National Bank Holdings (NBHC) Financial Statements & Analysis

National Bank Holdings (NBHC) Income Statement

National Bank Holdings reported revenue of $583.94M in fiscal 2025 (fiscal year ended Dec 31, 2025), down 1.7% from $594.31M a year earlier. Net income was $109.57M, down 7.8% year over year, a net margin of 18.8%. Gross margin was 69.2% and operating margin 24.4%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $127.74M, down 13.1% from the same quarter a year earlier.

National Bank Holdings Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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National Bank Holdings Corporation income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	583.94	594.31	417.57	346.52	306.15	353.91	327.77	292.17	203.63
Cost of Revenue	179.97	199.64	141.76	54.58	4.53	42.69	48.41	29.15	31.09
Gross Profit	403.97	394.68	411.80	291.94	301.62	311.22	279.35	263.02	172.54
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	154.55	155.62	77.91	130.91	131.86	145.14	136.43	132.03	92.82
Operating Expenses	261.24	249.43	236.20	205.75	186.65	201.83	183.16	189.33	136.68
Operating Income	142.73	145.25	175.60	86.18	114.97	109.40	96.19	73.68	35.86
Other Income/Expense
Interest Income	517.88	536.44	492.16	283.65	200.97	216.85	240.83	221.39	164.42
Interest Expense	171.27	192.88	133.46	17.85	13.82	25.06	36.77	23.95	18.12
Other Income/Expense	-9.10	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Income
Income Before Tax	133.63	145.25	175.60	86.18	114.97	109.40	96.19	73.68	35.86
Income Tax Expense	24.06	26.43	33.55	14.91	21.37	20.81	15.83	12.23	21.28
Net Income	109.57	118.82	142.05	71.27	93.61	88.59	80.37	61.45	14.58
Net Income - Continuous Operations	109.57	118.82	142.05	71.27	93.61	88.59	80.37	61.45	14.58
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	164.51	169.44	23.85	102.63	128.56	123.85	111.23	85.20	48.75
EBIT	-	-	-	-	-	-	-	-	-
Depreciation & Amortization	21.78	24.19	23.85	16.45	13.59	14.45	15.04	11.52	12.89
Earnings Per Share
Basic EPS	3.00	3.00	4.00	2.00	3.00	3.00	3.00	2.00	1.00
Diluted EPS	3.00	3.00	4.00	2.00	3.00	3.00	3.00	2.00	1.00
Basic Shares Outstanding	38.18	38.21	37.94	32.36	30.73	30.86	31.18	30.75	26.93
Diluted Shares Outstanding	38.18	38.42	38.11	32.68	31.07	31.08	31.53	31.43	27.01

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About National Bank Holdings Financial Statements

What was National Bank Holdings's revenue in fiscal 2025?

National Bank Holdings reported revenue of $583.94M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was down 1.7% from $594.31M a year earlier.

Is National Bank Holdings profitable?

Yes. National Bank Holdings earned net income of $109.57M in fiscal 2025, a net margin of 18.8%. In fiscal 2024 it earned $118.81M.

What is National Bank Holdings's operating margin?

National Bank Holdings's operating income was $142.73M on revenue of $583.94M in fiscal 2025, an operating margin of 24.4%, compared with 24.4% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition