Annual Income Statements for First Mid Bancshares
This table shows First Mid Bancshares' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.
Quarterly Income Statements for First Mid Bancshares
This table shows First Mid Bancshares' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Net Income / (Loss) Attributable to Common Shareholders |
|
18 |
21 |
19 |
17 |
15 |
18 |
21 |
20 |
19 |
19 |
22 |
Consolidated Net Income / (Loss) |
|
18 |
21 |
19 |
17 |
15 |
18 |
21 |
20 |
19 |
19 |
22 |
Net Income / (Loss) Continuing Operations |
|
18 |
21 |
19 |
17 |
15 |
18 |
21 |
20 |
19 |
19 |
22 |
Total Pre-Tax Income |
|
23 |
24 |
25 |
21 |
20 |
22 |
27 |
27 |
25 |
25 |
28 |
Total Revenue |
|
65 |
64 |
66 |
62 |
73 |
79 |
80 |
79 |
81 |
85 |
84 |
Net Interest Income / (Expense) |
|
48 |
46 |
43 |
42 |
50 |
57 |
55 |
57 |
58 |
59 |
59 |
Total Interest Income |
|
57 |
61 |
64 |
66 |
80 |
90 |
88 |
89 |
91 |
90 |
88 |
Loans and Leases Interest Income |
|
49 |
53 |
56 |
58 |
69 |
79 |
78 |
80 |
82 |
81 |
80 |
Investment Securities Interest Income |
|
7.30 |
7.29 |
7.13 |
7.19 |
9.28 |
8.52 |
7.41 |
7.41 |
7.04 |
6.99 |
6.78 |
Deposits and Money Market Investments Interest Income |
|
0.14 |
0.23 |
0.22 |
0.47 |
1.90 |
2.61 |
2.43 |
1.71 |
2.34 |
1.56 |
0.86 |
Federal Funds Sold and Securities Borrowed Interest Income |
|
0.04 |
0.07 |
0.09 |
0.10 |
0.11 |
0.12 |
0.02 |
0.01 |
0.03 |
- |
0.00 |
Total Interest Expense |
|
8.50 |
15 |
20 |
24 |
30 |
32 |
32 |
32 |
34 |
31 |
28 |
Deposits Interest Expense |
|
4.92 |
9.23 |
13 |
17 |
22 |
26 |
26 |
26 |
28 |
26 |
24 |
Long-Term Debt Interest Expense |
|
3.15 |
4.65 |
6.25 |
5.46 |
6.32 |
4.80 |
4.05 |
3.97 |
3.85 |
3.42 |
3.25 |
Federal Funds Purchased and Securities Sold Interest Expense |
|
0.43 |
1.16 |
1.46 |
1.72 |
1.63 |
1.75 |
2.06 |
1.62 |
1.44 |
1.33 |
1.18 |
Total Non-Interest Income |
|
17 |
18 |
22 |
19 |
23 |
22 |
24 |
22 |
23 |
26 |
25 |
Trust Fees by Commissions |
|
4.84 |
- |
- |
- |
4.94 |
- |
5.32 |
5.41 |
5.82 |
6.28 |
5.80 |
Other Service Charges |
|
11 |
14 |
13 |
10 |
13 |
8.38 |
18 |
15 |
15 |
21 |
17 |
Net Realized & Unrealized Capital Gains on Investments |
|
0.08 |
-0.05 |
-0.05 |
-0.01 |
3.39 |
0.05 |
0.00 |
-0.16 |
-0.28 |
- |
-0.18 |
Other Non-Interest Income |
|
1.27 |
-6.14 |
7.31 |
6.86 |
1.87 |
12 |
1.12 |
2.23 |
2.31 |
-0.93 |
2.40 |
Provision for Credit Losses |
|
0.14 |
0.81 |
-0.82 |
0.46 |
5.91 |
0.55 |
-0.36 |
1.08 |
1.27 |
3.64 |
1.65 |
Total Non-Interest Expense |
|
42 |
39 |
42 |
40 |
47 |
57 |
53 |
51 |
54 |
56 |
54 |
Salaries and Employee Benefits |
|
25 |
24 |
26 |
24 |
25 |
30 |
30 |
30 |
32 |
32 |
32 |
Net Occupancy & Equipment Expense |
|
5.90 |
6.13 |
6.01 |
6.04 |
6.93 |
7.98 |
7.56 |
7.51 |
8.06 |
7.29 |
8.48 |
Marketing Expense |
|
0.74 |
0.68 |
0.65 |
0.91 |
0.76 |
0.68 |
0.86 |
0.81 |
0.84 |
0.91 |
0.85 |
Property & Liability Insurance Claims |
|
0.48 |
0.46 |
0.46 |
1.08 |
0.79 |
1.02 |
0.87 |
0.90 |
0.83 |
0.86 |
0.85 |
Other Operating Expenses |
|
7.95 |
6.89 |
6.86 |
7.00 |
11 |
14 |
10 |
8.66 |
9.24 |
12 |
9.31 |
Amortization Expense |
|
1.60 |
1.54 |
1.52 |
1.48 |
2.57 |
3.56 |
3.50 |
3.34 |
3.41 |
3.31 |
3.23 |
Income Tax Expense |
|
5.42 |
3.06 |
5.73 |
4.79 |
5.37 |
3.58 |
6.44 |
6.97 |
5.89 |
6.21 |
5.98 |
Basic Earnings per Share |
|
$0.88 |
$1.01 |
$0.94 |
$0.81 |
$0.68 |
$0.74 |
$0.86 |
$0.83 |
$0.81 |
$0.81 |
$0.93 |
Weighted Average Basic Shares Outstanding |
|
20.46M |
20.50M |
20.53M |
20.54M |
23.84M |
23.89M |
23.90M |
23.91M |
23.91M |
23.98M |
23.99M |
Diluted Earnings per Share |
|
$0.88 |
$1.00 |
$0.93 |
$0.80 |
$0.68 |
$0.74 |
$0.86 |
$0.82 |
$0.81 |
$0.81 |
$0.93 |
Weighted Average Diluted Shares Outstanding |
|
20.46M |
20.50M |
20.53M |
20.54M |
23.84M |
23.89M |
23.90M |
23.91M |
23.91M |
23.98M |
23.99M |
Weighted Average Basic & Diluted Shares Outstanding |
|
20.46M |
20.50M |
20.53M |
20.54M |
23.84M |
23.89M |
23.90M |
23.91M |
23.91M |
23.98M |
23.99M |
Annual Cash Flow Statements for First Mid Bancshares
This table details how cash moves in and out of First Mid Bancshares' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.
