National Bank (NBHC) Financials

$35.10 +0.53 (+1.52%)

Closing price 03:59 PM Eastern

Extended Trading

$35.08 -0.01 (-0.03%)

As of 04:14 PM Eastern

Annual Income Statements for National Bank

This table shows National Bank's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	9.18	4.88	23	15	61	80	89	94	71	142	119
Consolidated Net Income / (Loss)	9.18	4.88	23	15	61	80	89	94	71	142	119
Net Income / (Loss) Continuing Operations	9.18	4.88	23	15	61	80	89	94	71	142	119
Total Pre-Tax Income	12	7.93	26	36	74	96	109	115	86	176	145
Total Revenue	169	178	186	186	268	289	333	298	334	426	407
Net Interest Income / (Expense)	170	157	146	146	197	206	193	187	267	362	345
Total Interest Income	185	171	160	164	221	243	218	201	285	495	538
Loans and Leases Interest Income	134	131	129	137	193	219	200	182	256	461	505
Investment Securities Interest Income	50	39	30	26	27	23	18	18	25	30	31
Deposits and Money Market Investments Interest Income	0.33	0.80	0.72	1.49	1.43	0.70	0.31	0.99	3.78	4.46	2.47
Total Interest Expense	14	14	15	18	24	37	25	14	18	133	193
Deposits Interest Expense	14	14	14	16	21	30	24	14	15	109	186
Long-Term Debt Interest Expense	0.29	0.85	0.85	1.94	2.91	6.97	1.43	0.22	3.26	24	6.69
Total Non-Interest Income	-1.70	21	40	39	71	83	140	110	67	64	61
Other Service Charges	30	30	33	35	5.38	38	35	45	41	47	54
Net Realized & Unrealized Capital Gains on Investments	-36	-13	2.88	2.15	30	42	102	63	24	14	4.65
Other Non-Interest Income	4.25	3.99	4.11	2.31	35	2.03	2.75	2.21	2.27	3.27	3.01
Provision for Credit Losses	6.21	12	24	13	5.20	12	18	-9.29	37	8.30	6.76
Total Non-Interest Expense	150	158	136	137	189	181	206	192	211	242	255
Salaries and Employee Benefits	83	83	80	80	115	123	141	128	125	138	146
Net Occupancy & Equipment Expense	37	36	29	28	39	36	37	35	44	51	57
Marketing Expense	4.57	4.33	2.56	2.68	4.51	3.90	2.80	2.51	3.82	4.00	3.99
Property & Liability Insurance Claims	4.13	3.92	3.24	2.76	2.48	1.05	1.17	1.85	2.12	7.01	5.39
Other Operating Expenses	19	24	20	22	27	22	21	24	34	35	34
Amortization Expense	-	-	5.48	5.34	2.17	1.18	1.18	1.18	2.34	7.39	7.94
Income Tax Expense	3.17	3.04	2.95	21	12	16	21	21	15	34	26
Basic Earnings per Share	$0.22	$0.14	$0.81	$0.54	$2.00	$2.57	$2.87	$3.04	$2.20	$3.74	$3.10
Weighted Average Basic Shares Outstanding	42.40M	34.35M	28.31M	26.93M	30.75M	31.18M	30.86M	30.73M	32.36M	37.94M	38.21M
Diluted Earnings per Share	$0.22	$0.14	$0.79	$0.53	$1.95	$2.55	$2.85	$3.01	$2.18	$3.72	$3.08
Weighted Average Diluted Shares Outstanding	42.42M	34.36M	29.09M	27.71M	31.43M	31.53M	31.08M	31.07M	32.68M	38.11M	38.42M
Weighted Average Basic & Diluted Shares Outstanding	41.70M	34.90M	28.50M	27M	30.86M	31.18M	30.64M	29.96M	37.61M	37.79M	38.06M
Cash Dividends to Common per Share	$0.20	$0.20	$0.20	$0.34	$0.54	$0.75	$0.80	$0.87	$0.94	$1.04	$1.12

This table shows National Bank's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	16	17	40	33	36	33	31	26	33	28
Consolidated Net Income / (Loss)	16	17	40	33	36	33	31	26	33	28
Net Income / (Loss) Continuing Operations	16	17	40	33	36	33	31	26	33	28
Total Pre-Tax Income	20	20	50	41	45	39	39	32	40	35
Total Revenue	86	109	110	104	107	106	102	98	106	101
Net Interest Income / (Expense)	69	95	95	90	88	90	84	84	88	90
Total Interest Income	72	104	114	121	126	135	132	132	138	136
Loans and Leases Interest Income	64	96	105	112	118	127	124	124	130	128
Investment Securities Interest Income	6.67	7.41	7.76	7.60	7.17	7.05	7.23	7.90	7.88	7.52
Deposits and Money Market Investments Interest Income	1.82	0.59	0.65	1.51	1.21	1.09	0.76	0.69	0.56	0.47
Total Interest Expense	3.28	8.89	19	31	38	45	48	49	50	46
Deposits Interest Expense	2.95	6.64	11	25	33	40	44	48	49	45
Long-Term Debt Interest Expense	0.33	2.26	7.60	6.14	4.91	5.44	3.70	0.66	0.98	1.34
Total Non-Interest Income	17	14	15	14	19	16	18	14	18	11
Other Service Charges	12	11	11	9.08	14	13	14	10.00	15	15
Net Realized & Unrealized Capital Gains on Investments	4.47	2.69	3.22	3.71	4.69	2.02	2.66	3.30	2.98	-4.29
Other Non-Interest Income	0.57	0.63	0.65	1.03	0.88	0.71	0.73	0.74	0.76	0.78
Provision for Credit Losses	13	22	0.90	1.70	1.13	4.57	0.00	2.78	2.00	1.98
Total Non-Interest Expense	54	68	58	61	61	62	63	63	64	65
Salaries and Employee Benefits	31	36	33	35	35	34	37	37	37	35
Net Occupancy & Equipment Expense	11	15	13	12	13	13	14	14	14	15
Marketing Expense	0.98	1.50	0.87	1.09	1.04	1.01	0.96	0.78	1.09	1.15
Other Operating Expenses	11	11	10	11	9.82	4.57	9.34	9.15	9.67	5.47
Amortization Expense	0.38	1.36	1.36	2.01	2.01	2.01	2.01	1.98	1.98	1.98
Income Tax Expense	3.99	2.95	10	8.37	9.33	5.78	7.50	5.62	6.78	6.54
Basic Earnings per Share	$0.51	$0.41	$1.06	$0.86	$0.95	$0.87	$0.82	$0.68	$0.86	$0.74
Weighted Average Basic Shares Outstanding	31.26M	32.36M	37.79M	37.96M	37.99M	37.94M	38.03M	38.21M	38.28M	38.21M
Diluted Earnings per Share	$0.50	$0.41	$1.06	$0.85	$0.94	$0.87	$0.82	$0.68	$0.86	$0.72
Weighted Average Diluted Shares Outstanding	31.53M	32.68M	38.07M	38.11M	38.13M	38.11M	38.19M	38.37M	38.50M	38.42M
Weighted Average Basic & Diluted Shares Outstanding	37.59M	37.61M	37.71M	37.72M	75.52M	37.79M	37.83M	37.92M	38.01M	38.06M

