National Bank Holdings Corp-A 2025年季度报告

(Exact name of registrant as specified in its charter) 27-0563799 Delaware (I.R.S. EmployerIdentification No.) 7800 East Orchard Road, Suite 300, Greenwood Village, Colorado 80111(Address of principal executive offices) (Zip Code) Registrant’s telephone, including area code: (303) 892-8715 Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Actof 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subjectto such filing requirements for the past 90 days.Yes⌧No◻ Indicate by check mark whether the registrant has submitted electronically every interactive Data File required to be submitted pursuant to Rule405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required tosubmit such files).Yes⌧No◻ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and“emerging growth company” in Rule 12b-2 of the Exchange Act: Large accelerated filer⌧Accelerated filer◻Non-accelerated filer◻Smaller reporting company☐Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying withany new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.◻ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☒ APPLICABLE ONLY TO CORPORATE ISSUERS: Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date. As of April 25, 2025, the registrant had outstanding 38,094,318 shares of Class A voting common stock, each with $0.01 par value per share,excluding 409,528 shares of restricted Class A common stock issued but not yet vested. Part I. Financial InformationItem 1.Financial Statements (Unaudited)6Consolidated Statements of Financial Condition as of March 31, 2025 and December 31, 20246Consolidated Statements of Operations for the three months ended March 31, 2025 and 20247Consolidated Statements of Comprehensive Income for the three months ended March 31, 2025and 20248Consolidated Statements of Changes in Shareholders’ Equity for the three months ended March31, 2025 and 20249Consolidated Statements of Cash Flows for the three months ended March 31, 2025 and 202410Notes to Consolidated Financial Statements11Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations45Item 3.Quantitative and Qualitative Disclosures About Market Risk72Item 4.Controls and Procedures72Part II. Other InformationItem 1.Legal Proceedings73Item 1A.Risk Factors73Item 2.Unregistered Sales of Equity Securities and Use of Proceeds73Item 5.Other Information73Item 6.Exhibits74 GLOSSARY OF ACRONYMS, ABBREVIATIONS AND TERMS CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This report contains forward-looking statements within the meaning of the Private Securities Litigation Reform Actof 1995. These statements do not discuss historical facts but instead relate to expectations, beliefs, plans, predictions,forecasts, objectives, assumptions or future events or performance. Forward-looking statements are generallyidentified by words such as “anticipate,” “believe,” “can,” “would,” “should,” “could,” “may,” “predict,” “seek,”“potential,” “will,” “estimate,” “target,” “plan,” “project,” “continuing,” “ongoing,” “expect,” “intend,” “goal,”“focus,” “maintains,” “future,” “ultimately, ” “likely,” “ensure,” “strategy,” “objective,” and similar words orphrases. These statements are only predictions and involve estimates, known and unknown risks, assumptions anduncertainties. We have based these statements largely on our current expectations and projections about futureevents and financial trends that we believe may affect our financial condition, liquidity, results of operations,business strategy and growth prospects. Forward-looking statements involve certain important risks, uncertainties and other factors, any of which couldcause actual results to differ materially from those in such statements and, therefore, you are cautioned not to placeundue reliance on such statements. Factors that could cause actual results to differ from those discussed in theforward-looking statements include, but are not limited to: ●business and economic conditions along with external events both generally and in the financial servicesindustry; ●susceptibility to credit risk and fluctuations in the value of real estate and other collateral secur