National Bank Holdings Corporation (NBHC) AI Stock Analysis

National Bank Holdings Corporation serves as the bank holding company for NBH Bank, providing banking products and financial services to commercial, business, and consumer clients across the United States. Established in 2009 and based in Greenwood Village, Colorado, the company offers deposit solutions including checking, savings, money market accounts, and fixed maturity time deposits. Lending operations focus on commercial and industrial loans, equipment financing, agriculture, government and non-profit loans, as well as owner-occupied and non-owner occupied commercial real estate loans covering office buildings, warehouses, and hospitality venues. It also provides Small Business Administration loans and treasury management solutions.

Over a five-year period from FY2020 to FY2025, revenue expanded at a compound annual growth rate of 10.5%. Annual revenue peaked at $594.3M in FY2024 before dipping 1.7% to $583.9M in FY2025, when net income totaled $109.6M and diluted EPS was $3.03. Operating margin held steady at 24.4% in FY2024 and FY2025, while gross margin was 69.2% in FY2025. Over the trailing twelve months, revenue reached $452.3M with an operating margin of 28.6% and net profit margin of 21.8%. For the latest quarter ended June 30, 2026, quarterly revenue grew 22.1% year-over-year, while quarterly earnings declined 34.1%.

As of June 30, 2026, National Bank Holdings held $1.82B in cash and short-term investments against total debt of $347.2M, resulting in a net cash position of $1.48B. Total assets stood at $12.59B and shareholders' equity was $1.67B, supported by a debt-to-equity ratio of 0.21 and a current ratio of 90.10. Operating cash flow in FY2025 was $162.4M, producing $132.5M in free cash flow after $29.9M of capital expenditures. In FY2025, capital allocation included $46.1M in dividends paid and $15.2M in share buybacks.

At $37.92 per share, NBHC trades at a trailing price-to-earnings multiple of 15.9x and a forward P/E of 13.8x. Both multiples represent a premium to the median of its US-listed Financial Services peers, which trade at 12.1x trailing earnings and 10.8x forward earnings. The stock's price-to-sales ratio is 3.7x compared to the peer median of 3.2x, while its price-to-book ratio is 1.1x. Over the past year, NBHC shares gained 9.9% versus a 16.8% return for the S&P 500, and its 5-year return of 5.4% trails the benchmark's 83.0% gain.

NBHC pays a quarterly dividend totaling an annualized $1.28 per share, which corresponds to a dividend yield of 3.38% as of October 16, 2026. The dividend has been paid for 15 consecutive years and reflects an annualized 5-year growth rate of 8.4%. The company's payout ratio stands at 42.0%, and its last ex-dividend date was August 28, 2026.

Wall Street coverage includes 4 analysts, consisting of 1 Strong Buy, 1 Buy, and 2 Hold ratings. The mean price target is $44.00, representing a 16.0% upside relative to the last close of $37.92. Over the last 4 quarters, NBHC exceeded EPS estimates 2 times. For the fiscal year ending December 31, 2026, consensus estimates project EPS of $2.94 on revenue of $533.0M. For FY2027, analysts expect EPS to expand 34.5% to $3.95 on revenue of $573.0M, with the next earnings announcement scheduled for October 27, 2026.

This page is an AI-written research summary of National Bank Holdings Corporation (NBHC). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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