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MARKETS / NYSE / NBHC
NYSE · NATIONAL COMMERCIAL BANKS · LARGE CAP

National Bank Holdings Corp. NBHC

16 fiscal years on record · USD · FY2025 reported · SEC filings only
9 YEARS OF DIVIDEND GROWTH
$47.1M
▲ 2.1% YoY
$109.6M
▼ 7.8% YoY
In brief

What this company does

The Company is headquartered in Greenwood Village, Colorado, and its primary operations are conducted through its wholly owned subsidiaries, NBH Bank, BOJHT and 2UniFi, LLC. The Company provides a variety of banking products and services to both commercial and consumer clients through a network of over 90 banking centers, as of December 31, 2025, located primarily in Colorado, the greater Kansas City region, Texas, Utah, Wyoming, New Mexico and Idaho, as well as through online and mobile banking products and services. As of December 31, 2025, the company had $9.9 billion in assets, $7.4 billion in loans, $8.3 billion in deposits, $1.4 billion in shareholders' equity and $1.3 billion in assets under management in its trust and wealth management business. NBH Bank is a Colorado state-chartered bank and a member of the FRB of Kansas City. The company began banking operations in October 2010 and, as of December 31, 2025, had completed eight bank acquisitions and one non-bank acquisition of a deposit processing technology company. As of December 31, 2025, the company employed 1,250 full-time and 52 part-time associates throughout its business footprint.

Written from the business description in National Bank Holdings Corp's annual report to the U.S. Securities and Exchange Commission, filed 24 February 2026. Every sentence was checked against that document before publication.

Growth
USD 47.1M
Revenue, FY2025 · full 16-year series below
Revenue $M Net income $M
FY2025 · Revenue 47.1 · Net income 109.6
50M100M201020122014201620182020202220242025
Compound annual growth
+7.8%
+7.8%
+15.4%
+4.3%
+36.5%
+21.3%
+9.3%
+0.0%
+35.2%
+24.2%
+8.5%
+8.4%
+19.6%
+26.2%
+7.6%
−10.3%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +7.8% a year over five years — but profit grew slower: net income at +4.3%, earnings per share at +0.0%.

The share count rose from 0.03B to 0.04B over the period.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
232 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 283.4% · Net 232.4%
100%200%300%201020122014201620182020202220242025
ROE
FY2025 · ROE 8.1%
5%10%201020122014201620182020202220242025

Each USD of equity produced 8 cents of profit this year.

Cash & shareholders
USD 61.2M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2015 · FCF -42.7
-80M-160M201020122014201620182020202220242025
Net buybacks $M Dividends $M
FY2025 · Dividends 46.1 · Net buybacks 15.1
80M160MDividendsNet buybacks20112013201520172019202120232025

USD 46.1M in dividends and USD 15.1M in buybacks — 56% of the year's profit went back to shareholders.

Total assetsUSD 9.9B
EquityUSD 1.4B
CashUSD 417.1M
Gross debtUSD 54.5M
Net debtUSD -362.5M
DepositsUSD 8.3B

The company holds more cash than debt.

The 16-year record
16 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 2025202420232022202120202019201820172016201520142013201220112010
Revenue $B0.00.00.00.00.00.0··········
Operating income $B0.10.10.20.10.10.10.10.10.00.00.00.0····
EBITDA $B0.20.20.20.10.10.10.10.10.00.00.00.0····
Income tax $B0.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.0
Net income $B0.10.10.10.10.10.10.10.10.00.00.00.00.0−0.00.00.0
Free cash flow $B··········−0.0−0.0−0.0−0.2−0.0−0.0
EPS, diluted $2.853.083.722.183.012.852.551.950.530.790.140.220.14−0.010.810.11
Dividend / sh $1.201.121.040.940.870.800.750.540.340.200.200.200.200.05··
Payout %4236284329282927642813793146−4820·
ROE %8.19.412.37.411.311.211.010.02.74.00.71.10.7−0.04.00.6
Shares out B0.040.040.040.040.030.030.030.030.030.030.030.040.040.050.05·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 47 reconciliationsAUDITED

Reconciled in 16 of 19 fiscal years. 10 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityNational Commercial Banks
Listed onNYSE
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2010

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