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Stocks · Financials · National Commercial Banks

National Bank Holdings Corp

NBHC Clue Score52
United States Fiscal year ends December CIK 0001475841
$37.93 -0.65% Close, 9 Oct 2026
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Price $37.93 −9.82% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueNet income
Fiscal year 2016Net income23.1EPS, diluted0.79Fiscal year 2017Net income14.6 −36.8%EPS, diluted0.53 −32.9%Fiscal year 2018Net income61.5 +321.5%EPS, diluted1.95 +267.9%Fiscal year 2019Net income80.4 +30.8%EPS, diluted2.55 +30.8%Fiscal year 2020Revenue32.4Net income88.6 +10.2%EPS, diluted2.85 +11.8%Fiscal year 2021Revenue35.8 +10.5%Net income93.6 +5.7%EPS, diluted3.01 +5.6%Fiscal year 2022Revenue37.7 +5.3%Net income71.3 −23.9%EPS, diluted2.18 −27.6%Fiscal year 2023Revenue46.9 +24.6%Net income142.0 +99.3%EPS, diluted3.72 +70.6%Fiscal year 2024Revenue46.2 −1.6%Net income118.8 −16.4%EPS, diluted3.08 −17.2%Fiscal year 2025Revenue47.2 +2.1%Net income109.6 −7.8%EPS, diluted2.85 −7.5%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue n/a n/a n/a n/a 32.4 35.8 37.7 46.9 46.2 47.2
Growth +10.5% +5.3% +24.6% −1.6% +2.1%
Net income 23.1 14.6 61.5 80.4 88.6 93.6 71.3 142.0 118.8 109.6
Growth −36.8% +321.5% +30.8% +10.2% +5.7% −23.9% +99.3% −16.4% −7.8%
EPS, diluted 0.79 0.53 1.95 2.55 2.85 3.01 2.18 3.72 3.08 2.85
Growth −32.9% +267.9% +30.8% +11.8% +5.6% −27.6% +70.6% −17.2% −7.5%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Net margin
Fiscal year 2016Fiscal year 2017Fiscal year 2018Fiscal year 2019Fiscal year 2020Net margin273.8%Fiscal year 2021Net margin261.8%Fiscal year 2022Net margin189.3%Fiscal year 2023Net margin302.7%Fiscal year 2024Net margin257.3%Fiscal year 2025Net margin232.4%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Net margin n/a n/a n/a n/a 273.8% 261.8% 189.3% 302.7% 257.3% 232.4%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flow
Fiscal year 2016Operating cash flow−3.9Buybacks−93.6Dividends paid−6.4Fiscal year 2017Operating cash flow58.1Dividends paid−9.4Fiscal year 2018Operating cash flow73.6Dividends paid−16.6Fiscal year 2019Operating cash flow44.2Dividends paid−23.5Fiscal year 2020Operating cash flow−6.2Buybacks−19.5Dividends paid−24.8Fiscal year 2021Operating cash flow179.5Buybacks−36.4Dividends paid−26.9Fiscal year 2022Operating cash flow214.6Dividends paid−30.4Fiscal year 2023Operating cash flow166.9Dividends paid−39.6Fiscal year 2024Operating cash flow155.3Dividends paid−42.9Fiscal year 2025Operating cash flow162.4Buybacks−15.2Dividends paid−46.1
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow −3.9 58.1 73.6 44.2 −6.2 179.5 214.6 166.9 155.3 162.4
Buybacks −93.6 n/a n/a n/a −19.5 −36.4 n/a n/a n/a −15.2
Dividends paid −6.4 −9.4 −16.6 −23.5 −24.8 −26.9 −30.4 −39.6 −42.9 −46.1

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash152.7Shareholders’ equity536.2Fiscal year 2017Cash257.4Shareholders’ equity532.4Fiscal year 2018Cash109.6Shareholders’ equity695.0Fiscal year 2019Cash110.2Shareholders’ equity766.9Fiscal year 2020Cash605.6Shareholders’ equity820.7Fiscal year 2021Cash845.7Total debt39.5Net cash (debt)806.2Shareholders’ equity840.1Debt to equity0.05Fiscal year 2022Cash195.5Total debt53.9Net cash (debt)141.6Shareholders’ equity1,092.2Debt to equity0.05Fiscal year 2023Cash190.8Total debt54.2Net cash (debt)136.6Shareholders’ equity1,212.8Debt to equity0.04Fiscal year 2024Cash127.8Total debt54.5Net cash (debt)73.3Shareholders’ equity1,305.1Debt to equity0.04Fiscal year 2025Cash417.1Total debt54.5Net cash (debt)362.5Shareholders’ equity1,385.1Debt to equity0.04
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 152.7 257.4 109.6 110.2 605.6 845.7 195.5 190.8 127.8 417.1
Total debt n/a n/a n/a n/a n/a 39.5 53.9 54.2 54.5 54.5
Net cash (debt) n/a n/a n/a n/a n/a 806.2 141.6 136.6 73.3 362.5
Shareholders’ equity 536.2 532.4 695.0 766.9 820.7 840.1 1,092.2 1,212.8 1,305.1 1,385.1
Debt to equity n/a n/a n/a n/a n/a 0.05 0.05 0.04 0.04 0.04

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
n/a n/a n/a n/a 32.4 35.8 37.7 46.9 46.2 47.2
Growth +10.5% +5.3% +24.6% −1.6% +2.1%
26.0 35.9 73.7 96.2 109.4 115.0 86.2 175.6 145.2 133.6
2.9 21.3 12.2 15.8 20.8 21.4 14.9 33.6 26.4 24.1
23.1 14.6 61.5 80.4 88.6 93.6 71.3 142.0 118.8 109.6
Growth −36.8% +321.5% +30.8% +10.2% +5.7% −23.9% +99.3% −16.4% −7.8%
Per share
0.81 0.54 2.00 2.57 2.87 3.04 2.20 3.74 3.10 2.86
0.79 0.53 1.95 2.55 2.85 3.01 2.18 3.72 3.08 2.85
Growth −32.9% +267.9% +30.8% +11.8% +5.6% −27.6% +70.6% −17.2% −7.5%
28.3 26.9 30.7 31.2 30.9 30.7 32.4 37.9 38.2 38.0
29.1 27.7 31.4 31.5 31.1 31.1 32.7 38.1 38.4 38.1
Growth −4.7% +13.4% +0.3% −1.4% −0.0% +5.2% +16.6% +0.8% −0.9%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 7.8% a year over five years, and earnings per share grew 0.0% a year.
  • The diluted share count rose 22.6% in five years, which is dilution.
  • Profitable in every one of the 10 years on file.