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First Commonwealth Financial vs National Bank Holdings: FCF and NBHC compared
First Commonwealth Financial is the larger company: $143M of revenue in its latest quarter (Q3 2026) against $126M for National Bank Holdings (Q3 2026). National Bank Holdings is growing faster (+16% against +5% a year earlier). First Commonwealth Financial is more profitable, with an operating margin of 35.4% against -9.5%.
Where the money goes: FCF and NBHC
First Commonwealth Financial (FCF) · Q3 2026
First Commonwealth Financial, Q3 2026: revenue $143M (+5% year over year), operating margin 35.4%, net earnings $44.9M, operating cash flow $16.0M. The chart follows the revenue to costs, profit and cash.
National Bank Holdings (NBHC) · Q3 2026
National Bank Holdings, Q3 2026: revenue $126M (+16% year over year), operating margin -9.5%, net loss $8.8M, operating cash flow $66.1M. The chart follows the revenue to costs, profit and cash.
| First Commonwealth Financial (FCF) | National Bank Holdings (NBHC) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $143M | $126M |
| Revenue growth, Y/Y | +5% | +16% |
| Operating margin | 35.4% | -9.5% |
| Net earnings | $44.9M | −$8.8M |
| Net margin | 31.4% | -6.9% |
| Operating cash flow | $16.0M | $66.1M |
| Market value | $2.0B | — |
| P/E | 11.7× | — |
| Analysts’ mean target | $23.79 | — |
Where the revenue comes from
First Commonwealth Financial
- Net interest income: $116M (81%)
- Noninterest income: $26.7M (19%)
Questions
Which is bigger, First Commonwealth Financial or National Bank Holdings?
First Commonwealth Financial is the larger company: $143M of revenue in its latest quarter (Q3 2026) against $126M for National Bank Holdings (Q3 2026).
Is First Commonwealth Financial or National Bank Holdings growing faster?
National Bank Holdings is growing faster (+16% against +5% a year earlier).
Which is more profitable, First Commonwealth Financial or National Bank Holdings?
First Commonwealth Financial is more profitable, with an operating margin of 35.4% against -9.5%.
More: First Commonwealth Financial earnings · how First Commonwealth Financial makes money · National Bank Holdings earnings · how National Bank Holdings makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 6, 2026; 10-Q filed Nov 3, 2026). Fiscal quarters can end on different dates. Not investment advice.