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 Axos Financial, Inc. 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 Axos Financial, Inc. and National Bank Holdings Corporation compare based on key financial metrics to determine which better meets your investment needs.

About Axos Financial, Inc. and National Bank Holdings Corporation

Axos Financial, Inc., together with its subsidiaries, operates as a consumer and business banking provider in the United States. The company operates through two segments, Banking Business and Securities Business. It offers deposits products, including consumer and business checking, savings, time deposit, and commercial and deposits. The company also provides residential single family, multifamily, and commercial mortgage loans; commercial real estate secured, commercial and industrial non-real estate, and auto and consumer loans. In addition, it offers a range of investment and wealth management services, such as disclosed clearing, recordkeeping, trade reporting, and reorganization assistance services, as well as margin loans and securities lending services. The company was formerly known as BofI Holding, Inc. and changed its name to Axos Financial, Inc. in September 2018. Axos Financial, Inc. was incorporated in 1999 and is based in Las Vegas, Nevada.

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 Axos Financial, Inc., National Bank Holdings Corporation Stock News

As of July 13, 2026, Axos Financial, Inc. had a $5.5 billion market capitalization, compared to the Banks median of $696.4 million. Axos Financial, Inc.’s stock is up 13.5% in 2026, down 0.7% in the previous five trading days and up 14.7% in the past year.

Currently, Axos Financial, Inc.’s price-earnings ratio is 11.8. Axos Financial, Inc.’s trailing 12-month revenue is $1.3 billion with a 36.0% net profit margin. Year-over-year quarterly sales growth most recently was 19.3%. Analysts expect adjusted earnings to reach $8.318 per share for the current fiscal year. Axos Financial, Inc. does not currently pay a dividend.

As of July 13, 2026, National Bank Holdings Corporation had a $2.0 billion market cap, putting it in the 54th percentile of all stocks. National Bank Holdings Corporation’s stock is up 18.7% in 2026, up 1.9% in the previous five trading days and up 11.15% in the past year.

Currently, National Bank Holdings Corporation’s price-earnings ratio is 16.9. National Bank Holdings Corporation’s trailing 12-month revenue is $429.2 million with a 24.7% net profit margin. Year-over-year quarterly sales growth most recently was 33.6%. Analysts expect adjusted earnings to reach $3.465 per share for the current fiscal year. National Bank Holdings Corporation currently has a 2.9% dividend yield.

How We Compare Axos Financial, Inc. 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 Axos Financial, Inc. and National Bank Holdings Corporation’s stock grades to see how they measure up against one another.

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Axos Financial, Inc. and National Bank Holdings Corporation Stock Value Grades

Company	Ticker	Value
Axos Financial, Inc.	AX	C
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.

Axos Financial, Inc. has a Value Score of 50, which is Average. National Bank Holdings Corporation has a Value Score of 37, which is Expensive.

The Value Stock Winner: No Clear Winner

Neither Axos Financial, Inc. 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 Axos Financial, Inc. or National Bank Holdings Corporation is the better investment when it comes to value.

Axos Financial, Inc. and National Bank Holdings Corporation Growth Grades

Company	Ticker	Growth
Axos Financial, Inc.	AX	A
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.

Axos Financial, Inc. has a Growth Score of 89, which is Very Strong. National Bank Holdings Corporation has a Growth Score of 32, which is Weak.

The Growth Grade Winner: Axos Financial, Inc.

As you can clearly see from the Growth Grade breakdown above, Axos Financial, Inc. has a more attractive growth grade than National Bank Holdings Corporation. For investors who focus solely on how a company is growing relative to other companies in the same industry, Axos Financial, Inc. could be a good stock to add to their portfolio. However, it’s important for investors to analyze multiple factors based on a wide range of metrics before deciding whether to buy.

Axos Financial, Inc. and National Bank Holdings Corporation’s Estimate Revisions Grades

Company	Ticker	Earnings Estimate
Axos Financial, Inc.	AX	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.

Axos Financial, Inc. has a Earnings Estimate Score of 32, which is Negative. National Bank Holdings Corporation has a Earnings Estimate Score of 34, which is Negative.

The Earnings Estimate Revisions Stock Winner: No Clear Winner

Neither Axos Financial, Inc. 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 Axos Financial, Inc. or National Bank Holdings Corporation is the better investment when it comes to estimate revisions.

Other Axos Financial, Inc. and National Bank Holdings Corporation Grades

In addition to Value, Growth 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 Axos Financial, Inc. 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, Axos Financial, Inc. or National Bank Holdings Corporation Stock?

Overall, Axos Financial, Inc. stock has a Value Score of 50, Growth Score of 89 and Estimate Revisions Score of 32.

National Bank Holdings Corporation stock has a Value Score of 37, Growth Score of 32 and Estimate Revisions Score of 34.

Comparing Axos Financial, Inc. 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.