COMP <GO>

MYFW vs ISBA // EV/EBITDA & P/E VALUATION

First Western Financial Inc. (NASDAQ) VS. Isabella Bank Corporation (NASDAQ) • 15-METRIC TALLY: MYFW 1 — ISBA 6

■ METRIC PARITY

LAST: $31.46 (-0.22%) • MKT CAP: $307.2M

valuation

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LAST: $39.69 (+0.84%) • MKT CAP: $302.8M

valuation

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

INSTITUTIONAL METRIC	MYFW	ISBA	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	—	—	—	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	5.00%	8.20%	-3.20	ISBA	/roic <GO>
EV/EBITDA & P/E Valuation ACTIVE	—	—	—	TIE	/valuation <GO>
Free Cash Flow Yield	-1.88%	7.71%	-9.59	ISBA	/fcf-yield <GO>
Operating Margin	—	—	—	TIE	/operating-margins <GO>
Net Profit Margin	13.60%	—	—	TIE	/net-margins <GO>
Revenue Growth (YoY)	7.60%	—	—	TIE	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.00%	2.67%	-2.67	ISBA	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	—	—	—	TIE	/balance-sheet <GO>
Piotroski F-Score Quality	3/9	5/9	-2.00	ISBA	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	57.2	61.7	-4.50	ISBA	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	—	—	—	TIE	/macro-sensitivity <GO>
Forward P/E Multiple	21.7x	14.9x	+6.80	ISBA	/forward-pe <GO>
Enterprise Scale & Market Cap	$307.2M	$302.8M	$4.4M	MYFW	/market-cap <GO>

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

FISCAL YEAR	MYFW REV	ISBA REV	MYFW GROSS %	ISBA GROSS %	MYFW FCF	ISBA FCF
FY 2025	$96.9M	$0	—	—	-$5.8M	$23.3M
FY 2024	$90.1M	$0	—	—	-$607.0K	$17.5M
FY 2023	$82.7M	$0	—	—	$21.9M	$24.2M

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

MYFW // BETA —

ISBA // BETA —