This table details how cash moves in and out of National Bank's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	68	-91	-13	105	-138	0.63	495	235	-652	-6.19	-64
Net Cash From Operating Activities	-2.76	-38	-3.94	58	74	44	-6.21	180	215	167	155
Net Cash From Continuing Operating Activities	-2.76	-38	-3.94	58	74	44	-6.21	180	215	167	155
Net Income / (Loss) Continuing Operations	9.18	4.88	23	15	61	80	89	94	71	142	119
Consolidated Net Income / (Loss)	9.18	4.88	23	15	61	80	89	94	71	142	119
Provision For Loan Losses	6.21	12	24	13	0.37	11	18	-9.29	37	8.30	6.76
Depreciation Expense	16	16	14	13	12	15	14	14	16	24	24
Amortization Expense	-64	4.12	3.07	2.58	2.91	2.05	3.37	4.34	1.11	-0.83	-1.35
Non-Cash Adjustments to Reconcile Net Income	20	-50	-54	-0.19	-27	-84	-132	116	99	6.74	9.31
Changes in Operating Assets and Liabilities, net	9.94	-24	-14	15	24	19	1.33	-39	-10	-13	-2.45
Net Cash From Investing Activities	197	182	115	-179	-102	-115	-153	-474	-752	-404	65
Net Cash From Continuing Investing Activities	197	182	115	-179	-102	-115	-153	-474	-752	-404	65
Purchase of Investment Securities	-299	-346	-291	-530	-523	-419	-530	-876	-1,399	-623	-349
Divestitures	-	-	-	-	69	-	0.00	0.00	234	-45	0.00
Sale and/or Maturity of Investments	499	510	406	351	352	304	377	402	412	264	414
Net Cash From Financing Activities	-127	-236	-124	225	-109	71	654	529	-114	231	-284
Net Cash From Continuing Financing Activities	-127	-236	-124	225	-109	71	654	529	-114	231	-284
Net Change in Deposits	-72	-56	28	114	-174	202	939	553	-466	317	47
Issuance of Debt	40	-	219	263	889	1,477	947	40	385	-45	-290
Payment of Dividends	-8.51	-6.71	-6.40	-9.40	-17	-24	-25	-27	-30	-40	-43
Other Financing Activities, Net	33	2.18	-51	30	-58	-13	-33	0.09	-2.93	-1.50	1.31
Cash Interest Paid	14	14	14	17	23	34	28	17	19	124	190
Cash Income Taxes Paid	-8.12	-7.42	2.19	-0.13	-2.35	9.27	22	15	11	33	21

This table details how cash moves in and out of National Bank's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	-192	-61	173	-46	-33	-100	101	-148	36	-53
Net Cash From Operating Activities	54	34	-19	93	48	45	30	32	47	46
Net Cash From Continuing Operating Activities	54	34	-19	93	48	45	30	32	47	46
Net Income / (Loss) Continuing Operations	16	17	40	33	36	33	31	26	33	28
Consolidated Net Income / (Loss)	16	17	40	33	36	33	31	26	33	28
Provision For Loan Losses	10	24	0.90	1.70	1.13	4.57	0.00	2.78	2.00	1.98
Depreciation Expense	3.83	5.74	5.12	6.26	6.14	6.34	6.02	6.00	5.86	6.31
Amortization Expense	0.06	-0.08	-0.12	-0.35	-0.15	-0.21	-0.20	-0.65	-0.35	-0.15
Non-Cash Adjustments to Reconcile Net Income	15	5.67	-1.03	-6.97	11	3.33	2.37	-5.35	12	0.08
Changes in Operating Assets and Liabilities, net	9.22	-19	-64	60	-6.49	-2.53	-9.62	3.00	-5.86	10
Net Cash From Investing Activities	-110	-163	-124	-52	-30	-199	94	-62	-88	120
Net Cash From Continuing Investing Activities	-110	-163	-124	-52	-30	-199	94	-62	-88	120
Purchase of Investment Securities	-417	-352	-168	-119	-90	-247	6.46	-181	-112	-63
Sale and/or Maturity of Investments	62	199	44	112	60	48	87	119	24	184
Net Cash From Financing Activities	-136	69	315	-87	-51	54	-23	-118	77	-220
Net Cash From Continuing Financing Activities	-136	69	315	-87	-51	54	-23	-118	77	-220
Net Change in Deposits	-125	-307	-291	539	28	41	327	-141	120	-259
Payment of Dividends	-6.96	-9.44	-9.53	-9.97	-9.88	-10	-10	-11	-11	-11
Other Financing Activities, Net	-3.78	0.36	1.28	-1.59	-0.58	-0.62	-0.05	-1.46	2.20	0.62
Cash Interest Paid	3.31	9.01	15	29	33	48	45	50	46	49
Cash Income Taxes Paid	2.19	5.74	0.04	17	8.27	8.02	0.08	13	3.59	4.43

