National Bank Holdings Corp's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), National Bank Holdings Corp reported net income of $109.6M (-7.8% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Interest and fees on loans | $474.6M | $505.3M | $461.4M | $255.7M |
| Interest and dividends on investment securities | $37.8M | $28.7M | $26.3M | $24.2M |
| Dividends on other securities | $1.7M | — | — | — |
| Interest on interest bearing bank deposits | $5.7M | $2.5M | $4.5M | $3.8M |
| Total interest and dividend income | $519.8M | $538.3M | $495.4M | $284.7M |
| Interest on deposits | $165.4M | $186.2M | $109.4M | $14.6M |
| Interest on borrowings | $5.8M | $6.7M | $24.1M | $3.3M |
| Total interest expense | $171.3M | $192.9M | $133.5M | $17.9M |
| Net interest income before provision for credit losses | $348.5M | $345.4M | $362.0M | $266.8M |
| Provision for credit loss expense | $17.8M | $6.8M | $8.3M | $36.7M |
| Net interest income after provision for credit losses | $330.7M | $338.6M | $353.7M | $230.1M |
| Non-interest income | $47.1M | $46.2M | $46.9M | $37.7M |
| Mortgage banking income | $11.1M | $11.2M | $13.6M | $23.8M |
| Bank-owned life insurance income | $4.4M | $3.0M | $3.3M | $2.3M |
| Other non-interest income | $20.9M | $16.7M | $9.2M | $6.6M |
| Loss on security sales | ($3.3M) | ($6.6M) | — | — |
| Total non-interest income | $67.6M | $61.2M | $63.9M | $67.3M |
| Salaries and benefits | $148.3M | $146.2M | $137.7M | $125.0M |
| Occupancy and equipment | $45.8M | $40.0M | $37.6M | $31.5M |
| Data processing | $18.3M | $17.5M | $13.1M | $12.7M |
| Marketing and business development | $4.3M | $4.0M | $4.0M | $3.8M |
| FDIC deposit insurance | $4.4M | $5.4M | $7.0M | $2.1M |
| Bank card expenses | $4.5M | $5.2M | $5.8M | $5.5M |
| Professional fees | $12.5M | $7.1M | $10.5M | $14.4M |
| Other non-interest expense | $18.7M | $21.4M | $19.0M | $14.3M |
| Other intangible assets amortization | $7.8M | $7.9M | $7.4M | $2.3M |
| Total non-interest expense | $264.6M | $254.6M | $242.0M | $211.2M |
| Income before income taxes | $133.6M | $145.2M | $175.6M | $86.2M |
| Income tax expense | $24.1M | $26.4M | $33.6M | $14.9M |
| Net income | $109.6M | $118.8M | $142.0M | $71.3M |
| Earnings per share-basic (in dollars per share) | $2.86 | $3.10 | $3.74 | $2.20 |
| Earnings per share-diluted (in dollars per share) | $2.85 | $3.08 | $3.72 | $2.18 |
| Common stock dividend | $1.20 | — | — | — |
| Basic (in shares) | 38.0M | 38.2M | 37.9M | 32.4M |
| Diluted (in shares) | 38.1M | 38.4M | 38.1M | 32.7M |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Interest and fees on loans | $148.6M | $145.0M | $120.1M | $120.2M |
| Interest and dividends on investment securities | $11.0M | $10.2M | $10.0M | $9.8M |
| Dividends on other securities | $684.0K | $516.0K | $409.0K | — |
| Interest on interest bearing bank deposits | $1.8M | $3.5M | $1.7M | $682.0K |
| Total interest and dividend income | $162.0M | $159.2M | $132.2M | $131.2M |
| Interest on deposits | $48.9M | $48.4M | $42.9M | $41.8M |
| Interest on borrowings | $3.8M | $2.0M | $1.2M | $2.0M |
| Total interest expense | $52.7M | $50.3M | $44.0M | $43.8M |
| Net interest income before provision for credit losses | $109.3M | $108.8M | $88.2M | $87.4M |
| Provision for credit loss expense | $1.5M | $4.0M | ($1.5M) | — |
| Net interest income after provision for credit losses | $107.8M | $104.8M | $89.7M | $87.4M |
