SequelSEC

National Bank Holdings Corp NBHC

National Commercial Banks · CIK 0001475841 · Fiscal year ends 1231 · Bank

AnnualQuarterlyTTM
Revenue
$47.10M
Fiscal year ended 2025-12-31
Net income
$109.57M
Fiscal year ended 2025-12-31
Total assets
$9.88B
Fiscal year ended 2025-12-31

National Bank Holdings Corp (NBHC) reported revenue of $47.10M and net income of $109.57M for the fiscal year ended 2025-12-31. This page shows 6 annual periods of income statement, balance sheet and cash flow figures normalized from National Bank Holdings Corp’s SEC filings, each linked to the filing it came from. It is classified by the SEC under National Commercial Banks.

Banks, brokers and insurers present a top line that is not comparable with an operating company’s revenue: it is reported net of interest expense, or as premiums earned, depending on the filer. The figures are the filer’s own and are traceable to the filing; the comparison across classes is what does not hold.

Income

National Bank Holdings Corp income by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-31
Revenue$47.10M$45.79M$46.90M$38.30M$36.23M$32.40M
Cost of revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Gross profitUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Operating incomeUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Net income$109.57M$118.82M$142.05M$71.27M$93.61M$88.59M
Research & developmentUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Weighted-average diluted sharesshares 38.09Mshares 38.42Mshares 38.11Mshares 32.68Mshares 31.07Mshares 31.08M
Pretax income$133.63M$145.25M$175.60M$86.18M$114.97M$109.40M
Income tax expense$24.06M$26.43M$33.55M$14.91M$21.36M$20.81M
Diluted EPS$2.85$3.08$3.72$2.18$3.01$2.85
Selling, general & administrativeUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
General & administrativeUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Selling & marketingUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Balance

National Bank Holdings Corp balance by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-31
Cash & equivalents$417.06M$127.85M$190.83M$195.50M$845.70M$605.56M
Total assets$9.88B$9.81B$9.95B$9.57B$7.21B$6.66B
Current assetsUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Total liabilities$8.50B$8.50B$8.74B$8.48B$6.37B$5.84B
Current liabilitiesUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Total equity incl. NCI$1.39B$1.31B$1.21B$1.09B$840.11M$820.69M
Temporary (mezzanine) equityUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
InventoryUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Accounts receivableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Goodwill$306.04M$306.04M$306.04M$279.13M$115.03M$115.03M
Long-term debt$54.54M$54.51M$54.20M$53.89M$39.48MUnavailable
Accounts payableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Cash flow

National Bank Holdings Corp cash flow by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-31
Operating cash flow$162.42M$155.27M$166.94M$214.63M$179.50M-$6.21M
Capital expendituresUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Investing cash flow$186.49M$64.66M-$404.03M-$752.14M-$473.84M-$152.59M
Financing cash flow-$59.70M-$284.41M$230.90M-$114.20M$528.99M$654.18M
Net change in cash$289.21M-$64.48M-$6.19M-$651.70M$234.66M$495.38M
Stock-based compensation$7.25M$8.05M$7.22M$6.06M$5.54M$5.30M
Common dividends paid$46.06M$42.94M$39.64M$30.45M$26.89M$24.82M
Common share repurchases$15.17MUnavailableUnavailableUnavailable$36.40M$19.48M
Depreciation & amortization$28.10M$24.19M$23.85M$16.45M$13.58M$14.45M

Derived

National Bank Holdings Corp derived by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-31
Free cash flowUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Gross marginUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Operating marginUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
FCF marginUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
SBC / revenue15.4%17.6%15.4%15.8%15.3%16.4%
Current ratioUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Revenue YoY growth2.9%-2.4%22.5%5.7%11.8%Unavailable
Net margin232.6%259.5%302.8%186.1%258.3%273.5%
R&D / revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
CapEx / revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Long-term debt / equity0.04xUnavailableUnavailableUnavailableUnavailableUnavailable
Effective tax rate18.0%18.2%19.1%17.3%18.6%19.0%

Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open NBHC in the interactive workspace to inspect any figure back to its filing.

Source filings

10-Q · Filed 2026-08-05View SEC filing
10-Q · Filed 2026-05-07View SEC filing
10-K · Filed 2026-02-24View SEC filing
10-Q · Filed 2025-10-29View SEC filing
10-Q · Filed 2025-08-05View SEC filing
10-Q · Filed 2025-04-30View SEC filing

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Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.