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National Bank Holdings Corporation

NYSE•NBHC
CEO: Mr. G. Timothy Laney
Sector: Financial Services
Industry: Banks - Regional
Listing Date: 2012-09-20
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, 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 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 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, New Mexico, Utah, Wyoming, Idaho, and Texas. 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.
Contact Information
7800 East Orchard Road, Suite 300, Greenwood Village, CO, 80111, United States
303-892-8715
www.nationalbankholdings.com
Market Cap
$1.42B
P/E (TTM)
13.1
13.1
Dividend Yield
3.3%
52W High
$42.99
52W Low
$32.83
52W Range
46%
Rank40Top 42.0%
4.1
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4.1 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q4 2025 Data

Revenue

$140.79M-3.53%
4-Quarter Trend

EPS

$0.42-42.47%
4-Quarter Trend

FCF

$11.88M+0.00%
4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Vista Acquisition Closed Completed $377.7 million Vista acquisition in January 2026, pushing pro forma assets over $10.0 B; total assets reached $9.9 B end of 2025.
Asset Quality Improved Non-performing loan ratio decreased 12 basis points to 0.34% by year-end 2025, reflecting prudent credit management across the portfolio.
NIM Expansion Noted FTE Net Interest Margin expanded 9 basis points to 3.94% for 2025, driven by a 22 basis point improvement in the cost of funds.
Capital Ratios Strong Consolidated CET1 ratio stood at 14.9% at year-end 2025, significantly exceeding regulatory minimums for well-capitalized status.

Risk Factors

Credit Loss Increase Net charge-offs rose sharply to $25.2 M in 2025, requiring a higher provision expense of $17.8 M compared to prior year.
Integration Complexity Risks Integrating the recent Vista acquisition and scaling the 2UniFi digital platform pose significant operational and management demands.
Rising Regulatory Scrutiny Assets exceeding $10 B post-Vista acquisition subjects the company to increased CFPB supervision and higher regulatory compliance costs.
Interest Rate Volatility Asset sensitive position means sustained rate shifts could materially impact net interest income, despite ongoing hedging strategies.

Outlook

Digital Ecosystem Scaling Continue scaling the 2UniFi platform, focusing on unified client experience and attracting lower-cost transaction deposits.
Organic Growth Focus Strategy emphasizes strong organic growth alongside selective, disciplined acquisitions in core attractive markets for expansion.
Capital Deployment Plans Expect continued capital deployment via dividends ($1.20/share paid in 2025) and new $100.0 M repurchase authorization announced in January 2026.
Maintain Conservative Risk Prudently manage liquidity and maintain a conservative risk profile, closely monitoring loan portfolio quality amid economic uncertainty.

Peer Comparison

Revenue (TTM)

WAFD stock ticker logoWAFD
$1.39B
-6.7%
MBIN stock ticker logoMBIN
$1.36B
-5.9%
FRME stock ticker logoFRME
$1.05B
-0.3%

Gross Margin (Latest Quarter)

TCBK stock ticker logoTCBK
79.7%
+5.9pp
GABC stock ticker logoGABC
74.0%
+2.9pp
SRCE stock ticker logoSRCE
73.6%
+5.8pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
WAFD$2.38B9.88.0%9.1%
FRME$2.32B9.39.5%5.3%
MBIN$1.89B8.69.9%19.8%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-0.8%
Flat Growth
4Q Net Income CAGR
-12.9%
Declining Profitability
Cash Flow Stability
100%
Strong Cash Flow

Deep Research

Next earnings:Apr 20, 2026
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LTM
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