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FIRST MID BANCSHARES INC (FMBH) Stock Fundamental Analysis

NASDAQ:FMBH - Nasdaq - US3208661062 - Common Stock - Currency: USD

38.88  -0.77 (-1.94%)

After market: 38.88 0 (0%)

Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to FMBH. FMBH was compared to 397 industry peers in the Banks industry. Both the profitability and financial health of FMBH have multiple concerns. FMBH has a decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

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3

1. Profitability

1.1 Basic Checks

In the past year FMBH was profitable.
FMBH had a positive operating cash flow in the past year.
Each year in the past 5 years FMBH has been profitable.
Each year in the past 5 years FMBH had a positive operating cash flow.
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's Return On Assets of 1.06% is fine compared to the rest of the industry. FMBH outperforms 70.28% of its industry peers.
FMBH has a Return On Equity of 9.25%. This is comparable to the rest of the industry: FMBH outperforms 57.93% of its industry peers.
Industry RankSector Rank
ROA 1.06%
ROE 9.25%
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 24.46%, FMBH is in line with its industry, outperforming 54.91% of the companies in the same industry.
FMBH's Profit Margin has declined in the last couple of years.
The Operating Margin and Gross Margin are not available for FMBH so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) 24.46%
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.
The number of shares outstanding for FMBH has been increased compared to 1 year ago.
Compared to 5 years ago, FMBH has more shares outstanding
Compared to 1 year ago, FMBH has an improved debt to assets ratio.
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

FMBH has a debt to FCF ratio of 2.35. This is a good value and a sign of high solvency as FMBH would need 2.35 years to pay back of all of its debts.
With a Debt to FCF ratio value of 2.35, FMBH perfoms like the industry average, outperforming 43.07% of the companies in the same industry.
A Debt/Equity ratio of 0.37 indicates that FMBH is not too dependend on debt financing.
The Debt to Equity ratio of FMBH (0.37) is worse than 74.06% of its industry peers.
Although FMBH does not score too well on debt/equity it has very limited outstanding debt, which is well covered by the FCF. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
Industry RankSector Rank
Debt/Equity 0.37
Debt/FCF 2.35
Altman-Z N/A
ROIC/WACCN/A
WACC12.42%
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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5

3. Growth

3.1 Past

The Earnings Per Share has grown by an nice 17.29% 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 11.82% in the past year. This is quite good.
Measured over the past years, FMBH shows a quite strong growth in Revenue. The Revenue has been growing by 12.33% on average per year.
EPS 1Y (TTM)17.29%
EPS 3Y-1.26%
EPS 5Y3.13%
EPS Q2Q%11.63%
Revenue 1Y (TTM)11.82%
Revenue growth 3Y11.01%
Revenue growth 5Y12.33%
Sales Q2Q%7.1%

3.2 Future

FMBH is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 9.15% yearly.
FMBH is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.02% yearly.
EPS Next Y13.5%
EPS Next 2Y9.15%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year8.06%
Revenue Next 2Y6.02%
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.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
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

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6

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 11.24, the valuation of FMBH can be described as very reasonable.
Compared to the rest of the industry, the Price/Earnings ratio of FMBH indicates a somewhat cheap valuation: FMBH is cheaper than 70.28% of the companies listed in the same industry.
FMBH is valuated cheaply when we compare the Price/Earnings ratio to 27.30, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 9.71 indicates a reasonable valuation of FMBH.
FMBH's Price/Forward Earnings ratio is in line with the industry average.
When comparing the Price/Forward Earnings ratio of FMBH to the average of the S&P500 Index (21.76), we can say FMBH is valued rather cheaply.
Industry RankSector Rank
PE 11.24
Fwd PE 9.71
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

86.65% of the companies in the same industry are more expensive than FMBH, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 6.77
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)0.83
PEG (5Y)3.59
EPS Next 2Y9.15%
EPS Next 3YN/A

