National Bank Holdings
Market Cap
US$1.0b
Last Updated
2020/02/27 02:00 UTC
Data Sources
Company Financials +
Executive Summary
National Bank Holdings Corporation operates as the bank holding company for NBH Bank, N.A.
Rewards
Risk Analysis
Earnings are forecast to decline by an average of -1.4% per year for the next 3 years
Snowflake Analysis
Flawless balance sheet with proven track record.
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
-3.9%
NBHC
-9.0%
US Banks
-7.6%
US Market
1 Year Return
-8.5%
NBHC
1.2%
US Banks
10.2%
US Market
Return vs Industry: NBHC underperformed the US Banks industry which returned 1.2% over the past year.
Return vs Market: NBHC underperformed the US Market which returned 10.2% over the past year.
Shareholder returns
| NBHC | Industry | Market | |
|---|---|---|---|
| 7 Day | -3.9% | -9.0% | -7.6% |
| 30 Day | -2.3% | -6.9% | -4.5% |
| 90 Day | -7.7% | -8.9% | -0.6% |
| 1 Year | -6.4%-8.5% | 4.1%1.2% | 12.5%10.2% |
| 3 Year | 4.8%-0.3% | 11.7%3.8% | 37.1%28.3% |
| 5 Year | 92.0%79.1% | 58.4%40.5% | 60.8%43.2% |
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
5 days ago | Simply Wall St
Should You Buy National Bank Holdings Corporation (NYSE:NBHC) For Its Upcoming Dividend In 4 Days?1 week ago | Simply Wall St
Does The National Bank Holdings Corporation (NYSE:NBHC) Share Price Tend To Follow The Market?3 weeks ago | Simply Wall St
Is There Now An Opportunity In National Bank Holdings Corporation (NYSE:NBHC)?Valuation
Is National Bank Holdings undervalued compared to its fair value and its price relative to the market?
12.87x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: NBHC ($33.07) is trading above our estimate of fair value ($31.67)
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 (12.9x) compared to the Banks industry average (12.1x).
PE vs Market: NBHC is good value based on its PE Ratio (12.9x) compared to the US market (17.1x).
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 (1.3x) compared to the US Banks industry average (1.1x).
Next Steps
Future Growth
How is National Bank Holdings forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
-1.4%
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 (-1.4% per year).
Earnings vs Market: NBHC's earnings are forecast to decline over the next 3 years (-1.4% per year).
High Growth Earnings: NBHC's earnings are forecast to decline over the next 3 years.
Revenue vs Market: NBHC's revenue (3.3% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: NBHC's revenue (3.3% per year) is forecast to grow slower than 20% 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 (9.7%).
Next Steps
Past Performance
How has National Bank Holdings performed over the past 5 years?
49.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NBHC has high quality earnings.
Growing Profit Margin: NBHC's current net profit margins (29%) are higher than last year (23.3%).
Past Earnings Growth Analysis
Earnings Trend: NBHC's earnings have grown significantly by 49.3% per year over the past 5 years.
Accelerating Growth: NBHC's earnings growth over the past year (30.9%) is below its 5-year average (49.3% per year).
Earnings vs Industry: NBHC earnings growth over the past year (30.9%) exceeded the Banks industry 11.9%.
Return on Equity
High ROE: NBHC's Return on Equity (10.5%) is considered low.
Return on Assets
Return on Capital Employed
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
Inventory Level: NBHC has a low level of unsold assets or inventory.
Debt Coverage by Assets: NBHC's debt is covered by short term assets (assets are 1x debt).
Financial Institutions Analysis
Asset Level: NBHC's level of assets compared to its equity is low.
Allowance for Bad Loans: NBHC has a sufficient allowance for bad loans.
Low Risk Liabilities: NBHC's liabilities are made up of primarily low risk sources of funding.
Loan Level: NBHC has an acceptable proportion of non-loan assets held.
Low Risk Deposits: NBHC's loans are broadly funded by customer deposits.
Level of Bad Loans: NBHC has an appropriate level of bad loans (0.49%)
Next Steps
Dividend
What is National Bank Holdings's current dividend yield, its reliability and sustainability?
2.42%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: NBHC's dividend (2.42%) is higher than the bottom 25% of dividend payers in the US market (1.53%).
High Dividend: NBHC's dividend (2.42%) is low compared to the top 25% of dividend payers in the US market (3.96%).
