National Bank Holdings Corp - Understand $nbhc stock

$NBHC Market Cap: $1.788 Billion

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Financial Snapshot

Revenue

$34.62M

TTM

Gross Margin

Net Earnings

$123.9M

TTM

Current Assets

Current Liabilities

$19.52M

Q3 2024

Current Ratio

Total Assets

$9.993B

Q3 2024

Total Liabilities

$8.701B

Q3 2024

Book Value

$1.292B

Q3 2024

Cash

$180.8M

Q3 2024

P/E

14.43

Nov 29, 2024 EST

Free Cash Flow

$114.9M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Revenue	$46.90M	$38.30M	$201.0M	$218.0M	$242.6M	$221.4M	$164.4M			$184.7M	$195.5M	$233.5M	$197.2M	$21.42M
YoY Change	22.46%	-80.94%	-7.82%	-10.14%	9.58%	34.65%				-5.53%	-16.28%	18.42%	820.36%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2014	2013	2012	2011	2010
Revenue	$46.90M	$38.30M	$201.0M	$218.0M	$242.6M	$221.4M	$164.4M	$184.7M	$195.5M	$233.5M	$197.2M	$21.42M
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development	$13.11M	$12.66M	$9.310M	$9.042M	$8.754M	$10.10M	$7.188M			$11.93M	$13.07M	$14.86M	$12.91M	$849.0K
YoY Change	3.58%	35.95%	2.96%	3.29%	-13.31%	40.48%				-8.77%	-12.01%	15.13%	1420.02%
% of Gross Profit
Depreciation & Amortization	$10.00M	$8.400M	$7.300M	$8.100M	$8.200M	$8.600M	$7.600M	$14.20M	$15.50M	$10.60M	$10.50M	$7.100M	$2.800M	$100.0K	$0.00
YoY Change	19.05%	15.07%	-9.88%	-1.22%	-4.65%	13.16%	-46.48%	-8.39%	46.23%	0.95%	47.89%	153.57%	2700.0%
% of Gross Profit
Operating Expenses	$13.11M	$12.66M	$9.310M	$9.042M	$8.754M	$10.10M	$7.188M			$11.93M	$13.07M	$14.86M	$12.91M	$849.0K
YoY Change	3.58%	35.95%	2.96%	3.29%	-13.31%	40.48%				-8.77%	-12.01%	15.13%	1420.02%
Operating Profit
YoY Change

