Symbols / NBHC Stock $42.04 +1.99% National Bank Holdings Corporation

Financial Services • Banks - Regional • United States • NYQ
NBHC (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Financial Services
Industry Banks - Regional
CEO Mr. G. Timothy Laney
Exch · Country NYQ · United States
Market Cap 1.88B
Enterprise Value 1.61B
Income 105.04M
Sales 429.18M
FCF (ttm) —
Book/sh 36.67
Cash/sh 11.21
Employees 1,250
Insider 10d —
IPO Sep 20, 2012
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 45.90%
P/E 15.69
Forward P/E 10.19
PEG 1.57
P/S 4.39
P/B 1.15
P/C —
EV/EBITDA —
EV/Sales 3.75
Quick Ratio —
Current Ratio —
Debt/Eq —
LT Debt/Eq —
EPS (ttm) 2.68
EPS next Y 4.13
EPS Growth -27.10%
Revenue Growth 33.70%
EPS Gr Q/Q -14.20%
Rev Gr Q/Q —
Earnings (next) 2026-04-21
Earnings (prior) 2026-04-21
ROA 0.94%
ROE 7.09%
ROIC —
Gross Margin 0.00%
Oper. Margin 24.24%
Profit Margin 24.73%
Shs Outstand 44.79M
Shs Float 42.79M
Insider Own 5.66%
Instit Own 92.99%
Short Float 5.45%
Short Ratio 5.30
Short Interest 1.99M
52W High 43.86
vs 52W High -4.15%
52W Low 35.06
vs 52W Low 19.91%
Beta 0.80
Impl. Vol. 0.00%
Rel Volume 0.41
Avg Volume 508.30K
Volume 210.75K
Target (mean) $48.25
Tgt Median $48.00
Tgt Low $45.00
Tgt High $52.00
# Analysts 4
Recom None
Prev Close $41.22
Price $42.04
Change 1.99%
About

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.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$48.25
Mean price target
2. Current target
$42.04
Latest analyst target
3. DCF / Fair value
$40.20
Fallback: EPS × 15 (assumed fair P/E). No FCF data; use with …
Ratings
Current target
$42.04
Low
$45.00
High
$52.00
Mean
$48.25

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-04-27 main Piper Sandler Overweight → Overweight $52
2026-04-22 main DA Davidson Buy → Buy $46
2026-04-06 main DA Davidson Buy → Buy $46
2026-02-19 main DA Davidson Buy → Buy $48
2026-01-29 main DA Davidson Buy → Buy $48
2026-01-28 main DA Davidson Buy → Buy $46
2025-09-17 main Keefe, Bruyette & Woods Market Perform → Market Perform $45
2025-07-24 main DA Davidson Buy → Buy $45
2025-04-23 main DA Davidson Buy → Buy $42
2025-04-02 main Hovde Group Market Perform → Market Perform $43
2024-12-04 main Keefe, Bruyette & Woods Market Perform → Market Perform $52
2024-11-18 down Hovde Group Outperform → Market Perform $55
2024-10-24 main Stephens & Co. Equal-Weight → Equal-Weight $49
2024-10-24 main DA Davidson Buy → Buy $53
2024-10-24 main Piper Sandler Neutral → Neutral $48
2024-07-29 main Keefe, Bruyette & Woods Market Perform → Market Perform $45
2024-07-25 main Stephens & Co. Equal-Weight → Equal-Weight $46
2024-07-25 down Piper Sandler Overweight → Neutral $46
2024-07-02 main DA Davidson Buy → Buy $45
2024-04-26 reit Keefe, Bruyette & Woods Market Perform → Market Perform $39
News
RSS: Latest NBHC news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-05-07 ZEILE ARTHUR H Director — 3,153 $0.00 $0
2026-05-07 DEAN ROBERT E Director — 3,153 $0.00 $0
2026-05-07 GUPTA ALKA Director — 3,153 $0.00 $0
2026-05-07 DOYLE ROBIN ANN Director — 3,153 $0.00 $0
2026-05-07 CLERMONT RALPH W Director — 3,620 $0.00 $0
2026-05-07 SPRING MARIA F Director — 3,153 $0.00 $0
2026-05-07 JOSEPH FRED J Director — 3,153 $0.00 $0
