First National of Nebraska Inc (FINN) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of First National of Nebraska Inc $18,415, price $19,400, upside -5.1%, quality 65 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range $6,188 – $19,750 · fair‑value band $14,107 – $26,466 · the $19,400 price screens above the $18,415 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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First National of Nebraska, Inc. operates as the bank holding company for First National Bank of Omaha that provides various banking products and services. It provides checking, savings, and individual retirement accounts; certificates of deposit; and credit cards.
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First National of Nebraska, Inc. operates as the bank holding company for First National Bank of Omaha that provides various banking products and services. It provides checking, savings, and individual retirement accounts; certificates of deposit; and credit cards. It also provides personal loans and lines of credit; auto loans; mortgage loans; home equity lines of credit and loans; small business loans and lines of credit; small business administration loans; and commercial lending solutions. In addition, the company offers treasury management, debt consolidation, financial planning, retirement planning, wealth management, and merchant. Further, it provides solutions for agribusiness, commercial real estate, correspondent banking, financial institutions, healthcare banking, loan syndications, sponsor finance, and transportation banking. First National of Nebraska, Inc. was founded in 1857 and is headquartered in Omaha, Nebraska.
Stock analysis
First National of Nebraska Inc (FINN) currently trades at $19,400, while our model-based Fair Value estimate is $18,415, implying the stock looks roughly 5.4% fairly valued today.
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Valuation
Bull case: the Multiples group reads highest at a median of $20,078 per share, and 2 of the 6 models we run sit above the $19,400 price.
Bear case: the Dividend Discount group reads lowest at $5,971, and 4 of the 6 models stay below the price. Evidence for this calculation is high.
Scenario range: $14,107 (bear) to $26,466 (bull), the price of $19,400 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 65/100 (solid quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
First National of Nebraska Inc reported revenue of $3.4B in FY2025 versus $1.6B in FY2021, a compound +19.9%/yr. Reported net income was $533M in FY2025, compounding +1.9%/yr from FY2021.
Key figures
Market cap $5.2B · P/E ratio 9.9 · P/S ratio 1.57 · EPS (TTM) $1,966 · Dividend yield 0.4% · Net margin 15.9% · Return on assets (EBIT) 1.7% · Operating margin 29.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).
What moves the price
The share trades about 2% below its 52-week high and 45% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −38% fair-value upside, at −5%, FINN screens cheaper than that median.
Fair Value models
Bear $14,107Fair Value $18,415Bull $26,466
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then ($1,387 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.87/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+7.3%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+21.8%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+14.9%
Start year 2020 (pandemic). Over 10 years: +9.2% a year
Revenue growth 26 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+14.3%
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What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
+8.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+8.4%
Dividend (yield on the price)0.4%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.7% vs 7%, steady
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.23% → 21%
2025 sits 60% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Start year 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−21.4%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about −23.2% a year for the price.
Compare First National of Nebraska Inc with another stock
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Banks - Regional · 1074 stocks
Beats the industry median on 7/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score64 · Top 25%
Fair Value upside−5% · Above median
Profitability
Return on assets0% · Bottom 25%
Net margin (TTM)21% · Below median
Operating margin (TTM)29% · Below median
Growth and dividend
Revenue growth0% · Bottom 25%
Dividend yield (TTM)0.4% · Bottom 25%
Balance sheet
Debt / equity0.14× · Below median
Valuation Multiplesvs Banks - Regional median · lower = cheaper
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Cite: Fair Value Calculator (2026). "First National of Nebraska Inc Fair Value". https://www.fairvalue-calculator.com/stock/FINN
Frequently asked questions
Is First National of Nebraska Inc (FINN) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of $18,415 versus a price of $19,400, about −5% upside (fairly valued).
What is the fair value of FINN?
Our model-based fair value for First National of Nebraska Inc is $18,415 (as of Sep 24, 2026), built from audited fundamentals. The current price: $19,400.
What is the quality score of FINN?
First National of Nebraska Inc has a Quality Score of 65/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for First National of Nebraska Inc (FINN)?
Our model-based price target is the fair value of $18,415 (as of Sep 24, 2026) from 6 valuation models. Cautious scenario $14,107, optimistic scenario $26,466. It is a calculation from audited fundamentals, not an analyst target.
What is the First National of Nebraska Inc stock forecast for 2026?
Our models put fair value at $18,415, about −5% upside versus a price of $19,400 (fairly valued). Cautious scenario $14,107, optimistic scenario $26,466. The calculation is refreshed regularly with new filings.
What is the revenue of First National of Nebraska Inc (FINN)?
First National of Nebraska Inc reported trailing-twelve-month revenue of about $1.9B (latest available figure, as of Sep 24, 2026).
Does First National of Nebraska Inc pay a dividend?
First National of Nebraska Inc currently shows a dividend yield of about 0.36% relative to its recent price (as of Sep 24, 2026).
What growth is priced into First National of Nebraska Inc (FINN)?
For today's price to be fair in a discounted-cash-flow model, First National of Nebraska Inc would have to grow free cash flow by -21.4 % per year for five years (discount rate 8.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +14.9 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of FINN use?
