COMP <GO>

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

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

■ METRIC PARITY

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

valuation

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

valuation

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

INSTITUTIONAL METRIC	THFF	FMNB	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	—	—	—	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	12.20%	11.20%	+1.00	THFF	/roic <GO>
EV/EBITDA & P/E Valuation ACTIVE	—	—	—	TIE	/valuation <GO>
Free Cash Flow Yield	9.38%	5.58%	+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	2.62%	2.73%	-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	54.6	55.6	-0.99	FMNB	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	—	—	—	TIE	/macro-sensitivity <GO>
Forward P/E Multiple	10.8x	15.9x	-5.10	THFF	/forward-pe <GO>
Enterprise Scale & Market Cap	$921.6M	$934.3M	-$12.7M	FMNB	/market-cap <GO>

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

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

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

THFF // BETA —

FMNB // BETA —