Stock Yards Bancorp, Inc. Financial Ratios — S4Y Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	13.2	13.14	12.51	14.23	13.61	13.67	11.75	15.86	17.1	13.9	13.37	12.95	13.31	12.74	13.9
Return on Assets (%)	1.19	1.23	1.2	1.41	1.38	1.4	1.21	1.7	1.88	1.41	1.33	1.31	1.38	1.34	1.52
Return on Capital (%)	8.4	9.27	10.22	12.43	11.87	11.81	10.17	13.92	14.67	12.28	13	12.25	11.21	9.74	10.5
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	31.09	31.92	33.33	40.67	42.19	40.13	37.25	42.94	43.92	36.58	41.03	38.58	41.41	41.83	45.74
Profit Margin (%)	23.08	23.24	23.59	28.27	28.99	29.26	25.68	35.29	38.35	31.78	32.1	29.77	32.35	33.19	35.98
Net Income to Common Margin (%)	23.08	23.24	23.59	28.27	28.99	29.26	25.68	35.29	38.35	31.78	32.1	29.77	32.35	33.19	35.98
Effective Tax Rate (%)	25.76	27.19	29.24	30.5	31.29	27.09	31.06	17.81	12.68	13.1	21.75	22.57	21.88	20.66	21.35
Dvd Payout Ratio (%)	42.07	41.44	42.95	37.11	38.25	39.23	47.52	39.21	35.63	41.59	37.78	35.57	32.09	31.29	26.48
Sustainable Growth Rate (%)	7.65	7.69	7.13	8.95	8.4	8.31	6.17	9.64	11.01	8.12	8.32	8.34	9.04	8.75	10.22

Credit (USD)

Credit Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	101	63	34	37	43	51	49	48	80	32	- -	76	227	327	327
ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
LT Debt	101	63	34	37	43	51	49	48	80	32	- -	76	227	327	327
Total Debt/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	9.14	9.55	9.6	10.14	10.17	10.33	10.3	11.1	10.91	9.56	10.17	10.14	10.5	10.61	11.28
Long-Term Debt/Equity (%)	53.99	30.61	14.96	14.17	15.17	16.27	14.82	13.15	19.68	7.18	- -	10.04	26.42	34.75	30.38
Long-Term Debt/Capital (%)	35.06	23.44	13.01	12.41	13.17	14	12.91	11.62	16.44	6.7	- -	9.12	20.9	25.79	23.3
Long-Term Debt/Total Assets (%)	4.94	2.92	1.44	1.44	1.54	1.68	1.53	1.46	2.15	0.69	- -	1.02	2.78	3.69	3.43
Total Debt/Equity (%)	53.99	30.61	14.96	14.17	15.17	16.27	14.82	13.15	19.68	7.18	- -	10.04	26.42	34.75	30.38
Total Debt/Capital (%)	35.06	23.44	13.01	12.41	13.17	14	12.91	11.62	16.44	6.7	- -	9.12	20.9	25.79	23.3
Total Debt/Total Assets (%)	4.94	2.92	1.44	1.44	1.54	1.68	1.53	1.46	2.15	0.69	- -	1.02	2.78	3.69	3.43
Net Debt to Equity	36.46	9.84	-0.08	-2.07	2.64	3.62	2.24	-1.01	8.14	-2.62	-9.22	-0.81	15.41	26.36	23.87
Net Debt/Capital (%)	26.72	8.96	-0.08	-2.12	2.58	3.49	2.19	-1.02	7.53	-2.69	-10.15	-0.82	13.36	20.86	19.27
EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Liquidity (USD)

Liquidity Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Current Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Quick Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
CFO/Avg Current Liab	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	9.14	9.55	9.6	10.14	10.17	10.33	10.3	11.1	10.91	9.56	10.17	10.14	10.5	10.61	11.28
Long-Term Debt/Equity (%)	53.99	30.61	14.96	14.17	15.17	16.27	14.82	13.15	19.68	7.18	- -	10.04	26.42	34.75	30.38
Long-Term Debt/Capital (%)	35.06	23.44	13.01	12.41	13.17	14	12.91	11.62	16.44	6.7	- -	9.12	20.9	25.79	23.3
Long-Term Debt/Total Assets (%)	4.94	2.92	1.44	1.44	1.54	1.68	1.53	1.46	2.15	0.69	- -	1.02	2.78	3.69	3.43
Total Debt/Equity (%)	53.99	30.61	14.96	14.17	15.17	16.27	14.82	13.15	19.68	7.18	- -	10.04	26.42	34.75	30.38
Total Debt/Capital (%)	35.06	23.44	13.01	12.41	13.17	14	12.91	11.62	16.44	6.7	- -	9.12	20.9	25.79	23.3
Total Debt/Total Assets (%)	4.94	2.92	1.44	1.44	1.54	1.68	1.53	1.46	2.15	0.69	- -	1.02	2.78	3.69	3.43
CFO/Total Liabilities	2.38	0.76	2.7	1.73	1.71	2.32	1.85	2.24	1.76	1.85	1.71	1.61	1.46	1.8	1.96
CFO/CapEx	5.39	4.48	24.66	15.8	12.48	10	19.27	9.34	11.46	14.13	22.29	5.9	13.8	14.51	13.79
Altman's Z-Score	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Working Capital (USD)