This table presents National Bank's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	4,820	4,684	4,573	4,843	5,677	5,896	6,660	7,214	9,573	9,951	9,808
Cash and Due from Banks	247	156	153	193	109	110	605	845	196	191	128
Trading Account Securities	2,015	1,598	1,241	1,119	1,027	821	1,061	1,352	1,447	1,304	1,137
Loans and Leases, Net of Allowance	0.00	0.00	0.00	0.00	-36	4,376	4,294	4,464	7,131	7,601	7,657
Loans and Leases	-	-	-	-	-	4,415	4,354	4,513	7,220	7,699	7,751
Allowance for Loan and Lease Losses	-	-	-	-	36	39	60	50	90	98	94
Loans Held for Sale	-	-	-	-	48	117	248	139	23	19	24
Premises and Equipment, Net	106	103	96	94	110	112	107	97	136	163	197
Goodwill	60	60	60	60	115	115	115	115	279	306	306
Intangible Assets	17	12	6.95	1.61	13	11	18	12	60	66	58
Other Assets	2,365	2,745	3,017	3,312	4,290	232	212	4,653	302	301	300
Total Liabilities & Shareholders' Equity	4,820	4,684	4,573	4,843	5,677	5,896	6,660	7,214	9,573	9,951	9,808
Total Liabilities	4,025	4,066	4,037	4,311	4,982	5,129	5,839	6,374	8,481	8,738	8,503
Non-Interest Bearing Deposits	733	815	847	902	1,072	1,185	2,111	2,506	3,135	2,361	2,214
Interest Bearing Deposits	3,034	3,026	3,022	3,077	3,464	3,552	3,565	3,722	4,738	5,829	6,024
Short-Term Debt	134	137	92	130	66	57	23	23	20	20	19
Long-Term Debt	40	40	39	129	302	208	0.00	39	439	394	105
Other Long-Term Liabilities	85	49	38	72	78	127	140	83	149	134	141
Total Equity & Noncontrolling Interests	795	618	536	532	695	767	821	840	1,092	1,213	1,305
Total Preferred & Common Equity	795	618	536	532	695	767	821	840	1,092	1,213	1,305
Total Common Equity	795	618	536	532	695	767	821	840	1,092	1,213	1,305
Common Stock	994	998	985	971	1,015	1,010	1,012	1,015	1,160	1,163	1,168
Retained Earnings	41	39	55	61	107	164	223	290	331	433	509
Treasury Stock	-246	-420	-502	-493	-416	-409	-424	-458	-310	-307	-302
Accumulated Other Comprehensive Income / (Loss)	5.84	0.10	-1.76	-6.24	-11	2.06	9.77	-6.96	-88	-76	-70

This table presents National Bank's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	7,923	9,917	9,872	9,866	9,967	9,971	9,993
Cash and Due from Banks	255	369	324	291	293	145	181
Trading Account Securities	1,401	1,454	1,368	1,309	1,330	1,319	1,319
Loans and Leases, Net of Allowance	5,656	7,255	7,322	7,385	7,471	7,626	7,619
Loans and Leases	5,722	7,345	7,414	7,478	7,569	7,722	7,714
Allowance for Loan and Lease Losses	66	90	93	93	98	96	95
Loans Held for Sale	33	25	25	19	14	19	17
Premises and Equipment, Net	106	140	148	154	169	177	192
Goodwill	168	279	306	306	306	306	306
Intangible Assets	31	59	75	68	64	62	60
Other Assets	272	7,591	305	334	320	317	298
Total Liabilities & Shareholders' Equity	7,923	9,917	9,872	9,866	9,967	9,971	9,993
Total Liabilities	7,003	8,783	8,725	8,703	8,736	8,723	8,701
Non-Interest Bearing Deposits	2,736	2,921	2,629	2,483	2,293	2,229	2,269
Interest Bearing Deposits	4,068	4,661	5,492	5,666	6,225	6,147	6,228
Short-Term Debt	20	21	21	20	20	19	20
Long-Term Debt	40	1,054	439	371	54	89	54
Other Long-Term Liabilities	140	126	143	163	144	237	130
Total Equity & Noncontrolling Interests	919	1,134	1,147	1,164	1,232	1,248	1,292
Total Preferred & Common Equity	919	1,134	1,147	1,164	1,232	1,248	1,292
Total Common Equity	919	1,134	1,147	1,164	1,232	1,248	1,292
Common Stock	1,080	1,161	1,159	1,161	1,164	1,162	1,165
Retained Earnings	323	361	384	410	454	470	492
Treasury Stock	-395	-310	-307	-307	-306	-304	-302
Accumulated Other Comprehensive Income / (Loss)	-89	-79	-89	-101	-80	-80	-62