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 7 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (30.4%), 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 (35.3% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.1yrs
Average management tenure
CEO
Tim Laney (59yo)
9.7yrs
Tenure
US$3,188,134
Compensation
Mr. G. Timothy Laney, also known as Tim, has been the Chief Executive Officer and President of National Bank Holdings Corp. (NBH) at Bank Midwest, National Association since June 2010. Mr. Laney serves as ...
CEO Compensation Analysis
Compensation vs Market: Tim's total compensation ($USD3.19M) is about average for companies of similar size in the US market ($USD2.58M).
Compensation vs Earnings: Tim's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 9.7yrs | US$3.19m | 2.35% $24.2m | |
| Executive VP | 1.5yrs | US$675.26k | 0.14% $1.5m | |
| Chief Human Resources Officer | 6.5yrs | US$971.99k | 0.19% $2.0m | |
| Chief Risk Management Officer | 9.1yrs | US$1.00m | 0.66% $6.8m | |
| EVP, Head of Residential Banking & Market President for Colorado Springs Area | 2.1yrs | US$794.64k | 0.078% $805.6k | |
| Senior VP & Chief Accounting Officer | 1.7yrs | no data | 0.0044% $45.6k | |
| Market Manager of Commercial Banking & Director of Treasury Management | 0.9yrs | no data | no data | |
| EVP, Head of Bus. & Consumer Banking | 3.1yrs | US$501.24k | 0.036% $372.2k | |
| Senior VP & Associate General Counsel | 0yrs | no data | no data | |
| President of Bank Midwest | 3.1yrs | no data | 0.0060% $61.9k |
2.1yrs
Average Tenure
49yo
Average Age
Experienced Management: NBHC's management team is considered experienced (2.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 9.7yrs | US$3.19m | 2.35% $24.2m | |
| EVP, Head of Bus. & Consumer Banking | 3.1yrs | US$501.24k | 0.036% $372.2k | |
| President of Bank Midwest | 3.1yrs | no data | 0.0060% $61.9k | |
| EVP, Chief Client Executive & Deposit Operations Executive | 1.1yrs | no data | 0.052% $533.2k | |
| Independent Director | 3.6yrs | US$150.00k | 0.027% $280.2k | |
| Independent Director | 10.3yrs | US$150.00k | 0.099% $1.0m | |
| Independent Director | 10.3yrs | US$170.00k | 0.11% $1.1m | |
| Independent Director | 10.7yrs | US$170.00k | 0.10% $1.0m | |
| Independent Director | 5.6yrs | US$150.00k | 0.040% $417.0k | |
| Lead Director | 5.8yrs | US$205.00k | 0.24% $2.5m |
5.7yrs
Average Tenure
66.5yo
Average Age
Experienced Board: NBHC's board of directors are considered experienced (5.7 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.
Recent Insider Transactions
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$1.031b
- Shares outstanding: 31.18m
- 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| NBHC | NYSE (New York Stock Exchange) | Yes | Class A Common Stock | US | USD | Sep 2012 |
| NB9 | DB (Deutsche Boerse AG) | Yes | Class A Common Stock | DE | EUR | Sep 2012 |
Biography
National Bank Holdings Corporation operates as the bank holding company for NBH Bank, N.A. that provides various banking products and financial services to commercial, business, and consumer clients in the United States. The company offers deposit products, including checking accounts, savings accounts, money market accounts, and other deposit accounts, including fixed-rate and fixed maturity time deposits. It also provides commercial and industrial loans and leases, such as working capital loans, equipment loans, lender finance loans, agriculture loans, government and non-profit loans, owner occupied commercial real estate loans, and other commercial loans and leases. The company also offers non-owner occupied commercial real estate loans consisting of loans on commercial properties, such as office buildings, warehouse/distribution buildings, and multi-family and retail buildings; and small business administration loans to support manufacturers, distributors, and service providers; term loans, line of credit, and real estate secured loans; residential real estate loans; and consumer loans. In addition, it offers treasury management solutions comprising online and mobile banking, commercial credit card, wire transfer, automated clearing house, electronic bill payment, lock box, remote deposit capture, merchant processing, cash vault, controlled disbursements, and fraud prevention services, as well as other auxiliary services, including account reconciliation, collections, repurchase accounts, zero balance accounts, and sweep accounts. As of December 31, 2018, the company operated through a network of 104 banking centers located in Colorado, the greater Kansas City area, New Mexico, and Texas. It also operates 128 ATMs. The company was formerly known as NBH Holdings Corp. and changed its name to National Bank Holdings Corporation in March 2012. National Bank Holdings Corporation was incorporated in 2009 and is headquartered in Greenwood Village, Colorado.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/27 02:00 |
| End of Day Share Price | 2020/02/26 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.