---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-090074"
form_type: "8-K"
ticker: "NBHC"
cik: "0001475841"
company_name: "National Bank Holdings Corp"
filed_at: "2025-09-15T23:59:59+00:00"
generated_at: "2026-05-17T06:36:59.223838+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# NBHC to acquire Vista Bancshares for $369.1M; 17% EPS accretion expected

## Summary
- Total consideration of $369.1M consists of $84.8M cash and 7.4M shares of NBHC common stock.
- Pro forma combined assets ~$12.4B, deposits ~$10.4B; Vista has $2.4B assets as of June 30, 2025.
- Deal expected to be 17% accretive to NBHC earnings (fully phased) with TBV earn-back ~3 years.
- Transaction unanimously approved by both boards; expected to close in Q1 2026 subject to approvals.
- Vista Bank CEO John Steinmetz to lead combined Texas market and become EVP at NBH Bank.

## SEC filing metadata
- accession: 0001104659-25-090074
- form_type: 8-K
- ticker: NBHC
- cik: 0001475841
- company_name: National Bank Holdings Corp
- filed_at: 2025-09-15T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1475841/000110465925090074/0001104659-25-090074-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1475841/000110465925090074/nbhc-20250915x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-090074
- JSON: https://secwatch.observer/filing/0001104659-25-090074.json
- Plain text: https://secwatch.observer/filing/0001104659-25-090074.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.