$32.74

-0.23 (-0.70%)

Weekly Expected Move ±4.3%

$29 $31 $32 $33 $35

NYSE · Financial Services · Banks - Regional · Alpha Radar Neutral · Power 55 · $974.1M mcap · 28M float · 0.367% daily turnover · Short 48% of daily vol

Edge Score

Quantitative competitive moat analysis scoring five pillars of durable advantage — cost leadership, brand intangibles, switching costs, network effects, and efficient scale — using industry percentile rankings on a 0–100 scale.

NO EDGE

31.9 / 100

NoneWeakNarrowWide

Primary source: Switching Costs · ROIC: -110.2%

Cost Advantage

Intangibles

Switching Cost

Network Effect

Scale

The Edge Score quantifies a company's competitive moat using five pillars: Cost Advantage (20%, operating margin and SG&A efficiency vs industry peers), Intangible Assets (25%, gross margin premium, R&D intensity, brand pricing power), Switching Costs (25%, revenue stability, earnings consistency, customer retention proxied by operating leverage), Network Effects (15%, revenue growth with expanding margins, market share dominance), and Efficient Scale (15%, market concentration, ROIC sustainability). Each pillar is scored 0–100 using industry percentile rankings, then weighted into a composite. Wide ≥ 70, Narrow ≥ 55, Weak ≥ 40, None < 40. SBSI has No discernible competitive edge (31.9/100). The business operates without significant structural advantages. The primary source of advantage is Switching Costs. Negative ROIC of -110.2% indicates the company is currently destroying value, though this may reflect a growth investment phase.

Analyst Insights

Wall Street analyst consensus based on price targets and buy/sell/hold recommendations from institutional research coverage over the trailing 12 months.

Analyst Price Targets

Low

$35

Avg Target

$35

High

Based on 1 analyst ratings (12 mo)

Analyst Recommendations

Strong Buy: 0Buy: 0Hold: 8Sell: 0Strong Sell: 0

Rating Summary

ConsensusHold

Avg Target$35.00

Analysts1

Price Target Change History

Date	Firm	Analyst	Old	New	Change	Upside @ Call	Stock@Call
2026-04-15	Piper Sandler	—	Initiated	$35	—	+5.9%	$33.04

Financial Rating

Composite financial health rating (A+ to F) based on discounted cash flow valuation, return on equity, return on assets, debt-to-equity leverage, and relative P/E and P/B multiples.

B+

May 22, 2026

DCF

ROE

ROA

D/E

P/E

P/B

The Financial Rating evaluates six fundamental factors — discounted cash flow (DCF) valuation, return on equity (ROE), return on assets (ROA), debt-to-equity leverage (D/E), and relative price-to-earnings (P/E) and price-to-book (P/B) multiples — each scored 1–5. SBSI receives an overall rating of B+. Strongest factors: DCF (5/5). Areas of concern: D/E (2/5), P/E (2/5).

Rating Change History

Date	From	To
2026-05-18	B	B+
2026-05-04	C+	B
2026-04-30	B	C+
2026-04-28	B+	B
2026-04-22	A-	B+
2026-04-16	B+	A-
2026-03-30	B	B+
2026-03-24	B+	B
2026-03-24	B	B+
2026-03-23	B+	B

InsiderStreet Scorecard

Proprietary multi-factor scorecard rating companies across seven fundamental dimensions — profitability, balance sheet strength, earnings quality, growth, value, momentum, and safety — each scored 0–100.

★ ★ ★ ★ ★ 46 Grade A

Profitability

Balance Sheet

Earnings Quality

Growth

Value

Momentum

Safety

Cash Flow

The InsiderStreet Scorecard rates companies across eight dimensions: Profitability (margins, ROA, ROE), Balance Sheet (leverage, liquidity, coverage), Earnings Quality (accruals, cash conversion), Growth (revenue and earnings trajectory), Value (P/E, P/B, earnings yield, Graham criteria), Momentum (revenue and earnings acceleration), Safety (Altman Z-Score risk adjustment), and Cash Flow (operating cash flow quality, FCF conversion, cash coverage). The overall score blends 35% quality, 35% value, and 30% momentum, with a penalty for distress-zone Altman scores. SBSI scores highest in Earnings Quality (90/100) and lowest in Growth (24/100). An overall grade of A places SBSI among the highest-quality companies in its peer group.

Risk & Quality Signals

Academic financial models used by institutional investors to assess bankruptcy risk, earnings manipulation, financial strength, and credit quality.

