Nationwide Building Society AI Stock Analysis
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Nationwide Building Society (NBS) AI Stock Analysis
Nationwide Building Society
(LSE:NBS)
The overall score reflects a fundamentally sound but cyclical financial profile, with consistent profitability and a stronger balance sheet offset by recent margin pressure and volatile cash flows, supported by an exceptionally low earnings-based valuation that makes the shares look inexpensive, while neutral-to-slightly-weak technicals and very low volatility suggest limited near-term momentum rather than a clear uptrend.
Nationwide Building Society (NBS) vs. iShares MSCI United Kingdom ETF (EWC)
- Market Cap
- GBP 1.14B
- Dividend Yield
- ―
- Average Volume (3M)
- 20.12K
- Price to Earnings (P/E)
- 1.1
- Beta (1Y)
- 0.06
- Revenue Growth
- 7.19%
- EPS Growth
- -54.08%
- Country
- UK
- Employees
- 26,890
- Sector
- Financial
- Sector Strength
- 68
- Industry
- Banks
Nationwide Building Society Business Overview & Revenue Model
Company Description
Nationwide Building Society, together with its subsidiaries, provides retail banking products and services in the United Kingdom. The company offers current, savings, and individual savings accounts; residential mortgages; overdrafts; personal, car,...
How the Company Makes Money
Nationwide primarily makes money from the net interest income generated by taking in member deposits (savings/current account balances) and lending those funds out, chiefly through residential mortgages and other personal lending. In practice, it ear...
Nationwide Building Society Financial Statement Overview
Summary
Financial performance is solid but cyclical: Nationwide remains consistently profitable with a stronger balance sheet and improved leverage over time, yet recent earnings have weakened with compressing margins and volatile operating cash flows.
Income Statement
62PositiveBalance Sheet
72PositiveCash Flow
58Neutral| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 17.41B | 17.39B | 16.27B | 4.67B | 9.21B | 4.87B |
| Gross Profit | 6.06B | 6.04B | 5.18B | 4.67B | 4.76B | 3.95B |
| EBITDA | 1.97B | 2.18B | 2.89B | 2.23B | -57.00M | 2.19B |
| Net Income | 1.06B | 1.06B | 2.30B | 1.30B | 1.66B | 1.25B |
Balance Sheet | ||||||
| Total Assets | 382.33B | 382.33B | 367.88B | 271.92B | 271.89B | 272.35B |
| Cash, Cash Equivalents and Short-Term Investments | 38.41B | 38.41B | 29.48B | 25.16B | 25.64B | 30.22B |
| Total Debt | 65.43B | 65.43B | 54.24B | 54.89B | 61.17B | 72.07B |
| Total Liabilities | 363.22B | 363.22B | 347.39B | 254.23B | 256.32B | 257.99B |
| Stockholders Equity | 18.91B | 18.91B | 19.72B | 17.69B | 16.91B | 15.70B |
Cash Flow | ||||||
| Free Cash Flow | -20.59B | 3.48B | -8.31B | 7.08B | 1.80B | 1.07B |
| Operating Cash Flow | -20.50B | 3.90B | -7.91B | 7.17B | 2.14B | 1.35B |
| Investing Cash Flow | 13.28B | 2.33B | 10.77B | 792.00M | -4.21B | -4.96B |
| Financing Cash Flow | 15.57B | 2.12B | 1.44B | -9.31B | -2.79B | 16.72B |
Nationwide Building Society Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:NBS, the sentiment is Negative. The current price of 12450.00 is below the 20-day moving average (MA) of 12495.00, below the 50-day MA of 12599.00, and below the 200-day MA of 12886.75, indicating a bearish trend. The MACD of -36.59 indicates Negative momentum. The RSI at 0.78 is Positive, neither overbought nor oversold. The STOCH value of 16.19 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:NBS.
