Free Trial
$100 Off Ends Tonight! MarketBeat All Access Returns to $249
  • 0Days
  • 0Hours
  • 0Minutes
  • 0Seconds
Save $100 Now
Claim MarketBeat All Access Sale Promotion

First Mid Bancshares (FMBH) Financials

First Mid Bancshares logo
$43.60 0.00 (0.00%)
Closing price 05/22/2026 04:00 PM Eastern
Extended Trading
$43.64 +0.04 (+0.09%)
As of 05/22/2026 05:36 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
Annual Income Statements for First Mid Bancshares

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders
14 21 27 37 48 45 51 73 69 79 92
Consolidated Net Income / (Loss)
17 22 27 37 48 45 51 73 69 79 92
Net Income / (Loss) Continuing Operations
17 22 27 37 48 45 51 73 69 79 92
Total Pre-Tax Income
26 34 42 49 63 60 67 91 88 104 117
Total Revenue
76 98 123 147 182 187 238 259 280 325 349
Net Interest Income / (Expense)
56 71 93 112 126 127 168 184 193 229 256
Total Interest Income
59 75 100 125 150 144 183 216 300 357 373
Loans and Leases Interest Income
48 62 83 106 127 127 160 186 262 320 339
Investment Securities Interest Income
11 13 16 18 21 17 23 29 32 29 29
Deposits and Money Market Investments Interest Income
0.24 0.49 0.34 0.55 1.84 0.36 0.41 0.53 5.21 8.04 5.41
Federal Funds Sold and Securities Borrowed Interest Income
0.00 0.04 0.06 0.01 0.01 0.00 0.00 0.11 0.42 0.05 0.00
Total Interest Expense
3.50 4.29 6.48 13 24 17 15 32 107 129 117
Deposits Interest Expense
2.28 2.71 4.00 8.57 19 13 9.04 19 77 107 98
Long-Term Debt Interest Expense
1.16 1.48 2.31 3.48 4.18 3.46 5.99 11 23 15 14
Federal Funds Purchased and Securities Sold Interest Expense
0.06 0.10 0.18 0.33 0.91 0.49 0.23 1.80 6.57 6.45 4.49
Total Non-Interest Income
21 27 30 35 56 60 70 75 87 96 93
Trust Fees by Commissions
5.06 5.43 - - - 16 20 22 21 23 23
Other Service Charges
15 12 14 16 28 35 46 49 55 69 63
Net Realized & Unrealized Capital Gains on Investments
0.45 1.19 0.62 0.90 0.80 1.11 0.12 0.03 3.38 -0.43 -2.51
Other Non-Interest Income
0.00 1.84 8.73 11 19 6.81 3.04 3.56 7.24 4.73 9.14
Provision for Credit Losses
1.32 2.83 7.46 8.67 6.43 16 15 4.81 6.10 5.64 9.92
Total Non-Interest Expense
49 62 74 90 112 111 156 163 186 215 222
Salaries and Employee Benefits
26 32 40 47 63 66 90 99 105 124 135
Net Occupancy & Equipment Expense
9.14 11 13 15 18 17 22 24 27 30 37
Marketing Expense
1.09 1.85 1.36 1.79 2.03 1.62 3.60 3.00 3.01 3.42 3.35
Property & Liability Insurance Claims
0.90 0.97 0.91 1.06 0.22 1.31 1.60 1.81 3.34 3.46 3.48
Other Operating Expenses
11 13 17 23 24 20 34 29 38 40 32
Amortization Expense
0.89 1.91 2.15 3.22 5.85 5.06 5.39 6.29 9.13 14 12
Income Tax Expense
9.22 12 15 12 15 14 15 18 19 25 25
Basic Earnings per Share
$1.84 $2.07 $2.13 $2.53 $2.88 $2.71 $2.88 $3.62 $3.17 $3.31 $3.84
Weighted Average Basic Shares Outstanding
7.78M 10.15M 12.53M 14.50M 16.60M 18.04M 20.44M 20.50M 23.89M 23.98M 24.08M
Diluted Earnings per Share
$1.81 $2.05 $2.13 $2.52 $2.87 $2.70 $2.87 $3.60 $3.15 $3.30 $3.83
Weighted Average Diluted Shares Outstanding
7.78M 10.15M 12.53M 14.50M 16.60M 18.04M 20.44M 20.50M 23.89M 23.98M 24.08M
Weighted Average Basic & Diluted Shares Outstanding
7.78M 10.15M 12.53M 14.50M 16.60M 18.04M 20.44M 20.50M 23.89M 23.98M 24.08M
Cash Dividends to Common per Share
$0.59 $0.62 $0.66 $0.70 $0.76 $0.81 $0.85 $0.90 $92.00 $94.00 $98.00

