National Bank Holdings Corporation (NBHC): Business Model Canvas [Jan-2025 Mise à jour]

Plongez dans le monde complexe de la National Bank Holdings Corporation (NBHC), où la banque innovante rencontre une précision stratégique. À une époque de complexité financière, NBHC se démarque en créant un modèle commercial dynamique qui mélange de manière transparente les principes bancaires traditionnels avec la technologie de pointe et les expériences client personnalisées. Des plateformes numériques robustes aux services axés sur la communauté, leur approche complète transforme le fonctionnement des services bancaires régionaux, offrant un plan convaincant pour la réussite financière qui va bien au-delà des stratégies bancaires conventionnelles.

National Bank Holdings Corporation (NBHC) - Modèle commercial: partenariats clés

Provideurs de services de technologie financière (FinTech)

National Bank Holdings Corporation s'associe à des fournisseurs de fintech spécifiques pour améliorer les capacités bancaires numériques:

Partenaire	Service	Année de mise en œuvre
Fiserv, Inc.	Plateforme bancaire de base	2022
Jack Henry & Associés	Solutions bancaires numériques	2023

Réseaux de banques régionales et communautaires

NBHC maintient des partenariats stratégiques avec les réseaux bancaires régionaux:

• Bankers communautaires indépendants d'Amérique (ICBA)
• Western Bankers Association
• Colorado Bankers Association

Sociétés de conseil en conformité réglementaire

Détails du partenariat de conformité:

Cabinet de conseil	Service spécialisé	Valeur du contrat annuel
Wipfli LLP	Gestion des risques réglementaires	$375,000
Groupe de conseil ABA	Stratégie de conformité	$285,000

Sociétés d'investissement et de gestion de la patrimoine

Métriques clés du partenariat d'investissement:

• Services financiers Raymond James
• LPL Financial Holdings
• Actifs gérés totaux grâce à des partenariats: 2,3 milliards de dollars

Partenaires de gestion des assurances et des risques

Détails de collaboration de gestion des risques:

Assureur	Type de couverture	Limite de couverture
Assurance voyageurs	Risque commercial	50 millions de dollars
Chubb Limited	Risque opérationnel	35 millions de dollars

National Bank Holdings Corporation (NBHC) - Modèle d'entreprise: Activités clés

Services bancaires commerciaux et personnels

National Bank Holdings Corporation fournit des services bancaires avec un actif total de 11,5 milliards de dollars au quatrième trimestre 2023. La banque exploite 89 emplacements bancaires à service complet à travers le Colorado, le Kansas, le Missouri et le Texas.

Catégorie de service	Volume total	Transaction moyenne
Prêts commerciaux	3,2 milliards de dollars	$487,000
Comptes de chèques personnels	127 500 comptes	Solde moyen de 6 200 $
Comptes d'épargne personnels	92 300 comptes	Solde moyen de 12 500 $

Gestion de la patrimoine et avis financier

NBHC gère environ 2,1 milliards de dollars d'actifs de gestion de patrimoine avec une équipe dédiée de 43 conseillers financiers.

• Valeur moyenne du portefeuille des clients: 1,4 million de dollars
• Produits d'investissement gérés: fonds communs de placement, ETF, planification de la retraite
• Revenus consultatifs annuels: 37,6 millions de dollars

Développement de la plate-forme bancaire numérique

Les investissements de la plate-forme bancaire numérique ont totalisé 12,4 millions de dollars en 2023, soutenant 215 000 utilisateurs de banque numérique actifs.

Service numérique	Engagement des utilisateurs	Volume de transaction
Banque mobile	178 500 utilisateurs	3,2 millions de transactions mensuelles
Banque en ligne	192 300 utilisateurs	2,7 millions de transactions mensuelles

Gestion du portefeuille de crédits et de prêts

Valeur du portefeuille de prêts totaux: 8,7 milliards de dollars avec des prêts diversifiés entre les secteurs.

• Prêts immobiliers commerciaux: 3,5 milliards de dollars
• Prêts à la consommation: 2,1 milliards de dollars
• Prêts agricoles: 1,2 milliard de dollars
• Prêts de construction et de développement: 1,9 milliard de dollars

Évaluation des risques et indemnité financière

NBHC maintient un cadre solide de gestion des risques avec une équipe de gestion des risques dédiée de 37 professionnels.

