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National Bank Holdings Corporation NBHC R2K

Financial Services · Banks - Regional · United States
https://www.nationalbankholdings.com

National 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, health savings, 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 hospitality, office buildings, warehouse/distribution buildings, multi-family, and retail buildings; small business administration loans to support small businesses and entrepreneurs; 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 positive pay and other auxiliary services, including account reconciliation, collections, repurchase accounts, zero balance accounts, and sweep accounts. The company operates through a network of banking centers located in Colorado, the greater Kansas City region, Texas, Utah, Wyoming, New Mexico and Idaho. It also operates ATMs. The company was formerly known as NBH Holdings Corp. and changed its name to National Bank Holdings Corporation in March 2012. The company was incorporated in 2009 and is headquartered in Greenwood Village, Colorado.

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$41.83
+19.41% 1Y

Market & Price

Market Cap
$1.87B
Current Price
$41.83
High / Low (52W)
$42.94 / $34.52
Beta
0.80

Valuation

Stock P/E
15.61
Industry PE
12.01
Forward P/E
10.13
PEG Ratio
1.57
Book Value
$36.67
Price to Book
1.14
P/S
4.37
EV/EBITDA
-
Dividend Yield
3.06%

Profitability & Returns

ROCE
-
ROE
7.09%
ROA
0.94%
Profit Margin
24.73%
Op Margin
24.24%
EPS (Latest Qtr)
$0.46
EPS (TTM)
$2.68

Balance Sheet & Liquidity

Debt/Equity
-
Quick Ratio
-
Current Ratio
-
Debt
$228.38M
Total Assets
$9.88B
Current Assets
-
Working Capital
-

Ownership

Promoter Holding
5.66%
Chg in Prom Hold
-
FII / Inst Holding
95.05%
Chg in FII Hold
-

Financial Snapshot

Enterprise Value
$1.60B
Total Revenue (TTM)
$429.18M
EBITDA
-
Free Cash Flow
-
Operating Cash Flow
$65.96M
Shares Outstanding
44.79M
Gross Margin
0.00%
Payout Ratio
45.90%

Growth (CAGR)

Revenue 5Y
7.79%
Profit 5Y
15.41%
Revenue (YoY)
33.70%
Earnings (YoY)
-27.10%

PROS

  • Excellent profit margin of 24.7%.
  • Profit CAGR of 15.4% over 5 years.
  • Attractive dividend yield of 3.06%.
  • In a confirmed uptrend (50-DMA above 200-DMA).

CONS

No notable concerns flagged.

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Financial Services).

#NameCMP $P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 NBHC National Bank Holdings Corporation R2K 41.83 15.61 $1.87B 3.06% - 7.09% 7.79% 15.41%
2 JPM JPMorgan Chase & Co. SPX 299.31 14.33 $802.00B 2.00% - 16.47% 12.50% 14.83%
3 V Visa Inc. SPX 326.36 28.48 $620.65B 0.82% 38.38% 60.35% 10.92% 10.28%
4 MA Mastercard Incorporated SPX 493.98 28.57 $436.47B 0.70% 61.47% - 13.82% 14.66%
5 MS Morgan Stanley SPX 208.00 18.84 $328.08B 1.92% - 16.39% 9.52% 15.20%
6 GS The Goldman Sachs Group, Inc. SPX 1,025.56 18.73 $302.55B 1.76% - 14.55% 7.16% 15.11%
7 WFC Wells Fargo & Company SPX 77.54 11.98 $237.29B 2.32% - 12.03% 4.02% 15.98%
8 BLK BlackRock, Inc. SPX 1,046.88 26.32 $162.51B 2.19% 4.89% 11.90% 10.65% 2.36%
9 SCHW The Charles Schwab Corporation SPX 87.35 17.37 $151.91B 1.47% - 19.08% 4.83% 7.21%
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Quarterly Results

Figures in USD.

Metric Jun 2015Sep 2015Dec 2015Mar 2016Jun 2016Sep 2016Dec 2016Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019Dec 2019Mar 2020Jun 2020Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Mar 2022Jun 2022Sep 2022Mar 2023Jun 2023Sep 2023Mar 2024Jun 2024Sep 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue ---------------17.05M---23.53M------8.30M8.50M9.55M10.07M13.41M12.98M11.01M11.69M12.06M100.96M103.21M107.86M99.55M125.70M
Cost of Revenue ----------------------------------------
Gross Profit ----------------------------------------
Operating Expenses ----------------------------------------
Operating Income ----------------------------------------
EBITDA ----------------------------------------
Interest Expense -----------------------------------43.27M43.81M44.04M40.15M50.35M
Pretax Income -----------------------------------29.85M41.54M43.15M19.09M25.94M
Tax Provision -----------------------------------5.62M7.52M7.86M3.05M5.15M
Net Income -1.34M1.64M3.34M251.00K4.50M8.31M9.99M8.26M9.21M7.23M-10.12M8.46M17.51M18.24M17.23M18.92M20.28M21.64M19.52M15.82M17.70M27.89M27.17M26.81M24.20M19.82M18.35M20.36M15.84M40.28M32.56M36.09M31.39M26.14M33.10M24.23M34.02M35.28M16.04M20.79M
Diluted EPS -0.040.050.110.010.150.300.360.300.330.26-0.370.270.560.580.550.600.640.690.620.500.570.900.870.860.770.640.600.670.501.060.850.940.820.680.860.630.880.920.420.46

Profit & Loss (Annual)

Figures in USD.

