National Bank Holdings Corporation (NBHC) 10-Year Financial Performance & Capital Metrics

NBHC • • Banking & Credit

Financial ServicesRegional BanksCommunity & Regional Retail BankingWest Coast Community Banks

AboutNational Bank Holdings Corporation operates as the bank holding company for NBH Bank that provides various banking products and financial services to commercial, business, and consumer clients in the United States. It offers deposit products, including checking, savings, money market, and other deposit accounts, including fixed-rate and fixed maturity time deposits. The company also provides commercial and industrial loans and leases, such as working capital loans, equipment loans, lender finance loans, food and agriculture loans, government and non-profit loans, owner occupied commercial real estate loans, and other commercial loans and leases; non-owner occupied commercial real estate loans consisting of loans on commercial properties, such as office buildings, warehouse/distribution buildings, multi-family, hospitality, and retail buildings; small business administration loans to support manufacturers, distributors, and service providers; term loans, line of credits, and real estate secured loans; residential real estate loans; and consumer loans. In addition, it offers treasury management solutions comprising online and mobile banking, commercial credit card, wire transfer, automated clearing house, electronic bill payment, lock box, remote deposit capture, merchant processing, cash vault, controlled disbursements, and fraud prevention services, as well as other auxiliary services, including account reconciliation, collections, repurchase accounts, zero balance accounts, and sweep accounts. As of January 20, 2022, the company operated through a network of 81 banking centers located in Colorado, the greater Kansas City region, New Mexico, Utah, and Texas. It also operates 121 ATMs. The company was formerly known as NBH Holdings Corp. and changed its name to National Bank Holdings Corporation in March 2012. National Bank Holdings Corporation was incorporated in 2009 and is headquartered in Greenwood Village, Colorado.Show more

Net Interest Income $344M -4.2%
Total Revenue $594M +7.4%
Net Income $119M -16.4%
Return on Equity 9.44% -23.4%
Net Interest Margin 3.5% -2.8%
Efficiency Ratio 41.97% -1.6%
ROA 1.2% -17.3%
Equity / Assets 13.31% +9.2%
Book Value per Share 33.97 +6.7%
Tangible BV/Share 24.48 +11.0%
Debt/Equity 0.09 -72.3%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Strong NIM of 3.5%
✓Efficient operations: 42.0% efficiency ratio
✓13 consecutive years of dividend growth
✓Well capitalized: 13.3% equity/assets
✓Healthy dividend yield of 2.8%

✗Weaknesses

No significant weaknesses identified

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y9.84%

5Y12.64%

3Y24.75%

TTM-

Profit (Net Income) CAGR

10Y29.19%

5Y8.13%

3Y8.27%

TTM-5.75%

EPS CAGR

10Y30.2%

5Y3.85%

3Y0.77%

TTM-6.34%

ROCE

10Y Avg7.6%

5Y Avg9.63%

3Y Avg8.54%

Latest8.82%

Peer Comparison

West Coast Community Banks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
BCALSouthern California Bancorp	588.27M	18.20	82.73	45.45%	2.94%	11.23%	8.46%	0.17
CWBCCommunity West Bancshares	425.55M	22.21	49.36	51.89%	4.67%	6.95%	4.03%	0.56
GBCIGlacier Bancorp, Inc.	6.06B	46.60	27.74	11.64%	15.27%	6.57%	3.46%	1.18
GBFHGBank Financial Holdings Inc.	449.97M	31.30	22.52	2%	30.99%	11.8%	5.84%	0.22
BOHBank of Hawaii Corporation	2.77B	69.73	20.15	6.6%	14.57%	10.28%	6.08%	0.45
HFWAHeritage Financial Corporation	817.34M	24.07	19.41	4.64%	13.64%	6.33%	7.47%	0.47
HTBKHeritage Commerce Corp	755.62M	12.32	18.67	3.35%	16.12%	6.19%	4.94%	0.06
NRIMNorthrim BanCorp, Inc.	622.52M	28.18	16.98	23.77%	18.87%	19.99%		0.15