| Non-interest income | $11.9M | $11.4M | $11.3M | $11.1M |
| Mortgage banking income | $2.4M | $2.7M | $2.9M | $2.5M |
| Bank-owned life insurance income | $903.0K | $887.0K | $795.0K | $776.0K |
| Other non-interest income | $7.3M | $5.6M | $8.2M | $4.9M |
| Total non-interest income | $19.8M | $18.0M | $20.7M | $17.1M |
| Salaries and benefits | $54.4M | $57.0M | $37.8M | $37.7M |
| Occupancy and equipment | $16.2M | $15.8M | $12.4M | $9.4M |
| Data processing | $7.9M | $7.7M | $4.8M | $4.5M |
| Marketing and business development | $1.9M | $1.5M | $948.0K | $968.0K |
| FDIC deposit insurance | $1.4M | $1.4M | $1.0M | $990.0K |
| Bank card expenses | $1.3M | $1.1M | $1.0M | $1.3M |
| Professional fees | $3.0M | $2.2M | $3.2M | $1.7M |
| Other non-interest expense | $6.4M | $7.7M | $4.1M | $4.4M |
| Other intangible assets amortization | $2.4M | $2.5M | $1.9M | $1.9M |
| Total non-interest expense | $95.0M | $96.8M | $67.2M | $62.9M |
| Income before income taxes | $32.6M | $25.9M | $43.1M | $41.5M |
| Income tax expense | $6.1M | $5.2M | $7.9M | $7.5M |
| Net income | $26.5M | $20.8M | $35.3M | $34.0M |
| Earnings per share-basic (in dollars per share) | $0.58 | $0.46 | $0.92 | $0.89 |
| Earnings per share-diluted (in dollars per share) | $0.58 | $0.46 | $0.92 | $0.88 |
| Common stock dividend | $0.32 | $0.32 | $0.30 | $0.30 |
| Basic (in shares) | 44.7M | 44.4M | 37.9M | 38.1M |
| Diluted (in shares) | 44.9M | 44.6M | 38.0M | 38.2M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $417.1M | $127.8M | $190.8M | $195.5M |
| Investment securities available-for-sale (at fair value) | $528.6M | $527.5M | $628.8M | $706.3M |
| Investment securities held-to-maturity (fair value of $597,449 and $451,386 at December 31, 2025 and December 31, 2024, respectively) | $651.7M | $533.1M | $585.1M | — |
| Other securities | $80.6M | — | — | — |
| Loans | $7.4B | $7.8B | $7.7B | $7.2B |
| Allowance for credit losses | ($87.4M) | ($94.5M) | ($97.9M) | ($89.6M) |
| Loans, net | $7.3B | $7.7B | $7.6B | $7.1B |
| Loans held for sale | $25.7M | $24.5M | $18.9M | $22.8M |
| Other real estate owned | $1.7M | $662.0K | $4.1M | $3.7M |
| Premises and equipment, net | $214.6M | $196.8M | $162.7M | $136.1M |
| Goodwill | $306.0M | $306.0M | $306.0M | $279.1M |
| Intangible assets, net | $48.3M | $58.4M | $66.0M | $59.9M |
| Other assets | $263.2M | $299.6M | $297.3M | $298.3M |
| Total assets | $9.9B | $9.8B | $10.0B | $9.6B |
| Non-interest bearing demand deposits | $2.2B | $2.2B | $2.4B | $3.1B |
| Interest bearing demand deposits | $1.2B | $1.4B | $1.5B | $913.9M |
| Savings and money market | $3.7B | $3.6B | $3.4B | $3.0B |
| Time deposits | $1.1B | $1.0B | $982.0M | $873.4M |
| Total deposits | $8.3B | $8.2B | $8.2B | $7.9B |
| Securities sold under agreements to repurchase | $17.4M | $18.9M | $19.6M | $20.2M |
| Long-term debt, net | $54.5M | $54.5M | $54.2M | $53.9M |
| Other liabilities | $133.9M | $141.3M | $134.0M | $149.3M |
| Total liabilities | $8.5B | $8.5B | $8.7B | $8.5B |
| Common stock, par value $0.01 per share: 400,000,000 shares authorized; 51,487,888 and 51,487,888 shares issued; and 37,772,516 and 38,054,482 shares outstanding at December 31, 2025 and December 31, 2024, respectively | $515000.00 | $515000.00 | $515000.00 | $515000.00 |
| Additional paid-in capital | $1.2B | $1.2B | $1.2B | $1.2B |
| Retained earnings | $572.5M | $508.9M | $433.1M | $330.7M |
