COMP <GO>

SBFG vs BAFN // 10Y YIELD & FRED MACRO BETA

SB Financial Group Inc. (NASDAQ) VS. BayFirst Financial Corp. (NASDAQ) • 15-METRIC TALLY: SBFG 5 — BAFN 0

■ METRIC PARITY

LAST: $31.43 (+1.75%) • MKT CAP: $196.5M

macro-sensitivity

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LAST: $5.88 (+1.38%) • MKT CAP: $182.7M

macro-sensitivity

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

INSTITUTIONAL METRIC	SBFG	BAFN	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	—	—	—	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	9.90%	-30.10%	+40.00	SBFG	/roic <GO>
EV/EBITDA & P/E Valuation	—	—	—	TIE	/valuation <GO>
Free Cash Flow Yield	12.31%	—	—	TIE	/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	1.97%	0.40%	+1.57	SBFG	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	—	—	—	TIE	/balance-sheet <GO>
Piotroski F-Score Quality	5/9	3/9	+2.00	SBFG	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	69.0	42.1	+26.90	SBFG	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta ACTIVE	—	—	—	TIE	/macro-sensitivity <GO>
Forward P/E Multiple	13.0x	—	—	TIE	/forward-pe <GO>
Enterprise Scale & Market Cap	$196.5M	$182.7M	$13.8M	SBFG	/market-cap <GO>

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

FISCAL YEAR	SBFG REV	BAFN REV	SBFG GROSS %	BAFN GROSS %	SBFG FCF	BAFN FCF
FY 2025	$649.1M	$543.6M	—	—	$24.0M	$288.5M
FY 2024	$579.4M	$538.8M	—	—	$9.5M	$391.7M
FY 2023	$54.4M	$1.73B	—	—	$14.0M	$454.8M

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

SBFG // BETA —

BAFN // BETA —