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)
FISIthis companyFinancial Institutions, Inc.	$40.62	8.54×	1×	1.66×	8.59×	-32.4%	61.7%	24.2%	19.8%	11.9%	7.2%	2.1%	0.53×	2.27×	0.69×	0.03×	4.2%	8	0.4	2	C+
ACNBACNB Corporation	$66.43	13.39×	1.18×	2.91×	15.12×	26.4%	73.7%	27.3%	21.7%	8.8%	1.1%	10.6%	0.78×	5.8×	1.16×	0.32×	2.9%	7	0.36	4	A-
AROWArrow Financial Corporation	$39.18	11.8×	1.2×	2.14×	8.52×	-28.6%	65.3%	22.8%	18.1%	10.2%	-7.2%	7.0%	0.07×	0×	0.72×	0.04×	3.6%	5	0.2	3	B-
FMNBFarmers National Banc Corp.	$15.66	9.12×	1.03×	1.84×	11.81×	23.7%	63.8%	23.9%	20.1%	11.2%	1.0%	10.4%	0.76×	4.83×	0.71×	0.33×	5.1%	3	0.19	3	B+
FNLCThe First Bancorp, Inc.	$36.78	8.53×	1.03×	1.65×	10.17×	-53.9%	52.3%	23.6%	19.4%	12.1%	6.9%	11.8%	0.66×	3.53×	0.51×	0.11×	5.6%	6	-0.52	3	B+
FNWDFinward Bancorp	$44.19	18.62×	0.86×	1.49×	15.16×	569.3%	65.6%	8.0%	8.0%	4.6%	0.9%	6.0%	0.48×	4.65×	0.23×	1.77×	1.0%	7	-0.59	2	C+
Peer median	—	11.8×	1.03×	1.84×	11.81×	23.7%	65.3%	23.6%	19.4%	10.2%	1.0%	10.4%	0.66×	4.65×	0.71×	0.32×	3.6%	6	0.19	3	—