Métrique à risque	Performance de 2023
Ratio de prêts non performants	0.72%
Réserves de perte de prêt	124,6 millions de dollars
Ratio d'adéquation des capitaux	12.4%

National Bank Holdings Corporation (NBHC) - Modèle d'entreprise: Ressources clés

Forte infrastructure bancaire régionale

Depuis le quatrième trimestre 2023, NBHC exploite 89 sites bancaires à travers le Missouri, le Kansas, le Colorado et le Texas. Actif bancaire total: 16,2 milliards de dollars. La couverture du réseau s'étend sur 4 états avec une présence concentrée dans les zones métropolitaines.

État	Nombre de branches	Répartition des actifs
Missouri	42	45% du total des actifs
Kansas	22	25% du total des actifs
Colorado	15	18% du total des actifs
Texas	10	12% du total des actifs

Technologie des banques numériques avancées

Investissement infrastructure technologique: 47,3 millions de dollars en 2023. Les capacités de plate-forme numérique comprennent:

• Application bancaire mobile avec cryptage 256 bits
• Système de surveillance des transactions en temps réel
• Mécanismes de détection de fraude propulsés par l'IA
• Système bancaire de base basé sur le cloud

Équipe de gestion financière expérimentée

Time moyen de l'équipe de direction exécutive: 18,6 ans dans le secteur bancaire. Détails du personnel clés:

Position	Années d'expérience	Institution antérieure
PDG	27 ans	Wells Fargo
Directeur financier	22 ans	Banque d'Amérique
CTO	15 ans	JPMorgan Chase

Base de données client robuste

Base de clientèle totale: 276 000 en décembre 2023. Répartition de la segmentation:

• Clients bancaires personnels: 68%
• Clients bancaires d'entreprise: 27%
• Clients de gestion de la patrimoine: 5%

Capacités complètes de service financier

Distribution des revenus du portefeuille de services pour 2023:

Catégorie de service	Revenu	Pourcentage du total des revenus
Prêts commerciaux	287,5 millions de dollars	42%
Banque personnelle	196,3 millions de dollars	29%
Gestion de la richesse	93,7 millions de dollars	14%
Services d'investissement	102,9 millions de dollars	15%

National Bank Holdings Corporation (NBHC) - Modèle d'entreprise: propositions de valeur

Solutions bancaires personnalisées pour les entreprises et les particuliers

National Bank Holdings Corporation fournit des services bancaires sur mesure avec un portefeuille de prêts total de 5,97 milliards de dollars au quatrième trimestre 2023. La banque propose des solutions spécialisées commerciales et bancaires personnelles sur plusieurs segments.

Segment de clientèle	Solutions bancaires	Taille moyenne du prêt
Petites entreprises	Lignes de crédit commerciales	$375,000
Clients individuels	Vérification / économie personnelle	$42,500

Taux d'intérêt concurrentiels et produits financiers

NBHC propose des taux d'intérêt concurrentiels sur divers produits financiers:

• Compte d'épargne personnelle: 3,75% apy
• Vérification des entreprises: taux d'intérêt de 2,25%
• Prêts hypothécaires: à partir de 6,25% APR
• Certificat de dépôt: jusqu'à 4,50% APY

Expertise du marché local et approche axée sur la communauté

Opérant dans 7 États avec 89 emplacements bancaires, NBHC maintient une forte présence régionale avec 8,2 milliards de dollars d'actifs totaux en décembre 2023.

Banque numérique avancée et plate-forme mobile

Caractéristiques de la plate-forme bancaire numérique:

Service numérique	Taux d'adoption des utilisateurs
Application bancaire mobile	67% de la clientèle
Payage des factures en ligne	58% des utilisateurs actifs
Dépôt de chèques mobiles	53% des utilisateurs d'applications mobiles

Services complets de gestion de patrimoine

Performance du segment de gestion de la patrimoine:

• Actifs sous gestion: 1,3 milliard de dollars
• Valeur moyenne du portefeuille des clients: 625 000 $
• Revenus de gestion de la patrimoine: 42,5 millions de dollars en 2023

National Bank Holdings Corporation (NBHC) - Modèle d'entreprise: Relations clients

Modèle bancaire basé sur les relations

National Bank Holdings Corporation maintient un approche bancaire personnalisée ciblant les marchés communautaires et régionaux.