Altman-B Score

2.66

Grey Zone

Piotroski F-Score

6/9

✓ ✓ ✗ ✓ ✗ ✓ ✓ ✓ ✗

Beneish M-Score

-2.65

Unlikely Manipulator

Ohlson O-Score

-3.92

Bankruptcy prob: 1.9%

Low Risk

Credit Rating

BBB-

Score: 51.3/100

Trend: Deteriorating

Earnings Quality

100/100

OCF/NI: 1.68x

Accruals: -0.6%

The Altman-B Score replaces the traditional Z-Score for banks and financial institutions. It weights equity-to-assets, return on assets, retained earnings, market value coverage, and cash reserves — metrics that better capture bank solvency than manufacturing-oriented ratios. SBSI scores 2.66, placing it in the Grey Zone (safe > 3.0, distress < 1.5). Financial distress is possible and warrants monitoring. The Piotroski F-Score (2000) is a 9-point binary checklist — four profitability tests (positive ROA, positive cash flow, improving ROA, cash flow exceeding net income), three leverage tests (declining debt ratio, improving current ratio, no share dilution), and two efficiency tests (improving gross margin, improving asset turnover). Each pass scores 1 point. SBSI scores 6/9, indicating moderate financial health — some areas of strength offset by weaknesses in others. The Beneish M-Score (1999) is an 8-variable model that detects earnings manipulation by comparing year-over-year changes in receivables, gross margins, asset quality, sales growth, depreciation, SG&A, leverage, and accruals. Scores above −1.78 statistically resemble past manipulators. SBSI's score of -2.65 falls below this threshold, suggesting earnings are unlikely to be manipulated. The Ohlson O-Score (1980) is a 9-variable logistic regression that estimates bankruptcy probability using firm size, leverage, working capital, current ratio, profitability (ROA), cash flow coverage, negative equity flag, consecutive losses flag, and earnings trajectory. The raw score is converted to a probability via logistic transformation. SBSI's implied 1.9% bankruptcy probability is well within safe territory. Our Credit Rating model scores companies on five weighted components — solvency (30%), earning power (25%), leverage (20%), liquidity (15%), and cash flow quality (10%) — then blends the absolute score with sector and industry peer rankings. For companies with large buyback programs, equity is adjusted by adding back cumulative 5-year repurchases (capped at 80% of FCF generated) to avoid penalizing shareholder-friendly capital allocation. SBSI receives an estimated rating of BBB- (score: 51.3/100), with a deteriorating trend. The Earnings Quality score measures how well reported earnings are backed by real cash. It evaluates the operating cash flow to net income ratio (OCF/NI ≥ 1.0 means every dollar of earnings is cash-backed) and the accruals ratio (the gap between earnings and cash flow relative to assets — lower is better). SBSI's score of 100/100 is high — cash flows strongly support reported earnings.

Valuation

Key valuation multiples comparing the stock's market price to its earnings, revenue, book value, and cash flows. Lower multiples may indicate relative undervaluation versus peers.

P/E

13.72x

PEG

-0.72x

P/S

2.16x

P/B

1.14x

P/FCF

9.57x

P/OCF

7.80x

EV/EBITDA

0.12x

EV/Revenue

0.03x

EV/EBIT

0.18x

EV/FCF

0.16x

Earnings Yield

7.65%

FCF Yield

10.45%

Shareholder Yield

5.96%

Graham Number

$39.00

Equity-based multiples (P/E, P/B, P/FCF) compare the stock price to per-share fundamentals and are affected by capital structure. Enterprise value multiples (EV/EBITDA, EV/Revenue, EV/FCF) strip out debt and cash, making them more useful for cross-company comparisons regardless of how companies are financed. The Graham Number — √(22.5 × EPS × Book Value) — is Benjamin Graham's formula for the maximum price a defensive investor should pay. At 13.7x earnings, SBSI trades at a reasonable valuation. An earnings yield of 7.7% exceeds typical risk-free rates, suggesting equities are being compensated for risk. Graham's intrinsic value formula yields $39.00 per share, suggesting a potential 19% margin of safety at the current price.

DuPont Decomposition (5-Factor)

The 5-factor DuPont framework breaks Return on Equity into its component drivers — tax efficiency, interest burden, operating profitability, asset utilization, and financial leverage — to reveal what truly drives shareholder returns.

Tax Burden

0.838

NI / EBT

Interest Burden

1.000

EBT / EBIT

EBIT Margin

0.188

EBIT / Rev

Asset Turnover

0.053

Rev / Assets

Equity Multiplier

10.263

Assets / Equity

ROE

8.6%

The 5-factor DuPont identity decomposes ROE as: Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Equity Multiplier = ROE. This reveals whether returns are driven by operating performance, financial leverage, or tax efficiency — three very different sources of profitability. SBSI's ROE of 8.6% is driven by financial leverage (equity multiplier: 10.26x). Note: high leverage means ROE is amplified by debt rather than operational performance.

Graham-Dodd Adjusted Valuation

Our adaptation of Graham's growth formula (Fair P/E = 8.5 + 2g) from The Intelligent Investor. The classic version relies on analyst growth projections, which can be unreliable. This adjusted model substitutes the company's realized 3-year EPS CAGR — a backward-looking, verifiable measure of actual earnings power — grounding the valuation in demonstrated performance rather than forecasts.

Adj. Growth Rate

0.00%

Fair P/E

8.50x

Intrinsic Value

$20.22

Price/Value

1.54x

Margin of Safety

-53.74%

Premium

53.74%

Assessment

Overvalued

Graham's classic formula uses analyst-projected growth to estimate a fair P/E (8.5 + 2g). Our adjusted version replaces that projection with SBSI's realized 0.0% 3-year EPS CAGR — what the company actually delivered, not what analysts hope for. SBSI trades at a 54% premium to its adjusted intrinsic value of $20.22, suggesting the market is pricing in future growth beyond what historical earnings support. The adjusted fair P/E of 8.5x compares to the current market P/E of 13.7x.

Profitability Trends

Historical profitability ratios tracking how efficiently the company converts revenue into returns for shareholders over time.

Leverage & Solvency Trends

Debt and liquidity metrics showing the company's financial leverage and ability to meet short-term and long-term obligations.

Efficiency & Working Capital Trends

Operating efficiency metrics measuring how quickly the company converts inventory to sales, collects receivables, and manages its cash conversion cycle.

Growth Trends (YoY %)

Year-over-year growth rates for key financial metrics, showing the trajectory of revenue, earnings, and cash flow generation.

