📈 Price History

Ratio Health

— Excellent

— Good

— Average

— Poor

By Category

📊 Sector Averages

About

National Bank Holdings Corporation operates as the bank holding company for NBH Bank that provides various banking products and financial services to commercial, business, and consumer clients in the United States. It offers deposit products, including checking, savings, money market, health savings, and other deposit accounts, including fixed-rate and fixed maturity time deposits. The company also provides commercial and industrial loans and leases, such as working capital loans, equipment loans, lender finance loans, food and agriculture loans, government and non-profit loans, owner occupied commercial real estate loans, and other commercial loans and leases; non-owner occupied commercial real estate loans consisting of loans on commercial properties, such as hospitality, office buildings, warehouse/distribution buildings, multi-family, and retail buildings; small business administration loans to support small businesses and entrepreneurs; term loans, line of credits, and real estate secured loans; residential real estate loans; and consumer loans. In addition, it offers treasury management solutions comprising online and mobile banking, commercial credit card, wire transfer, automated clearing house, electronic bill payment, lock box, remote deposit capture, merchant processing, cash vault, controlled disbursements, and fraud prevention services, as well as positive pay and other auxiliary services, including account reconciliation, collections, repurchase accounts, zero balance accounts, and sweep accounts. The company operates through a network of banking centers located in Colorado, the greater Kansas City region, Texas, Utah, Wyoming, New Mexico and Idaho. It also operates ATMs. The company was formerly known as NBH Holdings Corp. and changed its name to National Bank Holdings Corporation in March 2012. The company was incorporated in 2009 and is headquartered in Greenwood Village, Colorado.

Key Ratios Snapshot

📈 Growth Pattern

⚡ Latest Quarter —

See full financials →

📊 Quick Scorecard

Loading…

⭐ Superinvestors Holding NBHC

View All Superinvestors →

Manager	Shares	Value	% of Fund	Period
Jim Simons Renaissance Technologies LLC	794.1K	$31.1M	0.05%	Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

🔍 Concall Decoded

🎙 Management Tone Tracker Confident Specific → Stable 4 quarters analysed

Q2 2025

Confident Specific

Management used precise figures (e.g., 26% loan funding increase over Q1, NIM of 3.95%, TCE ratio 10.5%) and provided detailed guidance for H2 2025. They proactively framed loan reductions and expense cuts as strategic moves, signaling control over outcomes.

Q3 2025

Confident Specific

Management proudly cites specific metrics like $0.96 adjusted EPS, 14.72% ROTCE, and 3.98% NIM, and gives explicit guidance ranges for NIM, non-interest income, and core expenses. They directly answer most questions with concrete numbers, showing confidence in their performance and strategy.

Q4 2025

Confident Specific

Management repeatedly used definitive numbers and forward guidance (10% loan growth, ~4% margin, $1 EPS in Q4 2026, >$4 EPS in 2027) and described a 'clean slate' entering 2026 with a 'beautiful 2026' outlook. The tone was assertive about credit cleanup and Vista integration, with explicit numeric targets for the combined entity.

Q1 2026 latest

Confident Specific

Management uses definitive language such as 'outstanding Q1 quarter', 'record quarterly loan fundings', 'net interest margin expanded to 4.06%', and provides exact figures for EPS, loan growth, and cost guidance, while repeatedly stating confidence in achieving $1 EPS by Q4.

Guidance Reliability Pending · <3Q data

Investor Lens

The investment thesis appears stronger after this call. The company delivered organic loan growth well above its full-year target, expanded margin above 4%, and gave clear line-of-sight to $1 EPS in Q4. Integration of Vista is proceeding well, attracting top talent and realizing early cost synergies. However, fee income must ramp in the second half to hit guidance, and 2UniFi progress remains opaque with no partnership updates. Next quarter, focus on margin stability post-Q3 system conversion, expense run rate trajectory, and loan growth sustainability against the 10% target.

AI-generated concall tone analysis · Updated 2026-06-09 · Not investment advice

🎙 Management Tone Confident Specific → Stable 4 quarters Full tone analysis in Intelligence →

📊 MIXED NBHC Q1 2026: Record loan originations, margin 4.06%, on track for $1 EPS in Q4

Revenue & Profitability

Q1 2026 adjusted net income was $32.6 million ($0.72 per diluted share), up 43% from the prior quarter. Fully taxable equivalent net interest income was $111 million, up 25.7% linked quarter. Non-interest income was $18 million, up 16.9% year-over-year. Non-interest expense excluding acquisition costs was $81.5 million; full-year 2026 expense guidance is $320–330 million. Net charge-offs were 8 basis points for the quarter (34 bps annualized). Provision expense was $4 million, primarily to support loan growth.

Outlook

Management views Texas as one of the most attractive banking markets in the country due to its pro-business environment, diverse economy, population growth, and business migration. Resort communities are also creating meaningful opportunities for banks that pair local knowledge with personalized service. The company expects continued strong loan pipelines and momentum, with full-year loan growth guidance of approximately 10%.

Growth Drivers

Key growth levers include record loan originations of $805 million in Q1, diversified across asset classes and geographies, driving 12.4% annualized organic loan growth on top of acquired Vista loans. The trust and wealth management business has doubled assets under management to $1.4 billion over three years, contributing double-digit fee growth. The company is adding new bankers and expanding treasury management, wealth services, and residential mortgage offerings in Texas and resort markets.