Segment de clientèle	Type de relation	Niveau de service
Clients commerciaux	Gestionnaires de relations dédiées	Support de tactile
Banque personnelle	Services financiers personnalisés	Consultation sur mesure

Représentants bancaires personnels dévoués

NBHC fournit aux représentants bancaires spécialisés un portefeuille de clients moyen de 150-200 clients par représentant.

• Temps de réponse moyen: 24 à 48 heures
• Conseils financiers personnalisés
• Avis sur le portefeuille trimestriel

Plateformes de service client en ligne et mobiles

Plate-forme numérique	Utilisateurs actifs	Volume de transaction
Application bancaire mobile	87 500 utilisateurs	1,2 million de transactions mensuelles
Portail bancaire en ligne	65 300 utilisateurs	850 000 transactions mensuelles

Engagement communautaire et soutien local

NBHC investit dans des relations communautaires locales grâce à des programmes de soutien ciblés.

• Investissement communautaire annuel: 1,3 million de dollars
• Événements de parrainage local: 42 par an
• Programmes de littératie financière communautaire: 18 ateliers

Consultation financière personnalisée

Services de consultation spécialisés sur plusieurs segments bancaires.

Type de consultation	Durée moyenne	Taux de satisfaction client
Consultation bancaire personnelle	45-60 minutes	Satisfaction à 92%
Stratégie de banque d'affaires	90-120 minutes	88% de satisfaction

National Bank Holdings Corporation (NBHC) - Modèle commercial: canaux

Réseau de succursale physique

Depuis 2024, National Bank Holdings Corporation exploite 76 établissements physiques principalement dans le Colorado, le Kansas et le Missouri.

État	Nombre de branches
Colorado	42
Kansas	19
Missouri	15

Plateformes bancaires numériques

Plateforme bancaire numérique de NBHC support 98.5% des transactions client via les canaux en ligne et mobiles.

Applications bancaires mobiles

L'application mobile de la banque a été téléchargée plus de 125 000 fois avec un 4.7 / 5 Évaluation de l'utilisateur.

• Disponible sur les plateformes iOS et Android
• Prend en charge le dépôt de chèque mobile
• Surveillance du compte en temps réel
• Sécuriser les capacités de transaction

Site Web de banque en ligne

Le site Web bancaire en ligne de NBHC traite approximativement 1,2 milliard de dollars dans les transactions mensuelles.

Fonctionnalité de site Web	Pourcentage d'utilisation
Gestion des comptes	92%
Rémunération	67%
Transferts de fonds	55%

Centres d'appels de service client

NBHC maintient deux centres d'appels de service à la clientèle centralisés gantant une moyenne de 22 500 interactions client par mois.

• Temps de résolution moyenne des appels: 7,2 minutes
• Taux de satisfaction client: 94%
• Disponibilité du support 24/7

National Bank Holdings Corporation (NBHC) - Modèle d'entreprise: segments de clientèle

Petites et moyennes entreprises

Au quatrième trimestre 2023, National Bank Holdings Corporation dessert environ 12 500 petites et moyennes entreprises de ses régions opérationnelles.

Segment d'entreprise	Nombre de clients	Taille moyenne du prêt
Commerces de détail	5,600	$375,000
Services professionnels	3,900	$425,000
Fabrication	2,000	$550,000

Clients bancaires de détail individuels

NBHC dessert 287 000 clients de banque de détail individuels dans plusieurs États.

• Comptes de chèques personnels: 186 000
• Comptes d'épargne personnels: 142 000
• Utilisateurs bancaires numériques: 215 000

Individus à haute nette

La banque maintient un segment spécialisé pour les clients à forte valeur avec des actifs dépassant 1 million de dollars.

Catégorie client	Nombre de clients	Valeur de portefeuille moyenne
Segment de netteur haute	4,250	3,2 millions de dollars

Entreprises communautaires locales

NBHC soutient 2 350 entreprises communautaires locales avec des solutions financières ciblées.

