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National Bank Holdings Corporation(NBHC)Earnings, Financials & Key Ratios
NBHC•NYSE•Banking & Credit
$45.25
15.9× P/E·Price updated Jun 27, 2026
SectorFinancial ServicesIndustryRegional BanksSub-IndustryCommercial and middle-market focused 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$347M+0.9%
- Total Revenue$584M-1.7%
- Net Income$110M-7.8%
- Return on Equity8.15%-13.7%
- Net Interest Margin3.51%+0.1%
- Efficiency Ratio44.74%+6.6%
- ROA1.11%-7.5%
- Equity / Assets14.01%+5.3%
- Book Value per Share36.28+6.8%
NBHC Price & Volume
National Bank Holdings Corporation (NBHC) stock price & volume — 10-year historical chart
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Inorganic Asset Growth Challenges Core Margin Stability
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Mixed
Profitability:Moderate
Financial Position:Healthy
Cash Flow:Mixed
Primary Risk:CRE concentration and funding
"National Bank Holdings Corporation has successfully scaled its asset base to $12.6 billion as of 2026Q1 through aggressive inorganic expansion, yet this strategy has struggled to translate into meaningful margin improvement, with NIM remaining anchored at 0.9%. While the bank maintains a stable equity-to-assets ratio of 0.13, the heavy reliance on a $10.9 billion investment securities portfolio creates significant duration sensitivity and liquidity management challenges. Investors should monitor the volatility in the efficiency ratio, which spiked to 54.7% in 2026Q1, as the bank attempts to integrate acquisitions while navigating persistent credit provisioning uncertainty."
Verdict Logic
while the bank has grown assets to $12.6 billion, the persistent 0.9% NIM and high efficiency ratio of 54.7% suggest that the current valuation of 1.25x P/B may not fully account for the risks inherent in its securities-heavy balance sheet.
NBHC Growth Metrics
National Bank Holdings Corporation (NBHC) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years10.96%
5 Years10.53%
3 Years19%
TTM-
Profit CAGR
10 Years36.5%
5 Years4.34%
3 Years15.41%
TTM-4.87%
EPS CAGR
10 Years35.17%
5 Years0%
3 Years9.34%
TTM-4.83%
Return on Capital
10 Years7.86%
5 Years8.23%
3 Years7.56%
Last Year3.58%
NBHC Recent Earnings
National Bank Holdings Corporation (NBHC) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 8/12 qtrs (67%)●Beat Revenue 2/12 qtrs (17%)
Q2 2026Latest
Apr 21, 2026Metric
Actual
Est
EPS
$0.72+22.0%
$0.59
Rev
$127M-3.4%
$131M
Q1 2026
Jan 27, 2026Metric
Actual
Est
EPS
$0.60-31.0%
$0.87
Rev
$101M-6.4%
$107M
Q4 2025
Oct 21, 2025Metric
Actual
Est
EPS
$0.96+6.7%
$0.90
Rev
$108M-0.3%
$108M
Q3 2025
Jul 22, 2025Metric
Actual
Est
EPS
$0.88+7.3%
$0.82
Rev
$103M-7.7%
$112M
| 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% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for National Bank Holdings Corporation (NBHC)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $45.25 | $1.73B | 15.88 | -1.75% | 18.76% | 8.15% | 2.67% | |
| $36.23 | $746.56M | 11.08 | -0.3% | 22.54% | 14.15% | — | |
| $35.24 | $5.05B | 19.91 | 11.71% | 31.14% | 14.2% | — | |
| $22.46 | $3.05B | 14.78 | -2.33% | 32.4% | 9.16% | — | |
| $22.93 | $3.33B | -7.77 | -56.66% | -63.53% | -10.51% | — | |
| $139.10 | $8.45B | 15.15 | -1.07% | 18.3% | 10.31% | — |
Compare NBHC vs Peers
National Bank Holdings Corporation (NBHC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
NBHC SEC Filings & Documents
National Bank Holdings Corporation (NBHC) SEC filings — annual & quarterly reports (10-K, 10-Q)
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NBHC Frequently Asked Questions
National Bank Holdings Corporation (NBHC) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
How fast is National Bank Holdings Corporation growing?
National Bank Holdings Corporation (NBHC) saw revenue decline by 1.7% over the past year.
Is NBHC profitable?
Yes, National Bank Holdings Corporation (NBHC) is profitable, generating $106.1M in net income for fiscal year 2025 (18.8% net margin).
Dividend & Returns
Does NBHC pay dividends?
Yes, National Bank Holdings Corporation (NBHC) pays a dividend with a yield of 2.67%. This makes it attractive for income-focused investors.
What is NBHC's return on equity?
National Bank Holdings Corporation (NBHC) has a return on equity (ROE) of 8.1%. This is below average, suggesting room for improvement.
Industry Metrics
What is National Bank Holdings Corporation's net interest margin?
National Bank Holdings Corporation (NBHC) has a net interest margin (NIM) of 3.5%. This indicates healthy earnings from lending activities.
What is National Bank Holdings Corporation's efficiency ratio?
National Bank Holdings Corporation (NBHC) has an efficiency ratio of 44.7%. This is excellent, indicating strong cost control.