Earnings Stability

R-squared of linear regression measuring how predictably revenue, earnings, and margins follow a trend over the trailing 5 years. 1.0 = perfectly predictable; lower values indicate erratic or cyclical behavior.

Monte Carlo Price Simulation

Geometric Brownian Motion with 1,000 antithetic paths over 1 year, seeded from 1800 days of historical volatility. Percentile bands show the range of statistically plausible outcomes — this is a statistical model, not a forecast.

Current Price

$32.72

Median 1Y

$32.36

5th Pctile

$19.29

95th Pctile

$54.20

Ann. Volatility

31.8%

Analyst Target

$35.00

25th–75th percentile 5th–95th percentile Median path Historical Analyst target

Executive Compensation

C-suite compensation breakdown including salary, stock awards, options, and incentive pay. The CEO-to-employee pay ratio and Gini coefficient measure pay distribution fairness.

C-Suite Compensation

Executive	Salary	Stock	Total
Keith M. Donahoe – President and Current Chief Executive Officer, effective January 1, 2026, and Director of the Company and the Bank	$580,000	$252,032	$1,224,314
Julie N. Shamburger, CPA – Chief Financial Officer of the Company and the Bank and advisory director of the Bank	$495,000	$197,992	$1,128,056
Curtis R. Burchard – Chief Lending Officer of the Company and the Bank and advisory director of the Bank	$510,000	$127,470	$807,780
T. L. Arnold, Jr. – Chief Credit Officer of the Company and the Bank and advisory director of the Bank	$397,500	$149,060	$702,648

CEO Pay Ratio

167:1

CEO-to-Employee Pay Ratio

CEO Total Comp: $1,224,314

Avg Employee Cost (SGA/emp): $7,318

Employees: 781

C-Suite Pay Equality (Gini)

CEO Compensation Mix

Workforce & Productivity

Workforce efficiency metrics measuring revenue, profit, and R&D spend per employee — key indicators of operational leverage and human capital productivity.

Employees

781

+0.4% YoY

Revenue / Employee

$536,530

Rev: $419,030,000

Profit / Employee

$88,630

NI: $69,220,000

SGA / Employee

$7,318

Avg labor cost proxy

Scaling Efficiency

All Ratios & Metrics

Complete fundamental data with up to 20 periods of history, sparkline trends, and current values across 13 categories and 130+ financial metrics.

Profitability

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
ROE	13.3%	13.6%	12.7%	11.7%	12.1%	11.9%	12.7%	12.8%	12.7%	11.7%	11.4%	10.8%	10.8%	11.1%	11.2%	11.2%	10.8%	8.8%	8.3%	8.6%	8.55%
ROA	1.6%	1.7%	1.6%	1.5%	1.5%	1.5%	1.4%	1.4%	1.4%	1.3%	1.1%	1.0%	1.0%	1.1%	1.1%	1.1%	1.0%	0.8%	0.8%	0.8%	0.83%
ROIC	-16.2%	-16.6%	-7.5%	-6.9%	-7.2%	-7.0%	-89.1%	-89.9%	-89.5%	-82.3%	-60.4%	-57.3%	-57.1%	-58.6%	29.1%	29.1%	28.2%	23.1%	-1.1%	-1.1%	-1.10%
ROCE	6.2%	6.3%	8.5%	7.8%	8.1%	7.9%	8.8%	9.0%	9.0%	8.3%	5.8%	5.6%	5.6%	5.8%	6.0%	6.0%	5.8%	4.7%	6.7%	6.9%	6.88%
Gross Margin	86.4%	97.3%	97.1%	91.8%	91.8%	83.3%	76.5%	70.3%	66.1%	54.8%	54.4%	55.9%	56.6%	53.6%	57.1%	57.1%	59.3%	22.3%	57.7%	59.4%	59.41%
Operating Margin	38.3%	50.8%	50.4%	43.8%	43.6%	40.1%	36.8%	33.0%	30.4%	20.8%	19.1%	23.3%	25.9%	22.0%	23.0%	23.8%	24.1%	4.3%	23.0%	25.0%	24.98%
Net Margin	33.7%	43.4%	43.2%	38.9%	38.6%	35.1%	31.9%	28.1%	25.7%	17.8%	16.9%	19.2%	21.4%	18.1%	18.9%	19.5%	19.8%	4.1%	19.4%	20.5%	20.53%
EBITDA Margin	42.9%	55.0%	54.6%	48.1%	47.8%	43.7%	40.0%	35.9%	33.1%	23.4%	21.6%	25.5%	28.1%	24.2%	25.5%	26.2%	26.5%	38.8%	25.6%	25.0%	24.98%
FCF Margin	55.0%	60.8%	55.9%	65.1%	73.9%	82.5%	73.9%	48.5%	42.2%	39.1%	18.4%	25.8%	20.6%	-0.3%	19.9%	12.4%	8.6%	20.0%	16.4%	21.5%	21.54%
OCF Margin	58.0%	63.7%	59.1%	68.5%	77.2%	86.2%	77.1%	51.2%	44.3%	40.7%	20.2%	27.6%	22.3%	1.5%	22.3%	14.9%	12.7%	24.0%	21.0%	26.4%	26.43%
ROE 3Y Avg	snapshot only																				9.97%
ROE 5Y Avg	snapshot only																				11.11%
ROA 3Y Avg	snapshot only																				0.95%
ROIC Economic	snapshot only																				4.51%
Cash ROA	snapshot only																				1.40%
NOPAT Margin	snapshot only																				15.77%
Pretax Margin	snapshot only																				18.82%
R&D / Revenue	snapshot only																				0.00%
SGA / Revenue	snapshot only																				16.58%
SBC / Revenue	snapshot only																				0.84%