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 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders
15 18 21 20 19 19 22 23 22 24 26
Consolidated Net Income / (Loss)
15 18 21 20 19 19 22 23 22 24 26
Net Income / (Loss) Continuing Operations
15 18 21 20 19 19 22 23 22 24 26
Total Pre-Tax Income
20 22 27 27 25 25 28 30 29 30 34
Total Revenue
73 79 80 79 81 85 84 87 89 88 97
Net Interest Income / (Expense)
50 57 55 57 58 59 59 64 66 67 71
Total Interest Income
80 90 88 89 91 90 88 93 96 96 101
Loans and Leases Interest Income
69 79 78 80 82 81 80 85 87 87 91
Investment Securities Interest Income
9.28 8.52 7.41 7.41 7.04 6.99 6.78 6.90 7.66 7.55 7.89
Deposits and Money Market Investments Interest Income
1.90 2.61 2.43 1.71 2.34 1.56 0.86 1.72 1.46 1.37 1.75
Federal Funds Sold and Securities Borrowed Interest Income
0.11 0.12 0.02 0.01 0.03 - 0.00 0.00 0.00 0.00 0.00
Total Interest Expense
30 32 32 32 34 31 28 30 30 29 30
Deposits Interest Expense
22 26 26 26 28 26 24 25 25 24 25
Long-Term Debt Interest Expense
6.32 4.80 4.05 3.97 3.85 3.42 3.25 3.36 3.49 3.92 4.04
Federal Funds Purchased and Securities Sold Interest Expense
1.63 1.75 2.06 1.62 1.44 1.33 1.18 1.22 1.11 0.99 1.03
Total Non-Interest Income
23 22 24 22 23 26 25 24 23 22 26
Trust Fees by Commissions
4.94 - 5.32 - 5.82 6.28 5.80 5.39 5.15 6.60 6.38
Other Service Charges
13 8.38 18 12 15 21 18 16 17 14 19
Net Realized & Unrealized Capital Gains on Investments
3.39 0.05 0.00 -0.16 -0.28 - -0.18 0.00 -1.93 -0.40 0.02
Other Non-Interest Income
1.87 12 1.12 7.64 2.31 -0.93 1.69 2.28 2.51 1.95 1.34
Provision for Credit Losses
5.91 0.55 -0.36 1.08 1.27 3.64 1.65 2.57 3.35 2.35 2.60
Total Non-Interest Expense
47 57 53 51 54 56 54 55 57 56 61
Salaries and Employee Benefits
25 30 30 30 32 32 32 34 34 36 35
Net Occupancy & Equipment Expense
6.93 7.98 7.56 7.51 8.06 7.29 8.48 7.87 9.20 11 9.83
Marketing Expense
0.76 0.68 0.86 0.81 0.84 0.91 0.85 0.78 0.96 0.76 0.82
Property & Liability Insurance Claims
0.79 1.02 0.87 0.90 0.83 0.86 0.85 0.87 0.87 0.88 0.94
Other Operating Expenses
11 14 10 8.66 9.24 12 9.31 8.50 9.42 4.56 11
Amortization Expense
2.57 3.56 3.50 3.34 3.41 3.31 3.23 3.12 3.13 2.96 3.30
Income Tax Expense
5.37 3.58 6.44 6.97 5.89 6.21 5.98 6.69 6.31 6.32 7.58
Basic Earnings per Share
$0.68 $0.74 $0.86 $0.83 $0.81 $0.81 $0.93 $0.98 $0.94 $0.99 $1.06
Weighted Average Basic Shares Outstanding
23.84M 23.89M 23.90M 23.91M 23.91M 23.98M 23.99M 24.00M 24.00M 24.08M 26.62M
Diluted Earnings per Share
$0.68 $0.74 $0.86 $0.82 $0.81 $0.81 $0.93 $0.98 $0.94 $0.98 $1.06
Weighted Average Diluted Shares Outstanding
23.84M 23.89M 23.90M 23.91M 23.91M 23.98M 23.99M 24.00M 24.00M 24.08M 26.62M
Weighted Average Basic & Diluted Shares Outstanding
23.84M 23.89M 23.90M 23.91M 23.91M 23.98M 23.99M 24.00M 24.00M 24.08M 26.62M
Cash Dividends to Common per Share
$0.23 $0.23 $0.23 $0.23 $0.24 $0.24 $0.24 $0.24 $0.25 $97.27 $0.25

