National Bank Holdings Corporation Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2017
January 26, 2018
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National Bank Holdings Corporation reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2017. For the quarter, the company reported net interest income of $36,913,000 against $35,785,000 a year ago. Income before income taxes was $8,496,000 against $10,070,000 a year ago. Net loss was $10,119,000 or $0.37 per diluted share against net income of $9,989,000 or $0.36 per basic and diluted share a year ago. The negative return on average assets was 0.83% compared to return on average assets of 0.87% a year ago. Negative return on average tangible assets was 0.78% compared to return on average tangible assets of 0.95% a year ago. Negative return on average equity was 7.26% compared to return on average equity of 7.31% a year ago.
For the year, the company reported net interest income of $146,306,000 against $145,640,000 a year ago. Income before income taxes was $35,862,000 against $26,007,000 a year ago. Net income was $14,579,000 or $0.53 per diluted share against $23,060,000 or $0.79 per diluted share a year ago. The return on average tangible assets was 0.38% compared to 0.57% a year ago. The return on average tangible equity was 3.61% compared to 5.04% a year ago. Return on average assets was 0.31% compared to 0.50% a year ago. Return on average equity was 2.67% compared to 3.95% a year ago.
National Bank Holdings Corporation is a bank holding company. The Company operates, through its subsidiaries, NBH Bank and Bank of Jackson Hole Trust (the Banks), which are a chartered banks and a member of the Federal Reserve System. The Bank provides a range of banking products to both commercial and consumer clients through a network of approximately 90 banking centers, located primarily in Colorado, the greater Kansas City region, Texas, Utah, and New Mexico, as well as through online and mobile banking products and services. The Bankâs distribution network also includes approximately 126 ATMs. The Bank offers personalized banking service to the clients, which includes services, such as loan and deposit services, online and mobile banking solutions, treasury management products, and services and trust and wealth management services. The Bankâs loan portfolio includes commercial and industrial loans, commercial real estate loans, residential real estate loans, and others.