COMP <GO>

PCB vs CZFS // EV/EBITDA & P/E VALUATION

PCB Bancorp (NASDAQ) VS. Citizens Financial Services Inc. (NASDAQ) • 15-METRIC TALLY: PCB 6 — CZFS 2

■ METRIC PARITY

LAST: $29.10 (+0.45%) • MKT CAP: $408.7M

valuation

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LAST: $84.90 (+1.26%) • MKT CAP: $408.4M

valuation

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

INSTITUTIONAL METRIC	PCB	CZFS	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	—	—	—	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	9.60%	10.80%	-1.20	CZFS	/roic <GO>
EV/EBITDA & P/E Valuation ACTIVE	—	—	—	TIE	/valuation <GO>
Free Cash Flow Yield	5.97%	8.95%	-2.98	CZFS	/fcf-yield <GO>
Operating Margin	—	—	—	TIE	/operating-margins <GO>
Net Profit Margin	68.00%	68.00%	0.00	TIE	/net-margins <GO>
Revenue Growth (YoY)	4.50%	2.80%	+1.70	PCB	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	2.81%	2.34%	+0.47	PCB	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	—	—	—	TIE	/balance-sheet <GO>
Piotroski F-Score Quality	5/9	4/9	+1.00	PCB	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	67.3	66.9	+0.42	PCB	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	—	—	—	TIE	/macro-sensitivity <GO>
Forward P/E Multiple	10.1x	10.4x	-0.30	PCB	/forward-pe <GO>
Enterprise Scale & Market Cap	$408.7M	$408.4M	$341.2K	PCB	/market-cap <GO>

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

FISCAL YEAR	PCB REV	CZFS REV	PCB GROSS %	CZFS GROSS %	PCB FCF	CZFS FCF
FY 2025	$2.9M	$9.9M	—	—	$24.4M	$36.5M
FY 2024	$2.8M	$9.6M	—	—	$34.9M	$33.2M
FY 2023	$2.6M	$9.0M	—	—	$63.3M	$26.5M

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

PCB // BETA —

CZFS // BETA —