NECB

Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Price to Earnings 6.83 5.34 9.27 14.84
Price to Sales
Book Value Per Common Share 68.14 59.23 48.97 46.05
Price to Book 0.36 0.30 0.30 0.24
Price to Operating Cash Flow 5.24 4.21 8.20 8.03
Price to Free Cash Flow
Enterprise Value to EBITDA 17109.58 21894.01 55335.16 82686.74
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31
Price to Earnings 8.10 14.09 29.30 9.41 9.68 18.08 6.10 9.54 17.04 11.59 20.29 53.26
Price to Sales
Book Value Per Common Share 24.53 24.01 23.33 68.14 22.08 21.44 20.54 59.23 18.81 17.93 17.13 48.97 16.04 15.65 15.53 46.05 15.19 13.19 12.88
Price to Book 0.84 0.97 1.00 0.36 1.20 0.83 0.77 0.30 0.78 0.83 0.77 0.30 0.77 0.75 0.79 0.24 0.72
Price to Operating Cash Flow 6.70 11.55 28.26 9.02 9.73 15.99 6.76 11.88 17.55 13.32 25.12 229.83 14.10
Price to Free Cash Flow
Enterprise Value to EBITDA 32762.09 56385.05 113567.05 39307.44 40526.12 75149.50 29837.35 49605.59 92995.52 74891.27 130162.79 319596.33 120315.55

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Earning YoY 7.83 106.21 114.67
Revenue YoY
EBITDA YoY 74.83 164.86 96.32
Net Profit YoY 1.72 86.27 108.68
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31
Earning YoY 53.94 106.25 52.72 111.49 55.13 102.60 84.48 152.17
Revenue YoY
EBITDA YoY 52.34 99.75 92.10 53.36 108.95 58.83 108.61 81.28 135.92 19.69 106.50
Net Profit YoY 54.58 105.71 52.48 112.52 53.04 98.60 83.45 147.96 10.48 114.67

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Cash Per Common Share 14.03 11.47 14.84 23.27
Quick Ratio
Current Ratio
Debt to Equity 2.66 2.66 2.22 1.94
Long-Term Debt to Equity
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31
Cash Per Common Share 6.79 6.42 8.55 13.15 9.03 10.05 9.56 11.29 8.80 9.64 6.51 14.27 4.72 6.77 12.50 22.52 7.52 14.28 5.42
Quick Ratio
Current Ratio
Debt to Equity 4.98 4.86 4.91 2.66 5.36 5.43 5.46 2.66 5.31 4.99 4.72 2.22 3.94 3.77 4.04 1.94 3.46 5.69 5.15
Long-Term Debt to Equity

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
ROA 2.02 2.26 1.47 0.81
ROE 7.39 8.28 4.74 2.37
Gross Margin
Operating Margin
EBITDA Margin
Net Profit Margin
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31
ROA 1.63 1.10 0.55 1.87 1.25 0.61 1.99 1.38 0.75 1.29 0.74 0.28 0.69 0.65 0.34
ROE 9.77 6.46 3.23 11.90 8.06 3.94 12.55 8.28 4.28 6.38 3.53 1.43 3.09 4.33 2.07
Gross Margin
Operating Margin
EBITDA Margin
Net Profit Margin

Dividends

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Dividend Yield
Dividend Payout Ratio
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31
Dividend Yield
Dividend Payout Ratio

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Assets 2,329,963.00 2,044,514.00 1,687,868.00 1,477,405.00
   Deposits 1,670,375.00 1,400,036.00 1,121,955.00 927,164.00
      Cash and Short-Term Investments 184,279.00 159,712.00 228,991.00 368,869.00
            Cash and Cash Equivalents 162,285.00 141,610.00 210,950.00 348,926.00
            Short-Term Investments 21,994.00 18,102.00 18,041.00 19,943.00
      Net Receivables 13,481.00 12,311.00 8,597.00 4,283.00
      Inventory 0 0 0 0
      Other Current Assets 0 0 0 0
      Property, Plant, Equipment Net 28,806.00 30,018.00 28,375.00 26,471.00
