COMP <GO>

ATLO vs FVCB // EV/EBITDA & P/E VALUATION

Ames National Corporation (NASDAQ) VS. FVCBankcorp Inc. (NASDAQ) • 15-METRIC TALLY: ATLO 3 — FVCB 4

■ METRIC PARITY

LAST: $33.86 (+0.24%) • MKT CAP: $299.9M

valuation

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LAST: $17.04 (-0.41%) • MKT CAP: $307.3M

valuation

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15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (ATLO VS. FVCB) EMERALD CELL = QUANTITATIVE EDGE

INSTITUTIONAL METRIC	ATLO	FVCB	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	—	—	—	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	9.20%	8.70%	+0.50	ATLO	/roic <GO>
EV/EBITDA & P/E Valuation ACTIVE	—	—	—	TIE	/valuation <GO>
Free Cash Flow Yield	6.90%	7.75%	-0.85	FVCB	/fcf-yield <GO>
Operating Margin	—	—	—	TIE	/operating-margins <GO>
Net Profit Margin	—	68.00%	—	TIE	/net-margins <GO>
Revenue Growth (YoY)	—	13.90%	—	TIE	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	2.37%	0.71%	+1.66	ATLO	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	—	—	—	TIE	/balance-sheet <GO>
Piotroski F-Score Quality	5/9	6/9	-1.00	FVCB	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	63.6	41.4	+22.20	ATLO	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	—	—	—	TIE	/macro-sensitivity <GO>
Forward P/E Multiple	14.7x	11.7x	+3.00	FVCB	/forward-pe <GO>
Enterprise Scale & Market Cap	$299.9M	$307.3M	-$7.4M	FVCB	/market-cap <GO>

5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY

FISCAL YEAR	ATLO REV	FVCB REV	ATLO GROSS %	FVCB GROSS %	ATLO FCF	FVCB FCF
FY 2025	$0	$1.8M	—	—	$20.7M	$23.8M
FY 2024	$0	$1.6M	—	—	$14.0M	$18.1M
FY 2023	$0	$1.5M	—	—	$19.2M	$16.3M

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

ATLO // BETA —

FVCB // BETA —