Metric |
|
2014 |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Net Change in Cash & Equivalents |
|
-13 |
64 |
60 |
-87 |
53 |
-56 |
332 |
-249 |
-16 |
-9.37 |
-22 |
Net Cash From Operating Activities |
|
18 |
22 |
27 |
46 |
42 |
63 |
64 |
70 |
66 |
72 |
124 |
Net Cash From Continuing Operating Activities |
|
18 |
22 |
27 |
46 |
42 |
63 |
64 |
70 |
66 |
72 |
124 |
Net Income / (Loss) Continuing Operations |
|
15 |
17 |
22 |
27 |
37 |
48 |
45 |
51 |
73 |
69 |
79 |
Consolidated Net Income / (Loss) |
|
15 |
17 |
22 |
27 |
37 |
48 |
45 |
51 |
73 |
69 |
79 |
Provision For Loan Losses |
|
0.63 |
1.32 |
2.83 |
7.46 |
8.67 |
6.43 |
16 |
15 |
4.81 |
6.10 |
5.64 |
Depreciation Expense |
|
3.96 |
4.44 |
7.94 |
8.13 |
7.88 |
11 |
12 |
14 |
15 |
15 |
21 |
Non-Cash Adjustments to Reconcile Net Income |
|
-1.65 |
1.14 |
-3.39 |
2.73 |
2.02 |
-3.12 |
-9.84 |
-3.81 |
-5.60 |
6.36 |
-6.88 |
Changes in Operating Assets and Liabilities, net |
|
-0.62 |
-1.41 |
-1.79 |
1.15 |
-13 |
0.73 |
0.29 |
-7.68 |
-21 |
-24 |
26 |
Net Cash From Investing Activities |
|
-10 |
10 |
-78 |
-56 |
-11 |
-32 |
-562 |
-482 |
-179 |
474 |
-7.51 |
Net Cash From Continuing Investing Activities |
|
-10 |
10 |
-78 |
-56 |
-11 |
-32 |
-562 |
-482 |
-179 |
474 |
-7.51 |
Purchase of Property, Leasehold Improvements and Equipment |
|
-1.18 |
-1.76 |
-0.70 |
-1.27 |
-3.11 |
-4.10 |
-2.46 |
-3.70 |
-5.02 |
-3.64 |
-4.95 |
Acquisitions |
|
- |
- |
- |
- |
- |
- |
- |
27 |
67 |
45 |
-8.94 |
Purchase of Investment Securities |
|
-142 |
-399 |
-411 |
-307 |
-136 |
-248 |
-953 |
-755 |
-429 |
-23 |
-122 |
Sale of Property, Leasehold Improvements and Equipment |
|
0.00 |
0.00 |
0.15 |
- |
- |
- |
- |
- |
0.00 |
0.00 |
0.01 |
Sale and/or Maturity of Investments |
|
133 |
134 |
297 |
253 |
71 |
220 |
393 |
249 |
188 |
456 |
128 |
Net Cash From Financing Activities |
|
-21 |
32 |
111 |
-77 |
21 |
-87 |
831 |
164 |
97 |
-556 |
-139 |
Net Cash From Continuing Financing Activities |
|
-21 |
32 |
111 |
-77 |
21 |
-87 |
831 |
164 |
97 |
-556 |
-139 |
Net Change in Deposits |
|
-16 |
6.84 |
61 |
-55 |
-20 |
-71 |
775 |
273 |
-260 |
-328 |
-67 |
Issuance of Debt |
|
11 |
7.00 |
42 |
52 |
45 |
50 |
118 |
5.00 |
360 |
150 |
165 |
Issuance of Common Equity |
|
0.49 |
28 |
0.20 |
4.40 |
37 |
0.66 |
0.61 |
1.94 |
1.24 |
1.00 |
1.05 |
Repayment of Debt |
|
-11 |
-7.00 |
-19 |
-40 |
-45 |
-74 |
-44 |
-40 |
-26 |
-351 |
-206 |
Repurchase of Common Equity |
|
-1.76 |
-1.07 |
0.00 |
-0.80 |
-0.14 |
-1.29 |
-0.21 |
-0.33 |
-0.34 |
-0.47 |
-0.66 |
Payment of Dividends |
|
-6.99 |
-5.49 |
-6.56 |
-7.23 |
-8.79 |
-12 |
-13 |
-15 |
-18 |
-20 |
-22 |
Other Financing Activities, Net |
|
2.78 |
3.18 |
33 |
-31 |
13 |
21 |
-6.17 |
-61 |
40 |
-7.69 |
-9.60 |
Cash Interest Paid |
|
3.24 |
3.43 |
4.11 |
6.42 |
12 |
24 |
17 |
16 |
30 |
105 |
129 |
Cash Income Taxes Paid |
|
9.34 |
7.80 |
13 |
12 |
9.65 |
16 |
19 |
19 |
23 |
22 |
-1.52 |
Quarterly Cash Flow Statements for First Mid Bancshares
This table details how cash moves in and out of First Mid Bancshares' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Net Change in Cash & Equivalents |
|
28 |
-3.52 |
17 |
5.12 |
209 |
-240 |
213 |
-120 |
-71 |
-43 |
80 |
Net Cash From Operating Activities |
|
34 |
12 |
20 |
18 |
5.41 |
29 |
29 |
24 |
33 |
38 |
48 |
Net Cash From Continuing Operating Activities |
|
34 |
12 |
20 |
18 |
5.41 |
29 |
29 |
24 |
33 |
38 |
48 |
Net Income / (Loss) Continuing Operations |
|
18 |
21 |
19 |
17 |
15 |
18 |
21 |
20 |
19 |
19 |
22 |
Consolidated Net Income / (Loss) |
|
18 |
21 |
19 |
17 |
15 |
18 |
21 |
20 |
19 |
19 |
22 |
Provision For Loan Losses |
|
0.14 |
0.81 |
-0.82 |
0.46 |
5.91 |
0.55 |
-0.36 |
1.08 |
1.27 |
3.64 |
1.65 |
Depreciation Expense |
|
3.85 |
3.56 |
3.49 |
3.38 |
3.10 |
4.93 |
5.34 |
5.01 |
5.28 |
5.15 |
5.00 |
Non-Cash Adjustments to Reconcile Net Income |
|
-0.02 |
-4.40 |
-2.66 |
-3.26 |
-7.08 |
19 |
-1.26 |
-5.49 |
-0.71 |
0.58 |
1.63 |
Changes in Operating Assets and Liabilities, net |
|
12 |
-9.04 |
1.12 |
0.70 |
-12 |
-14 |
4.82 |
3.72 |
7.72 |
9.73 |
17 |
Net Cash From Investing Activities |
|
-11 |
-74 |
90 |
-33 |
355 |
62 |
97 |
-28 |
-30 |
-47 |
4.55 |
Net Cash From Continuing Investing Activities |
|
-11 |
-74 |
90 |
-33 |
355 |
62 |
97 |
-28 |
-30 |
-47 |
4.55 |
Purchase of Property, Leasehold Improvements and Equipment |
|
-1.11 |
-1.15 |
-0.94 |
-0.97 |
-1.11 |
-0.62 |
-1.48 |
-1.12 |
-1.11 |
-1.24 |
-1.93 |
Purchase of Investment Securities |
|
-73 |
-109 |
-1.33 |
0.01 |
0.02 |
-21 |
77 |
-66 |
-63 |
-70 |
-0.52 |
Sale of Property, Leasehold Improvements and Equipment |
|
- |
- |
- |
- |
- |
- |
0.00 |
- |
- |
- |
3.50 |
Sale and/or Maturity of Investments |
|
131 |
-31 |
92 |
-22 |
302 |
84 |
22 |
39 |
43 |
24 |
3.50 |
Net Cash From Financing Activities |
|
0.49 |
54 |
-93 |
20 |
-152 |
-331 |
86 |
-116 |
-75 |
-34 |
28 |
Net Cash From Continuing Financing Activities |
|
5.49 |
59 |
-93 |
20 |
-152 |
-331 |
86 |
-116 |
-75 |
-34 |
28 |
Net Change in Deposits |
|
164 |
-226 |
-226 |
189 |
-68 |
-223 |
119 |
-127 |
-27 |
-32 |
73 |
Issuance of Debt |
|
40 |
-5.26 |
170 |
-10 |
-10 |
- |
0.00 |
75 |
- |
90 |
54 |
Issuance of Common Equity |
|
0.19 |
0.24 |
0.34 |
0.21 |
0.24 |
0.22 |
0.38 |
0.20 |
0.25 |
0.22 |
0.43 |
Repayment of Debt |
|
-194 |
255 |
-40 |
-135 |
-75 |
-101 |
-25 |
-59 |
-42 |
-77 |
-110 |
Payment of Dividends |
|
-4.69 |
-4.69 |
-4.70 |
-4.70 |
-4.70 |
-5.46 |
-5.47 |
-5.47 |
-5.71 |
-5.72 |
-5.73 |
Other Financing Activities, Net |
|
- |
40 |
7.25 |
-19 |
5.81 |
-1.26 |
-3.00 |
- |
- |
-9.60 |
16 |
Cash Interest Paid |
|
7.15 |
15 |
19 |
24 |
28 |
34 |
31 |
33 |
33 |
32 |
27 |
Cash Income Taxes Paid |
|
3.58 |
0.53 |
0.29 |
9.42 |
6.92 |
5.63 |
-0.82 |
-1.48 |
-0.79 |
-0.08 |
-1.19 |
Annual Balance Sheets for First Mid Bancshares
This table presents First Mid Bancshares' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.