Nationwide Building Society Peers Comparison
Overall Rating
GB:LRE79Outperform
GB:LLOY76Outperform
GB:PAG74Outperform
GB:ARBB70.25Outperform
GB:MTRO68Neutral- GB:NBS67.2Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| GB:LRE | 79Outperform | GBP 1.57B | 6.73 | 21.73% | 15.64% | -1.60% | 36.00% |
| GB:LLOY | 76Outperform | GBP 56.06B | 10.08 | 13.09% | 4.07% | -1.77% | 70.96% |
| GB:PAG | 74Outperform | GBP 1.36B | 8.19 | 11.98% | 6.03% | -6.82% | -7.03% |
| GB:ARBB | 70Outperform | GBP 141.63M | 7.35 | 6.84% | 6.40% | -6.35% | 16.23% |
| GB:MTRO | 68Neutral | GBP 1.32B | 23.78 | 7.00% | ― | 0.76% | -49.33% |
| Sector * | 68Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% |
| GB:NBS | 67Neutral | GBP 1.31B | 1.07 | 5.68% | ― | 7.19% | -54.08% |
* Financial Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| GB:NBS | Nationwide Building Society | 12450.00 | -600.00 | -4.60% | |
| GB:ARBB | Arbuthnot Banking | 860.00 | 19.55 | 2.33% | |
| GB:LRE | Lancashire Holdings | 652.00 | 154.71 | 31.11% | |
| GB:LLOY | Lloyds Banking | 98.60 | 11.12 | 12.71% | |
| GB:MTRO | Metro Bank | 189.80 | 82.00 | 76.07% | |
| GB:PAG | Paragon Banking | 753.50 | -19.94 | -2.58% |
Nationwide Building Society Corporate Events
Nationwide Issues NOK 380m Senior Notes Under European Programme
PositiveNationwide Building Society has published the final terms for a NOK 380 million 5.150 per cent fixed rate senior preferred note issue maturing in September 2036 under its U.S.$35 billion European Note Programme. The documentation, now available via t...
Nationwide appoints tech-focused banking veteran Simon McNamara to its boards
PositiveNationwide Building Society has appointed veteran financial services executive Simon McNamara as a non-executive director to the boards of Nationwide, Virgin Money and Clydesdale Bank, effective 1 September 2026. McNamara, currently a non-executive d...
Nationwide Lists €40m Covered Bond on London Stock Exchange
PositiveNationwide Building Society has issued a €40 million 3.81% regulated covered bond, Series 2026-07, due in August 2051, which has been admitted to trading on the main market of the London Stock Exchange. The bond forms part of the society’s €45 billio...
Nationwide Lists New EUR 50m Covered Bond on London Stock Exchange
PositiveNationwide Building Society has admitted a new EUR 50 million regulated covered bond issue to trading on the main market of the London Stock Exchange. The Series 2026-06 covered bonds carry a 3.881 per cent coupon and mature on 20 August 2046, expand...
Nationwide Lists New €150m Covered Bond on London Stock Exchange
PositiveNationwide Building Society has admitted a new series of covered bonds to trading on the main market of the London Stock Exchange. The issuance, a €150 million 3.812% Regulated Covered Bond due August 2043, forms part of the Society’s €45 billion Glo...
Nationwide Publishes Terms for New Long-Dated Regulated Covered Bond
PositiveNationwide Building Society has published the final terms for a new issue of regulated covered bonds under its €45 billion Global Covered Bond Programme, highlighting its ongoing use of secured wholesale funding backed by mortgage assets through Nati...
Nationwide Sets Final Terms for €50m 2046 Covered Bond
PositiveNationwide Building Society has published the final terms for a €50,000,000 fixed-rate regulated covered bond, issued as Series 2026-06 under its €45,000,000,000 Global Covered Bond Programme and maturing in August 2046. The bond, carrying a 3.881 pe...
Nationwide Raises £100m Through Core Capital Deferred Shares Re-sale
PositiveNationwide Building Society has priced a re-sale of 793,651 previously repurchased Core Capital Deferred Shares, generating aggregate re-sale proceeds of £100 million, excluding potential future distribution amounts. The CCDS will be sold at £126 per...
Nationwide Sets Final Terms for €150m Covered Bond Issue
PositiveNationwide Building Society has published the final terms for a new issuance of €150 million fixed rate regulated covered bonds due August 2043 under its €45 billion Global Covered Bond Programme. The bonds, carrying a 3.812% coupon, are guaranteed a...
Nationwide to Re-Sell Up to £100m of Core Capital Deferred Shares
PositiveNationwide Building Society plans to re-sell up to £100 million of Core Capital Deferred Shares previously repurchased under its open market repurchase facility, subject to market conditions. The transaction, arranged via a bookbuild led by BofA Secu...
Nationwide to Redeem £400m Senior Non-Preferred Notes Ahead of 2027 Maturity
NeutralNationwide Building Society has announced that it will redeem in full its £400 million 4.00 per cent fixed rate reset senior non-preferred notes due 2027 on 3 September 2026, after satisfying all contractual preconditions for early redemption under t...
Nationwide Updates $35bn European Note Programme Prospectus
PositiveNationwide Building Society has published an updated Base Prospectus for its U.S.$35,000,000,000 European Note Programme, following approval by the UK Financial Conduct Authority. The document outlines the terms under which Nationwide may issue notes...
Nationwide Updates €45bn Global Covered Bond Programme Prospectus
PositiveNationwide Building Society has published a new supplement to its prospectus for the €45 billion Global Covered Bond Programme, following approval by the Financial Conduct Authority. The document updates the June 12, 2026 prospectus and is now availa...