2026-05-07 SOBERS PATRICK G Director — 3,153 $0.00 $0
2026-03-17 LANEY G TIMOTHY Chief Executive Officer — 33,326 $0.00 $0
2026-03-17 PETRUCCI ANGELA NICOLE Officer — 4,178 $0.00 $0
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
411.58
+2.53%
401.43
-4.44%
420.10
+27.82%
328.67
Operating Revenue
411.58
+2.53%
401.43
-4.44%
420.10
+27.82%
328.67
Selling General And Administration
157.03
+0.91%
155.62
+4.65%
148.71
+13.60%
130.91
Selling And Marketing Expense
4.35
+8.95%
3.99
-0.32%
4.00
+4.74%
3.82
General And Administrative Expense
152.69
+0.70%
151.63
+4.78%
144.71
+13.86%
127.09
Salaries And Wages
148.33
+1.43%
146.24
+6.20%
137.70
+10.19%
124.97
Other Gand A
—
—
—
—
Reconciled Depreciation
28.10
+16.17%
24.19
+1.42%
23.85
+45.02%
16.45
Total Unusual Items
—
—
—
0.66
Total Unusual Items Excluding Goodwill
—
—
—
0.66
Special Income Charges
—
—
—
0.00
Restructuring And Mergern Acquisition
—
—
—
0.00
Net Income
109.57
-7.78%
118.81
-16.36%
142.05
+99.30%
71.27
Pretax Income
133.63
-8.00%
145.25
-17.29%
175.60
+103.75%
86.18
Net Interest Income
346.78
+0.94%
343.56
-4.22%
358.70
+34.95%
265.80
Interest Expense
171.27
-11.20%
192.88
+44.52%
133.46
+647.57%
17.85
Interest Income
518.05
-3.43%
536.44
+9.00%
492.16
+73.51%
283.65
Gain On Sale Of Security
-3.35
+49.13%
-6.58
0.00
0.00
Tax Provision
24.05
-8.99%
26.43
-21.23%
33.55
+125.04%
14.91
Tax Rate For Calcs
0.00
-1.08%
0.00
-4.72%
0.00
+10.40%
0.00
Tax Effect Of Unusual Items
0.00
0.00
0.00
0.00
Net Income Including Noncontrolling Interests
109.57
-7.78%
118.81
-16.36%
142.05
+99.30%
71.27
Net Income From Continuing Operation Net Minority Interest
109.57
-7.78%
118.81
-16.36%
142.05
+99.30%
71.27
Net Income From Continuing And Discontinued Operation
109.57
-7.78%
118.81
-16.36%
142.05
+99.30%
71.27
Net Income Continuous Operations
109.57
-7.78%
118.81
-16.36%
142.05
+99.30%
71.27
Normalized Income
109.57
-7.78%
118.81
-16.36%
142.05
+99.30%
71.27
Net Income Common Stockholders
108.69
-8.27%
118.49
-16.44%
141.81
+99.38%
71.12
Otherunder Preferred Stock Dividend
0.88
+169.11%
0.33
+34.57%
0.24
+59.87%
0.15
Diluted EPS
2.85
-7.47%
3.08
-17.20%
3.72
+70.64%
2.18
Basic EPS
2.86
-7.74%
3.10
-17.11%
3.74
+70.00%
2.20
Basic Average Shares
37.96
-0.95%
38.33
+0.91%
37.98
+17.23%
32.40
Diluted Average Shares
38.09
-1.26%
38.58
+1.02%
38.18
+16.79%
32.69
Diluted NI Availto Com Stockholders
108.69
-8.27%
118.49
-16.44%
141.81
+99.38%
71.12
Amortization
7.82
-1.54%
7.94
+7.49%
7.39
+215.91%
2.34
Amortization Of Intangibles Income Statement
7.82
-1.54%
7.94
+7.49%
7.39
+215.91%
2.34
Depreciation Amortization Depletion Income Statement
7.82
-1.54%
7.94
+7.49%
7.39
+215.91%
2.34
Depreciation And Amortization In Income Statement
7.82
-1.54%
7.94
+7.49%
7.39
+215.91%
2.34
Insurance And Claims
4.36
-19.20%
5.39
-23.09%
7.01
+230.41%
2.12
Occupancy And Equipment
45.83
+14.71%
39.95
+6.39%
37.55
+19.23%
31.50
Other Non Interest Expense
36.94
-4.94%
38.86
+21.09%
32.09
+20.69%
26.59
Professional Expense And Contract Services Expense
12.53
+77.39%
7.06
-32.51%
10.46
-27.42%
14.42
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
9,883.52
+0.77%
9,807.69
-1.44%
9,951.06
+3.95%
9,573.24
Cash And Cash Equivalents
417.06
+226.21%
127.85
-33.00%
190.83
