NBHC FY 2022 Earnings Report — National Bank Holdings Corporation Revenue & Financial Results | Market Cap Arena

National Bank Holdings CorporationNBHC

FY 2022 Earnings

Reported February 28, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$347M	—	$306M	—	13.2%
Op. Income	$86M	—	$115M	—	-25.0%
Gross Margin	84.2%	—	98.5%	—	-14.3pp
Net Margin	20.6%	—	30.6%	—	-10.0pp
EPS (Diluted)	$2.18	—	$3.01	—	-27.6%
Free Cash Flow	$202M	—	$180M	—	12.6%

Revenue Flow

Item	Amount
REVENUE	$347M
Cost of Revenue	$55M
GROSS PROFIT	$292M
R&D Expenses	$0
Selling & Marketing	$4M
General & Administrative	$127M
SG&A Expenses	$131M
Other Expenses	$75M
Operating Expenses	$206M
Cost & Expenses	$260M
OPERATING INCOME	$86M
Interest Income	$284M
Interest Expense	$18M
Other Income/Expenses	$0
INCOME BEFORE TAX	$86M
Income Tax Expense	$15M
Net Income from Continuing Ops	$71M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$71M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$71M
D&A	$16M
EBIT	$86M
EBITDA	$103M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$347M
Cost of Revenue	$55M
GROSS PROFIT	$292M
R&D Expenses	$0
Selling & Marketing	$4M
General & Administrative	$127M
SG&A Expenses	$131M
Other Expenses	$75M
Operating Expenses	$206M
Cost & Expenses	$260M
OPERATING INCOME	$86M
Interest Income	$284M
Interest Expense	$18M
Other Income/Expenses	$0
INCOME BEFORE TAX	$86M
Income Tax Expense	$15M
Net Income from Continuing Ops	$71M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$71M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$71M
D&A	$16M
EBIT	$86M
EBITDA	$103M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$71M
Depreciation & Amortization	$16M
Stock-Based Compensation	$6M
Deferred Income Tax	$0
Other Non-Cash Items	$152M
Change in Working Capital	-$31M
OPERATING CASH FLOW	$215M
Capital Expenditure	-$12M
Acquisitions (Net)	$234M
Purchases of Investments	-$399M
Sales/Maturities of Investments	$408M
Other Investing Activities	-$983M
NET CASH FROM INVESTING	-$752M
Net Debt Issuance	$385M
Common Stock Repurchased	$0
Common Dividends Paid	-$30M
Other Financing Activities	-$468M
NET CASH FROM FINANCING	-$114M
FREE CASH FLOW	$202M
Net Change in Cash	-$652M

Balance Sheet

Item	Amount
Cash & Equivalents	$196M
Short-Term Investments	$706M
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$902M
PP&E (Net)	$136M
Goodwill	$279M
Intangible Assets	$60M
Long-Term Investments	$7.9B
Tax Assets	$0
Other Non-Current Assets	$340M
TOTAL NON-CURRENT ASSETS	$8.7B
TOTAL ASSETS	$9.6B
Account Payables	$0
Short-Term Debt	$20M
Deferred Revenue	$0
Other Current Liabilities	$7.9B
TOTAL CURRENT LIABILITIES	$7.9B
Long-Term Debt	$439M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$149M
TOTAL NON-CURRENT LIABILITIES	$588M
TOTAL LIABILITIES	$8.5B
Common Stock	$515.0K
Additional Paid-In Capital	$1.2B
Retained Earnings	$331M
Treasury Stock	-$310M
Accum. Other Comp. Income	-$88M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.1B
Minority Interest	$0
TOTAL EQUITY	$1.1B
TOTAL LIABILITIES & EQUITY	$9.6B
Total Debt	$459M
Net Debt	$264M