Metric |
|
2014 |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Total Assets |
|
1,607 |
2,114 |
2,885 |
2,842 |
3,840 |
3,839 |
4,726 |
5,987 |
6,744 |
7,587 |
7,520 |
Cash and Due from Banks |
|
41 |
43 |
58 |
75 |
64 |
76 |
75 |
- |
138 |
123 |
92 |
Federal Funds Sold |
|
0.49 |
0.49 |
39 |
0.49 |
0.67 |
0.93 |
1.31 |
1.36 |
7.63 |
8.98 |
0.08 |
Interest Bearing Deposits at Other Banks |
|
11 |
73 |
79 |
13 |
77 |
7.66 |
341 |
76 |
6.39 |
11 |
29 |
Time Deposits Placed and Other Short-Term Investments |
|
0.00 |
25 |
15 |
1.69 |
7.57 |
4.63 |
2.70 |
2.45 |
1.47 |
1.47 |
3.50 |
Trading Account Securities |
|
432 |
605 |
695 |
649 |
763 |
756 |
884 |
1,428 |
1,222 |
1,178 |
1,070 |
Loans and Leases, Net of Allowance |
|
1,047 |
1,266 |
1,808 |
1,918 |
2,617 |
-27 |
-42 |
3,938 |
-59 |
-69 |
-70 |
Allowance for Loan and Lease Losses |
|
14 |
15 |
17 |
20 |
26 |
27 |
42 |
55 |
59 |
69 |
70 |
Loans Held for Sale |
|
1.96 |
- |
- |
- |
- |
1.82 |
1.92 |
- |
0.34 |
4.98 |
6.61 |
Premises and Equipment, Net |
|
27 |
31 |
40 |
38 |
59 |
59 |
58 |
81 |
90 |
101 |
100 |
Goodwill |
|
26 |
41 |
58 |
60 |
105 |
105 |
105 |
112 |
140 |
196 |
203 |
Intangible Assets |
|
1.84 |
9.00 |
13 |
11 |
34 |
28 |
23 |
30 |
29 |
68 |
59 |
Other Assets |
|
20 |
21 |
80 |
74 |
113 |
2,826 |
3,276 |
223 |
5,166 |
5,962 |
6,026 |
Total Liabilities & Shareholders' Equity |
|
1,607 |
2,114 |
2,885 |
2,842 |
3,840 |
3,839 |
4,726 |
5,987 |
6,744 |
7,587 |
7,520 |
Total Liabilities |
|
1,442 |
1,909 |
2,604 |
2,534 |
3,364 |
3,313 |
4,158 |
5,222 |
6,111 |
6,794 |
6,673 |
Non-Interest Bearing Deposits |
|
222 |
343 |
471 |
480 |
576 |
633 |
937 |
1,247 |
1,257 |
1,398 |
1,329 |
Interest Bearing Deposits |
|
1,050 |
1,390 |
1,859 |
1,794 |
2,413 |
2,284 |
2,756 |
3,710 |
4,000 |
4,725 |
4,728 |
Short-Term Debt |
|
142 |
129 |
186 |
166 |
200 |
208 |
207 |
146 |
221 |
214 |
204 |
Accrued Interest Payable |
|
0.29 |
0.36 |
0.54 |
0.60 |
1.76 |
2.26 |
2.35 |
- |
3.35 |
5.44 |
5.28 |
Long-Term Debt |
|
21 |
41 |
82 |
84 |
149 |
138 |
207 |
86 |
579 |
395 |
354 |
Other Long-Term Liabilities |
|
6.81 |
6.55 |
5.60 |
8.60 |
25 |
47 |
49 |
33 |
50 |
56 |
53 |
Total Equity & Noncontrolling Interests |
|
165 |
205 |
281 |
308 |
476 |
527 |
568 |
651 |
633 |
793 |
846 |
Total Preferred & Common Equity |
|
165 |
205 |
281 |
308 |
476 |
527 |
568 |
634 |
633 |
793 |
846 |
Total Common Equity |
|
138 |
178 |
281 |
308 |
476 |
527 |
568 |
651 |
633 |
793 |
846 |
Common Stock |
|
88 |
118 |
213 |
219 |
365 |
367 |
369 |
417 |
513 |
609 |
613 |
Retained Earnings |
|
62 |
72 |
86 |
105 |
131 |
167 |
198 |
234 |
289 |
339 |
395 |
Treasury Stock |
|
-15 |
-16 |
-16 |
-16 |
-17 |
-18 |
-19 |
- |
-20 |
-21 |
-22 |
Accumulated Other Comprehensive Income / (Loss) |
|
-0.88 |
0.72 |
-5.76 |
-2.30 |
-6.47 |
8.36 |
17 |
-0.83 |
-152 |
-136 |
-142 |
Other Equity Adjustments |
|
3.33 |
3.25 |
3.20 |
3.54 |
2.76 |
2.76 |
2.98 |
- |
2.06 |
2.63 |
2.76 |
Quarterly Balance Sheets for First Mid Bancshares
This table presents First Mid Bancshares' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.
Metric |
|
Q2 2022 |
Q3 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q1 2025 |
Total Assets |
|
6,661 |
6,651 |
6,683 |
6,704 |
7,855 |
7,678 |
7,581 |
7,562 |
7,573 |
Cash and Due from Banks |
|
116 |
141 |
- |
134 |
143 |
81 |
104 |
118 |
105 |
Federal Funds Sold |
|
6.86 |
7.40 |
7.90 |
8.16 |
8.45 |
0.02 |
0.03 |
0.03 |
0.08 |
Interest Bearing Deposits at Other Banks |
|
14 |
12 |
9.39 |
33 |
232 |
275 |
131 |
46 |
96 |
Time Deposits Placed and Other Short-Term Investments |
|
1.72 |
1.47 |
1.72 |
1.72 |
1.96 |
3.75 |
3.75 |
3.50 |
2.52 |
Trading Account Securities |
|
1,353 |
1,234 |
1,216 |
1,168 |
1,225 |
1,146 |
1,117 |
1,122 |
1,046 |
Loans and Leases, Net of Allowance |
|
-59 |
-59 |
-58 |
-59 |
-68 |
-68 |
-68 |
-69 |
-70 |
Allowance for Loan and Lease Losses |
|
59 |
59 |
58 |
59 |
68 |
68 |
68 |
69 |
70 |
Loans Held for Sale |
|
1.29 |
0.47 |
1.00 |
2.71 |
6.23 |
4.82 |
7.76 |
8.09 |
3.64 |
Premises and Equipment, Net |
|
91 |
91 |
90 |
90 |
102 |
102 |
102 |
101 |
97 |
Goodwill |
|
140 |
140 |
140 |
146 |
196 |
196 |
196 |
203 |
203 |
Intangible Assets |
|
32 |
31 |
28 |
32 |
71 |
64 |
61 |
62 |
55 |
Other Assets |
|
4,963 |
5,052 |
5,095 |
5,148 |
5,938 |
5,874 |
5,926 |
5,967 |
6,033 |
Total Liabilities & Shareholders' Equity |
|
6,661 |
6,651 |
6,683 |
6,704 |
7,855 |
7,678 |
7,581 |
7,562 |
7,573 |
Total Liabilities |
|
6,035 |
6,051 |
6,021 |
6,043 |
7,117 |
6,880 |
6,767 |
6,704 |
6,702 |
Non-Interest Bearing Deposits |
|
1,370 |
1,335 |
1,262 |
1,171 |
1,389 |
1,448 |
1,393 |
1,387 |
1,395 |
Interest Bearing Deposits |
|
3,949 |
4,149 |
3,769 |
4,049 |
4,957 |
4,795 |
4,722 |
4,702 |
4,736 |
Short-Term Debt |
|
185 |
226 |
229 |
209 |
215 |
211 |
206 |
204 |
220 |
Accrued Interest Payable |
|
1.66 |
3.01 |
4.73 |
4.34 |
6.73 |
6.32 |
5.42 |
6.49 |
6.63 |
Long-Term Debt |
|
490 |
290 |
709 |
564 |
496 |
370 |
391 |
350 |
299 |
Other Long-Term Liabilities |
|
39 |
49 |
48 |
46 |
54 |
51 |
49 |
54 |
46 |
Total Equity & Noncontrolling Interests |
|
626 |
601 |
662 |
661 |
738 |
798 |
814 |
858 |
871 |
Total Preferred & Common Equity |
|
626 |
601 |
662 |
661 |
738 |
798 |
814 |
858 |
871 |
Total Common Equity |
|
626 |
601 |
661 |
661 |
738 |
798 |
814 |
858 |
871 |
Common Stock |
|
513 |
513 |
515 |
515 |
609 |
612 |
612 |
613 |
617 |
Retained Earnings |
|
260 |
273 |
304 |
316 |
326 |
354 |
368 |
382 |
412 |
Treasury Stock |
|
-19 |
-20 |
-20 |
-20 |
-20 |
-21 |
-21 |
-21 |
-22 |
Accumulated Other Comprehensive Income / (Loss) |
|
-128 |
-168 |
-138 |
-152 |
-179 |
-148 |
-147 |
-117 |
-135 |
Other Equity Adjustments |
|
0.97 |
1.52 |
- |
1.50 |
2.07 |
0.83 |
1.38 |
2.15 |
0.51 |
Annual Metrics And Ratios for First Mid Bancshares
This table displays calculated financial ratios and metrics derived from First Mid Bancshares' official financial filings.
