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AI brief of an SEC Form 8-K · National Bank Holdings (NBHC)

NBHC Q1 net income falls to $24.2 million, $0.63 a share, on fraud-related charge

Negative Impact 3 of 5 earnings Written later

National Bank Holdings Corporation (NBHC) reported first-quarter 2025 net income of $24.2 million, or $0.63 per diluted share, down from $28.2 million, or $0.73, in the fourth quarter of 2024 and $31.4 million, or $0.82, a year earlier. The decline was driven mainly by $10.2 million of provision expense, recorded primarily for a loan charge-off that the company says involved suspected fraud by the borrower, and management said earnings per share would have exceeded analysts' median estimate excluding that charge-off and a payroll tax credit.

Key points

  • Net income $24.2 million and diluted EPS $0.63 for Q1 2025, versus $0.73 in Q4 2024 and $0.82 in Q1 2024
  • Provision expense of $10.2 million, mainly for one charge-off linked to suspected borrower fraud, versus $2.0 million in Q4 2024
  • Fully taxable equivalent net interest margin 3.93%, narrowed six basis points from the prior quarter; common dividend $0.29 per share
  • Tangible common book value per share rose $0.66 to $25.94 at March 31, 2025; conference call set for 11:00 a.m. ET on April 23, 2025

The filing

CompanyNational Bank Holdings (NBHC)
Form8-K, current report
Filed with the SECApr 22, 2025, 4:14 PM ET
Accession number0001475841-25-000015

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 6:57 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 22, 2025.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.