COMP <GO>

JMSB vs CBNA // EV/EBITDA & P/E VALUATION

John Marshall Bancorp Inc. (NASDAQ) VS. Chain Bridge Bancorp Inc. (Class A) (NYSE) • 15-METRIC TALLY: JMSB 4 — CBNA 3

■ METRIC PARITY

LAST: $23.16 (+1.18%) • MKT CAP: $326.8M

valuation

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LAST: $51.40 (+1.14%) • MKT CAP: $337.3M

valuation

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

INSTITUTIONAL METRIC	JMSB	CBNA	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	—	—	—	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	8.00%	12.00%	-4.00	CBNA	/roic <GO>
EV/EBITDA & P/E Valuation ACTIVE	—	—	—	TIE	/valuation <GO>
Free Cash Flow Yield	6.74%	3.40%	+3.34	JMSB	/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	1.31%	0.00%	+1.31	JMSB	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	—	—	—	TIE	/balance-sheet <GO>
Piotroski F-Score Quality	5/9	3/9	+2.00	JMSB	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	47.9	58.3	-10.34	CBNA	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	—	—	—	TIE	/macro-sensitivity <GO>
Forward P/E Multiple	14.3x	15.5x	-1.20	JMSB	/forward-pe <GO>
Enterprise Scale & Market Cap	$326.8M	$337.3M	-$10.4M	CBNA	/market-cap <GO>

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

FISCAL YEAR	JMSB REV	CBNA REV	JMSB GROSS %	CBNA GROSS %	JMSB FCF	CBNA FCF
FY 2025	$0	$0	—	—	$22.0M	$11.5M
FY 2024	$0	$0	—	—	$16.8M	$21.6M
FY 2023	$0	$0	—	—	$18.0M	$12.8M

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

JMSB // BETA —

CBNA // BETA —