| Treasury stock of 13,412,216 and 13,141,392 shares at December 31, 2025 and December 31, 2024, respectively, at cost | -315.4M | -301.7M | -306.7M | -310.3M |
| Accumulated other comprehensive loss, net of tax | ($44.0M) | ($70.0M) | ($76.4M) | ($88.2M) |
| Total shareholders' equity | $1.4B | $1.3B | $1.2B | $1.1B |
| Total liabilities and shareholders' equity | $9.9B | $9.8B | $10.0B | $9.6B |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Cash and cash equivalents | $380.7M | $472.8M | $555.6M | $296.5M |
| Investment securities available-for-sale (at fair value) | $585.5M | $605.2M | $612.7M | $631.9M |
| Investment securities held-to-maturity (fair value of $696,725 and $597,449 at June 30, 2026 and December 31, 2025, respectively) | $758.2M | $757.4M | $689.5M | $717.2M |
| Other securities | $99.2M | $90.5M | $80.5M | — |
| Loans | $9.8B | $9.6B | $7.4B | $7.5B |
| Allowance for credit losses | ($110.3M) | ($113.5M) | ($88.3M) | ($88.9M) |
| Loans, net | $9.7B | $9.5B | $7.3B | $7.4B |
| Loans held for sale | $26.5M | $24.9M | $22.3M | $20.8M |
| Other real estate owned | $4.2M | $3.8M | $658.0K | $291.0K |
| Premises and equipment, net | $234.1M | $235.7M | $211.4M | $209.4M |
| Goodwill | $455.4M | $454.7M | $306.0M | $306.0M |
| Intangible assets, net | $64.6M | $67.4M | $50.3M | $52.5M |
| Other assets | $313.9M | $404.2M | $282.5M | $284.9M |
| Total assets | $12.6B | $12.6B | $10.2B | $10.0B |
| Non-interest bearing demand deposits | $2.6B | $2.6B | $2.3B | $2.2B |
| Interest bearing demand deposits | $1.6B | $1.5B | $1.2B | $1.2B |
| Savings and money market | $5.0B | $5.0B | $3.8B | $3.8B |
| Time deposits | $1.3B | $1.3B | $1.2B | $1.1B |
| Total deposits | $10.4B | $10.5B | $8.5B | $8.3B |
| Securities sold under agreements to repurchase | $20.2M | $17.0M | $21.3M | $18.5M |
| Long-term debt, net | $202.0M | $202.1M | $54.7M | $54.4M |
| Federal Home Loan Bank advances | $125.0M | — | — | $185.0M |
| Other liabilities | $180.4M | $271.6M | $230.0M | $118.9M |
| Total liabilities | $10.9B | $10.9B | $8.8B | $8.6B |
| Common stock, par value $0.01 per share: 400,000,000 shares authorized; 58,848,464 and 51,487,888 shares issued; and 44,537,718 and 37,772,516 shares outstanding at June 30, 2026 and December 31, 2025, respectively | $588000.00 | $588000.00 | $515000.00 | $515000.00 |
| Additional paid-in capital | $1.5B | $1.5B | $1.2B | $1.2B |
| Retained earnings | $590.4M | $578.5M | $568.3M | $544.4M |
| Treasury stock of 13,493,302 and 13,412,216 shares at June 30, 2026 and December 31, 2025, respectively, at cost | -333.1M | -320.3M | -312.9M | -304.3M |
| Accumulated other comprehensive loss, net of tax | ($49.4M) | ($48.1M) | ($51.0M) | ($55.9M) |
| Total shareholders' equity | $1.7B | $1.7B | $1.4B | $1.4B |
| Total liabilities and shareholders' equity | $12.6B | $12.6B | $10.2B | $10.0B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income | $109.6M | $118.8M | $142.0M | $71.3M |
| Provision for credit loss expense | $17.8M | $6.8M | $8.3M | $36.7M |
| Depreciation and amortization | $28.1M | $24.2M | $23.9M | $16.4M |
| Change in current income tax receivable | ($2.9M) | $1.7M | $3.2M | ($3.9M) |
| Change in deferred income taxes | $24.6M | $6.4M | $55.0K | ($17.3M) |
| Discount accretion, net of premium amortization on securities | ($2.8M) | ($1.4M) | ($831.0K) | $1.1M |
| Gain on sale of mortgages, net | ($11.0M) | ($9.7M) | ($9.9M) | ($19.7M) |
| Origination of loans held for sale, net of repayments | ($352.0M) | ($346.6M) | ($398.4M) | ($810.1M) |
