Filing Flows › National Bank Holdings (NBHC) › Q1 2025
National Bank Holdings (NBHC) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 30, 2025
National Bank Holdings (NBHC) reported revenue of $102M for the first quarter 2025 (Q1 2025), +0.3% from a year earlier and +0.8% from the quarter before. Operating margin was 29.2%, net earnings $24.2M (23.7% of revenue).
National Bank Holdings, Q1 2025: revenue $102M (+0.3% year over year), operating margin 29.2%, net earnings $24.2M, operating cash flow $39.6M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $102M | +0.8% | +0.3% |
| Operating profit | $29.9M | -14% | -23% |
| Net earnings | $24.2M | -14% | -23% |
| Operating cash flow | $39.6M | -15% | +32% |
| Free cash flow | $29.5M | — | +20% |
What changed
Revenue was $102.1M in Q1 2025, roughly flat year over year and up 1% from the previous quarter.
Operating profit was $29.9M, a 29.2% margin (down 9.0 points year over year). Operating profit fell $9.0M even though revenue rose $343K versus a year earlier, so costs grew faster than sales. Total costs grew 15% against flat revenue. Net earnings were $24.2M, down 23% year over year. The effective tax rate was 18.8%.
Operating cash flow was $39.6M (up 32% year over year), 164% of net earnings. Non-cash charges added back $6.3M of depreciation and amortization and $1.7M of share-based compensation. Working capital and other items added $7.4M. Capital expenditures of $10.2M left free cash flow of $29.5M.
Questions
What was National Bank Holdings' revenue in the first quarter 2025?
National Bank Holdings (NBHC) reported revenue of $102M for the first quarter 2025 (Q1 2025), +0.3% from a year earlier and +0.8% from the quarter before.
Was National Bank Holdings profitable in the first quarter 2025?
Operating profit was $29.9M (29.2% of revenue) and net earnings $24.2M.