NYSE : NBHC
National Bank Holdings Corporation — Financial statements
Financials · Banks - Regional · United States
Last price 37.56 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 1.66B
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 569.70M | 474.63M | 505.27M | 461.38M | 255.67M | 181.82M |
| Interest Income on Investments | 45.15M | 45.15M | 33.00M | 34.04M | 29.02M | 19.15M |
| Total Interest Income | 614.84M | 519.77M | 538.27M | 495.42M | 284.69M | 200.97M |
| Interest Paid on Deposits | 191.80M | 165.43M | 186.19M | 109.38M | 14.60M | 13.60M |
| Interest Paid on Borrowings | 5.84M | 5.84M | 6.69M | 24.09M | 3.26M | 219.00K |
| Total Interest Expense | 197.64M | 171.27M | 192.88M | 133.46M | 17.85M | 13.82M |
| Net Interest Income | 417.20M | 348.50M | 345.39M | 361.95M | 266.83M | 187.14M |
| Mortgage Banking Activities | 9.29M | 11.08M | 11.10M | 13.63M | 23.77M | 63.36M |
| Gain (Loss) on Sale of Assets | 1.56M | 1.56M | 637.00K | |||
| Gain (Loss) on Sale of Investments | 1.40M | 1.15M | -1.58M | |||
| Other Non-Interest Income | 53.47M | 53.77M | 50.95M | 50.28M | 43.54M | 47.00M |
| Total Non-Interest Income | 65.71M | 67.56M | 61.11M | 63.92M | 67.31M | 110.36M |
| Revenues Before Loan Losses | 482.91M | 416.07M | 406.50M | 425.87M | 334.15M | 297.51M |
| Provision for Loan Losses | 55.23M | 17.80M | 6.75M | 8.29M | 36.73M | -9.29M |
| Revenue | 427.68M | 398.27M | 399.74M | 417.57M | 297.42M | 306.80M |
| Salaries and Employee Benefits | 199.40M | 141.08M | 138.19M | 130.48M | 118.91M | 121.96M |
| Occupancy Expenses | 55.60M | 39.43M | 33.75M | 37.55M | 31.50M | 25.28M |
| Federal Deposit Insurance | 4.36M | 4.36M | 5.39M | 7.01M | 2.12M | 1.85M |
| Amortization of Goodwill & Intangibles | 9.28M | 7.82M | 7.94M | 7.39M | 2.34M | 1.18M |
| Selling, General & Administrative | 59.47M | 48.78M | 42.78M | 34.80M | 36.95M | 22.78M |
| Other Non-Interest Expense | 33.93M | 23.18M | 25.60M | 24.75M | 19.41M | 18.77M |
| Total Non-Interest Expense | 362.03M | 264.64M | 253.66M | 241.97M | 211.23M | 191.83M |
| EBT Excluding Unusual Items | 65.65M | 133.63M | 146.08M | 175.60M | 86.18M | 114.97M |
| Asset Writedown | 2.00K | 2.00K | -834.00K | |||
| Pretax Income | 65.65M | 133.63M | 145.25M | 175.60M | 86.18M | 114.97M |
| Income Tax Expense | 11.10M | 24.05M | 26.43M | 33.55M | 14.91M | 21.36M |
| Net Income | 54.56M | 109.57M | 118.81M | 142.05M | 71.27M | 93.61M |
| Preferred Dividends & Other Adjustments | 880.00K | 880.00K | 327.00K | 243.00K | 152.00K | 133.00K |
| Net Income to Common | 53.68M | 108.69M | 118.49M | 141.81M | 71.12M | 93.47M |
| Basic Shares Outstanding | 43.20M | 37.96M | 38.21M | 37.94M | 32.36M | 30.73M |
| Diluted Shares Outstanding | 43.62M | 38.09M | 38.42M | 38.11M | 32.68M | 31.07M |
| EPS (Basic) | 1.24 | 2.86 | 3.10 | 3.74 | 2.20 | 3.04 |
| EPS (Diluted) | 1.23 | 2.85 | 3.08 | 3.72 | 2.18 | 3.01 |
| Dividend Per Share | 1.28 | 1.23 | 1.14 | 1.06 | 0.96 | 0.89 |
| Effective Tax Rate | 16.90% | 18.00% | 18.20% | 19.11% | 17.30% | 18.58% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 364.80M | 417.06M | 127.85M | 190.83M | 195.50M | 845.70M |
| Investment Securities | 100.13M | 155.84M | 125.68M | 174.70M | 173.94M | 39.02M |
| Trading Asset Securities | 29.43M | 40.02M | 37.70M | 45.23M | 10.68M | |
| Mortgage-Backed Securities | 1.36B | 1.08B | 983.45M | 1.09B | 1.23B | 1.15B |
| Total Investments | 1.46B | 1.27B | 1.15B | 1.30B | 1.45B | 1.20B |
