NBHC
National Bank Holdings Corporation
NYSE: NBHC · FINANCIAL SERVICES · BANKS - REGIONAL
$42.85
+0.09% today
Updated 2026-05-08
Market cap
$1.92B
P/E ratio
15.99
P/S ratio
4.47x
EPS (TTM)
$2.68
Dividend yield
2.17%
52W range
$35 – $44
Volume
0.5M
National Bank Holdings Corporation (NBHC) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $481000.00 | $23.36M | $228.01M | $269.73M | $226.72M | $232.57M | $206.33M | $200.42M | $203.63M | $292.17M | $327.77M | $353.91M | $306.15M | $346.52M | $553.56M | $594.31M | $583.94M |
| Revenue growth (YoY) | — | +4757.6% | +875.9% | +18.3% | -15.9% | +2.6% | -11.3% | -2.9% | +1.6% | +43.5% | +12.2% | +8.0% | -13.5% | +13.2% | +59.7% | +7.4% | -1.7% |
| Cost of revenue | — | $5.60M | $61.70M | $57.23M | $20.81M | $20.62M | $26.91M | $38.46M | $31.09M | $29.15M | $48.41M | $42.69M | $4.53M | $54.58M | $141.76M | $199.63M | $179.97M |
| Gross profit | $481000.00 | $17.77M | $166.31M | $212.50M | $205.91M | $211.95M | $179.42M | $161.96M | $172.54M | $263.01M | $279.35M | $311.22M | $301.62M | $291.94M | $411.80M | $394.68M | $403.97M |
| Gross margin | 100.0% | 76.0% | 72.9% | 78.8% | 90.8% | 91.1% | 87.0% | 80.8% | 84.7% | 90.0% | 85.2% | 87.9% | 98.5% | 84.2% | 74.4% | 66.4% | 69.2% |
| R&D | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — | — |
| SG&A | $1.77M | $27.44M | $84.91M | $104.60M | $104.39M | $135.49M | $114.00M | $88.97M | $90.14M | $127.51M | $132.53M | $142.34M | $129.35M | $127.09M | $144.71M | $151.63M | $151.69M |
| Operating income | $-1.37M | $9.00M | $69.41M | $4.04M | $10.88M | $12.34M | $7.92M | $26.01M | $35.86M | $73.68M | $96.19M | $109.40M | $114.97M | $86.18M | $175.60M | $145.25M | $142.73M |
| Operating margin | -284.0% | 38.5% | 30.4% | 1.5% | 4.8% | 5.3% | 3.8% | 13.0% | 17.6% | 25.2% | 29.3% | 30.9% | 37.6% | 24.9% | 31.7% | 24.4% | 24.4% |
| EBITDA | $-1.37M | $9.23M | $76.94M | $16.34M | $26.71M | $28.27M | $23.43M | $40.21M | $48.75M | $85.20M | $111.23M | $123.85M | $128.56M | $102.63M | $199.46M | $169.44M | $164.51M |
| EBITDA margin | -284.0% | 39.5% | 33.7% | 6.1% | 11.8% | 12.2% | 11.4% | 20.1% | 23.9% | 29.2% | 33.9% | 35.0% | 42.0% | 29.6% | 36.0% | 28.5% | 28.2% |
| EBIT | $-1.37M | $9.00M | $69.91M | $4.04M | $10.88M | $12.34M | $7.92M | $26.01M | $35.86M | $73.68M | $96.19M | $109.40M | $114.97M | $86.18M | $175.60M | $145.25M | $142.73M |
| Interest expense | $0.00 | $5.51M | $41.70M | $29.23M | $16.51M | $14.41M | $14.46M | $14.81M | $18.11M | $23.95M | $36.77M | $25.06M | $13.82M | $17.85M | $133.46M | $192.88M | $171.27M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $-1.53M | $6.05M | $41.96M | $-543000.00 | $6.93M | $9.18M | $4.88M | $23.06M | $14.58M | $61.45M | $80.36M | $88.59M | $93.61M | $71.27M | $142.05M | $118.81M | $109.57M |
| Net income growth (YoY) | — | +494.5% | +593.5% | -101.3% | +1375.7% | +32.5% | -46.8% | +372.4% | -36.8% | +321.5% | +30.8% | +10.2% | +5.7% | -23.9% | +99.3% | -16.4% | -7.8% |
| Profit margin | -318.9% | 25.9% | 18.4% | -0.2% | 3.1% | 3.9% | 2.4% | 11.5% | 7.2% | 21.0% | 24.5% | 25.0% | 30.6% | 20.6% | 25.7% | 20.0% | 18.8% |