NBHC
Financial ServicesNational Bank Holdings Corporation · Banks - Regional · $2B
What is National Bank Holdings Corporation?
National Bank Holdings Corporation is a small-cap bank holding company operating through NBH Bank, serving commercial, business, and consumer clients across the United States. Headquartered in Greenwood Village, Colorado, it has built a regional banking presence since its founding in 2012.
NBH Bank generates revenue through traditional banking activities — taking in deposits and deploying capital into a range of loans and leases. Its commercial lending arm covers working capital, equipment, real estate, and government-sector loans, while its consumer side handles residential mortgages and personal loans. The company also earns fee income from treasury management and auxiliary banking services offered to business clients.
National Bank Holdings was founded in 2012 and is headquartered in Greenwood Village, Colorado.
- Commercial and industrial loans and leases
- Non-owner occupied commercial real estate lending
- SBA loans for small and mid-sized businesses
- Treasury management and digital banking services
Is NBHC a Good Stock to Buy?
UQS Score rates NBHC as Below Average overall, reflecting meaningful weaknesses that investors should weigh carefully.
The Quality pillar comes in at a Good rating, suggesting the bank maintains reasonable operational discipline relative to peers. Valuation is rated Attractive, meaning the stock does not appear expensive relative to its fundamentals — a potential entry consideration for value-oriented investors.
Both the Moat and Risk pillars are rated Weak, pointing to limited competitive differentiation and above-average risk exposure. The Growth pillar sits at Neutral, offering little near-term upside catalyst.
See the exact pillar breakdown and full financial metrics by signing up for a UQS Pro account. Sign up free →
Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does NBHC pay dividends?
Yes — National Bank Holdings Corporation pays a dividend.
NBHC pays a regular dividend, which is relatively uncommon among smaller regional banks still building scale. This signals management's confidence in generating consistent cash flow. Income-focused investors may find the dividend cadence appealing, though the sustainability of payouts should be evaluated alongside the bank's Risk pillar rating.
When does NBHC report earnings?
National Bank Holdings reports earnings on a quarterly cadence, consistent with standard practice for US-listed bank holding companies.
The bank's quarterly results tend to reflect trends in net interest income, loan growth, and credit quality — all areas where regional banks face pressure in shifting rate environments. Investors should monitor deposit costs and loan loss provisions as key performance indicators.
For the most recent quarter's results, visit National Bank Holdings' investor relations page directly.
NBHC Price History
+21.3% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in National Bank Holdings Corporation?
Based on National Bank Holdings Corporation's historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
NBHC Long-term Outlook
With a Neutral Growth rating and Weak Risk profile, NBHC's near-term fundamental outlook is cautious. The Attractive Valuation label suggests the market has already priced in some of these concerns. Sustained improvement would likely require stronger loan growth, better credit quality trends, or a more favorable interest rate environment for community and regional banks.
Growth drivers
- Potential expansion of commercial lending relationships in existing markets
- Fee income growth from treasury management and digital banking adoption
- Favorable repricing of loan portfolios if interest rates stabilize
Key risks
- Weak Moat rating indicates limited pricing power versus larger banking competitors
- Weak Risk pillar points to elevated credit or operational risk exposure
- Regional banks face ongoing deposit competition from larger national institutions
NBHC vs Peers
NBHC competes with other regional and community bank holding companies, each with distinct geographic footprints and lending focuses.
Hope Bancorp focuses heavily on serving Korean-American and broader multicultural business communities, giving it a distinct niche deposit and lending base.
S&T Bancorp operates primarily in Pennsylvania and Ohio, with a long-established community banking franchise and a deeper regional history than NBHC.
Lakeland Financial is the holding company for Lake City Bank in Indiana, known for consistent profitability and a strong community banking reputation in its home market.
Frequently Asked Questions
What does National Bank Holdings Corporation do?
National Bank Holdings operates NBH Bank, a regional bank offering deposit accounts, commercial and consumer loans, SBA lending, and treasury management services to businesses and individuals across the United States.
Does NBHC pay dividends?
Yes, NBHC pays a regular dividend. This is a notable feature for a smaller regional bank and may appeal to income-focused investors. Dividend sustainability should be evaluated in the context of the company's overall risk profile.
When does NBHC report earnings?