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	155.74M	144.89M	146.31M	197.44M	204.06M	191.79M	186.31M	265.8M	358.7M	343.56M
NII Growth %	-0.08%	-0.07%	0.01%	0.35%	0.03%	-0.06%	-0.03%	0.43%	0.35%	-0.04%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	170.2M	160.45M	164.42M	221.39M	240.83M	216.84M	200.97M	283.65M	492.16M	536.44M
Interest Expense	14.46M	14.81M	18.11M	23.95M	36.77M	25.06M	13.82M	17.85M	133.46M	192.88M
Loan Loss Provision	12.44M	23.65M	12.97M	5.2M	11.64M	17.63M	-9.29M	36.73M	8.29M	6.75M
Non-Interest Income+	36.13M	39.97M	39.2M	70.78M	86.94M	137.06M	105.19M	62.87M	61.4M	57.88M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	206.33M	200.42M	203.63M	292.17M	327.77M	353.91M	306.15M	346.52M	553.56M	594.31M
Revenue Growth %	-0.11%	-0.03%	0.02%	0.43%	0.12%	0.08%	-0.13%	0.13%	0.6%	0.07%
Non-Interest Expense	171.5M	135.95M	136.68M	189.33M	183.16M	201.83M	186.65M	205.75M	236.2M	249.43M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	7.92M	26.01M	35.86M	73.68M	96.19M	109.4M	114.97M	86.18M	175.6M	145.25M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	-0.36%	2.28%	0.38%	1.05%	0.31%	0.14%	0.05%	-0.25%	1.04%	-0.17%
Pretax Income+	7.92M	26.01M	35.86M	73.68M	96.19M	109.4M	114.97M	86.18M	175.6M	145.25M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	3.04M	2.95M	21.28M	12.23M	15.83M	20.81M	21.36M	14.91M	33.55M	26.43M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	4.88M	23.06M	14.58M	61.45M	80.36M	88.59M	93.61M	71.27M	142.05M	118.81M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-0.47%	3.72%	-0.37%	3.22%	0.31%	0.1%	0.06%	-0.24%	0.99%	-0.16%
Net Income (Continuing)	4.88M	23.06M	14.58M	61.45M	80.36M	88.59M	93.61M	71.27M	142.05M	118.81M
EPS (Diluted)+	0.14	0.79	0.53	1.96	2.55	2.85	3.01	2.18	3.72	3.08
EPS Growth %	-0.36%	4.64%	-0.33%	2.7%	0.3%	0.12%	0.06%	-0.28%	0.71%	-0.17%
EPS (Basic)	0.14	0.81	0.54	2.00	2.57	2.87	3.04	2.20	3.74	3.10
Diluted Shares Outstanding	30.8M	27.47M	27.01M	31.43M	31.53M	31.08M	31.07M	32.68M	38.11M	38.42M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	166.09M	152.74M	257.36M	109.56M	110.19M	605.57M	845.7M	195.5M	190.83M	127.85M
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	4.17B	4.08B	4.28B	5.15B	5.31B	5.58B	5.9B	8.56B	8.88B	8.79B
Investments Growth %	0%	-0.02%	0.05%	0.2%	0.03%	0.05%	0.06%	0.45%	0.04%	-0.01%
Long-Term Investments	3.01B	3.2B	3.42B	4.36B	4.68B	4.92B	5.21B	7.86B	8.25B	8.26B
Accounts Receivables	1000K	1000K	1000K	1000K	0	0	0	0	0	0
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	59.63M	59.63M	59.63M	115.03M	115.03M	115.03M	115.03M	279.13M	306.04M	306.04M
Intangible Assets	12.43M	6.95M	1.61M	13.47M	11.36M	17.93M	12.32M	59.89M	66.03M	58.43M
PP&E (Net)	103.1M	95.67M	93.71M	109.99M	112.15M	106.98M	96.75M	136.11M	162.73M	196.77M
Other Assets	104.36M	103.05M	97.79M	125.93M	231.86M	234.12M	240.53M	340.45M	342.3M	328.28M
Total Current Assets	1.34B	1.05B	1.13B	922.27M	748.44M	1.27B	1.54B	901.79M	819.65M	655.39M
Total Non-Current Assets	3.34B	3.52B	3.71B	4.75B	5.15B	5.39B	5.68B	8.67B	9.13B	9.15B
Total Assets+	4.68B	4.57B	4.84B	5.68B	5.9B	6.66B	7.21B	9.57B	9.95B	9.81B
Asset Growth %	-0.03%	-0.02%	0.06%	0.17%	0.04%	0.13%	0.08%	0.33%	0.04%	-0.01%
Return on Assets (ROA)	0%	0%	0%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Accounts Payable	4.32M	4.97M	5.78M	7.01M	0	0	0	0	0	0
Total Debt+	176.52M	130.68M	259.58M	367.71M	264.61M	22.9M	62.25M	459.1M	413.83M	123.41M
Net Debt	10.43M	-22.06M	2.21M	258.15M	154.42M	-582.67M	-783.45M	263.6M	223M	-4.44M
Long-Term Debt	40M	38.66M	129.12M	301.66M	207.68M	0	39.48M	438.89M	394.2M	104.51M
Short-Term Debt	136.52M	92.01M	130.46M	66.05M	56.94M	22.9M	22.77M	20.21M	19.63M	18.89M
Other Liabilities	34.91M	19.52M	49.97M	50.66M	126.85M	140.13M	83.49M	149.31M	134.04M	141.32M
Total Current Liabilities	3.99B	3.98B	4.13B	4.63B	4.79B	5.7B	6.25B	7.89B	8.21B	8.26B
Total Non-Current Liabilities	74.91M	58.18M	179.09M	352.32M	334.52M	140.13M	122.96M	588.2M	528.24M	245.83M
