Global Banks Undervalued over 20% based on DCF

Kreditbanken

Market Cap: DKK 1.5b

Provides various banking products and services to private and business customers in Denmark.

First Farmers and Merchants

Market Cap: US$231.2m

Operates as the bank holding company for First Farmers and Merchants Bank that provides a range of banking and financial services to individual and corporate customers in Middle Tennessee and Northern Alabama.

Peoples Bancorp of North Carolina

Market Cap: US$230.8m

Operates as the bank holding company for Peoples Bank that provides various banking products and services for individuals and small-to medium-sized businesses in the North Carolina, United States.

Community Bancorp

Market Cap: US$228.5m

Operates as the bank holding company for Community National Bank that provides various financial services to individuals, businesses, nonprofit organizations, and municipalities in northern and central Vermont.

Fynske Bank

Market Cap: DKK 1.5b

Provides banking products and services for private customers, and small and medium-sized businesses in Denmark.

Malaga Financial

Market Cap: US$221.1m

Operates as the holding company for Malaga Bank that provides various community banking products and services to personal and business customers in the United States.

CF Bankshares

Market Cap: US$216.1m

Operates as the bank holding company for CFBank, National Association that provides various banking products and services.

QNB

Market Cap: US$215.3m

Operates as the bank holding company for QNB Bank that engages in the provision of commercial and retail banking products, and retail brokerage services in the United States.

Citizens Bancorp Investment

Market Cap: US$212.0m

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

PB Financial

Market Cap: US$211.5m

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

First Ottawa Bancshares

Market Cap: US$208.9m

Operates as the bank holding company for American Commercial Bank & Trust, National Association that provides a range of banking and financial services to individual and corporate customers in Yorkville, Streator, Schaumburg, Ottawa, Morris, Lisle, Chicago, and Joliet, Illinois.

Oakworth Capital

Market Cap: US$201.8m

Operates as a bank holding company for Oakworth Capital Bank that provides range of banking services in the United States.

Khaleeji Bank B.S.C

Market Cap: ب.د75.8m

Provides various banking products and services to high-net-worth individuals, families, and corporations in the Kingdom of Bahrain.

Honat Bancorp

Market Cap: US$199.2m

Operates as a holding company for The Honesdale National Bank that provides banking services in the United States.

FS Bancorp

Market Cap: US$197.2m

Operates as the holding company for Farmers State Bank that provides banking products and services to individuals and business customers in Indiana and Michigan.

FinWise Bancorp

Market Cap: US$193.1m

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

CSB Bancorp

Market Cap: US$190.5m

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.

CB Financial Services

Market Cap: US$186.7m

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

United Bancorporation of Alabama

Market Cap: US$182.5m

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

Benchmark Bankshares

Market Cap: US$182.5m

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$181.7m

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.

Summit Bank Group

Market Cap: US$177.3m

Summit Bank Group, Inc., together with its subsidiaries, commercial banking, financing, real estate lending, and other services in Lane, Deschutes, Multnomah, and Washington counties in Oregon.

Calvin B. Taylor Bankshares

Market Cap: US$177.3m

Operates as the holding company for Calvin B.

MainStreet Bancshares

Market Cap: US$170.5m

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.

Embassy Bancorp

Market Cap: US$167.2m

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$165.4m

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.

Sparebanken Øst

Market Cap: NOK 1.5b

Operates as a savings bank in eastern Norway.

Skyline Bankshares

Market Cap: US$150.6m

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.

Lollands Bank

Market Cap: DKK 976.3m

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

Southern Michigan Bancorp

Market Cap: US$148.2m

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.

Dimeco

Market Cap: US$142.6m

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

Banca Sistema

Market Cap: €123.0m

Provides various business and retail banking products and services in Italy.

Trust Bank

Market Cap: ৳16.6b

Provides various banking services in Bangladesh.

blueharbor bank

Market Cap: US$129.7m

Provides various banking products and services in North Carolina.

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.

Coastal Carolina Bancshares

Market Cap: US$126.4m

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