NEW ORLEANS--(BUSINESS WIRE)--

First NBC Bank Holding Company (“First NBC” or “the company”) (Nasdaq:FNBC), the holding company for First NBC Bank, today issued the following statement:

First NBC believes it is important to set the record straight and provide accurate information to the marketplace as soon as possible. The company disagrees with the unfounded assertions in the market and believes those responsible for them may be making these claims to support a short position in FNBC’s stock and benefit from negative news. First NBC remains profitable and generated $26.7 million in net income through the first six months of 2016. In addition, First NBC’s operating subsidiary, First NBC Bank, has maintained a solid capital position, with Tier 1 leverage and common equity Tier 1 risk-based capital ratios at well-capitalized levels and Tier 1 risk-based and total risk-based capital ratios at adequately capitalized levels.

As announced earlier today, First NBC has regained compliance with all applicable Nasdaq listing standards following the filing of its Form 10-Q for the period ended June 30, 2016. Now that it is current on its financials, First NBC is focused on returning all of the bank’s regulatory capital ratios to well-capitalized levels as quickly as possible. The company has engaged Sandler O'Neill & Partners, L.P. and Piper Jaffray & Co. and is exploring all strategic options to advance the interests of the company’s shareholders. Furthermore, First NBC remains committed to serving the interests of its customers and continuing to drive the successful rebuilding of New Orleans.

About First NBC Bank Holding Company

First NBC, headquartered in New Orleans, Louisiana, offers a broad range of financial services through its wholly-owned banking subsidiary, First NBC Bank, a Louisiana state non-member bank. First NBC’s primary markets are the New Orleans metropolitan area and the Florida panhandle, which it serves from 39 full service banking offices located throughout its markets.

This release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Forward-looking statements do not relate strictly to historical or current facts. Forward-looking statements reflect the current views and estimates of management of First NBC with respect to future economic circumstances, industry conditions, company performance and financial results. They often include the words “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate” or words of similar meaning, or future or conditional verbs such as “will,” “would,” “should,” “could” or “may.” Forward-looking statements, by their nature, are subject to risks and uncertainties. A number of factors - many of which are beyond the control of First NBC - could cause actual conditions, events or results to differ significantly from those described in the forward-looking statements. Among other factors, actual results may differ from those described in forward-looking statements due to the factors included in filings made by First NBC with the Securities and Exchange Commission, including those risk factors set forth in First NBC’s Annual Report on Form 10-K for the year ended December 31, 2015. Forward-looking statements speak only as of the date they are made. Copies of First NBC’s reports filed with the SEC are available in the Investor Relations section of First NBC’s website, www.firstnbcbank.com. First NBC undertakes no duty to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made or to reflect the occurrence of unanticipated events.

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