First Mid Bancshares, Inc.

First Mid Bancshares, Inc.

FMBH
First Mid Bancshares, Inc.US flagNASDAQ Global Market
51.33
USD
+0.25
- -
1.37BMarket Cap
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
TTM
Revenue per Share
11.77
8.49
8.5
9.11
9.66
9.95
10.69
11.05
13.1
12.63
12.62
13.39
14.34
15.16
Basic EPS, GAAP
1.75
1.38
1.59
1.99
2.13
2.53
2.88
2.71
2.88
3.62
3.17
3.31
3.84
4.05
Free Cash Flow per Basic Share
3.95
2.02
2.25
2.53
3.58
2.7
3.52
3.65
3.68
3.01
3.16
5.02
5.2
4.82
Dividend per Share
1.03
0.85
0.61
0.62
0.58
0.61
0.71
0.77
0.82
0.88
0.9
0.94
0.98
0.99
Book Value per Share
16.54
19.55
21.01
22.51
24.32
28.59
31.58
33.94
35.06
30.96
33.29
35.42
39.97
41.43
Tangible Book Value per Share
11.75
15.63
15.09
16.84
18.73
20.23
23.59
26.29
27.24
22.65
22.2
24.46
29.42
31.15
Basic Weighted Avg Shares
6
8
9
11
13
14
17
17
18
20
22
24
24
25
Sales/Revenue/Turnover
69
70
76
96
121
144
178
185
234
255
275
319
342
375
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
5
4
4
8
8
8
11
12
14
15
15
21
20
21
Net Income, GAAP
15
15
17
22
27
37
48
45
51
73
69
79
92
100
Effective Tax Rate (%)
37.53
37.44
35.83
35.35
36.05
24.54
24.22
24.22
22.91
20.09
22.02
24.42
21.61
22.28
Profit Margin (%)
21.25
22.13
21.64
22.72
22.05
25.38
26.9
24.52
21.97
28.65
25.07
24.76
26.81
26.72
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
41
41
41
82
94
156
155
225
215
595
409
368
368
290
Total Equity
149
165
205
281
308
476
527
568
634
633
793
846
959
1,102
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
10.2
9.63
9.08
9.17
9.07
9.34
9.56
8.27
8.57
11.52
9.67
9.62
10.17
10.05

Capital Structure

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
- -
28
- -
LT Borrowings
354
341
276
LT Finance Leases
13
14
13
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
24
27
27
Market Capitalization
935
1,096
1,279

Working Capital

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
1,085
690
520
Accounts Receivable, Net
40
47
43
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
6
17
4
ST Debt
- -
28
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
17.64%
11.34%
13.27%
Free Cash Flow
23.22%
18.16%
3.81%
Net Income, GAAP
19.77%
16.13%
16.29%
Sales/Revenue/Turnover
16.51%
13.37%
7.42%
Total Cash Common Dividend
22.97%
12.93%
4.58%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
79
78
79
83
319
2025
82
86
87
86
342
2026
95
106
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.86
0.83
0.81
0.8
3.31
2025
0.93
0.98
0.94
0.99
3.84
2026
1.06
1.05
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.23
0.23
0.24
0.24
0.94
2025
0.24
0.24
0.25
0.25
0.98
2026
0.24
0.25
- -
- -
- -

Company Description

CEO
Matthew K. Smith
Full Time Employees
1,316
Sector
Financial Services
Industry
Banks - Regional
Address
1421 Charleston Avenue Mattoon IL United States of America 61938
IPO Date
Mar 16, 1999
Business
First Mid Bancshares, Inc. (Nasdaq: FMBH) operates as a financial holding company that provides community banking products and services to commercial, retail, and agricultural customers through its subsidiaries, including First Mid Bank & Trust, N.A., First Mid Insurance Group, and First Mid Wealth Management Company. The company offers deposit products such as demand deposits, savings accounts, money market deposits, and time deposits; loan products encompassing commercial real estate, commercial and industrial, agricultural and agricultural real estate, residential real estate (owner- and non-owner-occupied), consumer loans, construction and land development, 1-4 family residential properties, multifamily residential properties, and municipal loans for community projects like infrastructure improvements or equipment purchases; wealth management services including estate planning, investment management, trust administration, financial planning, and employee benefit services for businesses; brokerage services; insurance products; and agricultural services such as farm management and brokerage. First Mid conducts operations through a network of locations in Illinois, Missouri, Texas, and Wisconsin, with a loan production office in Indiana, serving individuals, businesses, municipalities, and agricultural clients primarily in the Midwest. Founded in 1865 and headquartered in Mattoon, Illinois, the company manages approximately $7.8 billion in assets. In recent developments, First Mid announced in October 2025 a definitive agreement to acquire Two Rivers Financial Group, Inc. in a 100% stock transaction valued at approximately $94.1 million, expanding its footprint into Iowa markets with an expected close in the first quarter of 2026 pending approvals; completed a core system conversion and closed eight branches; announced the pending acquisition of Ray Farm Management Services; and declared a quarterly dividend of $0.25 per share payable December 1, 2025.

Company News

  • Canada Pension Plan Investment Board Takes $664,000 Position in First Mid Bancshares, Inc. $FMBH

  • Deutsche Bank AG Acquires New Holdings in First Mid Bancshares, Inc. $FMBH

  • 48,104 Shares in First Mid Bancshares, Inc. $FMBH Purchased by Freestone Grove Partners LP

  • Connor Clark & Lunn Investment Management Ltd. Makes New Investment in First Mid Bancshares, Inc. $FMBH

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  • First Mid Bancshares (FMBH) to Report Q2 Results: Wall Street Expects Earnings Growth

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  • A Look at First Mid Bancshares Inc (FMBH) After 3.2% Gain -- GF Value $38.24 vs Price $43.43

  • First Mid Bancshares (FMBH) Beats Q1 Earnings and Revenue Estimates

  • First Mid Names Matt Smith CEO and President; Joe Dively to Transition to Executive Chairman as Part of Planned Succession