Valuation

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
P/E Ratio	9.32	9.17	10.16	10.89	9.60	9.34	9.62	8.73	6.85	8.20	10.06	10.04	9.64	11.53	10.51	9.73	10.29	12.23	13.15	13.07	13.717
P/S Ratio	3.95	3.95	4.36	4.34	3.94	3.62	3.44	2.88	2.05	2.09	2.21	1.99	1.82	2.19	2.04	1.90	1.96	1.89	2.04	2.06	2.165
P/B Ratio	1.19	1.20	1.26	1.25	1.14	1.09	1.35	1.24	0.97	1.07	1.13	1.07	1.02	1.25	1.15	1.06	1.09	1.05	1.07	1.09	1.139
P/FCF	7.19	6.50	7.80	6.67	5.33	4.39	4.65	5.93	4.85	5.36	11.96	7.70	8.85	-656.58	10.25	15.25	22.71	9.45	12.38	9.57	9.568
P/OCF	6.82	6.20	7.38	6.34	5.10	4.20	4.46	5.62	4.62	5.15	10.93	7.21	8.18	150.23	9.13	12.76	15.47	7.86	9.70	7.80	7.800
EV/EBITDA	-3.73	-3.63	-8.94	-9.80	-10.18	-10.83	1.12	0.47	-1.06	-0.55	-0.40	-0.85	-1.18	0.47	3.58	2.99	3.25	2.61	-0.02	0.12	0.118
EV/Revenue	-1.97	-1.95	-4.81	-4.92	-5.23	-5.24	0.50	0.19	-0.40	-0.18	-0.11	-0.22	-0.29	0.12	0.92	0.78	0.83	0.77	-0.00	0.03	0.034
EV/EBIT	-4.08	-3.95	-9.72	-10.72	-11.09	-11.83	1.23	0.51	-1.15	-0.60	-0.44	-0.95	-1.31	0.52	3.93	3.28	3.58	4.13	-0.03	0.18	0.182
EV/FCF	-3.59	-3.21	-8.60	-7.56	-7.09	-6.35	0.68	0.40	-0.95	-0.46	-0.61	-0.85	-1.42	-35.50	4.65	6.25	9.61	3.84	-0.03	0.16	0.159
Earnings Yield	10.7%	10.9%	9.8%	9.2%	10.4%	10.7%	10.4%	11.4%	14.6%	12.2%	9.9%	10.0%	10.4%	8.7%	9.5%	10.3%	9.7%	8.2%	7.6%	7.7%	7.65%
FCF Yield	13.9%	15.4%	12.8%	15.0%	18.7%	22.8%	21.5%	16.9%	20.6%	18.7%	8.4%	13.0%	11.3%	-0.2%	9.8%	6.6%	4.4%	10.6%	8.1%	10.5%	10.45%
Price/Tangible Book	snapshot only																				1.437
EV/OCF	snapshot only																				0.130
EV/Gross Profit	snapshot only																				0.070
Acquirers Multiple	snapshot only																				0.182
Shareholder Yield	snapshot only																				5.96%
Graham Number	snapshot only																				$39.00

Leverage & Solvency

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Current Ratio	0.55	0.55	0.53	0.53	0.53	0.53	0.24	0.24	0.24	0.24	0.28	0.28	0.28	0.28	0.23	0.23	0.23	0.23	0.23	0.23	0.232
Quick Ratio	0.55	0.55	0.53	0.53	0.53	0.53	0.24	0.24	0.24	0.24	0.28	0.28	0.28	0.28	0.23	0.23	0.23	0.23	0.23	0.23	0.232
Debt/Equity	1.29	1.29	0.59	0.59	0.59	0.59	0.74	0.74	0.74	0.74	1.16	1.16	1.16	1.16	1.20	1.20	1.20	1.20	0.87	0.87	0.866
Net Debt/Equity	-1.79	-1.79	-2.66	-2.66	-2.66	-2.66	-1.16	-1.16	-1.16	-1.16	-1.19	-1.19	-1.19	-1.19	-0.63	-0.63	-0.63	-0.63	-1.08	-1.08	-1.076
Debt/Assets	0.16	0.16	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.11	0.11	0.11	0.11	0.11	0.11	0.11	0.11	0.09	0.09	0.086
Debt/EBITDA	8.10	7.92	3.82	4.13	4.00	4.10	4.21	4.14	4.12	4.43	8.00	8.34	8.32	8.08	8.29	8.27	8.50	7.32	5.58	5.60	5.600
Net Debt/EBITDA	-11.22	-10.97	-17.04	-18.44	-17.84	-18.32	-6.61	-6.49	-6.46	-6.95	-8.21	-8.56	-8.54	-8.29	-4.31	-4.31	-4.42	-3.81	-6.93	-6.96	-6.957
Interest Coverage	4.06	4.48	4.95	4.98	5.37	4.37	2.94	1.93	1.36	0.96	0.70	0.58	0.53	0.52	0.54	0.55	0.55	0.46	0.45	0.47	0.470
Equity Multiplier	8.01	8.01	7.96	7.96	7.96	7.96	10.13	10.13	10.13	10.13	10.71	10.71	10.71	10.71	10.49	10.49	10.49	10.49	10.05	10.05	10.045
Cash Ratio	snapshot only																				0.226
Debt Service Coverage	snapshot only																				0.728
Cash to Debt	snapshot only																				2.242
FCF to Debt	snapshot only																				0.132
Defensive Interval	snapshot only																				4510.1 days

