NBHC vs. NBN

Last updated Apr 1, 2026

Compare and contrast key facts about National Bank Holdings Corporation (NBHC) and Northeast Bank (NBN).

Performance

NBHC vs. NBN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in National Bank Holdings Corporation (NBHC) and Northeast Bank (NBN). The values are adjusted to include any dividend payments, if applicable.

NBHC vs. NBN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NBHC National Bank Holdings Corporation	3.84%	-8.94%	19.11%	-8.81%	-2.16%	37.06%	-4.50%	16.56%	-3.44%	2.77%
NBN Northeast Bank	8.13%	13.35%	66.31%	31.21%	17.95%	58.86%	2.63%	31.69%	-27.59%	77.10%

Fundamentals

EPS NBHC : $4.31 NBN : $10.36
PE Ratio NBHC : 9.09 NBN : 10.85
PEG Ratio NBHC : 2.08 NBN : 1.21
PS Ratio NBHC : 1.92 NBN : 2.66
Total Revenue (TTM) NBHC : $519.77M NBN : $355.21M
Gross Profit (TTM) NBHC : $303.33M NBN : $156.58M
EBITDA (TTM) NBHC : $134.37M NBN : $131.15M

Returns By Period

In the year-to-date period, NBHC achieves a 3.84% return, which is significantly lower than NBN's 8.13% return. Over the past 10 years, NBHC has underperformed NBN with an annualized return of 9.12%, while NBN has yielded a comparatively higher 26.88% annualized return.

NBHC

• 1D: 2.14%
• 1M: -2.08%
• YTD: 3.84%
• 6M: 2.99%
• 1Y: 5.65%
• 3Y*: 8.67%
• 5Y*: 2.24%
• 10Y*: 9.12%

NBN

• 1D: 2.16%
• 1M: 1.34%
• YTD: 8.13%
• 6M: 12.21%
• 1Y: 22.81%
• 3Y*: 49.55%
• 5Y*: 32.98%
• 10Y*: 26.88%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

NBHC vs. NBN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NBHC

NBHC Risk / Return Rank: 46
NBHC Sharpe Ratio Rank: 49
NBHC Sortino Ratio Rank: 41
NBHC Omega Ratio Rank: 42
NBHC Calmar Ratio Rank: 49
NBHC Martin Ratio Rank: 49

NBN

NBN Risk / Return Rank: 61
NBN Sharpe Ratio Rank: 64
NBN Sortino Ratio Rank: 58
NBN Omega Ratio Rank: 57
NBN Calmar Ratio Rank: 61
NBN Martin Ratio Rank: 62

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NBHC vs. NBN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for National Bank Holdings Corporation (NBHC) and Northeast Bank (NBN). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	NBHC	NBN	Difference
Sharpe ratio Return per unit of total volatility	0.20	0.62	-0.42
Sortino ratio Return per unit of downside risk	0.47	1.07	-0.60
Omega ratio Gain probability vs. loss probability	1.06	1.14	-0.08
Calmar ratio Return relative to maximum drawdown	0.30	0.85	-0.55
Martin ratio Return relative to average drawdown	0.62	2.07	-1.46
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NBHC vs. NBN - Sharpe Ratio Comparison

The current NBHC Sharpe Ratio is 0.20, which is lower than the NBN Sharpe Ratio of 0.62. The chart below compares the historical Sharpe Ratios of NBHC and NBN, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	NBHC	NBN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.20	0.62	-0.42
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.07	1.01	-0.93
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.29	0.66	-0.37
Sharpe Ratio (All Time) Calculated using the full available price history	0.25	0.26	-0.01

Correlation

The correlation between NBHC and NBN is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

NBHC vs. NBN - Dividend Comparison

NBHC's dividend yield for the trailing twelve months is around 3.14%, more than NBN's 0.04% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NBHC National Bank Holdings Corporation	3.14%	3.16%	2.60%	2.80%	2.23%	1.98%	2.44%	2.13%	1.75%	1.05%	0.69%	0.94%
NBN Northeast Bank	0.04%	0.04%	0.04%	0.07%	0.10%	0.11%	0.18%	0.18%	0.24%	0.17%	0.31%	0.38%

Drawdowns

NBHC vs. NBN - Drawdown Comparison

The maximum NBHC drawdown since its inception was -48.43%, smaller than the maximum NBN drawdown of -70.51%. Use the drawdown chart below to compare losses from any high point for NBHC and NBN.

Drawdown Indicators

	NBHC	NBN	Difference
Max Drawdown Largest peak-to-trough decline	-48.43%	-70.51%	+22.08%
Max Drawdown (1Y) Largest decline over 1 year	-14.41%	-27.57%	+13.16%
Max Drawdown (5Y) Largest decline over 5 years	-43.64%	-29.30%	-14.34%
Max Drawdown (10Y) Largest decline over 10 years	-48.43%	-70.25%	+21.82%
Current Drawdown Current decline from peak	-20.07%	-10.34%	-9.73%
Average Drawdown Average peak-to-trough decline	-13.31%	-23.83%	+10.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.04%	11.27%	-4.23%

Volatility

NBHC vs. NBN - Volatility Comparison

The current volatility for National Bank Holdings Corporation (NBHC) is 4.81%, while Northeast Bank (NBN) has a volatility of 6.12%. This indicates that NBHC experiences smaller price fluctuations and is considered to be less risky than NBN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NBHC	NBN	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.81%	6.12%	-1.31%
Volatility (6M) Calculated over the trailing 6-month period	18.69%	26.16%	-7.47%
Volatility (1Y) Calculated over the trailing 1-year period	28.86%	37.04%	-8.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.71%	32.92%	-2.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.37%	40.67%	-9.30%

Financials

NBHC vs. NBN - Profitability Comparison

The chart below illustrates the profitability comparison between National Bank Holdings Corporation and Northeast Bank over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

NBHC - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, National Bank Holdings Corporation reported a gross profit of 0.00 and revenue of 76.62M. Therefore, the gross margin over that period was 0.0%.

NBN - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Northeast Bank reported a gross profit of 0.00 and revenue of 87.03M. Therefore, the gross margin over that period was 0.0%.

NBHC - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, National Bank Holdings Corporation reported an operating income of 0.00 and revenue of 76.62M, resulting in an operating margin of 0.0%.

NBN - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Northeast Bank reported an operating income of 30.12M and revenue of 87.03M, resulting in an operating margin of 34.6%.

NBHC - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, National Bank Holdings Corporation reported a net income of 16.04M and revenue of 76.62M, resulting in a net margin of 20.9%.

NBN - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Northeast Bank reported a net income of 20.74M and revenue of 87.03M, resulting in a net margin of 23.8%.