COMP <GO>

FBNC vs BOH // EV/EBITDA & P/E VALUATION

First Bancorp (NASDAQ) VS. Bank of Hawaii Corporation (NYSE) • 15-METRIC TALLY: FBNC 2 — BOH 5

■ METRIC PARITY

LAST: $64.23 (+1.37%) • MKT CAP: $2.66B

valuation

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LAST: $70.61 (+1.71%) • MKT CAP: $2.77B

valuation

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

INSTITUTIONAL METRIC	FBNC	BOH	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	—	—	—	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	6.70%	11.10%	-4.40	BOH	/roic <GO>
EV/EBITDA & P/E Valuation ACTIVE	—	—	—	TIE	/valuation <GO>
Free Cash Flow Yield	7.48%	6.66%	+0.82	FBNC	/fcf-yield <GO>
Operating Margin	—	—	—	TIE	/operating-margins <GO>
Net Profit Margin	68.00%	68.00%	0.00	TIE	/net-margins <GO>
Revenue Growth (YoY)	-3.60%	-0.10%	-3.50	BOH	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	1.40%	4.08%	-2.68	BOH	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	—	—	—	TIE	/balance-sheet <GO>
Piotroski F-Score Quality	5/9	5/9	0.00	TIE	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	54.9	49.6	+5.35	FBNC	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	—	—	—	TIE	/macro-sensitivity <GO>
Forward P/E Multiple	22.2x	12.5x	+9.70	BOH	/forward-pe <GO>
Enterprise Scale & Market Cap	$2.66B	$2.77B	-$109.5M	BOH	/market-cap <GO>

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

FISCAL YEAR	FBNC REV	BOH REV	FBNC GROSS %	BOH GROSS %	FBNC FCF	BOH FCF
FY 2025	$67.6M	$121.9M	—	—	$198.9M	$184.3M
FY 2024	$70.1M	$122.1M	—	—	$172.1M	$161.3M
FY 2023	$32.8M	$116.0M	—	—	$131.4M	$138.8M

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

FBNC // BETA —

BOH // BETA —