      Real Estate 5,120.00 1,456.00 1,456.00 1,996.00
      Goodwill 0 0 200.00 651.00
      Intangible Assets 0 0 0 0
      Long-Term Investments 0 0 0 0
      Non-Current Deferred Assets 0 0 0 0
      Other Non-Current Assets 0 0 0 0
Liabilities 1,693,281.00 1,485,864.00 1,163,890.00 974,641.00
      Payables and Expenses 0 0 0 0
            Account Payables 0 0 0 0
            Current Accrued Liabilities 0 0 0 0
      Short-Term Debt 0 0 0 0
      Other Current Liabilities 0 0 0 0
      Long-Term Debt 0 0 0 0
      Other Non-Current Liabilities 0 0 0 0
Equity 636,682.00 558,650.00 523,978.00 502,764.00
   Shareholders Equity 955,023.00 837,777.00 785,967.00 754,146.00
      Capital Stock 140.00 142.00 161.00 164.00
      Share Premium 110,091.00 109,924.00 136,434.00 145,335.00
      Retained Earnings 213,974.00 175,505.00 132,670.00 114,323.00
      Treasury Shares 0 0 0 0
      Accumulated Other Comprehensive Income 224.00 317.00 156.00 -139.00
   Minority Interest 0 0 0 0
Investments 22,391.00 19,031.00 78,907.00 65,138.00
Debt 4,717.00 69,196.00 2,896.00 3,100.00
Common Shares Outstanding 14,016.25 14,144.86 16,049.45 16,377.94
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Cost Of Revenue 740.00 972.00 0 0
Interest Income 160,013.00 132,488.00 72,002.00 48,404.00
Interest Expense 57,221.00 35,297.00 8,127.00 5,101.00
Net Interest 102,792.00 97,191.00 63,875.00 43,303.00
Non-Interest Income 2,783.00 3,743.00 1,683.00 2,354.00
Non-Interest Expense 39,062.00 35,221.00 30,690.00 26,473.00
Provisions for Credit Losses 740.00 972.00 0 0
   Selling, General and Administrative Expenses 11,700.00 5,326.00 4,613.00 3,906.00
EBT 141,817.00 78,326.00 34,433.00 15,903.00
Income Tax 37,184.00 18,345.00 9,587.00 3,751.00
Net Income 47,074.00 46,276.00 24,843.00 11,905.00
EBIT 199,038.00 113,623.00 42,560.00 21,004.00
Deprecation and Amortization 1,329.00 984.00 710.00 1,037.00
EBITDA 200,367.00 114,607.00 43,270.00 22,041.00
EPS 0.00 0.00 0.00 0.00
Diluted EPS 0.00 0.00 0.00 0.00
Average Shares Outstanding Basic 13,136.00 13,930.00 15,433.00 15,854.00
Average Shares Outstanding Diluted 13,359.00 13,936.00 15,726.00 15,854.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow 61,373.00 58,723.00 28,086.00 21,964.00
   Operating Net Income 47,074.00 46,276.00 74,529.00 35,715.00
   Deprecation and Amortization 1,329.00 984.00 710.00 1,037.00
   Deferred Income Tax -467.00 -367.00 -1,308.00 118.00
   Share Based Compensation 2,044.00 1,736.00 208.00 0
   Change in Working Capital 3,753.00 2,345.00 4,819.00 3,243.00
   Other Operating Activities 7,640.00 7,749.00 -50,872.00 -18,149.00
Investing Cash Flow -234,129.00 -357,434.00 -265,005.00 -226,028.00
   Capital Expenditure 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 517.00 626.00 3,304.00 6,560.00
   Net Purchase/Sale of Investments Net 5,249.00 11,990.00 11,533.00 30,113.00
   Net Purchase/Sale of Business 0 0 0 0
   Net Loan & Lease Activity 254,886.00 429,062.00 270,614.00 184,428.00
   Other Investing Activities -494,781.00 -799,112.00 -550,456.00 -447,129.00
Financing Cash Flow 183,843.00 256,008.00 155,904.00 325,686.00
   Net Issuance/Repayment of Debt 64,000.00 57,000.00 7,000.00 36.00
   Net Issuance/Repurchase of Equity 6,428.00 28,710.00 9,318.00 95,390.00