Efficiency & Turnover

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Asset Turnover	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.05	0.05	0.05	0.05	0.05	0.06	0.05	0.05	0.05	0.05	0.05	0.05	0.053
Inventory Turnover	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Receivables Turnover	7.87	7.90	6.79	6.72	6.79	7.02	6.64	7.28	7.98	8.59	7.92	8.32	8.69	8.88	9.38	9.34	9.24	9.34	10.09	10.17	10.165
Payables Turnover	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
DSO	46	46	54	54	54	52	55	50	46	43	46	44	42	41	39	39	40	39	36	36	35.9 days
DIO	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0.0 days
DPO	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	—
Cash Conversion Cycle	46	46	54	54	54	52	55	50	46	43	46	44	42	41	39	39	40	39	36	36	—
Fixed Asset Turnover	snapshot only																				2.732
Cash Velocity	snapshot only																				0.273
Capital Intensity	snapshot only																				18.922

Growth (YoY)

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Revenue	-8.5%	-6.5%	-5.8%	-3.7%	-0.1%	3.1%	11.2%	23.1%	33.7%	39.0%	34.6%	28.9%	22.7%	16.7%	15.3%	9.4%	3.6%	2.4%	-2.0%	-0.9%	-0.90%
Net Income	78.9%	63.5%	38.0%	-7.1%	-3.3%	-7.2%	-7.4%	1.7%	-2.6%	-8.5%	-17.5%	-22.5%	-22.4%	-13.4%	2.1%	7.7%	4.5%	-16.7%	-21.8%	-19.8%	-19.80%
EPS	80.5%	66.2%	40.7%	-6.0%	-1.6%	-6.3%	-5.9%	5.1%	2.1%	-3.5%	-12.8%	-19.6%	-21.2%	-12.9%	1.8%	7.1%	4.5%	-16.5%	-20.7%	-18.0%	-18.05%
FCF	2.1%	1.9%	86.8%	15.7%	34.3%	39.9%	47.0%	-8.3%	-23.6%	-34.1%	-66.4%	-31.3%	-40.1%	-1.0%	24.3%	-47.3%	-56.5%	62.4%	-19.0%	71.6%	71.61%
EBITDA	65.1%	55.2%	34.7%	-6.0%	-2.7%	-7.3%	-8.1%	1.2%	-1.6%	-6.0%	-14.6%	-19.5%	-19.7%	-11.0%	5.5%	10.3%	7.0%	20.7%	11.7%	11.0%	11.02%
Op. Income	76.3%	64.3%	39.9%	-6.1%	-2.4%	-7.6%	-8.6%	1.6%	-1.4%	-6.3%	-15.5%	-20.8%	-20.9%	-11.5%	6.2%	11.2%	7.2%	-16.1%	-23.0%	-21.2%	-21.19%
OCF Growth	snapshot only																				76.18%
Asset Growth	snapshot only																				-0.03%
Equity Growth	snapshot only																				4.39%
Debt Growth	snapshot only																				-24.82%
Shares Change	snapshot only																				-2.14%
Dividend Growth	snapshot only																				-1.24%

Growth (CAGR)

