Lumida
/NBHC
⌘K
National Bank Holdings Corp

National Bank Holdings Corp

NBHC
$41.76USD+0.46%+0.19 today

MARKET CAP

1.9B

P/E (TTM)

15.1x

FWD P/E

11.0x

DAY RANGE

$41 – $42

52W RANGE

$35
$47

AI Summary

Stalk
Sell NowMedium

NBHC remains in a Stage 4 decline, trading below the 9-, 20-, and 50-day EMAs after a support failure in mid-August. The bearish pattern and inability to reclaim near-term EMAs point to continued downside risk, so we sell now, looking to participate in relief rallies up into the 20-day EMA and 50-day SMA as optimal execution zones. A decisive weekly close above the 20-day EMA would invalidate the bearish bias, while a breakdown below the 200-day SMA would accelerate the decline.

  • Q2 net income rose 33% QoQ to $35.3M ($0.78/share)
  • Record $927M in loan originations, driving 10% YTD growth
  • P/E of 19.5x well above industry average of 12x
Full analysis →
STATEMENT·Income statement
USD · GAAP
METRICFY 2021FY 2022FY 2023FY 2024FY 2025TREND
Sales, Adj.$311.3M$352.0M$559.3M$599.5M$587.3M
YoY %-13.1%+13.1%+58.9%+7.2%-2.0%
P / Sales4.4x4.0x2.5x2.8x2.5x
EV / Sales22.1x27.5x17.8x16.7x16.2x
Gross Profit, Adj.$297.5M$334.1M$425.9M$406.6M$416.1M
YoY %-10.7%+12.3%+27.4%-4.5%+2.3%
Margin %95.6%94.9%76.1%67.8%70.8%
EV / Gross Profit23.2x29.0x23.4x24.7x22.9x
EBITDA, Adj.$115.0M$86.2M$175.6M$145.2M$133.6M
YoY %+2.9%-25.0%+103.8%-17.3%-8.0%
Margin %36.9%24.5%31.4%24.2%22.8%
EV / EBITDA60.0x112.3x56.7x69.0x71.3x
EBIT$115.0M$86.2M$175.6M$145.2M$133.6M
YoY %+5.1%-25.0%+103.8%-17.3%-8.0%
Margin %36.9%24.5%31.4%24.2%22.8%
EV / EBIT60.0x112.3x56.7x69.0x71.3x
Net Income$93.6M$71.3M$141.8M$118.5M$108.7M
YoY %+5.7%-23.9%+99.0%-16.4%-8.3%
Net Margin30.1%20.2%25.4%19.8%18.5%
EPS (GAAP)$3.01$2.18$3.72$3.08$2.85
YoY %+5.6%-27.6%+70.6%-17.2%-7.5%