This table displays calculated financial ratios and metrics derived from National Bank's official financial filings.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-15.36%	5.84%	4.08%	-0.08%	44.58%	7.59%	15.46%	-10.71%	12.32%	27.45%	-4.52%
EBITDA Growth	-201.76%	177.37%	57.08%	18.61%	71.66%	28.56%	12.31%	4.46%	-21.93%	91.46%	-15.37%
EBIT Growth	13.46%	-35.78%	228.16%	37.89%	105.46%	30.55%	13.73%	5.10%	-25.04%	103.75%	-17.29%
NOPAT Growth	32.47%	-46.81%	372.44%	-36.78%	321.50%	30.78%	10.24%	5.66%	-23.86%	99.30%	-16.36%
Net Income Growth	32.47%	-46.81%	372.44%	-36.78%	321.50%	30.78%	10.24%	5.66%	-23.86%	99.30%	-16.36%
EPS Growth	57.14%	-36.36%	464.29%	-32.91%	267.92%	30.77%	11.76%	5.61%	-27.57%	70.64%	-17.20%
Operating Cash Flow Growth	89.23%	-1,265.81%	89.54%	1,577.11%	26.55%	-39.87%	-114.04%	2,989.60%	19.57%	-22.22%	-6.99%
Free Cash Flow Firm Growth	-75.05%	366.14%	-16.03%	-173.57%	-89.32%	153.30%	147.90%	-87.40%	-1,758.00%	111.55%	375.07%
Invested Capital Growth	-2.93%	-17.98%	-16.02%	18.76%	34.18%	-2.93%	-18.22%	6.97%	71.92%	4.86%	-12.18%
Revenue Q/Q Growth	-4.79%	11.14%	-4.90%	-3.65%	11.28%	1.66%	6.01%	-1.32%	7.61%	-0.85%	-1.05%
EBITDA Q/Q Growth	-211.52%	160.16%	3.96%	-14.93%	27.00%	3.68%	15.73%	-2.62%	-13.55%	11.01%	-2.41%
EBIT Q/Q Growth	20.61%	141.40%	10.06%	-19.37%	35.14%	2.96%	19.36%	-2.15%	-18.01%	12.30%	-2.79%
NOPAT Q/Q Growth	16.20%	27.77%	40.53%	-57.97%	80.22%	2.93%	9.45%	4.53%	-16.91%	13.05%	-3.99%
Net Income Q/Q Growth	16.20%	27.77%	40.53%	-57.97%	80.22%	2.93%	9.45%	4.53%	-16.91%	13.05%	-3.99%
EPS Q/Q Growth	22.22%	40.00%	41.07%	-56.56%	85.71%	3.24%	10.04%	4.15%	-21.30%	14.11%	-4.64%
Operating Cash Flow Q/Q Growth	-110.26%	-17.16%	-182.29%	664.99%	73.17%	538.05%	-113.78%	-9.53%	-0.51%	7.11%	1.18%
Free Cash Flow Firm Q/Q Growth	-83.78%	94.40%	13.28%	-379.65%	-212.21%	166.17%	-26.77%	-25.33%	-2,031.35%	114.82%	1.41%
Invested Capital Q/Q Growth	5.36%	-4.41%	-6.66%	2.57%	21.69%	-7.90%	2.47%	4.18%	58.45%	4.62%	4.58%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	-21.13%	15.44%	23.31%	27.67%	32.85%	39.25%	38.18%	44.67%	31.05%	46.64%	41.34%
EBIT Margin	7.32%	4.44%	14.01%	19.33%	27.47%	33.33%	32.83%	38.64%	25.79%	41.23%	35.72%
Profit (Net Income) Margin	5.44%	2.74%	12.42%	7.86%	22.91%	27.85%	26.59%	31.46%	21.33%	33.35%	29.22%
Tax Burden Percent	74.35%	61.59%	88.67%	40.65%	83.40%	83.54%	80.98%	81.42%	82.70%	80.89%	81.80%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	25.65%	38.41%	11.33%	59.35%	16.60%	16.46%	19.02%	18.58%	17.30%	19.11%	18.20%
Return on Invested Capital (ROIC)	0.93%	0.55%	3.16%	2.00%	6.63%	7.67%	9.45%	10.72%	5.81%	8.94%	7.78%
ROIC Less NNEP Spread (ROIC-NNEP)	0.93%	0.55%	3.16%	2.00%	6.63%	7.67%	9.45%	10.72%	5.81%	8.94%	7.78%
Return on Net Nonoperating Assets (RNNOA)	0.15%	0.14%	0.84%	0.73%	3.39%	3.32%	1.71%	0.55%	1.57%	3.39%	1.66%
Return on Equity (ROE)	1.08%	0.69%	4.00%	2.73%	10.01%	10.99%	11.16%	11.27%	7.38%	12.33%	9.44%
Cash Return on Invested Capital (CROIC)	3.91%	20.31%	20.57%	-15.15%	-22.57%	10.65%	29.50%	3.99%	-47.09%	4.20%	20.75%
Operating Return on Assets (OROA)	0.25%	0.17%	0.56%	0.76%	1.40%	1.66%	1.74%	1.66%	1.03%	1.80%	1.47%
Return on Assets (ROA)	0.19%	0.10%	0.50%	0.31%	1.17%	1.39%	1.41%	1.35%	0.85%	1.46%	1.20%
Return on Common Equity (ROCE)	1.08%	0.69%	4.00%	2.73%	10.01%	10.99%	11.16%	11.27%	7.38%	12.33%	9.44%
Return on Equity Simple (ROE_SIMPLE)	1.15%	0.79%	4.30%	2.74%	8.84%	10.48%	10.79%	11.14%	6.53%	11.71%	9.10%
Net Operating Profit after Tax (NOPAT)	9.18	4.88	23	15	61	80	89	94	71	142	119
NOPAT Margin	5.44%	2.74%	12.42%	7.86%	22.91%	27.85%	26.59%	31.46%	21.33%	33.35%	29.22%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	73.82%	69.14%	59.89%	59.86%	58.92%	56.39%	54.17%	55.33%	51.76%	45.17%	51.07%
Operating Expenses to Revenue	88.99%	88.58%	73.25%	73.68%	70.59%	62.63%	61.88%	64.48%	63.22%	56.82%	62.62%
Earnings before Interest and Taxes (EBIT)	12	7.93	26	36	74	96	109	115	86	176	145
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-36	28	43	51	88	113	127	133	104	199	168
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.81	0.88	1.31	1.40	1.19	1.27	1.12	1.48	1.36	1.13	1.25
Price to Tangible Book Value (P/TBV)	0.90	1.00	1.50	1.59	1.46	1.53	1.33	1.74	1.98	1.62	1.74
Price to Revenue (P/Rev)	3.82	3.06	3.79	4.03	3.09	3.39	2.75	4.18	4.46	3.21	4.03
Price to Earnings (P/E)	70.12	111.74	30.51	51.29	13.47	12.16	10.34	13.28	20.91	9.61	13.78
Dividend Yield	1.24%	1.11%	0.81%	1.22%	2.01%	2.39%	2.67%	2.12%	2.37%	2.88%	2.60%
Earnings Yield	1.43%	0.89%	3.28%	1.95%	7.43%	8.22%	9.67%	7.53%	4.78%	10.41%	7.26%
Enterprise Value to Invested Capital (EV/IC)	0.58	0.70	1.02	0.95	1.02	1.10	0.40	0.51	1.13	0.98	1.14
Enterprise Value to Revenue (EV/Rev)	3.32	3.12	3.67	4.04	4.05	3.92	1.00	1.55	5.25	3.73	4.01
Enterprise Value to EBITDA (EV/EBITDA)	0.00	20.17	15.75	14.61	12.32	9.99	2.62	3.46	16.91	8.00	9.71
