📊 NBHC Key Takeaways
Is National Bank Holdings Corp (NBHC) a Good Investment?
National Bank Holdings exhibits critical operational stress with negative operating cash flow of -$56.8M and an interest coverage ratio of only 0.5x, indicating the company cannot service its debt from operations. Combined with anemic returns (ROE 1.2%, ROA 0.2%), declining EPS despite modest net income growth, and persistently negative free cash flow, the company faces structural profitability challenges that threaten financial stability.
NBHC demonstrates stable profitability for a bank with ROA around 1% and modest net income growth, supported by strong capital levels and minimal long‑term debt. However, revenue is flat and EPS declined, signaling limited per‑share growth and potential pressure from funding costs. Fundamentals look resilient but not clearly accelerating, warranting a neutral stance.
National Bank Holdings Corp Key Strengths (NBHC)
- Conservative capital structure with low debt/equity ratio of 0.12x
- Adequate liquidity position with $472.8M in cash and equivalents
- Positive net income of $20.8M with slight year-over-year growth of 0.8%
- Solid ROA (~1.1%) with stable net income growth
- Strong capital and low structural leverage (D/E ~0.04x) with healthy cash
- Robust operating cash flow and low capex supporting FCF
NBHC Stock Risks: National Bank Holdings Corp Investment Risks
- Critical: Unable to cover interest expenses from operations (0.5x interest coverage)
- Severe negative cash flow: Operating cash flow -$56.8M, free cash flow -$58.7M
- Weak profitability returns: ROE 1.2% and ROA 0.2% well below sector norms; diluted EPS declining 7.5% YoY
- Revenue base of $11.3M appears anomalously small relative to $12.6B asset base, suggesting data quality issues or limited revenue recognition
- EPS decline (-7.5% YoY) indicating dilution or margin pressure
- Funding cost and rate sensitivity potentially compressing NIM
- Credit normalization risk increasing charge‑offs and provisions
Key Metrics to Watch
- Operating cash flow trend and path to positive cash generation
- Interest coverage ratio progression toward sustainable levels (>2.5x)
- Return on equity and return on assets improvement toward competitive benchmarks
- Diluted EPS trajectory reversal and reconciliation with net income growth
- Net interest margin (NIM) and deposit costs
- Credit quality: NPL ratio, charge‑offs, and reserve coverage
National Bank Holdings Corp (NBHC) Financial Metrics & Key Ratios
💡 AI Analyst Insight
The current ratio below 1.0x warrants monitoring of short-term liquidity.
NBHC Profit Margin, ROE & Profitability Analysis
NBHC vs Finance Sector: How National Bank Holdings Corp Compares
How National Bank Holdings Corp compares to Finance sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is National Bank Holdings Corp Stock Overvalued? NBHC Valuation Analysis 2026
Based on fundamental analysis, National Bank Holdings Corp has mixed fundamental signals relative to the Finance sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
National Bank Holdings Corp Balance Sheet: NBHC Debt, Cash & Liquidity
NBHC Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: National Bank Holdings Corp's revenue has grown significantly by 25% over the 5-year period, indicating strong business expansion. The most recent EPS of $3.72 reflects profitable operations.
NBHC Revenue Growth, EPS Growth & YoY Performance
NBHC Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q1 2026 | $10.8M | $20.8M | $0.46 |
| Q3 2025 | $11.3M | $33.1M | $0.86 |
| Q2 2025 | $11.1M | $26.1M | $0.68 |
| Q1 2025 | $10.8M | $24.2M | $0.63 |
| Q3 2024 | $12.1M | $33.1M | $0.86 |
| Q2 2024 | $11.7M | $26.1M | $0.68 |
| Q1 2024 | $10.1M | $31.4M | $0.82 |
| Q3 2023 | $9.5M | $15.8M | $0.50 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
National Bank Holdings Corp Dividends, Buybacks & Capital Allocation
NBHC SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for National Bank Holdings Corp (CIK: 0001475841)
📋 Recent SEC Filings
| Date | Form | Document | Action |
|---|---|---|---|
| May 21, 2026 | 4 | xslF345X06/form4-05212026_080556.xml | View → |
| May 12, 2026 | 8-K | nbhc-20260507x8k.htm | View → |
| May 8, 2026 | 4 | xslF345X06/form4-05082026_080536.xml | View → |
| May 8, 2026 | 4 | xslF345X06/form4-05082026_080509.xml | View → |
| May 8, 2026 | 4 | xslF345X06/form4-05082026_080512.xml | View → |
❓ Frequently Asked Questions about NBHC
What is the AI rating for NBHC?
National Bank Holdings Corp (NBHC) has a Combined AI Grade of C from Claude (C) and ChatGPT (B) with 68% combined confidence, based on fundamental analysis of SEC EDGAR filings.
What are NBHC's key strengths?
Claude: Conservative capital structure with low debt/equity ratio of 0.12x. Adequate liquidity position with $472.8M in cash and equivalents. ChatGPT: Solid ROA (~1.1%) with stable net income growth. Strong capital and low structural leverage (D/E ~0.04x) with healthy cash.
What are the risks of investing in NBHC?
Claude: Critical: Unable to cover interest expenses from operations (0.5x interest coverage). Severe negative cash flow: Operating cash flow -$56.8M, free cash flow -$58.7M. ChatGPT: EPS decline (-7.5% YoY) indicating dilution or margin pressure. Funding cost and rate sensitivity potentially compressing NIM.
What is NBHC's revenue and growth?
National Bank Holdings Corp reported revenue of $11.3M.
Does NBHC pay dividends?
National Bank Holdings Corp pays dividends, with $14.7M distributed to shareholders in the trailing twelve months.
Where can I find NBHC SEC filings?
Official SEC filings for National Bank Holdings Corp (CIK: 0001475841) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is NBHC's EPS?
National Bank Holdings Corp has a diluted EPS of $0.46.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.
What is NBHC's fundamental grade?
Based on our AI fundamental analysis in May 2026, National Bank Holdings Corp has a C grade with 68% confidence. Review the strengths and risks sections above for full context. This is not investment advice.
Is NBHC stock overvalued or undervalued?
Valuation metrics for NBHC: ROE of 1.2% (sector avg: 12%), net margin of 183.3% (sector avg: 25%). Compare these metrics with sector averages to assess valuation.
What is NBHC's AI grade for 2026?
Our dual AI analysis gives National Bank Holdings Corp a combined C grade for 2026. Revenue is data pending, with profitability above sector average. Always conduct your own research.
What is NBHC's free cash flow?
National Bank Holdings Corp's operating cash flow is $-56.8M, with capital expenditures of $1.9M. FCF margin is -517.7%.
How does NBHC compare to other Finance stocks?
Vs Finance sector averages: Net margin 183.3% (avg: 25%), ROE 1.2% (avg: 12%), current ratio N/A (avg: 1.2).