Global Banks Undervalued over 20% based on DCF

FinWise Bancorp

Market Cap: US$193.0m

Operates as the bank holding company for FinWise Bank that provides various banking products and services to individual and corporate customers in Utah.

CB Financial Services

Market Cap: US$192.0m

Operates as the bank holding company for Community Bank that provides banking products and services for individuals and businesses.

CSB Bancorp

Market Cap: US$191.7m

Operates as the bank holding company for The Commercial and Savings Bank of Millersburg that provides various banking, trust, financial, and brokerage services to corporate, institutional, and individual customers in Northeast Ohio.

Benchmark Bankshares

Market Cap: US$191.4m

Operates as the holding company for Benchmark Community Bank that provides various banking products and services in the United States.

Lyons Bancorp

Market Cap: US$185.2m

Operates as a financial holding company for The Lyons National Bank that provides a range of commercial and retail banking services to individual and small business customers.

United Bancorporation of Alabama

Market Cap: US$183.3m

Operates as the bank holding company for United Bank that provides banking services in the United States.

Embassy Bancorp

Market Cap: US$166.6m

Operates as the bank holding company for Embassy Bank for the Lehigh Valley that provides banking and financial products and services in Pennsylvania.

ENB Financial

Market Cap: US$165.3m

Operates as the bank holding company for Ephrata National Bank that provides various financial services to individuals and small-to-medium-sized businesses in the United States.

MainStreet Bancshares

Market Cap: US$160.5m

Operates as the bank holding company for MainStreet Bank that provides various banking products and services for individuals, small to medium-sized businesses, and professional service organizations.

Sparebanken Øst

Market Cap: NOK 1.5b

Operates as a savings bank in eastern Norway.

Calvin B. Taylor Bankshares

Market Cap: US$153.2m

Operates as the holding company for Calvin B.

Dimeco

Market Cap: US$152.7m

Operates as the bank holding company for The Dime Bank that provides banking products and services to individuals and businesses in Pennsylvania.

Taiko Bank

Market Cap: JP¥24.6b

Provides various banking products and services in Japan.

Skyline Bankshares

Market Cap: US$149.5m

Operates as the bank holding company for the Skyline National Bank that provides a range of retail and commercial banking services to individuals, and small and medium-sized businesses in the United States.

Southern Michigan Bancorp

Market Cap: US$148.3m

Operates as the bank holding company for Southern Michigan Bank & Trust that provides a range of commercial banking services to individuals, businesses, institutions, and government agencies primarily in the southwest and south-central Michigan communities.

Lollands Bank

Market Cap: DKK 954.7m

Operates as a full-service bank providing financial services to private individuals and commercial customers in Denmark.

Trust Bank

Market Cap: ৳16.3b

Provides various banking services in Bangladesh.

Century Next Financial

Market Cap: US$131.1m

Operates as the holding company for the Century Next Bank that provides various banking products and services in Louisiana and Arkansas.

Pinnacle Bankshares

Market Cap: US$129.4m

Operates as a bank holding company for First National Bank that provides commercial and retail banking products and services in the United States.

CW Bancorp

Market Cap: US$128.9m

Operates as a holding company for CommerceWest Bank that provides various commercial banking products and services for small and mid-sized businesses in California.

blueharbor bank

Market Cap: US$128.8m

Provides various banking products and services in North Carolina.

Coastal Carolina Bancshares

Market Cap: US$127.8m

Provides banking services to domestic markets, principally in Horry County, Richland County, Aiken County, Greenville County, Spartanburg County, and Orangeburg County, South Carolina.

Lea Bank

Market Cap: SEK 1.2b

Provides various banking products and services in Norway, Sweden, Finland, and Spain.

Mountain Pacific Bancorp

Market Cap: US$125.7m

A bank holding company, provides various banking services to individual and corporate customers.

Cornerstone Bancorp

Market Cap: US$118.2m

Operates as the bank holding company for Cornerstone National Bank & Trust Company that provides various financial products and services to individuals and businesses.

Jeffersonville Bancorp

Market Cap: US$117.1m

Operates as the bank holding company for Jeff Bank that provides community banking products and services to individuals, small businesses, and local municipal governments primarily in Sullivan County, New York.

University Bancorp

Market Cap: US$115.0m

Operates as the bank holding company for University Bank that provides community banking products and services in the United States.

Tomato Bank

Market Cap: JP¥18.7b

Provides banking products and services for individual and corporate customers in Japan.

Katahdin Bankshares

Market Cap: US$114.2m

Operates as the bank holding company for Katahdin Trust Company, a state-chartered commercial bank that provides various commercial and retail banking services for individuals and businesses in Maine.

Harleysville Financial

Market Cap: US$110.7m

Operates as the bank holding company for Harleysville Bank that provides banking products and services in Pennsylvania.

Bank of Botetourt

Market Cap: US$108.6m

Provides various banking products and services in Virginia.

Voss Veksel- og Landmandsbank

Market Cap: NOK 1.0b

Provides banking and insurance services to private individuals, business, and agriculture in Norway.

Trinity Bank N.A

Market Cap: US$104.9m

Provides personal and business banking products and services in Texas.

United Bancshares

Market Cap: US$104.4m

Operates as the bank holding company for The Union Bank Company that provides various commercial and consumer banking services.

Peoples Financial

Market Cap: US$103.9m

Operates as the bank holding company for The Peoples Bank that provides banking, financial, and trust services in the United States.

Peoples

Market Cap: US$103.7m

Operates as the holding company for PS Bank that provides various financial services to individuals, small businesses, and corporate customers in Pennsylvania, the United States.