COMP <GO>

FMNB vs THFF // EV/EBITDA & P/E VALUATION

Farmers National Banc Corp. (NASDAQ) VS. First Financial Corporation (NASDAQ) • 15-METRIC TALLY: FMNB 3 — THFF 3

■ METRIC PARITY

LAST: $15.77 (+1.87%) • MKT CAP: $934.3M

valuation

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LAST: $77.50 (+0.87%) • MKT CAP: $921.6M

valuation

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

INSTITUTIONAL METRIC	FMNB	THFF	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	—	—	—	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	11.20%	12.20%	-1.00	THFF	/roic <GO>
EV/EBITDA & P/E Valuation ACTIVE	—	—	—	TIE	/valuation <GO>
Free Cash Flow Yield	5.58%	9.38%	-3.80	THFF	/fcf-yield <GO>
Operating Margin	—	—	—	TIE	/operating-margins <GO>
Net Profit Margin	19.50%	—	—	TIE	/net-margins <GO>
Revenue Growth (YoY)	3.90%	—	—	TIE	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	2.73%	2.62%	+0.11	FMNB	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	—	—	—	TIE	/balance-sheet <GO>
Piotroski F-Score Quality	5/9	5/9	0.00	TIE	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	55.6	54.6	+0.99	FMNB	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	—	—	—	TIE	/macro-sensitivity <GO>
Forward P/E Multiple	15.9x	10.8x	+5.10	THFF	/forward-pe <GO>
Enterprise Scale & Market Cap	$934.3M	$921.6M	$12.7M	FMNB	/market-cap <GO>

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

FISCAL YEAR	FMNB REV	THFF REV	FMNB GROSS %	THFF GROSS %	FMNB FCF	THFF FCF
FY 2025	$279.9M	$0	—	—	$52.2M	$86.4M
FY 2024	$269.4M	$0	—	—	$54.9M	$54.3M
FY 2023	$255.2M	$0	—	—	$62.9M	$86.1M

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

FMNB // BETA —

THFF // BETA —