(NBHC) National Bank Holdings - Overview
Sector: Financial Services | Industry: Banks - Regional | Exchange: NYSE (USA) | Market Cap: 1.857m USD | Total Return: 18.6% in 12m
Avg Turnover: 12.3M
EPS Trend: -74.6%
Qual. Beats: 0
Rev. Trend: 77.2%
Qual. Beats: 0
Warnings
Choppy Below Avwap Earnings
Tailwinds
No distinct edge detected
National Bank Holdings Corporation (NYSE: NBHC) is a regional bank holding company headquartered in Greenwood Village, Colorado. Operating primarily through NBH Bank, the company provides a comprehensive suite of commercial, small business, and consumer banking services across the Western and Midwestern United States, including Colorado, Kansas, Texas, Utah, Wyoming, New Mexico, and Idaho.
The business model focuses on diversified lending, including commercial and industrial (C&I) loans, agriculture financing, and non-owner occupied commercial real estate. Regional banks like NBHC often rely on a high percentage of core deposits to fund localized loan portfolios, serving as a primary source of credit for small to mid-sized enterprises within their geographic footprint.
In addition to traditional lending, the company provides treasury management and fraud prevention services to business clients. Investors looking for deeper fundamental insights may find ValueRay helpful for further analysis. NBHC’s operational structure is designed to capture growth in emerging Western markets while maintaining a traditional community banking service model.
- Net interest margin expansion driven by Rocky Mountain region population growth
- Strategic acquisitions of community banks accelerate deposit base and loan scale
- Commercial and industrial loan demand sensitive to agricultural and energy cycles
- 2TBA fintech platform adoption scales non-interest income and treasury service revenue
- Higher credit costs in commercial real estate portfolio impact overall profitability
| Net Income: 106.1m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA -0.20 > 1.0 |
| NWC/Revenue: -385.9% < 20% (prev -1.28k%; Δ 895.1% < -1%) |
| CFO/TA 0.01 > 3% & CFO 66.0m > Net Income 106.1m |
| Net Debt (-858.8m) to EBITDA (169.6m): -5.07 < 3 |
| Current Ratio: 0.31 > 1.5 & < 3 |
| Outstanding Shares: last quarter (38.2m) vs 12m ago -0.13% < -2% |
| Gross Margin: 70.68% > 18% (prev 0.65%; Δ 7.00k% > 0.5%) |
| Asset Turnover: 5.43% > 50% (prev 5.85%; Δ -0.42% > 0%) |
| Interest Coverage Ratio: 0.78 > 6 (EBITDA TTM 169.6m / Interest Expense TTM 178.3m) |
| A: -0.19 (Total Current Assets 1.08b - Total Current Liabilities 3.46b) / Total Assets 12.6b |
| B: 0.05 (Retained Earnings 578.5m / Total Assets 12.6b) |
| C: 0.01 (EBIT TTM 138.8m / Avg Total Assets 11.4b) |
| D: 0.05 (Book Value of Equity 531.0m / Total Liabilities 10.9b) |
| Altman-Z'' = -0.96 = CCC |
As of May 24, 2026, the stock is trading at USD 41.92 with a total of 147,408 shares traded.
Over the past week, the price has changed by +2.99%,
over one month by +1.20%,
over three months by +5.48% and
over the past year by +18.59%.
National Bank Holdings has received a consensus analysts rating of 3.50. Therefore, it is recommended to hold NBHC.
- StrongBuy: 1
- Buy: 0
- Hold: 3
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 48.3 | 15.1% |
P/E Forward = 13.7931
P/S = 4.3258
P/B = 1.0979
P/EG = 1.5672
Revenue TTM = 616.8m USD
EBIT TTM = 138.8m USD
EBITDA TTM = 169.6m USD
Long Term Debt = 202.1m USD (from longTermDebt, last quarter)
Short Term Debt = 17.0m USD (from shortTermDebt, last quarter)
Debt = 219.1m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -858.8m USD (calculated: Debt 219.1m - CCE 1.08b)
Enterprise Value = 997.8m USD (1.86b + Debt 219.1m - CCE 1.08b)
Interest Coverage Ratio = 0.78 (Ebit TTM 138.8m / Interest Expense TTM 178.3m)
EV/FCF = 9.39x (Enterprise Value 997.8m / FCF TTM 106.2m)
FCF Yield = 10.65% (FCF TTM 106.2m / Enterprise Value 997.8m)
FCF Margin = 17.22% (FCF TTM 106.2m / Revenue TTM 616.8m)
Net Margin = 17.21% (Net Income TTM 106.1m / Revenue TTM 616.8m)
Gross Margin = 70.68% ((Revenue TTM 616.8m - Cost of Revenue TTM 180.8m) / Revenue TTM)
Gross Margin QoQ = 69.32% (prev 71.48%)
Tobins Q-Ratio = 0.08 (Enterprise Value 997.8m / Total Assets 12.6b)
Interest Expense / Debt = 81.39% (Interest Expense 178.3m / Debt 219.1m)
Taxrate = 19.85% (5.15m / 25.9m)
NOPAT = 111.3m (EBIT 138.8m * (1 - 19.85%))
Current Ratio = 0.09 (Total Current Assets 1.08b / Total Current Liabilities 11.6b)
Debt / Equity = 0.13 (Debt 219.1m / totalStockholderEquity, last quarter 1.66b)
Debt / EBITDA = -5.07 (Net Debt -858.8m / EBITDA 169.6m)
Debt / FCF = -8.08 (Net Debt -858.8m / FCF TTM 106.2m)
Total Stockholder Equity = 1.44b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.93% (Net Income 106.1m / Total Assets 12.6b)
RoE = 7.35% (Net Income TTM 106.1m / Total Stockholder Equity 1.44b)
RoCE = 8.43% (EBIT 138.8m / Capital Employed (Equity 1.44b + L.T.Debt 202.1m))
RoIC = 0.88% (NOPAT 111.3m / Invested Capital 12.6b)
WACC = 7.99% (E(1.86b)/V(2.08b) * Re(8.93%) + (debt cost/tax rate unavailable))
Discount Rate = 8.93% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -15.91 | Cagr: 0.02%
[DCF] Terminal Value 75.62% ; FCFF base≈105.7m ; Y1≈107.3m ; Y5≈116.3m
[DCF] Fair Price = 59.46 (EV 1.80b - Net Debt -858.8m = Equity 2.66b / Shares 44.8m; r=8.35% [WACC [floored]]; 5y FCF grow 1.38% → 2.50% )
EPS Correlation: -74.62 | EPS CAGR: -5.61% | SUE: 0.57 | # QB: 0
Revenue Correlation: 77.25 | Revenue CAGR: 6.83% | SUE: 0.80 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.81 | Chg30d=+0.06% | Revisions=+25% | Analysts=4
EPS next Quarter (2026-09-30): EPS=0.92 | Chg30d=+2.00% | Revisions=+25% | Analysts=4
EPS current Year (2026-12-31): EPS=3.47 | Chg30d=+4.08% | Revisions=+25% | GrowthEPS=+13.4% | GrowthRev=+28.4%
EPS next Year (2027-12-31): EPS=4.13 | Chg30d=+3.03% | Revisions=+33% | GrowthEPS=+18.9% | GrowthRev=+6.8%
[Analyst] Revisions Ratio: +33%