National Bank Holdings Corporation NBHC

40.17 0.16 0.40% as of 25 Sep
Market cap
$1.8B
P/E
16.9×
Growth Flags show if company had growth for consecutive years,
Insider Buys alert about insiders buying in the last 12 month

Insider Decisions

Total buys 1.00
Total sells 0.27
in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy — — — — 1 — — — — — — —
Sell — 1 — — — — — 1 — — — —
Insider Ownership 8.14%

Capital & Financial Ratios

Market Cap 1,780.00
Revenue 652.61
Net Income 98.60
Free Cash Flow 145.21
Net Debt (53.69)
Current Ratio 0.97
Debt/Equity 0.20
P/E ratio 16.88
P/S ratio 2.75
P/B ratio 1.07
Past 5Y EPS Growth 3.91%
This Y EPS Growth 7.92%
Next Y EPS Growth 19.61%
Next 5Y EPS Growth 10.87%
in millions of $

Dividends

Payout Ratio 0.35
Annual Dividend Rate 1.04
Annual Dividend Yield 3.21%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 1.28
0.32
0.32
0.32
2025 1.20
0.29
0.30
0.30
0.31
2024 1.12
0.27
0.28
0.28
0.29
2023 1.04
0.25
0.26
0.26
0.27
2022 0.94
0.23
0.23
0.23
0.25
2021 0.87
0.21
0.22
0.22
0.22
2020 0.80
0.20
0.20
0.20
0.20
2019 0.75
0.17
0.19
0.19
0.20
2018 0.54
0.09
0.14
0.14
0.17
2017 0.34
0.07
0.09
0.09
0.09
2016 0.22
0.05
0.05
0.05
0.07
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

2023 2024 2025 Q'26
Cash 191 128 417 381
Receivables — — — —
Inventory — — — —
Other — — — —
7,810 7,809 7,789 10,071
2023 2024 2025 Q'26
Payables 8,190 8,238 8,293 10,389
ST’ Debt — — — —
Other — — — —
8,210 8,257 8,310 10,410
in millions of $

Compound Annual Growth

10y 5y 3y
Sales 11.78% 10.39% 18.61%
Cash Flow 0.00% 0.00% (8.87%)
Earnings 36.50% 4.34% 15.50%
Book Value 8.41% 11.04% 8.24%

Revenue

Mar Jun Sep Dec Year
’26 177 182 — — —
’25 145 148 153 141 587
’24 149 146 156 147 599
’23 128 135 145 151 559
’22 69 76 90 118 352
’21 83 74 79 76 311
’20 82 93 97 87 358
in millions of $ · fiscal quarters ending in the months shown

Operating Cash Flow

Mar Jun Sep Dec Year
’26 (57) 135 — — —
’25 40 32 52 38 162
’24 30 32 47 46 155
’23 (19) 93 48 45 167
’22 49 78 54 34 215
’21 8 126 11 35 180
’20 26 (40) (46) 54 (6)
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

Mar Jun Sep Dec Year
’26 (62) 131 — — —
’25 29 27 46 30 132
’24 24 19 39 38 121
’23 (25) 83 40 32 130
’22 49 68 54 31 202
’21 11 136 10 31 185
’20 24 (41) (47) 54 (11)
in millions of $ · fiscal quarters ending in the months shown

EPS

Mar Jun Sep Dec Year
’26 0.46 0.58 — — —
’25 0.63 0.88 0.92 0.42 2.85
’24 0.82 0.68 0.86 0.73 3.08
’23 1.06 0.85 0.94 0.87 3.72
’22 0.60 0.67 0.50 0.44 2.18
’21 0.86 0.77 0.64 0.74 3.01
’20 0.50 0.57 0.90 0.87 2.85
fiscal quarters ending in the months shown

Target Price Range

Analyst price targets

Recommendation Rating

2
1Buy 2 3Hold 4 5Sell
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
18.41 30.10 29.26 30.42 20.25 32.14 36.04 26.48 32.13 32.83

