First Mid Bancshares (FMBH) Financials

$34.97 -0.20 (-0.57%)

Closing price 05/23/2025 04:00 PM Eastern

Extended Trading

$34.97 0.00 (0.00%)

As of 05/23/2025 04:04 PM Eastern

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.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Net Income / (Loss) Attributable to Common Shareholders	79	69	73	51	45	48	37	27	21	14	11
Consolidated Net Income / (Loss)	79	69	73	51	45	48	37	27	22	17	15
Net Income / (Loss) Continuing Operations	79	69	73	51	45	48	37	27	22	17	15
Total Pre-Tax Income	104	88	91	67	60	63	49	42	34	26	25
Total Revenue	325	280	259	238	187	182	147	123	98	76	70
Net Interest Income / (Expense)	229	193	184	168	127	126	112	93	71	56	51
Total Interest Income	357	300	216	183	144	150	125	100	75	59	55
Loans and Leases Interest Income	320	262	186	160	127	127	106	83	62	48	45
Investment Securities Interest Income	29	32	29	23	17	21	18	16	13	11	9.85
Deposits and Money Market Investments Interest Income	8.04	5.21	0.53	0.41	0.36	1.84	0.55	0.34	0.49	0.24	0.08
Federal Funds Sold and Securities Borrowed Interest Income	0.05	0.42	0.11	0.00	0.00	0.01	0.01	0.06	0.04	0.00	0.00
Total Interest Expense	129	107	32	15	17	24	13	6.48	4.29	3.50	3.25
Deposits Interest Expense	107	77	19	9.04	13	19	8.57	4.00	2.71	2.28	2.35
Long-Term Debt Interest Expense	15	23	11	5.99	3.46	4.18	3.48	2.31	1.48	1.16	0.85
Federal Funds Purchased and Securities Sold Interest Expense	6.45	6.57	1.80	0.23	0.49	0.91	0.33	0.18	0.10	0.06	0.05
Total Non-Interest Income	96	87	75	70	60	56	35	30	27	21	18
Trust Fees by Commissions	23	-	22	20	16	-	-	-	5.43	5.06	4.61
Other Service Charges	69	44	49	46	35	28	16	14	12	15	13
Net Realized & Unrealized Capital Gains on Investments	-0.43	3.38	0.03	0.12	1.11	0.80	0.90	0.62	1.19	0.45	0.72
Other Non-Interest Income	4.73	28	3.56	3.04	6.81	19	11	8.73	1.84	0.00	0.00
Provision for Credit Losses	5.64	6.10	4.81	15	16	6.43	8.67	7.46	2.83	1.32	0.63
Total Non-Interest Expense	215	186	163	156	111	112	90	74	62	49	45
Salaries and Employee Benefits	124	105	99	90	66	63	47	40	32	26	25
Net Occupancy & Equipment Expense	30	27	24	22	17	18	15	13	11	9.14	8.35
Marketing Expense	3.42	3.01	3.00	3.60	1.62	2.03	1.79	1.36	1.85	1.09	1.02
Property & Liability Insurance Claims	3.46	3.34	1.81	1.60	1.31	0.22	1.06	0.91	0.97	0.90	0.80
Other Operating Expenses	40	38	29	34	20	24	23	17	13	11	8.93
Amortization Expense	14	9.13	6.29	5.39	5.06	5.85	3.22	2.15	1.91	0.89	0.64
Income Tax Expense	25	19	18	15	14	15	12	15	12	9.22	9.25
Basic Earnings per Share	$3.31	$3.17	$3.62	$2.88	$2.71	$2.88	$2.53	$2.13	$2.07	$1.84	$1.88
Weighted Average Basic Shares Outstanding	23.98M	23.89M	20.50M	20.44M	18.04M	16.60M	14.50M	12.53M	10.15M	7.78M	6.00M
Diluted Earnings per Share	$3.30	$3.15	$3.60	$2.87	$2.70	$2.87	$2.52	$2.13	$2.05	$1.81	$1.85
Weighted Average Diluted Shares Outstanding	23.98M	23.89M	20.50M	20.44M	18.04M	16.60M	14.50M	12.53M	10.15M	7.78M	6.00M
Weighted Average Basic & Diluted Shares Outstanding	23.98M	23.89M	20.50M	20.44M	18.04M	16.60M	14.50M	12.53M	10.15M	7.78M	6.00M
Cash Dividends to Common per Share	$0.94	$0.92	$0.90	$0.85	$0.81	$0.76	$0.70	$0.66	$0.62	$0.59	$0.55

