National Bank Holdings (NBHC) AI Stock Analysis

• Market Cap: $1.43B
• Dividend Yield: 3.2%
• Average Volume (3M): 192.16K
• Price to Earnings (P/E): 13.0
• Beta (1Y): 0.84
• Revenue Growth: 1.63%
• EPS Growth: -16.82%
• Country: US
• Employees: 1,259
• Sector: Financial
• Sector Strength: 79
• Industry: Banks - Regional
• EPS (TTM): 0.63
• Shares Outstanding: 38,094,320
• 10 Day Avg. Volume: 230,524
• 30 Day Avg. Volume: 192,162
• PEG Ratio: -1.99
• Price to Book (P/B): 1.03
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 10.88
• Enterprise Value/Market Cap: 0.89
• Enterprise Value/Revenue: 0.54
• Enterprise Value/Gross Profit: 3.32
• Enterprise Value/Ebitda: 1.87
• 1Y Price Target: $39.67
• Price Target Upside: 5.81% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3

• Rating: 75 Outperform
• Price Target: $41.00 ▲(9.36%Upside)

National Bank Holdings is well-positioned with strong financial health, characterized by profitability, a solid balance sheet, and robust cash flow generation. Valuation metrics indicate fair value with an attractive dividend yield. Technical analysis suggests potential for price recovery, despite current bearish indicators. Earnings call information and corporate events are not available, thus not factored in.

National Bank Holdings Business Overview & Revenue Model

Company Description

National Bank Holdings Corporation (NBHC) is a bank holding company headquartered in Greenwood Village, Colorado. It operates primarily through its wholly-owned subsidiary, NBH Bank, which provides a comprehensive range of financial products and services to both individual and business clients. NBHC offers traditional banking services, including checking and savings accounts, personal and business loans, mortgages, wealth management, and investment advisory services. The company primarily serves communities in the Midwest and Southwest regions of the United States.

How the Company Makes Money

National Bank Holdings Corporation generates revenue through several key streams. The primary source of income is interest income from loans and advances made to individuals and businesses. This includes income from mortgages, personal loans, and commercial loans. The bank also earns interest from its investment portfolio, which includes various securities. In addition to interest income, NBHC generates non-interest income through fees and service charges on deposit accounts, wealth management services, and investment advisory fees. The company may also earn revenue from treasury management services, which are offered to its commercial clients. Partnerships with other financial service providers can contribute additional revenue through referral fees or joint product offerings. Overall, NBHC's profitability is influenced by factors such as interest rate environments, loan demand, and economic conditions in its operating regions.

National Bank Holdings Financial Statement Overview

Summary

National Bank Holdings demonstrates strong revenue growth, robust gross profit margins, and a solid equity base. However, the decrease in net profit margin and return on equity indicates potential areas for improvement.

Income Statement

National Bank Holdings shows a strong revenue growth with a 28.1% increase from 2023 to 2024 and robust gross profit margins consistently at 100% due to its business model. EBIT margin improved significantly to 98.7% in 2024, indicating efficient operations. However, net profit margin decreased from 33.8% in 2023 to 22.1% in 2024, suggesting rising expenses or strategic investments affecting net income.

Balance Sheet

The company maintains a solid equity base with an equity ratio of 13.3% in 2024, reflecting strong financial health and stability. The absence of total debt in 2024 is a positive indicator of low leverage. Return on equity decreased to 9.1% in 2024 from 11.7% in 2023, suggesting room for improved profitability.

Cash Flow

Free cash flow increased by 19.3% from 2023 to 2024, demonstrating effective cash management. The operating cash flow to net income ratio of 1.31 in 2024 indicates strong cash generation relative to earnings. However, the cash flow from financing activities is negative, which could indicate repayment of liabilities or strategic investments.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	590.47M	594.31M	553.56M	346.52M	306.15M	353.91M
Gross Profit	385.07M	394.68M	411.80M	291.94M	301.62M	311.22M
EBITDA	160.71M	169.44M	199.46M	102.63M	128.56M	123.85M
Net Income	111.57M	118.81M	142.05M	71.27M	93.61M	88.59M
Balance Sheet
Total Assets	10.10B	9.81B	9.95B	9.57B	7.21B	6.66B
Cash, Cash Equivalents and Short-Term Investments	880.67M	655.39M	819.65M	901.79M	1.54B	1.27B
Total Debt	155.34M	123.41M	413.83M	459.10M	62.25M	22.90M
Total Liabilities	8.77B	8.50B	8.74B	8.48B	6.37B	5.84B
Stockholders Equity	1.33B	1.31B	1.21B	1.09B	840.11M	820.69M
Cash Flow
Free Cash Flow	125.66M	120.68M	130.10M	202.20M	179.50M	-10.56M
Operating Cash Flow	164.94M	155.27M	166.94M	214.63M	179.50M	-6.21M
Investing Cash Flow	-156.44M	64.66M	-404.03M	-752.14M	-473.84M	-152.59M
Financing Cash Flow	-55.13M	-284.41M	230.90M	-114.20M	528.99M	654.18M

National Bank Holdings Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 37.49
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NBHC, the sentiment is Positive. The current price of 37.49 is above the 20-day moving average (MA) of 36.68, above the 50-day MA of 36.48, and below the 200-day MA of 40.65, indicating a neutral trend. The MACD of 0.16 indicates Negative momentum. The RSI at 56.67 is Neutral, neither overbought nor oversold. The STOCH value of 83.02 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for NBHC.

National Bank Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
STBA	77 Outperform	$1.46B	10.96	9.84%	3.58%	1.26%	-1.92%
STEL	77 Outperform	$1.42B	12.72	7.40%	1.99%	-0.58%	-3.02%
NBHC	75 Outperform	$1.43B	12.95	8.68%	3.20%	1.63%	-16.82%
GABC	75 Outperform	$1.47B	15.72	8.85%	2.97%	16.91%	-12.55%
CUBI	74 Outperform	$1.86B	14.82	8.14%	―	-5.67%	-44.11%
SRCE	72 Outperform	$1.52B	10.76	12.84%	2.46%	9.30%	15.19%
Sector *	67 Neutral	$16.66B	11.44	9.71%	3.92%	11.61%	-10.70%

National Bank Holdings Corporate Events

National Bank Holdings Announces Investor Meeting Materials

National Bank Holdings Corporation has announced its intention to use and make available certain materials for investor and analyst meetings, reflecting its ongoing commitment to transparency and stakeholder engagement. The release includes forward-looking statements, highlighting potential risks and uncertainties in the financial services industry, which could impact NBHC’s operations and market positioning.

National Bank Holdings Reports Q1 2025 Financial Results

On April 22, 2025, National Bank Holdings Corporation announced its financial results for the first quarter of 2025, reporting a net income of $24.2 million and earnings per diluted share of $0.63. The results were affected by a $10.2 million provision expense due to a loan charge-off involving suspected fraud. Despite this, the company maintained a solid net interest margin and improved its non-performing loan ratios. The bank’s strong capital position was recognized by Forbes as one of the best banks in the United States, with a Common Equity Tier 1 capital ratio of 13.6%.