Total Liabilities	4.07B	4.04B	4.31B	4.98B	5.13B	5.84B	6.37B	8.48B	8.74B	8.5B
Total Equity+	617.54M	536.19M	532.41M	695.01M	766.92M	820.69M	840.11M	1.09B	1.21B	1.31B
Equity Growth %	-0.22%	-0.13%	-0.01%	0.31%	0.1%	0.07%	0.02%	0.3%	0.11%	0.08%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.01%	0.04%	0.03%	0.1%	0.11%	0.11%	0.11%	0.07%	0.12%	0.09%
Book Value per Share	20.05	19.52	19.71	22.11	24.32	26.41	27.04	33.42	31.82	33.97
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	513K	514K	515K	515K	515K	515K	515K	515K	515K	515K
Additional Paid-in Capital	997.93M	984.09M	970.67M	1.01B	1.01B	1.01B	1.01B	1.16B	1.16B	1.17B
Retained Earnings	38.67M	55.45M	60.8M	106.99M	164.08M	223.18M	289.88M	330.72M	433.13M	508.86M
Accumulated OCI	95K	-1.76M	-6.24M	-11.28M	2.06M	9.77M	-6.96M	-88.2M	-76.4M	-70.04M
Treasury Stock	-419.66M	-502.1M	-493.33M	-415.62M	-408.96M	-424.13M	-457.62M	-310.34M	-306.7M	-301.69M
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-37.63M	-3.94M	58.14M	73.57M	44.24M	-6.21M	179.5M	214.63M	166.94M	155.27M
Operating CF Growth %	-12.66%	0.9%	15.77%	0.27%	-0.4%	-1.14%	29.9%	0.2%	-0.22%	-0.07%
Net Income	4.88M	23.06M	14.58M	61.45M	80.36M	88.59M	93.61M	71.27M	142.05M	118.81M
Depreciation & Amortization	15.5M	14.2M	12.89M	11.52M	15.04M	14.45M	13.59M	16.45M	23.85M	24.19M
Deferred Taxes	-4.24M	-176K	17.18M	9.09M	8.79M	3.48M	-226K	0	0	0
Other Non-Cash Items	-21.16M	-34.36M	-24.07M	-36.98M	-80.15M	-122.83M	105.86M	152.3M	3.7M	-1.43M
Working Capital Changes	-35.96M	-10.15M	33.91M	24.07M	15.33M	4.8M	-38.86M	-31.44M	-9.89M	5.65M
Cash from Investing+	182.34M	114.63M	-178.52M	-102.02M	-115.05M	-152.59M	-473.84M	-752.14M	-404.03M	64.66M
Purchase of Investments	-6.22M	-4.87M	-202.69M	-118.01M	-74.65M	-574.41M	-714.03M	-398.82M	-108.63M	-241.09M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	22.83M	0	0	68.98M	0	0	0	234.26M	-45.3M	0
Other Investing	-283.2M	-253.47M	-266.14M	-359.78M	-320.73M	52.88M	-164.75M	-983.01M	-474.9M	-69.92M
Cash from Financing+	-235.6M	-124.05M	225.01M	-109.36M	71.44M	654.18M	528.99M	-114.2M	230.9M	-284.41M
Dividends Paid	-6.71M	-6.4M	-9.4M	-16.62M	-23.53M	-24.82M	-26.89M	-30.45M	-39.64M	-42.95M
Share Repurchases	-175.05M	-93.57M	-93.57M	772K	0	-19.48M	-36.4M	0	0	0
Stock Issued	96K	0	-8.29M	-772K	-3.44M	0	0	-379K	-917K	3.56M
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	-1000K	1000K	1000K	-1000K	-1000K	1000K	1000K	-1000K	-1000K
Other Financing	-56.81M	-22.74M	152.25M	-238.26M	192.4M	906.14M	552.28M	-468.37M	316.46M	44.98M
Net Change in Cash+	-90.89M	-13.36M	104.63M	-137.81M	634K	495.38M	234.66M	-651.7M	-6.19M	-64.48M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	256.98M	166.09M	152.74M	257.36M	119.56M	120.19M	615.57M	850.22M	198.52M	192.33M
Cash at End	166.09M	152.74M	257.36M	119.56M	120.19M	615.57M	850.22M	198.52M	192.33M	127.85M
Interest Paid	13.75M	14.15M	17.31M	22.71M	34.46M	27.62M	16.64M	18.6M	124.43M	189.97M
Income Taxes Paid	7.42M	2.19M	127K	2.35M	9.27M	22.11M	15.39M	11.3M	32.85M	20.84M
Free Cash Flow+	-42.71M	-3.94M	52.52M	67.3M	33.04M	-10.56M	179.5M	202.2M	130.1M	120.68M
FCF Growth %	-8.84%	0.91%	14.34%	0.28%	-0.51%	-1.32%	17.99%	0.13%	-0.36%	-0.07%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	0.69%	4%	2.73%	10.01%	10.99%	11.16%	11.27%	7.38%	12.33%	9.44%
Return on Assets (ROA)	0.1%	0.5%	0.31%	1.17%	1.39%	1.41%	1.35%	0.85%	1.46%	1.2%
Net Interest Margin	3.32%	3.17%	3.02%	3.48%	3.46%	2.88%	2.58%	2.78%	3.6%	3.5%
Efficiency Ratio	83.12%	67.83%	67.12%	64.8%	55.88%	57.03%	60.97%	59.38%	42.67%	41.97%
Equity / Assets	13.18%	11.72%	10.99%	12.24%	13.01%	12.32%	11.65%	11.41%	12.19%	13.31%
Book Value / Share	20.05	19.52	19.71	22.11	24.32	26.41	27.04	33.42	31.82	33.97
NII Growth	-7.87%	-6.96%	0.98%	34.95%	3.35%	-6.01%	-2.86%	42.67%	34.95%	-4.22%
Dividend Payout	137.49%	27.75%	64.48%	27.05%	29.28%	28.01%	28.72%	42.72%	27.91%	36.14%