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	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	22	19	19	20	21	18	15	17	19	21	18
Consolidated Net Income / (Loss)	22	19	19	20	21	18	15	17	19	21	18
Net Income / (Loss) Continuing Operations	22	19	19	20	21	18	15	17	19	21	18
Total Pre-Tax Income	28	25	25	27	27	22	20	21	25	24	23
Total Revenue	84	85	81	79	80	79	73	62	66	64	65
Net Interest Income / (Expense)	59	59	58	57	55	57	50	42	43	46	48
Total Interest Income	88	90	91	89	88	90	80	66	64	61	57
Loans and Leases Interest Income	80	81	82	80	78	79	69	58	56	53	49
Investment Securities Interest Income	6.78	6.99	7.04	7.41	7.41	8.52	9.28	7.19	7.13	7.29	7.30
Deposits and Money Market Investments Interest Income	0.86	1.56	2.34	1.71	2.43	2.61	1.90	0.47	0.22	0.23	0.14
Federal Funds Sold and Securities Borrowed Interest Income	0.00	-	0.03	0.01	0.02	0.12	0.11	0.10	0.09	0.07	0.04
Total Interest Expense	28	31	34	32	32	32	30	24	20	15	8.50
Deposits Interest Expense	24	26	28	26	26	26	22	17	13	9.23	4.92
Long-Term Debt Interest Expense	3.25	3.42	3.85	3.97	4.05	4.80	6.32	5.46	6.25	4.65	3.15
Federal Funds Purchased and Securities Sold Interest Expense	1.18	1.33	1.44	1.62	2.06	1.75	1.63	1.72	1.46	1.16	0.43
Total Non-Interest Income	25	26	23	22	24	22	23	19	22	18	17
Trust Fees by Commissions	5.80	6.28	5.82	5.41	5.32	-	4.94	-	-	-	4.84
Other Service Charges	17	21	15	15	18	8.38	13	10	13	14	11
Net Realized & Unrealized Capital Gains on Investments	-0.18	-	-0.28	-0.16	0.00	0.05	3.39	-0.01	-0.05	-0.05	0.08
Other Non-Interest Income	2.40	-0.93	2.31	2.23	1.12	12	1.87	6.86	7.31	-6.14	1.27
Provision for Credit Losses	1.65	3.64	1.27	1.08	-0.36	0.55	5.91	0.46	-0.82	0.81	0.14
Total Non-Interest Expense	54	56	54	51	53	57	47	40	42	39	42
Salaries and Employee Benefits	32	32	32	30	30	30	25	24	26	24	25
Net Occupancy & Equipment Expense	8.48	7.29	8.06	7.51	7.56	7.98	6.93	6.04	6.01	6.13	5.90
Marketing Expense	0.85	0.91	0.84	0.81	0.86	0.68	0.76	0.91	0.65	0.68	0.74
Property & Liability Insurance Claims	0.85	0.86	0.83	0.90	0.87	1.02	0.79	1.08	0.46	0.46	0.48
Other Operating Expenses	9.31	12	9.24	8.66	10	14	11	7.00	6.86	6.89	7.95
Amortization Expense	3.23	3.31	3.41	3.34	3.50	3.56	2.57	1.48	1.52	1.54	1.60
Income Tax Expense	5.98	6.21	5.89	6.97	6.44	3.58	5.37	4.79	5.73	3.06	5.42
Basic Earnings per Share	$0.93	$0.81	$0.81	$0.83	$0.86	$0.74	$0.68	$0.81	$0.94	$1.01	$0.88
Weighted Average Basic Shares Outstanding	23.99M	23.98M	23.91M	23.91M	23.90M	23.89M	23.84M	20.54M	20.53M	20.50M	20.46M
Diluted Earnings per Share	$0.93	$0.81	$0.81	$0.82	$0.86	$0.74	$0.68	$0.80	$0.93	$1.00	$0.88
Weighted Average Diluted Shares Outstanding	23.99M	23.98M	23.91M	23.91M	23.90M	23.89M	23.84M	20.54M	20.53M	20.50M	20.46M
Weighted Average Basic & Diluted Shares Outstanding	23.99M	23.98M	23.91M	23.91M	23.90M	23.89M	23.84M	20.54M	20.53M	20.50M	20.46M

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	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Net Change in Cash & Equivalents	-22	-9.37	-16	-249	332	-56	53	-87	60	64	-13
Net Cash From Operating Activities	124	72	66	70	64	63	42	46	27	22	18
Net Cash From Continuing Operating Activities	124	72	66	70	64	63	42	46	27	22	18
Net Income / (Loss) Continuing Operations	79	69	73	51	45	48	37	27	22	17	15
Consolidated Net Income / (Loss)	79	69	73	51	45	48	37	27	22	17	15
Provision For Loan Losses	5.64	6.10	4.81	15	16	6.43	8.67	7.46	2.83	1.32	0.63
Depreciation Expense	21	15	15	14	12	11	7.88	8.13	7.94	4.44	3.96
Non-Cash Adjustments to Reconcile Net Income	-6.88	6.36	-5.60	-3.81	-9.84	-3.12	2.02	2.73	-3.39	1.14	-1.65
Changes in Operating Assets and Liabilities, net	26	-24	-21	-7.68	0.29	0.73	-13	1.15	-1.79	-1.41	-0.62
Net Cash From Investing Activities	-7.51	474	-179	-482	-562	-32	-11	-56	-78	10	-10
Net Cash From Continuing Investing Activities	-7.51	474	-179	-482	-562	-32	-11	-56	-78	10	-10
Purchase of Property, Leasehold Improvements and Equipment	-4.95	-3.64	-5.02	-3.70	-2.46	-4.10	-3.11	-1.27	-0.70	-1.76	-1.18
Acquisitions	-8.94	45	67	27	-	-	-	-	-	-	-
Purchase of Investment Securities	-122	-23	-429	-755	-953	-248	-136	-307	-411	-399	-142
Sale of Property, Leasehold Improvements and Equipment	0.01	0.00	0.00	-	-	-	-	-	0.15	0.00	0.00
Sale and/or Maturity of Investments	128	456	188	249	393	220	71	253	297	134	133
Net Cash From Financing Activities	-139	-556	97	164	831	-87	21	-77	111	32	-21
Net Cash From Continuing Financing Activities	-139	-556	97	164	831	-87	21	-77	111	32	-21
Net Change in Deposits	-67	-328	-260	273	775	-71	-20	-55	61	6.84	-16
Issuance of Debt	165	150	360	5.00	118	50	45	52	42	7.00	11
Issuance of Common Equity	1.05	1.00	1.24	1.94	0.61	0.66	37	4.40	0.20	28	0.49
Repayment of Debt	-206	-351	-26	-40	-44	-74	-45	-40	-19	-7.00	-11
Repurchase of Common Equity	-0.66	-0.47	-0.34	-0.33	-0.21	-1.29	-0.14	-0.80	0.00	-1.07	-1.76
Payment of Dividends	-22	-20	-18	-15	-13	-12	-8.79	-7.23	-6.56	-5.49	-6.99
Other Financing Activities, Net	-9.60	-7.69	40	-61	-6.17	21	13	-31	33	3.18	2.78
Cash Interest Paid	129	105	30	16	17	24	12	6.42	4.11	3.43	3.24
Cash Income Taxes Paid	-1.52	22	23	19	19	16	9.65	12	13	7.80	9.34

