National Bank Holdings (NBHC) financial statements
National Bank Holdings reported revenue of $47M in fiscal 2025, down 14.1% a year over 9 years.
Net income was $110M.
The diluted share count rose 31% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from National Bank Holdings's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $186M | $186M | $268M | $289M | $32M | $36M | $38M | $47M | $46M | $47M |
| Interest expense | $15M | $18M | $24M | $37M | $25M | $14M | $18M | $133M | — | — |
| Pre-tax income | $26M | $36M | $74M | $96M | $109M | $115M | $86M | $176M | $145M | $134M |
| Income tax | $3M | $21M | $12M | $16M | $21M | $21M | $15M | $34M | $26M | $24M |
| Net income | $23M | $15M | $61M | $80M | $89M | $94M | $71M | $142M | $119M | $110M |
| EPS (diluted) | $0.79 | $0.53 | $1.95 | $2.55 | $2.85 | $3.01 | $2.18 | $3.72 | $3.08 | $2.85 |
| Diluted shares | 29M | 28M | 31M | 32M | 31M | 31M | 33M | 38M | 38M | 38M |
| Net margin | 12.4% | 7.9% | 22.9% | 27.8% | 273.8% | 261.8% | 189.3% | 302.7% | 257.3% | 232.4% |
Balance sheet
Fiscal years, from National Bank Holdings's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $153M | $257M | $110M | $110M | $606M | $846M | $196M | $191M | $128M | $417M |
| Property, plant and equipment | $96M | $94M | $110M | $112M | $107M | $97M | $136M | $163M | $197M | $215M |
| Goodwill | $60M | $60M | $115M | $115M | $115M | $115M | $279M | $306M | $306M | $306M |
| Total assets | $4.6B | $4.8B | $5.7B | $5.9B | $6.7B | $7.2B | $9.6B | $10.0B | $9.8B | $9.9B |
| Total liabilities | $4.0B | $4.3B | $5.0B | $5.1B | $5.8B | $6.4B | $8.5B | $8.7B | $8.5B | $8.5B |
| Shareholders' equity | $536M | $532M | $695M | $767M | $821M | $840M | $1.1B | $1.2B | $1.3B | $1.4B |
| Net debt | -$153M | -$257M | -$110M | -$110M | -$606M | -$846M | -$196M | -$191M | -$128M | -$417M |
Cash flow
Fiscal years, from National Bank Holdings's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$4M | $58M | $74M | $44M | -$6M | $180M | $215M | $167M | $155M | $162M |
| Stock-based compensation | $3M | $4M | $4M | $5M | $5M | $6M | $6M | $7M | $8M | $7M |
| Dividends paid | $6M | $9M | $17M | $24M | $25M | $27M | $30M | $40M | $43M | $46M |
| Share buybacks (net) | -$94M | — | — | — | -$19M | -$36M | — | — | — | -$15M |
| Net borrowing | — | — | — | — | — | $40M | — | — | — | — |
| Dividends per share | $0.22 | $0.34 | $0.53 | $0.75 | $0.80 | $0.87 | $0.93 | $1.04 | $1.12 | $1.21 |
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What was National Bank Holdings's revenue in 2025?
$47M in fiscal 2025, from its 10-K filing.
From National Bank Holdings's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.