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)
LOBthis companyLive Oak Bancshares, Inc.	$34.72	15.33×	1.26×	1.51×	4.25×	10.4%	48.3%	15.5%	10.0%	8.3%	7.2%	9.1%	0.08×	-3.99×	0.35×	0.13×	0.5%	4	-0.63	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+
GABCGerman American Bancorp, Inc.	$50.47	12.8×	1.24×	2.96×	9.78×	65.4%	70.2%	28.7%	23.1%	9.7%	8.1%	10.7%	0.16×	0.7×	1.11×	0.18×	3.0%	5	0.42	4	A-
HOPEHope Bancorp, Inc.	$13.40	23.83×	0.62×	1.46×	8.26×	-15.7%	48.6%	8.3%	6.0%	2.6%	-37.9%	10.7%	0.17×	-1.09×	0.17×	0.72×	5.0%	8	0.24	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-
MBINMerchants Bancorp	$52.78	9.01×	0.69×	1.14×	20.16×	567.1%	41.3%	19.3%	16.0%	9.6%	1.8%	-10.9%	1.68×	14.32×	0.39×	3.17×	3.8%	5	-0.28	3	B+
Peer median	—	12.8×	0.88×	2.06×	10.67×	17.8%	61.0%	24.7%	21.5%	9.6%	1.8%	10.7%	0.24×	0.97×	0.67×	0.2×	3.8%	6	-0.28	3	—