Is National Bank Holdings (NBHC) overvalued or fairly valued?

MarketChacha shows National Bank Holdings's valuation in context — a trailing P/E of about 15.0, a forward P/E of about 10.5, a price-to-book of about 1.2 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does National Bank Holdings's reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (1.31×) from reported figures — education, not a rating.

What is National Bank Holdings's revenue?

National Bank Holdings reported revenue of $47.1M for FY2025, with net profit of $109.6M, per official filings.

What is the share price of National Bank Holdings (NBHC)?

National Bank Holdings last traded at $43.30 (-5.2% on the day), as of 7/22/2026 — a delayed quote shown for education, not investment advice.

National Bank Holdings

NBHC · NYSE · Financials · United States

$43.30-5.2%

Delayed · as reported by Yahoo Finance · as of Jul 22, 2026, 7:28 PM

Snapshot

TickerNBHC

ExchangeNYSE

SectorFinancials

IndustryBanks - Regional

CountryUnited States

Employees1,250

HeadquartersGreenwood Village, United States

Market cap$1.9B

P/E (TTM)15.0

P/B1.2

Volume928.51K

Websitewww.nationalbankholdings.com

Filings tracked6

About National Bank Holdings

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.

Profile as reported by Yahoo Finance.

Who owns it

Insiders5.7%
Institutions94.3%
Public & other0.0%

320 institutional holders

As reported by Yahoo Finance.

Top holders

Blackrock Inc.12.31%
Vanguard Portfolio Management LLC5.78%
William Blair Investment Management, LLC5.53%
Wellington Management Group, LLP5.01%
State Street Corporation4.86%
Dimensional Fund Advisors LP4.69%
Vanguard Capital Management LLC4.12%
Charles Schwab Investment Management, Inc.3.45%

Largest institutional holders, as reported by Yahoo Finance (as of 3/31/2026).

Forensic scorecard

Margin has compressed by about 70.3 points over the period — profitability is trending down.

Cash conversion1.31×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend302.7% → 232.4%

Margin has compressed by about 70.3 points over the period — profitability is trending down.

Return on equity7.9%

Latest ROE of 7.9% is on the low side — the business earns a modest return on shareholder capital.

Growth qualityrev 0% · PAT -12%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $142.4M · EPS 1.00

Est. earnings growth +66.7%

Next fiscal year

Rev $581.6M · EPS 4.14

Est. earnings growth +21.0%

Analyst consensus estimates — not the company's own guidance. As reported by Yahoo Finance.

$35.0652-wk range$47.28

Delayed · as reported by Yahoo Finance

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Market cap

$1.9B

Day change

-5.2%

P/E (TTM)

15.0

Fwd P/E

10.5

P/B

1.2

Div yield

2.80%

Revenue (FY2025)

$47.1M

Net margin

232.4%

ROE

7.9%

Revenue CAGR (2y)

+0.2%

Profit CAGR (2y)

-12.2%

EPS (FY2025)

2.85

Net profit (FY2025)

$109.6M

Market figures: Delayed · as reported by Yahoo Finance. Financials as reported in company filings.

Ask MarketChacha about NBHC

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2025	$47.1M	$109.6M	2.85	232.4%	7.9%
FY2024	$46.2M	$118.8M	3.08	257.3%	9.1%
FY2023	$46.9M	$142.0M	3.72	302.7%	11.7%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q1	$11.4M	$20.8M	0.46	183.1%
2025Q3	$11.3M	$35.3M	0.92	312.9%
2025Q2	$11.1M	$34.0M	0.88	306.1%
2025Q1	$10.8M	$24.2M	0.63	223.9%
2024Q3	$12.1M	$33.1M	0.86	274.4%
2024Q2	$11.7M	$26.1M	0.68	223.6%
2024Q1	$11.0M	$31.4M	0.82	285.2%
2023Q3	$13.0M	$36.1M	0.94	278.0%
2023Q2	$13.4M	$32.6M	0.85	242.7%
2023Q1	$10.1M	$40.3M	1.06	400.0%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

8-K — Results of operations, Reg FD disclosure, Exhibits
SEC7/21/2026material
8-K — Executive/director change, Shareholder vote results, Exhibits
SEC5/12/2026material
8-K — Other events, Exhibits
SEC5/7/2026material
10-Q filing
SEC5/7/2026
8-K — Reg FD disclosure, Exhibits
SEC5/4/2026material
8-K — Results of operations, Reg FD disclosure, Exhibits
SEC4/21/2026material

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed · as reported by yahoo finance) are delayed and shown for reference only. Verify with the linked sources before acting.