   Dividends Paid 7,861.00 3,652.00 6,868.00 2,261.00
   Other Financing Activities 105,554.00 166,646.00 132,718.00 227,999.00
Net Change in Cash 11,087.00 -42,703.00 -81,015.00 121,622.00
   Cash at Beginning of Period 67,172.00 111,374.00 176,323.00 30,647.00
   Cash at End of Period 78,259.00 68,671.00 95,308.00 152,269.00
Free Cash Flow 0 0 0 0
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31
Assets 2,056,246.00 1,973,884.00 1,933,376.00 2,329,963.00 1,967,957.00 1,930,188.00 1,866,908.00 2,044,514.00 1,719,945.00 1,615,652.00 1,502,740.00 1,687,868.00 1,284,905.00 1,221,590.00 1,281,359.00 1,477,405.00 1,108,030.00 1,076,533.00 965,149.00
   Deposits 1,515,394.00 1,479,161.00 1,586,015.00 1,670,375.00 1,628,067.00 1,563,850.00 1,512,002.00 1,400,036.00 1,365,634.00 1,315,816.00 1,208,393.00 1,121,955.00 987,624.00 928,600.00 991,938.00 927,164.00 816,835.00 798,804.00 765,004.00
      Cash and Short-Term Investments 89,852.00 84,718.00 112,752.00 184,279.00 118,336.00 131,885.00 125,468.00 159,712.00 124,437.00 138,018.00 95,311.00 228,991.00 73,239.00 105,106.00 193,993.00 368,869.00 123,130.00 174,105.00 66,044.00
            Cash and Cash Equivalents 64,337.00 59,373.00 89,458.00 162,285.00 97,789.00 113,885.00 107,448.00 141,610.00 106,723.00 119,875.00 77,045.00 210,950.00 54,932.00 86,227.00 174,684.00 348,926.00 108,013.00 163,835.00 55,866.00
            Short-Term Investments 25,515.00 25,345.00 23,294.00 21,994.00 20,547.00 18,000.00 18,020.00 18,102.00 17,714.00 18,143.00 18,266.00 18,041.00 18,307.00 18,879.00 19,309.00 19,943.00 15,117.00 10,270.00 10,178.00
      Net Receivables 12,794.00 12,119.00 12,432.00 13,481.00 13,463.00 13,473.00 12,952.00 12,311.00 11,323.00 10,532.00 9,919.00 8,597.00 6,635.00 5,232.00 4,743.00 4,283.00 4,034.00 3,619.00 3,887.00
      Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Other Current Assets 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Property, Plant, Equipment Net 29,719.00 29,724.00 28,745.00 28,806.00 29,089.00 29,341.00 29,650.00 30,018.00 27,458.00 27,701.00 28,025.00 28,375.00 28,510.00 28,511.00 27,921.00 26,471.00 26,241.00 26,017.00 21,889.00
      Real Estate 545.00 767.00 5,120.00 5,120.00 978.00 1,456.00 1,456.00 1,456.00 1,456.00 1,456.00 1,456.00 1,456.00 1,807.00 1,996.00 1,996.00 1,996.00 1,996.00 1,996.00 1,996.00
      Goodwill 0 0 0 0 0 0 0 0 200.00 200.00 200.00 200.00 651.00 651.00 651.00 651.00 651.00 651.00 651.00
      Intangible Assets 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Long-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Non-Current Deferred Assets 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Other Non-Current Assets 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Liabilities 1,712,203.00 1,637,208.00 1,606,166.00 1,693,281.00 1,658,334.00 1,630,213.00 1,577,984.00 1,485,864.00 1,447,532.00 1,346,092.00 1,240,237.00 1,163,890.00 1,024,868.00 965,278.00 1,026,986.00 974,641.00 859,331.00 915,686.00 808,123.00
      Payables and Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
            Account Payables 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