Enterprise Value to EBIT (EV/EBIT)	45.38	70.14	26.20	20.91	14.73	11.76	3.05	4.00	20.35	9.04	11.24
Enterprise Value to NOPAT (EV/NOPAT)	61.03	113.88	29.55	51.44	17.67	14.08	3.76	4.91	24.61	11.18	13.74
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	12.90	14.76	25.57	0.00	2.56	8.17	9.51	10.51
Enterprise Value to Free Cash Flow (EV/FCFF)	14.59	3.11	4.54	0.00	0.00	10.14	1.21	13.19	0.00	23.80	5.15
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.22	0.29	0.24	0.49	0.53	0.35	0.03	0.07	0.42	0.34	0.09
Long-Term Debt to Equity	0.05	0.06	0.07	0.24	0.43	0.27	0.00	0.05	0.40	0.33	0.08
Financial Leverage	0.16	0.25	0.27	0.37	0.51	0.43	0.18	0.05	0.27	0.38	0.21
Leverage Ratio	5.75	6.73	8.02	8.81	8.57	7.92	7.91	8.35	8.69	8.47	7.85
Compound Leverage Factor	5.75	6.73	8.02	8.81	8.57	7.92	7.91	8.35	8.69	8.47	7.85
Debt to Total Capital	17.93%	22.23%	19.60%	32.78%	34.60%	25.65%	2.71%	6.90%	29.59%	25.44%	8.64%
Short-Term Debt to Total Capital	13.79%	17.19%	13.80%	16.47%	6.21%	5.52%	2.71%	2.52%	1.30%	1.21%	1.32%
Long-Term Debt to Total Capital	4.13%	5.04%	5.80%	16.30%	28.39%	20.13%	0.00%	4.38%	28.29%	24.23%	7.32%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	82.07%	77.77%	80.40%	67.22%	65.40%	74.35%	97.29%	93.10%	70.41%	74.56%	91.36%
Debt to EBITDA	-4.87	6.41	3.02	5.06	4.17	2.34	0.18	0.47	4.43	2.08	0.73
Net Debt to EBITDA	2.34	0.38	-0.51	0.04	2.93	1.36	-4.58	-5.90	2.54	1.12	-0.03
Long-Term Debt to EBITDA	-1.12	1.45	0.89	2.52	3.42	1.83	0.00	0.30	4.23	1.98	0.62
Debt to NOPAT	18.91	36.17	5.67	17.80	5.98	3.29	0.26	0.67	6.44	2.91	1.04
Net Debt to NOPAT	-9.09	2.14	-0.96	0.15	4.20	1.92	-6.58	-8.37	3.70	1.57	-0.04
Long-Term Debt to NOPAT	4.36	8.20	1.68	8.86	4.91	2.58	0.00	0.42	6.16	2.78	0.88
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	38	179	150	-111	-209	112	277	35	-578	67	317
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	2.66	12.37	10.15	-6.10	-8.74	3.03	11.04	2.52	-32.36	0.50	1.64
Operating Cash Flow to Interest Expense	-0.19	-2.60	-0.27	3.21	3.07	1.20	-0.25	12.99	12.02	1.25	0.81
Operating Cash Flow Less CapEx to Interest Expense	-0.19	-2.60	-0.27	3.21	3.07	1.20	-0.25	12.99	12.02	1.25	0.81
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.03	0.04	0.04	0.04	0.05	0.05	0.05	0.04	0.04	0.04	0.04
Fixed Asset Turnover	1.52	1.70	1.87	1.96	2.63	2.60	3.04	2.92	2.87	2.85	2.26
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	968	794	667	792	1,063	1,032	844	902	1,551	1,627	1,428
Invested Capital Turnover	0.17	0.20	0.25	0.25	0.29	0.28	0.36	0.34	0.27	0.27	0.27
Increase / (Decrease) in Invested Capital	-29	-174	-127	125	271	-31	-188	59	649	75	-198
Enterprise Value (EV)	560	556	682	750	1,086	1,132	333	460	1,754	1,588	1,632
Market Capitalization	643	545	704	748	827	977	916	1,243	1,490	1,365	1,637
Book Value per Share	$19.97	$20.36	$20.65	$19.83	$22.59	$24.60	$26.82	$27.73	$29.05	$32.12	$34.33
Tangible Book Value per Share	$18.05	$17.99	$18.09	$17.55	$18.41	$20.55	$22.47	$23.53	$20.03	$22.26	$24.74
Total Capital	968	794	667	792	1,063	1,032	844	902	1,551	1,627	1,428
Total Debt	174	177	131	260	368	265	23	62	459	414	123
Total Long-Term Debt	40	40	39	129	302	208	0.00	39	439	394	105
Net Debt	-83	10	-22	2.21	258	154	-583	-783	264	223	-4.44
Capital Expenditures (CapEx)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	174	177	131	260	368	265	23	62	459	414	123
Total Depreciation and Amortization (D&A)	-48	20	17	15	14	17	18	18	18	23	23
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.22	$0.14	$0.81	$0.54	$2.00	$2.57	$2.87	$3.04	$2.20	$3.74	$3.10
Adjusted Weighted Average Basic Shares Outstanding	42.40M	34.35M	28.31M	26.93M	30.75M	31.18M	30.86M	30.73M	32.36M	37.94M	38.21M
Adjusted Diluted Earnings per Share	$0.22	$0.14	$0.79	$0.53	$1.95	$2.55	$2.85	$3.01	$2.18	$3.72	$3.08
Adjusted Weighted Average Diluted Shares Outstanding	42.42M	34.36M	29.09M	27.71M	31.43M	31.53M	31.08M	31.07M	32.68M	38.11M	38.42M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	37.21M	29.46M	26.61M	30.31M	30.86M	31.18M	30.64M	29.96M	37.61M	37.79M	38.06M
Normalized Net Operating Profit after Tax (NOPAT)	11	9.14	19	22	61	75	90	94	71	142	119
Normalized NOPAT Margin	6.50%	5.12%	10.33%	11.97%	22.76%	26.03%	27.15%	31.46%	21.33%	33.35%	29.22%
Pre Tax Income Margin	7.32%	4.44%	14.01%	19.33%	27.47%	33.33%	32.83%	38.64%	25.79%	41.23%	35.72%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.86	0.55	1.76	1.98	3.08	2.62	4.37	8.32	4.83	1.32	0.75
NOPAT to Interest Expense	0.64	0.34	1.56	0.80	2.57	2.19	3.54	6.77	3.99	1.06	0.62
EBIT Less CapEx to Interest Expense	0.86	0.55	1.76	1.98	3.08	2.62	4.37	8.32	4.83	1.32	0.75
NOPAT Less CapEx to Interest Expense	0.64	0.34	1.56	0.80	2.57	2.19	3.54	6.77	3.99	1.06	0.62
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	92.71%	137.49%	27.75%	64.48%	27.05%	29.28%	28.01%	28.72%	42.72%	27.91%	36.14%
Augmented Payout Ratio	1,393.60%	3,731.35%	433.53%	64.48%	27.05%	29.28%	50.00%	67.61%	42.72%	27.91%	36.14%