| Proceeds from sales of loans held for sale | $361.8M | $349.4M | $407.4M | $955.0M |
| Originations of mortgage servicing rights | ($194.0K) | ($404.0K) | ($1.2M) | ($4.2M) |
| Proceeds from sales of mortgage servicing rights | $2.4M | — | $5.5M | — |
| Gain on sale of mortgage servicing rights | ($646.0K) | — | ($1.1M) | — |
| Gain on sale of fixed assets | ($1.6M) | ($637.0K) | ($148.0K) | ($1.7M) |
| Stock-based compensation | $7.3M | $8.0M | $7.2M | $6.1M |
| Loss on security sales | $3.3M | $6.6M | — | — |
| Operating lease payments | ($6.5M) | ($6.5M) | ($6.3M) | ($5.0M) |
| Change in other assets | ($2.8M) | ($16.1M) | $343.0K | ($27.0M) |
| Change in other liabilities | ($12.0M) | $13.6M | ($13.5M) | $1.4M |
| Net cash provided by operating activities | $162.4M | $155.3M | $166.9M | $214.6M |
| Proceeds from other securities | $51.0M | — | — | — |
| Proceeds from maturities and paydowns of investment securities available-for-sale | $132.6M | $157.5M | $92.0M | $141.9M |
| Proceeds from maturities and paydowns of investment securities held-to-maturity | $143.2M | $63.1M | $69.6M | $133.4M |
| Proceeds from sales of investment securities available-for-sale | $57.8M | $132.1M | — | $128.4M |
| Proceeds from sales of other real estate owned | $523.0K | $3.4M | $581.0K | $3.6M |
| Purchases of other securities | ($51.2M) | — | — | — |
| Purchases of investment securities available-for-sale | ($160.5M) | ($185.7M) | $0 | ($259.8M) |
| Purchases of investment securities held-to-maturity | ($260.3M) | ($10.5M) | ($2.5M) | ($101.7M) |
| Purchases of premises and equipment, net | ($29.9M) | ($34.6M) | ($36.8M) | ($12.4M) |
| Net decrease (increase) in loans | $274.8M | ($73.3M) | ($477.1M) | ($987.5M) |
| Proceeds from the sale of loans | $28.5M | — | $1.6M | $933.0K |
| Net cash provided by (used in) investing activities | $186.5M | $64.7M | ($404.0M) | ($752.1M) |
| Net increase in deposits | $54.8M | $47.2M | $317.1M | ($465.8M) |
| Net decrease in repurchase agreements and other short-term borrowings | ($1.5M) | ($732.0K) | ($587.0K) | ($2.6M) |
| Net payments to the Federal Home Loan Bank | ($50.0M) | — | ($4.3B) | ($185.5M) |
| Issuance of stock under purchase and equity compensation plans | ($1.7M) | ($1.5M) | ($1.5M) | ($1.5M) |
| Proceeds from exercise of stock options | $28.0K | $3.6M | $617.0K | $1.1M |
| Payment of dividends | ($46.1M) | ($42.9M) | ($39.6M) | ($30.4M) |
| Repurchase of common stock | ($15.2M) | — | — | — |
| Net cash (used in) provided by financing activities | ($59.7M) | ($284.4M) | $230.9M | ($114.2M) |
| Increase (decrease) in cash and cash equivalents | $289.2M | ($64.5M) | ($6.2M) | ($651.7M) |
| Cash and cash equivalents at beginning of the year | $127.8M | $192.3M | $198.5M | $850.2M |
| Cash and cash equivalents at end of period | $417.1M | — | — | — |
| Cash paid for interest | $168.4M | $190.0M | $124.4M | $18.6M |
| Net tax payments | $10.5M | $20.8M | $32.8M | $11.3M |
| Loans transferred to other real estate owned at fair value | $1.7M | $9.6M | — | $147.0K |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net income | $47.3M | $20.8M | $93.5M | $58.3M |
| Provision for credit loss expense | $5.5M | $4.0M | $8.7M | $10.2M |
| Depreciation and amortization | $20.1M | $9.0M | $19.8M | $12.2M |
| Change in current income tax receivable | ($4.0M) | ($6.3M) | ($1.7M) | $208.0K |
| Change in deferred income taxes | ($3.5M) | ($6.0M) | $19.5M | $8.5M |