• Organisations à but non lucratif: 890
• Entités du gouvernement local: 450
• Institutions éducatives: 210
• Projets de développement communautaire: 800

Clients commerciaux régionaux

La banque dessert 1 750 clients commerciaux régionaux avec des services bancaires complets.

Secteur commercial	Nombre de clients	Ligne de crédit moyenne
Immobilier	650	2,1 millions de dollars
Soins de santé	350	1,8 million de dollars
Technologie	250	1,5 million de dollars
Agriculture	500	1,2 million de dollars

National Bank Holdings Corporation (NBHC) - Modèle d'entreprise: Structure des coûts

Maintenance des infrastructures technologiques

En 2023, NBHC a déclaré des frais de technologie et d'équipement de 23,4 millions de dollars. La répartition des coûts d'infrastructure technologique comprend:

Catégorie de technologie	Coût annuel
Maintenance des systèmes informatiques	8,7 millions de dollars
Infrastructure de cybersécurité	6,2 millions de dollars
Plateformes bancaires numériques	5,5 millions de dollars
Systèmes de réseau et de communication	3 millions de dollars

Compensation et formation des employés

Les dépenses totales liées aux employés pour NBHC en 2023 étaient de 132,6 millions de dollars, notamment:

• Salaires et salaires: 98,4 millions de dollars
• Avantages sociaux: 24,2 millions de dollars
• Formation et développement professionnel: 10 millions de dollars

Dépenses de fonctionnement de la succursale

Les coûts opérationnels du réseau de succursales de NBHC pour 2023 ont totalisé 45,3 millions de dollars, avec l'allocation suivante:

Catégorie de dépenses de succursale	Coût annuel
Loyer et installations	22,6 millions de dollars
Services publics	7,9 millions de dollars
Entretien et réparations	5,8 millions de dollars
Sécurité des succursales	9 millions de dollars

Coûts de conformité réglementaire

Les dépenses de conformité réglementaire du NBHC en 2023 s'élevaient à 18,7 millions de dollars, notamment:

• Frais juridiques et de conseil: 7,5 millions de dollars
• Logiciel et systèmes de conformité: 5,2 millions de dollars
• Dépenses d'audit et de rapport: 6 millions de dollars

Frais de marketing et d'acquisition des clients

Les coûts de marketing et d'acquisition des clients pour NBHC en 2023 étaient de 16,5 millions de dollars, distribués comme suit:

Catégorie marketing	Coût annuel
Marketing numérique	6,8 millions de dollars
Publicité traditionnelle	4,2 millions de dollars
Campagnes d'acquisition de clients	5,5 millions de dollars

National Bank Holdings Corporation (NBHC) - Modèle d'entreprise: Strots de revenus

Revenu des intérêts des prêts et des produits de crédit

Pour l'exercice 2023, National Bank Holdings Corporation a déclaré un revenu net d'intérêts de 258,7 millions de dollars. La répartition du portefeuille de prêts est la suivante:

Catégorie de prêt	Valeur totale du portefeuille
Immobilier commercial	2,1 milliards de dollars
Immobilier résidentiel	1,3 milliard de dollars
Prêts commerciaux et industriels	987 millions de dollars
Prêts à la consommation	456 millions de dollars

Frais de service bancaire

Les revenus des frais de service pour 2023 ont totalisé 43,2 millions de dollars, avec la composition suivante:

• Frais de maintenance du compte: 18,7 millions de dollars
• Frais de transaction: 15,5 millions de dollars
• Découverte et frais de NSF: 9 millions de dollars

Commissions de gestion de la patrimoine

Les revenus de gestion de patrimoine pour 2023 ont atteint 37,5 millions de dollars, avec des actifs sous gestion à 3,2 milliards de dollars.

Service de gestion de patrimoine	Revenus de commission
Gestion des investissements	22,3 millions de dollars
Planification financière	8,7 millions de dollars
Planification de la retraite	6,5 millions de dollars

Services de conseil en investissement

Les services de conseil en placement ont généré 25,6 millions de dollars de revenus pour 2023, avec des actifs consultatifs totalisant 2,8 milliards de dollars.