Metric |
|
2014 |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
0.85% |
9.23% |
28.60% |
25.78% |
19.24% |
23.47% |
2.88% |
27.06% |
9.03% |
8.22% |
15.97% |
EBITDA Growth |
|
1.58% |
5.22% |
38.26% |
19.52% |
13.09% |
31.43% |
-3.57% |
13.68% |
30.92% |
-2.86% |
21.16% |
EBIT Growth |
|
4.87% |
4.11% |
31.29% |
23.52% |
16.25% |
30.43% |
-5.57% |
11.79% |
36.69% |
-3.16% |
18.09% |
NOPAT Growth |
|
5.02% |
6.80% |
32.27% |
22.18% |
37.16% |
30.99% |
-5.58% |
13.74% |
41.68% |
-5.51% |
14.45% |
Net Income Growth |
|
5.02% |
6.80% |
32.27% |
22.18% |
37.16% |
30.99% |
-5.58% |
13.74% |
41.68% |
-5.51% |
14.45% |
EPS Growth |
|
6.94% |
-2.16% |
13.26% |
3.90% |
18.31% |
13.89% |
-5.92% |
6.30% |
25.44% |
-12.50% |
4.76% |
Operating Cash Flow Growth |
|
-27.92% |
23.74% |
24.66% |
68.31% |
-8.62% |
48.97% |
1.13% |
9.53% |
-5.42% |
10.02% |
71.82% |
Free Cash Flow Firm Growth |
|
-348.00% |
-830.43% |
-396.01% |
111.53% |
-1,417.02% |
100.06% |
-48,005.93% |
157.26% |
-1,082.19% |
127.76% |
-25.09% |
Invested Capital Growth |
|
6.06% |
14.36% |
46.26% |
1.68% |
47.87% |
5.80% |
12.60% |
1.47% |
43.81% |
-2.23% |
0.23% |
Revenue Q/Q Growth |
|
0.69% |
6.09% |
7.02% |
1.86% |
8.85% |
1.80% |
1.70% |
4.92% |
1.49% |
5.78% |
1.91% |
EBITDA Q/Q Growth |
|
1.40% |
5.53% |
11.29% |
-3.84% |
8.84% |
3.60% |
4.09% |
7.04% |
0.89% |
-0.65% |
3.25% |
EBIT Q/Q Growth |
|
1.98% |
4.04% |
11.27% |
-3.55% |
9.04% |
3.90% |
4.43% |
6.28% |
1.90% |
-2.27% |
3.70% |
NOPAT Q/Q Growth |
|
1.92% |
4.72% |
10.88% |
-7.53% |
16.99% |
4.44% |
3.65% |
6.77% |
5.50% |
-3.59% |
1.41% |
Net Income Q/Q Growth |
|
1.92% |
4.72% |
10.88% |
-7.53% |
16.99% |
4.44% |
3.65% |
6.77% |
5.50% |
-3.59% |
1.41% |
EPS Q/Q Growth |
|
2.78% |
0.00% |
4.06% |
-8.19% |
10.53% |
3.99% |
3.85% |
4.74% |
1.69% |
-7.62% |
2.17% |
Operating Cash Flow Q/Q Growth |
|
-13.10% |
12.27% |
9.86% |
2.68% |
5.90% |
8.53% |
18.25% |
-9.80% |
-14.71% |
31.35% |
8.20% |
Free Cash Flow Firm Q/Q Growth |
|
-179.83% |
40.96% |
-9.83% |
157.31% |
-146.26% |
100.21% |
-1,203.45% |
133.44% |
-725.34% |
138.75% |
-33.17% |
Invested Capital Q/Q Growth |
|
14.91% |
6.26% |
7.40% |
-2.17% |
18.67% |
8.18% |
16.36% |
-0.64% |
28.40% |
-3.25% |
-0.59% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
41.05% |
39.55% |
42.52% |
40.40% |
38.32% |
40.79% |
38.23% |
34.20% |
41.07% |
36.86% |
38.51% |
EBIT Margin |
|
35.38% |
33.72% |
34.43% |
33.81% |
32.96% |
34.82% |
31.96% |
28.12% |
35.25% |
31.55% |
32.12% |
Profit (Net Income) Margin |
|
22.13% |
21.64% |
22.26% |
21.62% |
24.87% |
26.39% |
24.22% |
21.68% |
28.17% |
24.60% |
24.28% |
Tax Burden Percent |
|
62.56% |
64.17% |
64.65% |
63.95% |
75.46% |
75.78% |
75.78% |
77.09% |
79.91% |
77.98% |
75.58% |
Interest Burden Percent |
|
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
Effective Tax Rate |
|
37.44% |
35.83% |
35.35% |
36.05% |
24.54% |
24.22% |
24.22% |
22.91% |
20.09% |
22.02% |
24.42% |
Return on Invested Capital (ROIC) |
|
4.85% |
4.70% |
4.73% |
4.82% |
5.30% |
5.65% |
4.88% |
5.20% |
6.00% |
4.86% |
5.62% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
4.85% |
4.70% |
4.73% |
4.82% |
5.30% |
5.65% |
4.88% |
5.20% |
6.00% |
4.86% |
5.62% |
Return on Net Nonoperating Assets (RNNOA) |
|
4.99% |
4.23% |
4.26% |
4.24% |
4.04% |
3.92% |
3.39% |
3.25% |
5.36% |
4.80% |
4.00% |
Return on Equity (ROE) |
|
9.84% |
8.93% |
8.99% |
9.07% |
9.34% |
9.56% |
8.27% |
8.45% |
11.37% |
9.67% |
9.62% |
Cash Return on Invested Capital (CROIC) |
|
-1.03% |
-8.70% |
-32.84% |
3.16% |
-33.33% |
0.02% |
-6.97% |
3.74% |
-29.93% |
7.12% |
5.39% |
Operating Return on Assets (OROA) |
|
1.54% |
1.38% |
1.35% |
1.46% |
1.45% |
1.65% |
1.39% |
1.25% |
1.43% |
1.23% |
1.38% |
Return on Assets (ROA) |
|
0.96% |
0.89% |
0.87% |
0.93% |
1.10% |
1.25% |
1.06% |
0.96% |
1.15% |
0.96% |
1.04% |
Return on Common Equity (ROCE) |
|
7.35% |
7.60% |
8.49% |
9.07% |
9.34% |
9.56% |
8.27% |
8.45% |
11.37% |
9.67% |
9.62% |
Return on Equity Simple (ROE_SIMPLE) |
|
9.38% |
8.05% |
7.78% |
8.66% |
7.69% |
9.10% |
7.97% |
8.12% |
11.52% |
8.69% |
9.32% |
Net Operating Profit after Tax (NOPAT) |
|
15 |
17 |
22 |
27 |
37 |
48 |
45 |
51 |
73 |
69 |
79 |
NOPAT Margin |
|
22.13% |
21.64% |
22.26% |
21.62% |
24.87% |
26.39% |
24.22% |
21.68% |
28.17% |
24.60% |
24.28% |
Net Nonoperating Expense Percent (NNEP) |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
SG&A Expenses to Revenue |
|
48.87% |
47.93% |
46.49% |
43.52% |
42.90% |
45.29% |
45.35% |
48.34% |
48.60% |
48.14% |
48.60% |
Operating Expenses to Revenue |
|
63.72% |
64.55% |
62.69% |
60.14% |
61.15% |
61.64% |
59.43% |
65.50% |
62.89% |
66.28% |
66.15% |
Earnings before Interest and Taxes (EBIT) |
|
25 |
26 |
34 |
42 |
49 |
63 |
60 |
67 |
91 |
88 |
104 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
29 |
30 |
42 |
50 |
56 |
74 |
71 |
81 |
106 |
103 |
125 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
0.64 |
1.00 |
1.25 |
1.34 |
0.88 |
0.98 |
0.90 |
1.10 |
0.97 |
1.01 |
1.03 |
Price to Tangible Book Value (P/TBV) |
|
0.79 |
1.39 |
1.68 |
1.73 |
1.25 |
1.32 |
1.16 |
1.41 |
1.33 |
1.51 |
1.50 |
Price to Revenue (P/Rev) |
|
1.25 |
2.33 |
3.59 |
3.33 |
2.86 |
2.85 |
2.73 |
3.02 |
2.37 |
2.85 |
2.69 |
Price to Earnings (P/E) |
|
7.72 |
12.43 |
16.75 |
15.42 |
11.50 |
10.80 |
11.28 |
13.91 |
8.43 |
11.60 |
11.09 |
Dividend Yield |
|
3.70% |
1.42% |
2.19% |
2.02% |
3.78% |
2.45% |
2.65% |
3.18% |
2.99% |
2.74% |
2.57% |
Earnings Yield |
|
12.95% |
8.05% |
5.97% |
6.49% |
8.69% |
9.26% |
8.86% |
7.19% |
11.86% |
8.62% |
9.02% |
Enterprise Value to Invested Capital (EV/IC) |
|
0.69 |
0.63 |
0.78 |
1.02 |
0.75 |
0.89 |
