secwatch.observer — SEC 8-K summary
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Issuer:     National Bank Holdings Corp (NBHC)
CIK:        0001475841
Form:       8-K
Filed at:   2025-04-22T23:59:59+00:00
Accession:  0001475841-25-000015
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01, 7.01
LLM model:  deepseek-v4-flash:cloud@v2

NBHC Q1 EPS $0.63 vs $0.73 prior quarter; provision up on $10.2M fraud charge-off
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- Net income $24.2M ($0.63 EPS), down from $28.2M ($0.73) in Q4 2024 and $31.4M ($0.82) a year ago.
- Provision expense $10.2M due to suspected borrower fraud charge-off; net charge-offs 0.80% annualized vs 0.11% prior quarter.
- FTE net interest income $88.6M, up $2.9M YoY; NIM 3.93% vs 3.99% Q4 but up 15bps YoY.
- Tangible book value per share $25.94, up $0.66; CET1 ratio 13.61%; capital ratios well above 'well capitalized' thresholds.
- CEO said excluding fraud charge-off and payroll tax credit, EPS would have beat analyst median estimate.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1475841/000147584125000015/0001475841-25-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1475841/000147584125000015/nbhc-20250422x8k.htm
  HTML page:      https://secwatch.observer/filing/0001475841-25-000015

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