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National Bank Holdings Valuation Multiples
Discover revenue and EBITDA valuation multiples for National Bank Holdings and similar public comparables like Permanent TSB, OFG Bancorp, Stellar Bancorp, Columbia Financial and more.
National Bank Holdings Overview
About National Bank Holdings
National Bank Holdings Corp offers a full range of banking products and financial services to commercial, business, and consumer clients predominantly in Colorado, with a focus on personalized service through relationship managers and banking center associates. The company provides commercial and industrial loans, non-owner occupied commercial real estate loans, Small Business Administration loans as a Preferred Lender Provider, U.S. Department of Agriculture and Farm Service Agency loans, commercial deposit and treasury management products, business online and mobile banking, consumer and residential real estate loans, deposit services, and trust and wealth management services. Its services emphasize full-relationship banking, integrating lending, deposits, and cash management solutions.
Founded
2009
HQ
Employees
1.3K
Website
Sectors
Financials (LTM)
EV
$2B
National Bank Holdings Financials
National Bank Holdings reported last 12-month revenue of $452M.
In the same LTM period, National Bank Holdings generated $118M in net income.
Revenue (LTM)
National Bank Holdings P&L
In the most recent fiscal year, National Bank Holdings reported revenue of $416M and net income of $110M.
National Bank Holdings expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $452M | XXX | $416M | XXX | XXX | XXX |
| EBIT Margin | 36% | XXX | 36% | XXX | XXX | XXX |
| Net Profit | $118M | XXX | $110M | XXX | XXX | XXX |
| Net Margin | 26% | XXX | 26% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
National Bank Holdings Stock Performance
National Bank Holdings has current market cap of $2B, and enterprise value of $2B.
Market Cap Evolution
National Bank Holdings' stock price is $42.02.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $2B | $2B | 2.4% | XXX | XXX | XXX | $2.45 |
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Start Free TrialNational Bank Holdings Valuation Multiples
National Bank Holdings trades at 4.3x EV/Revenue multiple.
EV / Revenue (LTM)
National Bank Holdings Financial Valuation Multiples
As of April 11, 2026, National Bank Holdings has market cap of $2B and EV of $2B.
Equity research analysts estimate National Bank Holdings' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
National Bank Holdings has a P/E ratio of 16.0x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $2B | XXX | $2B | XXX | XXX | XXX |
| EV (current) | $2B | XXX | $2B | XXX | XXX | XXX |
| EV/Revenue | 4.3x | XXX | 4.6x | XXX | XXX | XXX |
| EV/EBIT | 11.8x | XXX | 12.9x | XXX | XXX | XXX |
| P/E | 16.0x | XXX | 17.1x | XXX | XXX | XXX |
| EV/FCF | — | XXX | 14.6x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified National Bank Holdings Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
National Bank Holdings Margins & Growth Rates
National Bank Holdings' revenue in the last 12 month grew by 23%.
National Bank Holdings' revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.2M for the same period.
National Bank Holdings Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 23% | XXX | 31% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 1% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 37% | XXX | XXX | XXX |
| Opex to Revenue | 62% | XXX | 64% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
National Bank Holdings Public Comps
See public comps and valuation multiples for other Commercial Banking comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Permanent TSB | XXX | XXX | XXX | XXX | XXX | XXX |
| OFG Bancorp | XXX | XXX | XXX | XXX | XXX | XXX |
| Stellar Bancorp | XXX | XXX | XXX | XXX | XXX | XXX |
| Columbia Financial | XXX | XXX | XXX | XXX | XXX | XXX |
| China Bohai Bank Co | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
National Bank Holdings M&A Activity
National Bank Holdings acquired XXX companies to date.
Last acquisition by National Bank Holdings was on XXXXXXXX, XXXXX. National Bank Holdings acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by National Bank Holdings
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialNational Bank Holdings Investment Activity
National Bank Holdings invested in XXX companies to date.
National Bank Holdings made its latest investment on XXXXXXXX, XXXXX. National Bank Holdings invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by National Bank Holdings
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout National Bank Holdings
| When was National Bank Holdings founded? | National Bank Holdings was founded in 2009. |
| Where is National Bank Holdings headquartered? | National Bank Holdings is headquartered in United States. |
| How many employees does National Bank Holdings have? | As of today, National Bank Holdings has over 1K employees. |
| Who is the CEO of National Bank Holdings? | National Bank Holdings' CEO is G. Timothy Laney. |
| Is National Bank Holdings publicly listed? | Yes, National Bank Holdings is a public company listed on NYSE. |
| What is the stock symbol of National Bank Holdings? | National Bank Holdings trades under NBHC ticker. |
| When did National Bank Holdings go public? | National Bank Holdings went public in 2012. |
| Who are competitors of National Bank Holdings? | National Bank Holdings main competitors are Permanent TSB, OFG Bancorp, Stellar Bancorp, Columbia Financial. |
| What is the current market cap of National Bank Holdings? | National Bank Holdings' current market cap is $2B. |
| What is the current revenue of National Bank Holdings? | National Bank Holdings' last 12 months revenue is $452M. |
| What is the current revenue growth of National Bank Holdings? | National Bank Holdings revenue growth (NTM/LTM) is 23%. |
| What is the current EV/Revenue multiple of National Bank Holdings? | Current revenue multiple of National Bank Holdings is 4.3x. |
| Is National Bank Holdings profitable? | Yes, National Bank Holdings is net-income-positive (as of the last 12 months). |
| What is the current net income of National Bank Holdings? | National Bank Holdings' last 12 months net income is $118M. |
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