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Feb 19, 2026·SEC
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National Bank Holdings Corporation (NBHC) fundamental analysis — strengths, weaknesses & financial health based on data analysis
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National Bank Holdings Corporation (NBHC) stock price & volume — 10-year historical chart
National Bank Holdings Corporation (NBHC) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
National Bank Holdings Corporation (NBHC) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 21, 2026 | $0.72vs $0.59+22.0% | $127Mvs $131M-3.4% |
| Q1 2026 | Jan 27, 2026 | $0.60vs $0.87-31.0% | $101Mvs $107M-6.4% |
| Q4 2025 | Oct 21, 2025 | $0.96vs $0.90+6.7% | $108Mvs $108M-0.3% |
| Q3 2025 | Jul 22, 2025 | $0.88vs $0.82+7.3% | $103Mvs $112M-7.7% |
National Bank Holdings Corporation (NBHC) competitors in Commercial and middle-market focused banks — business model, growth, and fundamentals comparison
National Bank Holdings Corporation (NBHC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
National Bank Holdings Corporation (NBHC) annual income statement — 10-year revenue, gross profit & net income history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
Net Interest Income | 146.31M | 197.44M | 204.06M | 191.79M | 186.31M | 265.8M | 358.7M | 343.56M | 346.61M |
NII Growth % | 0.98% | 34.95% | 3.35% | -6.01% | -2.86% | 42.67% | 34.95% | -4.22% | 0.89% |
Net Interest Margin % | 3.02% | 3.48% | 3.46% | 2.88% | 2.58% | 2.78% | 3.6% | 3.5% | 3.51% |
Interest Income | 164.42M | 221.39M | 240.83M | 216.84M | 200.97M | 283.65M | 492.16M | 536.44M | 517.88M |
Interest Expense | 18.11M | 23.95M | 36.77M | 25.06M | 13.82M | 17.85M | 133.46M | 192.88M | 171.27M |
Loan Loss Provision | 12.97M | 5.2M | 11.64M | 17.63M | -9.29M | 36.73M | 8.29M | 6.75M | 8.7M |
Non-Interest Income | 39.2M | 70.78M | 86.94M | 137.06M | 105.19M | 62.87M | 61.4M | 57.88M | 66.06M |
Non-Interest Income % | 19.25% | 24.22% | 26.52% | 38.73% | 34.36% | 18.14% | 11.09% | 9.74% | 11.31% |
Total Revenue | 203.63M▲ 0% | 292.17M▲ 43.5% | 327.77M▲ 12.2% | 353.91M▲ 8.0% | 306.15M▼ 13.5% | 346.52M▲ 13.2% | 553.56M▲ 59.7% | 594.31M▲ 7.4% | 583.94M▼ 1.7% |
Revenue Growth % | 1.6% | 43.48% | 12.18% | 7.98% | -13.49% | 13.19% | 59.75% | 7.36% | -1.75% |
Non-Interest Expense | 136.68M | 189.33M | 183.16M | 201.83M | 186.65M | 205.75M | 236.2M | 249.43M | 261.24M |
Efficiency Ratio | 67.12% | 64.8% | 55.88% | 57.03% | 60.97% | 59.38% | 42.67% | 41.97% | 44.74% |
Operating Income | 35.86M▲ 0% | 73.68M▲ 105.5% | 96.19M▲ 30.6% | 109.4M▲ 13.7% | 114.97M▲ 5.1% | 86.18M▼ 25.0% | 175.6M▲ 103.8% | 145.25M▼ 17.3% | 142.73M▼ 1.7% |