Frais de maintenance de transaction et de compte

Les frais de maintenance des transactions et des comptes pour 2023 ont totalisé 33,4 millions de dollars:

• Frais de transfert de fil: 7,2 millions de dollars
• Frais de transaction ATM: 6,8 millions de dollars
• Frais bancaires en ligne et mobiles: 12,4 millions de dollars
• Frais d'analyse du compte: 7 millions de dollars

National Bank Holdings Corporation (NBHC) - Canvas Business Model: Value Propositions

You're looking at the core reasons clients choose National Bank Holdings Corporation (NBHC) over the competition. It boils down to a mix of high-touch service and demonstrable financial strength in key growth areas.

High-quality, personalized client service across all banking segments.

NBHC emphasizes a relationship-driven approach, which you see reflected in their physical footprint. The company operates a network of over 85 banking centers across its core footprint, which includes Colorado, the greater Kansas City region, Utah, Wyoming, Texas, New Mexico, and Idaho. This physical presence supports the robust digital offerings they provide to consumer clients. Honestly, the fact that CEO Tim Laney highlighted commitment to quality service in their Q3 2025 commentary suggests this remains a primary differentiator.

Comprehensive commercial and treasury management services for small-to-medium businesses.

For small- to medium-sized businesses, National Bank Holdings Corporation, through NBH Bank, offers a full suite of commercial and treasury management services designed to help them grow. This focus on business banking has yielded long-term results; gross loans have grown at more than 13% annualized over the past decade. For your business clients, this means access to the tools needed to manage working capital effectively, a major focus for corporate clients in the current rate environment.

Full suite of wealth management and trust services via Bank of Jackson Hole Trust.

The trust and wealth management offering is anchored by the Wyoming-chartered Bank of Jackson Hole Trust. This specialized unit is actively managing assets, as evidenced by their Q3 2025 13F filing, which reported a managed portfolio value of $199.74 million. Furthermore, the trust income component is a growing part of the non-interest income picture, increasing by $0.7 million in the third quarter of 2025 alone. It's a clear value-add for clients needing estate planning alongside their commercial banking needs.

Regional expertise in dynamic, high-growth markets like Colorado and Texas.

NBHC isn't trying to be everywhere; they are focused on specific high-growth regions. Their banking centers are concentrated in areas like Colorado and Texas, which management specifically noted as dynamic Sunbelt states. This regional focus allows for deeper market understanding, which is crucial when underwriting commercial loans in those specific economies.

A strong, well-capitalized balance sheet providing financial stability.

Financial stability is a core value proposition, especially in the regional banking sector. You can see this strength reflected in their regulatory capital positions as of September 30, 2025, which were well in excess of the 'well capitalized' thresholds. Here's a quick look at the key ratios from that period:

Capital Metric (As of September 30, 2025)	Ratio	Amount
Common Equity Tier 1 Risk Based Capital (Consolidated)	14.69%	N/A
Tier 1 Leverage Ratio (Consolidated)	11.49%	N/A
Loan to Deposit Ratio	87.7%	N/A

This strong capital base supports operations and growth. For instance, the tangible book value per share grew by 12% annualized during Q3 2025, showing that the firm is effectively building shareholder equity. Shareholders have also seen a commitment to returns, with the company increasing its quarterly dividend to $0.31 per share, implying an annualized payout of $1.24.

The value proposition is built on this foundation:

• Delivering a Net Interest Margin that remains competitive, reported at 3.98% in the most recent quarter.
• Maintaining solid credit quality, with non-performing loans reduced by 20% in Q3 2025.
• Generating consistent profitability, with Q3 2025 Net Income at $35.3 million.

Finance: draft the 13-week cash view by Friday, focusing on the impact of the pending Vista acquisition mentioned in the Q3 commentary.

National Bank Holdings Corporation (NBHC) - Canvas Business Model: Customer Relationships

You're looking at how National Bank Holdings Corporation (NBHC) builds and maintains its connections with clients across its footprint of over 90 banking centers across Colorado, the greater Kansas City region, Utah, Wyoming, Texas, New Mexico, and Idaho. This is about more than just transactions; it's about dedicated service channels.

Dedicated relationship managers are central to the commercial and private banking approach. This high-touch model supports the growth in client activity, evidenced by commercial banking, specifically in the C&I (Commercial & Industrial) portfolio, expanding at an annualized rate of 8.7% in the second quarter of 2025. This focus on relationship-driven commercial franchise building is key.