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	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	80	-43	-71	-120	213	-240	209	5.12	17	-3.52	28
Net Cash From Operating Activities	48	38	33	24	29	29	5.41	18	20	12	34
Net Cash From Continuing Operating Activities	48	38	33	24	29	29	5.41	18	20	12	34
Net Income / (Loss) Continuing Operations	22	19	19	20	21	18	15	17	19	21	18
Consolidated Net Income / (Loss)	22	19	19	20	21	18	15	17	19	21	18
Provision For Loan Losses	1.65	3.64	1.27	1.08	-0.36	0.55	5.91	0.46	-0.82	0.81	0.14
Depreciation Expense	5.00	5.15	5.28	5.01	5.34	4.93	3.10	3.38	3.49	3.56	3.85
Non-Cash Adjustments to Reconcile Net Income	1.63	0.58	-0.71	-5.49	-1.26	19	-7.08	-3.26	-2.66	-4.40	-0.02
Changes in Operating Assets and Liabilities, net	17	9.73	7.72	3.72	4.82	-14	-12	0.70	1.12	-9.04	12
Net Cash From Investing Activities	4.55	-47	-30	-28	97	62	355	-33	90	-74	-11
Net Cash From Continuing Investing Activities	4.55	-47	-30	-28	97	62	355	-33	90	-74	-11
Purchase of Property, Leasehold Improvements and Equipment	-1.93	-1.24	-1.11	-1.12	-1.48	-0.62	-1.11	-0.97	-0.94	-1.15	-1.11
Purchase of Investment Securities	-0.52	-70	-63	-66	77	-21	0.02	0.01	-1.33	-109	-73
Sale of Property, Leasehold Improvements and Equipment	3.50	-	-	-	-	-	-	-	-	-	-
Sale and/or Maturity of Investments	3.50	24	43	39	22	84	302	-22	92	-31	131
Net Cash From Financing Activities	28	-34	-75	-116	86	-331	-152	20	-93	54	0.49
Net Cash From Continuing Financing Activities	28	-34	-75	-116	86	-331	-152	20	-93	59	5.49
Net Change in Deposits	73	-32	-27	-127	119	-223	-68	189	-226	-226	164
Issuance of Debt	54	90	-	75	0.00	-	-10	-10	170	-5.26	40
Issuance of Common Equity	0.43	0.22	0.25	0.20	0.38	0.22	0.24	0.21	0.34	0.24	0.19
Repayment of Debt	-110	-77	-42	-59	-28	-101	-75	-135	-40	255	-194
Payment of Dividends	-5.73	-5.72	-5.71	-5.47	-5.47	-5.46	-4.70	-4.70	-4.70	-4.69	-4.69
Other Financing Activities, Net	16	-9.60	-	-	0.00	-1.26	5.81	-19	7.25	40	-
Cash Interest Paid	27	32	33	33	31	34	28	24	19	15	7.15
Cash Income Taxes Paid	-1.19	-0.08	-0.79	-1.48	0.82	5.63	6.92	9.42	0.29	0.53	3.58

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	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Total Assets	7,520	7,587	6,744	5,987	4,726	3,839	3,840	2,842	2,885	2,114	1,607
Cash and Due from Banks	92	123	138	-	75	76	64	75	58	43	41
Federal Funds Sold	0.08	8.98	7.63	1.36	1.31	0.93	0.67	0.49	39	0.49	0.49
Interest Bearing Deposits at Other Banks	29	11	6.39	76	341	7.66	77	13	79	73	11
Time Deposits Placed and Other Short-Term Investments	3.50	1.47	1.47	2.45	2.70	4.63	7.57	1.69	15	25	0.00
Trading Account Securities	1,070	1,178	1,222	1,428	884	756	763	649	695	605	432
Loans and Leases, Net of Allowance	-70	-69	-59	3,938	-42	-27	2,617	1,918	1,808	1,266	1,047
Allowance for Loan and Lease Losses	70	69	59	55	42	27	26	20	17	15	14
Loans Held for Sale	6.61	4.98	0.34	-	1.92	1.82	-	-	-	-	1.96
Premises and Equipment, Net	100	101	90	81	58	59	59	38	40	31	27
Goodwill	203	196	140	112	105	105	105	60	58	41	26
Intangible Assets	59	68	29	30	23	28	34	11	13	9.00	1.84
Other Assets	6,026	5,962	5,166	223	3,276	2,826	113	74	80	21	20
Total Liabilities & Shareholders' Equity	7,520	7,587	6,744	5,987	4,726	3,839	3,840	2,842	2,885	2,114	1,607
Total Liabilities	6,673	6,794	6,111	5,222	4,158	3,313	3,364	2,534	2,604	1,909	1,442
Non-Interest Bearing Deposits	1,329	1,398	1,257	1,247	937	633	576	480	471	343	222
Interest Bearing Deposits	4,728	4,725	4,000	3,710	2,756	2,284	2,413	1,794	1,859	1,390	1,050
Short-Term Debt	204	214	221	146	207	208	200	166	186	129	142
Accrued Interest Payable	5.28	5.44	3.35	-	2.35	2.26	1.76	0.60	0.54	0.36	0.29
Long-Term Debt	354	395	579	86	207	138	149	84	82	41	21
Other Long-Term Liabilities	53	56	50	33	49	47	25	8.60	5.60	6.55	6.81
Total Equity & Noncontrolling Interests	846	793	633	651	568	527	476	308	281	205	165
Total Preferred & Common Equity	846	793	633	634	568	527	476	308	281	205	165
Total Common Equity	846	793	633	651	568	527	476	308	281	178	138
Common Stock	613	609	513	417	369	367	365	219	213	118	88
Retained Earnings	395	339	289	234	198	167	131	105	86	72	62
Treasury Stock	-22	-21	-20	-	-19	-18	-17	-16	-16	-16	-15
Accumulated Other Comprehensive Income / (Loss)	-142	-136	-152	-0.83	17	8.36	-6.47	-2.30	-5.76	0.72	-0.88
Other Equity Adjustments	2.76	2.63	2.06	-	2.98	2.76	2.76	3.54	3.20	3.25	3.33

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	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	7,573	7,562	7,581	7,678	7,855	6,704	6,683	6,651
Cash and Due from Banks	105	118	104	81	143	134	-	141
Federal Funds Sold	0.08	0.03	0.03	0.02	8.45	8.16	7.90	7.40
Interest Bearing Deposits at Other Banks	96	46	131	275	232	33	9.39	12
Time Deposits Placed and Other Short-Term Investments	2.52	3.50	3.75	3.75	1.96	1.72	1.72	1.47
Trading Account Securities	1,046	1,122	1,117	1,146	1,225	1,168	1,216	1,234
Loans and Leases, Net of Allowance	-70	-69	-68	-68	-68	-59	-58	-59
Allowance for Loan and Lease Losses	70	69	68	68	68	59	58	59
Loans Held for Sale	3.64	8.09	7.76	4.82	6.23	2.71	1.00	0.47
Premises and Equipment, Net	97	101	102	102	102	90	90	91
Goodwill	203	203	196	196	196	146	140	140
Intangible Assets	55	62	61	64	71	32	28	31
Other Assets	6,033	5,967	5,926	5,874	5,938	5,148	5,095	5,052
Total Liabilities & Shareholders' Equity	7,573	7,562	7,581	7,678	7,855	6,704	6,683	6,651
Total Liabilities	6,702	6,704	6,767	6,880	7,117	6,043	6,021	6,051
Non-Interest Bearing Deposits	1,395	1,387	1,393	1,448	1,389	1,171	1,262	1,335
Interest Bearing Deposits	4,736	4,702	4,722	4,795	4,957	4,049	3,769	4,149
Short-Term Debt	220	204	206	211	215	209	229	226
Accrued Interest Payable	6.63	6.49	5.42	6.32	6.73	4.34	4.73	3.01
Long-Term Debt	299	350	391	370	496	564	709	290
Other Long-Term Liabilities	46	54	49	51	54	46	48	49
Total Equity & Noncontrolling Interests	871	858	814	798	738	661	662	601
Total Preferred & Common Equity	871	858	814	798	738	661	662	601
Total Common Equity	871	858	814	798	738	661	661	601
Common Stock	617	613	612	612	609	515	515	513
Retained Earnings	412	382	368	354	326	316	304	273
Treasury Stock	-22	-21	-21	-21	-20	-20	-20	-20
Accumulated Other Comprehensive Income / (Loss)	-135	-117	-147	-148	-179	-152	-138	-168
Other Equity Adjustments	0.51	2.15	1.38	0.83	2.07	1.50	-	1.52

