MGE Energy Inc. Financial Ratios — MG1 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 (%)	11.32	11.4	12.52	12.58	10.57	10.68	12.99	10.56	10.39	10.09	10.56	10.52	10.6	10.17	10.72
Return on Assets (%)	4.39	4.23	4.73	4.91	4.17	4.28	5.34	4.38	4.27	4.26	4.57	4.54	4.53	4.38	4.54
Return on Capital (%)	8.19	8.25	8.84	8.88	7.83	8.05	6.06	6.03	6.07	7.49	7.96	7.62	7.63	7.7	7.85
Return on Invested Capital (%)	7.54	7.6	8.19	8.3	7.35	7.25	8.8	6.81	6.59	6.1	7	6.43	6.37	6.88	7.06
Gross Margin (%)	30.41	31.37	31.38	32.01	33.4	34.62	34.98	33.95	35.57	37.86	35.21	34.14	38.97	41.19	41.54
EBITDA Margin (%)	27.24	27.98	28.23	28.84	29.87	30.94	31.56	30.48	32.08	34.19	32.03	31.25	35.74	37.65	38.32
Operating Margin (%)	19.74	20.83	21.66	22.28	22.03	22.74	22.13	20.4	19.5	20.42	19.34	19.28	21.2	21.61	22.95
Incremental Operating Margin (%)	81.69	- -	30.72	34.91	24.8	1.93	4.05	312.76	- -	3.02	10.74	18.95	- -	0.91	36.56
Pretax Margin (%)	17.74	19.09	20.27	20.73	19.98	21.67	21.26	19.95	18.75	20.76	18.11	19.2	21.07	19.38	21.07
Profit Margin (%)	11.15	11.91	12.68	12.96	12.65	13.87	17.33	15.05	15.27	17.16	17.44	15.53	17.05	17.81	18.27
Net Income to Common Margin (%)	11.15	11.91	12.68	12.96	12.65	13.87	17.33	15.05	15.27	17.16	17.44	15.53	17.05	17.81	18.27
Effective Tax Rate (%)	37.14	37.65	37.46	37.5	36.7	36.01	18.46	24.57	18.55	17.37	3.75	19.12	19.11	8.08	13.26
Dvd Payout Ratio (%)	57.49	55.78	49.54	47.85	56.13	55.29	31.01	42.86	43.8	55.97	51.8	51.82	51.31	52.75	49.74
Sustainable Growth Rate (%)	4.81	5.04	6.32	6.56	4.64	4.78	8.96	6.03	5.84	4.44	5.09	5.07	5.16	4.81	5.39

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	364	362	404	406	391	387	427	513	561	594	642	727	780	769	908
ST Debt	3	3	4	11	4	4	28	18	20	57	10	125	43	5	116
LT Debt	361	358	399	395	387	383	398	495	541	537	632	602	737	764	792
Total Debt/EBITDA	2.44	2.39	2.42	2.27	2.32	2.3	2.4	3	3.07	3.23	3.3	3.26	3.16	3.02	3.19
Net Debt/EBITDA	2.17	2.08	2.01	1.91	1.84	1.73	1.79	2.51	2.85	2.89	3.13	3.13	3.04	2.93	3.17
Total Debt/EBIT	3.37	3.21	3.15	2.94	3.15	3.12	3.42	4.49	5.06	5.4	5.47	5.28	5.33	5.26	5.32
Net Debt/EBIT	2.99	2.79	2.62	2.47	2.49	2.35	2.56	3.75	4.69	4.84	5.18	5.07	5.13	5.11	5.29
EBITDA to Interest Expense	7.38	7.78	8.82	9.09	8.36	8.48	9.2	8.7	7.91	7.83	8.06	8.38	8.11	7.74	8.43
EBITDA-CapEx/Interest Expense	7.27	7.78	8.81	9.09	8.36	8.48	9.2	8.7	7.91	7.83	8.06	8.38	8.11	7.74	8.43
EBIT to Interest Expense	5.35	5.79	6.76	7.02	6.16	6.24	6.45	5.82	4.81	4.68	4.86	5.17	4.81	4.44	5.05
Interest Expense	20	19	19	20	20	20	19	20	23	24	24	27	30	33	34
Common Equity/Total Assets	37.77	36.51	39.11	38.92	39.99	40.2	41.95	41.07	41.11	43.31	43.32	42.96	42.61	43.5	41.32
Long-Term Debt/Equity (%)	65.51	61.87	64.68	59.94	56.01	52.87	51.17	60.63	63.24	55	61.46	55.69	64.63	62.08	60.75
Long-Term Debt/Capital (%)	39.46	38.1	39.12	37.08	35.76	34.45	33.05	37.25	38.2	34.19	37.83	33.3	38.38	38.2	35.81
Long-Term Debt/Total Assets (%)	24.74	22.59	25.29	23.33	22.4	21.25	21.46	24.9	25.99	23.82	26.63	23.93	27.54	27.01	25.11
Total Debt/Equity (%)	65.99	62.39	65.35	61.64	56.63	53.46	54.82	62.78	65.54	60.87	62.48	67.23	68.42	62.51	69.66
Total Debt/Capital (%)	39.76	38.42	39.52	38.13	36.16	34.84	35.41	38.57	39.59	37.84	38.45	40.2	40.62	38.47	41.06
Total Debt/Total Assets (%)	24.92	22.78	25.55	23.99	22.65	21.49	23	25.78	26.94	26.36	27.06	28.88	29.15	27.19	28.79
Net Debt to Equity	58.52	54.39	54.2	51.67	44.84	40.21	40.95	52.38	60.76	54.49	59.09	64.57	65.86	60.78	69.23
Net Debt/Capital (%)	36.92	35.23	35.15	34.07	30.96	28.68	29.05	34.33	37.32	34.87	36.75	38.86	39.33	37.8	40.91
EBITDA	149	151	167	179	168	169	178	171	182	184	194	223	247	255	285
EBITDA-CapEx	147	151	167	179	168	169	178	171	182	184	194	223	247	255	285
Operating Income (Loss)	108	113	128	138	124	124	125	114	111	110	117	138	146	146	171

