U.S. Banks Undervalued based on future growth

Pinnacle Financial Partners

Market Cap: US$15.1b

Operates as the bank holding company for Pinnacle Bank that provides various banking products and services to individuals, businesses, and professional entities in the United States.

Old National Bancorp

Market Cap: US$10.1b

Operates as the bank holding company for Old National Bank that provides consumer and commercial banking services in the United States.

Western Alliance Bancorporation

Market Cap: US$8.6b

Operates as the bank holding company for Western Alliance Bank that provides various banking products and related services primarily in Arizona, California, and Nevada.

Prosperity Bancshares

Market Cap: US$7.2b

Operates as bank holding company for the Prosperity Bank that provides financial products and services to businesses and consumers.

Hancock Whitney

Market Cap: US$6.1b

Operates as the financial holding company for Hancock Whitney Bank that provides traditional and online banking services to commercial, small business, and retail customers in the United States.

Independent Bank

Market Cap: US$4.0b

Operates as the bank holding company for Rockland Trust Company that provides commercial banking products and services to individuals and small-to-medium sized businesses in the United States.

CVB Financial

Market Cap: US$3.9b

Operates as bank holding company for Citizens Business Bank, National Association, a state-chartered bank that provides banking and financial services to small to mid-sized businesses and individuals.

Renasant

Market Cap: US$3.9b

Operates as a bank holding company for Renasant Bank that provides a range of financial, wealth management, and fiduciary services to retail and commercial customers.

First Interstate BancSystem

Market Cap: US$3.8b

Operates as a bank holding company for First Interstate Bank that provides a range of banking products and services in the United States.

Nicolet Bankshares

Market Cap: US$3.5b

Operates as the bank holding company for Nicolet National Bank that provides banking products and services for businesses and individuals in Wisconsin, Michigan, and Minnesota.

TowneBank

Market Cap: US$3.2b

Provides retail and commercial banking services for individuals, commercial enterprises, and professionals in the United States.

Banc of California

Market Cap: US$3.2b

Operates as the bank holding company for Banc of California that provides banking and treasury management services in the United States.

Seacoast Banking Corporation of Florida

Market Cap: US$3.1b

Operates as the bank holding company for Seacoast National Bank that provides integrated financial services to retail and commercial customers in Florida.

FB Financial

Market Cap: US$2.9b

Operates as a bank holding company for FirstBank that provides a suite of commercial and consumer banking services.

Bancorp

Market Cap: US$2.8b

Operates as the financial holding company for The Bancorp Bank, National Association that provides banking products and services in the United States.

First Merchants

Market Cap: US$2.7b

Operates as the financial holding company for First Merchants Bank that provides commercial and consumer banking services.

Beacon Financial

Market Cap: US$2.5b

Operates as the bank holding company for Beacon Bank & Trust that provides various banking services in the United States and internationally.

Inter & Co

Market Cap: US$2.5b

Through its subsidiaries, engages in the banking and spending, investments, insurance brokerage, and inter shop businesses in Brazil and the United States.

Bank of N.T. Butterfield & Son

Market Cap: US$2.4b

Provides a range of community, commercial, and private banking services to individuals and small to medium-sized businesses.

Customers Bancorp

Market Cap: US$2.3b

Operates as the bank holding company for Customers Bank that provides banking products and services.

Columbia Financial

Market Cap: US$2.2b

Operates as a bank holding company for Columbia Bank that provides banking and other financial services to businesses and consumers in the United States.

Northwest Bancshares

Market Cap: US$2.2b

Operates as the bank holding company for Northwest Bank, a state-chartered savings bank that provides personal and commercial banking solutions in Pennsylvania, New York, Ohio, and Indiana in the United States.

National Bank Holdings

Market Cap: US$2.0b

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.

Live Oak Bancshares

Market Cap: US$1.9b

Operates as the bank holding company for Live Oak Banking Company that provides various banking products and services in the United States.

OceanFirst Financial

Market Cap: US$1.8b

Operates as the bank holding company for OceanFirst Bank N.A.

FirstSun Capital Bancorp

Market Cap: US$1.8b

Operates as the bank holding company for Sunflower Bank, National Association that provides commercial and consumer banking and financial services to small and medium-sized companies in the United States.

Dime Commercial Bancshares

Market Cap: US$1.8b

Operates as the holding company for Dime Community Bank that engages in the provision of various commercial banking and financial services in the United Stated.

Hope Bancorp

Market Cap: US$1.7b

Operates as the bank holding company for Bank of Hope that provides retail and commercial banking services for businesses and individuals in the United States.

Bank First

Market Cap: US$1.6b

Operates as a holding company for Bank First, N.A.

ConnectOne Bancorp

Market Cap: US$1.6b

Operates as the bank holding company for ConnectOne Bank that provides commercial banking products and services for small and mid-sized businesses, local professionals, and individuals in the United States.

Origin Bancorp

Market Cap: US$1.6b

Operates as a bank holding company for Origin Bank that provides banking and financial services to small and medium-sized businesses, municipalities, and retail clients in Texas, Louisiana, Alabama, and Mississippi.

Burke & Herbert Financial Services

Market Cap: US$1.4b

Operates as the bank holding company for Burke & Herbert Bank & Trust Company that provides various community banking products and services in the United States.

First Mid Bancshares

Market Cap: US$1.3b

A financial holding company, provides community banking products and services to commercial, retail, and agricultural customers in the United States.

Metropolitan Bank Holding

Market Cap: US$1.2b

Operates as the bank holding company for Metropolitan Commercial Bank that provides a range of business, commercial, and retail banking products and services.

Heritage Financial

Market Cap: US$1.2b

Operates as the bank holding company for Heritage Bank that provides various financial services to small and medium sized businesses and its owners in the United States.

Coastal Financial

Market Cap: US$1.2b

Operates as the bank holding company for Coastal Community Bank that provides various banking products and services to consumers and small and medium-sized businesses in the Puget Sound region in Washington.