Sifting through countless of stocks in the Banks industry can be tedious, and sometimes two stocks are just too similar to judge which is the better investment. If you’re on the fence about investing in TFS Financial Corporation or National Bank Holdings Corporation because you’re not sure how they measure up, it’s important to compare them on a few factors before making your decision.

Read on to learn how TFS Financial Corporation and National Bank Holdings Corporation compare based on key financial metrics to determine which better meets your investment needs.

About TFS Financial Corporation and National Bank Holdings Corporation

TFS Financial Corporation, through its subsidiaries, provides retail consumer banking services in the United States. The company offers deposit products, including savings, money market, checking, individual retirement, and other qualified plan accounts, as well as certificates of deposit. It also provides residential real estate mortgage loans, residential construction loans, purchase mortgages, and home equity loans and lines of credit, as well as purchase mortgages and first mortgage refinance loans. In addition, the company offers escrow and settlement services. TFS Financial Corporation was founded in 1938 and is headquartered in Cleveland, Ohio. TFS Financial Corporation operates as a subsidiary of Third Federal Savings and Loan Association of Cleveland, MHC.

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 offers deposit products, including checking, savings, money market, health savings, and other deposit accounts, including fixed-rate and fixed maturity time deposits. The company also provides commercial and industrial loans and leases, such as working capital loans, equipment loans, lender finance loans, food and agriculture loans, government and non-profit loans, owner occupied commercial real estate loans, and other commercial loans and leases; non-owner occupied commercial real estate loans consisting of loans on commercial properties, such as hospitality, office buildings, warehouse/distribution buildings, multi-family, and retail buildings; small business administration loans to support small businesses and entrepreneurs; term loans, line of credits, and real estate secured loans; residential real estate loans; and consumer loans. In addition, it offers treasury management solutions comprising online and mobile banking, commercial credit card, wire transfer, automated clearing house, electronic bill payment, lock box, remote deposit capture, merchant processing, cash vault, controlled disbursements, and fraud prevention services, as well as positive pay and other auxiliary services, including account reconciliation, collections, repurchase accounts, zero balance accounts, and sweep accounts. The company operates through a network of banking centers located in Colorado, the greater Kansas City region, Texas, Utah, Wyoming, New Mexico and Idaho. It also operates ATMs. The company was formerly known as NBH Holdings Corp. and changed its name to National Bank Holdings Corporation in March 2012. The company was incorporated in 2009 and is headquartered in Greenwood Village, Colorado.

Latest Banks and TFS Financial Corporation, National Bank Holdings Corporation Stock News

As of July 31, 2026, TFS Financial Corporation had a $5.1 billion market capitalization, compared to the Banks median of $716.9 million. TFS Financial Corporation’s stock is up 37.6% in 2026, up 1.2% in the previous five trading days and up 46% in the past year.

Currently, TFS Financial Corporation’s price-earnings ratio is 56.1. TFS Financial Corporation’s trailing 12-month revenue is $335.0 million with a 27.8% net profit margin. Year-over-year quarterly sales growth most recently was 9.8%. Analysts expect adjusted earnings to reach $0.335 per share for the current fiscal year. TFS Financial Corporation currently has a 6.1% dividend yield.

As of July 31, 2026, National Bank Holdings Corporation had a $1.9 billion market cap, putting it in the 53rd percentile of all stocks. National Bank Holdings Corporation’s stock is up 13.6% in 2026, down 0.3% in the previous five trading days and up 14.78% in the past year.

Currently, National Bank Holdings Corporation’s price-earnings ratio is 16.3. National Bank Holdings Corporation’s trailing 12-month revenue is $429.2 million with a 21.8% net profit margin. Year-over-year quarterly sales growth most recently was 33.6%. Analysts expect adjusted earnings to reach $3.300 per share for the current fiscal year. National Bank Holdings Corporation currently has a 3.0% dividend yield.

How We Compare TFS Financial Corporation and National Bank Holdings Corporation Stock Grades

Stock evaluation requires access to huge amounts of data and the knowledge and time to sift through it all, make sense of financial ratios, read income statements and analyze recent stock movements. AAII created A+ Investor, a robust data suite that condenses data research in an actionable and customizable way suitable for investors of all knowledge levels, to help investors streamline and work through such data.

AAII’s proprietary stock grades come with A+ Investor. These offer intuitive A‐F grades for each of five key investing factors: value, growth, momentum, earnings estimate revisions and quality. Here, we’ll take a closer look at TFS Financial Corporation and National Bank Holdings Corporation’s stock grades to see how they measure up against one another.

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TFS Financial Corporation and National Bank Holdings Corporation Stock Value Grades

Company	Ticker	Value
TFS Financial Corporation	TFSL	F
National Bank Holdings Corporation	NBHC	D

Successful stock investing involves buying low and selling high, so stock valuation is an important consideration for stock selection.

Buying stocks that are going to go up typically means buying stocks that are undervalued in the first place, although momentum investors may argue that point.

AAII’s A+ Investor Value Grade derives from a stock’s value score. The Value Score is the percentile rank of the average of the percentile ranks of the price-to-sales ratio, price-earnings ratio, enterprise-value-to-EBITDA (EV/EBITDA) ratio, shareholder yield, price-to-book-value ratio and price-to-free-cash-flow ratio. The score is variable, meaning it can consider all six ratios or, should any of the six ratios not be valid, the remaining ratios that are valid. To be assigned a Value Score, stocks must have a valid (non-null) ratio and corresponding ranking for at least two of the six valuation ratios.

Stocks with a Value Score from 81 to 100 are considered deep value, those with a score between 61 and 80 are a good value and so on.