-2.39%
195.50
Cash Financial
—
—
—
194.76
Other Short Term Investments
528.64
+0.21%
527.55
-16.11%
628.83
-10.97%
706.29
Net PPE
214.55
+9.04%
196.77
+20.92%
162.73
+19.56%
136.11
Gross PPE
338.58
+8.67%
311.58
+16.44%
267.58
+12.77%
237.28
Accumulated Depreciation
-124.03
-8.03%
-114.81
-9.50%
-104.85
-3.63%
-101.17
Land And Improvements
42.05
-3.81%
43.72
+9.08%
40.08
-0.41%
40.24
Buildings And Improvements
131.21
+6.76%
122.91
+7.81%
114.01
+1.62%
112.19
Machinery Furniture Equipment
165.31
+14.04%
144.96
+27.72%
113.50
+33.76%
84.85
Other Properties
—
—
—
84.85
Goodwill And Other Intangible Assets
354.38
-2.77%
364.48
-2.04%
372.07
+9.75%
339.02
Goodwill
306.04
+0.00%
306.04
+0.00%
306.04
+9.64%
279.13
Other Intangible Assets
48.34
-17.28%
58.43
-11.50%
66.03
+10.25%
59.89
Investments And Advances
1,236.36
+11.47%
1,109.13
-12.22%
1,263.47
-10.30%
1,408.47
Long Term Equity Investment
32.43
+15.93%
27.97
+13.76%
24.59
+13.52%
21.66
Total Liabilities Net Minority Interest
8,498.40
-0.05%
8,502.62
-2.70%
8,738.26
+3.03%
8,481.04
Long Term Debt And Capital Lease Obligation
54.54
-47.81%
104.51
-73.49%
394.20
-10.18%
438.89
Long Term Debt
54.54
-47.81%
104.51
-73.49%
394.20
-10.18%
438.89
Stockholders Equity
1,385.11
+6.13%
1,305.08
+7.61%
1,212.81
+11.04%
1,092.20
Common Stock Equity
1,385.11
+6.13%
1,305.08
+7.61%
1,212.81
+11.04%
1,092.20
Capital Stock
0.52
+0.00%
0.52
+0.00%
0.52
+0.00%
0.52
Common Stock
0.52
+0.00%
0.52
+0.00%
0.52
+0.00%
0.52
Share Issued
51.18
-0.02%
51.20
-0.10%
51.25
-0.15%
51.32
Ordinary Shares Number
37.77
-0.74%
38.05
+0.71%
37.78
+0.47%
37.61
Treasury Shares Number
13.41
+2.06%
13.14
-2.39%
13.46
-1.84%
13.71
Additional Paid In Capital
1,171.58
+0.36%
1,167.43
+0.44%
1,162.27
+0.24%
1,159.51
Retained Earnings
572.46
+12.50%
508.86
+17.49%
433.13
+30.96%
330.72
Gains Losses Not Affecting Retained Earnings
-44.05
+37.11%
-70.04
+8.32%
-76.40
+13.38%
-88.20
Treasury Stock
315.40
+4.54%
301.69
-1.63%
306.70
-1.17%
310.34
Other Equity Adjustments
-44.05
+37.11%
-70.04
+8.32%
-76.40
+13.38%
-88.20
Total Equity Gross Minority Interest
1,385.11
+6.13%
1,305.08
+7.61%
1,212.81
+11.04%
1,092.20
Total Capitalization
1,439.65
+2.13%
1,409.59
-12.29%
1,607.01
+4.96%
1,531.09
Invested Capital
1,439.65
+2.13%
1,409.59
-12.29%
1,607.01
+4.96%
1,531.09
Total Debt
54.54
-47.81%
104.51
-73.49%
394.20
-10.18%
438.89
Net Debt
—
—
203.37
-16.44%
243.38
Net Tangible Assets
1,030.73
+9.58%
940.60
+11.88%
840.74
+11.62%
753.18
Tangible Book Value
1,030.73
+9.58%
940.60
+11.88%
840.74
+11.62%
753.18
Available For Sale Securities
23.57
+14.92%
20.51
-17.97%
25.00
-13.79%
29.00
Cash Cash Equivalents And Federal Funds Sold
417.06
+226.21%
127.85
-33.00%
190.83
-2.39%
195.50
Held To Maturity Securities
651.73
+22.25%
533.11
-8.88%
585.05
-10.20%
651.53
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
162.42
+4.60%
155.27
-6.99%
166.94
-22.22%
214.63
Cash Flow From Continuing Operating Activities
162.42
+4.60%
155.27
-6.99%
166.94
-22.22%
214.63
Net Income From Continuing Operations
109.57
-7.78%
118.81
-16.36%
142.05
+99.30%
71.27
Depreciation Amortization Depletion
28.10
+16.17%
24.19
+1.42%
23.85
+45.02%
16.45
Depreciation And Amortization
28.10
+16.17%
24.19
+1.42%
23.85
+45.02%
