COMP <GO>

UNTY vs FBIZ // FORWARD P/E MULTIPLE

Unity Bancorp Inc. (NASDAQ) VS. First Business Financial Services Inc. (NASDAQ) • 15-METRIC TALLY: UNTY 2 — FBIZ 5

▲ FORWARD P/E MULTIPLE LEADER: UNTY

LAST: $58.10 (+0.64%) • MKT CAP: $583.5M

forward-pe

9.4x

LAST: $73.76 (+1.39%) • MKT CAP: $617.2M

forward-pe

11.4x

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

INSTITUTIONAL METRIC	UNTY	FBIZ	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	—	—	—	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	16.80%	13.50%	+3.30	UNTY	/roic <GO>
EV/EBITDA & P/E Valuation	—	—	—	TIE	/valuation <GO>
Free Cash Flow Yield	7.60%	9.90%	-2.30	FBIZ	/fcf-yield <GO>
Operating Margin	—	—	—	TIE	/operating-margins <GO>
Net Profit Margin	—	—	—	TIE	/net-margins <GO>
Revenue Growth (YoY)	—	—	—	TIE	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.96%	1.57%	-0.61	FBIZ	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	—	—	—	TIE	/balance-sheet <GO>
Piotroski F-Score Quality	4/9	5/9	-1.00	FBIZ	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	52.6	72.6	-20.02	FBIZ	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	—	—	—	TIE	/macro-sensitivity <GO>
Forward P/E Multiple ACTIVE	9.4x	11.4x	-2.00	UNTY	/forward-pe <GO>
Enterprise Scale & Market Cap	$583.5M	$617.2M	-$33.8M	FBIZ	/market-cap <GO>

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

FISCAL YEAR	UNTY REV	FBIZ REV	UNTY GROSS %	FBIZ GROSS %	UNTY FCF	FBIZ FCF
FY 2025	$0	$0	—	—	$44.3M	$61.1M
FY 2024	$0	$0	—	—	$47.3M	$57.3M
FY 2023	$0	$0	—	—	$46.9M	$52.3M

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

UNTY // BETA —

FBIZ // BETA —