COMP <GO>

CZWI vs WNEB // EV/EBITDA & P/E VALUATION

Citizens Community Bancorp Inc. (NASDAQ) VS. Western New England Bancorp Inc. (NASDAQ) • 15-METRIC TALLY: CZWI 3 — WNEB 4

■ METRIC PARITY

LAST: $23.67 (-0.38%) • MKT CAP: $228.4M

valuation

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LAST: $14.08 (+2.40%) • MKT CAP: $282.2M

valuation

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

INSTITUTIONAL METRIC	CZWI	WNEB	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	—	—	—	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	7.70%	6.20%	+1.50	CZWI	/roic <GO>
EV/EBITDA & P/E Valuation ACTIVE	—	—	—	TIE	/valuation <GO>
Free Cash Flow Yield	4.55%	6.07%	-1.52	WNEB	/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	1.58%	2.02%	-0.44	WNEB	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	—	—	—	TIE	/balance-sheet <GO>
Piotroski F-Score Quality	4/9	5/9	-1.00	WNEB	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	71.5	56.1	+15.46	CZWI	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	—	—	—	TIE	/macro-sensitivity <GO>
Forward P/E Multiple	14.7x	17.2x	-2.50	CZWI	/forward-pe <GO>
Enterprise Scale & Market Cap	$228.4M	$282.2M	-$53.8M	WNEB	/market-cap <GO>

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

FISCAL YEAR	CZWI REV	WNEB REV	CZWI GROSS %	WNEB GROSS %	CZWI FCF	WNEB FCF
FY 2025	$0	$0	—	—	$10.4M	$17.1M
FY 2024	$0	$0	—	—	$19.5M	$11.0M
FY 2023	$0	$0	—	—	$13.1M	$14.8M

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

CZWI // BETA —

WNEB // BETA —