16.45
Other Non Cash Items
5.49
+234.62%
-4.08
-158.29%
7.00
-94.85%
135.76
Stock Based Compensation
7.25
-9.87%
8.05
+11.44%
7.22
+19.19%
6.06
Asset Impairment Charge
0.00
-100.00%
0.96
+174.50%
0.35
+195.76%
0.12
Deferred Tax
—
—
—
—
Deferred Income Tax
—
—
—
—
Operating Gains Losses
-9.86
-165.38%
-3.72
+66.53%
-11.11
+48.15%
-21.42
Gain Loss On Investment Securities
3.35
-49.13%
6.58
0.00
0.00
Gain Loss On Sale Of PPE
-2.21
-246.62%
-0.64
+46.92%
-1.20
+28.32%
-1.67
Change In Working Capital
6.83
+20.97%
5.65
+157.12%
-9.89
+68.54%
-31.44
Change In Receivables
-2.94
-268.79%
1.74
-46.01%
3.22
+183.07%
-3.88
Change In Other Current Assets
-2.84
+82.33%
-16.06
-4782.80%
0.34
+101.28%
-26.75
Change In Other Current Liabilities
-11.96
-187.81%
13.62
+200.75%
-13.51
-182.07%
16.46
Investing Cash Flow
186.49
+188.42%
64.66
+116.00%
-404.03
+46.28%
-752.14
Cash Flow From Continuing Investing Activities
186.49
+188.42%
64.66
+116.00%
-404.03
+46.28%
-752.14
Net PPE Purchase And Sale
-29.92
+13.51%
-34.59
+6.09%
-36.83
-196.33%
-12.43
Purchase Of PPE
-29.92
+13.51%
-34.59
+6.09%
-36.83
-196.33%
-12.43
Capital Expenditure
-29.92
+13.51%
-34.59
+6.09%
-36.83
-196.33%
-12.43
Net Investment Purchase And Sale
-87.44
-151.69%
169.17
+10.56%
153.01
+1591.80%
9.04
Purchase Of Investment
-472.04
-95.80%
-241.09
-121.94%
-108.63
+72.76%
-398.82
Sale Of Investment
384.60
-6.25%
410.26
+56.81%
261.63
-35.85%
407.86
Net Business Purchase And Sale
0.00
0.00
+100.00%
-45.30
-119.34%
234.26
Gain Loss On Sale Of Business
—
—
0.00
0.00
Net Other Investing Changes
0.52
-84.70%
3.42
+488.30%
0.58
-83.70%
3.56
Financing Cash Flow
-59.70
+79.01%
-284.41
-223.17%
230.90
+302.20%
-114.20
Cash Flow From Continuing Financing Activities
-59.70
+79.01%
-284.41
-223.17%
230.90
+302.20%
-114.20
Net Issuance Payments Of Debt
-50.00
+82.76%
-290.00
-544.44%
-45.00
-111.69%
385.00
Issuance Of Debt
—
—
4,256.49
+1005.58%
385.00
Repayment Of Debt
-50.00
+82.76%
-290.00
-544.44%
-45.00
+75.74%
-185.50
Long Term Debt Issuance
—
—
4,256.49
+1005.58%
385.00
Long Term Debt Payments
-50.00
+82.76%
-290.00
-544.44%
-45.00
+75.74%
-185.50
Net Long Term Debt Issuance
-50.00
+82.76%
-290.00
-544.44%
-45.00
-111.69%
385.00
Net Common Stock Issuance
-15.17
0.00
0.00
0.00
Common Stock Payments
-15.17
0.00
0.00
0.00
Common Stock Dividend Paid
-46.05
-7.24%
-42.95
-8.33%
-39.64
-30.20%
-30.45
Cash Dividends Paid
-46.05
-7.24%
-42.95
-8.33%
-39.64
-30.20%
-30.45
Repurchase Of Capital Stock
-15.17
0.00
0.00
0.00
Proceeds From Stock Option Exercised
-1.71
-183.82%
2.04
+322.46%
-0.92
-141.95%
-0.38
Net Other Financing Charges
—
—
—
—
Changes In Cash
289.21
+548.54%
-64.48
-941.14%
-6.19
+99.05%
-651.70
Beginning Cash Position
127.85
-33.53%
192.33
-3.12%
198.52
-76.65%
850.22
End Cash Position
417.06
+226.21%
127.85
-33.53%
192.33
-3.12%
198.52
Free Cash Flow
132.50
+9.79%
120.68
-7.24%
130.10
-35.66%
202.20
Interest Paid Supplemental Data
168.40
-11.36%
189.97
+52.68%
124.43
+569.06%
18.60
Income Tax Paid Supplemental Data
10.55
-49.39%
20.84
-36.55%
32.85
+190.62%
11.30
Excess Tax Benefit From Stock Based Compensation
—
—
—
-0.29
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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