National Bank Holdings reports earnings on a quarterly cadence, as is standard for US-listed bank holding companies. For exact dates and the most recent results, check the company's investor relations page.
Is NBHC a good stock to buy?
UQS Score rates NBHC as Below Average overall. While the Valuation pillar is Attractive and Quality is Good, the Weak Moat and Weak Risk ratings present meaningful concerns. Investors should review the full pillar breakdown before making any decision.
Is NBHC overvalued?
The UQS Valuation pillar for NBHC is rated Attractive, suggesting the stock is not expensive relative to its fundamentals. However, a low valuation can reflect genuine business risks rather than a hidden opportunity — context from the other pillars matters.
How does NBHC compare to its competitors?
NBHC competes with regional peers like Hope Bancorp, S&T Bancorp, and Lakeland Financial. Each has a distinct market focus and history. UQS Pro members can view side-by-side pillar comparisons to see where NBHC stands relative to these peers.
What is NBHC's market cap bracket?
NBHC is classified as a small-cap stock. This means it carries characteristics typical of smaller financial institutions — potentially higher growth sensitivity but also less liquidity and greater vulnerability to economic cycles than large-cap bank peers.
Who founded National Bank Holdings Corporation?
National Bank Holdings Corporation was founded in 2012. Detailed founding information, including key executives involved at inception, is publicly available through the company's official filings and investor relations materials.
Is NBHC a long-term quality investment?
As a long-term quality indicator, UQS rates NBHC Below Average. The Weak Moat suggests limited durable competitive advantages, which is an important consideration for long-horizon investors. The Good Quality rating offers some reassurance about current operational standards.
What is the main competitive advantage of National Bank Holdings?
NBHC's UQS Moat pillar is rated Weak, indicating limited identifiable competitive advantages versus peers. Its strength appears to lie more in operational quality and a diversified lending mix than in a distinct structural moat.
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Pro Analysis
NBHC — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 7, 2026 | 48.7 | 66.3 | 20.0 | 37.5 | 36.4 | 94.5 | +0.1 |
| May 3, 2026 | 48.6 | 66.3 | 20.0 | 37.5 | 36.4 | 94.2 | -0.1 |
| May 1, 2026 | 48.7 | 66.3 | 20.0 | 37.5 | 36.4 | 94.5 | +0.8 |
| Apr 26, 2026 | 47.9 | 66.3 | 20.0 | 33.3 | 36.4 | 94.5 | 0.0 |
| Apr 25, 2026 | 47.9 | 66.3 | 20.0 | 33.3 | 36.4 | 94.7 | -0.8 |
| Apr 24, 2026 | 48.7 | 66.3 | 20.0 | 37.5 | 36.4 | 94.1 | -1.7 |
| Apr 20, 2026 | 50.4 | 66.3 | 20.0 | 46.5 | 36.4 | 93.9 | +2.6 |
| Apr 19, 2026 | 47.8 | 66.3 | 20.0 | 33.4 | 36.4 | 93.9 | -0.2 |
| Apr 18, 2026 | 48.0 | 66.7 | 20.0 | 33.4 | 36.4 | 94.6 | -0.3 |
| Apr 14, 2026 | 48.3 | 66.7 | 20.0 | 33.4 | 36.4 | 97.0 | -0.1 |
NBHC — Pillar Breakdown
Quality
— 44.9/100 (25%)National Bank Holdings Corporation has average quality metrics, with room for improvement in margins or capital efficiency.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Free cash flow relative to market value.
Growth
— 37.5/100 (20%)National Bank Holdings Corporation shows steady but unspectacular growth, typical for mature companies.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 72.7/100 (15%)National Bank Holdings Corporation maintains a reasonable risk profile with manageable debt levels.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 94.4/100 (15%)National Bank Holdings Corporation appears attractively valued relative to its earnings, cash flows, and sector peers.
Inverse of forward P/E — higher yield means cheaper stock.
How many years of FCF the market cap represents.
P/E relative to earnings growth — lower is more attractive.
Enterprise value multiple relative to sector median.
Moat
— 20/100 (25%)National Bank Holdings Corporation operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for NBHC.
Score Composition
Financial Data
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How is the NBHC UQS Score Calculated?
The UQS (Unified Quality Score) for National Bank Holdings Corporation is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses National Bank Holdings Corporation's competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether National Bank Holdings Corporation is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.