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AllianceBernstein National Municipal Income Fund(NYSE) AFB

Market Cap$313.32MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (2002)+184%
5 Year-10%
1 Year+11%
1 Month+0%
$10.89
-0.09%
-0.01Today
After hours$10.89-$0.01 (-0.05%)
AllianceBernstein National Municipal Income Fund last closing stock price
MetricPriceDate
Last closeUSD 10.902026-08-28
AllianceBernstein National Municipal Income Fund stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week-0.09%USD 10.912026-08-21
1 month+0%USD 10.902026-07-29
3 month-1.01%USD 11.012026-05-29
Year to date+4.47%USD 10.432025-12-31
1 year+10.98%USD 9.822025-08-28
3 year+20.64%USD 9.042023-08-29
5 year-10.25%USD 12.142021-08-27
Since inception+183.9%USD 3.842002-01-29

AllianceBernstein National Municipal Income Fund Financials at a Glance

Market Cap

$313.32MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$44.97M

Net Income (TTM)

$23.39M

EPS (TTM)

$0.81

P/E Ratio

13.46

Dividend

$0.59

Beta (Volatility)

0.17 (Low)

Price

$10.89

Volume

54,486.972

Open

$10.89

Previous Close

$10.90

Daily Range

$10.86 - $10.93

52-Week Range

$10.29 - $11.50

Estimated Earnings Date

Jun 26, 2026

AFB News

No articles available.

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About AllianceBernstein National Municipal Income Fund

AllianceBernstein National Municipal Income Fund is a closed-ended fixed income mutual fund managed by AllianceBernstein L.P. The fund primarily invests in investment-grade municipal securities, providing tax-exempt income to investors.

Products and Services
  • Investment in U.S. municipal securities
  • Focus on investment-grade bonds rated Baa/BBB or higher
  • Utilizes quantitative and fundamental analysis for portfolio management
Growth Outlook
  • Recent quarterly revenue reached $13.58 million, indicating strong performance
  • Trailing twelve months (TTM) net income shows a positive trend at $3.16 million
  • Dividend yield TTM stands at 5.45%, appealing for income-focused investors
Financial Highlights
  • Market capitalization of approximately $313.61 million
  • Price-to-earnings (P/E) ratio at 13.47, suggesting reasonable valuation
  • Quarterly net income margin of 23.3%, reflecting operational efficiency
AllianceBernstein National Municipal Income Fund offers a strategic approach to investing in municipal securities, appealing to those seeking tax-exempt income. The fund's focus on investment-grade bonds and its analytical investment strategy position it well in the fixed income market. Recent financial performance indicates a solid revenue stream and a favorable dividend yield, making it an attractive option for income-oriented investors. The fund's operational efficiency is highlighted by its net income margin, which reflects effective management practices. Overall, the fund presents a compelling opportunity for those interested in fixed income investments.
AI Generated • Aug 23, 2026

Industry

Capital Markets

Sector

Financials

CEO

Onur Erzan, MBA

Headquarters

Nashville, TN 37203, US

AFB Financials

Key Financial Metrics (TTM)

Gross Margin

-13.70%

Operating Margin

-26.87%

Net Income Margin

125.66%

Return on Equity

6.69%

Return on Capital

0.59%

Return on Assets

4.03%

Earnings Yield

7.43%

Dividend Yield

5.46%

Payout Ratio

68.24%

Stock Overview

Market Cap

$313.32MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

28.74M

Volume

54.49K

Avg. Volume

79.06K

Financials (TTM)

Gross Profit

$23.90M

Operating Income

$17.94M

EBITDA

$46.20M

Operating Cash Flow

$38.95M

Capital Expenditure

$9.00

Free Cash Flow

$38.95M

Cash & ST Invst.

$2.41M

Total Debt

$232.14M

AllianceBernstein National Municipal Income Fund Performance Analysis

AllianceBernstein National Municipal Income Fund annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-10-31USD 21,527,289-16.7%
20232023-10-31USD 4,895,838-77.3%
20242024-10-31USD 17,675,744261.0%
20252025-10-31USD 14,499,412-18.0%
AllianceBernstein National Municipal Income Fund sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q42024-10-312.1%
Q22025-04-300.5%
Q42025-10-31-62.7%
Q22026-04-30174.6%
AllianceBernstein National Municipal Income Fund annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-10-31USD -3.39N/A
20232023-10-31USD -0.04-98.8%
20242024-10-31USD 2.13N/A
20252025-10-31USD 0.12-94.4%
AllianceBernstein National Municipal Income Fund sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q42024-10-31-62.6%
Q22025-04-30-200.0%
Q42025-10-31220.7%
Q22026-04-30-84.3%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q2 2026YOY CHG

Revenue

$13.58M

+5.2%

Gross Profit

$8.53M

+778.8%

Gross Margin

62.83%

N/A

Market Cap

$313.32MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

N/A

N/A

Employees

N/A

N/A

Net Income

$3.16M

-92.9%

EBITDA

$3.16M

-71.5%

Quarterly Fundamentals

Name
Q2 2026YOY CHG

Total Cash

$2.41M

+5609432.6%

Total Debt

$232.14M

+0.1%

Accounts Receivable

$7.48M

-19.6%

Inventory

$0.00

N/A

Long Term Debt

$232.14M

+0.1%

Short Term Debt

$132.13M

N/A

Return on Assets

4.03%

N/A

Return on Invested Capital

-1.12%

N/A

Free Cash Flow

$4.46M

-20.3%

Operating Cash Flow

$4.46M

-20.3%

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Questions About AFB

What is the current price of AllianceBernstein National Municipal Income Fund?

AllianceBernstein National Municipal Income Fund is trading at $10.90 per share.

What is the 52-week range for AllianceBernstein National Municipal Income Fund?

Over the past 52 weeks, AllianceBernstein National Municipal Income Fund has traded between $10.29 and $11.50.

How much debt does AllianceBernstein National Municipal Income Fund have?

As of the most recent reporting period, AllianceBernstein National Municipal Income Fund reported total debt of $231.97M.

How much cash does AllianceBernstein National Municipal Income Fund have on hand?

AllianceBernstein National Municipal Income Fund reported $472.00 in cash and cash equivalents in its most recent financial results.

What is AllianceBernstein National Municipal Income Fund’s dividend yield?

AllianceBernstein National Municipal Income Fund currently has a dividend yield of 5.46%.

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