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Revenue 3Y	2.3%	0.8%	-0.6%	-1.2%	-1.3%	-0.7%	1.3%	3.6%	7.0%	10.2%	12.1%	15.2%	17.9%	18.7%	20.0%	20.2%	19.3%	18.4%	15.0%	11.8%	11.80%
Revenue 5Y	5.9%	5.4%	5.2%	5.0%	4.7%	5.2%	5.9%	6.6%	7.4%	8.0%	8.0%	8.9%	9.5%	9.7%	10.1%	9.4%	9.2%	9.9%	9.8%	10.6%	10.64%
EPS 3Y	25.2%	22.7%	17.8%	12.3%	14.9%	14.4%	14.1%	24.1%	21.9%	14.6%	4.9%	-7.4%	-7.5%	-7.6%	-5.8%	-3.3%	-5.6%	-11.1%	-11.1%	-11.0%	-10.97%
EPS 5Y	13.8%	14.0%	14.4%	13.2%	13.0%	11.9%	13.8%	16.4%	14.6%	10.8%	6.1%	3.7%	4.0%	4.7%	5.7%	10.5%	8.3%	1.8%	-1.4%	-6.9%	-6.94%
Net Income 3Y	22.3%	19.4%	15.2%	10.8%	13.0%	12.4%	12.1%	21.1%	19.0%	11.5%	1.8%	-9.9%	-9.9%	-9.7%	-7.9%	-5.3%	-7.6%	-12.9%	-13.0%	-12.5%	-12.53%
Net Income 5Y	18.3%	18.2%	18.1%	15.5%	15.0%	13.8%	14.1%	13.8%	11.5%	7.7%	3.2%	1.4%	1.8%	2.4%	3.5%	8.2%	6.5%	0.0%	-3.4%	-8.8%	-8.77%
EBITDA 3Y	16.2%	14.9%	13.1%	9.0%	10.9%	9.7%	9.4%	17.3%	16.5%	10.6%	1.9%	-8.5%	-8.4%	-8.2%	-6.1%	-3.5%	-5.4%	0.3%	0.2%	-0.5%	-0.49%
EBITDA 5Y	16.1%	15.9%	15.6%	13.3%	12.8%	11.3%	10.1%	10.1%	8.5%	5.7%	2.6%	1.1%	1.5%	2.0%	3.4%	7.5%	6.3%	7.7%	4.5%	-1.3%	-1.28%
Gross Profit 3Y	9.9%	8.7%	7.8%	6.0%	7.0%	6.5%	6.6%	10.5%	10.6%	7.7%	3.9%	-1.6%	-1.5%	-1.4%	-0.0%	1.5%	0.7%	-3.9%	-4.6%	-4.7%	-4.73%
Gross Profit 5Y	8.8%	8.6%	8.9%	8.3%	8.4%	8.3%	7.7%	7.3%	6.5%	4.9%	3.5%	3.1%	3.3%	3.6%	4.3%	6.1%	5.8%	1.8%	0.1%	-2.5%	-2.48%
Op. Income 3Y	18.6%	17.6%	15.8%	11.0%	12.9%	11.5%	10.9%	20.2%	19.2%	12.5%	2.7%	-8.9%	-8.7%	-8.5%	-6.4%	-3.6%	-5.8%	-11.4%	-11.6%	-11.5%	-11.47%
Op. Income 5Y	17.3%	17.2%	17.0%	14.4%	14.0%	12.4%	11.2%	11.5%	9.9%	7.1%	3.7%	1.9%	2.3%	2.8%	4.1%	8.9%	7.5%	1.1%	-2.4%	-7.9%	-7.91%
FCF 3Y	12.3%	15.0%	10.7%	25.7%	40.4%	52.8%	49.7%	57.1%	46.5%	38.2%	-2.7%	-10.0%	-15.0%	—	-15.0%	-30.8%	-41.6%	-26.2%	-30.3%	-14.7%	-14.68%
FCF 5Y	14.3%	17.0%	13.0%	14.3%	16.0%	20.4%	21.5%	11.6%	7.7%	7.0%	-7.7%	4.6%	4.8%	—	7.0%	7.0%	-3.9%	10.0%	-1.5%	-8.0%	-8.01%
OCF 3Y	10.5%	12.9%	8.4%	20.9%	33.0%	43.8%	41.1%	43.0%	35.3%	29.7%	-4.1%	-9.9%	-14.3%	-66.3%	-13.3%	-27.8%	-34.6%	-22.7%	-25.5%	-10.3%	-10.30%
OCF 5Y	13.9%	16.2%	12.5%	13.9%	15.3%	19.3%	19.8%	10.4%	6.6%	5.6%	-8.2%	2.5%	2.2%	-39.4%	4.8%	3.7%	-2.1%	9.0%	0.7%	-5.4%	-5.37%
Assets 3Y	2.6%	2.6%	5.8%	5.8%	5.8%	5.8%	3.8%	3.8%	3.8%	3.8%	5.7%	5.7%	5.7%	5.7%	5.5%	5.5%	5.5%	5.5%	4.0%	4.0%	4.05%
Assets 5Y	6.3%	6.3%	5.5%	5.5%	5.5%	5.5%	3.1%	3.1%	3.1%	3.1%	6.2%	6.2%	6.2%	6.2%	4.8%	4.8%	4.8%	4.8%	4.0%	4.0%	3.97%
Equity 3Y	5.1%	5.1%	7.6%	7.6%	7.6%	7.6%	-2.5%	-2.5%	-2.5%	-2.5%	-4.0%	-4.0%	-4.0%	-4.0%	-3.8%	-3.8%	-3.8%	-3.8%	4.3%	4.3%	4.35%
Book Value 3Y	7.6%	8.0%	10.1%	9.1%	9.4%	9.5%	-0.8%	-0.1%	-0.1%	0.2%	-1.1%	-1.3%	-1.5%	-1.8%	-1.6%	-1.7%	-1.8%	-1.8%	6.6%	6.2%	6.22%
Dividend 3Y	3.2%	4.1%	3.3%	2.8%	2.8%	2.7%	2.0%	2.3%	2.1%	2.0%	2.0%	1.7%	1.8%	1.9%	2.3%	2.3%	2.1%	1.8%	2.0%	1.4%	1.37%

Growth Quality

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Revenue Stability	0.73	0.67	0.57	0.46	0.42	0.50	0.64	0.56	0.49	0.48	0.51	0.58	0.61	0.65	0.70	0.72	0.76	0.81	0.85	0.91	0.910
Earnings Stability	0.69	0.77	0.89	0.74	0.76	0.79	0.86	0.69	0.69	0.58	0.37	0.17	0.17	0.13	0.08	0.02	0.00	0.08	0.28	0.86	0.858
Margin Stability	0.86	0.87	0.88	0.86	0.85	0.87	0.89	0.86	0.84	0.84	0.84	0.82	0.79	0.78	0.77	0.78	0.77	0.76	0.77	0.73	0.728
Rev. Growth Consistency	0.00	0.00	0.00	0.00	0.00	0.50	0.50	0.50	0.50	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	0.00	0.00	0.000
Earn. Growth Consistency	0.50	0.50	1.00	0.00	0.00	0.00	0.00	0.50	0.00	0.00	0.00	0.00	0.00	0.00	0.50	0.50	0.50	0.00	0.00	0.00	0.000
FCF Positive Streak	1	1	1	1	1	1	1	1	1	1	1	1	1	0	1	1	1	0	1	1	1
Earnings Persistence	0.50	0.50	0.85	0.97	0.99	0.97	0.97	0.99	0.99	0.97	0.93	0.91	0.91	0.95	0.99	0.97	0.98	0.93	0.91	0.92	0.921
Earnings Smoothness	0.43	0.52	0.68	0.93	0.97	0.93	0.92	0.98	0.97	0.91	0.81	0.75	0.75	0.86	0.98	0.93	0.96	0.82	0.76	0.78	0.780
ROE Trend	0.04	0.04	0.03	0.01	0.02	0.01	0.03	0.02	0.02	0.01	-0.02	-0.02	-0.02	-0.01	-0.02	-0.02	-0.02	-0.03	-0.03	-0.02	-0.024
Gross Margin Trend	0.25	0.24	0.21	0.14	0.14	0.07	-0.02	-0.13	-0.21	-0.27	-0.30	-0.29	-0.29	-0.23	-0.17	-0.12	-0.08	-0.12	-0.10	-0.08	-0.077
FCF Margin Trend	0.34	0.40	0.30	0.31	0.38	0.42	0.32	-0.11	-0.22	-0.33	-0.46	-0.31	-0.37	-0.61	-0.26	-0.25	-0.23	0.01	-0.03	0.02	0.024
Sustainable Growth Rate	8.1%	8.3%	7.7%	6.6%	7.1%	6.8%	7.2%	7.4%	7.3%	6.3%	5.7%	5.1%	5.0%	5.3%	5.7%	5.7%	5.3%	3.3%	3.1%	3.4%	3.35%
Internal Growth Rate	1.0%	1.0%	1.0%	0.8%	0.9%	0.9%	0.8%	0.8%	0.8%	0.7%	0.5%	0.5%	0.5%	0.5%	0.5%	0.5%	0.5%	0.3%	0.3%	0.3%	0.33%

