Where do National Bank Holdings's ratios come from?

Every ratio is computed from National Bank Holdings's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Profitability
Net margin	24.1%-2.3pp	26.3%-2.9pp	29.2%+0.3pp	28.9%+1.5pp	27.4%-1.8pp
Free cash flow margin	9.2%-22.6pp	31.8%-1.9pp	33.8%+1.5pp	32.3%+1.4pp	30.9%+1.2pp
Returns
Return on equity	7.1%-1.1pp	8.1%-1.0pp	9.1%-0.1pp	9.2%+0.5pp	8.7%-0.7pp
Return on assets	0.9%-0.2pp	1.1%-0.1pp	1.2%0.0pp	1.2%+0.1pp	1.1%-0.1pp
Efficiency
Asset turnover	0×0.0×	0×0.0×	0×0.0×	0×0.0×	0×0.0×
Leverage
Debt-to-equity	0.1×+0.1×	0.1×0.0×	0×0.0×	0×0.0×	0×0.0×
Debt-to-assets	0×0.0×	0×0.0×	0×0.0×	0×0.0×	0×0.0×
Per Share
Book value per share	$37.32+2.6%	$36.36+0.6%	$36.15+2.0%	$35.45+2.0%	$34.77+2.4%
Valuation
Market capitalization	$1.76B+22.6%	$1.44B-1.6%	$1.46B+3.2%	$1.42B-2.9%	$1.46B-10.9%
Enterprise value	$1.49B+35.0%	$1.1B+15.0%	$960.37M-18.2%	$1.17B-7.3%	$1.27B-20.5%
Price / earnings	16.6×+3.5×	13.1×+1.1×	12×+0.2×	11.8×-1.2×	13.1×-0.7×
Price / sales	4×+0.5×	3.5×-0.1×	3.5×+0.1×	3.4×-0.2×	3.6×-0.4×
Price / book	1.1×0.0×	1×0.0×	1.1×0.0×	1×-0.1×	1.1×-0.2×
EV / sales	3.4×+0.7×	2.7×+0.4×	2.3×-0.5×	2.8×-0.3×	3.1×-0.8×
Free cash flow yield	2.3%-6.9pp	9.2%-0.4pp	9.6%+0.2pp	9.4%+0.8pp	8.6%+1.2pp
Earnings yield	6%-1.6pp	7.6%-0.7pp	8.3%-0.1pp	8.4%+0.8pp	7.7%+0.4pp
Dividend yield	2.8%-0.4pp	3.2%+0.1pp	3.1%0.0pp	3.2%+0.1pp	3%+0.4pp

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Questions, answered.

Where do National Bank Holdings's ratios come from?: Every ratio is computed from National Bank Holdings's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.