This table displays calculated financial ratios and metrics derived from National Bank's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	13.61%	27.62%	66.71%	42.36%	23.94%	-3.33%	-7.15%	-5.80%	-1.03%	-4.09%
EBITDA Growth	-19.46%	-39.09%	112.11%	63.78%	116.70%	77.78%	-19.24%	-20.76%	-11.70%	-9.20%
EBIT Growth	-19.95%	-49.03%	129.39%	65.54%	128.98%	97.73%	-22.78%	-22.42%	-12.19%	-10.73%
NOPAT Growth	-20.11%	-46.46%	119.50%	59.89%	127.84%	98.08%	-22.07%	-19.73%	-8.26%	-14.91%
Net Income Growth	-20.11%	-46.46%	119.50%	59.89%	127.84%	98.08%	-22.07%	-19.73%	-8.26%	-14.91%
EPS Growth	-21.88%	-59.00%	76.67%	26.87%	88.00%	112.20%	-22.64%	-20.00%	-8.51%	-17.24%
Operating Cash Flow Growth	395.49%	-3.17%	-138.55%	18.55%	-10.72%	33.06%	259.39%	-65.68%	-2.39%	4.05%
Free Cash Flow Firm Growth	-320.90%	-2,196.11%	-340.24%	-4,529.93%	-456.06%	93.32%	143.10%	139.88%	141.12%	636.25%
Invested Capital Growth	13.03%	71.92%	0.00%	82.81%	58.81%	4.86%	-40.90%	-15.63%	-12.14%	-12.18%
Revenue Q/Q Growth	18.78%	26.32%	0.32%	-5.43%	3.41%	-1.47%	-3.64%	-4.05%	8.65%	-4.52%
EBITDA Q/Q Growth	-17.06%	6.79%	118.58%	-15.41%	9.75%	-12.39%	-0.71%	-17.00%	22.30%	-9.92%
EBIT Q/Q Growth	-19.78%	-0.81%	156.00%	-18.74%	10.97%	-14.34%	-0.03%	-18.35%	25.60%	-12.93%
NOPAT Q/Q Growth	-22.21%	5.57%	140.91%	-19.18%	10.84%	-8.22%	-5.22%	-16.74%	26.67%	-14.86%
Net Income Q/Q Growth	-22.21%	5.57%	140.91%	-19.18%	10.84%	-8.22%	-5.22%	-16.74%	26.67%	-14.86%
EPS Q/Q Growth	-25.37%	-18.00%	158.54%	-19.81%	10.59%	-7.45%	-5.75%	-17.07%	26.47%	-16.28%
Operating Cash Flow Q/Q Growth	-31.29%	-37.77%	-156.04%	594.76%	-48.26%	-7.26%	-32.87%	6.55%	47.15%	-1.14%
Free Cash Flow Firm Q/Q Growth	-717.90%	-551.47%	-243.05%	67.92%	22.44%	92.18%	2,315.02%	-70.32%	-20.02%	2.00%
Invested Capital Q/Q Growth	11.32%	58.45%	42.41%	-27.22%	-3.30%	4.62%	-19.73%	3.89%	0.70%	4.58%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	27.44%	23.19%	50.53%	45.20%	47.97%	42.66%	43.95%	38.02%	42.80%	40.38%
EBIT Margin	22.94%	18.01%	45.97%	39.50%	42.39%	36.85%	38.23%	32.53%	37.61%	34.30%
Profit (Net Income) Margin	18.32%	15.31%	36.77%	31.42%	33.68%	31.38%	30.86%	26.78%	31.22%	27.84%
Tax Burden Percent	79.86%	84.99%	79.99%	79.55%	79.46%	85.14%	80.72%	82.31%	83.01%	81.16%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	20.14%	15.01%	20.01%	20.45%	20.54%	14.86%	19.28%	17.69%	16.99%	18.84%
Return on Invested Capital (ROIC)	6.17%	4.17%	12.58%	10.33%	11.42%	8.41%	7.34%	7.44%	8.78%	7.41%
ROIC Less NNEP Spread (ROIC-NNEP)	6.17%	4.17%	12.58%	10.33%	11.42%	8.41%	7.34%	7.44%	8.78%	7.41%
Return on Net Nonoperating Assets (RNNOA)	0.28%	1.13%	11.94%	2.76%	2.47%	3.18%	3.57%	1.77%	1.66%	1.58%
Return on Equity (ROE)	6.45%	5.30%	24.52%	13.09%	13.89%	11.59%	10.91%	9.21%	10.45%	8.99%
Cash Return on Invested Capital (CROIC)	-2.94%	-47.09%	-191.56%	-50.09%	-35.53%	4.20%	58.99%	25.51%	21.40%	20.75%
Operating Return on Assets (OROA)	0.95%	0.72%	1.75%	1.90%	2.05%	1.61%	1.61%	1.35%	1.56%	1.41%
Return on Assets (ROA)	0.76%	0.61%	1.40%	1.51%	1.63%	1.37%	1.30%	1.11%	1.29%	1.15%
Return on Common Equity (ROCE)	6.45%	5.30%	24.52%	13.09%	13.89%	11.59%	10.91%	9.21%	10.45%	8.99%
Return on Equity Simple (ROE_SIMPLE)	9.33%	0.00%	8.22%	9.19%	10.80%	0.00%	10.81%	10.16%	9.58%	0.00%
Net Operating Profit after Tax (NOPAT)	16	17	40	33	36	33	31	26	33	28
NOPAT Margin	18.32%	15.31%	36.77%	31.42%	33.68%	31.38%	30.86%	26.78%	31.22%	27.84%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	49.10%	48.67%	42.61%	46.71%	45.53%	45.96%	50.62%	53.23%	49.52%	51.07%
Operating Expenses to Revenue	62.39%	61.96%	53.21%	58.86%	56.56%	58.82%	61.77%	64.62%	60.51%	63.75%
Earnings before Interest and Taxes (EBIT)	20	20	50	41	45	39	39	32	40	35
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	24	25	55	47	51	45	45	37	45	41
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.15	1.36	1.07	0.92	0.94	1.13	1.10	1.18	1.24	1.25
Price to Tangible Book Value (P/TBV)	1.47	1.98	1.52	1.38	1.38	1.62	1.57	1.68	1.72	1.74
Price to Revenue (P/Rev)	3.40	4.46	3.20	2.59	2.53	3.21	3.23	3.58	3.88	4.03
Price to Earnings (P/E)	12.31	20.91	12.96	10.06	8.66	9.61	10.15	11.66	12.90	13.78
Dividend Yield	2.59%	2.37%	2.99%	3.52%	3.53%	2.88%	2.96%	2.77%	2.61%	2.60%
Earnings Yield	8.12%	4.78%	7.72%	9.94%	11.54%	10.41%	9.85%	8.58%	7.75%	7.26%
Enterprise Value to Invested Capital (EV/IC)	0.88	1.13	0.87	0.74	0.76	0.98	0.87	1.06	1.09	1.14
Enterprise Value to Revenue (EV/Rev)	2.77	5.25	5.06	2.93	2.77	3.73	2.71	3.50	3.62	4.01
Enterprise Value to EBITDA (EV/EBITDA)	7.16	16.91	14.39	7.91	6.64	8.00	6.02	8.08	8.65	9.71
Enterprise Value to EBIT (EV/EBIT)	8.18	20.35	16.70	9.15	7.60	9.04	6.90	9.30	9.97	11.24
