Short answer
National Bank Holdings Corp (NBHC) filed its fiscal 2025 10-K annual report with the SEC on Feb 24, 2026. It reported revenue of $47M (+2.1% year over year) and net income of $110M.
- Top risk flagged: Board Audit & Risk Committee oversees cybersecurity risk management program execution
FY2025 key financial metrics · XBRL
- Revenue
- $47M
- +2.1% YoY
- Net income
- $110M
- −7.8% YoY
- EPS (diluted)
- $2.85
- −7.5% YoY
- ROE
- 7.9%
- −1.2 pp YoY
- Operating cash flow
- $162M
- +4.6% YoY
Source: XBRL data from the National Bank Holdings Corp (NBHC) FY2025 10-K on SEC EDGAR. USD.
National Bank Holdings Corp FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business model: Regional bank holding company providing banking and financial services through subsidiary banks
- New regulatory exposure due to assets exceeding $10 billion post-acquisition, losing Durbin Amendment debit interchange fee exemption
- Strategic regulatory risk focus with increased CFPB oversight and potential capital injection requirements under Federal Reserve “source of strength” policy
- Total assets grew to over $10 billion from $9.9 billion as of Dec 31, 2025, triggering increased regulatory and compliance costs
- Heightened risk of regulatory enforcement actions impacting dividends, share repurchases, and capital allocation strategies
Management Discussion & Analysis
- Revenue $424.0M, net interest income FTE up $3.9M to $356.4M in 2025 vs 2024
- Operating margin (efficiency ratio ex intangibles) 58.43% vs 58.69% in 2024, net income $109.6M vs $118.8M, adjusted net income $117.6M vs $123.9M
- Best segment: Non-interest income rose 10.3% to $67.6M driven by gains on investments and trusts; Worst: Loans declined from $7.8B to $7.4B
- Cash flow & capital: repurchased 416,795 shares for $15.2M; paid $1.20 dividends/share; capex includes $21.6M 2UniFi investment in 2025
- Outlook: Acquisition of Vista ($2.5B assets) closed; risks include intense deposit competition, interest rate uncertainty, and scaling 2UniFi digital platform
Risk Factors
- Board Audit & Risk Committee oversees cybersecurity risk management program execution
- CEO-appointed Chief Risk Management Officer leads Enterprise Risk Management Committee including cybersecurity
- CISO with 15+ years experience directs cybersecurity strategy, reporting to Chief Risk Officer
- Enterprise Technology Department led by CTO with 25+ years experience handles cybersecurity network operations
- Internal Audit and third parties evaluate cybersecurity effectiveness, reporting to Audit & Risk Committee annually
Generated from the filing text; verify against the original. How to read a 10-K
Ask about this 10-K
Compare years, dig into a risk factor or check the numbers against insider trades and fund holders.