Analyst estimates 2026–2028

Powerpack
Low Price
32.28 37.08 41.44 38.92 37.15 46.52 50.00 44.50 51.76 44.93
High Price
1,004 963 1,332 1,298 1,224 1,154 1,322 1,274 1,309 1,302
Employees
0 0 0 0 0 0 0 0 0 0
Revenue/Emp
200 204 292 325 358 311 352 559 599 587
Revenue
92.61% 91.10% 91.80% 88.70% 93.01% 95.56% 94.93% 76.14% 67.83% 70.84%
Gross Margin
26 36 74 96 109 115 86 176 145 134
EBT
12.97% 17.61% 25.22% 29.57% 30.54% 36.93% 24.48% 31.39% 24.23% 22.75%
EBT Margin
23 15 61 80 89 94 71 142 119 110
Net Income
17 15 15 18 18 18 18 23 23 25
Depreciation
7.08 7.56 9.50 10.44 11.61 10.13 10.88 14.74 15.69 15.47
Revenue/Sh
0.81 0.54 2.00 2.57 2.87 3.04 2.20 3.74 3.10 2.86
Earnings/Sh
(0.14) 2.16 2.39 1.42 (0.20) 5.84 6.63 4.40 4.06 4.28
Cash Flow/Sh
0.02 (0.21) (0.20) (0.36) (0.14) 0.17 (0.38) (0.97) (0.91) (0.79)
Capex/Sh
(0.11) 1.95 2.19 1.06 (0.34) 6.01 6.25 3.43 3.16 3.49
Free CF/Sh
18.94 19.77 22.60 24.60 26.60 27.34 33.75 31.97 34.15 36.48
Book Value/Sh
28 27 31 31 31 31 32 38 38 38
Shares
38.05 58.69 15.44 13.70 11.41 14.45 19.12 9.92 13.94 13.29
PE Ratio
4.51 4.27 3.25 3.37 2.82 4.34 3.92 2.52 2.74 2.46
PS Ratio
1.69 1.63 1.37 1.43 1.23 1.61 1.26 1.16 1.26 1.04
PB Ratio
3.94 3.64 3.91 3.67 1.19 1.75 4.61 2.88 2.71 1.84
EV/Sales
(243.63) 14.11 16.96 36.18 (40.35) 2.89 8.03 12.38 13.44 8.15
EV/FCF
(4) 58 74 44 (6) 180 215 167 155 162
Op' Cash Flow
1 (6) (6) (11) (4) 5 (12) (37) (35) (30)
Capex
(3) 53 67 33 (11) 185 202 130 121 132
FCF
(952) (700) (387) (190) (552) (802) (544) (400) (448) (521)
Working Cap'
39 129 302 208 21 39 439 394 105 55
Total Debt
(114) (128) 192 97 (585) (806) 243 203 (23) (363)
Net Debt
536 532 695 767 821 840 1,092 1,213 1,305 1,385
Sh' Equity
0.50% 0.31% 1.17% 1.39% 1.41% 1.35% 0.85% 1.46% 1.20% 1.11%
ROA
3.85% 5.55% 5.19% 6.96% 28.96% 212.04% 4.03% 7.75% 7.08% 8.17%
ROIC
4.00% 2.73% 10.01% 10.99% 11.16% 11.27% 7.36% 12.33% 9.44% 8.15%
ROE
predictions in italic, sparklines do not include predictions

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

National Bank Holdings Corporation peers in Banks Regional

All 325 Banks Regional stocks →

National Bank Holdings Corporation (NBHC) key facts

  • National Bank Holdings Corporation (NBHC) is a Banks Regional company in the Financial sector, listed on the New York Stock Exchange.
  • National Bank Holdings Corporation’s revenue for fiscal 2025 (year ended December 2025) was $587.3 million, down 2.03% from fiscal 2024.
  • Net income was $109.6 million, or $2.86 per share (basic), a net margin of 18.7%.
  • As of September 25, 2026, NBHC traded at $40.17, a market capitalization of $1.8 billion.
  • At that price the stock trades at 16.9× trailing-twelve-month earnings and 2.7× sales.
  • National Bank Holdings Corporation pays an annual dividend of $1.04 per share, a yield of 3.21%, with a payout ratio of 35.1%.
  • Return on equity was 8.15% and debt-to-equity 0.20.

Source: company filings (standardised) and stockrow calculations.

National Bank Holdings Corporation (NBHC) Latest News

News by impact score

Fine-tune

22 Jul

4

National Bank Holdings Corp reported record loan production during its Q2 2026 earnings call. Record loan production signals strong growth and improved operational performance for National Bank Holdings Corporation.

4

National Bank Holdings Corporation reported Q2 earnings highlights including financial results and operational updates. Q2 earnings results directly shape near-term valuation and investor sentiment for NBHC.

3 transcript

National Bank Holdings Corporation held Q2 2026 earnings call covering financial results, operational updates and forward outlook. Quarterly earnings data and guidance typically shift near-term valuation and sentiment without altering long-term strategy.

