National Bank Holdings Completes Vista Bancshares Acquisition

National Bank Holdings ( (NBHC) ) has shared an update.

On January 7, 2026, National Bank Holdings Corporation completed its acquisition of Vista Bancshares, Inc. and the merger of Vista Bank into NBH Bank, in a stock-and-cash transaction valued at approximately $377.4 million based on NBHC’s January 6, 2026 closing share price. Vista shareholders received a mix of NBHC Class A common stock and $31.62 in cash per share, will own about 16% of NBHC on a fully diluted basis, and are also entitled to related option and warrant cash-outs, with a portion of the cash consideration held in escrow pending a tangible common equity adjustment. With the deal closed, NBHC’s pro forma balance sheet rises to roughly $12.6 billion in assets and $10.7 billion in deposits, and the combined organization gains an enlarged presence in high-growth markets including Dallas–Fort Worth, Austin, Lubbock and Palm Beach; NBHC plans to adopt the Vista Bank brand in Texas and roll it out enterprise-wide later this year, except at Bank of Jackson Hole, with systems integration slated for the third quarter of 2026. The transaction also brings Vista veteran Kirk A. McLaughlin onto NBHC’s board, while Chairman and CEO G. Timothy Laney and President Aldis Birkans received sizable restricted stock awards tied in part to achieving successful integration, rebranding and cost-savings targets, underscoring the strategic importance of the Vista deal to NBHC’s growth ambitions and regional competitive positioning.

The most recent analyst rating on (NBHC) stock is a Buy with a $45.00 price target. To see the full list of analyst forecasts on National Bank Holdings stock, see the NBHC Stock Forecast page.

Spark’s Take on NBHC Stock

According to Spark, TipRanks’ AI Analyst, NBHC is a Outperform.

NBHC scores well primarily due to solid financial strength (strong balance sheet and healthy profitability) and a favorable value/income profile (moderate P/E with a ~3% yield). Supportive technicals and a positive earnings update (strong profitability and improving credit quality) further help, while revenue pressure, competitive loan-growth headwinds, and elevated initiative/merger expenses temper the score.

To see Spark’s full report on NBHC stock, click here.

More about National Bank Holdings

National Bank Holdings Corporation is a U.S. bank holding company focused on building a leading community and regional banking franchise. Through its subsidiaries NBH Bank and Bank of Jackson Hole Trust, it operates more than 100 banking centers serving consumers, businesses, governments and non-profits across Colorado, the greater Kansas City region, Utah, Wyoming, Texas, New Mexico and Idaho. The group offers a broad suite of commercial, business, retail and mortgage banking services, as well as trust and wealth management, under multiple regional brands including Community Banks of Colorado, Bank Midwest, Hillcrest Bank, Bank of Jackson Hole and, in Texas, Vista Bank.

Average Trading Volume: 314,437

Technical Sentiment Signal: Strong Buy

Current Market Cap: $1.48B

Learn more about NBHC stock on TipRanks’ Stock Analysis page.