NYSE:NBHC

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National Bank Holdings

Executive Summary

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. More Details


Snowflake Analysis

Flawless balance sheet second-rate dividend payer.


Similar Companies

Share Price & News

How has National Bank Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: NBHC has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

4.0%

NBHC

-3.3%

US Banks

-2.4%

US Market


1 Year Return

-13.4%

NBHC

-29.0%

US Banks

18.2%

US Market

Return vs Industry: NBHC exceeded the US Banks industry which returned -28% over the past year.

Return vs Market: NBHC underperformed the US Market which returned 19.5% over the past year.


Shareholder returns

NBHCIndustryMarket
7 Day4.0%-3.3%-2.4%
30 Day19.0%-0.2%4.2%
90 Day7.3%-1.1%6.3%
1 Year-11.1%-13.4%-26.4%-29.0%20.9%18.2%
3 Year-2.7%-8.3%-19.4%-26.1%41.2%31.8%
5 Year42.6%31.9%16.5%2.0%84.8%63.9%

Price Volatility Vs. Market

How volatile is National Bank Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is National Bank Holdings undervalued compared to its fair value and its price relative to the market?

12.63x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: NBHC ($29.93) is trading above our estimate of fair value ($21.41)

Significantly Below Fair Value: NBHC is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: NBHC is poor value based on its PE Ratio (12.5x) compared to the US Banks industry average (9.9x).

PE vs Market: NBHC is good value based on its PE Ratio (12.5x) compared to the US market (19x).


Price to Earnings Growth Ratio

PEG Ratio: NBHC's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: NBHC is overvalued based on its PB Ratio (1.2x) compared to the US Banks industry average (0.8x).


Next Steps

Future Growth

How is National Bank Holdings forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

-8.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NBHC's earnings are forecast to decline over the next 3 years (-8.3% per year).

Earnings vs Market: NBHC's earnings are forecast to decline over the next 3 years (-8.3% per year).

High Growth Earnings: NBHC's earnings are forecast to decline over the next 3 years.

Revenue vs Market: NBHC's revenue is expected to decline over the next 3 years (-2.6% per year).

High Growth Revenue: NBHC's revenue is forecast to decline over the next 3 years (-2.6% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: NBHC's Return on Equity is forecast to be low in 3 years time (7.4%).


Next Steps

Past Performance

How has National Bank Holdings performed over the past 5 years?

46.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NBHC has high quality earnings.

Growing Profit Margin: NBHC's current net profit margins (26.2%) are lower than last year (27.9%).


Past Earnings Growth Analysis

Earnings Trend: NBHC's earnings have grown significantly by 46% per year over the past 5 years.

Accelerating Growth: NBHC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: NBHC had negative earnings growth (-0.07%) over the past year, making it difficult to compare to the Banks industry average (-3%).


Return on Equity

High ROE: NBHC's Return on Equity (9.6%) is considered low.


Next Steps

Financial Health

How is National Bank Holdings's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: NBHC's Assets to Equity ratio (8.2x) is low.

Allowance for Bad Loans: NBHC has a sufficient allowance for bad loans (302%).

Low Risk Liabilities: 97% of NBHC's liabilities are made up of primarily low risk sources of funding.

Loan Level: NBHC has an appropriate level of Loans to Assets ratio (74%).

Low Risk Deposits: NBHC's Loans to Deposits ratio (87%) is appropriate.

Level of Bad Loans: NBHC has an appropriate level of bad loans (0.4%).


Next Steps

Dividend

What is National Bank Holdings's current dividend yield, its reliability and sustainability?

2.64%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: NBHC's dividend (2.67%) is higher than the bottom 25% of dividend payers in the US market (1.62%).

High Dividend: NBHC's dividend (2.67%) is low compared to the top 25% of dividend payers in the US market (4.66%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, NBHC has been paying a dividend for less than 10 years.

Growing Dividend: NBHC's dividend payments have increased, but the company has only paid a dividend for 8 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (33.4%), NBHC's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: NBHC's dividends in 3 years are forecast to be well covered by earnings (40% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.2yrs

Average management tenure


CEO

Tim Laney (60 yo)

10.33yrs

Tenure

US$2,725,553

Compensation

Mr. G. Timothy Laney, also known as Tim, has been the Chief Executive Officer and President of National Bank Holdings Corp. (NBH) at Bank Midwest, National Association since June 2010. Mr. Laney serves as ...


CEO Compensation Analysis

Compensation vs Market: Tim's total compensation ($USD2.73M) is about average for companies of similar size in the US market ($USD2.82M).

Compensation vs Earnings: Tim's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
G. Laney
Chairman10.33yrsUS$2.73m1.98%
$ 18.3m
Aldis Birkans
Executive VP2.17yrsUS$806.29k0.043%
$ 397.9k
Richard Newfield
Executive VP & Chief Risk Management Officer9.75yrsUS$945.14k0.38%
$ 3.5m
Nicole Van Denabeele
President of Bank Midwest2.33yrsno data0.0066%
$ 61.1k
Angela Petrucci
Executive VP0.25yrno data0.017%
$ 153.7k
Charlie Koch
Market Manager of Commercial Banking & Director of Treasury Management1.58yrsno datano data
Patrick Sobers
EVP, Head of Bus. & Consumer Banking3.75yrsUS$501.24k0.045%
$ 412.3k
Ruth Stevenson
EVP ,Chief Client Executive & Deposit Operations Executive1.75yrsno data0.057%
$ 526.3k
Brendan Zahl
EVP, Head of Residential Banking0.75yrUS$794.64k0.086%
$ 797.6k

2.2yrs

Average Tenure

59yo

Average Age

Experienced Management: NBHC's management team is considered experienced (2.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
G. Laney
Chairman10.33yrsUS$2.73m1.98%
$ 18.3m
Patrick Sobers
EVP, Head of Bus. & Consumer Banking3.75yrsUS$501.24k0.045%
$ 412.3k
Ruth Stevenson
EVP ,Chief Client Executive & Deposit Operations Executive1.75yrsno data0.057%
$ 526.3k
Art Zeile
Independent Director4.25yrsUS$170.00k0.040%
$ 372.6k
Micho Spring
Independent Director11yrsUS$170.00k0.11%
$ 1.0m
Burney Warren
Independent Director11yrsUS$190.00k0.090%
$ 832.8k
Robert Dean
Independent Director11.33yrsUS$190.00k0.12%
$ 1.1m
Christopher Randall
Executive VP3.75yrsUS$617.24k0.045%
$ 415.3k
Fred Joseph
Independent Director6.25yrsUS$170.00k0.054%
$ 496.6k
Ralph Clermont
Independent Lead Director6.42yrsUS$225.00k0.27%
$ 2.5m

6.3yrs

Average Tenure

67.5yo

Average Age

Experienced Board: NBHC's board of directors are considered experienced (6.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

National Bank Holdings Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: National Bank Holdings Corporation
  • Ticker: NBHC
  • Exchange: NYSE
  • Founded: 2009
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$925.018m
  • Shares outstanding: 30.57m
  • Website: https://www.nationalbankholdings.com

Number of Employees


Location

  • National Bank Holdings Corporation
  • 7800 East Orchard Road
  • Suite 300
  • Greenwood Village
  • Colorado
  • 80111
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NBHCNYSE (New York Stock Exchange)YesClass A Common StockUSUSDSep 2012
NB9DB (Deutsche Boerse AG)YesClass A Common StockDEEURSep 2012

Biography

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 Unite ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/21 00:38
End of Day Share Price2020/10/20 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.