COMP <GO>

TRST vs FMNB // ALTMAN Z-SCORE & DEBT/EQUITY

TrustCo Bank Corp NY (NASDAQ) VS. Farmers National Banc Corp. (NASDAQ) • 15-METRIC TALLY: TRST 3 — FMNB 4

■ METRIC PARITY

LAST: $56.87 (+0.30%) • MKT CAP: $968.4M

balance-sheet

—

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

balance-sheet

—

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

INSTITUTIONAL METRIC	TRST	FMNB	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	—	—	—	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	8.90%	11.20%	-2.30	FMNB	/roic <GO>
EV/EBITDA & P/E Valuation	—	—	—	TIE	/valuation <GO>
Free Cash Flow Yield	4.72%	5.58%	-0.86	FMNB	/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	2.85%	2.73%	+0.12	TRST	/dividend-safety <GO>
Altman Z-Score & Debt/Equity ACTIVE	—	—	—	TIE	/balance-sheet <GO>
Piotroski F-Score Quality	4/9	5/9	-1.00	FMNB	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	55.4	55.6	-0.19	FMNB	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	—	—	—	TIE	/macro-sensitivity <GO>
Forward P/E Multiple	14.7x	15.9x	-1.20	TRST	/forward-pe <GO>
Enterprise Scale & Market Cap	$968.4M	$934.3M	$34.0M	TRST	/market-cap <GO>

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

FISCAL YEAR	TRST REV	FMNB REV	TRST GROSS %	FMNB GROSS %	TRST FCF	FMNB FCF
FY 2025	$0	$279.9M	—	—	$45.7M	$52.2M
FY 2024	$0	$269.4M	—	—	$54.6M	$54.9M
FY 2023	$0	$255.2M	—	—	$64.1M	$62.9M

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

TRST // BETA —

FMNB // BETA —