For wealth and trust management, the service is high-touch advisory, delivered through its subsidiary, Bank of Jackson Hole Trust. This segment supports clients with trust and estate planning services, complementing the commercial and consumer offerings.

The commitment to community is formalized through engagement like the annual 'Do More' charitable events. Through these events, National Bank Holdings Corporation has raised over $1.8 million in charitable contributions for various non-profits. Furthermore, all associates receive paid time-off to volunteer their time and talents in the communities served.

Automation supports the relationship model via the '2Unify' digital and mobile banking channels. While management noted an expected increase in '2Unify' expense in the second half of 2025, the bank is optimistic about the unique growth opportunities from continued investments in 2UniFi and the Cambr® platform, which saw 47% year-over-year platform deposit growth in 2024. This digital push exists within a broader trend where 72% of global banking customers prefer using mobile apps for core services as of 2025, and over 83% of U.S. adults have used digital banking services.

Proactive communication on credit quality is a tangible measure of the bank's stewardship. For instance, as of the third quarter of 2025, non-performing loans fell 20% quarter-over-quarter to $27 million. The allowance for credit losses as a percentage of loans stood at 1.18% as of March 31, 2025, showing reserve adequacy against potential issues. The non-performing loan ratio was reported below peer averages at 45 basis points of total loans in the second quarter of 2025.

Here is a snapshot of how these relationship-focused metrics stack up:

Relationship Metric Focus Area	Latest Reported Value/Amount	Reporting Period/Context
Annual Charitable Fundraising (Do More Events)	$1.8 million	Cumulative through recent events
Commercial Portfolio Growth (Annualized)	8.7%	C&I Portfolio, Q2 2025
Non-Performing Loans (Absolute Amount)	$27 million	Q3 2025 End
Non-Performing Loan Ratio	45 basis points	Q2 2025
Allowance for Credit Losses / Loans	1.18%	As of March 31, 2025
Digital Platform Deposit Growth (YoY)	47%	Cambr® platform, 2024

The bank's commitment to personalized service is also reflected in its operational structure, which includes specialized services:

• Dedicated relationship managers for commercial and private banking clients.
• High-touch advisory services for wealth and trust management.
• Community-focused engagement via annual 'Do More' events.
• Automated self-service through '2Unify' digital channels.
• Proactive reporting on credit quality metrics.

Finance: draft 13-week cash view by Friday.

National Bank Holdings Corporation (NBHC) - Canvas Business Model: Channels

You're looking at how National Bank Holdings Corporation (NBHC) gets its value proposition to the customer, which is a mix of old-school presence and modern tech. Here's the breakdown on their Channels as of late 2025, grounded in their Q3 2025 disclosures.

Physical branch network of over 90 banking centers in key regions.

National Bank Holdings Corporation operates a network of over 90 banking centers as of October 2025. This physical footprint is key for community banking and serving clients who still want face-to-face service. These centers are strategically located across their core footprint.

• Colorado (e.g., Community Banks of Colorado)
• Greater Kansas City region (e.g., Bank Midwest)
• Utah, Texas, New Mexico (e.g., Hillcrest Bank)
• Wyoming (e.g., Bank of Jackson Hole)
• Idaho (e.g., Hillcrest Bank)

Robust digital banking platforms for consumer and business clients.

The digital side is clearly important, given how deposits are structured. At September 30, 2025, average transaction deposits-which heavily rely on digital access-totaled $7.1 billion. This represented 86.3% of total average deposits for the quarter.

'2Unify' mobile application for on-the-go account access and transactions.

The '2Unify' platform is a significant area of investment for National Bank Holdings Corporation. For the fourth quarter of 2025, the company projected non-interest expense related to '2Unify' to be in the range of $7 million to $9 million, excluding acquisition costs. This spend signals a commitment to the mobile channel.

Residential mortgage banking group for specialized loan origination.

The residential mortgage banking group is a specialized channel that primarily serves the bank's core footprint. This group contributes to the overall non-interest income stream. For the third quarter of 2025, mortgage banking income specifically increased by $0.3 million. Non-interest income overall for Q3 2025 reached $20.7 million.

