National Bank Holdings Corp(NBHC)Stock Analysis
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Rank #1,291 of 2,879 stocksTOP 50%
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
NBHC Stock Analysis & AI Quality Score
AI stock analysis and institutional research for National Bank Holdings Corp (NBHC), a Financials sector company. 13F Pro's AI-powered ranking engine scores NBHC at 53.3/100 on a 32-signal composite quality model, placing it at rank #1,291 of 2,879 stocks — the top half of the AI-ranked universe. NBHC scores in the top quartile across profitability (97.6), free cash flow (96.8), institutional flow (88.9). Areas of concern include revenue scale (10.0) and revenue growth (23.1), which score below median versus the broader universe. Shareholder dilution risk is elevated at 12.2/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q1 2026), National Bank Holdings Corp reports quarterly revenue of $11.3M, net income of $20.8M, free cash flow of $-56.8M. Top institutional holders of NBHC by reported 13-F value include BlackRock,, VANGUARD PORTFOLIO MANAGEMENT, WILLIAM BLAIR INVESTMENT MANAGEMENT,, based on the most recent SEC filings. NBHC trades on the NYSE exchange and files with the SEC under CIK 1475841. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate NBHC daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for National Bank Holdings Corp directly from SEC EDGAR. National Bank Holdings Corp's 13F Pro composite quality score has ranged between 45 and 71 since 2023, currently 53.3 — an improving long-term trajectory across 20 quarterly and live scoring snapshots.
Revenue
Q1 2026
$11.3M
Net Income
Q1 2026
$20.8M
Free Cash Flow
Q1 2026
$-56.8M
D/E Ratio
Q1 2026
0.12
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
-2.4% YoYNet Income
-16.4% YoYEPS (Diluted)
-17.2% YoYTotal Assets
-1.4% YoYTotal Debt
+0.6% YoYOp. Cash Flow
-7.0% YoY| Metric | FY 2024 | FY 2023 | FY 2022 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|
| Revenue | $45.8M -2.4% | $46.9M +22.5% | $38.3M +18.2% | $32.4M | — | — |
| Net Income | $118.8M -16.4% | $142.0M +99.3% | $71.3M -19.5% | $88.6M +10.2% | $80.4M +30.8% | $61.5M |
| EPS (Diluted) | $3.08 -17.2% | $3.72 +70.6% | $2.18 -23.5% | $2.85 +11.8% | $2.55 +30.8% | $1.95 |
| Total Assets | $9.81B -1.4% | $9.95B +3.9% | $9.57B +43.7% | $6.66B +13.0% | $5.90B +3.9% | $5.68B |
| Total Debt | $54.5M +0.6% | $54.2M +0.6% | $53.9M | — | — | — |
| Operating Cash Flow | $155.3M -7.0% | $166.9M -22.2% | $214.6M +3555.2% | $-6.2M -114.0% | $44.2M -39.9% | $73.6M |
AI Insight: NBHC Financial Trends
Q1 2026 shows severe operational stress: negative operating cash flow of $57M, debt spiked 268% to $202M, and net income collapsed 71% sequentially.
• Revenue flat at $11M for six consecutive quarters through Q3 2025, then spiked to $14M in Q4 2025 before reverting to $11M in Q1 2026.
• Operating cash flow turned sharply negative ($57M outflow) in Q1 2026, after four quarters of positive $32–52M inflows.
• Total debt jumped from $55M to $202M in latest quarter; equity expanded 21% from Q3 2025 to Q1 2026, reflecting equity raise or loss absorption.
⚠ Net income fell 71% from $35M (Q3 2025) to $16M (Q4 2025) to $21M (Q1 2026)—steepest two-quarter decline in the dataset.
⚠ Leverage ratio (Debt/Equity) jumped to 12% in Q1 2026 from 4% in prior quarters—first material spike; sustainability unclear.
AI Insight: NBHC Ratio Trends
Profitability metrics collapsed in Q4 2025 and remain depressed into Q1 2026, with ROE halving from 10.3% to 5.0% and ROIC declining 640bp year-over-year.
• ROE fell from 10.3% in Q3 2025 to 4.6% in Q4 2025, then recovered slightly to 5.0% in Q1 2026, but remains well below prior-year levels of 8.4%–10.2%.
• ROIC compressed from 12.1% in Q3 2025 to 5.3% in Q4 2025 and 5.6% in Q1 2026, a 640bp decline versus Q2 2025's 11.8%.
• Q4 2025 and Q1 2026 generated abnormally high operating and net profit margins (137.1% and 183.3%), suggesting one-off gains masking underlying earnings weakness.
⚠ ROA declined to 0.7% in Q4 2025 and Q1 2026, down from 1.4% in Q2–Q3 2025, indicating deteriorating asset productivity.
⚠ Debt-to-equity ratio doubled from 0.04 to 0.12 in Q1 2026, a first increase in eight quarters; monitor for balance-sheet restructuring.
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Available Research
13F Pro tracks comprehensive data for National Bank Holdings Corp including:
Top Institutional Holders of NBHC
BlackRock, Inc.
$215.9M5,512,754 shVANGUARD PORTFOLIO MANAGEMENT LLC
$101.4M2,589,592 shWILLIAM BLAIR INVESTMENT MANAGEMENT, LLC
$96.9M2,474,861 shWELLINGTON MANAGEMENT GROUP LLP
$87.9M2,243,988 shSTATE STREET CORP
$85.3M2,177,377 shDIMENSIONAL FUND ADVISORS LP
$82.3M2,100,944 shVANGUARD CAPITAL MANAGEMENT LLC
$72.3M1,846,848 shCHARLES SCHWAB INVESTMENT MANAGEMENT INC
$60.5M1,544,528 shWESTWOOD HOLDINGS GROUP INC
$55.6M1,420,890 shDEPRINCE RACE & ZOLLO INC
$41.6M1,062,271 sh
| Fund | Value | Shares |
|---|---|---|
| BlackRock, Inc. | $215.9M | 5,512,754 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $101.4M | 2,589,592 |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC | $96.9M | 2,474,861 |
| WELLINGTON MANAGEMENT GROUP LLP | $87.9M | 2,243,988 |
| STATE STREET CORP | $85.3M | 2,177,377 |
| DIMENSIONAL FUND ADVISORS LP | $82.3M | 2,100,944 |
| VANGUARD CAPITAL MANAGEMENT LLC | $72.3M | 1,846,848 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $60.5M | 1,544,528 |
| WESTWOOD HOLDINGS GROUP INC | $55.6M | 1,420,890 |
| DEPRINCE RACE & ZOLLO INC | $41.6M | 1,062,271 |
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Popular Research
Is NBHC a good stock to buy?
13F Pro's AI-powered analysis of National Bank Holdings Corp (NBHC) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Financials sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for NBHC are available on the NBHC stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own NBHC?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling NBHC. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of National Bank Holdings Corp's investment landscape.