            Current Accrued Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Short-Term Debt 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Other Current Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Long-Term Debt 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Other Non-Current Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Equity 344,043.00 336,676.00 327,210.00 636,682.00 309,623.00 299,975.00 288,924.00 558,650.00 272,413.00 269,560.00 262,503.00 523,978.00 260,037.00 256,312.00 254,373.00 502,764.00 248,699.00 160,847.00 157,026.00
   Shareholders Equity 344,043.00 336,676.00 327,210.00 955,023.00 309,623.00 299,975.00 288,924.00 837,777.00 272,413.00 269,560.00 262,503.00 785,967.00 260,037.00 256,312.00 254,373.00 754,146.00 248,699.00 160,847.00 157,026.00
      Capital Stock 140.00 140.00 140.00 140.00 140.00 140.00 141.00 142.00 145.00 150.00 153.00 161.00 162.00 164.00 164.00 164.00 164.00 132.00 132.00
      Share Premium 112,266.00 111,624.00 110,871.00 110,091.00 109,368.00 108,630.00 109,267.00 109,924.00 114,669.00 123,054.00 126,462.00 136,434.00 142,265.00 145,404.00 145,376.00 145,335.00 145,315.00 56,974.00 56,932.00
      Retained Earnings 236,843.00 230,345.00 221,858.00 213,974.00 205,699.00 197,010.00 185,542.00 175,505.00 164,201.00 153,182.00 142,940.00 132,670.00 125,334.00 118,708.00 117,037.00 114,323.00 111,932.00 112,127.00 108,408.00
      Treasury Shares 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 7,032.00 7,032.00
      Accumulated Other Comprehensive Income 229.00 220.00 211.00 224.00 327.00 323.00 320.00 317.00 178.00 171.00 163.00 156.00 -75.00 -98.00 -120.00 -139.00 -194.00 -188.00 -183.00
   Minority Interest 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 25,925.00 26,430.00 23,691.00 22,391.00 21,259.00 18,712.00 18,634.00 19,031.00 18,643.00 19,072.00 19,189.00 78,907.00 80,012.00 81,773.00 63,469.00 65,138.00 46,713.00 35,932.00 28,407.00
Debt 174,971.00 140,125.00 4,591.00 4,717.00 11,840.00 51,960.00 52,077.00 69,196.00 66,552.00 2,661.00 2,776.00 2,896.00 2,734.00 2,858.00 2,979.00 3,100.00 3,223.00 3,342.00 3,458.00
Net Debt 85,119.00 55,407.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Common Shares Outstanding 14,027.24 14,023.38 14,023.38 14,016.25 14,020.60 13,990.60 14,065.80 14,144.86 14,481.61 15,036.94 15,325.83 16,049.45 16,214.53 16,377.94 16,377.94 16,377.94 16,377.94 12,194.61 12,194.61
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31
Cost Of Revenue 237.00 237.00 237.00 -102.00 286.00 391.00 165.00 -407.00 767.00 611.00 1.00 0 0 0 0 0 0 0 0
Interest Income 115,525.00 76,246.00 38,207.00 -76,007.00 119,541.00 78,358.00 38,121.00 -51,611.00 95,362.00 60,226.00 28,511.00 -16,879.00 47,496.00 28,112.00 13,273.00 -22,500.00 35,588.00 23,496.00 11,820.00
Interest Expense 40,247.00 26,908.00 13,943.00 -25,111.00 42,047.00 27,150.00 13,135.00 -7,123.00 23,377.00 13,370.00 5,673.00 -433.00 4,568.00 2,644.00 1,348.00 -3,072.00 3,945.00 2,763.00 1,465.00
Net Interest 75,278.00 49,338.00 24,264.00 -50,896.00 77,494.00 51,208.00 24,986.00 -44,488.00 71,985.00 46,856.00 22,838.00 -16,446.00 42,928.00 25,468.00 11,925.00 -19,428.00 31,643.00 20,733.00 10,355.00
Non-Interest Income 3,107.00 2,093.00 1,235.00 -1,690.00 2,634.00 1,285.00 554.00 -1,864.00 2,357.00 2,135.00 1,115.00 127.00 904.00 594.00 58.00 -1,063.00 1,753.00 1,221.00 443.00