Enterprise Value to NOPAT (EV/NOPAT)	10.02	24.61	20.53	11.36	9.46	11.18	8.50	11.37	12.04	13.74
Enterprise Value to Operating Cash Flow (EV/OCF)	3.98	8.17	13.01	7.40	7.63	9.51	5.25	9.32	9.71	10.51
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	23.80	1.09	3.81	4.77	5.15
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.06	0.42	0.95	0.40	0.34	0.34	0.06	0.09	0.06	0.09
Long-Term Debt to Equity	0.04	0.40	0.93	0.38	0.32	0.33	0.04	0.07	0.04	0.08
Financial Leverage	0.05	0.27	0.95	0.27	0.22	0.38	0.49	0.24	0.19	0.21
Leverage Ratio	8.52	8.69	8.75	8.68	8.54	8.47	8.41	8.29	8.09	7.85
Compound Leverage Factor	8.52	8.69	8.75	8.68	8.54	8.47	8.41	8.29	8.09	7.85
Debt to Total Capital	6.09%	29.59%	48.68%	28.64%	25.16%	25.44%	5.66%	8.02%	5.41%	8.64%
Short-Term Debt to Total Capital	2.05%	1.30%	0.97%	1.33%	1.30%	1.21%	1.50%	1.44%	1.43%	1.32%
Long-Term Debt to Total Capital	4.04%	28.29%	47.71%	27.31%	23.86%	24.23%	4.16%	6.59%	3.99%	7.32%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	93.91%	70.41%	51.32%	71.36%	74.84%	74.56%	94.34%	91.98%	94.59%	91.36%
Debt to EBITDA	0.50	4.43	8.09	3.04	2.19	2.08	0.39	0.61	0.43	0.73
Net Debt to EBITDA	-1.64	2.54	5.31	0.90	0.56	1.12	-1.17	-0.20	-0.62	-0.03
Long-Term Debt to EBITDA	0.33	4.23	7.92	2.90	2.07	1.98	0.29	0.50	0.32	0.62
Debt to NOPAT	0.69	6.44	11.54	4.37	3.11	2.91	0.55	0.86	0.60	1.04
Net Debt to NOPAT	-2.29	3.70	7.57	1.30	0.79	1.57	-1.65	-0.29	-0.86	-0.04
Long-Term Debt to NOPAT	0.46	6.16	11.31	4.17	2.95	2.78	0.41	0.71	0.44	0.88
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-97	-632	-2,169	-696	-540	-42	935	277	222	226
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	-29.61	-71.10	-116.33	-22.24	-14.08	-0.93	19.60	5.68	4.41	4.93
Operating Cash Flow to Interest Expense	16.44	3.77	-1.01	2.97	1.26	0.99	0.63	0.65	0.93	1.01
Operating Cash Flow Less CapEx to Interest Expense	16.44	3.77	-1.01	2.97	1.26	0.99	0.63	0.65	0.93	1.01
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.04	0.04	0.04	0.05	0.05	0.04	0.04	0.04	0.04	0.04
Fixed Asset Turnover	3.11	2.87	2.69	3.25	3.31	2.85	2.70	2.53	2.38	2.26
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	979	1,551	2,209	1,608	1,555	1,627	1,306	1,356	1,366	1,428
Invested Capital Turnover	0.34	0.27	0.34	0.33	0.34	0.27	0.24	0.28	0.28	0.27
Increase / (Decrease) in Invested Capital	113	649	2,209	728	576	75	-904	-251	-189	-198
Enterprise Value (EV)	860	1,754	1,914	1,197	1,189	1,588	1,132	1,441	1,489	1,632
Market Capitalization	1,056	1,490	1,208	1,060	1,089	1,365	1,352	1,477	1,596	1,637
Book Value per Share	$30.57	$29.05	$30.15	$30.42	$30.85	$32.12	$32.39	$32.98	$34.07	$34.33
Tangible Book Value per Share	$23.96	$20.03	$21.16	$20.32	$20.92	$22.26	$22.65	$23.24	$24.41	$24.74
Total Capital	979	1,551	2,209	1,608	1,555	1,627	1,306	1,356	1,366	1,428
Total Debt	60	459	1,075	460	391	414	74	109	74	123
Total Long-Term Debt	40	439	1,054	439	371	394	54	89	54	105
Net Debt	-197	264	706	137	100	223	-219	-36	-107	-4.44
Capital Expenditures (CapEx)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	60	459	1,075	460	391	414	74	109	74	123
Total Depreciation and Amortization (D&A)	3.89	5.66	5.00	5.91	5.98	6.13	5.82	5.36	5.51	6.16
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.51	$0.41	$1.06	$0.86	$0.95	$0.87	$0.82	$0.68	$0.86	$0.74
Adjusted Weighted Average Basic Shares Outstanding	31.26M	32.36M	37.79M	37.96M	37.99M	37.94M	38.03M	38.21M	38.28M	38.21M
Adjusted Diluted Earnings per Share	$0.50	$0.41	$1.06	$0.85	$0.94	$0.87	$0.82	$0.68	$0.86	$0.72
Adjusted Weighted Average Diluted Shares Outstanding	31.53M	32.68M	38.07M	38.11M	38.13M	38.11M	38.19M	38.37M	38.50M	38.42M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	37.59M	37.61M	37.71M	37.72M	75.52M	37.79M	37.83M	37.92M	38.01M	38.06M
Normalized Net Operating Profit after Tax (NOPAT)	16	17	40	33	36	33	31	26	33	28
Normalized NOPAT Margin	18.32%	15.31%	36.77%	31.42%	33.68%	31.38%	30.86%	26.78%	31.22%	27.84%
Pre Tax Income Margin	22.94%	18.01%	45.97%	39.50%	42.39%	36.85%	38.23%	32.53%	37.61%	34.30%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	6.05	2.21	2.70	1.31	1.18	0.86	0.82	0.65	0.79	0.76
NOPAT to Interest Expense	4.83	1.88	2.16	1.04	0.94	0.73	0.66	0.53	0.66	0.61
EBIT Less CapEx to Interest Expense	6.05	2.21	2.70	1.31	1.18	0.86	0.82	0.65	0.79	0.76
NOPAT Less CapEx to Interest Expense	4.83	1.88	2.16	1.04	0.94	0.73	0.66	0.53	0.66	0.61
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	32.27%	42.72%	35.28%	34.07%	30.90%	27.91%	30.36%	32.55%	34.01%	36.14%
Augmented Payout Ratio	32.27%	42.72%	35.28%	34.07%	30.90%	27.91%	30.36%	32.55%	34.01%	36.14%

