Company	Price	Valuation					Profitability					Cash & leverage					Quality				Rating
		P/E	P/B	P/S	EV / EBITDA	DCF upside	Gross margin	Operating margin	Net margin	ROE	ROIC	FCF yield	Debt / equity	Net debt / EBITDA	Interest coverage	Current ratio	Dividend yield	Piotroski (0-9)	Altman Z	Rating score (1-5)
FCFthis companyFirst Commonwealth Financial Corporation	$21.09	11.39×	1.12×	2.38×	10.16×	22.3%	67.6%	27.2%	20.9%	9.8%	1.3%	9.9%	0.29×	1.7×	0.96×	0.37×	3.2%	7	-0.65	4	A-
CCBCoastal Financial Corporation	$44.20	36.73×	3.53×	2.62×	25.9×	472.3%	52.8%	9.3%	7.1%	9.6%	1.3%	14.2%	0.12×	0.35×	0.51×	728.91×	0.0%	5	1.28	2	C+
CHCOCity Holding Company	$142.08	13.33×	2.11×	4.37×	11.73×	6.9%	79.0%	41.5%	33.3%	16.1%	9.2%	7.5%	0.64×	1.87×	1.92×	0.18×	2.8%	7	-0.16	3	B+
FRMEFirst Merchants Corporation	$41.30	9.61×	0.88×	2.06×	10.67×	17.8%	61.0%	24.7%	21.5%	9.2%	-4.3%	13.1%	0.41×	3.17×	0.67×	0.2×	3.9%	6	-0.49	3	B+
LKFNLakeland Financial Corporation	$61.89	14.19×	1.92×	3.47×	12.08×	-1.3%	61.0%	29.8%	24.5%	13.6%	10.4%	7.1%	0.24×	0.97×	0.82×	0.03×	3.5%	7	-0.42	4	A-
NICNicolet Bankshares, Inc.	$175.86	12.06×	1.44×	3.29×	6.4×	-62.6%	69.5%	33.8%	27.3%	12.0%	1.6%	8.2%	0.11×	-2.6×	1.14×	5,079.45×	1.0%	8	-0.47	3	B
Peer median	—	13.33×	1.92×	3.29×	11.73×	6.9%	61.0%	29.8%	24.5%	12.0%	1.6%	8.2%	0.24×	0.97×	0.82×	0.2×	2.8%	7	-0.42	3	—