FIRST MID BANCSHARES, INC. FMBH

Financials SIC 6022 - State Commercial Banks NAICS Finance and Insurance › Credit Intermediation and Related Activities › Depository Credit Intermediation › Commercial Banking derived Nasdaq

First Mid Bancshares, Inc. (the "Company"), is a financial holding company. The Company is engaged in the business of banking through its wholly owned subsidiary, First Mid Bank & Trust, N.A. ("First Mid Bank"). The Company offers insurance products and services to customers through its wholly owned subsidiary, First Mid Insurance Group, Inc. ("First Mid Insurance"). The Company offers trust, farm services, investment services, and retirement planning through its wholly owned subsidiary, First Mid Wealth Management Company. The Company also wholly owns a captive insurance company, First Mid Captive, Inc. Through First Mid Bank, the Company owns an investment subsidiary, First Mid Investments, Inc. In addition, the Company wholly owns five statutory business trusts, First Mid-Illinois Statutory Trust II ("First Mid Trust II"), Clover Leaf Statutory Trust I ("CLST Trust"), FBTC Statutory Trust I ("FBTCST I"), Blackhawk Statutory Trust I (BHST I), and Blackhawk Statutory Trust II (BHST II) all of which are unconsolidated subsidiaries of the Company. On August 15, 2023, the Company acquired Blackhawk Bank, which was merged into First Mid Bank on December 1, 2023. During the quarter ended September 30, 2024, the Company acquired Mid Rivers Insurance Group, Inc. which was subsequently merged into First Mid Insurance.

Last close 50.74 2026-10-23
Market cap $1.35B 2026-06-30 share count
52-week range 34.16 - 53.36

Valuation FY2025 figures against the last close

P/S3.6x
P/E13.2x
P/FCF10.9x
EV/EBITDA—
Dividend yield1.7%
Diluted EPS3.83

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $373.0M$357.4M$300.2M$215.9M$183.0M$144.1M$149.7M$124.6M$99.6M$75.5M
Interest expense $256.2M$228.7M$193.5M$184.3M$15.3M$16.7M$24.0M$12.8M$6.5M$4.3M
Pre-tax income $117.0M$104.4M$88.4M$91.3M$66.8M$59.7M$63.3M$48.5M$41.7M$33.8M
Income tax $25.3M$25.5M$19.5M$18.3M$15.3M$14.5M$15.3M$11.9M$15.0M$11.9M
Net income $91.7M$78.9M$68.9M$73.0M$51.5M$45.3M$47.9M$36.6M$26.7M$21.8M
EPS, basic 3.843.313.173.622.882.712.882.532.132.07
EPS, diluted 3.833.303.153.602.872.702.872.522.132.05
Shares, diluted (wtd. avg.) 24.0M23.9M21.9M20.2M17.9M16.8M16.7M14.5M12.5M10.7M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents ——————$85.1M$141.4M$88.9M$175.9M
Short-term investments $1.08B$1.06B$1.17B$1.22B$1.42B$879.2M$686.0M$692.3M$578.6M$619.8M
Property, plant and equipment $90.8M$100.2M$101.4M$90.5M$81.5M$58.2M$59.5M$59.1M$38.3M$40.3M
Goodwill $203.4M$203.4M$196.5M$140.4M$111.9M$105.0M$105.0M$105.3M$60.1M$57.8M
Other intangibles $49.6M$58.5M$67.8M$29.5M$29.5M$23.1M$28.3M$33.8M$10.7M$12.8M
Total assets $7.97B$7.52B$7.59B$6.74B$5.99B$4.73B$3.84B$3.84B$2.84B$2.88B
Short-term debt ————————$0$4.0M
Long-term debt $354.5M—————$0$7.7M$10.3M$14.1M
Total liabilities $7.01B$6.67B$6.79B$6.11B$5.35B$4.16B$3.31B$3.36B$2.53B$2.60B
Retained earnings $463.5M$395.2M$338.7M$289.3M$234.2M$197.7M$166.7M$131.4M$104.7M$86.2M
Total equity $958.7M$846.4M$793.2M$633.2M$633.9M$568.2M$526.6M$475.9M$308.0M$280.7M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $130.9M$124.4M$72.4M$65.8M$69.6M$63.5M$62.8M$42.2M$46.2M$27.4M
Depreciation and amortisation $19.8M$20.8M$14.9M$15.1M$14.4M$11.7M$10.8M$7.9M$8.1M$7.9M
Stock-based compensation $2.6M$2.4M$1.7M$1.8M$1.3M$774.0K$453.0K$294.0K$954.0K$384.0K
Capital expenditure $6.8M$4.9M$3.6M$5.0M$3.7M$2.5M$4.1M$3.1M$1.3M$695.0K
Investing cash flow -$302.6M-$7.5M$474.4M-$178.7M-$482.5M-$562.4M-$32.1M-$11.0M-$56.0M-$78.1M
Financing cash flow $305.5M-$138.8M-$556.2M$96.7M$164.2M$831.1M-$87.1M$21.3M-$77.2M$110.8M
Dividends paid $23.4M$22.4M$19.6M$17.8M$14.7M$12.8M$11.9M$8.8M$7.2M$5.3M
Buybacks $724.0K$659.0K$465.0K$340.0K$326.0K$213.0K$1.3M$138.0K$797.0K$0

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-080847.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 100M 200M 300M 400M Revenue, FY2016: 75.5M Net income, FY2016: 21.8M Revenue, FY2017: 99.6M Net income, FY2017: 26.7M Revenue, FY2018: 124.6M Net income, FY2018: 36.6M Revenue, FY2019: 149.7M Net income, FY2019: 47.9M Revenue, FY2020: 144.1M Net income, FY2020: 45.3M Revenue, FY2021: 183M Net income, FY2021: 51.5M Revenue, FY2022: 215.9M Net income, FY2022: 73M Revenue, FY2023: 300.2M Net income, FY2023: 68.9M Revenue, FY2024: 357.4M Net income, FY2024: 78.9M Revenue, FY2025: 373M Net income, FY2025: 91.7M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $75.5M $99.6M $124.6M $149.7M $144.1M $183.0M $215.9M $300.2M $357.4M $373.0M
Gross profit — — — — — — — — — —
Net income $21.8M $26.7M $36.6M $47.9M $45.3M $51.5M $73.0M $68.9M $78.9M $91.7M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Material agreement signed Item 1.01
  • Material agreement terminated An agreement that mattered has ended. Often the other half of a deal that fell through. Item 1.02
  • New debt or obligation Item 2.03
  • Acquisition or disposal completed A purchase or sale of a significant business or asset has closed. Item 2.01
  • New debt or obligation Item 2.03

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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