0.51 |
0.87 |
0.88 |
0.90 |
0.93 |
Enterprise Value to Revenue (EV/Rev) |
|
3.24 |
3.07 |
4.38 |
4.62 |
4.22 |
4.26 |
2.70 |
3.66 |
4.87 |
4.51 |
4.03 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
7.88 |
7.77 |
10.29 |
11.44 |
11.01 |
10.44 |
7.07 |
10.70 |
11.86 |
12.23 |
10.45 |
Enterprise Value to EBIT (EV/EBIT) |
|
9.14 |
9.11 |
12.71 |
13.67 |
12.80 |
12.23 |
8.45 |
13.01 |
13.82 |
14.29 |
12.53 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
14.62 |
14.20 |
19.66 |
21.38 |
16.96 |
16.14 |
11.15 |
16.88 |
17.29 |
18.33 |
16.59 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
12.71 |
10.66 |
15.65 |
12.36 |
14.72 |
12.32 |
7.95 |
12.49 |
19.16 |
17.45 |
10.52 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
0.00 |
0.00 |
0.00 |
32.62 |
0.00 |
5,732.77 |
0.00 |
23.47 |
0.00 |
12.51 |
17.30 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
0.99 |
0.83 |
0.95 |
0.81 |
0.73 |
0.66 |
0.73 |
0.36 |
1.26 |
0.77 |
0.66 |
Long-Term Debt to Equity |
|
0.13 |
0.20 |
0.29 |
0.27 |
0.31 |
0.26 |
0.36 |
0.13 |
0.91 |
0.50 |
0.42 |
Financial Leverage |
|
1.03 |
0.90 |
0.90 |
0.88 |
0.76 |
0.69 |
0.69 |
0.62 |
0.89 |
0.99 |
0.71 |
Leverage Ratio |
|
10.22 |
10.06 |
10.29 |
9.73 |
8.52 |
7.66 |
7.82 |
8.79 |
9.92 |
10.05 |
9.21 |
Compound Leverage Factor |
|
10.22 |
10.06 |
10.29 |
9.73 |
8.52 |
7.66 |
7.82 |
8.79 |
9.92 |
10.05 |
9.21 |
Debt to Total Capital |
|
49.71% |
45.33% |
48.83% |
44.78% |
42.30% |
39.64% |
42.16% |
26.35% |
55.83% |
43.40% |
39.75% |
Short-Term Debt to Total Capital |
|
43.42% |
34.50% |
33.87% |
29.71% |
24.26% |
23.85% |
21.06% |
16.56% |
15.45% |
15.25% |
14.53% |
Long-Term Debt to Total Capital |
|
6.29% |
10.83% |
14.96% |
15.07% |
18.04% |
15.79% |
21.10% |
9.79% |
40.39% |
28.16% |
25.22% |
Preferred Equity to Total Capital |
|
8.36% |
7.31% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Noncontrolling Interests to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Common Equity to Total Capital |
|
41.93% |
47.36% |
51.17% |
55.22% |
57.70% |
60.36% |
57.84% |
73.65% |
44.17% |
56.60% |
60.25% |
Debt to EBITDA |
|
5.69 |
5.63 |
6.42 |
5.01 |
6.19 |
4.67 |
5.80 |
2.86 |
7.53 |
5.89 |
4.46 |
Net Debt to EBITDA |
|
3.88 |
0.97 |
1.85 |
3.19 |
3.54 |
3.46 |
-0.08 |
1.88 |
6.08 |
4.49 |
3.46 |
Long-Term Debt to EBITDA |
|
0.72 |
1.35 |
1.97 |
1.69 |
2.64 |
1.86 |
2.90 |
1.06 |
5.44 |
3.82 |
2.83 |
Debt to NOPAT |
|
10.54 |
10.30 |
12.26 |
9.36 |
9.53 |
7.21 |
9.15 |
4.52 |
10.97 |
8.82 |
7.08 |
Net Debt to NOPAT |
|
7.20 |
1.77 |
3.54 |
5.97 |
5.46 |
5.34 |
-0.13 |
2.96 |
8.86 |
6.73 |
5.50 |
Long-Term Debt to NOPAT |
|
1.33 |
2.46 |
3.76 |
3.15 |
4.06 |
2.87 |
4.58 |
1.68 |
7.94 |
5.72 |
4.49 |
Noncontrolling Interest Sharing Ratio |
|
25.27% |
14.81% |
5.64% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
-3.29 |
-31 |
-152 |
17 |
-230 |
0.14 |
-65 |
37 |
-364 |
101 |
76 |
Operating Cash Flow to CapEx |
|
1,509.08% |
1,248.47% |
5,004.01% |
3,622.76% |
1,355.24% |
1,531.27% |
2,579.82% |
1,879.96% |
1,311.24% |
1,990.02% |
2,519.74% |
Free Cash Flow to Firm to Interest Expense |
|
-1.01 |
-8.74 |
-35.33 |
2.70 |
-17.96 |
0.01 |
-3.87 |
2.43 |
-11.51 |
0.95 |
0.59 |
Operating Cash Flow to Interest Expense |
|
5.47 |
6.29 |
6.39 |
7.12 |
3.29 |
2.61 |
3.80 |
4.56 |
2.08 |
0.68 |
0.97 |
Operating Cash Flow Less CapEx to Interest Expense |
|
5.10 |
5.78 |
6.26 |
6.92 |
3.05 |
2.44 |
3.65 |
4.32 |
1.92 |
0.64 |
0.93 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
0.05 |
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
Fixed Asset Turnover |
|
2.50 |
2.60 |
2.74 |
3.14 |
3.02 |
3.06 |
3.18 |
3.40 |
3.01 |
2.92 |
3.22 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Invested Capital |
|
328 |
375 |
549 |
558 |
825 |
872 |
982 |
997 |
1,434 |
1,402 |
1,405 |
Invested Capital Turnover |
|
0.22 |
0.22 |
0.21 |
0.22 |
0.21 |
0.21 |
0.20 |
0.24 |
0.21 |
0.20 |
0.23 |
Increase / (Decrease) in Invested Capital |
|
19 |
47 |
173 |
9.19 |
267 |
48 |
110 |
14 |
437 |
-32 |
3.26 |
Enterprise Value (EV) |
|
226 |
234 |
429 |
571 |
621 |
774 |
505 |
869 |
1,261 |
1,263 |
1,309 |
Market Capitalization |
|
87 |
178 |
352 |
411 |
421 |
518 |
511 |
716 |
615 |
800 |
875 |
Book Value per Share |
|
$23.41 |
$21.08 |
$22.53 |
$24.41 |
$31.11 |
$31.60 |
$33.95 |
$35.97 |
$30.94 |
$33.27 |
$35.40 |
Tangible Book Value per Share |
|
$18.71 |
$15.14 |
$16.86 |
$18.79 |
$22.01 |
$23.60 |
$26.30 |
$28.15 |
$22.64 |
$22.19 |
$24.44 |
Total Capital |
|
328 |
375 |
549 |
558 |
825 |
872 |
982 |
883 |
1,434 |
1,402 |
1,405 |
Total Debt |
|
163 |
170 |
268 |
250 |
349 |
346 |
414 |
233 |
800 |
608 |
558 |
Total Long-Term Debt |
|
21 |
41 |
82 |
84 |
149 |
138 |
207 |
86 |
579 |
395 |
354 |
Net Debt |
|
111 |
29 |
77 |
159 |
200 |
256 |
-5.79 |
153 |
646 |
464 |
434 |
Capital Expenditures (CapEx) |
|
1.18 |
1.76 |
0.55 |
1.27 |
3.11 |
4.10 |
2.46 |
3.70 |
5.02 |
3.64 |
4.94 |
Net Nonoperating Expense (NNE) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Net Nonoperating Obligations (NNO) |
|
163 |
170 |
268 |
250 |
349 |
346 |
414 |
346 |
800 |
608 |
558 |
Total Depreciation and Amortization (D&A) |
|
3.96 |
4.44 |
7.94 |
8.13 |
7.88 |
11 |
12 |
14 |
15 |
15 |
21 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
$1.88 |
$1.84 |
$2.07 |
$2.13 |
$2.53 |
$2.88 |
$2.71 |
$2.88 |
$3.62 |
$3.17 |
$3.31 |
Adjusted Weighted Average Basic Shares Outstanding |
|
7.02M |
8.46M |
12.48M |
12.67M |
16.67M |
16.70M |
18.04M |
20.44M |
20.50M |
23.89M |
23.98M |
Adjusted Diluted Earnings per Share |
|
$1.85 |
$1.81 |
$2.05 |
$2.13 |
$2.52 |
$2.87 |
$2.70 |
$2.87 |
$3.60 |
$3.15 |
$3.30 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
