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)
NBHCthis companyNational Bank Holdings Corporation	$37.46	13.29×	1.05×	2.49×	6.47×	42.9%	69.2%	24.4%	18.8%	7.9%	1.8%	9.1%	0.05×	-2.02×	0.83×	0.27×	3.2%	5	-0.61	2	B-
BYByline Bancorp, Inc.	$38.85	10.05×	1.03×	2.08×	9.66×	-78.5%	66.1%	29.1%	20.7%	10.3%	-4.6%	10.4%	0.45×	2.69×	0.98×	0.31×	1.4%	7	-0.4	4	A-
HOPEHope Bancorp, Inc.	$13.46	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	$62.17	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	$52.91	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+
QCRHQCR Holdings, Inc.	$102.85	11.05×	1.25×	2.34×	13.07×	-29.6%	57.7%	22.8%	21.3%	11.4%	57.0%	25.4%	0.56×	3.65×	0.58×	28.87×	0.3%	8	0.35	3	B+
Peer median	—	11.05×	1.03×	2.08×	12.08×	-15.7%	57.7%	22.8%	20.7%	10.3%	1.8%	10.4%	0.45×	2.69×	0.58×	0.72×	3.5%	7	-0.28	3	—