National Bank Holdings Sells 20% of Available-for-Sale Portfolio for $130 Million-July 2024-www.financetom.com

National Bank Holdings Sells 20% of Available-for-Sale Portfolio for $130 Million

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National Bank Holdings Sells 20% of Available-for-Sale Portfolio for $130 Million

Dec 18, 2024 2:32 PM

05:05 PM EST, 12/18/2024 (MT Newswires) -- National Bank Holdings ( NBHC ) sold $130 million of available-for-sale investment securities in the open market.

The sale, covering 20% of the available-for-sale portfolio, is part of a plan to maximize the balance sheet, the company said Wednesday in a statement.

The sale resulted in an after-tax loss of about $5 million that will be recorded in Q4. and proceeds from the transaction will be redeployed into higher-yielding securities, the company said.

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