7.02M |
8.46M |
12.48M |
12.67M |
16.67M |
16.70M |
18.04M |
20.44M |
20.50M |
23.89M |
23.98M |
Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$2.88 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
7.02M |
8.46M |
12.48M |
12.67M |
16.67M |
16.70M |
18.04M |
20.44M |
20.50M |
23.89M |
23.98M |
Normalized Net Operating Profit after Tax (NOPAT) |
|
15 |
17 |
22 |
27 |
37 |
48 |
45 |
51 |
73 |
69 |
79 |
Normalized NOPAT Margin |
|
22.13% |
21.64% |
22.26% |
21.62% |
24.87% |
26.39% |
24.22% |
21.68% |
28.17% |
24.60% |
24.28% |
Pre Tax Income Margin |
|
35.38% |
33.72% |
34.43% |
33.81% |
32.96% |
34.82% |
31.96% |
28.12% |
35.25% |
31.55% |
32.12% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
7.60 |
7.35 |
7.87 |
6.44 |
3.78 |
2.63 |
3.57 |
4.38 |
2.89 |
0.83 |
0.81 |
NOPAT to Interest Expense |
|
4.75 |
4.72 |
5.09 |
4.12 |
2.85 |
1.99 |
2.71 |
3.37 |
2.31 |
0.65 |
0.61 |
EBIT Less CapEx to Interest Expense |
|
7.24 |
6.85 |
7.74 |
6.24 |
3.54 |
2.46 |
3.42 |
4.13 |
2.73 |
0.79 |
0.77 |
NOPAT Less CapEx to Interest Expense |
|
4.39 |
4.22 |
4.96 |
3.92 |
2.61 |
1.82 |
2.56 |
3.13 |
2.15 |
0.61 |
0.57 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
45.19% |
33.24% |
30.05% |
27.09% |
24.02% |
24.74% |
28.31% |
28.59% |
24.44% |
28.37% |
28.35% |
Augmented Payout Ratio |
|
56.59% |
39.70% |
30.05% |
30.07% |
24.40% |
27.44% |
28.78% |
29.22% |
24.91% |
29.04% |
29.19% |
Quarterly Metrics And Ratios for First Mid Bancshares
This table displays calculated financial ratios and metrics derived from First Mid Bancshares' official financial filings.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
5.16% |
6.32% |
1.64% |
-5.40% |
12.99% |
23.96% |
21.74% |
28.02% |
9.62% |
7.68% |
5.41% |
EBITDA Growth |
|
-2.88% |
3.57% |
13.37% |
-7.84% |
-13.28% |
-2.47% |
13.69% |
28.25% |
29.91% |
14.80% |
2.68% |
EBIT Growth |
|
-4.40% |
7.73% |
17.11% |
-7.01% |
-12.28% |
-8.64% |
8.16% |
25.10% |
23.81% |
17.18% |
4.48% |
NOPAT Growth |
|
-2.11% |
22.60% |
15.43% |
-6.71% |
-15.73% |
-12.44% |
6.90% |
19.18% |
28.87% |
6.07% |
8.14% |
Net Income Growth |
|
-2.11% |
22.60% |
15.43% |
-6.71% |
-15.73% |
-12.44% |
6.90% |
19.18% |
28.87% |
6.07% |
8.14% |
EPS Growth |
|
-12.87% |
6.38% |
8.14% |
-6.98% |
-22.73% |
-26.00% |
-7.53% |
2.50% |
19.12% |
9.46% |
8.14% |
Operating Cash Flow Growth |
|
-24.64% |
-49.54% |
-15.86% |
543.88% |
-84.15% |
149.46% |
43.06% |
34.27% |
512.29% |
32.67% |
64.84% |
Free Cash Flow Firm Growth |
|
32.26% |
-17,603.03% |
-1,394.43% |
59.94% |
-232.63% |
112.04% |
149.66% |
137.15% |
117.31% |
-68.25% |
-95.45% |
Invested Capital Growth |
|
11.28% |
43.81% |
46.24% |
10.20% |
29.74% |
-2.23% |
-13.83% |
-1.63% |
-2.44% |
0.23% |
0.81% |
Revenue Q/Q Growth |
|
-0.52% |
-1.74% |
2.74% |
-5.81% |
18.82% |
7.80% |
0.91% |
-0.95% |
1.74% |
5.89% |
-1.22% |
EBITDA Q/Q Growth |
|
1.37% |
0.20% |
4.16% |
-12.89% |
-4.62% |
12.69% |
21.42% |
-1.73% |
-3.39% |
-0.42% |
8.60% |
EBIT Q/Q Growth |
|
1.72% |
1.48% |
5.10% |
-14.28% |
-4.05% |
5.68% |
24.43% |
-0.85% |
-5.04% |
0.02% |
10.94% |
NOPAT Q/Q Growth |
|
1.02% |
15.05% |
-7.07% |
-13.62% |
-8.75% |
19.54% |
13.46% |
-3.70% |
-1.33% |
-1.61% |
15.67% |
Net Income Q/Q Growth |
|
1.02% |
15.05% |
-7.07% |
-13.62% |
-8.75% |
19.54% |
13.46% |
-3.70% |
-1.33% |
-1.61% |
15.67% |
EPS Q/Q Growth |
|
2.33% |
13.64% |
-7.00% |
-13.98% |
-15.00% |
8.82% |
16.22% |
-4.65% |
-1.22% |
0.00% |
14.81% |
Operating Cash Flow Q/Q Growth |
|
949.06% |
-66.14% |
75.59% |
-12.08% |
-69.69% |
433.14% |
0.69% |
-17.47% |
38.21% |
15.52% |
25.11% |
Free Cash Flow Firm Q/Q Growth |
|
67.13% |
-336.66% |
-16.95% |
76.14% |
-172.96% |
115.81% |
382.30% |
-82.15% |
27.21% |
-71.00% |
-30.93% |
Invested Capital Q/Q Growth |
|
-14.20% |
28.40% |
11.58% |
-10.36% |
1.02% |
-3.25% |
-1.65% |
2.33% |
0.19% |
-0.59% |
-1.08% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
41.82% |
42.65% |
43.24% |
39.99% |
32.10% |
33.56% |
40.38% |
40.06% |
38.04% |
35.78% |
39.33% |
EBIT Margin |
|
35.91% |
37.08% |
37.93% |
34.52% |
27.88% |
27.33% |
33.70% |
33.73% |
31.49% |
29.74% |
33.40% |
Profit (Net Income) Margin |
|
27.58% |
32.29% |
29.21% |
26.78% |
20.57% |
22.81% |
25.65% |
24.93% |
24.18% |
22.47% |
26.31% |
Tax Burden Percent |
|
76.80% |
87.08% |
77.00% |
77.59% |
73.78% |
83.46% |
76.10% |
73.92% |
76.80% |
75.54% |
78.76% |
Interest Burden Percent |
|
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
Effective Tax Rate |
|
23.20% |
12.92% |
23.00% |
22.41% |
26.22% |
16.54% |
23.90% |
26.08% |
23.20% |
24.46% |
21.24% |
Return on Invested Capital (ROIC) |
|
6.64% |
6.88% |
5.64% |
5.02% |
4.25% |
4.51% |
5.07% |
5.47% |
5.39% |
5.20% |
6.26% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
6.64% |
6.88% |
5.64% |
5.02% |
4.25% |
4.51% |
5.07% |
5.47% |
5.39% |
5.20% |
6.26% |
Return on Net Nonoperating Assets (RNNOA) |
|
4.82% |
6.15% |
5.80% |
5.65% |
3.89% |
4.45% |
5.28% |
5.08% |
4.27% |
3.70% |
4.12% |
Return on Equity (ROE) |
|
11.46% |
13.03% |
11.44% |
10.68% |
8.14% |
8.96% |
10.35% |
10.55% |
9.66% |
8.91% |
10.38% |
Cash Return on Invested Capital (CROIC) |
|
-4.16% |
-29.93% |
-31.95% |
-4.27% |
-20.31% |
7.12% |
19.57% |
6.81% |
7.91% |
5.39% |
5.01% |
Operating Return on Assets (OROA) |
|
1.44% |
1.51% |
1.48% |
1.33% |
1.02% |
1.07% |
1.38% |
1.47% |
1.30% |
1.28% |
1.44% |
Return on Assets (ROA) |
|
1.11% |
1.31% |
1.14% |
1.03% |
0.75% |
0.89% |
1.05% |
1.09% |
1.00% |
0.97% |
1.14% |
Return on Common Equity (ROCE) |
|
11.46% |
13.03% |
11.43% |
10.68% |
8.14% |
8.96% |
10.34% |
10.55% |
9.66% |
8.91% |
10.38% |
Return on Equity Simple (ROE_SIMPLE) |