Balance Sheet & CapEx

Not discussed in this earnings call beyond mention of 2UniFi expenses of $22 million for the year (flat year-over-year) with a cash burn of approximately $10 million. The company continues to invest in growth by adding bankers, with incremental run-rate expense of about $4 million annually from hires made in Q1. No specific CapEx guidance was provided.

Margins

Net interest margin expanded 17 basis points to 4.06% in Q1, driven by a 24-basis point increase in earning asset yields. Management expects NIM to remain near 4% for the remainder of 2026, supported by loan origination rates of 6.4% and stable low deposit costs (1.94%). The company is realizing cost efficiencies from the Vista acquisition and expects expenses to trend down after the Q3 system conversion, with full-year expense guidance of $320–330 million.

Key Risks

Risks flagged include the need to drive higher deposit account openings and loan fundings on the 2UniFi platform despite strong early engagement metrics. Q1 net charge-offs (34 bps annualized) were higher than recent quarters, though criticized/classified loans reached four-year lows. Management also noted normal seasonality and remixing of deposits post-Vista acquisition. Forward-looking statements carry uncertainties as detailed in SEC filings.

Generated by AI · Q1 2026 results · Not investment advice

✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter

🔍

🔎 See cross-company document search → ?

📞 Earnings Call Transcripts (5)

Q2 2026 Q2 2026 2026-07-22

Record loan production and 10% year-to-date loan growth drove strong Q2 results, with robust credit quality, top-quartile margins, and successful Vista integration. Full-year guidance for loan growth, margin, and expenses reaffirmed, with EPS expected to exceed $1 in Q4 2026.

Q1 2026 Q1 2026 2026-04-22

Record Q1 loan fundings, strong net interest margin, and Vista acquisition drove robust growth. Guidance for 2026 remains positive, with $1+ EPS targeted for Q4, expense synergies expected post-integration, and capital ratios well above regulatory thresholds.

Q4 2025 Q4 2025 2026-01-28

Vista Bank acquisition closed, driving expanded presence in Texas and resort markets. Adjusted Q4 net income was $22.7M, with 2026 guidance for 10% loan growth, 4% NIM, and $75–$80M non-interest income. 2UniFi platform launched, with $2–$4M revenue projected for 2026.

Q3 2025 Q3 2025 2025-10-22

Q3 saw strong adjusted earnings, margin expansion, and robust C&I loan growth, despite CRE paydown headwinds and elevated 2UniFi expenses. The Vista Bancshares merger is on track, with integration expected to boost treasury and wealth management capabilities.

Q2 2025 Q2 2025 2025-07-23

Second quarter saw $323M in new loan production, margin expansion to 3.95%, and a successful 2Unify platform launch. Expense reductions lowered the annualized personnel run rate by 10%, and guidance calls for mid-single-digit loan growth in H2 2025.

📊 Analysis Methodology

This comprehensive investment analysis was conducted using The Finmagine™ Stock Analysis & Ranking Methodology, a proprietary framework that systematically evaluates stocks across five critical dimensions: Financial Health, Growth Prospects, Competitive Positioning, Management Quality, and Valuation.

🎯

Discover Our Proven Investment Framework Learn how we analyze and rank stocks using advanced quantitative models, multi-dimensional scoring systems, and dynamic discriminatory ranking techniques that have guided successful investment decisions across market cycles.

📊 Explore The Finmagine™ Methodology

A comprehensive, bias-free framework for analyzing and ranking stocks by Financial Strength, Growth Potential, Competitive Edge, Management Quality, and Value.

⚠️ Important Disclaimers — Please read without fail.

Investment Risk:
Investing in securities, including US equities and ETFs, involves inherent risks including the potential loss of principal. All investments are subject to market fluctuations, economic conditions, regulatory changes, and other factors that may affect their value. Past performance is not indicative of future results. This analysis is provided for informational and educational purposes only and should not be construed as investment advice under any circumstances.

No Investment Recommendation:
This analysis does not constitute, nor should it be interpreted as, an offer, solicitation, or recommendation to buy, sell, or hold any securities or financial products. Investors are strongly advised to conduct their own independent research and due diligence and to consult with a licensed financial advisor or an SEC-registered investment adviser before making any investment decisions, taking into account their individual financial situation, risk tolerance, and investment objectives.

Not SEC-Registered:
Finmagine is not registered as an investment adviser with the U.S. Securities and Exchange Commission (SEC) or any state securities authority. Nothing on this platform constitutes investment advice as defined under the Investment Advisers Act of 1940.

Conflict of Interest Disclosure:
The author and/or analyst may currently hold or have previously held positions in the securities discussed. Any such positions are not intended to influence the objectivity or independence of the analysis. This research is produced independently and is not sponsored, endorsed, or commissioned by any company or institution.

Information Sources:
The analysis is based on publicly available information including SEC filings (10-K, 10-Q), annual reports, management commentary, and publicly available financial data. Information is believed to be accurate as of the date of publication but may be subject to change without notice. Readers are encouraged to independently verify all information before acting upon it.

Forward-Looking Statements:
This analysis may contain forward-looking statements, forecasts, or projections that are inherently subject to risks, uncertainties, and assumptions. Actual results may differ materially from those expressed or implied. Finmagine does not undertake any obligation to update such statements in the future.

Limitation of Liability:
The content is provided "as is" without any warranties, express or implied. Finmagine expressly disclaims any liability for errors, omissions, or any losses incurred as a result of reliance on the information provided. Readers assume full responsibility for their investment decisions.