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5

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 2.42%, FMBH has a reasonable but not impressive dividend return.
FMBH's Dividend Yield is slightly below the industry average, which is at 3.30.
Compared to an average S&P500 Dividend Yield of 2.37, FMBH has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 2.42%

5.2 History

The dividend of FMBH has a limited annual growth rate of 5.65%.
FMBH has been paying a dividend for at least 10 years, so it has a reliable track record.
As FMBH did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
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 28.09% 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.
DP28.09%
EPS Next 2Y9.15%
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 (7/11/2025, 8:12:59 PM)

After market: 38.88 0 (0%)

38.88

-0.77 (-1.94%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)04-30 2025-04-30/amc
Earnings (Next)07-24 2025-07-24/bmo
Inst Owners46.69%
Inst Owner Change0%
Ins Owners5.07%
Ins Owner Change1.94%
Market Cap932.73M
Analysts78.46
Price Target42.99 (10.57%)
Short Float %1.04%
Short Ratio3.17
Dividend
Industry RankSector Rank
Dividend Yield 2.42%
Yearly Dividend0.94
Dividend Growth(5Y)5.65%
DP28.09%
Div Incr Years6
Div Non Decr Years6
Ex-Date05-15 2025-05-15 (0.24)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)1.96%
Min EPS beat(2)0.61%
Max EPS beat(2)3.32%
EPS beat(4)3
Avg EPS beat(4)0.04%
Min EPS beat(4)-5.43%
Max EPS beat(4)3.32%
EPS beat(8)4
Avg EPS beat(8)-3.35%
EPS beat(12)6
Avg EPS beat(12)-2.51%
EPS beat(16)9
Avg EPS beat(16)-0.61%
Revenue beat(2)0
Avg Revenue beat(2)-1.21%
Min Revenue beat(2)-2.23%
Max Revenue beat(2)-0.18%
Revenue beat(4)0
Avg Revenue beat(4)-1.45%
Min Revenue beat(4)-3.38%
Max Revenue beat(4)-0.02%
Revenue beat(8)2
Avg Revenue beat(8)-0.92%
Revenue beat(12)5
Avg Revenue beat(12)6%
Revenue beat(16)9
Avg Revenue beat(16)14.33%
PT rev (1m)0%
PT rev (3m)-4.53%
EPS NQ rev (1m)-0.46%
EPS NQ rev (3m)3.57%
EPS NY rev (1m)0.15%
EPS NY rev (3m)3.55%
Revenue NQ rev (1m)-0.21%
Revenue NQ rev (3m)4.29%
Revenue NY rev (1m)0%
Revenue NY rev (3m)3.76%
Valuation
Industry RankSector Rank
PE 11.24
Fwd PE 9.71
P/S 2.83
P/FCF 6.77
P/OCF 6.51
P/B 1.07
P/tB 1.52
EV/EBITDA N/A
EPS(TTM)3.46
EY8.9%
EPS(NY)4
Fwd EY10.3%
FCF(TTM)5.75
FCFY14.78%
OCF(TTM)5.97
OCFY15.36%
SpS13.73
BVpS36.3
TBVpS25.52
PEG (NY)0.83
PEG (5Y)3.59
Profitability
Industry RankSector Rank
ROA 1.06%
ROE 9.25%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 24.46%
GM N/A
FCFM 41.86%
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 0.37
Debt/FCF 2.35
Debt/EBITDA N/A
Cap/Depr 26.4%
Cap/Sales 1.64%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 171.12%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score8
WACC12.42%
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)17.29%
EPS 3Y-1.26%
EPS 5Y3.13%
EPS Q2Q%11.63%
EPS Next Y13.5%
EPS Next 2Y9.15%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)11.82%
Revenue growth 3Y11.01%
Revenue growth 5Y12.33%
Sales Q2Q%7.1%
Revenue Next Year8.06%
Revenue Next 2Y6.02%
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 1Y145.88%
FCF growth 3Y21.94%
FCF growth 5Y15.26%
OCF growth 1Y131.07%
OCF growth 3Y21.37%
OCF growth 5Y14.64%