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National Bank Holdings Corporation Announces Balance Sheet Repositioning
NBHCNational Bank (NBHC) Newsfilter·2024-12-18 21:10

DENVER, Dec. 18, 2024 (GLOBE NEWSWIRE) -- National Bank Holdings Corporation (NYSE:NBHC, or the "Company")) announced today that it sold approximately 130millionofavailable−for−sale("AFS")investmentsecuritiesontheopenmarket.ThesecuritiessaleispartoftheCompany′sstrategytoproactivelymaximizethebalancesheetwiththegoalofdrivingfutureearnings.Thesecuritiessoldrepresentedapproximately20130 million of available-for-sale ("AFS") investment securities on the open market. The securities sale is part of the Company's strategy to proactively maximize the balance sheet with the goal of driving future earnings. The securities sold represented approximately 20% of the Company's AFS portfolio and resulted in an after-tax loss of approximately 5 mil ...