Non-Interest Expense 31,478.00 21,127.00 10,619.00 -18,938.00 29,140.00 19,179.00 9,681.00 -16,028.00 25,987.00 17,071.00 8,191.00 -12,808.00 22,051.00 14,227.00 7,220.00 -12,663.00 19,718.00 12,864.00 6,554.00
Provisions for Credit Losses 237.00 237.00 237.00 1,582.00 -286.00 -391.00 -165.00 -407.00 767.00 611.00 1.00 0 0 0 0 0 0 0 0
   Selling, General and Administrative Expenses 9,748.00 6,416.00 3,168.00 3,112.00 4,350.00 2,806.00 1,432.00 -2,486.00 3,948.00 2,631.00 1,233.00 -2,000.00 3,334.00 2,186.00 1,093.00 -1,929.00 2,835.00 1,916.00 1,084.00
EBT 46,670.00 30,067.00 14,643.00 40,814.00 51,274.00 33,705.00 16,024.00 -16,332.00 47,588.00 31,309.00 15,761.00 -3,946.00 21,781.00 11,835.00 4,763.00 -7,465.00 10,068.00 9,073.00 4,227.00
Income Tax 13,068.00 8,330.00 4,076.00 8,585.00 14,416.00 9,533.00 4,650.00 -8,563.00 13,413.00 8,978.00 4,517.00 471.00 5,201.00 2,797.00 1,118.00 -1,710.00 2,372.00 2,107.00 982.00
Net Income 33,602.00 21,737.00 10,567.00 -25,330.00 36,858.00 24,172.00 11,374.00 -21,474.00 34,175.00 22,331.00 11,244.00 -4,420.00 16,580.00 9,038.00 3,645.00 -6,002.00 7,696.00 6,966.00 3,245.00
EBIT 86,917.00 56,975.00 28,586.00 15,703.00 93,321.00 60,855.00 29,159.00 -23,455.00 70,965.00 44,679.00 21,434.00 -4,379.00 26,349.00 14,479.00 6,111.00 -10,537.00 14,013.00 11,836.00 5,692.00
Deprecation and Amortization 1,157.00 838.00 357.00 -636.00 1,021.00 662.00 282.00 -298.00 671.00 424.00 187.00 -283.00 497.00 330.00 166.00 -626.00 810.00 548.00 305.00
EBITDA 88,074.00 57,813.00 28,943.00 15,067.00 94,342.00 61,517.00 29,441.00 -23,753.00 71,636.00 45,103.00 21,621.00 -4,662.00 26,846.00 14,809.00 6,277.00 -11,163.00 14,823.00 12,384.00 5,997.00
EPS 0.00 0.00 0.00 -0.00 0.00 0.00 0.00 -0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0 0 0
Diluted EPS 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0 0 0
Average Shares Outstanding Basic 13,228.00 13,204.00 13,192.00 13,199.00 13,108.00 13,119.00 13,118.00 12,606.00 14,143.00 14,322.00 14,649.00 15,160.00 15,515.00 15,534.00 15,523.00 15,854.00 0 0 0
Average Shares Outstanding Diluted 13,626.00 13,563.00 13,560.00 13,761.00 13,279.00 13,205.00 13,191.00 12,495.00 14,192.00 14,361.00 14,696.00 16,332.00 15,515.00 15,534.00 15,523.00 15,854.00 0 0 0
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31
Operating Cash Flow 40,616.00 26,566.00 10,943.00 -14,015.00 38,450.00 24,030.00 12,908.00 -1,037.00 30,866.00 17,945.00 10,949.00 5,532.00 14,447.00 7,279.00 828.00 -2,463.00 12,650.00 7,179.00 4,598.00
   Operating Net Income 33,602.00 21,737.00 10,567.00 -25,330.00 36,858.00 24,172.00 11,374.00 -21,474.00 34,175.00 22,331.00 11,244.00 45,266.00 16,580.00 9,038.00 3,645.00 17,808.00 7,696.00 6,966.00 3,245.00
   Deprecation and Amortization 1,157.00 838.00 357.00 -636.00 1,021.00 662.00 282.00 -298.00 671.00 424.00 187.00 -283.00 497.00 330.00 166.00 -626.00 810.00 548.00 305.00
   Deferred Income Tax -324.00 -242.00 -136.00 502.00 -553.00 -319.00 -97.00 641.00 -830.00 -89.00 -89.00 738.00 -1,235.00 -785.00 -26.00 -77.00 -347.00 745.00 -203.00
   Share Based Compensation 1,464.00 957.00 478.00 -658.00 1,370.00 888.00 444.00 -862.00 1,299.00 866.00 433.00 208.00 0 0 0 0 0 0 0