21 Jul

3

NBHC reported Q2 earnings and revenues that missed analyst estimates. Earnings and revenue miss signals weaker quarterly results likely to pressure near-term stock performance.

3

National Bank Holdings Corporation missed Q2 CY2026 sales expectations. Missing quarterly sales targets can pressure near-term stock price and investor sentiment for National Bank Holdings Corporation.

20 Jul

3

National Bank Holdings (NBHC) prepares to release Q2 earnings, with focus on anticipated financial metrics, revenue, and profitability indicators that shape investor views. Q2 earnings expectations can moderately shift near-term investor sentiment and stock valuation for National Bank Holdings.

10 Jun

3

National Bank Holdings (NBHC) Q1 results are benchmarked against other regional banks, highlighting performance metrics and sector positioning. Q1 benchmarking provides moderate insight into NBHC's relative financial performance.

1 May

4

National Bank Holdings Corporation (NBHC) missed earnings expectations and paused its share buyback program, prompting debate on whether this signals a shift in its capital allocation strategy. Earnings miss combined with buyback pause represents a major strategic shift in capital allocation that could significantly impact financial performance and investor sentiment.

28 Apr

3

National Bank Holdings Corporation’s Q1 earnings call spotlighted five must-read analyst questions addressing key performance metrics, strategic outlook, and operational challenges. Analyst questions from Q1 earnings call probe financial results and future strategy, influencing investor sentiment moderately.

24 Apr

4

National Bank Holdings Corporation (NBHC) released Q1 earnings call highlights covering financial results, loan growth, deposit trends, and forward guidance. Q1 earnings highlights detail financial performance, net interest margins, and outlook, significantly impacting NBHC's stock valuation and investor sentiment.

23 Apr

4

National Bank Holdings Corp (NBHC) reported record loan originations in Q1 2026 earnings call highlights, signaling strong lending growth and positive financial performance. Record loan originations reflect major growth in core banking activities, poised to significantly enhance NBHC's revenue trajectory and investor confidence.

4

National Bank Holdings Corporation (NBHC) delivered strong Q1 results featuring loan growth, seamless acquisition integration, and margin expansion, collectively shaping a positive future outlook. Loan growth, acquisition integration, and margin expansion represent major strategic achievements boosting NBHC's financial trajectory and investor sentiment.

22 Apr

4 transcript

National Bank Holdings Corporation (NBHC) released the transcript of its Q1 2026 earnings call. Q1 2026 earnings transcript details financial results, guidance, and strategy, significantly shaping investor expectations and stock trajectory.

3

National Bank Holdings Corporation (NBHC) reported mixed Q1 2026 earnings results, leading to a reassessment of its valuation amid concerns over performance metrics and future outlook. Mixed Q1 earnings directly impact NBHC's financial performance and investor sentiment but are balanced by broader market factors.

3

National Bank Holdings Corporation released Q1 2026 earnings call summary, covering financial results, loan growth, deposit trends, net interest margin, credit quality, and outlook amid economic conditions. Quarterly earnings highlights affect financial metrics and market sentiment but remain routine without transformative shifts.

21 Apr

4

National Bank Holdings Corporation announced first quarter 2026 financial results. Quarterly earnings releases provide critical financial data that significantly influence NBHC's stock price, investor sentiment, and market trajectory.

3

National Bank Holdings Corporation (NBHC) reported first-quarter earnings that beat analyst estimates. Beating Q1 earnings estimates positively affects NBHC's financial performance and market sentiment but remains limited to quarterly results.

3

National Bank Holdings (NYSE:NBHC) missed Q1 CY2026 sales expectations. Missing Q1 CY2026 sales expectations signals weaker revenue performance, moderately impacting NBHC's financial results and market sentiment.

20 Apr

3

Analysts preview National Bank Holdings Corporation (NBHC) Q1 earnings, forecasting revenue growth, EPS, net interest margins, loan trends, deposit levels, and expense management amid economic pressures. Q1 earnings expectations directly influence near-term financial performance perceptions and stock sentiment.

11 Feb

4

National Bank Holdings Corporation (NBHC) is highlighted as a strong long-term investment option, emphasizing its solid fundamentals and growth potential. The article contrasts NBHC with two other bank stocks that are deemed less favorable for long-term holding. Factors contributing to NBHC's positive outlook include its strategic positioning and financial performance, which are expected to benefit from ongoing market trends. NBHC's strong fundamentals and growth potential indicate significant impact on its future performance and market positioning.

