COMP <GO>

HOPE vs BFC // OPTIONS IMPLIED MOVE & PUT/CALL SKEW

Hope Bancorp Inc. (NASDAQ) VS. Bank First Corporation (NASDAQ) • 15-METRIC TALLY: HOPE 2 — BFC 3

■ METRIC PARITY

LAST: $13.11 (-1.58%) • MKT CAP: $1.70B

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LAST: $147.89 (-2.03%) • MKT CAP: $1.67B

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

INSTITUTIONAL METRIC	HOPE	BFC	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	—	—	—	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	2.70%	11.10%	-8.40	BFC	/roic <GO>
EV/EBITDA & P/E Valuation	—	—	—	TIE	/valuation <GO>
Free Cash Flow Yield	8.73%	3.06%	+5.67	HOPE	/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	0.00%	0.00%	0.00	TIE	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	—	—	—	TIE	/balance-sheet <GO>
Piotroski F-Score Quality	4/9	4/9	0.00	TIE	/piotroski-score <GO>
Options Implied Move & Put/Call Skew ACTIVE	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	43.9	54.6	-10.70	BFC	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	—	—	—	TIE	/macro-sensitivity <GO>
Forward P/E Multiple	26.0x	21.8x	+4.20	BFC	/forward-pe <GO>
Enterprise Scale & Market Cap	$1.70B	$1.67B	$28.1M	HOPE	/market-cap <GO>

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

FISCAL YEAR	HOPE REV	BFC REV	HOPE GROSS %	BFC GROSS %	HOPE FCF	BFC FCF
FY 2025	$7.78B	$1.89B	—	—	$151.5M	$51.0M
FY 2024	$7.16B	$1.89B	—	—	$106.9M	$58.6M
FY 2023	$1.80B	$335.3M	—	—	$473.8M	$52.9M

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

HOPE // BETA —

BFC // BETA —