Nationwide Members Back Board and Strategy at High-Engagement 2026 AGM
PositiveNationwide Building Society reported strong member support at its 2026 online AGM, with overwhelming approval for the directors’ report, financial statements, remuneration report and the reappointment of Ernst & Young as auditor. All directors standi...
Nationwide Lists $750 Million Senior Non-Preferred Notes on LSE
PositiveNationwide Building Society has admitted U.S.$750 million of fixed-to-floating rate senior non-preferred notes due July 2037 to trading on the main market of the London Stock Exchange. The issuance forms part of its U.S.$30 billion Global Medium Term...
Nationwide Lists $1bn Senior Non-Preferred Notes on LSE
PositiveNationwide Building Society has issued U.S.$1bn of fixed-to-floating rate senior non-preferred notes due July 2032, which have been admitted to trading on the main market of the London Stock Exchange. The notes form part of the society’s U.S.$30bn gl...
Nationwide Issues $750 Million Senior Non-Preferred Notes Under Global MTN Programme
PositiveNationwide Building Society has published the final terms for a new U.S.$750 million issue of fixed-to-floating rate senior non-preferred notes due July 2037 under its U.S.$30 billion Global Medium Term Note Programme. The documentation has been made...
Nationwide Issues $1 Billion Senior Non-Preferred Notes Under Global MTN Programme
PositiveNationwide Building Society has published the final terms for a new issuance of U.S.$1,000,000,000 Fixed-to-Floating Rate Senior Non-Preferred Notes due July 2032, under its U.S.$30,000,000,000 Global Medium Term Note Programme. The documentation has...
Nationwide Wins Holder Approval to Fold Legacy Clydesdale Bonds Into €45bn Programme
PositiveNationwide Building Society has announced the results of a meeting of holders of several Legacy Clydesdale Covered Bonds, spanning euro and sterling series maturing between 2026 and 2028. These bonds, with an aggregate principal in the billions, are...
Nationwide Publishes 2026 Financial Report for Covered Bonds LLP
PositiveNationwide Building Society has announced the publication of the Annual Report and Financial Statements for Nationwide Covered Bonds LLP for the year ended 31 March 2026. The documents have been submitted to the UK’s National Storage Mechanism and wi...
Nationwide Lists HKD 206m Senior Notes on London Stock Exchange
PositiveNationwide Building Society has admitted a new tranche of wholesale funding to trading on the London Stock Exchange’s main market, issuing HKD 206 million of 4.248% senior preferred notes maturing in June 2036. The issuance forms part of the society’...
Nationwide Issues HKD 206 Million Senior Preferred Notes Under European Programme
PositiveNationwide Building Society has published the final terms for a new issue of HKD 206 million senior preferred notes, carrying a 4.248% coupon and maturing in June 2036, under its US$35 billion European Note Programme. The documentation has been made...
Nationwide Lists NOK 410m Senior Notes on London Stock Exchange
PositiveNationwide Building Society has admitted NOK 410 million of 4.980% Senior Preferred Notes due June 2036 to trading on the main market of the London Stock Exchange, issued under its US$35 billion European Note Programme. The notes’ listing enhances Na...
Nationwide Issues NOK 410 Million Senior Preferred Notes Due 2036
PositiveNationwide Building Society has published the final terms for a new NOK 410,000,000 issuance of 4.980 per cent senior preferred notes due June 2036 under its U.S.$35,000,000,000 European Note Programme. The documentation has been made available via t...
Nationwide Lists NOK 1 Billion Senior Notes on LSE
PositiveNationwide Building Society has listed NOK 1 billion of 4.935% Senior Preferred Notes due June 2038 on the main market of the London Stock Exchange. The notes form part of the society’s $35 billion European Note Programme, offering institutional inve...
Nationwide Issues NOK 1 Billion Senior Preferred Notes Under EMTN Programme
PositiveNationwide Building Society has issued NOK 1,000,000,000 of 4.935% Senior Preferred Notes due June 2038 under its U.S.$35,000,000,000 European Note Programme. The issuance, documented in newly published Final Terms, underscores Nationwide’s ongoing u...
Nationwide Seeks Investor Consent to Fold Legacy Clydesdale Bonds Into Global Programme
NeutralNationwide Building Society has called a meeting of holders of several series of Legacy Clydesdale regulated covered bonds, denominated in euros and sterling and maturing between 2026 and 2028, to seek consent for their transfer into its €45 billion...
Nationwide Updates Supplement to $35bn European Note Programme
PositiveNationwide Building Society has published a new supplement to its base prospectus for the U.S.$35 billion European Note Programme, which has been approved by the Financial Conduct Authority. The document updates the existing prospectus first issued i...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Sep 13, 2026