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	0.65	0.61	0.71	0.73	0.97	0.93	0.85	0.69	0.18	0.23	0.15	0.05	0.07	0.17	0.02
Current Ratio	3	2.94	2.28	2.78	3.03	2.66	2.3	1.99	1.41	1.1	1.69	1.08	1.52	1.81	0.77
Quick Ratio	1.77	1.62	1.56	1.62	1.79	1.68	1.51	1.34	0.76	0.63	0.97	0.54	0.68	0.94	0.4
CFO/Avg Current Liab	1.81	2.1	1.63	1.38	1.62	1.58	1.14	1.24	1.05	1.08	0.89	0.9	1.24	1.97	1.25
Common Equity/Total Assets	37.77	36.51	39.11	38.92	39.99	40.2	41.95	41.07	41.11	43.31	43.32	42.96	42.61	43.5	41.32
Long-Term Debt/Equity (%)	65.51	61.87	64.68	59.94	56.01	52.87	51.17	60.63	63.24	55	61.46	55.69	64.63	62.08	60.75
Long-Term Debt/Capital (%)	39.46	38.1	39.12	37.08	35.76	34.45	33.05	37.25	38.2	34.19	37.83	33.3	38.38	38.2	35.81
Long-Term Debt/Total Assets (%)	24.74	22.59	25.29	23.33	22.4	21.25	21.46	24.9	25.99	23.82	26.63	23.93	27.54	27.01	25.11
Total Debt/Equity (%)	65.99	62.39	65.35	61.64	56.63	53.46	54.82	62.78	65.54	60.87	62.48	67.23	68.42	62.51	69.66
Total Debt/Capital (%)	39.76	38.42	39.52	38.13	36.16	34.84	35.41	38.57	39.59	37.84	38.45	40.2	40.62	38.47	41.06
Total Debt/Total Assets (%)	24.92	22.78	25.55	23.99	22.65	21.49	23	25.78	26.94	26.36	27.06	28.88	29.15	27.19	28.79
CFO/Total Liabilities	14.4	14.49	14.59	12.44	13.63	13.73	12.2	13.06	10.64	13.5	10.23	10.71	15.47	17.39	14.22
CFO/CapEx	60.77	48,668	14,026.7	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1.69

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	13.49	13.86	13.7	14.33	14.33	14.15	13.7	13.03	13.53	13.16	13.85	14.06	13.52	13.81	13.67
Days Sales Outstanding	27.05	26.34	26.65	25.47	25.47	25.8	26.64	28	26.97	27.74	26.35	25.95	27	26.42	26.71
Inventory Turnover	8.74	9.51	10.93	10.26	7.94	7.95	8.62	8.62	8.4	7.23	7.92	7.46	5.74	5.68	6.6
Days Inventory Outstanding	41.78	38.39	33.4	35.56	45.99	45.89	42.34	42.34	43.46	50.46	46.07	48.95	63.63	64.31	55.34
Accounts Payable Turnover	11.11	9.48	9.24	10.12	9.16	7.87	7.73	7.84	7.3	6.13	6.7	7.98	6.73	5.5	4.42
Accounts Payable Turnover Days	32.84	38.49	39.49	36.07	39.84	46.36	47.24	46.53	50	59.52	54.51	45.72	54.25	66.35	82.57
Cash Conversion Cycle	35.98	26.24	20.55	24.96	31.62	25.32	21.74	23.82	20.43	18.68	17.92	29.19	36.38	24.39	-0.53
Inventory to Cash Days	-14.73	-12.05	-6.75	-10.09	-20.52	-20.09	-15.7	-14.34	-16.48	-22.73	-19.72	-23	-36.63	-37.89	-28.63
Inventories	40	38	36	46	48	41	44	42	45	47	52	74	73	68	64
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	40	38	36	46	48	41	44	42	45	47	52	74	73	68	64