|
11.51% |
0.00% |
11.41% |
11.25% |
9.69% |
0.00% |
8.80% |
9.03% |
9.06% |
0.00% |
9.25% |
Net Operating Profit after Tax (NOPAT) |
|
18 |
21 |
19 |
17 |
15 |
18 |
21 |
20 |
19 |
19 |
22 |
NOPAT Margin |
|
27.58% |
32.29% |
29.21% |
26.78% |
20.57% |
22.81% |
25.65% |
24.93% |
24.18% |
22.47% |
26.31% |
Net Nonoperating Expense Percent (NNEP) |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
SG&A Expenses to Revenue |
|
48.46% |
47.65% |
49.84% |
49.29% |
45.06% |
48.69% |
48.62% |
48.60% |
50.21% |
47.06% |
48.75% |
Operating Expenses to Revenue |
|
63.87% |
61.66% |
63.31% |
64.74% |
64.08% |
71.97% |
66.75% |
64.90% |
66.94% |
65.99% |
64.64% |
Earnings before Interest and Taxes (EBIT) |
|
23 |
24 |
25 |
21 |
20 |
22 |
27 |
27 |
25 |
25 |
28 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
27 |
27 |
28 |
25 |
24 |
27 |
32 |
32 |
31 |
31 |
33 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
1.03 |
0.97 |
0.81 |
0.72 |
0.72 |
1.01 |
0.97 |
0.96 |
1.08 |
1.03 |
0.96 |
Price to Tangible Book Value (P/TBV) |
|
1.43 |
1.33 |
1.08 |
0.99 |
1.13 |
1.51 |
1.43 |
1.40 |
1.57 |
1.50 |
1.37 |
Price to Revenue (P/Rev) |
|
2.41 |
2.37 |
2.05 |
1.86 |
2.00 |
2.85 |
2.62 |
2.50 |
2.92 |
2.69 |
2.54 |
Price to Earnings (P/E) |
|
8.91 |
8.43 |
7.06 |
6.43 |
7.42 |
11.60 |
10.96 |
10.63 |
11.96 |
11.09 |
10.39 |
Dividend Yield |
|
2.96% |
2.99% |
3.50% |
3.95% |
3.56% |
2.74% |
2.85% |
2.82% |
2.39% |
2.57% |
2.72% |
Earnings Yield |
|
11.23% |
11.86% |
14.17% |
15.55% |
13.48% |
8.62% |
9.12% |
9.41% |
8.36% |
9.02% |
9.63% |
Enterprise Value to Invested Capital (EV/IC) |
|
0.87 |
0.88 |
0.91 |
0.75 |
0.59 |
0.90 |
0.72 |
0.81 |
0.93 |
0.93 |
0.83 |
Enterprise Value to Revenue (EV/Rev) |
|
3.80 |
4.87 |
5.58 |
4.19 |
3.23 |
4.51 |
3.37 |
3.65 |
4.13 |
4.03 |
3.50 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
9.19 |
11.86 |
13.23 |
9.99 |
8.23 |
12.23 |
9.25 |
9.97 |
10.86 |
10.45 |
9.14 |
Enterprise Value to EBIT (EV/EBIT) |
|
10.82 |
13.82 |
15.29 |
11.52 |
9.46 |
14.29 |
10.96 |
11.88 |
13.08 |
12.53 |
10.91 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
14.02 |
17.29 |
19.22 |
14.47 |
11.97 |
18.33 |
14.11 |
15.50 |
16.93 |
16.59 |
14.29 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
12.56 |
19.16 |
23.41 |
12.82 |
15.52 |
17.45 |
12.21 |
13.04 |
11.45 |
10.52 |
8.04 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
12.51 |
3.40 |
11.76 |
11.64 |
17.30 |
16.60 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
0.86 |
1.26 |
1.42 |
1.17 |
0.96 |
0.77 |
0.73 |
0.73 |
0.65 |
0.66 |
0.60 |
Long-Term Debt to Equity |
|
0.48 |
0.91 |
1.07 |
0.85 |
0.67 |
0.50 |
0.46 |
0.48 |
0.41 |
0.42 |
0.34 |
Financial Leverage |
|
0.73 |
0.89 |
1.03 |
1.13 |
0.92 |
0.99 |
1.04 |
0.93 |
0.79 |
0.71 |
0.66 |
Leverage Ratio |
|
10.34 |
9.92 |
10.02 |
10.38 |
10.84 |
10.05 |
9.84 |
9.69 |
9.66 |
9.21 |
9.14 |
Compound Leverage Factor |
|
10.34 |
9.92 |
10.02 |
10.38 |
10.84 |
10.05 |
9.84 |
9.69 |
9.66 |
9.21 |
9.14 |
Debt to Total Capital |
|
46.20% |
55.83% |
58.62% |
53.92% |
49.06% |
43.40% |
42.11% |
42.32% |
39.25% |
39.75% |
37.32% |
Short-Term Debt to Total Capital |
|
20.22% |
15.45% |
14.30% |
14.59% |
14.84% |
15.25% |
15.29% |
14.60% |
14.46% |
14.53% |
15.82% |
Long-Term Debt to Total Capital |
|
25.98% |
40.39% |
44.33% |
39.34% |
34.21% |
28.16% |
26.82% |
27.72% |
24.79% |
25.22% |
21.51% |
Preferred Equity to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Noncontrolling Interests to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Common Equity to Total Capital |
|
53.80% |
44.17% |
41.32% |
46.08% |
50.94% |
56.60% |
57.89% |
57.68% |
60.75% |
60.25% |
62.68% |
Debt to EBITDA |
|
4.89 |
7.53 |
8.55 |
7.19 |
6.83 |
5.89 |
5.41 |
5.23 |
4.57 |
4.46 |
4.12 |
Net Debt to EBITDA |
|
3.35 |
6.08 |
8.37 |
5.55 |
3.13 |
4.49 |
2.06 |
3.13 |
3.19 |
3.46 |
2.50 |
Long-Term Debt to EBITDA |
|
2.75 |
5.44 |
6.46 |
5.24 |
4.77 |
3.82 |
3.45 |
3.42 |
2.89 |
2.83 |
2.37 |
Debt to NOPAT |
|
7.46 |
10.97 |
12.42 |
10.40 |
9.94 |
8.82 |
8.26 |
8.13 |
7.13 |
7.08 |
6.44 |
Net Debt to NOPAT |
|
5.11 |
8.86 |
12.17 |
8.04 |
4.55 |
6.73 |
3.15 |
4.87 |
4.97 |
5.50 |
3.91 |
Long-Term Debt to NOPAT |
|
4.20 |
7.94 |
9.39 |
7.59 |
6.93 |
5.72 |
5.26 |
5.32 |
4.50 |
4.49 |
3.71 |
Noncontrolling Interest Sharing Ratio |
|
0.00% |
0.00% |
0.07% |
0.00% |
0.00% |
0.00% |
0.07% |
0.00% |
0.00% |
0.00% |
0.00% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
-95 |
-416 |
-487 |
-116 |
-317 |
50 |
242 |
43 |
55 |
16 |
11 |
Operating Cash Flow to CapEx |
|
3,065.44% |
1,009.08% |
2,157.81% |
1,846.23% |
486.16% |
4,667.96% |
1,962.70% |
2,149.96% |
2,990.16% |
3,081.64% |
0.00% |
Free Cash Flow to Firm to Interest Expense |
|
-11.21 |
-27.67 |
-23.76 |
-4.89 |
-10.57 |
1.54 |
7.50 |
1.35 |
1.63 |
0.52 |
0.39 |
Operating Cash Flow to Interest Expense |
|
4.02 |
0.77 |
0.99 |
0.75 |
0.18 |
0.89 |
0.90 |
0.75 |
0.98 |
1.24 |
1.70 |
Operating Cash Flow Less CapEx to Interest Expense |
|
3.89 |
0.69 |
0.95 |
0.71 |
0.14 |
0.87 |
0.86 |
0.72 |
0.95 |
1.20 |
1.76 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
Fixed Asset Turnover |
|
2.96 |
3.01 |
2.90 |
2.84 |
2.75 |
2.92 |
3.07 |
3.26 |
3.13 |
3.22 |
3.31 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Invested Capital |
|
1,116 |
1,434 |
1,600 |
1,434 |
1,449 |
1,402 |
1,378 |
1,411 |
1,413 |
1,405 |
1,390 |
Invested Capital Turnover |
|
0.24 |
0.21 |
0.19 |
0.19 |
0.21 |
0.20 |
0.20 |
0.22 |
0.22 |
0.23 |
0.24 |
Increase / (Decrease) in Invested Capital |
|
113 |
437 |
506 |
133 |
332 |
-32 |
-221 |
-23 |
-35 |
3.26 |
11 |
Enterprise Value (EV) |
|
969 |
1,261 |
1,452 |
1,075 |
856 |