| Gross Loans | 9.89B | 7.43B | 7.75B | 7.70B | 7.22B | 4.51B |
| Allowance for Loan Losses | -109.87M | -87.42M | -94.45M | -97.95M | -89.55M | -49.69M |
| Net Loans | 9.78B | 7.35B | 7.66B | 7.60B | 7.13B | 4.46B |
| Property, Plant & Equipment | 232.24M | 214.55M | 196.77M | 191.83M | 169.71M | 116.45M |
| Goodwill | 459.48M | 306.04M | 306.04M | 306.04M | 279.13M | 115.03M |
| Other Intangible Assets | 61.88M | 42.92M | 50.73M | 58.67M | 46.76M | 6.37M |
| Loans Held for Sale | 12.58M | 25.70M | 24.50M | 18.85M | 22.77M | 139.14M |
| Accrued Interest Receivable | 3.30M | 2.20M | 2.30M | 2.60M | 1.90M | |
| Restricted Cash | 3.00M | 3.00M | 4.50M | |||
| Other Real Estate Owned & Foreclosed | 5.08M | 1.67M | 662.00K | 4.09M | 3.73M | 7.00M |
| Other Long-Term Assets | 343.35M | 259.96M | 289.17M | 256.64M | 245.12M | 313.10M |
| Total Assets | 12.73B | 9.88B | 9.81B | 9.95B | 9.57B | 7.21B |
| Interest Bearing Deposits | 7.89B | 5.76B | 5.74B | 5.54B | 4.53B | 3.59B |
| Institutional Deposits | 324.15M | 288.33M | 289.27M | 203.20M | 130.18M | |
| Non-Interest Bearing Deposits | 2.66B | 2.20B | 2.21B | 2.36B | 3.13B | 2.51B |
| Total Deposits | 10.55B | 8.29B | 8.24B | 8.19B | 7.87B | 6.23B |
| Short-Term Borrowings | 22.48M | 26.53M | 27.98M | 31.63M | 33.08M | 43.78M |
| Current Portion of Leases | 4.92M | 28.90M | 32.10M | |||
| Long-Term Debt | 201.88M | 54.54M | 54.51M | 54.20M | 53.89M | 39.48M |
| Federal Home Loan Bank Debt, Long-Term | 125.00M | 50.00M | 340.00M | 385.00M | ||
| Long-Term Leases | 24.54M | 36.50M | 20.30M | |||
| Other Long-Term Liabilities | 206.85M | 95.24M | 103.33M | 89.94M | 99.94M | 42.17M |
| Total Liabilities | 11.10B | 8.50B | 8.50B | 8.74B | 8.48B | 6.37B |
| Common Stock | 588.00K | 515.00K | 515.00K | 515.00K | 515.00K | 515.00K |
| Additional Paid-In Capital | 1.47B | 1.17B | 1.17B | 1.16B | 1.16B | 1.01B |
| Retained Earnings | 567.15M | 572.46M | 508.86M | 433.13M | 330.72M | 289.88M |
| Treasury Stock | -344.51M | -315.40M | -301.69M | -306.70M | -310.34M | -457.62M |
| Comprehensive Income & Other | -64.97M | -44.05M | -70.04M | -76.40M | -88.20M | -6.96M |
| Shareholders' Equity | 1.63B | 1.39B | 1.31B | 1.21B | 1.09B | 840.11M |
| Total Liabilities & Equity | 12.73B | 9.88B | 9.81B | 9.95B | 9.57B | 7.21B |
| Total Debt | 349.36M | 110.53M | 161.39M | 457.93M | 508.47M | 103.56M |
| Net Cash (Debt) | 15.44M | 335.96M | 6.48M | -229.41M | -267.74M | 752.82M |
| Net Cash Per Share | 0.35 | 8.82 | 0.17 | -6.02 | -8.19 | 24.23 |
| Filing Date Shares Outstanding | 44.29M | 45.01M | 38.05M | 37.79M | 37.61M | 29.96M |
| Total Common Shares Outstanding | 44.29M | 37.77M | 38.05M | 37.78M | 37.61M | 29.96M |
| Book Value Per Share | 36.71 | 36.67 | 34.29 | 32.10 | 29.04 | 28.04 |
| Tangible Book Value | 1.10B | 1.04B | 948.30M | 848.09M | 766.31M | 718.71M |
| Tangible Book Value Per Share | 24.94 | 27.43 | 24.92 | 22.45 | 20.38 | 23.99 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 109.57M | 118.81M | 142.05M | 71.27M | 93.61M | |
| Depreciation & Amortization | 28.10M | 24.19M | 23.85M | 16.45M | 13.59M | |
| Gain (Loss) on Sale of Assets | -2.21M | -637.00K | -1.20M | -1.67M | -5.84M | |
| Gain (Loss) on Sale of Investments | 573.00K | 5.23M | -831.00K | 1.11M | 4.33M | |
| Total Asset Writedown | 958.00K | 349.00K | 118.00K | 1.55M | ||
| Provision for Credit Losses | 17.80M | 6.75M | 8.29M | 36.73M | -9.29M | |
