NBHC FY 2021 Earnings Report — National Bank Holdings Corporation Revenue & Financial Results | Market Cap Arena

National Bank Holdings CorporationNBHC

FY 2021 Earnings

Reported February 23, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$306M	—	$354M	—	-13.5%
Op. Income	$115M	—	$109M	—	5.1%
Gross Margin	98.5%	—	87.9%	—	10.6pp
Net Margin	30.6%	—	25.0%	—	5.5pp
EPS (Diluted)	$3.01	—	$2.85	—	5.6%
Free Cash Flow	$180M	—	-$11M	—	1799.2%

Revenue Flow

Item	Amount
REVENUE	$306M
Cost of Revenue	$5M
GROSS PROFIT	$302M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$129M
SG&A Expenses	$132M
Other Expenses	$55M
Operating Expenses	$187M
Cost & Expenses	$191M
OPERATING INCOME	$115M
Interest Income	$201M
Interest Expense	$14M
Other Income/Expenses	$0
INCOME BEFORE TAX	$115M
Income Tax Expense	$21M
Net Income from Continuing Ops	$94M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$94M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$93M
D&A	$14M
EBIT	$115M
EBITDA	$129M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$306M
Cost of Revenue	$5M
GROSS PROFIT	$302M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$129M
SG&A Expenses	$132M
Other Expenses	$55M
Operating Expenses	$187M
Cost & Expenses	$191M
OPERATING INCOME	$115M
Interest Income	$201M
Interest Expense	$14M
Other Income/Expenses	$0
INCOME BEFORE TAX	$115M
Income Tax Expense	$21M
Net Income from Continuing Ops	$94M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$94M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$93M
D&A	$14M
EBIT	$115M
EBITDA	$129M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$94M
Depreciation & Amortization	$14M
Stock-Based Compensation	$6M
Deferred Income Tax	-$226.0K
Other Non-Cash Items	$106M
Change in Working Capital	-$39M
OPERATING CASH FLOW	$180M
Capital Expenditure	$0
Acquisitions (Net)	$0
Purchases of Investments	-$714M
Sales/Maturities of Investments	$400M
Other Investing Activities	-$165M
NET CASH FROM INVESTING	-$474M
Net Debt Issuance	$40M
Common Stock Repurchased	-$36M
Common Dividends Paid	-$27M
Other Financing Activities	$552M
NET CASH FROM FINANCING	$529M
FREE CASH FLOW	$180M
Net Change in Cash	$235M

Balance Sheet

Item	Amount
Cash & Equivalents	$846M
Short-Term Investments	$692M
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.5B
PP&E (Net)	$97M
Goodwill	$115M
Intangible Assets	$12M
Long-Term Investments	$5.2B
Tax Assets	$0
Other Non-Current Assets	$241M
TOTAL NON-CURRENT ASSETS	$5.7B
TOTAL ASSETS	$7.2B
Account Payables	$0
Short-Term Debt	$23M
Deferred Revenue	$0
Other Current Liabilities	$6.2B
TOTAL CURRENT LIABILITIES	$6.3B
Long-Term Debt	$39M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$83M
TOTAL NON-CURRENT LIABILITIES	$123M
TOTAL LIABILITIES	$6.4B
Common Stock	$515.0K
Additional Paid-In Capital	$1.0B
Retained Earnings	$290M
Treasury Stock	-$458M
Accum. Other Comp. Income	-$7M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$840M
Minority Interest	$0
TOTAL EQUITY	$840M
TOTAL LIABILITIES & EQUITY	$7.2B
Total Debt	$62M
Net Debt	-$783M