National Bank Holdings Reports Sale Of $130M Of Available-For-Sale Investment Securities On The Open Market
Benzinga Newsdesk 1 year ago
News
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
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 million that will be recorded in the fourth quarter of 2024. Proceeds from the sale will be redeployed over time into higher yielding securities.