National Bank (NBHC) 8-K National Bank Holdings Corporation Announces Fourth Quarter and Record Full Year 2020 Financial Results

Exhibit 99.2

FOURTH QUARTER 2020 NATIONAL BANK HOLDINGS CORPORATION SUPPLEMENTAL DISCLOSURE JANUARY 21, 2021 EXHIBIT 99.2

2020 FINANCIAL HIGHLIGHTS CAPITAL 14.7% Common Equity Tier 1 Ratio LIQUIDITY Loan to deposit ratio of 77% NET INCOME $88.6 million TRANSACTION DEPOSIT GROWTH 15.3% annualized linked quarter ACL / LOANS 1.37% 1.43% excluding PPP loans EXPENSE 57.9% efficiency ratio FTE ‒ Strong capital levels with $365 million in excess capital over 7.0% common equity tier 1 risk-based regulatory requirement ‒ Ample liquidity with access to $2.2 billion in readily available funds ‒ Record 2020 full-year net income of $88.6 million, a 10.2% increase over 2019 and a third consecutive year of double digit growth ‒ Relationship-based banking provides for strong core deposit base ‒ 37% of deposit balances in non-interest bearing deposits ‒ Full-year net charge-offs of six basis points; decreasing levels of non-accrual loans to total loans from prior year; credit loss allowance increased by 53% since 12/31/19 ‒ Remain very focused on expense management 2

COVID-19 HIGH IMPACT INDUSTRIES AS OF 12/31/20 RESTAURANTS OIL & GAS RETAILERS LOAN OUTSTANDINGS $209.9 MILLION $126.9 MILLION $29.4 MILLION OF TOTAL LOANS 4.8% OF TOTAL LOANS 2.9% OF TOTAL LOANS 0.7% CLIENTS 95 CLIENTS 157 QUICK SERVICE 80% ESSENTIAL BUSINESSES 58% AVERAGE SR DEBT TO CAP 34% NO NEW LOANS IN 5 YEARS COMMERCIAL MULTIFAMILY RETAIL HOTEL & LODGING INDUSTRIES AND LOAN TYPES WITH NO DIRECT EXPOSURE Aviation Cruise Lines Energy Services Auto Manufacturing/ Dealer Floor Plans Indirect Auto Car Leasing Hedge Funds Convention Centers Credit Cards Malls Taxi/Ride Share $181.2 MILLION $71.4 MILLION $51.9 MILLION OF TOTAL LOANS 4.2% CLIENTS 35 AVERAGE LTV 54% OF TOTAL LOANS 1.6% CLIENTS 27 AVERAGE LTV 60% OF TOTAL LOANS 1.2% CLIENTS 52 AVERAGE LTV 53% CRE NON-OWNER OCCUPIED CLIENTS 5 LOAN OUTSTANDINGS LOAN OUTSTANDINGS LOAN OUTSTANDINGS LOAN OUTSTANDINGS LOAN OUTSTANDINGS 5 HOSPITALS/ MEDICAL $207.8 MILLION OF TOTAL LOANS 4.8% MUNICIPAL CRITICAL ACCESS HOSPITALS 61% CLIENTS 163 LOAN OUTSTANDINGS

LOANS OUTSTANDING LOANS MODIFIED(1) (2) COMMERCIAL EXCLUDING PPP 2,868.0 66.0% 44.7 1.6% CRE NON-OWNER OCCUPIED 632.0 14.5% 126.4 20.0% RESIDENTIAL REAL ESTATE 658.6 15.1% 2.5 0.4% CONSUMER 19.0 0.4% -- TOTAL EXCLUDING PPP 4,177.6 96.0% 173.6 4.2% PPP 176.1 4.0% TOTAL LOANS 4,353.7 100.0% $ $ ‒ Modification requests handled individually on a relationship basis; weekly cash flow forecast monitoring implemented for business clients; and as appropriate, cash equity injections required ‒ Recognizing that certain clients could face a longer revenue recovery path, the Bank is working with these clients on re-stabilization structures, requiring additional cash equity injections and certain restrictive covenants COVID MODIFICATIONS AS OF 12/31/20 $ $ $ (MM) | % $ (MM) | %(3) 4 (2) 96% of our modifications require monthly interest payments (1) Represents loans currently on a COVID-related modification plan as of December 31, 2020 $ (3) Loans modified as a percentage of total loan segment