Frequently Asked Questions About National Bank's Financials

When does National Bank's fiscal year end?

According to the most recent income statement we have on file, National Bank's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has National Bank's net income changed over the last 10 years?

National Bank's net income appears to be on an upward trend, with a most recent value of $118.82 million in 2024, rising from $9.18 million in 2014. The previous period was $142.05 million in 2023.

How has National Bank revenue changed over the last 10 years?

Over the last 10 years, National Bank's total revenue changed from $168.55 million in 2014 to $406.62 million in 2024, a change of 141.2%.

How much debt does National Bank have?

National Bank's total liabilities were at $8.50 billion at the end of 2024, a 2.7% decrease from 2023, and a 111.2% increase since 2014.

How much cash does National Bank have?

In the past 10 years, National Bank's cash and equivalents has ranged from $109.06 million in 2018 to $845.20 million in 2021, and is currently $127.85 million as of their latest financial filing in 2024.

How has National Bank's book value per share changed over the last 10 years?

Over the last 10 years, National Bank's book value per share changed from 19.97 in 2014 to 34.33 in 2024, a change of 71.9%.

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This page (NYSE:NBHC) was last updated on 4/15/2025 by MarketBeat.com Staff

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National Bank (NBHC) Financials

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National Bank (NBHC) Financials

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