profit from every $100 of sales.
$0$100
National Bank
$37.18+0.27% today
-0.1% in 1 year
1-year low $35.591-year high $47.08
Trading close to its lowest price of the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
You pay $14.97 for every $1 of profit it makes in a year.
CheapExpensive
Not measured for banks and insurers: deposits and policy reserves count as debt, so the usual debt test says nothing about them.
Money in, money out
What National Bank sold, what it kept, and what it did with the cash.
Sales went from $329 million in 2022 to $412 million in 2025, with $110 million of profit last year.
SalesProfit
National Bank handed back 46% of the cash it generated last year.
$46M
Free cash flow 2025$132M
Bought back its own shares$15M
Paid as dividends$46M
Cash vs. debt$417M vs. $55M
National Bank vs. similar companies
National Bank grows in the middle of these 5 and is priced in the middle for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| National Bank | 15.0× · Cheap | ||
 China Merchants Bank | 7.7× · Cheap | ||
 DBS Group Holdings | 18.5× · Fair price | ||
 UniCredit | 11.6× · Cheap | ||
 HDFC Bank | 18.6× · Fair price |
AI analysis
An AI analyst reads National Bank's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 329 | 420 | 401 | 412 | |
| – | – | – | – | |
| – | – | – | – | |
| – | – | – | – | |
| 71 | 142 | 119 | 110 | |
| 2.18 | 3.72 | 3.08 | 2.85 | |
| – | – | – | – | |
| – | – | – | – | |
| 21.7% | 33.8% | 29.6% | 26.6% |
Balance sheet
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 9,573 | 9,951 | 9,808 | 9,884 |
| Cash | 196 | 191 | 128 | 417 |
| Total debt | 439 | 394 | 105 | 55 |
| Total liabilities | 8,481 | 8,738 | 8,503 | 8,498 |
| 1,092 | 1,213 | 1,305 | 1,385 | |
| 33 | 38 | 39 | 38 | |
| – | – | – | – | |
| 6.5% | 11.7% | 9.1% | 7.9% |
Cash flow
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 215 | 167 | 155 | 162 | |
| 12 | 37 | 35 | 30 | |
| 202 | 130 | 121 | 132 | |
| Dividends paid | 30 | 40 | 43 | 46 |
| 0 | 0 | 0 | 15 | |
| 6 | 7 | 8 | 7 |
This is a bank or insurer, so cash-flow and debt ratios are left out: borrowing and lending is the business itself. Price to book and return on equity are the measures that matter here.
Valuation
- 15.0×
- 10.7×
- 1.60
- 1.0×
- 4.0×
- 6.7%
- 2.9%
Profitability
- 26.6%
- 6.2%
- 7.9%
- 7.3%
- 0.8%
Growth
- +7.8%
- +9.3%
- +8.4%
- +5.6%
How it ranks in Financial Services
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 42%of 748
Top 49%of 603
Bottom 47%of 873
Bottom 47%of 883
Top 32%of 933
What analysts expect
- Average price target
- $47.00
- Range
- $42.00 – $52.00
- 1 analysts
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| Apr 21, 2026 | 0.72 | 0.59 | +22.0% |
| Jan 27, 2026 | 0.60 | 0.87 | −31.0% |
| Oct 21, 2025 | 0.96 | 0.90 | +6.7% |
| Jul 22, 2025 | 0.88 | 0.82 | +7.3% |
| Apr 22, 2025 | 0.63 | 0.76 | −17.1% |
| Jan 22, 2025 | 0.86 | 0.79 | +8.9% |
| Oct 22, 2024 | 0.86 | 0.75 | +14.7% |
| Jul 23, 2024 | 0.68 | 0.74 | −8.1% |
2.9%of the share price, paid each year
On $1,000 invested$29a year at today's yield, before tax
+8.4%2020 to 2025
Raised10 yearsin a row, in our data
Paid per share, each year
$0.20 in 2015 → $1.20 in 2025
How safe it looks
42.0% of its profit
Room to growStretchedMore than it earns: 34.8%
News
National Energy Services Reunited declares $0.10 dividendSeeking Alpha · Nov 10, 20263 US Defense Stocks Worth Watching As Nvidia Questions Hit National SecurityYahoo Finance · Nov 9, 2026Auburn National GAAP EPS of $0.72, revenue of $9.1MSeeking Alpha · Oct 27, 2026United CEO backs national wealth tax, inheritance leviesSeeking Alpha · Oct 20, 2026Butler National boosts share buyback authorization to $11.9MSeeking Alpha · Oct 7, 2026Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
4/7Passes 4 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
63Pass
Benjamin Graham
85Pass
Philip Fisher
65Pass
Peter Lynch
53No pass
Joel Greenblatt
17No pass
Charlie Munger
59No pass
Terry Smith
60Pass
Questions about National Bank
Is National Bank a good stock to buy?
A strong, very profitable business, and the price looks low. 4 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the National Bank AI analysis
What does National Bank do?
National Bank Holdings Corporation operates as the bank holding company for NBH Bank that provides various banking products and financial services to commercial, business, and consumer clients in the United States. It is in Banks - Regional.
Does National Bank pay a dividend?
Yes. At today's price the dividend is 2.9% a year, about 42% of its yearly profit. In 2025 it paid out $46.1 million in dividends.
Is National Bank stock halal?
No. National Bank does not pass our halal screen: its main business, banking, is not permitted. How we check
How has National Bank stock done over the past year?
Down 0.1% over the past twelve months, to $37.18. It traded between $35.59 and $47.08 and is 21.0% below its high.
Who are National Bank's competitors?
The largest listed companies in the same industry are China Merchants Bank, DBS Group Holdings, UniCredit and HDFC Bank. The peers table on this page compares their profit, growth and price with National Bank's.
Prices: daily closes to Nov 11, 2026. Fundamentals: company reports via invest-like data.