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)
HBNCthis companyHorizon Bancorp, Inc.	$21.17	-5.4×	1.26×	8.38×	-6.42×	-127.2%	-29.5%	-193.4%	-145.9%	-21.9%	-42.0%	8.6%	0.59×	-1.8×	-1.5×	1.14×	3.4%	6	-0.51	3	B
CMTVCommunity Bancorp	$47.78	8.27×	1.23×	2.03×	10.16×	48.2%	68.9%	29.7%	24.7%	14.9%	7.8%	10.9%	0.79×	3.66×	1.02×	0.14×	2.9%	9	-0.57	3	B
EBMTEagle Bancorp Montana, Inc.	$20.83	10.47×	0.81×	1.23×	7.67×	-89.1%	70.9%	15.0%	11.8%	7.7%	196.7%	18.2%	0.43×	2.09×	0.53×	0.71×	2.9%	3	0.34	3	B
FMAOFarmers & Merchants Bancorp, Inc.	$36.96	7.25×	0.91×	1.79×	10.89×	-57.2%	62.3%	22.5%	17.6%	9.0%	4.8%	10.2%	0.81×	4.07×	0.61×	0.11×	3.6%	8	-0.45	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+
HBCPHome Bancorp, Inc.	$61.79	9.75×	1.03×	2.15×	5.96×	-4.4%	70.5%	27.7%	22.0%	10.6%	3.0%	9.9%	0.13×	-1.37×	0.96×	0.09×	2.0%	6	-0.5	3	B+
Peer median	—	9.75×	0.91×	1.79×	10.16×	-4.4%	68.9%	22.5%	17.6%	9.0%	4.8%	10.2%	0.48×	3.66×	0.61×	0.14×	2.9%	7	-0.5	3	—