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FIRST MID BANCSHARES INC (FMBH) Stock Fundamental Analysis

USA - NASDAQ:FMBH - US3208661062 - Common Stock

39.13 USD
-0.25 (-0.63%)
Last: 9/16/2025, 1:45:00 PM
Fundamental Rating

4

Overall FMBH gets a fundamental rating of 4 out of 10. We evaluated FMBH against 392 industry peers in the Banks industry. Both the profitability and financial health of FMBH have multiple concerns. FMBH has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

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3

1. Profitability

1.1 Basic Checks

In the past year FMBH was profitable.
In the past year FMBH had a positive cash flow from operations.
FMBH had positive earnings in each of the past 5 years.
In the past 5 years FMBH always reported a positive cash flow from operatings.
FMBH Yearly Net Income VS EBIT VS OCF VS FCFFMBH Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M

1.2 Ratios

FMBH has a better Return On Assets (1.10%) than 73.47% of its industry peers.
Looking at the Return On Equity, with a value of 9.42%, FMBH is in line with its industry, outperforming 59.44% of the companies in the same industry.
Industry RankSector Rank
ROA 1.1%
ROE 9.42%
ROIC N/A
ROA(3y)1.01%
ROA(5y)0.97%
ROE(3y)9.85%
ROE(5y)9.13%
ROIC(3y)N/A
ROIC(5y)N/A
FMBH Yearly ROA, ROE, ROICFMBH Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2 4 6 8 10

1.3 Margins

Looking at the Profit Margin, with a value of 24.96%, FMBH is in line with its industry, outperforming 58.93% of the companies in the same industry.
FMBH's Profit Margin has declined in the last couple of years.
FMBH does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) 24.96%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y3.85%
PM growth 5Y-1.64%
GM growth 3YN/A
GM growth 5YN/A
FMBH Yearly Profit, Operating, Gross MarginsFMBH Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15 20 25

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2

2. Health

2.1 Basic Checks

FMBH does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, FMBH has more shares outstanding
Compared to 5 years ago, FMBH has more shares outstanding
FMBH has a better debt/assets ratio than last year.
FMBH Yearly Shares OutstandingFMBH Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5M 10M 15M 20M
FMBH Yearly Total Debt VS Total AssetsFMBH Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B

2.2 Solvency

The Debt to FCF ratio of FMBH is 2.46, which is a good value as it means it would take FMBH, 2.46 years of fcf income to pay off all of its debts.
FMBH has a Debt to FCF ratio (2.46) which is in line with its industry peers.
A Debt/Equity ratio of 0.33 indicates that FMBH is not too dependend on debt financing.
FMBH's Debt to Equity ratio of 0.33 is on the low side compared to the rest of the industry. FMBH is outperformed by 70.41% of its industry peers.
Even though the debt/equity ratio score it not favorable for FMBH, it has very limited outstanding debt, so we won't put too much weight on the DE evaluation.
Industry RankSector Rank
Debt/Equity 0.33
Debt/FCF 2.46
Altman-Z N/A
ROIC/WACCN/A
WACC12.3%
FMBH Yearly LT Debt VS Equity VS FCFFMBH Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
FMBH Yearly Current Assets VS Current LiabilitesFMBH Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M

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6

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 22.22% over the past year.
FMBH shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 3.13% yearly.
The Revenue has grown by 8.26% in the past year. This is quite good.
FMBH shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 12.33% yearly.
EPS 1Y (TTM)22.22%
EPS 3Y-1.26%
EPS 5Y3.13%
EPS Q2Q%20.73%
Revenue 1Y (TTM)8.26%
Revenue growth 3Y11.01%
Revenue growth 5Y12.33%
Sales Q2Q%12.5%

3.2 Future

The Earnings Per Share is expected to grow by 11.12% on average over the next years. This is quite good.
FMBH is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.39% yearly.
EPS Next Y16.41%
EPS Next 2Y11.12%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year10.68%
Revenue Next 2Y7.39%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
FMBH Yearly Revenue VS EstimatesFMBH Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 100M 200M 300M
FMBH Yearly EPS VS EstimatesFMBH Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3 4

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6

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 10.78, which indicates a very decent valuation of FMBH.
Based on the Price/Earnings ratio, FMBH is valued a bit cheaper than the industry average as 72.70% of the companies are valued more expensively.
When comparing the Price/Earnings ratio of FMBH to the average of the S&P500 Index (27.27), we can say FMBH is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 9.43, the valuation of FMBH can be described as reasonable.
FMBH's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. FMBH is cheaper than 64.80% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of FMBH to the average of the S&P500 Index (22.77), we can say FMBH is valued rather cheaply.
Industry RankSector Rank
PE 10.78
Fwd PE 9.43
FMBH Price Earnings VS Forward Price EarningsFMBH Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Based on the Price/Free Cash Flow ratio, FMBH is valued cheaply inside the industry as 83.93% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 7.76
EV/EBITDA N/A
FMBH Per share dataFMBH EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

4.3 Compensation for Growth

The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)0.66
PEG (5Y)3.44
EPS Next 2Y11.12%
EPS Next 3YN/A