This table displays calculated financial ratios and metrics derived from First Mid Bancshares' official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	15.97%	8.22%	9.03%	27.06%	2.88%	23.47%	19.24%	25.78%	28.60%	9.23%	0.85%
EBITDA Growth	21.16%	-2.86%	30.92%	13.68%	-3.57%	31.43%	13.09%	19.52%	38.26%	5.22%	1.58%
EBIT Growth	18.09%	-3.16%	36.69%	11.79%	-5.57%	30.43%	16.25%	23.52%	31.29%	4.11%	4.87%
NOPAT Growth	14.45%	-5.51%	41.68%	13.74%	-5.58%	30.99%	37.16%	22.18%	32.27%	6.80%	5.02%
Net Income Growth	14.45%	-5.51%	41.68%	13.74%	-5.58%	30.99%	37.16%	22.18%	32.27%	6.80%	5.02%
EPS Growth	4.76%	-12.50%	25.44%	6.30%	-5.92%	13.89%	18.31%	3.90%	13.26%	-2.16%	6.94%
Operating Cash Flow Growth	71.82%	10.02%	-5.42%	9.53%	1.13%	48.97%	-8.62%	68.31%	24.66%	23.74%	-27.92%
Free Cash Flow Firm Growth	-25.09%	127.76%	-1,082.19%	157.26%	-48,005.93%	100.06%	-1,417.02%	111.53%	-396.01%	-830.43%	-348.00%
Invested Capital Growth	0.23%	-2.23%	43.81%	1.47%	12.60%	5.80%	47.87%	1.68%	46.26%	14.36%	6.06%
Revenue Q/Q Growth	1.91%	5.78%	1.49%	4.92%	1.70%	1.80%	8.85%	1.86%	7.02%	6.09%	0.69%
EBITDA Q/Q Growth	3.25%	-0.65%	0.89%	7.04%	4.09%	3.60%	8.84%	-3.84%	11.29%	5.53%	1.40%
EBIT Q/Q Growth	3.70%	-2.27%	1.90%	6.28%	4.43%	3.90%	9.04%	-3.55%	11.27%	4.04%	1.98%
NOPAT Q/Q Growth	1.41%	-3.59%	5.50%	6.77%	3.65%	4.44%	16.99%	-7.53%	10.88%	4.72%	1.92%
Net Income Q/Q Growth	1.41%	-3.59%	5.50%	6.77%	3.65%	4.44%	16.99%	-7.53%	10.88%	4.72%	1.92%
EPS Q/Q Growth	2.17%	-7.62%	1.69%	4.74%	3.85%	3.99%	10.53%	-8.19%	4.06%	0.00%	2.78%
Operating Cash Flow Q/Q Growth	8.20%	31.35%	-14.71%	-9.80%	18.25%	8.53%	5.90%	2.68%	9.86%	12.27%	-13.10%
Free Cash Flow Firm Q/Q Growth	-33.17%	138.75%	-725.34%	133.44%	-1,203.45%	100.21%	-146.26%	157.31%	-9.83%	40.96%	-179.83%
Invested Capital Q/Q Growth	-0.59%	-3.25%	28.40%	-0.64%	16.36%	8.18%	18.67%	-2.17%	7.40%	6.26%	14.91%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	38.51%	36.86%	41.07%	34.20%	38.23%	40.79%	38.32%	40.40%	42.52%	39.55%	41.05%
EBIT Margin	32.12%	31.55%	35.25%	28.12%	31.96%	34.82%	32.96%	33.81%	34.43%	33.72%	35.38%
Profit (Net Income) Margin	24.28%	24.60%	28.17%	21.68%	24.22%	26.39%	24.87%	21.62%	22.26%	21.64%	22.13%
Tax Burden Percent	75.58%	77.98%	79.91%	77.09%	75.78%	75.78%	75.46%	63.95%	64.65%	64.17%	62.56%
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	24.42%	22.02%	20.09%	22.91%	24.22%	24.22%	24.54%	36.05%	35.35%	35.83%	37.44%
Return on Invested Capital (ROIC)	5.62%	4.86%	6.00%	5.20%	4.88%	5.65%	5.30%	4.82%	4.73%	4.70%	4.85%
ROIC Less NNEP Spread (ROIC-NNEP)	5.62%	4.86%	6.00%	5.20%	4.88%	5.65%	5.30%	4.82%	4.73%	4.70%	4.85%
Return on Net Nonoperating Assets (RNNOA)	4.00%	4.80%	5.36%	3.25%	3.39%	3.92%	4.04%	4.24%	4.26%	4.23%	4.99%
Return on Equity (ROE)	9.62%	9.67%	11.37%	8.45%	8.27%	9.56%	9.34%	9.07%	8.99%	8.93%	9.84%
Cash Return on Invested Capital (CROIC)	5.39%	7.12%	-29.93%	3.74%	-6.97%	0.02%	-33.33%	3.16%	-32.84%	-8.70%	-1.03%
Operating Return on Assets (OROA)	1.38%	1.23%	1.43%	1.25%	1.39%	1.65%	1.45%	1.46%	1.35%	1.38%	1.54%
Return on Assets (ROA)	1.04%	0.96%	1.15%	0.96%	1.06%	1.25%	1.10%	0.93%	0.87%	0.89%	0.96%
Return on Common Equity (ROCE)	9.62%	9.67%	11.37%	8.45%	8.27%	9.56%	9.34%	9.07%	8.49%	7.60%	7.35%
Return on Equity Simple (ROE_SIMPLE)	9.32%	8.69%	11.52%	8.12%	7.97%	9.10%	7.69%	8.66%	7.78%	8.05%	9.38%
Net Operating Profit after Tax (NOPAT)	79	69	73	51	45	48	37	27	22	17	15
NOPAT Margin	24.28%	24.60%	28.17%	21.68%	24.22%	26.39%	24.87%	21.62%	22.26%	21.64%	22.13%
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	48.60%	48.14%	48.60%	48.34%	45.35%	45.29%	42.90%	43.52%	46.49%	47.93%	48.87%
Operating Expenses to Revenue	66.15%	66.28%	62.89%	65.50%	59.43%	61.64%	61.15%	60.14%	62.69%	64.55%	63.72%
Earnings before Interest and Taxes (EBIT)	104	88	91	67	60	63	49	42	34	26	25
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	125	103	106	81	71	74	56	50	42	30	29
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.03	1.01	0.97	1.10	0.90	0.98	0.88	1.34	1.25	1.00	0.64
Price to Tangible Book Value (P/TBV)	1.50	1.51	1.33	1.41	1.16	1.32	1.25	1.73	1.68	1.39	0.79
Price to Revenue (P/Rev)	2.69	2.85	2.37	3.02	2.73	2.85	2.86	3.33	3.59	2.33	1.25
Price to Earnings (P/E)	11.09	11.60	8.43	13.91	11.28	10.80	11.50	15.42	16.75	12.43	7.72
Dividend Yield	2.57%	2.74%	2.99%	3.18%	2.65%	2.45%	3.78%	2.02%	2.19%	1.42%	3.70%
Earnings Yield	9.02%	8.62%	11.86%	7.19%	8.86%	9.26%	8.69%	6.49%	5.97%	8.05%	12.95%
Enterprise Value to Invested Capital (EV/IC)	0.93	0.90	0.88	0.87	0.51	0.89	0.75	1.02	0.78	0.63	0.69
Enterprise Value to Revenue (EV/Rev)	4.03	4.51	4.87	3.66	2.70	4.26	4.22	4.62	4.38	3.07	3.24
Enterprise Value to EBITDA (EV/EBITDA)	10.45	12.23	11.86	10.70	7.07	10.44	11.01	11.44	10.29	7.77	7.88
Enterprise Value to EBIT (EV/EBIT)	12.53	14.29	13.82	13.01	8.45	12.23	12.80	13.67	12.71	9.11	9.14
Enterprise Value to NOPAT (EV/NOPAT)	16.59	18.33	17.29	16.88	11.15	16.14	16.96	21.38	19.66	14.20	14.62
