WallStSmart

National Bank Holdings Corporation (NBHC)vsPNC Financial Services Group Inc (PNC)

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Smart Verdict

WallStSmart Research — data-driven comparison

PNC Financial Services Group Inc generates 5504% more annual revenue ($22.32B vs $398.27M). PNC leads profitability with a 31.1% profit margin vs 27.5%. NBHC appears more attractively valued with a PEG of 1.57. PNC earns a higher WallStSmart Score of 73/100 (B).

NBHC

Buy

53

out of 100

Grade: C-

Growth: 4.0Profit: 7.0Value: 7.3Quality: 5.0

PNC

Strong Buy

73

out of 100

Grade: B

Growth: 7.3Profit: 7.5Value: 10.0Quality: 5.0
Piotroski: 5/9Altman Z: 0.15
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

NBHCSignificantly Overvalued (-114.3%)

Margin of Safety

-114.3%

Fair Value

$19.38

Current Price

$38.44

$19.06 premium

UndervaluedFair: $19.38Overvalued
PNCUndervalued (+73.5%)

Margin of Safety

+73.5%

Fair Value

$776.41

Current Price

$205.95

$570.46 discount

UndervaluedFair: $776.41Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

NBHC4 strengths · Avg: 8.8/10
Price/BookValuation
1.0x10/10

Reasonable price relative to book value

Profit MarginProfitability
27.5%9/10

Keeps 28 of every $100 in revenue as profit

P/E RatioValuation
13.2x8/10

Attractively priced relative to earnings

Operating MarginProfitability
24.1%8/10

Strong operational efficiency at 24.1%

PNC6 strengths · Avg: 9.2/10
Price/BookValuation
1.5x10/10

Reasonable price relative to book value

Profit MarginProfitability
31.1%10/10

Keeps 31 of every $100 in revenue as profit

Operating MarginProfitability
39.3%10/10

Strong operational efficiency at 39.3%

Market CapQuality
$83.43B9/10

Large-cap with strong market position

P/E RatioValuation
12.4x8/10

Attractively priced relative to earnings

EPS GrowthGrowth
29.1%8/10

Earnings expanding 29.1% YoY

Areas to Watch

NBHC4 concerns · Avg: 2.8/10
PEG RatioValuation
1.574/10

Expensive relative to growth rate

Market CapQuality
$1.69B3/10

Smaller company, higher risk/reward

Revenue GrowthGrowth
-7.7%2/10

Revenue declined 7.7%

EPS GrowthGrowth
-41.9%2/10

Earnings declined 41.9%

PNC2 concerns · Avg: 3.0/10
PEG RatioValuation
2.174/10

Expensive relative to growth rate

Altman Z-ScoreHealth
0.152/10

Distress zone — elevated risk

Comparative Analysis Report

WallStSmart Research

Bull Case : NBHC

The strongest argument for NBHC centers on Price/Book, Profit Margin, P/E Ratio. Profitability is solid with margins at 27.5% and operating margin at 24.1%.

Bull Case : PNC

The strongest argument for PNC centers on Price/Book, Profit Margin, Operating Margin. Profitability is solid with margins at 31.1% and operating margin at 39.3%.

Bear Case : NBHC

The primary concerns for NBHC are PEG Ratio, Market Cap, Revenue Growth.

Bear Case : PNC

The primary concerns for PNC are PEG Ratio, Altman Z-Score.

Key Dynamics to Monitor

NBHC profiles as a declining stock while PNC is a mature play — different risk/reward profiles.

PNC carries more volatility with a beta of 0.97 — expect wider price swings.

PNC is growing revenue faster at 9.6% — sustainability is the question.

PNC generates stronger free cash flow (2.3B), providing more financial flexibility.

Bottom Line

PNC scores higher overall (73/100 vs 53/100), backed by strong 31.1% margins. Both earn "Strong Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

National Bank Holdings Corporation

FINANCIAL SERVICES · BANKS - REGIONAL · USA

National Bank Holdings Corporation is the banking holding company for NBH Bank offering various banking products and financial services to commercial, commercial and consumer clients in the United States. The company is headquartered in Greenwood Village, Colorado.

PNC Financial Services Group Inc

FINANCIAL SERVICES · BANKS - REGIONAL · USA

PNC Financial Services Group, Inc. (stylized as PNC) is a bank holding company and financial services corporation based in Pittsburgh, Pennsylvania. Its banking subsidiary, PNC Bank, operates in 21 states and the District of Columbia with 2,296 branches and 9,051 ATMs. The company also provides financial services such as asset management, wealth management, estate planning, loan servicing, and information processing.

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