3

National Bank Holdings Corporation (NBHC) has successfully closed its offering of subordinated notes, raising $100 million. The notes will mature in 2033 and are intended to enhance the bank's capital position. The offering was well-received, reflecting strong investor interest and confidence in NBHC's financial stability and growth prospects. The successful closing of the subordinated notes offering is expected to moderately enhance NBHC's capital position and financial flexibility.

5 Feb

4

National Bank Holdings Corporation (NBHC) is highlighted as a top dividend stock for February 2026, showcasing its strong financial performance and commitment to returning value to shareholders. The bank's consistent dividend payments and growth potential make it an attractive option for investors seeking reliable income. Analysts emphasize the importance of NBHC's strategic initiatives and market positioning, which contribute to its favorable outlook in the competitive banking sector. Strong financial performance and strategic initiatives are likely to significantly impact future market positioning and investor sentiment.

4 Feb

3

National Bank Holdings Corporation (NBHC) is highlighted among three stocks trading at discounts of up to 44%. Analysts suggest that NBHC's current valuation may not reflect its underlying growth potential, making it an attractive investment opportunity. The article emphasizes the importance of evaluating market conditions and company fundamentals when considering such investments. The potential undervaluation of NBHC could moderately influence its market performance and investor sentiment.

3 Feb

3 transcript

National Bank Holdings Corporation's Q4 earnings call featured five notable analyst questions that highlighted key areas of interest for the bank's future performance. Discussions included insights on financial strategies, market positioning, and potential growth opportunities, reflecting analysts' focus on the bank's operational effectiveness and competitive landscape. The call provided a platform for management to address concerns and outline future directions, emphasizing the importance of strategic initiatives in navigating market challenges. Analyst questions during the earnings call indicate a moderate influence on the bank's financial performance and strategic direction.

31 Jan

4

National Bank Holdings Corporation (NBHC) is balancing its digital initiatives with capital returns following its acquisition of Vista Bank. The bank aims to enhance its digital capabilities while ensuring shareholder returns through dividends and stock buybacks. This strategic approach reflects NBHC's commitment to growth and shareholder value amidst evolving market conditions. The acquisition and digital strategy are significant moves that could alter the company's growth trajectory and investor sentiment.

29 Jan

4 transcript

National Bank Holdings Corporation (NBHC) reported strong financial results for Q4 2025, highlighting significant growth in net income and improved efficiency ratios. The bank's strategic initiatives, including enhanced digital offerings and expanded market presence, contributed to its robust performance. Management expressed optimism about future growth prospects and ongoing investments in technology to better serve customers. Overall, the earnings call reflected a positive outlook for NBHC's continued success in the competitive banking landscape. Strong financial results and strategic initiatives indicate significant potential for future growth and market performance.

28 Jan

4 transcript

National Bank Holdings Corporation reported its Q4 earnings, highlighting strong financial performance driven by increased net interest income and improved asset quality. The bank's strategic initiatives, including digital banking enhancements and expansion into new markets, contributed to a solid growth outlook. Management expressed confidence in sustaining momentum despite potential economic headwinds, emphasizing a focus on operational efficiency and customer experience. Overall, the earnings call reflected a positive trajectory for the bank moving forward. Significant strategic initiatives and positive financial performance are likely to influence future growth and investor sentiment.

27 Jan

4

National Bank Holdings Corporation (NBHC) reported its Q4 earnings, showcasing a notable increase in net income and improved efficiency ratios. The bank's total assets and deposits also saw significant growth, reflecting strong customer demand and effective management strategies. The earnings report highlights the bank's commitment to expanding its market presence and enhancing shareholder value through strategic initiatives. The earnings report indicates significant growth and strategic initiatives that could alter the company's trajectory and investor sentiment.

4

National Bank Holdings Corporation (NBHC) reported its financial results for the fourth quarter and full year of 2025, highlighting key metrics such as net income, earnings per share, and loan growth. The bank demonstrated strong performance, with an increase in total assets and a solid return on equity. Management provided insights into strategic initiatives and market conditions that influenced the results, indicating a positive outlook for future growth. The financial results indicate significant growth and strategic initiatives that could alter the company's trajectory and investor sentiment.

3

National Bank Holdings Corporation (NBHC) reported its Q4 CY2025 earnings, falling short of sales expectations. The company's performance has raised concerns among investors regarding its future growth prospects and market positioning. Analysts are closely monitoring the implications of this miss on NBHC's strategic initiatives and overall financial health. Sales miss indicates potential challenges in financial performance and market sentiment.

stockrow.com/NBHC · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com