Enterprise Value to Operating Cash Flow (EV/OCF)	10.52	17.45	19.16	12.49	7.95	12.32	14.72	12.36	15.65	10.66	12.71
Enterprise Value to Free Cash Flow (EV/FCFF)	17.30	12.51	0.00	23.47	0.00	5,732.77	0.00	32.62	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.66	0.77	1.26	0.36	0.73	0.66	0.73	0.81	0.95	0.83	0.99
Long-Term Debt to Equity	0.42	0.50	0.91	0.13	0.36	0.26	0.31	0.27	0.29	0.20	0.13
Financial Leverage	0.71	0.99	0.89	0.62	0.69	0.69	0.76	0.88	0.90	0.90	1.03
Leverage Ratio	9.21	10.05	9.92	8.79	7.82	7.66	8.52	9.73	10.29	10.06	10.22
Compound Leverage Factor	9.21	10.05	9.92	8.79	7.82	7.66	8.52	9.73	10.29	10.06	10.22
Debt to Total Capital	39.75%	43.40%	55.83%	26.35%	42.16%	39.64%	42.30%	44.78%	48.83%	45.33%	49.71%
Short-Term Debt to Total Capital	14.53%	15.25%	15.45%	16.56%	21.06%	23.85%	24.26%	29.71%	33.87%	34.50%	43.42%
Long-Term Debt to Total Capital	25.22%	28.16%	40.39%	9.79%	21.10%	15.79%	18.04%	15.07%	14.96%	10.83%	6.29%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	7.31%	8.36%
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	60.25%	56.60%	44.17%	73.65%	57.84%	60.36%	57.70%	55.22%	51.17%	47.36%	41.93%
Debt to EBITDA	4.46	5.89	7.53	2.86	5.80	4.67	6.19	5.01	6.42	5.63	5.69
Net Debt to EBITDA	3.46	4.49	6.08	1.88	-0.08	3.46	3.54	3.19	1.85	0.97	3.88
Long-Term Debt to EBITDA	2.83	3.82	5.44	1.06	2.90	1.86	2.64	1.69	1.97	1.35	0.72
Debt to NOPAT	7.08	8.82	10.97	4.52	9.15	7.21	9.53	9.36	12.26	10.30	10.54
Net Debt to NOPAT	5.50	6.73	8.86	2.96	-0.13	5.34	5.46	5.97	3.54	1.77	7.20
Long-Term Debt to NOPAT	4.49	5.72	7.94	1.68	4.58	2.87	4.06	3.15	3.76	2.46	1.33
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	5.64%	14.81%	25.27%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	76	101	-364	37	-65	0.14	-230	17	-152	-31	-3.29
Operating Cash Flow to CapEx	2,519.74%	1,990.02%	1,311.24%	1,879.96%	2,579.82%	1,531.27%	1,355.24%	3,622.76%	5,004.01%	1,248.47%	1,509.08%
Free Cash Flow to Firm to Interest Expense	0.59	0.95	-11.51	2.43	-3.87	0.01	-17.96	2.70	-35.33	-8.74	-1.01
Operating Cash Flow to Interest Expense	0.97	0.68	2.08	4.56	3.80	2.61	3.29	7.12	6.39	6.29	5.47
Operating Cash Flow Less CapEx to Interest Expense	0.93	0.64	1.92	4.32	3.65	2.44	3.05	6.92	6.26	5.78	5.10
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	3.22	2.92	3.01	3.40	3.18	3.06	3.02	3.14	2.74	2.60	2.50
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,405	1,402	1,434	997	982	872	825	558	549	375	328
Invested Capital Turnover	0.23	0.20	0.21	0.24	0.20	0.21	0.21	0.22	0.21	0.22	0.22
Increase / (Decrease) in Invested Capital	3.26	-32	437	14	110	48	267	9.19	173	47	19
Enterprise Value (EV)	1,309	1,263	1,261	869	505	774	621	571	429	234	226
Market Capitalization	875	800	615	716	511	518	421	411	352	178	87
Book Value per Share	$35.40	$33.27	$30.94	$35.97	$33.95	$31.60	$31.11	$24.41	$22.53	$21.08	$23.41
Tangible Book Value per Share	$24.44	$22.19	$22.64	$28.15	$26.30	$23.60	$22.01	$18.79	$16.86	$15.14	$18.71
Total Capital	1,405	1,402	1,434	883	982	872	825	558	549	375	328
Total Debt	558	608	800	233	414	346	349	250	268	170	163
Total Long-Term Debt	354	395	579	86	207	138	149	84	82	41	21
Net Debt	434	464	646	153	-5.79	256	200	159	77	29	111
Capital Expenditures (CapEx)	4.94	3.64	5.02	3.70	2.46	4.10	3.11	1.27	0.55	1.76	1.18
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)	558	608	800	346	414	346	349	250	268	170	163
Total Depreciation and Amortization (D&A)	21	15	15	14	12	11	7.88	8.13	7.94	4.44	3.96
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$3.31	$3.17	$3.62	$2.88	$2.71	$2.88	$2.53	$2.13	$2.07	$1.84	$1.88
Adjusted Weighted Average Basic Shares Outstanding	23.98M	23.89M	20.50M	20.44M	18.04M	16.70M	16.67M	12.67M	12.48M	8.46M	7.02M
Adjusted Diluted Earnings per Share	$3.30	$3.15	$3.60	$2.87	$2.70	$2.87	$2.52	$2.13	$2.05	$1.81	$1.85
Adjusted Weighted Average Diluted Shares Outstanding	23.98M	23.89M	20.50M	20.44M	18.04M	16.70M	16.67M	12.67M	12.48M	8.46M	7.02M
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	23.98M	23.89M	20.50M	20.44M	18.04M	16.70M	16.67M	12.67M	12.48M	8.46M	7.02M
Normalized Net Operating Profit after Tax (NOPAT)	79	69	73	51	45	48	37	27	22	17	15
Normalized NOPAT Margin	24.28%	24.60%	28.17%	21.68%	24.22%	26.39%	24.87%	21.62%	22.26%	21.64%	22.13%
Pre Tax Income Margin	32.12%	31.55%	35.25%	28.12%	31.96%	34.82%	32.96%	33.81%	34.43%	33.72%	35.38%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.81	0.83	2.89	4.38	3.57	2.63	3.78	6.44	7.87	7.35	7.60
NOPAT to Interest Expense	0.61	0.65	2.31	3.37	2.71	1.99	2.85	4.12	5.09	4.72	4.75
EBIT Less CapEx to Interest Expense	0.77	0.79	2.73	4.13	3.42	2.46	3.54	6.24	7.74	6.85	7.24
NOPAT Less CapEx to Interest Expense	0.57	0.61	2.15	3.13	2.56	1.82	2.61	3.92	4.96	4.22	4.39
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	28.35%	28.37%	24.44%	28.59%	28.31%	24.74%	24.02%	27.09%	30.05%	33.24%	45.19%
Augmented Payout Ratio	29.19%	29.04%	24.91%	29.22%	28.78%	27.44%	24.40%	30.07%	30.05%	39.70%	56.59%