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6

5. Dividend

5.1 Amount

FMBH has a Yearly Dividend Yield of 2.49%. Purely for dividend investing, there may be better candidates out there.
FMBH's Dividend Yield is comparable with the industry average which is at 3.73.
FMBH's Dividend Yield is comparable with the S&P500 average which is at 2.38.
Industry RankSector Rank
Dividend Yield 2.49%

5.2 History

The dividend of FMBH has a limited annual growth rate of 5.65%.
FMBH has paid a dividend for at least 10 years, which is a reliable track record.
FMBH has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
Dividend Growth(5Y)5.65%
Div Incr Years6
Div Non Decr Years6
FMBH Yearly Dividends per shareFMBH Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6 0.8

5.3 Sustainability

FMBH pays out 27.16% of its income as dividend. This is a sustainable payout ratio.
The dividend of FMBH is growing, but earnings are growing more, so the dividend growth is sustainable.
DP27.16%
EPS Next 2Y11.12%
EPS Next 3YN/A
FMBH Yearly Income VS Free CF VS DividendFMBH Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M
FMBH Dividend Payout.FMBH Dividend Payout, showing the Payout Ratio.FMBH Dividend Payout.PayoutRetained Earnings

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FIRST MID BANCSHARES INC

NASDAQ:FMBH (9/16/2025, 1:45:00 PM)

39.13

-0.25 (-0.63%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)07-24 2025-07-24/bmo
Earnings (Next)10-29 2025-10-29/bmo
Inst Owners46.75%
Inst Owner Change-1.48%
Ins Owners5.07%
Ins Owner Change-0.06%
Market Cap939.12M
Analysts78.46
Price Target46.34 (18.43%)
Short Float %0.65%
Short Ratio2.25
Dividend
Industry RankSector Rank
Dividend Yield 2.49%
Yearly Dividend0.94
Dividend Growth(5Y)5.65%
DP27.16%
Div Incr Years6
Div Non Decr Years6
Ex-Date08-15 2025-08-15 (0.25)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)3.32%
Min EPS beat(2)0.61%
Max EPS beat(2)6.03%
EPS beat(4)3
Avg EPS beat(4)1.13%
Min EPS beat(4)-5.43%
Max EPS beat(4)6.03%
EPS beat(8)4
Avg EPS beat(8)-3.52%
EPS beat(12)7
Avg EPS beat(12)-1.48%
EPS beat(16)10
Avg EPS beat(16)0.24%
Revenue beat(2)1
Avg Revenue beat(2)0.78%
Min Revenue beat(2)-0.18%
Max Revenue beat(2)1.74%
Revenue beat(4)1
Avg Revenue beat(4)-1.01%
Min Revenue beat(4)-3.38%
Max Revenue beat(4)1.74%
Revenue beat(8)3
Avg Revenue beat(8)-0.46%
Revenue beat(12)5
Avg Revenue beat(12)3.26%
Revenue beat(16)9
Avg Revenue beat(16)11.65%
PT rev (1m)0%
PT rev (3m)7.8%
EPS NQ rev (1m)2.12%
EPS NQ rev (3m)4.94%
EPS NY rev (1m)2.35%
EPS NY rev (3m)2.72%
Revenue NQ rev (1m)1.26%
Revenue NQ rev (3m)3.43%
Revenue NY rev (1m)-2.62%
Revenue NY rev (3m)2.42%
Valuation
Industry RankSector Rank
PE 10.78
Fwd PE 9.43
P/S 2.78
P/FCF 7.76
P/OCF 7.39
P/B 1.05
P/tB 1.47
EV/EBITDA N/A
EPS(TTM)3.63
EY9.28%
EPS(NY)4.15
Fwd EY10.6%
FCF(TTM)5.04
FCFY12.88%
OCF(TTM)5.29
OCFY13.53%
SpS14.07
BVpS37.26
TBVpS26.61
PEG (NY)0.66
PEG (5Y)3.44
Profitability
Industry RankSector Rank
ROA 1.1%
ROE 9.42%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 24.96%
GM N/A
FCFM 35.83%
ROA(3y)1.01%
ROA(5y)0.97%
ROE(3y)9.85%
ROE(5y)9.13%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y3.85%
PM growth 5Y-1.64%
GM growth 3YN/A
GM growth 5YN/A
F-Score8
Asset Turnover0.04
Health
Industry RankSector Rank
Debt/Equity 0.33
Debt/FCF 2.46
Debt/EBITDA N/A
Cap/Depr 29.88%
Cap/Sales 1.8%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 143.57%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score8
WACC12.3%
ROIC/WACCN/A
Cap/Depr(3y)27.18%
Cap/Depr(5y)25.63%
Cap/Sales(3y)1.59%
Cap/Sales(5y)1.53%
Profit Quality(3y)111.5%
Profit Quality(5y)119.46%
High Growth Momentum
Growth
EPS 1Y (TTM)22.22%
EPS 3Y-1.26%
EPS 5Y3.13%
EPS Q2Q%20.73%
EPS Next Y16.41%
EPS Next 2Y11.12%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)8.26%
Revenue growth 3Y11.01%
Revenue growth 5Y12.33%
Sales Q2Q%12.5%
Revenue Next Year10.68%
Revenue Next 2Y7.39%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1YN/A
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y51.79%
FCF growth 3Y21.94%
FCF growth 5Y15.26%
OCF growth 1Y51.47%
OCF growth 3Y21.37%
OCF growth 5Y14.64%