1,263 |
991 |
1,138 |
1,317 |
1,309 |
1,152 |
Market Capitalization |
|
616 |
615 |
533 |
478 |
530 |
800 |
770 |
781 |
930 |
875 |
837 |
Book Value per Share |
|
$29.37 |
$30.94 |
$32.24 |
$32.18 |
$35.93 |
$33.27 |
$33.40 |
$34.05 |
$35.91 |
$35.40 |
$36.32 |
Tangible Book Value per Share |
|
$21.01 |
$22.64 |
$24.03 |
$23.48 |
$22.89 |
$22.19 |
$22.49 |
$23.28 |
$24.82 |
$24.44 |
$25.53 |
Total Capital |
|
1,116 |
1,434 |
1,600 |
1,434 |
1,449 |
1,402 |
1,378 |
1,411 |
1,413 |
1,405 |
1,390 |
Total Debt |
|
516 |
800 |
938 |
773 |
711 |
608 |
580 |
597 |
555 |
558 |
519 |
Total Long-Term Debt |
|
290 |
579 |
709 |
564 |
496 |
395 |
370 |
391 |
350 |
354 |
299 |
Net Debt |
|
353 |
646 |
919 |
597 |
325 |
464 |
221 |
358 |
387 |
434 |
315 |
Capital Expenditures (CapEx) |
|
1.11 |
1.15 |
0.94 |
0.97 |
1.11 |
0.62 |
1.48 |
1.12 |
1.11 |
1.24 |
-1.57 |
Net Nonoperating Expense (NNE) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Net Nonoperating Obligations (NNO) |
|
516 |
800 |
938 |
773 |
711 |
608 |
580 |
597 |
555 |
558 |
519 |
Total Depreciation and Amortization (D&A) |
|
3.85 |
3.56 |
3.49 |
3.38 |
3.10 |
4.93 |
5.34 |
5.01 |
5.28 |
5.15 |
5.00 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
$0.88 |
$1.01 |
$0.94 |
$0.81 |
$0.68 |
$0.74 |
$0.86 |
$0.83 |
$0.81 |
$0.81 |
$0.93 |
Adjusted Weighted Average Basic Shares Outstanding |
|
20.46M |
20.50M |
20.53M |
20.54M |
23.84M |
23.89M |
23.90M |
23.91M |
23.91M |
23.98M |
23.99M |
Adjusted Diluted Earnings per Share |
|
$0.88 |
$1.00 |
$0.93 |
$0.80 |
$0.68 |
$0.74 |
$0.86 |
$0.82 |
$0.81 |
$0.81 |
$0.93 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
20.46M |
20.50M |
20.53M |
20.54M |
23.84M |
23.89M |
23.90M |
23.91M |
23.91M |
23.98M |
23.99M |
Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
20.46M |
20.50M |
20.53M |
20.54M |
23.84M |
23.89M |
23.90M |
23.91M |
23.91M |
23.98M |
23.99M |
Normalized Net Operating Profit after Tax (NOPAT) |
|
18 |
21 |
19 |
17 |
15 |
18 |
21 |
20 |
19 |
19 |
22 |
Normalized NOPAT Margin |
|
27.58% |
32.29% |
29.21% |
26.78% |
20.57% |
22.81% |
25.65% |
24.93% |
24.18% |
22.47% |
26.31% |
Pre Tax Income Margin |
|
35.91% |
37.08% |
37.93% |
34.52% |
27.88% |
27.33% |
33.70% |
33.73% |
31.49% |
29.74% |
33.40% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
2.75 |
1.58 |
1.22 |
0.90 |
0.68 |
0.67 |
0.84 |
0.84 |
0.75 |
0.82 |
1.00 |
NOPAT to Interest Expense |
|
2.11 |
1.37 |
0.94 |
0.70 |
0.50 |
0.56 |
0.64 |
0.62 |
0.58 |
0.62 |
0.79 |
EBIT Less CapEx to Interest Expense |
|
2.62 |
1.50 |
1.17 |
0.86 |
0.65 |
0.65 |
0.79 |
0.80 |
0.72 |
0.78 |
1.06 |
NOPAT Less CapEx to Interest Expense |
|
1.98 |
1.30 |
0.89 |
0.66 |
0.47 |
0.54 |
0.59 |
0.58 |
0.55 |
0.58 |
0.84 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
24.74% |
24.44% |
24.57% |
25.26% |
26.27% |
28.37% |
28.94% |
28.74% |
28.43% |
28.35% |
28.09% |
Augmented Payout Ratio |
|
25.23% |
24.91% |
25.01% |
25.70% |
26.74% |
29.04% |
29.59% |
29.37% |
29.02% |
29.19% |
28.09% |
Key Financial Trends
Over the past four years, First Mid Bancshares (NASDAQ: FMBH) has shown steady financial performance with several notable trends in its income, cash flow, and balance sheet statements:
- Consistent Growth in Net Income: Quarterly net income has generally increased from around $15.2 million in Q3 2023 to $22.2 million in Q1 2025, indicating improving profitability.
- Rising Net Interest Income: Net interest income has shown an upward trend, reaching approximately $59.4 million in Q1 2025 from about $50.4 million in Q3 2023, reflecting solid interest-earning asset management.
- Stable Earnings per Share (EPS): Basic and diluted EPS have increased from around $0.68 in Q3 2023 to $0.93 in Q1 2025, suggesting effective share management and profit growth.
- Operating Cash Flow Growth: Net cash from continuing operating activities increased to about $47.9 million in Q1 2025 up from $33.0 million in Q3 2024, indicating stronger cash generation from core operations.
- Moderate Provision for Credit Losses: Provisions fluctuated but remained relatively low, with $1.65 million in Q1 2025 compared to $1.27 million in Q3 2024, suggesting manageable credit risk.
- Improved Total Assets: Total assets have increased moderately, reaching roughly $7.57 billion in Q1 2025, reflecting growth and prudent asset acquisition.
- Deposits Increased Significantly: Both interest-bearing and non-interest-bearing deposits have grown, with deposits increasing by several hundred million dollars, boosting liquidity but potentially increasing interest expense.
- Rising Interest Expense: Interest expense increased from approximately $30.9 million in Q4 2024 to $28.2 million in Q1 2025, which, while slightly lower in Q1, remains substantial relative to net interest income.
- Non-Interest Expense Variability: Total non-interest expense remains high around $54.5 million in Q1 2025, with fluctuations that could pressure profitability if not contained.
- Shareholder Equity Growth: Total common equity increased to approximately $871 million in Q1 2025, up from about $737 million in Q4 2023, indicating strengthening financial foundation and retained earnings.
In summary, First Mid Bancshares has demonstrated consistent earnings growth, improved operational cash flows, and an expanding asset and equity base over the past four years. However, the company faces challenges from rising interest and non-interest expenses that could impact margins if not carefully managed. Overall, the financial trends suggest a stable and growing bank with positive momentum heading into 2025.
10/15/25 01:36 AM ETAI Generated. May Contain Errors.