National Bank Holdings Corporation logo

National Bank Holdings Corporation

NBHC

NYSEFinancial ServicesBanks - Regional

Latest quote

$41.85

+$0.19 · +0.46%

Aug 21, 3:55 PM ET

NBHC company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Buy

Favorable setup — positive multi-factor alignment

Valuation

74

Undervalued

Momentum

53

Neutral

Sentiment

63

Bullish

Risk resilience

79

Moderate Risk

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Company profile

Company website

National Bank Holdings Corporation (NBHC) serves as the parent company for NBH Bank, providing a comprehensive range of banking products and financial services to commercial businesses and individual consumers across the United States. The bank offers various deposit accounts, including checking, savings, and money market options, alongside fixed-rate and fixed-maturity time deposits. Its lending portfolio is extensive, featuring commercial and industrial loans for purposes such as working capital, equipment financing, lender finance, and specialized sectors like food and agriculture, government, and non-profits. NBHC also finances both owner-occupied and non-owner occupied commercial real estate, covering diverse property types like office buildings, warehouses, multi-family residences, hospitality venues, and retail spaces. Additionally, it provides Small Business Administration (SBA) loans to support manufacturers, distributors, and service providers, as well as general term loans, lines of credit, real estate-secured loans, residential mortgages, and consumer loans. Beyond its core deposit and lending services, NBHC delivers a suite of treasury management solutions. These encompass digital banking (online and mobile), commercial credit cards, wire transfers, Automated Clearing House (ACH) services, electronic bill payment, lockbox services, remote deposit capture, merchant processing, cash vault services, controlled disbursements, and fraud prevention tools. The company also offers auxiliary services like account reconciliation, collections, repurchase accounts, zero balance accounts, and sweep accounts. As of January 20, 2022, NBHC operated through a network of 81 banking centers situated in Colorado, the greater Kansas City region, New Mexico, Utah, and Texas, complemented by 121 ATMs. Originally established in 2009 as NBH Holdings Corp., the company officially adopted its current name, National Bank Holdings Corporation, in March 2012. Its corporate headquarters are located in Greenwood Village, Colorado.

Industry
Banks - Regional
Sector
Financial Services
Headquarters
US
CEO
G. Timothy Laney
Listed since
Sep 20, 2012
Employees
1,276

Market position

Volume
190.86K
0.49× average
Average volume
389.46K
Average daily volume
Market cap
1.87B USD
Beta
0.77
Market reference 1

Financials

Financial snapshot

Latest / TTM

Valuation & yield

P/E (TTM)
16.28×
P/B (TTM)
0.96×
P/S (TTM)
3.14×
Dividend yield
2.99%

Profitability & efficiency

Gross margin
77.06%
Operating margin
21.74%
Net margin
16.51%

Financial health

Debt / equity
0.21×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends106%75%43%11%Gross margin, FY2021: 98.52%Gross margin, FY2022: 84.25%Gross margin, FY2023: 74.39%Gross margin, FY2024: 66.41%Gross margin, FY2025: 69.18%Operating margin, FY2021: 37.55%Operating margin, FY2022: 24.87%Operating margin, FY2023: 31.72%Operating margin, FY2024: 24.44%Operating margin, FY2025: 24.44%Net margin, FY2021: 30.58%Net margin, FY2022: 20.57%Net margin, FY2023: 25.66%Net margin, FY2024: 19.99%Net margin, FY2025: 18.76%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 98.52%. Gross margin FY2022 84.25%. Gross margin FY2023 74.39%. Gross margin FY2024 66.41%. Gross margin FY2025 69.18%. Operating margin FY2021 37.55%. Operating margin FY2022 24.87%. Operating margin FY2023 31.72%. Operating margin FY2024 24.44%. Operating margin FY2025 24.44%. Net margin FY2021 30.58%. Net margin FY2022 20.57%. Net margin FY2023 25.66%. Net margin FY2024 19.99%. Net margin FY2025 18.76%.

