Filing Flows › National Bank Holdings (NBHC) › Q2 2026
National Bank Holdings (NBHC) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 5, 2026
National Bank Holdings (NBHC) reported revenue of $129M for the second quarter 2026 (Q2 2026), +24% from a year earlier and +2% from the quarter before. Operating margin was 25.3%, net earnings $26.5M (20.5% of revenue).
National Bank Holdings, Q2 2026: revenue $129M (+24% year over year), operating margin 25.3%, net earnings $26.5M, operating cash flow $135M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $129M | +2% | +24% |
| Operating profit | $32.6M | +26% | -22% |
| Net earnings | $26.5M | +27% | -22% |
| Operating cash flow | $135M | — | +318% |
What changed
Revenue was $129.1M in Q2 2026, up 24% year over year and up 2% from the previous quarter.
Operating profit was $32.6M, a 25.3% margin (down 14.5 points year over year). Operating profit fell $8.9M even though revenue rose $24.6M versus Q2 2025, so costs grew faster than sales. Total costs grew 53% against revenue growth of 24%. Net earnings were $26.5M, down 22% year over year. The effective tax rate was 18.8%.
Operating cash flow was $135.1M (up 318% year over year), 510% of net earnings. Non-cash charges added back $11.1M of depreciation and amortization and $7.1M of share-based compensation. Working capital and other items added $90.4M.
Questions
What was National Bank Holdings' revenue in the second quarter 2026?
National Bank Holdings (NBHC) reported revenue of $129M for the second quarter 2026 (Q2 2026), +24% from a year earlier and +2% from the quarter before.
Was National Bank Holdings profitable in the second quarter 2026?
Operating profit was $32.6M (25.3% of revenue) and net earnings $26.5M.