Cash Flow Quality

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
OCF/Net Income	1.37	1.48	1.38	1.72	1.88	2.22	2.16	1.55	1.48	1.59	0.92	1.39	1.18	0.08	1.15	0.76	0.67	1.56	1.36	1.68	1.676
FCF/OCF	0.95	0.95	0.95	0.95	0.96	0.96	0.96	0.95	0.95	0.96	0.91	0.94	0.92	-0.23	0.89	0.84	0.68	0.83	0.78	0.82	0.815
FCF/Net Income	snapshot only																				1.366
OCF/EBITDA	snapshot only																				0.907
CapEx/Revenue	3.0%	2.9%	3.2%	3.4%	3.3%	3.7%	3.2%	2.7%	2.1%	1.6%	1.7%	1.8%	1.7%	1.8%	2.4%	2.4%	4.0%	4.0%	4.6%	4.9%	4.89%
CapEx/Depreciation	snapshot only																				0.474
Accruals Ratio	-0.01	-0.01	-0.01	-0.01	-0.01	-0.02	-0.02	-0.01	-0.01	-0.01	0.00	-0.00	-0.00	0.01	-0.00	0.00	0.00	-0.00	-0.00	-0.01	-0.006
Sloan Accruals	snapshot only																				-0.052
Cash Flow Adequacy	snapshot only																				1.826
Earnings Quality Score	snapshot only																				1.000

Dividends & Buybacks

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Dividend Yield	4.2%	4.2%	3.9%	4.0%	4.3%	4.6%	4.4%	4.8%	6.2%	5.6%	5.0%	5.3%	5.5%	4.5%	4.7%	5.1%	5.0%	5.1%	4.8%	4.7%	4.40%
Dividend/Share	$1.33	$1.36	$1.37	$1.39	$1.40	$1.41	$1.41	$1.43	$1.45	$1.46	$1.44	$1.43	$1.44	$1.45	$1.44	$1.43	$1.44	$1.44	$1.45	$1.45	$1.44
Payout Ratio	39.0%	38.7%	39.3%	43.2%	41.7%	42.9%	42.8%	42.4%	42.4%	45.9%	50.3%	52.9%	53.3%	52.2%	49.3%	49.4%	51.0%	62.2%	62.7%	60.8%	60.78%
FCF Payout Ratio	30.1%	27.4%	30.2%	26.5%	23.2%	20.1%	20.7%	28.8%	30.0%	29.9%	59.7%	40.6%	48.9%	—	48.1%	77.3%	1.1%	48.1%	59.0%	44.5%	44.50%
Total Payout Ratio	60.3%	73.0%	69.4%	64.6%	67.2%	54.6%	74.9%	86.0%	95.4%	1.1%	1.0%	89.4%	67.7%	59.6%	51.0%	51.1%	51.0%	64.4%	80.1%	77.8%	77.84%
Div. Increase Streak	1	1	1	1	1	1	1	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Chowder Number	0.07	0.08	0.07	0.08	0.08	0.07	0.05	0.04	0.05	0.04	0.02	0.02	0.03	0.03	0.05	0.06	0.05	0.04	0.04	0.03	0.034
Buyback Yield	2.3%	3.7%	3.0%	2.0%	2.7%	1.3%	3.3%	5.0%	7.7%	7.7%	5.1%	3.6%	1.5%	0.6%	0.2%	0.2%	0.0%	0.2%	1.3%	1.3%	1.31%
Net Buyback Yield	2.1%	3.6%	2.8%	1.8%	2.5%	1.1%	3.2%	4.9%	7.6%	7.5%	5.0%	3.5%	1.3%	0.5%	0.0%	0.0%	-0.1%	0.1%	1.2%	1.2%	1.20%
Total Shareholder Return	6.3%	7.8%	6.7%	5.8%	6.9%	5.7%	7.7%	9.7%	13.8%	13.1%	10.0%	8.8%	6.9%	5.0%	4.7%	5.1%	4.8%	5.2%	6.0%	5.9%	5.85%

