U.S. Banks Undervalued over 20% based on DCF

Bank of America

Market Cap: US$339.6b

Through its subsidiaries, provides various financial products and services for individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments worldwide.

Wells Fargo

Market Cap: US$249.8b

A financial services company, provides diversified banking, investment, mortgage, and consumer and commercial finance products and services in the United States and internationally.

Citigroup

Market Cap: US$169.5b

A diversified financial service holding company, provides various financial product and services to consumers, corporations, governments, and institutions.

PNC Financial Services Group

Market Cap: US$74.5b

Operates as a diversified financial services company in the United States.

U.S. Bancorp

Market Cap: US$69.2b

A financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities, and other financial institutions in the United States.

Truist Financial

Market Cap: US$56.0b

A financial services company, provides banking and trust services in the Southeastern and Mid-Atlantic United States.

M&T Bank

Market Cap: US$29.4b

Operates as a bank holding company for Manufacturers and Traders Trust Company and Wilmington Trust, National Association that provides retail and commercial banking products and services in the United States.

Fifth Third Bancorp

Market Cap: US$27.7b

Operates as the bank holding company for Fifth Third Bank, National Association that engages in the provision of a range of financial products and services in the United States.

First Citizens BancShares

Market Cap: US$24.4b

Operates as the holding company for First-Citizens Bank & Trust Company that provides retail and commercial banking services to individuals, businesses, and professionals in the United States and internationally.

Huntington Bancshares

Market Cap: US$23.8b

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

Citizens Financial Group

Market Cap: US$20.5b

Operates as the bank holding company that provides retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations, and institutions in the United States.

KeyCorp

Market Cap: US$19.8b

Operates as the holding company for KeyBank National Association that provides various retail and commercial banking products and services in the United States.

Credicorp

Market Cap: US$19.3b

Provides various financial, insurance, and health services and products in Peru and internationally.

First Horizon

Market Cap: US$11.0b

Operates as the bank holding company for First Horizon Bank that provides various financial services.

SouthState

Market Cap: US$9.5b

Operates as the bank holding company for SouthState Bank, National Association that provides a range of banking services and products to individuals and companies in the United States.

Comerica

Market Cap: US$8.7b

Provides financial services in the United States, Canada, and Mexico.

Western Alliance Bancorporation

Market Cap: US$8.4b

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

Wintrust Financial

Market Cap: US$8.4b

A financial holding company, provides community-oriented, personal, and commercial banking services in the United States.

Old National Bancorp

Market Cap: US$8.1b

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

Commerce Bancshares

Market Cap: US$8.1b

Operates as the bank holding company for Commerce Bank that provides retail, mortgage banking, corporate, investment, trust, and asset management products and services to individuals and businesses in the United States.

Pinnacle Financial Partners

Market Cap: US$6.7b

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.

Cadence Bank

Market Cap: US$6.5b

Provides commercial banking and financial services in the United States.

BOK Financial

Market Cap: US$6.4b

Operates as the financial holding company for BOKF, NA that provides various financial products and services in Oklahoma, Texas, New Mexico, Northwest Arkansas, Colorado, Arizona, and Kansas/Missouri.

Prosperity Bancshares

Market Cap: US$6.3b

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

Home Bancshares (Conway AR)

Market Cap: US$5.5b

Operates as the bank holding company for Centennial Bank that provides commercial and retail banking, and related financial services to businesses, real estate developers and investors, individuals, and municipalities in the United States.

F.N.B

Market Cap: US$5.4b

A bank and financial holding company, provides a range of financial products and services primarily to consumers, corporations, governments, and small- to medium-sized businesses in the United States.

Valley National Bancorp

Market Cap: US$5.2b

Operates as the holding company for Valley National Bank that provides various commercial, private banking, retail, insurance, and wealth management financial services products.

United Bankshares

Market Cap: US$5.1b

Through its subsidiaries, provides commercial and retail banking products and services in the United States.

Ameris Bancorp

Market Cap: US$4.6b

Operates as the bank holding company for Ameris Bank that provides range of banking services to retail and commercial customers.

Atlantic Union Bankshares

Market Cap: US$4.4b

Operates as the bank holding company for Atlantic Union Bank that provides banking and related financial products and services to consumers and businesses in the United States.

ServisFirst Bancshares

Market Cap: US$4.3b

Operates as the bank holding company for ServisFirst Bank that provides various banking services to individual and corporate customers.

BancFirst

Market Cap: US$4.1b

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

Associated Banc-Corp

Market Cap: US$4.0b

A bank holding company, provides various banking and nonbanking products and services to individuals and businesses in Wisconsin, Illinois, Missouri, and Minnesota.

Texas Capital Bancshares

Market Cap: US$3.7b

Operates as the bank holding company for Texas Capital Bank, is a full-service financial services firm that delivers customized solutions to businesses, entrepreneurs, and individual customers.

United Community Banks

Market Cap: US$3.7b

Operates as the bank holding company for United Community Bank that provides financial products and services to commercial, retail, government, education, energy, health care, and real estate sectors in the United States.

Renasant

Market Cap: US$3.4b

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