Direct sales force for commercial and treasury management services.

The direct sales force targets small- to medium-sized businesses for commercial and treasury management services. The commercial portfolio shows activity, with the commercial and industrial (C&I) portfolio showing an annualized growth rate of 8.7%.

Here's a quick look at the financial metrics tied to these channels from the Q3 2025 results:

Channel/Metric Category	Financial/Statistical Data Point	Period/Date
Physical Network Size	Over 90 banking centers	October 2025
Digital Channel Deposit Mix	86.3% of total deposits	September 30, 2025
Digital Channel Deposit Value	Average transaction deposits of $7.1 billion	Q3 2025
Mobile App Investment (Expense)	Projected $7 million to $9 million	Q4 2025
Mortgage Banking Contribution (Non-Interest Income)	Increase of $0.3 million	Q3 2025
Commercial Portfolio Growth (Sales Force Activity)	C&I portfolio annualized growth of 8.7%	Q3 2025

The company also reported that its Common Equity Tier 1 capital ratio stood strong at 14.7% at the end of Q3 2025, which supports the capital-intensive nature of maintaining a physical network and investing in digital platforms.

National Bank Holdings Corporation (NBHC) - Canvas Business Model: Customer Segments

Small-to-medium-sized businesses (SMBs) requiring commercial lending and treasury services.

National Bank Holdings Corporation serves small, medium, and large businesses through its NBH Bank subsidiary, operating under brands like Community Banks of Colorado, Bank Midwest, and Hillcrest Bank. Commercial lending is a primary focus for this segment. As of December 31, 2024, Commercial loans accounted for 60.2% of the total loan portfolio carrying value. Commercial real estate non-owner occupied loans were valued at $1,812,338 (carrying value at December 31, 2024). The company is also focused on digital tools for SMBs through the UniFi platform for borrowing, depository, and cash management needs.

Affluent consumers and high-net-worth individuals utilizing wealth and trust services.

This segment is served by Bank of Jackson Hole Trust. Trust income showed growth, increasing by $0.7 million during the third quarter of 2025.

Mass-market consumers seeking standard deposit and residential mortgage products.

Individual consumers utilize standard deposit products. At September 30, 2025, average total deposits were $8.2 billion, with average transaction deposits at $7.1 billion. The mix of transaction deposits to total deposits was 86.3% as of September 30, 2025. The company also operates a comprehensive residential mortgage banking group.

Clients in Sunbelt states like Colorado, Texas, and Wyoming.

National Bank Holdings Corporation operates a network of over 85 banking centers across its core footprint. This footprint includes Colorado, Texas, and Wyoming, alongside the greater Kansas City region, Utah, New Mexico, and Idaho. The company is actively deepening its presence in Texas, having announced the acquisition of Vista Bancshares for $369.1M based on the September 12, 2025, closing price. Post-completion (expected Q1 2026), the combined entity is projected to have pro forma assets of about $12.4B and pro forma deposits of approximately $10.4B.

Here's a quick look at the balance sheet metrics relevant to these customer bases as of late 2025 reports:

Metric	Value as of Date
Total Loans	$7.5 billion (June 30, 2025)
Loan to Deposit Ratio	87.7% (September 30, 2025)
Transaction Deposits to Total Deposits Mix	86.3% (September 30, 2025)
Total Banking Centers	Over 85

The customer base is served through several distinct operating brands:

• Community Banks of Colorado (Colorado)
• Bank Midwest (Kansas and Missouri)
• Hillcrest Bank (Texas, Utah, New Mexico, Idaho)
• Bank of Jackson Hole (Wyoming)

The company maintains a commitment to stakeholder results across its diverse client base, which includes individual consumers, SMBs, and government/non-profit entities.

National Bank Holdings Corporation (NBHC) - Canvas Business Model: Cost Structure

You're looking at the hard numbers driving National Bank Holdings Corporation's expenses as of late 2025. This is where the rubber meets the road on their efficiency drive.

Interest Expense on Deposits

The cost of funding remains a key variable, though National Bank Holdings Corporation has seen some favorable movement in its cost of funds.