This table displays calculated financial ratios and metrics derived from First Mid Bancshares' official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	5.41%	7.68%	9.62%	28.02%	21.74%	23.96%	12.99%	-5.40%	1.64%	6.32%	5.16%
EBITDA Growth	2.68%	14.80%	29.91%	28.25%	13.69%	-2.47%	-13.28%	-7.84%	13.37%	3.57%	-2.88%
EBIT Growth	4.48%	17.18%	23.81%	25.10%	8.16%	-8.64%	-12.28%	-7.01%	17.11%	7.73%	-4.40%
NOPAT Growth	8.14%	6.07%	28.87%	19.18%	6.90%	-12.44%	-15.73%	-6.71%	15.43%	22.60%	-2.11%
Net Income Growth	8.14%	6.07%	28.87%	19.18%	6.90%	-12.44%	-15.73%	-6.71%	15.43%	22.60%	-2.11%
EPS Growth	8.14%	9.46%	19.12%	2.50%	-7.53%	-26.00%	-22.73%	-6.98%	8.14%	6.38%	-12.87%
Operating Cash Flow Growth	64.84%	32.67%	512.29%	34.27%	43.06%	149.46%	-84.15%	543.88%	-15.86%	-49.54%	-24.64%
Free Cash Flow Firm Growth	-95.45%	-68.25%	117.31%	137.15%	149.66%	112.04%	-232.63%	59.94%	-1,394.43%	-17,603.03%	32.26%
Invested Capital Growth	0.81%	0.23%	-2.44%	-1.63%	-13.83%	-2.23%	29.74%	10.20%	46.24%	43.81%	11.28%
Revenue Q/Q Growth	-1.22%	5.89%	1.74%	-0.95%	0.91%	7.80%	18.82%	-5.81%	2.74%	-1.74%	-0.52%
EBITDA Q/Q Growth	8.60%	-0.42%	-3.39%	-1.73%	21.42%	12.69%	-4.62%	-12.89%	4.16%	0.20%	1.37%
EBIT Q/Q Growth	10.94%	0.02%	-5.04%	-0.85%	24.43%	5.68%	-4.05%	-14.28%	5.10%	1.48%	1.72%
NOPAT Q/Q Growth	15.67%	-1.61%	-1.33%	-3.70%	13.46%	19.54%	-8.75%	-13.62%	-7.07%	15.05%	1.02%
Net Income Q/Q Growth	15.67%	-1.61%	-1.33%	-3.70%	13.46%	19.54%	-8.75%	-13.62%	-7.07%	15.05%	1.02%
EPS Q/Q Growth	14.81%	0.00%	-1.22%	-4.65%	16.22%	8.82%	-15.00%	-13.98%	-7.00%	13.64%	2.33%
Operating Cash Flow Q/Q Growth	25.11%	15.52%	38.21%	-17.47%	0.69%	433.14%	-69.69%	-12.08%	75.59%	-66.14%	949.06%
Free Cash Flow Firm Q/Q Growth	-30.93%	-71.00%	27.21%	-82.15%	382.30%	115.81%	-172.96%	76.14%	-16.95%	-336.66%	67.13%
Invested Capital Q/Q Growth	-1.08%	-0.59%	0.19%	2.33%	-1.65%	-3.25%	1.02%	-10.36%	11.58%	28.40%	-14.20%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	39.33%	35.78%	38.04%	40.06%	40.38%	33.56%	32.10%	39.99%	43.24%	42.65%	41.82%
EBIT Margin	33.40%	29.74%	31.49%	33.73%	33.70%	27.33%	27.88%	34.52%	37.93%	37.08%	35.91%
Profit (Net Income) Margin	26.31%	22.47%	24.18%	24.93%	25.65%	22.81%	20.57%	26.78%	29.21%	32.29%	27.58%
Tax Burden Percent	78.76%	75.54%	76.80%	73.92%	76.10%	83.46%	73.78%	77.59%	77.00%	87.08%	76.80%
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	21.24%	24.46%	23.20%	26.08%	23.90%	16.54%	26.22%	22.41%	23.00%	12.92%	23.20%
Return on Invested Capital (ROIC)	6.26%	5.20%	5.39%	5.47%	5.07%	4.51%	4.25%	5.02%	5.64%	6.88%	6.64%
ROIC Less NNEP Spread (ROIC-NNEP)	6.26%	5.20%	5.39%	5.47%	5.07%	4.51%	4.25%	5.02%	5.64%	6.88%	6.64%
Return on Net Nonoperating Assets (RNNOA)	4.12%	3.70%	4.27%	5.08%	5.28%	4.45%	3.89%	5.65%	5.80%	6.15%	4.82%
Return on Equity (ROE)	10.38%	8.91%	9.66%	10.55%	10.35%	8.96%	8.14%	10.68%	11.44%	13.03%	11.46%
Cash Return on Invested Capital (CROIC)	5.01%	5.39%	7.91%	6.81%	19.57%	7.12%	-20.31%	-4.27%	-31.95%	-29.93%	-4.16%
Operating Return on Assets (OROA)	1.44%	1.28%	1.30%	1.47%	1.38%	1.07%	1.02%	1.33%	1.48%	1.51%	1.44%
Return on Assets (ROA)	1.14%	0.97%	1.00%	1.09%	1.05%	0.89%	0.75%	1.03%	1.14%	1.31%	1.11%
Return on Common Equity (ROCE)	10.38%	8.91%	9.66%	10.55%	10.34%	8.96%	8.14%	10.68%	11.43%	13.03%	11.46%
Return on Equity Simple (ROE_SIMPLE)	9.25%	0.00%	9.06%	9.03%	8.80%	0.00%	9.69%	11.25%	11.41%	0.00%	11.51%
Net Operating Profit after Tax (NOPAT)	22	19	19	20	21	18	15	17	19	21	18
NOPAT Margin	26.31%	22.47%	24.18%	24.93%	25.65%	22.81%	20.57%	26.78%	29.21%	32.29%	27.58%
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	48.75%	47.06%	50.21%	48.60%	48.62%	48.69%	45.06%	49.29%	49.84%	47.65%	48.46%
Operating Expenses to Revenue	64.64%	65.99%	66.94%	64.90%	66.75%	71.97%	64.08%	64.74%	63.31%	61.66%	63.87%
Earnings before Interest and Taxes (EBIT)	28	25	25	27	27	22	20	21	25	24	23
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	33	31	31	32	32	27	24	25	28	27	27
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.96	1.03	1.08	0.96	0.97	1.01	0.72	0.72	0.81	0.97	1.03
Price to Tangible Book Value (P/TBV)	1.37	1.50	1.57	1.40	1.43	1.51	1.13	0.99	1.08	1.33	1.43
Price to Revenue (P/Rev)	2.54	2.69	2.92	2.50	2.62	2.85	2.00	1.86	2.05	2.37	2.41
Price to Earnings (P/E)	10.39	11.09	11.96	10.63	10.96	11.60	7.42	6.43	7.06	8.43	8.91
Dividend Yield	2.72%	2.57%	2.39%	2.82%	2.85%	2.74%	3.56%	3.95%	3.50%	2.99%	2.96%
Earnings Yield	9.63%	9.02%	8.36%	9.41%	9.12%	8.62%	13.48%	15.55%	14.17%	11.86%	11.23%
Enterprise Value to Invested Capital (EV/IC)	0.83	0.93	0.93	0.81	0.72	0.90	0.59	0.75	0.91	0.88	0.87
Enterprise Value to Revenue (EV/Rev)	3.50	4.03	4.13	3.65	3.37	4.51	3.23	4.19	5.58	4.87	3.80
Enterprise Value to EBITDA (EV/EBITDA)	9.14	10.45	10.86	9.97	9.25	12.23	8.23	9.99	13.23	11.86	9.19
Enterprise Value to EBIT (EV/EBIT)	10.91	12.53	13.08	11.88	10.96	14.29	9.46	11.52	15.29	13.82	10.82
Enterprise Value to NOPAT (EV/NOPAT)	14.29	16.59	16.93	15.50	14.11	18.33	11.97	14.47	19.22	17.29	14.02