TFS Financial Corporation has a Value Score of 17, which is Ultra Expensive. National Bank Holdings Corporation has a Value Score of 38, which is Expensive.

The Value Stock Winner: No Clear Winner

Neither TFS Financial Corporation or National Bank Holdings Corporation has a high enough value grade to be considered a “winner.” Investors who are considering these companies should do additional due diligence and research to see if either could be a good addition to their portfolio. It’s important to look at a wide range of financial metrics in order to determine if TFS Financial Corporation or National Bank Holdings Corporation is the better investment when it comes to value.

TFS Financial Corporation and National Bank Holdings Corporation Growth Grades

Company	Ticker	Growth
TFS Financial Corporation	TFSL	C
National Bank Holdings Corporation	NBHC	D

The foundation of growth investing is seeking out stocks of companies exhibiting strong, consistent and prolonged growth that is expected to continue into the future.

In order to compute the growth score and assign it a letter grade, the percentile ranks for each of three components‐consistency of annual sales growth, five-year sales growth rankings adjusted for extreme levels, and consistency of positive annual cash from operations‐must be determined. These three rank figures are added together, and the sum is ranked against the entire stock universe to arrive at a company’s Growth Score to create an equal distribution of grades.

The companies in the bottom 20% of the stock universe receive Growth Grades of F, considered to be very weak, while those in the top 20% receive A grades, which are considered very strong.

TFS Financial Corporation has a Growth Score of 56, which is Average. National Bank Holdings Corporation has a Growth Score of 32, which is Weak.

The Growth Stock Winner: No Clear Winner

Neither TFS Financial Corporation or National Bank Holdings Corporation has a high enough Growth Grade to be considered a “winner.” Investors who are considering these companies should do additional due diligence and research to see if either could be a good addition to their portfolios. It’s important to look at a wide range of financial metrics in order to determine if TFS Financial Corporation or National Bank Holdings Corporation is the better investment when it comes to sustainable growth.

TFS Financial Corporation and National Bank Holdings Corporation’s Estimate Revisions Grades

Company	Ticker	Earnings Estimate
TFS Financial Corporation	TFSL	D
National Bank Holdings Corporation	NBHC	D

Earnings estimate revisions scores consider the magnitude of a company’s earnings surprise in its last two reported fiscal quarters. Often, positive surprises beget further positive surprises‐or at least continued sales growth (the exact opposite is generally true, too).

Estimate revisions offer an indication of what analysts are thinking about the short-term prospects of a firm. Estimate revisions are based on the statistical significance of a firm’s last two quarterly earnings surprises and the percentage change in its consensus estimate for the current fiscal year over the past month and past three months.

TFS Financial Corporation has a Earnings Estimate Score of 35, which is Negative. National Bank Holdings Corporation has a Earnings Estimate Score of 23, which is Negative.

The Earnings Estimate Revisions Stock Winner: No Clear Winner

Neither TFS Financial Corporation or National Bank Holdings Corporation has an Earnings Estimate Revisions Grade that could be considered a “winner.” Investors considering these companies should do additional due diligence and research to see if either could be a good addition to their portfolios. It’s important to look at a wide range of financial metrics in order to determine if TFS Financial Corporation or National Bank Holdings Corporation is the better investment when it comes to estimate revisions.

Other TFS Financial Corporation and National Bank Holdings Corporation Grades

In addition to Growth, Value and Estimate Revisions, A+ Investor also provides grades for Momentum and Quality.

Momentum grades help uncover stocks experiencing anomalously high rates of return; research finds that stocks with high relative levels of momentum tend to outperform, whereas those with low levels of momentum tend to continue underperforming.

AAII’s A+ Investor Quality Grade comes from the ranking of key metrics. Specifically, the quality grade is the percentile rank of the composite of return on assets (ROA), return on invested capital (ROIC), gross profit relative to assets, buyback yield, change in total liabilities to assets, accruals, Z double prime bankruptcy risk (Z) score and F-Score.

These 2 key factors, when combined with the above, provide a holistic view into a particular stock. Further, by joining A+ Investor you can see whether TFS Financial Corporation and National Bank Holdings Corporation pass any of our 60+ stock screens that have outperformed the market since their creation.

So, Which Is the Better Investment, TFS Financial Corporation or National Bank Holdings Corporation Stock?

Overall, TFS Financial Corporation stock has a Value Score of 17, Growth Score of 56 and Estimate Revisions Score of 35.

National Bank Holdings Corporation stock has a Value Score of 38, Growth Score of 32 and Estimate Revisions Score of 23.

Comparing TFS Financial Corporation and National Bank Holdings Corporation’s grades, scores and metrics can act as a solid basis to determine whether they may be a good investment or not. You’ll also want to look at your portfolio’s asset allocation as well as your risk tolerance and financial goals to see if either of these stocks would make a good fit for you. AAII can help you figure out which investments align with your individual needs and preferences.

Investors are encouraged to do their own due diligence and research. In this way, individuals can effectively become managers of their own assets‐without having to rely on others for financial independence. You can count on AAII for timeless articles on financial planning and stock-picking, unbiased research and actionable analysis.

A+ Investor adds to our qualitative teaching with a powerful data suite to help you whittle down investment choices to find stocks, exchange-traded funds (ETFs) or mutual funds that meet your needs.

AAII Disclaimer

We make no representations or warranties that any investor will, or is likely to, achieve profits similar to those shown, because past, hypothetical or simulated performance is not necessarily indicative of future results. Before making an investment decision, you should consider your circumstances and whether the information on our content is applicable to your situation. This information was prepared in good faith, and we accept no liability for any errors or omissions. The full disclaimer can be read here.