• For the third quarter of 2025, the fully taxable equivalent net interest margin (NIM) stood at 3.95%.
• This NIM was supported by a 22 basis point improvement in the cost of funds during Q3 2025.
• As of June 30, 2025, non-interest bearing deposits represented 26.22% of total deposits.
• In the second quarter of 2025, the cost of funds totaled 2.07%.

Personnel Expenses

National Bank Holdings Corporation has been aggressive on the compensation front, realizing significant savings.

The core bank annualized personnel expense run rate saw a 10% reduction. This reduction was part of a targeted $15 million annual expense reduction announced in Q2 2025.

Here's a look at the expense environment around the personnel cost control efforts:

Metric	Q2 2025 (Reported)	Q3 2025 (Reported)
Non-interest Expense (Total)	$62.9 million	$67.2 million
Non-recurring Restructuring Charges (Included in Non-interest Expense)	$0.3 million	N/A

Non-Interest Expense Projection

Looking ahead, management provided a clear range for the remainder of the year.

Non-interest expense is projected to be between $126 million and $128 million for the second half of 2025.

Technology and Infrastructure Investment

Investment in the '2Unify' platform is a clear cost driver, especially as it rolls out.

National Bank Holdings Corporation made a $5 million strategic investment in Nav to help power the 2Unify financial ecosystem.

The Q3 2025 non-interest expense included an increase in depreciation expense specifically as a result of the recent launch of 2UniFi.

Acquisition-Related Expenses

The pending strategic acquisition of Vista Bancshares, Inc. has started to impact current period costs.

For the third quarter of 2025, non-interest expense totaled $67.2 million, which included $1.7 million of acquisition-related expenses tied to the Vista Bancshares transaction.

The aggregate value of the Vista Bancshares acquisition was $369.1 million, based on the September 12, 2025 closing price.

The terms of the deal involved approximately $84.8 million in cash consideration for Vista shareholders.

The combined company is projected to have approximately $12.4 billion in pro forma assets and $10.4 billion in pro forma deposits upon completion.

Finance: draft 13-week cash view by Friday.

National Bank Holdings Corporation (NBHC) - Canvas Business Model: Revenue Streams

You're looking at how National Bank Holdings Corporation actually brings in the money, which is the heart of any business model. For a bank like National Bank Holdings Corporation, it really boils down to the spread between what they earn on loans and what they pay out on deposits, plus all the fees they collect along the way.

The biggest piece, as you'd expect, is the Net Interest Income (NII) from their lending and securities portfolio. For the third quarter of 2025, National Bank Holdings Corporation reported NII at \$90.2 million. That number was helped along a bit because Q3 2025 had one extra day compared to the prior period, which nudged that figure up. Honestly, managing that net interest margin is always the primary driver of profitability for National Bank Holdings Corporation.

Next up is non-interest income, which comes from all the services National Bank Holdings Corporation offers beyond simple lending. This stream includes service charges, various fees, and income generated by their trust operations through Bank of Jackson Hole Trust. In Q3 2025, the total non-interest income hit \$18.389 million. This total is made up of a few key parts:

• Bank card fees were \$4.832 million.
• Other non-interest income was \$5.664 million.
• Gains on partnership investments specifically added \$3.5 million in Q3 2025.

It's important to see how these streams break down, so here's a quick look at the major revenue components for that quarter:

Revenue Component	Q3 2025 Amount (in millions)
Net Interest Income (NII)	\$90.2
Total Non-Interest Income	\$18.389
Gains on Partnership Investments (Component of Non-Interest Income)	\$3.5

Mortgage banking income is another distinct part of the non-interest revenue, coming from their residential loan originations and sales activities across their various mortgage divisions like Community Banks Mortgage and Bank Midwest Mortgage. For the third quarter of 2025, mortgage banking income was reported at \$2.895 million. That's a solid number, showing continued activity in their residential lending footprint across Colorado, Kansas, Missouri, Utah, Texas, New Mexico, and Idaho.

When you put all the pieces together, the total revenue for National Bank Holdings Corporation in the third quarter of 2025 was \$108.89 million. That figure beat what analysts were expecting, which definitely adds to the positive sentiment around their operational execution this year. That total revenue figure is what you want to watch as a top-line indicator of the bank's overall business activity.