Income trends

Revenue

583.94M USD-1.75%

Operating income

142.73M USD-1.73%

Net income

109.57M USD-7.78%
Income trends across reported periods646.62M USD437.4M USD228.19M USD18.97M USDRevenue, FY2021: 306.15M USDRevenue, FY2022: 346.52M USDRevenue, FY2023: 553.56M USDRevenue, FY2024: 594.31M USDRevenue, FY2025: 583.94M USDOperating income, FY2021: 114.97M USDOperating income, FY2022: 86.18M USDOperating income, FY2023: 175.6M USDOperating income, FY2024: 145.25M USDOperating income, FY2025: 142.73M USDNet income, FY2021: 93.61M USDNet income, FY2022: 71.27M USDNet income, FY2023: 142.05M USDNet income, FY2024: 118.82M USDNet income, FY2025: 109.57M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 306.15M USD. Revenue FY2022 346.52M USD. Revenue FY2023 553.56M USD. Revenue FY2024 594.31M USD. Revenue FY2025 583.94M USD. Operating income FY2021 114.97M USD. Operating income FY2022 86.18M USD. Operating income FY2023 175.6M USD. Operating income FY2024 145.25M USD. Operating income FY2025 142.73M USD. Net income FY2021 93.61M USD. Net income FY2022 71.27M USD. Net income FY2023 142.05M USD. Net income FY2024 118.82M USD. Net income FY2025 109.57M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue583.94M USD594.31M USD553.56M USD346.52M USD306.15M USD
Cost of goods sold179.97M USD199.64M USD141.76M USD54.58M USD4.53M USD
Gross profit403.97M USD394.68M USD411.8M USD291.94M USD301.62M USD
Selling, general, and administrative154.55M USD155.62M USD148.71M USD130.91M USD131.86M USD
Operating expenses261.24M USD249.43M USD236.2M USD205.75M USD186.65M USD
Interest income517.88M USD536.44M USD492.16M USD283.65M USD200.97M USD
Interest expense171.27M USD192.88M USD133.46M USD17.85M USD13.82M USD
Depreciation and amortization21.78M USD24.19M USD23.85M USD16.45M USD13.59M USD
Operating income142.73M USD145.25M USD175.6M USD86.18M USD114.97M USD
Net income109.57M USD118.82M USD142.05M USD71.27M USD93.61M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
64%
7 beats, 4 misses, 0 met estimates
Average EPS surprise
+0.21%
11 comparable reports
Latest EPS result
0.78
Estimate 0.81 · Miss by 3.70%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates10.850.710.56Q1 '25BeatQ2 '25MissQ3 '25BeatQ4 '25BeatQ1 '26MissQ2 '26BeatQ3 '26MissQ4 '26Estimate
Q1 2025, reported Jan 22, 2025: actual 0.86, estimate 0.79, surprise +8.86%, Beat. Q2 2025, reported Apr 22, 2025: actual 0.63, estimate 0.76, surprise -17.11%, Miss. Q3 2025, reported Jul 22, 2025: actual 0.88, estimate 0.82, surprise +7.32%, Beat. Q4 2025, reported Oct 21, 2025: actual 0.96, estimate 0.9, surprise +6.67%, Beat. Q1 2026, reported Jan 27, 2026: actual 0.6, estimate 0.87, surprise -31.03%, Miss. Q2 2026, reported Apr 21, 2026: actual 0.72, estimate 0.65, surprise +10.77%, Beat. Q3 2026, reported Jul 21, 2026: actual 0.78, estimate 0.81, surprise -3.70%, Miss. Q4 2026, reported Oct 27, 2026: actual —, estimate 0.87, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates141.64M125.94M110.24M94.53MQ1 '25MissQ2 '25MissQ3 '25MissQ4 '25MissQ1 '26MissQ2 '26MissQ3 '26MissQ4 '26Estimate
Q1 2025, reported Jan 22, 2025: actual 99.98M USD, estimate 109M USD, surprise -8.28%, Miss. Q2 2025, reported Apr 22, 2025: actual 100.96M USD, estimate 110.86M USD, surprise -8.93%, Miss. Q3 2025, reported Jul 22, 2025: actual 103.21M USD, estimate 111.84M USD, surprise -7.72%, Miss. Q4 2025, reported Oct 21, 2025: actual 107.86M USD, estimate 108.17M USD, surprise -0.29%, Miss. Q1 2026, reported Jan 27, 2026: actual 100.64M USD, estimate 107.48M USD, surprise -6.36%, Miss. Q2 2026, reported Apr 21, 2026: actual 126.78M USD, estimate 131.21M USD, surprise -3.37%, Miss. Q3 2026, reported Jul 21, 2026: actual 129.06M USD, estimate 135.08M USD, surprise -4.46%, Miss. Q4 2026, reported Oct 27, 2026: actual —, estimate 136.2M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Rating distribution

10 ratings
Strong buy00%
Buy330%
Hold660%
Sell110%
Strong sell00%

NBHC peers

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