National Bank Holdings Corp (NBHC) Financial Statements
Industry: National Commercial Banks
In fiscal 2025, National Bank reported revenue of $416.1M, up 2.3% from $406.6M the year before. Net income was $109.6M (a 26.3% net margin), or $2.85 per diluted share. Net interest income was $348.5M, and the efficiency ratio (noninterest expense / revenue) was 63.6%. Operating activities generated $162.4M of cash. At fiscal year end, National Bank held $9.88B in total assets against $8.50B in total liabilities, including $417.1M of cash and equivalents.
Open the full interactive National Bank financials → Quarterly statements, key ratios, valuation history and price charts.
National Bank Key Stats
| Share Price | $37.56 |
|---|---|
| Market Cap | $1.69B |
| P/E Ratio | 13.2 |
| Dividend Yield | 3.11% |
| Revenue YoY Growth | +2.3% |
| 52-Week Range | $34.48 – $46.71 |
| Shares Outstanding | 44.7 million (basic, 2026 Q2) |
National Bank Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Net Interest Income | $192.9M | $187.1M | $266.8M | $362.0M | $345.4M | $348.5M |
| Provision for Credit Losses | $17.6M | -$9.3M | $36.7M | $8.3M | $6.8M | $17.8M |
| Noninterest Income | $140.3M | $110.4M | $67.3M | $63.9M | $61.2M | $67.6M |
| Noninterest Expense | $206.2M | $191.8M | $211.2M | $242.0M | $254.6M | $264.6M |
| Revenue | $333.2M | $297.5M | $334.1M | $425.9M | $406.6M | $416.1M |
| Pre-Tax Income | $109.4M | $115.0M | $86.2M | $175.6M | $145.2M | $133.6M |
| Income Tax | $20.8M | $21.4M | $14.9M | $33.6M | $26.4M | $24.1M |
| Net Income | $88.6M | $93.6M | $71.3M | $142.0M | $118.8M | $109.6M |
| Diluted EPS | $2.85 | $3.01 | $2.18 | $3.72 | $3.08 | $2.85 |
National Bank Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $108.9M | $100.6M | $126.8M | $129.1M |
| Net Income | $35.3M | $16.0M | $20.8M | $26.5M |
| Diluted EPS | $0.92 | $0.42 | $0.46 | $0.58 |
National Bank Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $605.6M | $845.7M | $195.5M | $190.8M | $127.8M | $417.1M |
| Loans (Net) | — | — | — | $7.60B | $7.66B | $7.35B |
| Total Assets | $6.66B | $7.21B | $9.57B | $9.95B | $9.81B | $9.88B |
| Deposits | $5.68B | $6.23B | $7.87B | $8.19B | $8.24B | $8.29B |
| Total Long-Term Debt | — | $39.5M | $53.9M | $54.2M | $54.5M | $54.5M |
| Total Liabilities | $5.84B | $6.37B | $8.48B | $8.74B | $8.50B | $8.50B |
| Shareholders' Equity | $820.7M | $840.1M | $1.09B | $1.21B | $1.31B | $1.39B |
National Bank Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | -$9.9M | $179.5M | $214.6M | $166.9M | $155.3M | $162.4M |
| Cash From Investing | -$148.9M | -$473.8M | -$752.1M | -$404.0M | $64.7M | $186.5M |
| Cash From Financing | $654.2M | $529.0M | -$114.2M | $230.9M | -$284.4M | -$59.7M |
| Dividends Paid | $24.8M | $26.9M | $30.4M | $39.6M | $42.9M | $46.1M |
Figures from National Bank's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full National Bank financials page for every line item.
National Bank Company Profile
| Ticker | NBHC |
|---|---|
| Exchange | NYSE |
| Industry | National Commercial Banks |
| Headquarters | Greenwood Village, Colorado |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001475841 |
Frequently Asked Questions
What was National Bank's revenue in fiscal 2025?
National Bank (NBHC) reported revenue of $416.1M for fiscal 2025.
What is National Bank's annual revenue history?
National Bank's annual revenue by fiscal year: 2020: $333.2M; 2021: $297.5M; 2022: $334.1M; 2023: $425.9M; 2024: $406.6M; 2025: $416.1M.
What was National Bank's net income in fiscal 2025?
National Bank reported net income of $109.6M for fiscal 2025.
What was National Bank's earnings per share (EPS) in fiscal 2025?
National Bank's diluted EPS was $2.85 for fiscal 2025 (adjusted for any later stock splits).
What was National Bank's revenue last quarter?
In its most recent reported quarter (2026 Q2), National Bank reported revenue of $129.1M.
How much debt does National Bank have?
National Bank reported $54.5M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of National Bank are outstanding?
National Bank reported a weighted average of 44.7 million basic shares outstanding in 2026 Q2.
What is National Bank's market cap?
Based on its latest closing price, National Bank (NBHC) has a market capitalization of about $1.69B.
When does National Bank's fiscal year end?
National Bank's fiscal year end, as registered with the SEC, is December 31.
Where is National Bank headquartered?
National Bank lists its business address in Greenwood Village, Colorado in its SEC filings.