DuPont Factors

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Tax Burden (NI/EBT)	0.88	0.87	0.87	0.87	0.87	0.88	0.88	0.87	0.86	0.85	0.86	0.85	0.84	0.84	0.82	0.82	0.82	0.83	0.84	0.84	0.838
Interest Burden (EBT/EBIT)	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.000
EBIT Margin	0.48	0.49	0.50	0.46	0.47	0.44	0.41	0.38	0.35	0.30	0.26	0.23	0.22	0.23	0.24	0.24	0.23	0.19	0.18	0.19	0.188
Asset Turnover	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.05	0.05	0.05	0.05	0.05	0.06	0.05	0.05	0.05	0.05	0.05	0.05	0.053
Equity Multiplier	8.19	8.19	7.98	7.98	7.98	7.98	8.94	8.94	8.94	8.94	10.43	10.43	10.43	10.43	10.60	10.60	10.60	10.60	10.26	10.26	10.263

Per Share

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
EPS (Diluted TTM)	$3.42	$3.51	$3.49	$3.21	$3.36	$3.29	$3.29	$3.37	$3.43	$3.18	$2.86	$2.71	$2.70	$2.77	$2.91	$2.90	$2.83	$2.31	$2.31	$2.38	$2.38
Book Value/Share	$26.69	$26.89	$28.08	$28.03	$28.28	$28.31	$23.34	$23.71	$24.26	$24.42	$25.54	$25.52	$25.51	$25.46	$26.74	$26.64	$26.79	$26.78	$28.31	$28.41	$28.75
Tangible Book/Share	$20.26	$20.41	$21.68	$21.64	$21.83	$21.85	$16.90	$17.17	$17.57	$17.69	$18.80	$18.78	$18.78	$18.74	$20.06	$19.98	$20.10	$20.09	$21.56	$21.64	$21.64
Revenue/Share	$8.06	$8.15	$8.13	$8.04	$8.19	$8.49	$9.19	$10.24	$11.49	$12.44	$13.07	$13.70	$14.30	$14.60	$15.02	$14.90	$14.81	$14.98	$14.92	$15.08	$15.13
FCF/Share	$4.43	$4.95	$4.55	$5.23	$6.05	$7.00	$6.80	$4.96	$4.84	$4.87	$2.41	$3.54	$2.94	$-0.05	$2.99	$1.85	$1.28	$2.99	$2.45	$3.25	$3.26
OCF/Share	$4.67	$5.19	$4.81	$5.50	$6.32	$7.32	$7.09	$5.24	$5.09	$5.06	$2.64	$3.78	$3.19	$0.21	$3.35	$2.21	$1.88	$3.59	$3.13	$3.99	$4.00
Cash/Share	$82.19	$82.80	$91.30	$91.16	$91.97	$92.05	$44.25	$44.95	$45.99	$46.31	$59.78	$59.73	$59.71	$59.60	$48.89	$48.71	$48.99	$48.98	$54.98	$55.18	$2.46
EBITDA/Share	$4.25	$4.38	$4.38	$4.04	$4.21	$4.11	$4.09	$4.23	$4.35	$4.07	$3.69	$3.53	$3.54	$3.64	$3.88	$3.87	$3.79	$4.40	$4.40	$4.39	$4.39
Debt/Share	$34.45	$34.71	$16.71	$16.68	$16.83	$16.84	$17.22	$17.50	$17.90	$18.02	$29.51	$29.48	$29.47	$29.41	$32.15	$32.03	$32.22	$32.21	$24.52	$24.61	$24.61
Net Debt/Share	$-47.74	$-48.09	$-74.59	$-74.48	$-75.14	$-75.21	$-27.03	$-27.46	$-28.09	$-28.29	$-30.28	$-30.25	$-30.24	$-30.18	$-16.74	$-16.68	$-16.77	$-16.77	$-30.46	$-30.57	$-30.57

Academic Models

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Altman-B Score	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	2.664
Altman Z-Prime	snapshot only																				-3.983
Piotroski F-Score	8	8	7	5	6	6	6	6	6	6	6	7	7	6	7	6	7	6	6	6	6
Beneish M-Score	-2.22	-2.21	-2.52	-2.44	-2.55	-2.44	-1.92	-1.87	-1.80	-1.78	-2.25	-2.28	-2.32	-2.38	-2.52	-2.51	-2.54	-1.76	-2.44	-2.65	-2.650
Ohlson O-Score	snapshot only																				-3.921
Net-Net WC	snapshot only																				$-200.42

Credit

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Credit Rating	snapshot only																				BBB-
Credit Score	70.95	70.31	80.13	87.91	91.08	88.90	76.15	63.42	63.38	61.35	55.73	58.08	56.88	53.68	57.13	56.32	54.85	45.24	51.79	51.34	51.342
Credit Grade	snapshot only																				10
Credit Trend	snapshot only																				-4.976
Implied Spread (bps)	snapshot only																				350.000
Industry Credit Rank	snapshot only																				31
Sector Credit Rank	snapshot only																				39

SBSI NYSE

Edge Score

Analyst Insights

Financial Rating

InsiderStreet Scorecard

Risk & Quality Signals

Valuation

DuPont Decomposition (5-Factor)

Graham-Dodd Adjusted Valuation

Profitability Trends

Leverage & Solvency Trends

Efficiency & Working Capital Trends

Growth Trends (YoY %)

Earnings Stability

Monte Carlo Price Simulation

Executive Compensation

C-Suite Compensation

CEO Pay Ratio

C-Suite Pay Equality (Gini)

CEO Compensation Mix

Workforce & Productivity

Scaling Efficiency

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