National Bank Holdings Corp. reported unaudited consolidated earnings results for the first quarter ended March 31, 2017. For the quarter, the company reported total interest and dividend income of $38,740,000 compared to $41,554,000 a year ago. Net interest income was $34,722,000 compared to $38,038,000 a year ago. Income before income taxes was $7,018,000 compared to $440,000 a year ago. Net income was $8,258,000 or $0.30 per diluted share compared to $251,000 or $0.01 per diluted share a year ago. Common book value per share as at March 31, 2017 was $20.12 compared to $20.65 a year ago. Tangible common book value per share as at March 31, 2017 was $18.05 compared to $18.51 a year ago. Return on average assets was 0.73% compared to 0.02% a year ago. Return on average equity was 6.23% compared to 0.16% a year ago. Return on average tangible assets (non-GAAP) was 0.81% compared to 0.10% a year ago. Return on average tangible common equity (non-GAAP) was 7.66% compared to 0.79% a year ago.

The company expects that repeating prior year guidance, with a forecasted 2017 effective tax rate in the range of 22% to 24% and a fully taxable equivalent tax rate in the range of 29% to 31%.