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)
FMBHthis companyFirst Mid Bancshares, Inc.	$51.06	10.16×	0.97×	2×	9.05×	-24.1%	72.8%	25.1%	19.7%	9.6%	5.9%	13.3%	0.59×	2.25×	1×	0.17×	2.5%	7	-0.61	3	B+
BANFBancFirst Corporation	$117.10	14.68×	1.91×	4.3×	10.59×	-58.3%	82.9%	36.8%	29.2%	13.0%	1.6%	6.7%	0.07×	-0.29×	0.98×	20.32×	1.8%	5	-0.29	3	B+
BFSTBusiness First Bancshares, Inc.	$32.60	9.37×	0.86×	1.51×	7.66×	-29.7%	60.9%	22.2%	17.2%	9.8%	6.0%	11.9%	0.61×	1.18×	0.59×	0.15×	2.9%	6	-0.58	3	B+
CIVBCivista Bancshares, Inc.	$28.61	8.42×	0.72×	1.53×	9.13×	19.5%	66.4%	21.7%	18.1%	8.5%	5.3%	10.8%	0.52×	3.16×	0.67×	0.11×	3.0%	6	-0.53	4	A-
EQBKEquity Bancshares, Inc.	$49.44	36.01×	1.16×	2.7×	7.81×	32.6%	50.4%	10.4%	7.2%	3.1%	3.7%	4.5%	0.61×	-1.8×	0.31×	1.41×	1.3%	5	-0.66	3	B+
FUNCFirst United Corporation	$46.88	9.9×	1.19×	2.04×	6.35×	56.1%	70.2%	27.3%	20.6%	12.0%	7.0%	6.3%	0.56×	-0.47×	0.99×	0.09×	2.5%	8	-0.48	3	B+
Peer median	—	9.9×	1.16×	2.04×	7.81×	19.5%	66.4%	22.2%	18.1%	9.8%	5.3%	6.7%	0.56×	-0.29×	0.67×	0.15×	2.5%	6	-0.53	3	—