COMP <GO>

STBA vs GABC // EV/EBITDA & P/E VALUATION

S&T Bancorp Inc. (NASDAQ) VS. German American Bancorp Inc. (NASDAQ) • 15-METRIC TALLY: STBA 3 — GABC 4

■ METRIC PARITY

LAST: $51.09 (+1.21%) • MKT CAP: $1.80B

valuation

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LAST: $49.41 (+0.94%) • MKT CAP: $1.86B

valuation

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

INSTITUTIONAL METRIC	STBA	GABC	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	—	—	—	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	9.20%	9.70%	-0.50	GABC	/roic <GO>
EV/EBITDA & P/E Valuation ACTIVE	—	—	—	TIE	/valuation <GO>
Free Cash Flow Yield	7.15%	8.29%	-1.14	GABC	/fcf-yield <GO>
Operating Margin	—	—	—	TIE	/operating-margins <GO>
Net Profit Margin	—	23.10%	—	TIE	/net-margins <GO>
Revenue Growth (YoY)	—	37.80%	—	TIE	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	2.94%	2.33%	+0.61	STBA	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	—	—	—	TIE	/balance-sheet <GO>
Piotroski F-Score Quality	4/9	6/9	-2.00	GABC	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	56.8	45.8	+10.99	STBA	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	—	—	—	TIE	/macro-sensitivity <GO>
Forward P/E Multiple	12.5x	13.9x	-1.40	STBA	/forward-pe <GO>
Enterprise Scale & Market Cap	$1.80B	$1.86B	-$55.1M	GABC	/market-cap <GO>

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

FISCAL YEAR	STBA REV	GABC REV	STBA GROSS %	GABC GROSS %	STBA FCF	GABC FCF
FY 2025	$0	$487.4M	—	—	$128.8M	$154.0M
FY 2024	$0	$353.7M	—	—	$170.4M	$90.7M
FY 2023	$0	$316.9M	—	—	$171.7M	$107.2M

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

STBA // BETA —

GABC // BETA —