NBHCNational Bank Holdings Corp
National Commercial Banks
- Revenue
- $47M
- 2.1% YoY
- Operating margin
- —
- EBITDA
- —
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- —
- −$179M net debt
- AI in 10-K
- —
Red flags 1 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear148% of net incomeCash flow under 80% of net income
- Dilutive SBCFired15% of revenueOver 10% of revenue
- Payouts exceed cash flowClear38% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear4% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $36M | $38M | $47M | $46M | $47M | 2.1% |
| Net income | $94M | $71M | $142M | $119M | $110M | 7.8% |
| Operating cash flow | $180M | $215M | $167M | $155M | $162M | 4.6% |
| Stock-based comp | $6M | $6M | $7M | $8M | $7M | 9.9% |
| Buybacks | $36M | — | — | — | $15M | |
| Dividends | $27M | $30M | $40M | $43M | $46M | 7.2% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
No pay-versus-performance disclosure yet.