Working Capital Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	16.69	20.08	21.33	21.07	20.38	20.79	19.43	18.81	20.4	17.13	17.33	17.4	13.6	12.66	13.8
Days Sales Outstanding	21.87	18.18	17.11	17.32	17.91	17.56	18.78	19.41	17.9	21.31	21.07	20.98	26.84	28.83	26.46
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventory to Cash Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

Enterprise Value API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	- -	- -	- -	- -	- -	- -	- -	- -	- -	897	1,687	1,911	1,502	2,068	1,922
- Cash & Cash Equivalents	33	43	35	42	36	40	42	52	47	43	62	83	94	79	70
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	101	63	34	37	43	51	49	48	80	32	- -	76	227	327	327
Enterprise Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	299	445	760	603	1,326	2,166
Total Capital	289	268	264	297	330	365	383	415	486	472	676	837	1,085	1,267	1,403
Total Debt/Capital (%)	35.06	23.44	13.01	12.41	13.17	14	12.91	11.62	16.44	6.7	- -	9.12	20.9	25.79	23.3
Total Debt / EV	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.11	- -	0.1	0.38	0.25	0.15
EV/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	1.61	1.91	2.43	1.81	3.84	5.56
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	3.88	4.36	6.99	5.65	9.28	13.05
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	4.17	4.56	8.42	6.1	9.97	14.07
Diluted Market Cap	- -	- -	- -	- -	- -	- -	- -	- -	- -	900	1,596	1,889	1,496	2,067	1,924
Diluted Enterprise Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	302	353	738	597	1,325	2,168
EV per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	13.17	16.72	25.99	20.57	45.05	73.49
TTM Sales	102	111	115	123	128	140	148	157	172	185	233	312	333	345	390
TTM EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	44	15	58	40	43	63	54	66	58	77	102	109	107	143	166
TTM Free Cash Flow to Firm	36	11	56	37	40	57	51	59	53	72	98	90	99	133	154

Multiples (USD)