Our models discount First National of Nebraska Inc at 8.5 %: a base by market capitalisation (mid), damped by beta 0.17, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For First National of Nebraska Inc that is -21.4 % per year a year over ten years, using the same discount rate (8.5 %) and the same formula as our fair value.
How much growth has First National of Nebraska Inc (FINN) delivered so far?
Over the past 5 years revenue at First National of Nebraska Inc grew +14.9 % a year. The price currently implies -21.4 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of First National of Nebraska Inc (FINN) growing?
The median revenue growth in the sector is +8.4 % a year. That is the yardstick for the growth priced into First National of Nebraska Inc (-21.4 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of First National of Nebraska Inc (FINN)?
The free-cash-flow yield on the price is 19.81 %: that much free cash flow First National of Nebraska Inc produces per unit of market value. When it exceeds the discount rate of our models (8.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of First National of Nebraska Inc (FINN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For First National of Nebraska Inc it is $18,415 per share (as of Sep 24, 2026), against a price of $19,400. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is First National of Nebraska Inc stock overvalued or undervalued in 2026?
As of Sep 24, 2026, FINN trades above its calculated fair value: price $19,400, fair value $18,415, a gap of about −5% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of FINN?
No. The price is what the market pays today ($19,400); the fair value is what the company's own numbers justify ($18,415). For First National of Nebraska Inc the two are $984.90 per share apart. That gap is exactly why we show both numbers side by side.
How much is First National of Nebraska Inc worth?
The market values First National of Nebraska Inc at about $5.2B (market capitalisation, as of Sep 24, 2026). Per share that is $19,400; our models calculate a fair value of $18,415 per share.
What do the bullish and bearish scenarios say about FINN?
Our models span a range for First National of Nebraska Inc: cautious scenario $14,107, base $18,415, optimistic $26,466 per share (as of Sep 24, 2026, price $19,400). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of FINN?
First National of Nebraska Inc trades at a price-to-earnings ratio of 9.9 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $18,415 is built from several models across several years. Other multiples: P/B 1.4, P/S 2.8, EV/EBITDA 5.1.
How solid is the balance sheet of First National of Nebraska Inc (FINN)?
Balance-sheet figures for First National of Nebraska Inc (as of Sep 24, 2026): debt of 0.14 per unit of equity. They feed the Quality Score of 65/100, which measures business quality independently of the share price.
How far is FINN from its 52-week high?
First National of Nebraska Inc trades at $19,400, about 2% below its 52-week high of $19,750 and 45% above the low of $13,382 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of $18,415 is for.
Which stocks are comparable to First National of Nebraska Inc?
From the same area (Financial Services) we also value DBS Group, China Merchants Bank Co, Intesa Sanpaolo S.p.A, HDFC Bank Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is First National of Nebraska Inc stock attractive at the current price?
The data as of Sep 24, 2026: price $19,400, calculated fair value $18,415 (−5%), Quality Score 65/100, from 6 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of FINN calculated?
We run First National of Nebraska Inc through 6 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $18,415, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.1 % above its aggregate fair value. First National of Nebraska Inc itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of First National of Nebraska Inc (FINN)?
The closing price on Sep 23, 2026 was $19,400. Our model-based fair value is $18,415, about −5% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with First National of Nebraska Inc right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range ($14,107 to $26,466) leaves room in how you read the outcome. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Where does the earnings growth of First National of Nebraska Inc (FINN) come from?
Earnings per share at First National of Nebraska Inc grew +3.7 % a year from 2014 to 2025. Broken into its drivers: revenue per share +10.4 %, EBIT margin −3.1 %, tax rate +0.3 %, residual (interest, one-offs) −3.4 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of First National of Nebraska Inc
How large is the market capitalisation of First National of Nebraska Inc (FINN)?
The market capitalisation of First National of Nebraska Inc is $5.2B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of First National of Nebraska Inc (FINN)?
The price-to-sales ratio of First National of Nebraska Inc is 1.57 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of First National of Nebraska Inc (FINN)?
Earnings per share at First National of Nebraska Inc are $1,966 (price ÷ EPS = P/E 9.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of First National of Nebraska Inc (FINN)?
The dividend yield of First National of Nebraska Inc is 0.4% (payout 3.6%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of First National of Nebraska Inc (FINN)?
The net margin of First National of Nebraska Inc is 15.9% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the EBIT return on assets of First National of Nebraska Inc (FINN)?
On an EBIT basis the return on assets of First National of Nebraska Inc is 1.7% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of First National of Nebraska Inc (FINN)?
The operating margin of First National of Nebraska Inc is 29.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at First National of Nebraska Inc (FINN)?
Revenue at First National of Nebraska Inc is growing −0.4% versus a year earlier (3y avg +21.8%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at First National of Nebraska Inc (FINN)?
Earnings per share at First National of Nebraska Inc are growing −21.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does First National of Nebraska Inc (FINN) carry?
The net debt of First National of Nebraska Inc is $526M (fiscal year 2025, ≈ 0.5 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Sep 24, 2026