National Bank Holdings Corporation (NBHC) Revenue History
Annual and quarterly revenue from 2009 to present
NBHC Revenue Over Time (2009–2025)
NBHC Revenue Growth History
11 of 16 years with positive growth- FY2009 revenue growth
- N/A
- FY2010 revenue growth
- +4757.6%
- FY2011 revenue growth
- +875.9%
- FY2012 revenue growth
- +18.3%
- FY2013 revenue growth
- -15.9%
- FY2014 revenue growth
- +2.6%
- FY2015 revenue growth
- -11.3%
- FY2016 revenue growth
- -2.9%
- FY2017 revenue growth
- +1.6%
- FY2018 revenue growth
- +43.5%
- FY2019 revenue growth
- +12.2%
- FY2020 revenue growth
- +8.0%
- FY2021 revenue growth
- -13.5%
- FY2022 revenue growth
- +13.2%
- FY2023 revenue growth
- +59.7%
- FY2024 revenue growth
- +7.4%
- FY2025 revenue growth
- -1.7%
| Quarter | Revenue | YoY |
|---|---|---|
| Q4 2025 | $140.8M | — |
| Q3 2025 | $151.9M | — |
| Q2 2025 | $147.0M | — |
| Q1 2025 | $144.2M | — |
| Q4 2024 | $145.9M | — |
| Q3 2024 | $155.2M | — |
| Q2 2024 | $145.1M | — |
| Q1 2024 | $148.1M | — |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2025)
NBHC's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
NBHC Revenue Analysis (2009–2025)
Current Revenue & Growth
As of June 13, 2026, National Bank Holdings Corporation (NBHC) generated trailing twelve-month (TTM) revenue of $583.9 million, reflecting slight decline in growth of -3.5% year-over-year. The most recent quarter (Q4 2025) recorded $140.8 million in revenue, down 7.3% sequentially.
Historical Growth Trajectory
NBHC's 5-year compound annual growth rate (CAGR) stands at +10.5%, indicating consistent double-digit revenue growth. The 3-year CAGR of +19.0% exceeds the 5-year average, indicating an acceleration in the most recent period. National Bank Holdings Corporation's highest annual revenue of $594.3 million was recorded in 2024.
Revenue by Segment
NBHC's revenue is primarily driven by Service charges and other fees (50%), Bank card fees (38%), and Other Non-Interest income (12%). With over half of revenue concentrated in Service charges and other fees, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Financial Services sector peers — including IBCP, FFIN, and CVBF. Compare NBHC vs IBCP →
NBHC Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
 NBHCCurrent | $584M | -3.5% | +10.5% | 24.4% | |
 IBCP | $315M | - | - | 25.8% | |
 FFIN | $826M | - | - | 37.5% | |
 CVBF | $643M | - | - | 43.8% | |
 SFNC | $627M | - | - | -84.2% | |
 BOKF | $3.3B | - | - | 21.4% |
NBHC Historical Revenue Data (2009–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $583.9M | - | $404.0M | 69.2% | $142.7M | 24.4% |
| 2024 | $594.3M | - | $394.7M | 66.4% | $145.2M | 24.4% |
| 2023 | $553.6M | - | $411.8M | 74.4% | $175.6M | 31.7% |
| 2022 | $346.5M | - | $291.9M | 84.2% | $86.2M | 24.9% |
| 2021 | $306.2M | - | $301.6M | 98.5% | $115.0M | 37.6% |
| 2020 | $353.9M | - | $311.2M | 87.9% | $109.4M | 30.9% |
| 2019 | $327.8M | - | $279.4M | 85.2% | $96.2M | 29.3% |
| 2018 | $292.2M | - | $263.0M | 90.0% | $73.7M | 25.2% |
| 2017 | $203.6M | - | $172.5M | 84.7% | $35.9M | 17.6% |
| 2016 | $200.4M | - | $162.0M | 80.8% | $26.0M | 13.0% |
| 2015 | $206.3M | - | $179.4M | 87.0% | $7.9M | 3.8% |
| 2014 | $232.6M | - | $211.9M | 91.1% | $12.3M | 5.3% |
| 2013 | $226.7M | - | $205.9M | 90.8% | $10.9M | 4.8% |
| 2012 | $269.7M | - | $212.5M | 78.8% | $4.0M | 1.5% |
| 2011 | $228.0M | - | $166.3M | 72.9% | $69.4M | 30.4% |
What if you invested $1,000 in NBHC back in 2009?
Total return with dividends reinvested · 17+ years of data
Calculate ReturnsHow much would $100/month in NBHC be worth today?
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Run the NumbersIs NBHC Undervalued Right Now?
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Compare NowNBHC — Frequently Asked Questions
Quick answers to the most common questions about buying NBHC stock.
Is NBHC's revenue growth accelerating or slowing?
NBHC revenue growth is slowing. TTM revenue is $584M, up -3.5% year-over-year — below the 5-year CAGR of +10.5%. The deceleration suggests maturing end-markets or increased competition.
What is NBHC's revenue history from 2009 to 2026?
National Bank Holdings Corporation (NBHC) revenue history spans 2009 to 2026. TTM revenue as of 2026 is $584M, growing at -3.5% YoY. The 5-year CAGR is +10.5%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is NBHC's long-term revenue growth rate (CAGR)?
National Bank Holdings Corporation's 5-year revenue CAGR of +10.5% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of -3.5% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for NBHC.
Why does NBHC's quarterly revenue fluctuate?
NBHC quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. National Bank Holdings Corporation's revenue data from 2009 to 2026 shows full historical quarterly detail on this page.
How is NBHC's revenue distributed by segment?
NBHC reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does NBHC's revenue compare to industry peers?
National Bank Holdings Corporation (NBHC) with TTM revenue of $584M and -3.5% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.