| Net Decrease (Increase) in Loans Originated / Sold - Operating | 9.80M | 2.86M | 8.99M | 144.98M | 173.42M | |
| Change in Income Taxes | -2.94M | 1.74M | 3.22M | -3.88M | 1.04M | |
| Change in Other Net Operating Assets | -14.79M | -2.45M | -13.17M | -10.28M | -39.68M | |
| Other Operating Activities | -4.31M | -6.94M | -1.99M | -9.22M | -1.61M | |
| Operating Cash Flow | 162.42M | 155.27M | 166.94M | 214.63M | 179.50M | |
| Capital Expenditures | -29.92M | -34.59M | -36.83M | -12.43M | ||
| Sale of Property, Plant and Equipment | 5.15M | |||||
| Cash Acquisitions | -45.30M | 234.26M | ||||
| Investment in Securities | -87.44M | 169.17M | 153.01M | 9.04M | -314.24M | |
| Net Decrease (Increase) in Loans Originated / Sold - Investing | 303.33M | -73.34M | -475.48M | -986.58M | -166.66M | |
| Investing Cash Flow | 186.49M | 64.66M | -404.03M | -752.14M | -473.84M | |
| Short-Term Debt Issued | 385.00M | |||||
| Long-Term Debt Issued | 40.00M | |||||
| Total Debt Issued | 385.00M | 40.00M | ||||
| Short-Term Debt Repaid | -51.55M | -290.73M | -45.59M | -2.55M | -129.00K | |
| Total Debt Repaid | -51.55M | -290.73M | -45.59M | -2.55M | -129.00K | |
| Net Debt Issued (Repaid) | -51.55M | -290.73M | -45.59M | 382.45M | 39.87M | |
| Issuance of Common Stock | 28.00K | 3.56M | 617.00K | 1.10M | 2.49M | |
| Repurchase of Common Stock | -15.17M | -36.40M | ||||
| Common Dividends Paid | -46.05M | -42.95M | -39.64M | -30.45M | -26.89M | |
| Net Increase (Decrease) in Deposit Accounts | 54.78M | 47.23M | 317.05M | -465.82M | 552.72M | |
| Other Financing Activities | -1.74M | -1.51M | -1.53M | -1.48M | -2.80M | |
| Financing Cash Flow | -59.70M | -284.41M | 230.90M | -114.20M | 528.99M | |
| Net Cash Flow | 289.21M | -64.48M | -6.19M | -651.70M | 234.66M | |
| Free Cash Flow | 132.50M | 120.68M | 130.10M | 202.20M | 179.50M | |
| Free Cash Flow Margin | 33.27% | 30.19% | 31.16% | 67.99% | 58.51% | |
| Free Cash Flow Per Share | 3.48 | 3.14 | 3.41 | 6.19 | 5.78 | |
| Cash Interest Paid | 168.40M | 189.97M | 124.43M | 18.60M | 16.64M | |
| Cash Income Tax Paid | 10.55M | 20.84M | 32.85M | 11.30M | 15.39M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.69B | 1.44B | 1.64B | 1.39B | 1.58B | 1.33B |
| Last Close Price | 37.43 | 37.14 | 40.78 | 34.24 | 37.55 | 38.38 |
| PE Ratio | 31.04 | 13.23 | 13.81 | 9.84 | 22.24 | 14.24 |
| PS Ratio | 3.88 | 3.61 | 4.09 | 3.34 | 5.32 | 4.34 |
| PB Ratio | 1.02 | 1.04 | 1.25 | 1.15 | 1.45 | 1.58 |
| P/FCF Ratio | 11.42 | 10.85 | 13.56 | 10.72 | 7.82 | 7.42 |
| P/OCF Ratio | 9.82 | 8.85 | 10.54 | 8.36 | 7.37 | 7.42 |
| Debt / Equity Ratio | 0.21 | 0.08 | 0.12 | 0.38 | 0.47 | 0.12 |
| Debt / FCF Ratio | 0.83 | 1.34 | 3.52 | 2.52 | 0.58 | |
| Net Debt / Equity Ratio | -0.01 | -0.24 | -0.01 | 0.19 | 0.24 | -0.90 |
| Net Debt / FCF Ratio | -2.54 | -0.05 | 1.76 | 1.32 | -4.19 | |
| Return on Equity (ROE) | 3.64% | 8.15% | 9.44% | 12.32% | 7.38% | 11.27% |
| Return on Assets (ROA) | 0.48% | 1.11% | 1.20% | 1.46% | 0.85% | 1.35% |
| Earnings Yield | 3.22% | 7.62% | 7.26% | 10.18% | 4.51% | 7.03% |
| FCF Yield | 8.76% | 9.22% | 7.37% | 9.33% | 12.78% | 13.48% |
| Dividend Yield | 3.38% | 3.23% | 2.65% | 2.87% | 2.28% | 2.00% |
| Payout Ratio | 103.45% | 42.03% | 36.14% | 27.91% | 42.72% | 28.73% |
| Buyback Yield / Dilution | -14.03% | 0.85% | -0.81% | -16.62% | -5.19% | 0.03% |
| Total Shareholder Return | -10.61% | 4.09% | 1.84% | -13.74% | -2.91% | 2.03% |