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Parent Company Only Financial Statements

12 Months Ended

Dec. 31, 2024

Parent Company Only Financial Statements

Parent Company Only Financial Statements

Note 25 Parent Company Only Financial Statements

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Parent company only financial information for National Bank Holdings Corporation is summarized as follows:

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Condensed Statements of Financial Condition

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​	​	​	​	​	​	​
​	​	December 31, 2024		​	December 31, 2023
ASSETS	​	​	​	​	​	​
Cash and cash equivalents	​	$	105,278	​	$	77,853
Non-marketable securities	​	​	29,830	​	​	33,144
Investment in subsidiaries	​	​	1,203,495	​	​	1,139,290
Other assets	​	​	31,007	​	​	30,528
Total assets	​	$	1,369,610	​	$	1,280,815
LIABILITIES AND STOCKHOLDERS' EQUITY	​	​	​	​	​	​
Long-term debt, net	​	$	54,511	​	$	54,200
Other liabilities	​	​	10,024	​	​	13,808
Total liabilities	​	​	64,535	​	​	68,008
Shareholders' equity	​	​	1,305,075	​	​	1,212,807
Total liabilities and shareholders' equity	​	$	1,369,610	​	$	1,280,815

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Condensed Statements of Operations

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​	​	​	​	​	​	​	​	​	​
​	​	For the years ended December 31,
​	​	2024		​	2023		​	2022
Income	​	​	​	​	​	​	​	​	​
Equity in undistributed earnings of subsidiaries	​	$	55,848	​	$	92,990	​	$	30,260
Distributions from subsidiaries	​	​	75,000	​	​	62,000	​	​	52,000
Loss from non-marketable securities	​	​	(3,088)	​	​	(4,431)	​	​	(262)
Total income	​	$	127,760	​	$	150,559	​	$	81,998
Expenses	​	​	​	​	​	​	​	​	​
Interest expense	​	$	2,073	​	$	2,073	​	$	1,519
Salaries and benefits	​	​	8,126	​	​	7,318	​	​	6,138
Other expenses	​	​	3,021	​	​	3,382	​	​	6,433
Total expenses	​	​	13,220	​	​	12,773	​	​	14,090
Income before income taxes	​	​	114,540	​	​	137,786	​	​	67,908
Income tax benefit	​	​	(4,275)	​	​	(4,262)	​	​	(3,366)
Net income	​	$	118,815	​	$	142,048	​	$	71,274

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Condensed Statements of Cash Flows

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​	​	​	​	​	​	​	​	​	​
​	​	For the years ended December 31,
​	​	2024		​	2023		​	2022
Cash flows from operating activities:	​	​	​	​	​	​	​	​	​
Net income	​	$	118,815	​	$	142,048	​	$	71,274
Adjustments to reconcile net income to net cash provided by operating activities:	​	​	​	​	​	​	​	​	​
Equity in undistributed earnings of subsidiaries	​	​	(55,848)	​	​	(92,990)	​	​	(30,260)
Stock-based compensation expense	​	​	8,048	​	​	7,222	​	​	6,059
Amortization	​	​	311	​	​	310	​	​	158
Other	​	​	(2,599)	​	​	15,833	​	​	(221)
Net cash provided by operating activities	​	​	68,727	​	​	72,423	​	​	47,010
Cash flows from investing activities:	​	​	​	​	​	​	​	​	​
Cash paid for acquisitions	​	​	—	​	​	—	​	​	(67,128)
Investment in subsidiary	​	​	(2,000)	​	​	—	​	​	—
Sales (purchases) of non-marketable securities, net	​	​	103	​	​	(1,773)	​	​	(11,471)
Net cash used in investing activities	​	​	(1,897)	​	​	(1,773)	​	​	(78,599)
Cash flows from financing activities:	​	​	​	​	​	​	​	​	​
Issuance of stock under purchase and equity compensation plans	​	​	(1,515)	​	​	(1,534)	​	​	(1,481)
Proceeds from exercise of stock options	​	​	3,555	​	​	617	​	​	1,102
Payment of dividends	​	​	(42,945)	​	​	(39,644)	​	​	(30,447)
Net cash used in financing activities	​	​	(40,905)	​	​	(40,561)	​	​	(30,826)
Net increase (decrease) in cash, cash equivalents and restricted cash	​	​	25,925	​	​	30,089	​	​	(62,415)
Cash, cash equivalents and restricted cash at beginning of the year	​	​	79,353	​	​	49,264	​	​	111,679
Cash, cash equivalents and restricted cash at end of the year	​	$	105,278	​	$	79,353	​	$	49,264

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X

- References

No definition available.

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- Definition

The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-04(a))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3

Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef
-Topic 810
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481231/810-10-45-11

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