National Bank Holdings Corp NBHC

Financials SIC 6021 - National Commercial Banks NAICS Finance and Insurance › Credit Intermediation and Related Activities › Depository Credit Intermediation › Commercial Banking derived NYSE

NBHC is a bank holding company that has elected financial holding company status and was incorporated in the State of Delaware in 2009. The Company is headquartered in Greenwood Village, Colorado, and its primary operations are conducted through its wholly owned subsidiaries, NBH Bank, BOJHT and 2UniFi, LLC. The Company provides a variety of banking

products and services to both commercial and consumer clients through a network of over 90 banking centers, as of December 31, 2025, located primarily in Colorado, the greater Kansas City region, Texas, Utah, Wyoming, New Mexico and Idaho, as well as through online and mobile banking products and services. As of December 31, 2025, we had $9.9 billion in assets, $7.4 billion in loans, $8.3 billion in deposits, $1.4 billion in shareholders' equity and $1.3 billion in assets under management in our trust and wealth management business.

Last close 38.88 2026-10-23
Market cap $1.73B 2026-06-30 share count
52-week range 35.06 - 47.28

Valuation FY2025 figures against the last close

P/S36.7x
P/E13.6x
P/FCF10.7x
EV/EBITDA—
Dividend yield2.7%
Diluted EPS2.85

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $47.1M$46.2M$46.9M$37.7M$35.8M$32.4M$242.6M$221.4M$164.4M$160.4M
Interest expense $348.5M$345.4M$362.0M$266.8M$13.8M$25.1M$36.8M$24.0M$18.1M$14.8M
Pre-tax income $133.6M$145.2M$175.6M$86.2M$115.0M$109.4M$96.2M$73.7M$35.9M$26.0M
Income tax $24.1M$26.4M$33.6M$14.9M$21.4M$20.8M$15.8M$12.2M$21.3M$2.9M
Net income $109.6M$118.8M$142.0M$71.3M$93.6M$88.6M$80.4M$61.5M$14.6M$23.1M
EPS, basic 2.863.103.742.203.042.872.572.000.540.81
EPS, diluted 2.853.083.722.183.012.852.551.950.530.79
Shares, diluted (wtd. avg.) 38.1M38.4M38.1M32.7M31.1M31.1M31.5M31.4M27.7M29.1M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $417.1M$127.8M$192.3M$198.5M$850.2M$615.6M$120.2M$119.6M$257.4M$152.7M
Property, plant and equipment $214.6M$196.8M$162.7M$136.1M$96.7M$107.0M$112.2M$110.0M$93.7M$95.7M
Goodwill $306.0M$306.0M$306.0M$279.1M$115.0M$115.0M$115.0M$115.0M$59.6M$59.6M
Other intangibles $48.3M$58.4M$66.0M$59.9M$12.3M$17.9M$11.4M$13.5M$1.6M$6.9M
Total assets $9.88B$9.81B$9.95B$9.57B$7.21B$6.66B$5.90B$5.68B$4.84B$4.57B
Long-term debt $54.5M$54.5M$54.2M$53.9M$39.5M—————
Total liabilities $8.50B$8.50B$8.74B$8.48B$6.37B$5.84B$5.13B$4.98B$4.31B$4.04B
Retained earnings $572.5M$508.9M$433.1M$330.7M$289.9M$223.2M$164.1M$107.0M$60.8M$55.5M
Total equity $1.39B$1.31B$1.21B$1.09B$840.1M$820.7M$766.9M$695.0M$532.4M$536.2M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $162.4M$155.3M$166.9M$214.6M$179.5M-$6.2M$44.2M$73.6M$58.1M-$3.9M
Depreciation and amortisation $28.1M$24.2M$23.9M$16.4M$13.6M$14.4M$15.0M$11.5M$12.9M$14.2M
Stock-based compensation $7.3M$8.0M$7.2M$6.1M$5.5M$5.3M$4.9M$4.4M$3.6M$3.5M
Investing cash flow $186.5M$64.7M-$404.0M-$752.1M-$473.8M-$152.6M-$115.1M-$102.0M-$178.5M$114.6M
Financing cash flow -$59.7M-$284.4M$230.9M-$114.2M$529.0M$654.2M$71.4M-$109.4M$225.0M-$124.0M
Dividends paid $46.1M$42.9M$39.6M$30.4M$26.9M$24.8M$23.5M$16.6M$9.4M$6.4M
Buybacks $15.2M———$36.4M$19.5M———$93.6M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-019119.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 100M 200M 300M Revenue, FY2016: 160.4M Net income, FY2016: 23.1M Revenue, FY2017: 164.4M Net income, FY2017: 14.6M Revenue, FY2018: 221.4M Net income, FY2018: 61.5M Revenue, FY2019: 242.6M Net income, FY2019: 80.4M Revenue, FY2020: 32.4M Net income, FY2020: 88.6M Revenue, FY2021: 35.8M Net income, FY2021: 93.6M Revenue, FY2022: 37.7M Net income, FY2022: 71.3M Revenue, FY2023: 46.9M Net income, FY2023: 142M Revenue, FY2024: 46.2M Net income, FY2024: 118.8M Revenue, FY2025: 47.1M Net income, FY2025: 109.6M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $160.4M $164.4M $221.4M $242.6M $32.4M $35.8M $37.7M $46.9M $46.2M $47.1M
Gross profit — — — — — — — — — —
Net income $23.1M $14.6M $61.5M $80.4M $88.6M $93.6M $71.3M $142.0M $118.8M $109.6M

Recent filings and events

  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Item 7.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Other event Item 8.01
  • Regulation FD disclosure Item 7.01
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Officer or director change Item 5.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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