Revenue by Segment

	2018	2019	2020	2022	2023	2024
Service charges and other fees	-	-	-	18.77M	-	21.61M
Service charges and other fees Growth	-	-	-	-	-	-
Bank card fees	-	-	-	18.3M	19.64M	18.96M
Bank card fees Growth	-	-	-	-	7.31%	-3.43%
Other Non-Interest income	-	-	-	-	-	5.61M
Other Non-Interest income Growth	-	-	-	-	-	-
Service charges	-	-	-	-	18.23M	-
Service charges Growth	-	-	-	-	-	-
Credit And Debit Card	14.49M	14.6M	15.45M	-	-	-
Credit And Debit Card Growth	-	0.73%	5.83%	-	-	-
Bank Servicing	18.09M	17.89M	14.96M	-	-	-
Bank Servicing Growth	-	-1.09%	-16.39%	-	-	-

Frequently Asked Questions

Valuation & Price

National Bank Holdings Corporation (NBHC) has a price-to-earnings (P/E) ratio of 12.9x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

National Bank Holdings Corporation (NBHC) grew revenue by 7.4% over the past year. This is steady growth.

Yes, National Bank Holdings Corporation (NBHC) is profitable, generating $119.5M in net income for fiscal year 2024 (20.0% net margin).

Dividend & Returns

Yes, National Bank Holdings Corporation (NBHC) pays a dividend with a yield of 2.81%. This makes it attractive for income-focused investors.

National Bank Holdings Corporation (NBHC) has a return on equity (ROE) of 9.4%. This is below average, suggesting room for improvement.

Industry Metrics

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 42.0%. This is excellent, indicating strong cost control.

US Stock Screener

...