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents
64 60 -87 53 -56 332 -249 -16 -9.37 -22 134
Net Cash From Operating Activities
22 27 46 42 63 64 70 66 72 124 131
Net Cash From Continuing Operating Activities
22 27 46 42 63 64 70 66 72 124 131
Net Income / (Loss) Continuing Operations
17 22 27 37 48 45 51 73 69 79 92
Consolidated Net Income / (Loss)
17 22 27 37 48 45 51 73 69 79 92
Provision For Loan Losses
1.32 2.83 7.46 8.67 6.43 16 15 4.81 6.10 5.64 9.92
Depreciation Expense
4.44 7.94 8.13 7.88 11 12 14 15 15 21 20
Non-Cash Adjustments to Reconcile Net Income
1.14 -3.39 2.73 2.02 -3.12 -9.84 -3.81 -5.60 6.36 -6.88 -5.62
Changes in Operating Assets and Liabilities, net
-1.41 -1.79 1.15 -13 0.73 0.29 -7.68 -21 -24 26 15
Net Cash From Investing Activities
10 -78 -56 -11 -32 -562 -482 -179 474 -7.51 -303
Net Cash From Continuing Investing Activities
10 -78 -56 -11 -32 -562 -482 -179 474 -7.51 -303
Purchase of Property, Leasehold Improvements and Equipment
-1.76 -0.70 -1.27 -3.11 -4.10 -2.46 -3.70 -5.02 -3.64 -4.95 -6.85
Acquisitions
- - - - - - 27 67 45 -8.94 -2.42
Purchase of Investment Securities
-399 -411 -307 -136 -248 -953 -755 -429 -23 -122 -479
Sale of Property, Leasehold Improvements and Equipment
0.00 0.15 - - - - - 0.00 0.00 0.01 11
Sale and/or Maturity of Investments
134 297 253 71 220 393 249 188 456 128 174
Net Cash From Financing Activities
32 111 -77 21 -87 831 164 97 -556 -139 305
Net Cash From Continuing Financing Activities
32 111 -77 21 -87 831 164 97 -556 -139 305
Net Change in Deposits
6.84 61 -55 -20 -71 775 273 -260 -328 -67 338
Issuance of Debt
7.00 42 52 45 50 118 5.00 360 150 165 204
Issuance of Common Equity
28 0.20 4.40 37 0.66 0.61 1.94 1.24 1.00 1.05 1.12
Repayment of Debt
-7.00 -19 -40 -45 -74 -44 -40 -26 -351 -206 -206
Repurchase of Common Equity
-1.07 0.00 -0.80 -0.14 -1.29 -0.21 -0.33 -0.34 -0.47 -0.66 -0.72
Payment of Dividends
-5.49 -6.56 -7.23 -8.79 -12 -13 -15 -18 -20 -22 -23
Other Financing Activities, Net
3.18 33 -31 13 21 -6.17 -61 40 -7.69 -9.60 -7.41
Cash Interest Paid
3.43 4.11 6.42 12 24 17 16 30 105 129 116
Cash Income Taxes Paid
7.80 13 12 9.65 16 19 19 23 22 -1.52 18

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 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents
209 -240 213 -120 -71 -43 80 -11 87 -22 222
Net Cash From Operating Activities
5.41 29 29 24 33 38 48 7.75 33 42 25
Net Cash From Continuing Operating Activities
5.41 29 29 24 33 38 48 7.75 33 42 25
Net Income / (Loss) Continuing Operations
15 18 21 20 19 19 22 23 22 24 26
Consolidated Net Income / (Loss)
15 18 21 20 19 19 22 23 22 24 26
Provision For Loan Losses
5.91 0.55 -0.36 1.08 1.27 3.64 1.65 2.57 3.35 2.35 2.60
Depreciation Expense
3.10 4.93 5.34 5.01 5.28 5.15 5.00 4.87 4.99 4.91 5.36
Non-Cash Adjustments to Reconcile Net Income
-7.08 19 -1.26 -5.49 -0.71 0.58 1.63 -4.99 1.10 -3.35 -2.55
Changes in Operating Assets and Liabilities, net
-12 -14 4.82 3.72 7.72 9.73 17 -18 1.14 15 -6.65
Net Cash From Investing Activities
355 62 97 -28 -30 -47 4.55 -98 -46 -163 80
Net Cash From Continuing Investing Activities
355 62 97 -28 -30 -47 4.55 -98 -46 -163 80
Purchase of Property, Leasehold Improvements and Equipment
-1.11 -0.62 -1.48 -1.12 -1.11 -1.24 -1.93 -1.78 -1.10 -2.03 -1.96
Acquisitions
55 - - - -8.94 - 0.00 - - -0.12 88
Purchase of Investment Securities
0.02 -21 77 -66 -63 -70 -32 -67 -206 -205 -200
Sale of Property, Leasehold Improvements and Equipment
- - 0.00 - - - 3.50 0.22 4.15 3.31 0.02
Sale and/or Maturity of Investments
302 84 22 39 43 24 35 -29 159 40 193
Net Cash From Financing Activities
-152 -331 86 -116 -75 -34 28 78 100 99 118
Net Cash From Continuing Financing Activities
-152 -331 86 -116 -75 -34 28 78 100 99 118
Net Change in Deposits
-68 -223 119 -127 -27 -32 73 60 99 106 112
Issuance of Debt
-10 - 0.00 75 - 90 54 75 25 50 0.00
Issuance of Common Equity
0.24 0.22 0.38 0.20 0.25 0.22 0.43 0.21 0.25 0.23 0.52
Repayment of Debt
-75 -101 -25 -59 -42 -77 -110 -25 -25 -47 -0.21
Repurchase of Common Equity
- -0.46 - - - -0.66 0.00 - - - -0.50
Payment of Dividends
-4.70 -5.46 -5.47 -5.47 -5.71 -5.72 -5.73 -5.73 -5.97 -5.97 -5.98
Other Financing Activities, Net
5.81 -1.26 -3.00 - - -9.60 16 -26 6.57 -3.79 12
Cash Interest Paid
28 34 31 33 33 32 27 29 29 31 29
Cash Income Taxes Paid
6.92 5.63 -0.82 -1.48 -0.79 -0.08 -1.19 9.32 0.96 8.87 -0.29