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2014	2013	2012	2011	2010
Interest Expense	$133.5M	$17.85M	$13.82M	$25.06M	$36.77M	$23.95M	$18.12M	$14.41M	$16.51M	$29.23M	$41.70M	$5.512M
YoY Change	647.57%	29.17%	-44.84%	-31.86%	53.51%	32.23%		-12.72%	-43.51%	-29.89%	656.46%
% of Operating Profit
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Pretax Income	$175.6M	$86.18M	$115.0M	$109.4M	$96.19M	$73.68M	$35.86M	$26.00M	$7.900M	$12.34M	$10.88M	$4.037M	$69.41M	$9.004M	-$1.400M
YoY Change	103.75%	-25.04%	5.1%	13.73%	30.55%	105.46%	37.93%	229.11%	-35.99%	13.46%	169.43%	-94.18%	670.87%	-743.14%
Income Tax	$33.55M	$14.91M	$21.37M	$20.81M	$15.83M	$12.23M	$21.28M	$2.900M	$3.000M	$3.165M	$3.950M	$4.580M	$27.45M	$2.953M	$200.0K
% Of Pretax Income	19.11%	17.3%	18.58%	19.02%	16.46%	16.6%	59.35%	11.15%	37.97%	25.65%	36.32%	113.45%	39.54%	32.8%
Net Earnings	$142.0M	$71.27M	$93.61M	$88.59M	$80.37M	$61.45M	$14.58M	$23.10M	$4.900M	$9.176M	$6.927M	-$543.0K	$41.96M	$6.051M	-$1.500M
YoY Change	99.3%	-23.86%	5.66%	10.24%	30.78%	321.5%	-36.89%	371.43%	-46.6%	32.47%	-1375.69%	-101.29%	593.49%	-503.4%
Net Earnings / Revenue	302.85%	186.08%	46.58%	40.64%	33.13%	27.76%	8.87%			4.97%	3.54%	-0.23%	21.28%	28.25%
Basic Earnings Per Share	$3.74	$2.20	$3.04	$2.87	$2.57	$2.00	$0.54			$0.22	$0.14	-$0.01	$0.81	$0.11
Diluted Earnings Per Share	$3.72	$2.18	$3.01	$2.85	$2.55	$1.95	$0.53	$793.8K	$142.4K	$0.22	$0.14	-$0.01	$0.81	$0.11	-$70.42K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment	$191.8M	$169.7M	$116.4M	$132.4M	$141.4M	$110.0M	$93.70M	$95.70M	$103.1M	$106.3M	$115.2M	$121.4M	$87.30M	$37.30M
YoY Change	13.04%	45.8%	-12.08%	-6.36%	28.55%	17.4%	-2.09%	-7.18%	-3.01%	-7.73%	-5.11%	39.06%	134.05%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets						$28.40M	$35.60M	$52.80M	$52.60M	$45.50M
YoY Change						-20.22%	-32.58%	0.38%	15.6%
Total Long-Term Assets
YoY Change
Total Assets	$9.951B	$9.573B	$7.214B	$6.660B	$5.896B	$5.677B	$4.844B	$4.573B	$4.684B	$4.820B	$4.914B	$5.411B	$6.352B	$5.106B	$1.100B
YoY Change
Accounts Payable						$7.000M	$5.800M	$5.000M	$4.300M	$3.600M
YoY Change						20.69%	16.0%	16.28%	19.44%
Accrued Expenses	$32.10M	$36.50M	$20.30M	$26.00M	$29.50M	$20.70M	$16.20M	$13.00M	$15.50M	$15.20M
YoY Change	-12.05%	79.8%	-21.92%	-11.86%	42.51%	27.78%	24.62%	-16.13%	1.97%
Deferred Revenue
YoY Change
Short-Term Debt	$19.63M	$20.21M	$22.80M	$22.90M	$56.90M	$66.00M	$130.5M	$92.00M	$136.5M	$133.6M	$99.50M	$53.70M	$47.60M	$24.20M
YoY Change	-2.9%	-11.34%	-0.44%	-59.75%	-13.79%	-49.43%	41.85%	-32.6%	2.17%	34.27%	85.29%	12.82%	96.69%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$51.73M	$36.50M	$20.30M	$26.00M	$29.50M	$27.70M	$22.00M	$18.00M	$19.80M	$18.80M	$99.50M	$53.70M	$47.60M	$24.20M
YoY Change	41.72%	79.8%	-21.92%	-11.86%	6.5%	25.91%	22.22%	-9.09%	5.32%	-81.11%	85.29%	12.82%	96.69%
Long-Term Debt	$54.20M	$53.89M	$39.50M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change	0.58%	36.43%
Other Long-Term Liabilities	$101.9M	$112.8M	$63.20M	$114.1M	$97.30M	$50.70M	$50.00M	$19.50M	$29.40M	$66.50M	$78.50M	$65.80M	$152.6M	$614.3M	$2.400M
YoY Change	-9.64%	78.5%	-44.61%	17.27%	91.91%	1.4%	156.41%	-33.67%	-55.79%	-15.29%	19.3%	-56.88%	-75.16%	25495.83%
Total Long-Term Liabilities	$156.1M	$166.7M	$102.7M	$114.1M	$97.30M	$50.70M	$50.00M	$19.50M	$29.40M	$66.50M	$78.50M	$65.80M	$152.6M	$614.3M	$2.400M
YoY Change	-6.34%	62.32%	-9.99%	17.27%	91.91%	1.4%	156.41%	-33.67%	-55.79%	-15.29%	19.3%	-56.88%	-75.16%	25495.83%
Total Liabilities	$8.738B	$8.481B	$6.374B	$5.839B	$5.129B	$4.982B	$4.311B	$4.037B	$4.066B	$4.025B	$4.016B	$4.320B	$5.263B	$4.112B	$2.400M
YoY Change	3.03%	33.06%	9.16%	13.86%	2.95%	15.56%	6.79%	-0.73%	1.03%	0.22%	-7.03%	-17.92%	28.0%	171225.0%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2014	2013	2012	2011	2010
Basic Shares Outstanding	37.94M	32.36M	30.73M	30.86M	31.18M	30.75M	26.93M	42.40M shares	50.79M shares	52.21M shares	51.98M shares	53.00M shares
Diluted Shares Outstanding	38.11M	32.68M	31.07M	31.08M	31.53M	31.43M	27.71M	42.42M shares	50.82M shares	52.21M shares	52.10M shares	53.00M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $1.7878 Billion

About National Bank Holdings Corp

National Bank Holdings Corp. is a bank holding company. The company is headquartered in Greenwood Village, Colorado and currently employs 1,226 full-time employees. The company went IPO on 2012-09-20. The firm operates, through its subsidiaries, NBH Bank and Bank of Jackson Hole Trust (the Banks), which are a chartered banks and a member of the Federal Reserve System. The Bank provides a range of banking products to both commercial and consumer clients through a network of approximately 90 banking centers, located primarily in Colorado, the greater Kansas City region, Texas, Utah, and New Mexico, as well as through online and mobile banking products and services. The Bank’s distribution network also includes approximately 126 ATMs. The Bank offers personalized banking service to the clients, which includes services, such as loan and deposit services, online and mobile banking solutions, treasury management products, and services and trust and wealth management services. The Bank’s loan portfolio includes commercial and industrial loans, commercial real estate loans, residential real estate loans, and others.

Industry: National Commercial Banks Peers: Bancorp, Inc. BERKSHIRE HILLS BANCORP INC Dime Community Bancshares, Inc. /NY/ CITY HOLDING CO FIRST BANCORP /NC/ FIRST BUSEY CORP /NV/ FIRST COMMONWEALTH FINANCIAL CORP /PA/ PNC FINANCIAL SERVICES GROUP, INC. S&T BANCORP INC SOUTHSIDE BANCSHARES INC