Operating Margin % | 17.61% | 25.22% | 29.35% | 30.91% | 37.55% | 24.87% | 31.72% | 24.44% | 24.44% |
Operating Income Growth % | 37.89% | 105.46% | 30.55% | 13.73% | 5.1% | -25.04% | 103.75% | -17.29% | -1.73% |
Pretax Income | 35.86M▲ 0% | 73.68M▲ 105.5% | 96.19M▲ 30.6% | 109.4M▲ 13.7% | 114.97M▲ 5.1% | 86.18M▼ 25.0% | 175.6M▲ 103.8% | 145.25M▼ 17.3% | 133.63M▼ 8.0% |
Pretax Margin % | 17.61% | 25.22% | 29.35% | 30.91% | 37.55% | 24.87% | 31.72% | 24.44% | 22.88% |
Income Tax | 21.28M | 12.23M | 15.83M | 20.81M | 21.36M | 14.91M | 33.55M | 26.43M | 24.05M |
Effective Tax Rate % | 59.35% | 16.6% | 16.46% | 19.02% | 18.58% | 17.3% | 19.11% | 18.2% | 18% |
Net Income | 14.58M▲ 0% | 61.45M▲ 321.5% | 80.36M▲ 30.8% | 88.59M▲ 10.2% | 93.61M▲ 5.7% | 71.27M▼ 23.9% | 142.05M▲ 99.3% | 118.81M▼ 16.4% | 109.57M▼ 7.8% |
Net Margin % | 7.16% | 21.03% | 24.52% | 25.03% | 30.58% | 20.57% | 25.66% | 19.99% | 18.76% |
Net Income Growth % | -36.78% | 321.5% | 30.78% | 10.24% | 5.66% | -23.86% | 99.3% | -16.36% | -7.78% |
Net Income (Continuing) | 14.58M | 61.45M | 80.36M | 88.59M | 93.61M | 71.27M | 142.05M | 118.81M | 109.57M |
EPS (Diluted) | 0.53▲ 0% | 1.96▲ 269.8% | 2.55▲ 30.1% | 2.85▲ 11.8% | 3.01▲ 5.6% | 2.18▼ 27.6% | 3.72▲ 70.6% | 3.08▼ 17.2% | 2.85▼ 7.5% |
EPS Growth % | -32.91% | 269.81% | 30.1% | 11.76% | 5.61% | -27.57% | 70.64% | -17.2% | -7.47% |
EPS (Basic) | 0.54 | 2.00 | 2.57 | 2.87 | 3.04 | 2.20 | 3.74 | 3.10 | 2.86 |
Diluted Shares Outstanding | 27.01M | 31.43M | 31.53M | 31.08M | 31.07M | 32.68M | 38.11M | 38.42M | 38.18M |
National Bank Holdings Corporation (NBHC) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
Cash & Short Term Investments | 1.11B | 900.66M | 748.44M | 1.27B | 1.54B | 901.79M | 819.65M | 655.39M | 945.7M |
Cash & Due from Banks | 257.36M | 109.56M | 110.19M | 605.57M | 845.7M | 195.5M | 190.83M | 127.85M | 417.06M |
Short Term Investments | 855.35M | 791.1M | 638.25M | 661.96M | 691.85M | 706.29M | 628.83M | 527.55M | 528.64M |
Total Investments | 4.28B | 5.15B | 5.31B | 5.58B | 5.9B | 8.56B | 8.88B | 8.79B | 528.64M |
Investments Growth % | 4.78% | 20.41% | 3.15% | 4.99% | 5.79% | 45.03% | 3.75% | -1.04% | -93.99% |
Long-Term Investments | 3.42B | 4.36B | 4.68B | 4.92B | 5.21B | 7.86B | 8.25B | 8.26B | 0 |
Accounts Receivables | 14.26M | 19.32M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Goodwill & Intangibles | 61.24M | 128.5M | 126.39M | 132.96M | 127.35M | 339.02M | 372.07M | 364.48M | 354.38M |
Goodwill | 59.63M | 115.03M | 115.03M | 115.03M | 115.03M | 279.13M | 306.04M | 306.04M | 306.04M |
Intangible Assets | 1.61M | 13.47M | 11.36M | 17.93M | 12.32M | 59.89M | 66.03M | 58.43M | 48.34M |
PP&E (Net) | 93.71M | 109.99M | 112.15M | 106.98M | 96.75M | 136.11M | 162.73M | 196.77M | 214.55M |
Other Assets | 97.79M | 125.93M | 231.86M | 234.12M | 240.53M | 340.45M | 342.3M | 328.28M | 0 |
Total Current Assets | 1.13B | 922.27M | 748.44M | 1.27B | 1.54B | 901.79M | 819.65M | 655.39M | 945.7M |
Total Non-Current Assets | 3.71B | 4.75B | 5.15B | 5.39B | 5.68B | 8.67B | 9.13B | 9.15B | 568.93M |
Total Assets | 4.84B▲ 0% | 5.68B▲ 17.2% | 5.9B▲ 3.9% | 6.66B▲ 13.0% | 7.21B▲ 8.3% | 9.57B▲ 32.7% | 9.95B▲ 3.9% | 9.81B▼ 1.4% | 9.88B▲ 0.8% |
Asset Growth % | 5.91% | 17.2% | 3.86% | 12.97% | 8.32% | 32.7% | 3.95% | -1.44% | 0.77% |
Return on Assets (ROA) | 0.31% | 1.17% | 1.39% | 1.41% | 1.35% | 0.85% | 1.46% | 1.2% | 1.11% |
Accounts Payable | 5.78M | 7.01M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Debt | 259.58M | 367.71M | 264.61M | 22.9M | 62.25M | 459.1M | 413.83M | 123.41M | 71.89M |
Net Debt | 2.21M | 258.15M | 154.42M | -582.67M | -783.45M | 263.6M | 223M | -4.44M | -345.17M |
Long-Term Debt | 129.12M | 301.66M | 207.68M | 0 | 39.48M | 438.89M | 394.2M | 104.51M | 54.54M |
Short-Term Debt | 130.46M | 66.05M | 56.94M | 22.9M | 22.77M | 20.21M | 19.63M | 18.89M | 17.35M |
Other Liabilities | 49.97M | 50.66M | 126.85M | 140.13M | 83.49M | 149.31M | 134.04M | 141.32M | 4.99B |
Total Current Liabilities | 4.13B | 4.63B | 4.79B | 5.7B | 6.25B | 7.89B | 8.21B | 8.26B | 3.46B |
Total Non-Current Liabilities | 179.09M | 352.32M | 334.52M | 140.13M | 122.96M | 588.2M | 528.24M | 245.83M | 5.04B |
Total Liabilities | 4.31B | 4.98B | 5.13B | 5.84B | 6.37B | 8.48B | 8.74B | 8.5B | 8.5B |
Total Equity | 532.41M▲ 0% | 695.01M▲ 30.5% | 766.92M▲ 10.3% | 820.69M▲ 7.0% | 840.11M▲ 2.4% | 1.09B▲ 30.0% | 1.21B▲ 11.0% | 1.31B▲ 7.6% | 1.39B▲ 6.1% |
Equity Growth % | -0.71% | 30.54% | 10.35% | 7.01% | 2.37% | 30.01% | 11.04% | 7.61% | 6.13% |
Equity / Assets (Capital Ratio) | 10.99% | 12.24% | 13.01% | 12.32% | 11.65% | 11.41% | 12.19% | 13.31% | 14.01% |
Return on Equity (ROE) | 2.73% | 10.01% | 10.99% | 11.16% | 11.27% | 7.38% | 12.33% | 9.44% | 8.15% |
Book Value per Share | 19.71 | 22.11 | 24.32 | 26.41 | 27.04 | 33.42 | 31.82 | 33.97 | 36.28 |
Tangible BV per Share | 17.45 | 18.02 | 20.31 | 22.13 | 22.94 | 23.05 | 22.06 | 24.48 | 27.00 |
Common Stock | 515K | 515K | 515K | 515K | 515K | 515K | 515K | 515K | 515K |
Additional Paid-in Capital | 970.67M | 1.01B | 1.01B | 1.01B | 1.01B | 1.16B | 1.16B | 1.17B | 1.17B |
Retained Earnings | 60.8M | 106.99M | 164.08M | 223.18M | 289.88M | 330.72M | 433.13M | 508.86M | 572.46M |