Metric Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Revenue ----------32.36M-328.67M420.10M401.43M411.58M
Cost of Revenue ----------------
Gross Profit ----------------
Operating Expenses ----------------
Operating Income ----------------
EBITDA ----------------
Interest Expense ------------17.85M133.46M192.88M171.27M
Pretax Income ------------86.18M175.60M145.25M133.63M
Tax Provision ------------14.91M33.55M26.43M24.05M
Net Income 6.05M41.96M-543.00K6.93M9.18M4.88M23.06M14.58M61.45M80.36M88.59M-71.27M142.05M118.81M109.57M
Diluted EPS 0.110.81-0.010.140.220.140.790.531.952.552.85-2.183.723.082.85

Compounded Sales Growth

5 Years:7.79%
1 Year:33.70%

Compounded Profit Growth

5 Years:15.41%
1 Year:-27.10%

Stock Price Performance

1 Year:+19.41%
6 Months:+12.72%
3 Months:+5.41%
1 Month:-0.16%

Balance Sheet (Annual)

Figures in USD.

Metric Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Total Assets --6.35B5.41B4.91B4.82B4.68B4.57B4.84B5.68B5.90B6.66B-9.57B9.95B9.81B9.88B
Current Assets -----------------
Cash & Equivalents 1.10B1.91B1.63B769.18M189.46M256.98M166.09M152.74M257.36M109.56M110.19M605.57M-195.50M190.83M127.85M417.06M
Inventory -----------------
Receivables -----------------
Total Liabilities --5.26B4.32B4.02B4.03B4.07B4.04B4.31B4.98B5.13B5.84B-8.48B8.74B8.50B8.50B
Current Liabilities -----------------
Long Term Debt -------------438.89M394.20M104.51M54.54M
Total Debt -------------438.89M394.20M104.51M54.54M
Total Equity 1.10B993.76M1.09B1.09B897.79M794.58M617.54M536.19M532.41M695.01M766.92M820.69M-1.09B1.21B1.31B1.39B
Shares Outstanding -------------51.32M51.25M51.20M51.18M

Cash Flows (Annual)

Figures in USD.

Metric Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Operating Cash Flow -19.07M-19.16M-130.84M-25.58M-2.76M-37.63M-3.94M58.14M73.57M44.24M-6.21M-214.63M166.94M155.27M162.42M
Investing Cash Flow 1.17B205.45M132.33M-80.49M196.84M182.34M114.63M-178.52M-102.02M-115.05M-152.59M--752.14M-404.03M64.66M186.49M
Financing Cash Flow -346.54M-465.89M-860.45M-473.65M-126.56M-235.60M-124.05M225.01M-109.36M71.44M654.18M--114.20M230.90M-284.41M-59.70M
Capital Expenditure -950.00K-21.82M-41.08M-6.80M-1.58M-5.08M-------12.43M-36.83M-34.59M-29.92M
Free Cash Flow -20.02M-40.98M-171.91M-32.38M-4.35M-42.71M------202.20M130.10M120.68M132.50M
Net Change in Cash -------------651.70M-6.19M-64.48M289.21M
Share Buybacks ----119.37M175.05M93.57M---19.48M36.40M---15.17M
Dividends Paid -02.62M10.14M8.51M6.71M6.40M9.40M16.62M23.53M24.82M26.89M30.45M39.64M42.95M46.05M

Ratios (Annual)

Figures in %.

Metric Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Gross Margin % ----------------
Operating Margin % ----------------
Net Margin % ----------273.8%-21.7%33.8%29.6%26.6%
ROE % 0.6%3.9%-0.0%0.8%1.2%0.8%4.3%2.7%8.8%10.5%10.8%-6.5%11.7%9.1%7.9%
ROCE % ----------------

Shareholding Pattern

Insiders
5.66%
Institutions
95.05%
Public Float
100.75%

Top Institutional Holders

#Holder% HeldSharesValue
1 Blackrock Inc. 12.31% 5.51M $230.60M
2 Vanguard Portfolio Management LLC 5.78% 2.59M $108.32M
3 William Blair Investment Management, LLC 5.53% 2.47M $103.52M
4 Wellington Management Group, LLP 5.01% 2.24M $93.87M
5 State Street Corporation 4.86% 2.18M $91.08M
6 Dimensional Fund Advisors LP 4.69% 2.10M $87.88M
7 Vanguard Capital Management LLC 4.12% 1.85M $77.25M
8 Charles Schwab Investment Management, Inc. 3.45% 1.54M $64.61M
9 Westwood Holdings Group Inc. 3.17% 1.42M $59.44M
10 T. Rowe Price Investment Management, Inc. 2.62% 1.18M $49.17M

Analyst View

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