Enterprise Value to Operating Cash Flow (EV/OCF)	8.04	10.52	11.45	13.04	12.21	17.45	15.52	12.82	23.41	19.16	12.56
Enterprise Value to Free Cash Flow (EV/FCFF)	16.60	17.30	11.64	11.76	3.40	12.51	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.60	0.66	0.65	0.73	0.73	0.77	0.96	1.17	1.42	1.26	0.86
Long-Term Debt to Equity	0.34	0.42	0.41	0.48	0.46	0.50	0.67	0.85	1.07	0.91	0.48
Financial Leverage	0.66	0.71	0.79	0.93	1.04	0.99	0.92	1.13	1.03	0.89	0.73
Leverage Ratio	9.14	9.21	9.66	9.69	9.84	10.05	10.84	10.38	10.02	9.92	10.34
Compound Leverage Factor	9.14	9.21	9.66	9.69	9.84	10.05	10.84	10.38	10.02	9.92	10.34
Debt to Total Capital	37.32%	39.75%	39.25%	42.32%	42.11%	43.40%	49.06%	53.92%	58.62%	55.83%	46.20%
Short-Term Debt to Total Capital	15.82%	14.53%	14.46%	14.60%	15.29%	15.25%	14.84%	14.59%	14.30%	15.45%	20.22%
Long-Term Debt to Total Capital	21.51%	25.22%	24.79%	27.72%	26.82%	28.16%	34.21%	39.34%	44.33%	40.39%	25.98%
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	62.68%	60.25%	60.75%	57.68%	57.89%	56.60%	50.94%	46.08%	41.32%	44.17%	53.80%
Debt to EBITDA	4.12	4.46	4.57	5.23	5.41	5.89	6.83	7.19	8.55	7.53	4.89
Net Debt to EBITDA	2.50	3.46	3.19	3.13	2.06	4.49	3.13	5.55	8.37	6.08	3.35
Long-Term Debt to EBITDA	2.37	2.83	2.89	3.42	3.45	3.82	4.77	5.24	6.46	5.44	2.75
Debt to NOPAT	6.44	7.08	7.13	8.13	8.26	8.82	9.94	10.40	12.42	10.97	7.46
Net Debt to NOPAT	3.91	5.50	4.97	4.87	3.15	6.73	4.55	8.04	12.17	8.86	5.11
Long-Term Debt to NOPAT	3.71	4.49	4.50	5.32	5.26	5.72	6.93	7.59	9.39	7.94	4.20
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.07%	0.00%	0.00%	0.00%	0.07%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	11	16	55	43	242	50	-317	-116	-487	-416	-95
Operating Cash Flow to CapEx	0.00%	3,081.64%	2,990.16%	2,149.96%	1,962.70%	4,667.96%	486.16%	1,846.23%	2,157.81%	1,009.08%	3,065.44%
Free Cash Flow to Firm to Interest Expense	0.39	0.52	1.63	1.35	7.50	1.54	-10.57	-4.89	-23.76	-27.67	-11.21
Operating Cash Flow to Interest Expense	1.70	1.24	0.98	0.75	0.90	0.89	0.18	0.75	0.99	0.77	4.02
Operating Cash Flow Less CapEx to Interest Expense	1.76	1.20	0.95	0.72	0.86	0.87	0.14	0.71	0.95	0.69	3.89
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	3.31	3.22	3.13	3.26	3.07	2.92	2.75	2.84	2.90	3.01	2.96
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,390	1,405	1,413	1,411	1,378	1,402	1,449	1,434	1,600	1,434	1,116
Invested Capital Turnover	0.24	0.23	0.22	0.22	0.20	0.20	0.21	0.19	0.19	0.21	0.24
Increase / (Decrease) in Invested Capital	11	3.26	-35	-23	-221	-32	332	133	506	437	113
Enterprise Value (EV)	1,152	1,309	1,317	1,138	991	1,263	856	1,075	1,452	1,261	969
Market Capitalization	837	875	930	781	770	800	530	478	533	615	616
Book Value per Share	$36.32	$35.40	$35.91	$34.05	$33.40	$33.27	$35.93	$32.18	$32.24	$30.94	$29.37
Tangible Book Value per Share	$25.53	$24.44	$24.82	$23.28	$22.49	$22.19	$22.89	$23.48	$24.03	$22.64	$21.01
Total Capital	1,390	1,405	1,413	1,411	1,378	1,402	1,449	1,434	1,600	1,434	1,116
Total Debt	519	558	555	597	580	608	711	773	938	800	516
Total Long-Term Debt	299	354	350	391	370	395	496	564	709	579	290
Net Debt	315	434	387	358	221	464	325	597	919	646	353
Capital Expenditures (CapEx)	-1.57	1.24	1.11	1.12	1.48	0.62	1.11	0.97	0.94	1.15	1.11
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)	519	558	555	597	580	608	711	773	938	800	516
Total Depreciation and Amortization (D&A)	5.00	5.15	5.28	5.01	5.34	4.93	3.10	3.38	3.49	3.56	3.85
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.93	$0.81	$0.81	$0.83	$0.86	$0.74	$0.68	$0.81	$0.94	$1.01	$0.88
Adjusted Weighted Average Basic Shares Outstanding	23.99M	23.98M	23.91M	23.91M	23.90M	23.89M	23.84M	20.54M	20.53M	20.50M	20.46M
Adjusted Diluted Earnings per Share	$0.93	$0.81	$0.81	$0.82	$0.86	$0.74	$0.68	$0.80	$0.93	$1.00	$0.88
Adjusted Weighted Average Diluted Shares Outstanding	23.99M	23.98M	23.91M	23.91M	23.90M	23.89M	23.84M	20.54M	20.53M	20.50M	20.46M
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	23.99M	23.98M	23.91M	23.91M	23.90M	23.89M	23.84M	20.54M	20.53M	20.50M	20.46M
Normalized Net Operating Profit after Tax (NOPAT)	22	19	19	20	21	18	15	17	19	21	18
Normalized NOPAT Margin	26.31%	22.47%	24.18%	24.93%	25.65%	22.81%	20.57%	26.78%	29.21%	32.29%	27.58%
Pre Tax Income Margin	33.40%	29.74%	31.49%	33.73%	33.70%	27.33%	27.88%	34.52%	37.93%	37.08%	35.91%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.00	0.82	0.75	0.84	0.84	0.67	0.68	0.90	1.22	1.58	2.75
NOPAT to Interest Expense	0.79	0.62	0.58	0.62	0.64	0.56	0.50	0.70	0.94	1.37	2.11
EBIT Less CapEx to Interest Expense	1.06	0.78	0.72	0.80	0.79	0.65	0.65	0.86	1.17	1.50	2.62
NOPAT Less CapEx to Interest Expense	0.84	0.58	0.55	0.58	0.59	0.54	0.47	0.66	0.89	1.30	1.98
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	28.09%	28.35%	28.43%	28.74%	28.94%	28.37%	26.27%	25.26%	24.57%	24.44%	24.74%
Augmented Payout Ratio	28.09%	29.19%	29.02%	29.37%	29.59%	29.04%	26.74%	25.70%	25.01%	24.91%	25.23%