   Change in Working Capital -1,309.00 -1,715.00 -3,873.00 12,241.00 -1,127.00 -1,483.00 -5,878.00 -2,995.00 5,471.00 2,642.00 -2,773.00 5,782.00 2,153.00 -115.00 -3,001.00 3,769.00 -212.00 405.00 -719.00
   Other Operating Activities 6,026.00 4,991.00 3,550.00 -134.00 881.00 110.00 6,783.00 23,951.00 -9,920.00 -8,229.00 1,947.00 -46,179.00 -3,548.00 -1,189.00 44.00 -23,337.00 4,703.00 -1,485.00 1,970.00
Investing Cash Flow -62,942.00 14,866.00 86,038.00 128,696.00 -174,690.00 -120,798.00 -67,337.00 184,906.00 -280,099.00 -163,698.00 -98,543.00 -10,151.00 -156,566.00 -62,697.00 -35,591.00 -95,543.00 -105,167.00 -14,025.00 -11,293.00
   Capital Expenditure 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 1,575.00 1,133.00 382.00 -129.00 377.00 201.00 68.00 -67.00 380.00 217.00 96.00 -4,676.00 3,236.00 2,861.00 1,883.00 -4,759.00 5,699.00 5,073.00 547.00
   Net Purchase/Sale of Investments Net 6,324.00 3,755.00 1,128.00 1,840.00 2,805.00 476.00 128.00 -9,483.00 10,862.00 10,468.00 143.00 -10,688.00 11,206.00 10,775.00 240.00 5,040.00 19,586.00 5,043.00 444.00
   Net Purchase/Sale of Business 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Net Loan & Lease Activity 254,886.00 429,062.00 270,614.00 184,428.00
   Other Investing Activities -71,576.00 9,421.00 84,148.00 274,822.00 -377,897.00 -249,613.00 -142,093.00 445,777.00 -636,746.00 -403,040.00 -205,103.00 -21,767.00 -324,905.00 -131,305.00 -72,479.00 -273,956.00 -133,600.00 -27,289.00 -12,284.00
Financing Cash Flow 8,404.00 -60,318.00 -85,782.00 -216,703.00 165,358.00 141,982.00 93,206.00 -244,291.00 260,648.00 170,320.00 69,331.00 64,568.00 44,782.00 -10,624.00 57,178.00 99,487.00 131,339.00 101,490.00 -6,630.00
   Net Issuance/Repayment of Debt 440,000.00 135,000.00 0 73,000.00 -43,000.00 17,000.00 17,000.00 -14,000.00 57,000.00 7,000.00 7,000.00 -14,000.00 7,000.00 7,000.00 7,000.00 36.00 0 0 0
   Net Issuance/Repurchase of Equity 159.00 0 0 187.00 2,488.00 2,488.00 1,265.00 -19,642.00 23,388.00 14,442.00 10,522.00 6,123.00 3,195.00 0 0 -74,933.00 95,390.00 74,933.00 0
   Dividends Paid 7,712.00 4,907.00 2,102.00 1,102.00 3,655.00 2,255.00 849.00 -1,985.00 2,785.00 1,883.00 969.00 -4,924.00 5,896.00 4,913.00 983.00 545.00 1,278.00 295.00 143.00
   Other Financing Activities -439,467.00 -200,225.00 -87,884.00 -290,992.00 202,215.00 120,239.00 74,092.00 -208,664.00 177,475.00 146,995.00 50,840.00 77,369.00 28,691.00 -22,537.00 49,195.00 173,839.00 34,671.00 26,262.00 -6,773.00
Net Change in Cash -13,922.00 -18,886.00 11,199.00 -102,022.00 29,118.00 45,214.00 38,777.00 -60,422.00 11,415.00 24,567.00 -18,263.00 59,949.00 -97,337.00 -66,042.00 22,415.00 1,481.00 38,822.00 94,644.00 -13,325.00
   Cash at Beginning of Period 78,259.00 78,259.00 78,259.00 180,281.00 68,671.00 68,671.00 68,671.00 129,093.00 95,308.00 95,308.00 95,308.00 35,359.00 152,269.00 152,269.00 152,269.00 150,788.00 69,191.00 69,191.00 69,191.00
   Cash at End of Period 64,337.00 59,373.00 89,458.00 78,259.00 97,789.00 113,885.00 107,448.00 68,671.00 106,723.00 119,875.00 77,045.00 95,308.00 54,932.00 86,227.00 174,684.00 152,269.00 108,013.00 163,835.00 55,866.00
Free Cash Flow 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0