COMP <GO>

BAFN vs EBMT // FORWARD P/E MULTIPLE

BayFirst Financial Corp. (NASDAQ) VS. Eagle Bancorp Montana Inc. (NASDAQ) • 15-METRIC TALLY: BAFN 1 — EBMT 4

■ METRIC PARITY

LAST: $5.88 (+1.38%) • MKT CAP: $182.7M

forward-pe

—

LAST: $21.67 (+2.17%) • MKT CAP: $172.6M

forward-pe

10.7x

15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (BAFN VS. EBMT) EMERALD CELL = QUANTITATIVE EDGE

INSTITUTIONAL METRIC	BAFN	EBMT	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	—	—	—	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	-30.10%	7.70%	-37.80	EBMT	/roic <GO>
EV/EBITDA & P/E Valuation	—	—	—	TIE	/valuation <GO>
Free Cash Flow Yield	—	16.66%	—	TIE	/fcf-yield <GO>
Operating Margin	—	—	—	TIE	/operating-margins <GO>
Net Profit Margin	—	—	—	TIE	/net-margins <GO>
Revenue Growth (YoY)	—	—	—	TIE	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.40%	2.69%	-2.29	EBMT	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	—	—	—	TIE	/balance-sheet <GO>
Piotroski F-Score Quality	3/9	5/9	-2.00	EBMT	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	42.1	58.0	-15.90	EBMT	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	—	—	—	TIE	/macro-sensitivity <GO>
Forward P/E Multiple ACTIVE	—	10.7x	—	TIE	/forward-pe <GO>
Enterprise Scale & Market Cap	$182.7M	$172.6M	$10.1M	BAFN	/market-cap <GO>

5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY

FISCAL YEAR	BAFN REV	EBMT REV	BAFN GROSS %	EBMT GROSS %	BAFN FCF	EBMT FCF
FY 2025	$543.6M	$884.7M	—	—	$288.5M	$28.3M
FY 2024	$538.8M	$883.3M	—	—	$391.7M	$14.5M
FY 2023	$1.73B	$45.3M	—	—	$454.8M	$9.3M

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

BAFN // BETA —

EBMT // BETA —