NBHC FY 2023 Earnings Report — National Bank Holdings Corporation Revenue & Financial Results | Market Cap Arena

National Bank Holdings CorporationNBHC

FY 2023 Earnings

Reported February 27, 2024

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2023	Prior Q	FY 2022	QoQ Change	YoY Change
Revenue	$554M	—	$347M	—	59.7%
Op. Income	$176M	—	$86M	—	103.8%
Gross Margin	74.4%	—	84.2%	—	-9.9pp
Net Margin	25.7%	—	20.6%	—	5.1pp
EPS (Diluted)	$3.72	—	$2.18	—	70.6%
Free Cash Flow	$130M	—	$202M	—	-35.7%

Revenue Flow

Item	Amount
REVENUE	$554M
Cost of Revenue	$142M
GROSS PROFIT	$412M
R&D Expenses	$0
Selling & Marketing	$4M
General & Administrative	$145M
SG&A Expenses	$149M
Other Expenses	$87M
Operating Expenses	$236M
Cost & Expenses	$378M
OPERATING INCOME	$176M
Interest Income	$492M
Interest Expense	$133M
Other Income/Expenses	$0
INCOME BEFORE TAX	$176M
Income Tax Expense	$34M
Net Income from Continuing Ops	$142M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$142M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$142M
D&A	$24M
EBIT	$176M
EBITDA	$199M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$554M
Cost of Revenue	$142M
GROSS PROFIT	$412M
R&D Expenses	$0
Selling & Marketing	$4M
General & Administrative	$145M
SG&A Expenses	$149M
Other Expenses	$87M
Operating Expenses	$236M
Cost & Expenses	$378M
OPERATING INCOME	$176M
Interest Income	$492M
Interest Expense	$133M
Other Income/Expenses	$0
INCOME BEFORE TAX	$176M
Income Tax Expense	$34M
Net Income from Continuing Ops	$142M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$142M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$142M
D&A	$24M
EBIT	$176M
EBITDA	$199M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$142M
Depreciation & Amortization	$24M
Stock-Based Compensation	$7M
Deferred Income Tax	$0
Other Non-Cash Items	$4M
Change in Working Capital	-$10M
OPERATING CASH FLOW	$167M
Capital Expenditure	-$37M
Acquisitions (Net)	-$45M
Purchases of Investments	-$109M
Sales/Maturities of Investments	$262M
Other Investing Activities	-$475M
NET CASH FROM INVESTING	-$404M
Net Debt Issuance	-$45M
Common Stock Repurchased	$0
Common Dividends Paid	-$40M
Other Financing Activities	$316M
NET CASH FROM FINANCING	$231M
FREE CASH FLOW	$130M
Net Change in Cash	-$6M

Balance Sheet

Item	Amount
Cash & Equivalents	$191M
Short-Term Investments	$629M
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$820M
PP&E (Net)	$163M
Goodwill	$306M
Intangible Assets	$66M
Long-Term Investments	$8.3B
Tax Assets	$0
Other Non-Current Assets	$342M
TOTAL NON-CURRENT ASSETS	$9.1B
TOTAL ASSETS	$10.0B
Account Payables	$0
Short-Term Debt	$20M
Deferred Revenue	$0
Other Current Liabilities	$8.2B
TOTAL CURRENT LIABILITIES	$8.2B
Long-Term Debt	$394M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$134M
TOTAL NON-CURRENT LIABILITIES	$528M
TOTAL LIABILITIES	$8.7B
Common Stock	$515.0K
Additional Paid-In Capital	$1.2B
Retained Earnings	$433M
Treasury Stock	-$307M
Accum. Other Comp. Income	-$76M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.2B
Minority Interest	$0
TOTAL EQUITY	$1.2B
TOTAL LIABILITIES & EQUITY	$10.0B
Total Debt	$414M
Net Debt	$223M