COMP <GO>

UVSP vs HBNC // EV/EBITDA & P/E VALUATION

Univest Financial Corporation (NASDAQ) VS. Horizon Bancorp Inc. (NASDAQ) • 15-METRIC TALLY: UVSP 4 — HBNC 2

■ METRIC PARITY

LAST: $39.33 (-6.53%) • MKT CAP: $1.08B

valuation

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LAST: $20.99 (+1.45%) • MKT CAP: $1.08B

valuation

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

INSTITUTIONAL METRIC	UVSP	HBNC	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	—	—	—	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	9.60%	-21.90%	+31.50	UVSP	/roic <GO>
EV/EBITDA & P/E Valuation ACTIVE	—	—	—	TIE	/valuation <GO>
Free Cash Flow Yield	9.36%	6.89%	+2.47	UVSP	/fcf-yield <GO>
Operating Margin	—	—	—	TIE	/operating-margins <GO>
Net Profit Margin	27.70%	—	—	TIE	/net-margins <GO>
Revenue Growth (YoY)	9.60%	—	—	TIE	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	2.34%	2.74%	-0.40	HBNC	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	—	—	—	TIE	/balance-sheet <GO>
Piotroski F-Score Quality	6/9	3/9	+3.00	UVSP	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	35.0	63.9	-28.93	HBNC	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	—	—	—	TIE	/macro-sensitivity <GO>
Forward P/E Multiple	11.2x	—	—	TIE	/forward-pe <GO>
Enterprise Scale & Market Cap	$1.08B	$1.08B	$7.0M	UVSP	/market-cap <GO>

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

FISCAL YEAR	UVSP REV	HBNC REV	UVSP GROSS %	HBNC GROSS %	UVSP FCF	HBNC FCF
FY 2025	$328.1M	$0	—	—	$101.5M	$74.3M
FY 2024	$299.2M	$0	—	—	$75.1M	$1.3M
FY 2023	$296.8M	$0	—	—	$89.7M	$88.9M

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

UVSP // BETA —

HBNC // BETA —