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

HomeTrust Bancshares

Market Cap: US$772.4m

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

Third Coast Bancshares

Market Cap: US$757.6m

Operates as the bank holding company for Third Coast Bank that provides various commercial banking solutions to small and medium-sized businesses and professionals in Texas, the United States.

Coastal Financial

Market Cap: US$707.4m

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.

California BanCorp

Market Cap: US$686.7m

Operates as the bank holding company for California Bank of Commerce, N.A.

Red River Bancshares

Market Cap: US$668.7m

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

Thomasville Bancshares

Market Cap: US$665.5m

Operates as the bank holding company for Thomasville National Bank that provides a range of banking services to individual and corporate customers primarily in Thomas and Glynn counties, Georgia, Leon County, Florida, and the surrounding counties.

Bar Harbor Bankshares

Market Cap: US$664.8m

Operates as the holding company for Bar Harbor Bank & Trust that provides banking and nonbanking products and services primarily to consumers and businesses.

ACNB

Market Cap: US$655.5m

A financial holding company, offers banking, insurance, and financial services to individual, business, and government customers in the United States.

American Business Bank

Market Cap: US$646.4m

A California-chartered bank, provides banking products and services to small and medium-sized firms, non-profits, business executives, and professionals in Southern California.

Northpointe Bancshares

Market Cap: US$595.2m

Operates as the bank holding company for Northpointe Bank provides various banking products and services in the United States.

Capital Bancorp

Market Cap: US$595.1m

Operates as the bank holding company for Capital Bank, N.A., provides various banking products and services to businesses, not-for-profit associations, and entrepreneurs in the United States.

First Business Financial Services

Market Cap: US$574.8m

Operates as the bank holding company for First Business Bank that provides commercial banking products and services for small and medium-sized businesses, business owners, executives, professionals, and high net worth individuals in Wisconsin, Kansas, and Missouri.

Civista Bancshares

Market Cap: US$573.9m

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

Northrim BanCorp

Market Cap: US$573.9m

Operates as the bank holding company for Northrim Bank that provides commercial banking products and services to businesses and professional individuals.

West Coast Community Bancorp

Market Cap: US$556.2m

Operates as the bank holding company for Santa Cruz County Bank that provides a range of commercial and personal banking services to residents and businesses in the United States.

Home Bancorp

Market Cap: US$548.7m

Operates as the bank holding company for Home Bank, National Association that provides various banking products and services for individuals and businesses in Louisiana, Mississippi, and Texas, the United States.

Bankwell Financial Group

Market Cap: US$515.1m

Operates as the bank holding company for Bankwell Bank that provides various banking services for individual and commercial customers.

Sierra Bancorp

Market Cap: US$510.6m

Operates as the bank holding company for Bank of the Sierra that provides retail and commercial banking products and services to individuals and businesses in California.

First Farmers Financial

Market Cap: US$495.8m

Operates as the financial holding company for First Farmers Bank & Trust, which provides banking products and services to individuals, families, and businesses.

ChoiceOne Financial Services

Market Cap: US$495.6m

Operates as the bank holding company for ChoiceOne Bank that provides various banking services in the Michigan.

West Bancorporation

Market Cap: US$486.4m

Operates as the bank holding company for West Bank that provides community banking and trust services to individuals and small- to medium-sized businesses in the United States.

Commercial Bancgroup

Market Cap: US$463.2m

Operates as the bank holding company for Commercial Bank that provides a range of banking and financial services to individual and corporate customers in the United States.

First Bank

Market Cap: US$450.8m

Provides various banking products and services to small and mid-sized businesses and individuals.

RBB Bancorp

Market Cap: US$450.6m

Operates as the bank holding company for Royal Business Bank that provides business-banking and consumer products and services to Asian-centric communities in the United States.

Bank of Marin Bancorp

Market Cap: US$430.4m

Operates as the holding company for Bank of Marin that provides a range of financial services to small to medium-sized businesses, not-for-profit organizations, and commercial real estate investors in the United States.

Investar Holding

Market Cap: US$417.6m

Operates as the bank holding company for Investar Bank that provides a range of commercial banking products to individuals, professionals, and small to medium-sized businesses in south Louisiana, southeast Texas, and Alabama in the United States.

Canandaigua National

Market Cap: US$409.2m

Operates as the bank holding company for The Canandaigua National Bank & Trust Company and Canandaigua National Trust Company of Florida, which provide various banking and financial services.

Primis Financial

Market Cap: US$399.5m

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

First Bancorp

Market Cap: US$391.9m

Operates as the bank holding company for First National Bank that provides a range of banking products and services to individual and corporate customers.

River Financial

Market Cap: US$364.1m

Operates as the bank holding company for River Bank & Trust that provides commercial and consumer banking services to small to medium-sized businesses, organizations, entrepreneurs, and individuals in Alabama and the Florida Panhandle.

Timberland Bancorp

Market Cap: US$362.0m

Operates as the bank holding company for Timberland Bank that provides various community banking services in Washington.

Merchants Financial Group

Market Cap: US$334.0m

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

Mission Bancorp

Market Cap: US$333.2m

Operates as the bank holding company for Mission Bank that provides various banking products and services to individual and corporate clients in California.

CoastalSouth Bancshares

Market Cap: US$327.4m

Operates as the bank holding company for Coastal States Bank that provides various banking products and services to retail and commercial customers.

Fidelity D & D Bancorp

Market Cap: US$311.5m

Operates as the bank holding company for The Fidelity Deposit and Discount Bank that provides a range of banking, trust, and financial services to individuals, small businesses, and corporate customers.

FS Bancorp

Market Cap: US$311.3m

Operates as a bank holding company for 1st Security Bank of Washington that provides banking and financial services to local families, local and regional businesses, and industry niches in Washington.