| Discount accretion, net of premium amortization on securities | ($2.3M) | ($1.2M) | ($2.0M) | ($1.2M) |
| Gain on sale of mortgages, net | ($5.0M) | ($2.4M) | ($7.2M) | ($4.6M) |
| Origination of loans held for sale, net of repayments | ($161.2M) | ($80.1M) | ($260.9M) | ($167.9M) |
| Proceeds from sales of loans held for sale | $165.3M | $83.3M | $270.4M | $176.2M |
| Originations of mortgage servicing rights | ($148.0K) | ($92.0K) | ($146.0K) | ($102.0K) |
| Stock-based compensation | $13.4M | $6.3M | $5.8M | $3.7M |
| Gain on security sales | ($246.0K) | ($246.0K) | — | — |
| Operating lease payments | ($3.8M) | ($1.9M) | ($4.9M) | ($3.3M) |
| Change in other assets | $2.7M | ($79.1M) | ($9.0M) | ($1.5M) |
| Change in other liabilities | $4.1M | ($2.9M) | ($7.6M) | ($19.1M) |
| Net cash provided by operating activities | $78.3M | ($56.8M) | $124.4M | $72.0M |
| Proceeds from maturities and paydowns of other securities | $2.7M | $2.2M | — | — |
| Proceeds from maturities and paydowns of investment securities available-for-sale | $61.8M | $33.3M | $100.4M | $74.6M |
| Proceeds from maturities and paydowns of investment securities held-to-maturity | $96.9M | $32.8M | $105.0M | $76.7M |
| Proceeds from sales of other securities | $22.0M | $10.4M | $48.0M | — |
| Proceeds from sales of investment securities available-for-sale | $176.4M | $176.9M | — | — |
| Proceeds from sales of other real estate owned | $6.0M | $6.0M | $269.0K | $269.0K |
| Purchases of other securities | ($32.6M) | ($12.7M) | ($49.9M) | — |
| Purchases of investment securities available-for-sale | ($154.3M) | ($144.8M) | ($164.7M) | ($160.5M) |
| Purchases of investment securities held-to-maturity | ($202.2M) | ($137.9M) | ($260.3M) | ($260.3M) |
| Purchases of premises and equipment, net | ($9.6M) | ($5.5M) | ($21.9M) | ($16.0M) |
| Net (increase) decrease in loans | ($434.3M) | ($164.4M) | $380.5M | $237.1M |
| Proceeds from the sale of loans | $5.7M | — | $28.5M | $11.9M |
| Net cash activity for acquisitions | $250.1M | $250.1M | — | — |
| Net cash used in investing activities | ($211.6M) | $46.5M | $165.9M | ($40.7M) |
| Net (decrease) increase in deposits | ($108.2M) | ($38.8M) | $233.8M | $31.6M |
| Net increase (decrease) in repurchase agreements and other short-term borrowings | $2.9M | ($359.0K) | $2.4M | ($382.0K) |
| Proceeds from long-term debt issuance | $150.0M | $150.0M | — | — |
| Payment of long-term debt issuance costs | ($2.8M) | ($2.8M) | — | — |
| Net (payments to) advances from the FHLB | $115.0M | ($10.0M) | — | $135.0M |
| Issuance of stock under purchase and equity compensation plans | ($4.2M) | ($1.8M) | ($1.5M) | ($1.8M) |
| Proceeds from exercise of stock options | $717.0K | $552.0K | $10.0K | $53.0K |
| Payment of dividends | ($29.3M) | ($14.7M) | ($34.3M) | ($22.8M) |
| Repurchase of common stock | ($27.2M) | ($16.1M) | ($13.0M) | ($4.2M) |
| Net cash provided by financing activities | $96.9M | $66.0M | $137.4M | $137.4M |
| (Decrease) increase in cash and cash equivalents | ($36.4M) | $55.7M | $427.7M | $168.6M |
| Cash and cash equivalents at beginning of the year | $417.1M | $417.1M | $127.8M | $127.8M |
| Cash and cash equivalents at end of period | $380.7M | $472.8M | $555.6M | $296.5M |
| Cash paid for interest | $100.8M | $48.0M | $127.6M | $87.9M |
| Net tax payments | $764.0K | $176.0K | $9.2M | $8.9M |
National Bank Holdings Corp score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.