National Bank Holdings Corp (NBHC)

[Enterprising Investor]

National Bank Holdings Corporation Announces New $50 Million Stock Repurchase Program (10/21/14)

GREENWOOD VILLAGE, Colo., Oct. 21, 2014 /PRNewswire/ -- National Bank Holdings Corporation (NYSE: NBHC) announced today that its Board of Directors authorized a new program to repurchase up to $50.0 million of the Company's common stock from time to time either in the open market or in privately negotiated transactions in accordance with applicable regulations of the Securities and Exchange Commission. The Company has completed its previously authorized $50.0 million stock repurchase program announced in July 2014, repurchasing 2.5 million shares.

Since early 2013, the Company has repurchased 12.5 million shares, or 23.9% of its outstanding shares, at a weighted average price of $19.73 per share. As of October 20, 2014, the Company had outstanding 39,867,040 shares of its common stock, including 38,999,266 shares of Class A voting common stock and 867,774 shares of Class B non-voting common stock.

About National Bank Holdings Corporation

National Bank Holdings Corporation is a bank holding company created to build a leading community bank franchise delivering high-quality client service and committed to shareholder results. National Bank Holdings Corporation operates a network of 97 banking centers located in Colorado, the greater Kansas City region and Texas. Through its subsidiary, NBH Bank, N.A., it operates under the following brand names: Bank Midwest in Kansas and Missouri, Community Banks of Colorado in Colorado and Hillcrest Bank in Texas. Additional information about National Bank Holdings Corporation can be found at www.nationalbankholdings.com.

http://www.prnewswire.com/news-releases/national-bank-holdings-corporation-announces-new-50-million-stock-repurchase-program-812039671.html