Frequently Asked Questions About First Mid Bancshares' Financials

When does First Mid Bancshares's financial year end?

According to the most recent income statement we have on file, First Mid Bancshares' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has First Mid Bancshares' net income changed over the last 10 years?

First Mid Bancshares' net income appears to be on an upward trend, with a most recent value of $78.90 million in 2024, rising from $15.46 million in 2014. The previous period was $68.94 million in 2023. Find out what analysts predict for First Mid Bancshares in the coming months.

How has First Mid Bancshares revenue changed over the last 10 years?

Over the last 10 years, First Mid Bancshares' total revenue changed from $69.85 million in 2014 to $325.01 million in 2024, a change of 365.3%.

How much debt does First Mid Bancshares have?

First Mid Bancshares' total liabilities were at $6.67 billion at the end of 2024, a 1.8% decrease from 2023, and a 362.7% increase since 2014.

How much cash does First Mid Bancshares have?

In the past 10 years, First Mid Bancshares' cash and equivalents has ranged from $0.00 in 2021 to $138.41 million in 2022, and is currently $92.11 million as of their latest financial filing in 2024.

How has First Mid Bancshares' book value per share changed over the last 10 years?

Over the last 10 years, First Mid Bancshares' book value per share changed from 23.41 in 2014 to 35.40 in 2024, a change of 51.2%.

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This page (NASDAQ:FMBH) was last updated on 5/25/2025 by MarketBeat.com Staff

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First Mid Bancshares (FMBH) Financials

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First Mid Bancshares (FMBH) Financials

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