National Bank Holdings Corporation reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2016. For the quarter, the company reported total interest and dividend income of $40,764,000 against $42,311,000 a year ago. Net interest income was $37,064,000 against $38,682,000 a year ago. Net interest income after provision for loan losses was $32,812,000 against $35,794,000 a year ago. Income before income taxes was $11,050,000 against $878,000 a year ago. Net income was $8,314,000 against $1,636,000 a year ago. Basic and diluted earnings per share were $0.30 against $0.05 a year ago. Return on average assets was 0.72% against 0.13% a year ago. Return on average tangible assets was 0.80% against 0.21% a year ago. Return on average equity was 5.76% against 0.98% a year ago. Return on average tangible common equity was 7.07% against 1.64% a year ago.

For the nine months, the company reported total interest and dividend income of $120,790,000 against $127,915,000 a year ago. Net interest income was $109,855,000 against $117,016,000 a year ago. Net interest income after provision for loan losses was $90,539,000 against $111,762,000 a year ago. Income before income taxes was $18,988,000 against $1,997,000 a year ago. Net income was $13,069,000 against $1,541,000 a year ago. Basic and diluted earnings per share were $0.45 against $0.04 a year ago. Book value per common share was $20.92 as on September 30, 2016 against $20.49 as on September 30, 2015. Tangible book value per share was $18.67 as on September 30, 2016 against $18.31 as on September 30, 2016. Return on average assets was 0.37% against 0.04% a year ago. Return on average tangible assets was 0.45% against 0.11% a year ago. Return on average equity was 2.92% against 0.28% a year ago. Return on average tangible common equity was 3.88% against 0.81% a year ago.

For the fourth quarter, the company forecasting quarterly fully taxable equivalent net interest income in the range of $35 million to $37 million, resulting net interest margin is expected to be in the range of 3.35% to 3.45%.

Regarding the fully taxable equivalent tax rate, the company is expecting the fourth quarter and full year to come in close to 31%.