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	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	2,883
- Cash & Cash Equivalents	41	46	69	66	81	96	108	83	23	45	17	12	11	21	6
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	364	362	404	406	391	387	427	513	561	594	642	727	780	769	908
Enterprise Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	3,786
Total Capital	915	941	1,021	1,066	1,081	1,111	1,205	1,329	1,416	1,570	1,669	1,809	1,920	1,999	2,212
Total Debt/Capital (%)	39.76	38.42	39.52	38.13	36.16	34.84	35.41	38.57	39.59	37.84	38.45	40.2	40.62	38.47	41.06
Total Debt / EV	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.24
EV/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	5.09
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	13.28
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	22.18
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	12.94
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	12.94
Diluted Market Cap	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	2,885
Diluted Enterprise Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	3,788
EV per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	103.6
TTM Sales	546	541	591	620	564	545	563	560	569	539	607	715	690	677	744
TTM EBITDA	149	151	167	179	168	169	178	171	182	184	194	223	247	255	285
TTM Operating Income	108	113	128	138	124	124	125	114	111	110	117	138	146	146	171
TTM Cash Flow to Firm	143	158	152	141	154	161	147	168	149	192	161	175	262	308	293
TTM Free Cash Flow to Firm	141	158	152	141	154	161	147	168	149	192	161	175	262	308	293

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	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	10.96
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	22.18
Enterprise Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	3,786
Low Price	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	77.99
EV/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	5.09
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	13.28
Price/Earnings	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	21.21
Price/Earnings Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	23.51
Price/Earnings High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	25.45
Price/Earnings Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	20.97
Price/Book Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	2.21
Price/Book Value Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	2.45
Price/Book Value High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	2.65
Price/Book Value Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	2.19
Price/Tangible Book Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	2.21
Price/Tangible Book Value Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	2.45
Price/Tangible Book Value High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	2.65
Price/Tangible Book Value Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	2.19
Price/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	3.88
Price/Sales Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	4.3
Price/Sales High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	4.65
Price/Sales Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	3.83
Price/Cash Flow	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	10.95
Price/Cash Flow Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	12.14
Price/Cash Flow High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	13.14
Price/Cash Flow Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	10.82
Price/Free Cash Flow Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	12.15
Price/Free Cash Flow High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	13.15
Price/Free Cash Flow Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	10.83
EV/Sales Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	5.51
EV/Sales High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	5.86
EV/Sales Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	5.05
EV/EBITDA Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	14.38
EV/EBITDA High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	15.3
EV/EBITDA Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	13.17
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	24.01
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	25.56
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	21.99
Last Price	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	78.9
High Price	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	94.65
Enterprise Value Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	4,098
Enterprise Value High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	4,361
Enterprise Value Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	3,753

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	35	35	35	35	35	35	35	35	35	36	36	36	36	36	37
Diluted Weighted Avg Shares	35	35	35	35	35	35	35	35	35	36	36	36	36	36	37
Basic Weighted Avg Shares	35	35	35	35	35	35	35	35	35	36	36	36	36	36	37
Revenue per Share	15.76	15.61	17.04	17.88	16.27	15.71	16.24	16.15	16.41	15.13	16.77	19.76	19.09	18.69	20.36
EBITDA per Share	4.29	4.37	4.81	5.16	4.86	4.86	5.13	4.92	5.26	5.17	5.37	6.17	6.82	7.04	7.8
Operating Income per Share	3.11	3.25	3.69	3.98	3.58	3.57	3.59	3.29	3.2	3.09	3.24	3.81	4.05	4.04	4.67
Basic EPS, GAAP	1.76	1.86	2.16	2.32	2.06	2.18	2.82	2.43	2.51	2.6	2.92	3.07	3.25	3.33	3.72
Basic EPS from Cont Ops	1.76	1.86	2.16	2.32	2.06	2.18	2.82	2.43	2.51	2.6	2.92	3.07	3.25	3.33	3.72
Diluted EPS, GAAP	1.76	1.86	2.16	2.32	2.06	2.18	2.82	2.43	2.51	2.6	2.92	3.07	3.25	3.33	3.72
Diluted EPS from Cont Ops	1.76	1.86	2.16	2.32	2.06	2.18	2.82	2.43	2.51	2.6	2.92	3.07	3.25	3.33	3.72
Dividend per Share	1.01	1.04	1.07	1.11	1.16	1.21	1.26	1.32	1.38	1.45	1.52	1.59	1.67	1.76	1.85
Cash Flow per Share	3.77	4.21	4.05	3.71	4.07	4.27	3.79	4.41	3.76	4.84	3.8	4.25	6.57	7.67	7.21
Free Cash Flow per Basic Share	3.71	4.21	4.05	3.71	4.07	4.27	3.79	4.41	3.76	4.84	3.8	4.25	6.57	7.67	7.21
Cash & Equivalents per Share	1.19	1.34	1.98	1.9	2.35	2.77	3.11	2.4	0.68	1.24	0.48	0.32	0.31	0.58	0.16
Book Value per Share	15.89	16.71	17.81	19.02	19.92	20.89	22.45	23.56	24.68	26.99	28.41	29.91	31.53	33.71	35.68
Tangible Book Value per Share	15.89	16.71	17.81	19.02	19.92	20.89	22.45	23.56	24.68	26.99	28.41	29.91	31.53	33.71	35.68