Valuation Multiples API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	- -	- -	- -	- -	- -	- -	- -	- -	- -	12.56	16.37	20.92	15.12	15.54	12.49
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	299	445	760	603	1,326	2,166
Low Price	- -	- -	- -	- -	- -	- -	- -	- -	- -	33.07	39.93	50.35	36.36	41.73	58.95
EV/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	1.61	1.91	2.43	1.81	3.84	5.56
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings	- -	- -	- -	- -	- -	- -	- -	- -	- -	15.16	21.16	20.14	13.89	17.97	13.66
Price/Earnings Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	15.16	17.64	19.28	13.09	14.03	15.06
Price/Earnings High	- -	- -	- -	- -	- -	- -	- -	- -	- -	16.73	22.16	24.08	17.5	20.04	17.55
Price/Earnings Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	12.67	13.32	15.53	9.86	10.67	12.35
Price/Book Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	2.04	2.5	2.51	1.75	2.2	1.79
Price/Book Value Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	2.04	2.08	2.41	1.65	1.72	1.97
Price/Book Value High	- -	- -	- -	- -	- -	- -	- -	- -	- -	2.25	2.61	3	2.21	2.45	2.29
Price/Book Value Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	1.7	1.57	1.94	1.24	1.31	1.62
Price/Tangible Book Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	2.12	3.18	3.63	2.38	2.88	2.24
Price/Tangible Book Value Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	2.12	2.65	3.48	2.25	2.24	2.47
Price/Tangible Book Value High	- -	- -	- -	- -	- -	- -	- -	- -	- -	2.34	3.33	4.34	3	3.21	2.87
Price/Tangible Book Value Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	1.77	2	2.8	1.69	1.71	2.02
Price/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	4.82	6.79	6	4.49	5.96	4.91
Price/Sales Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	4.82	5.66	5.74	4.23	4.66	5.42
Price/Sales High	- -	- -	- -	- -	- -	- -	- -	- -	- -	5.32	7.11	7.17	5.66	6.65	6.31
Price/Sales Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	4.03	4.28	4.62	3.19	3.54	4.44
Price/Cash Flow	- -	- -	- -	- -	- -	- -	- -	- -	- -	11.57	15.47	17.22	14.02	14.41	11.53
Price/Cash Flow Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	11.57	12.89	16.48	13.22	11.25	12.71
Price/Cash Flow High	- -	- -	- -	- -	- -	- -	- -	- -	- -	12.77	16.2	20.59	17.67	16.06	14.81
Price/Cash Flow Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	9.67	9.74	13.28	9.95	8.56	10.42
Price/Free Cash Flow Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	12.57	13.64	20.02	14.25	12.13	13.77
Price/Free Cash Flow High	- -	- -	- -	- -	- -	- -	- -	- -	- -	13.87	17.13	25.01	19.05	17.33	16.05
Price/Free Cash Flow Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	10.51	10.3	16.13	10.73	9.23	11.29
EV/Sales Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	1.61	0.7	2.17	1.55	2.53	6.07
EV/Sales High	- -	- -	- -	- -	- -	- -	- -	- -	- -	2.12	2.25	3.63	2.98	4.53	6.96
EV/Sales Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.82	- -	1.03	0.5	1.41	5.09
EV/EBITDA Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	- -	- -	- -	- -	- -	- -	- -	- -	- -	39.55	63.44	65.32	51.22	70.27	65.21
High Price	- -	- -	- -	- -	- -	- -	- -	- -	- -	43.65	66.42	78.09	64.55	78.36	83.74
Enterprise Value Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	299	164	678	517	872	2,363
Enterprise Value High	- -	- -	- -	- -	- -	- -	- -	- -	- -	392	524	1,134	994	1,564	2,713
Enterprise Value Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	152	-181	323	167	486	1,982

Per Share Data Items (USD)

Per-Share Data API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Shares Outstanding	21	21	22	22	22	23	23	23	23	23	27	29	29	29	29
Diluted Weighted Avg Shares	21	21	22	22	22	23	23	23	23	23	25	29	29	29	30
Basic Weighted Avg Shares	21	21	21	22	22	22	23	23	23	23	25	29	29	29	29
Revenue per Share	4.95	5.33	5.4	5.64	5.81	6.27	6.58	6.95	7.62	8.21	9.34	10.89	11.4	11.78	13.27
EBITDA per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	1.14	1.24	1.27	1.59	1.68	1.84	1.69	2.45	2.92	2.61	3	3.24	3.69	3.91	4.77
Basic EPS from Cont Ops	1.14	1.24	1.27	1.59	1.68	1.84	1.69	2.45	2.92	2.61	3	3.25	3.69	3.91	4.77
Diluted EPS, GAAP	1.14	1.23	1.26	1.57	1.66	1.8	1.66	2.42	2.89	2.59	2.97	3.21	3.69	3.89	4.75
Diluted EPS from Cont Ops	1.14	1.23	1.26	1.57	1.66	1.8	1.66	2.42	2.89	2.59	2.97	3.23	3.69	3.89	4.75
Dividend per Share	0.48	0.51	0.55	0.59	0.64	0.72	0.8	0.96	1.04	1.09	1.13	1.16	1.18	1.22	1.26
Cash Flow per Share	2.15	0.71	2.73	1.83	1.95	2.83	2.38	2.91	2.59	3.42	4.1	3.79	3.65	4.88	5.65
Free Cash Flow per Basic Share	1.75	0.55	2.62	1.71	1.8	2.55	2.26	2.6	2.36	3.18	3.92	3.15	3.39	4.54	5.24
Cash & Equivalents per Share	18.58	20.56	23.94	25.11	26.89	26.96	27.18	21.49	22.9	27.77	46.72	41.94	38.38	36.32	2.8
Book Value per Share	9.05	9.82	10.47	11.75	12.8	13.88	14.71	16.11	17.97	19.42	25.41	25.99	29.26	31.96	36.49
Tangible Book Value per Share	8.94	9.69	10.26	11.59	12.66	13.74	14.59	15.99	17.26	18.66	19.92	17.98	21.5	24.44	29.15