National Bank Holdings Corp. Announces Unaudited Consolidated Earnings Results for Fourth Quarter and Full Year Ended December 31, 2014
January 29, 2015 at 05:13 pm
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National Bank Holdings Corp. announced unaudited consolidated earnings results for fourth quarter and full year ended December 31, 2014. For the quarter, the company reported total interest and dividend income of $46,280,000, net interest income after provision for loan losses of $41,319,000, income before income taxes of $3,053,000, net income of $2,279,000 or $0.06 per basic and diluted share, adjusted net income (non-GAAP) of $7,669,000 or $0.19 per diluted share, return on average assets of 0.19%, return on average equity of 1.12% compared to the total interest and dividend income of $47,377,000, net interest income after provision for loan losses of $42,818,000, income before income taxes of $944,000, net income of $1,000,000 or $0.02 per basic and diluted share, adjusted net income (non-GAAP) of $7,244,000 or $0.15 per diluted share, return on average assets of 0.08%, return on average equity of 0.42% for the same quarter a year ago.
For the year, the company reported total interest and dividend income of $184,662,000, net interest income after provision for loan losses of $164,040,000, income before income taxes of $12,341,000, net income of $9,176,000 or $0.22 per basic and diluted share, adjusted net income (non-GAAP) of $28,294,000 or $0.67 per diluted share, common book value per share of $20.43, return on average assets of 0.19%, return on average equity of 1.07% compared to the total interest and dividend income of $195,475,000, net interest income after provision for loan losses of $174,665,000, income before income taxes of $10,877,000, net income of $6,927,000 or $0.14 per basic and diluted share, adjusted net income (non-GAAP) of $25,835,000 or $0.51 per diluted share, common book value per share of $19.99, return on average assets of 0.13%, return on average equity of 0.67% for the previous year.
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.