Accumulated OCI | -6.24M | -11.28M | 2.06M | 9.77M | -6.96M | -88.2M | -76.4M | -70.04M | -44.05M |
Treasury Stock | -493.33M | -415.62M | -408.96M | -424.13M | -457.62M | -310.34M | -306.7M | -301.69M | -315.4M |
Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
National Bank Holdings Corporation (NBHC) cash flow — operating, investing & free cash flow history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | 58.14M | 73.57M | 44.24M | -6.21M | 179.5M | 214.63M | 166.94M | 155.27M | 162.42M |
Operating CF Growth % | 1577.11% | 26.55% | -39.87% | -114.04% | 2989.6% | 19.57% | -22.22% | -6.99% | 4.6% |
Net Income | 14.58M | 61.45M | 80.36M | 88.59M | 93.61M | 71.27M | 142.05M | 118.81M | 109.57M |
Depreciation & Amortization | 12.89M | 11.52M | 15.04M | 14.45M | 13.59M | 16.45M | 23.85M | 24.19M | 25.33M |
Deferred Taxes | 17.18M | 9.09M | 8.79M | 3.48M | -226K | 0 | 0 | 0 | 24.57M |
Other Non-Cash Items | -24.07M | -36.98M | -80.15M | -122.83M | 105.86M | 152.3M | 3.7M | -1.43M | 10.49M |
Working Capital Changes | 33.91M | 24.07M | 15.33M | 4.8M | -38.86M | -31.44M | -9.89M | 5.65M | -14.79M |
Cash from Investing | -178.52M | -102.02M | -115.05M | -152.59M | -473.84M | -752.14M | -404.03M | 64.66M | 186.49M |
Purchase of Investments | -202.69M | -118.01M | -74.65M | -574.41M | -714.03M | -398.82M | -108.63M | -241.09M | -472.04M |
Sale/Maturity of Investments | 295.93M | 313.06M | 291.53M | 373.29M | 399.79M | 407.86M | 261.63M | 410.26M | 190.4M |
Net Investment Activity | 93.24M | 195.06M | 216.88M | -201.12M | -314.24M | 9.04M | 153.01M | 169.17M | -281.64M |
Acquisitions | 0 | 68.98M | 0 | 0 | 0 | 234.26M | -45.3M | 0 | 0 |
Other Investing | -266.14M | -359.78M | -320.73M | 52.88M | -164.75M | -983.01M | -474.9M | -69.92M | 468.13M |
Cash from Financing | 225.01M | -109.36M | 71.44M | 654.18M | 528.99M | -114.2M | 230.9M | -284.41M | -59.7M |
Dividends Paid | -9.4M | -16.62M | -23.53M | -24.82M | -26.89M | -30.45M | -39.64M | -42.95M | -46.05M |
Share Repurchases | -93.57M | 772K | 0 | -19.48M | -36.4M | 0 | 0 | 0 | -15.17M |
Stock Issued | -8.29M | -772K | -3.44M | 0 | 0 | -379K | -917K | 3.56M | 28K |
Net Stock Activity | -101.86M | 0 | -3.44M | -19.48M | -36.4M | -379K | -917K | 3.56M | -15.14M |
Debt Issuance (Net) | 1000K | 1000K | -1000K | -1000K | 1000K | 1000K | -1000K | -1000K | -1000K |
Other Financing | 152.25M | -238.26M | 192.4M | 906.14M | 552.28M | -468.37M | 316.46M | 44.98M | 53.04M |
Net Change in Cash | 104.63M▲ 0% | -137.81M▼ 231.7% | 634K▲ 100.5% | 495.38M▲ 78034.9% | 234.66M▼ 52.6% | -651.7M▼ 377.7% | -6.19M▲ 99.0% | -64.48M▼ 941.1% | 289.21M▲ 548.5% |
Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash at Beginning | 152.74M | 257.36M | 119.56M | 120.19M | 615.57M | 850.22M | 198.52M | 192.33M | 127.85M |
Cash at End | 257.36M | 119.56M | 120.19M | 615.57M | 850.22M | 198.52M | 192.33M | 127.85M | 417.06M |
Interest Paid | 17.31M | 22.71M | 34.46M | 27.62M | 16.64M | 18.6M | 124.43M | 189.97M | 0 |
Income Taxes Paid | 127K | 2.35M | 9.27M | 22.11M | 15.39M | 11.3M | 32.85M | 20.84M | 0 |
Free Cash Flow | 52.52M▲ 0% | 67.3M▲ 28.1% | 33.04M▼ 50.9% | -10.56M▼ 132.0% | 179.5M▲ 1799.2% | 202.2M▲ 12.6% | 130.1M▼ 35.7% | 120.68M▼ 7.2% | 132.5M▲ 9.8% |
FCF Growth % | 1434.4% | 28.13% | -50.91% | -131.97% | 1799.19% | 12.65% | -35.66% | -7.24% | 9.79% |
National Bank Holdings Corporation (NBHC) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 4% | 2.73% | 10.01% | 10.99% | 11.16% | 11.27% | 7.38% | 12.33% | 9.44% | 8.15% |
| Return on Assets (ROA) | 0.5% | 0.31% | 1.17% | 1.39% | 1.41% | 1.35% | 0.85% | 1.46% | 1.2% | 1.11% |
| Net Interest Margin | 3.17% | 3.02% | 3.48% | 3.46% | 2.88% | 2.58% | 2.78% | 3.6% | 3.5% | 3.51% |
| Efficiency Ratio | 67.83% | 67.12% | 64.8% | 55.88% | 57.03% | 60.97% | 59.38% | 42.67% | 41.97% | 44.74% |
| Equity / Assets | 11.72% | 10.99% | 12.24% | 13.01% | 12.32% | 11.65% | 11.41% | 12.19% | 13.31% | 14.01% |
| Book Value / Share | 19.52 | 19.71 | 22.11 | 24.32 | 26.41 | 27.04 | 33.42 | 31.82 | 33.97 | 36.28 |
| NII Growth | -6.96% | 0.98% | 34.95% | 3.35% | -6.01% | -2.86% | 42.67% | 34.95% | -4.22% | 0.89% |
| Dividend Payout | 27.75% | 64.48% | 27.05% | 29.28% | 28.01% | 28.72% | 42.72% | 27.91% | 36.14% | 42.03% |
National Bank Holdings Corporation (NBHC) SEC filings — annual & quarterly reports (10-K, 10-Q)
Apr 21, 2026·SEC
Feb 19, 2026·SEC
Feb 11, 2026·SEC
National Bank Holdings Corporation (NBHC) stock FAQ — growth, dividends, profitability & financials explained
National Bank Holdings Corporation (NBHC) saw revenue decline by 1.7% over the past year.
Yes, National Bank Holdings Corporation (NBHC) is profitable, generating $109.6M in net income for fiscal year 2025 (18.8% net margin).
Yes, National Bank Holdings Corporation (NBHC) pays a dividend with a yield of 2.76%. This makes it attractive for income-focused investors.
National Bank Holdings Corporation (NBHC) has a return on equity (ROE) of 8.1%. This is below average, suggesting room for improvement.
National Bank Holdings Corporation (NBHC) has a net interest margin (NIM) of 3.5%. This indicates healthy earnings from lending activities.
National Bank Holdings Corporation (NBHC) has an efficiency ratio of 44.7%. This is excellent, indicating strong cost control.