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets
2,114 2,885 2,842 3,840 3,839 4,726 5,987 6,744 7,587 7,520 7,967
Cash and Due from Banks
43 58 75 64 76 75 - 138 123 92 57
Federal Funds Sold
0.49 39 0.49 0.67 0.93 1.31 1.36 7.63 8.98 0.08 0.08
Interest Bearing Deposits at Other Banks
73 79 13 77 7.66 341 76 6.39 11 29 198
Time Deposits Placed and Other Short-Term Investments
25 15 1.69 7.57 4.63 2.70 2.45 1.47 1.47 3.50 1.74
Trading Account Securities
605 695 649 763 756 884 1,428 1,222 1,178 1,070 1,084
Loans and Leases, Net of Allowance
1,266 1,808 1,918 2,617 -27 -42 3,938 -59 -69 -70 -75
Allowance for Loan and Lease Losses
15 17 20 26 27 42 55 59 69 70 75
Loans Held for Sale
- - - - 1.82 1.92 - 0.34 4.98 6.61 5.20
Premises and Equipment, Net
31 40 38 59 59 58 81 90 101 100 91
Goodwill
41 58 60 105 105 105 112 140 196 203 203
Intangible Assets
9.00 13 11 34 28 23 30 29 68 59 50
Other Assets
21 80 74 113 2,826 3,276 223 5,166 5,962 6,026 6,352
Total Liabilities & Shareholders' Equity
2,114 2,885 2,842 3,840 3,839 4,726 5,987 6,744 7,587 7,520 7,967
Total Liabilities
1,909 2,604 2,534 3,364 3,313 4,158 5,222 6,111 6,794 6,673 7,008
Non-Interest Bearing Deposits
343 471 480 576 633 937 1,247 1,257 1,398 1,329 1,393
Interest Bearing Deposits
1,390 1,859 1,794 2,413 2,284 2,756 3,710 4,000 4,725 4,728 5,003
Short-Term Debt
129 186 166 200 208 207 146 221 214 204 197
Accrued Interest Payable
0.36 0.54 0.60 1.76 2.26 2.35 - 3.35 5.44 5.28 5.78
Other Short-Term Payables
- - - - - - - - - - 0.00
Long-Term Debt
41 82 84 149 138 207 86 579 395 354 354
Other Long-Term Liabilities
6.55 5.60 8.60 25 47 49 33 50 56 53 56
Commitments & Contingencies
- - - - - - - - - 0.00 0.00
Total Equity & Noncontrolling Interests
205 281 308 476 527 568 651 633 793 846 959
Total Preferred & Common Equity
205 281 308 476 527 568 634 633 793 846 959
Total Common Equity
178 281 308 476 527 568 651 633 793 846 959
Common Stock
118 213 219 365 367 369 417 513 609 613 618
Retained Earnings
72 86 105 131 167 198 234 289 339 395 464
Treasury Stock
-16 -16 -16 -17 -18 -19 - -20 -21 -22 -24
Accumulated Other Comprehensive Income / (Loss)
0.72 -5.76 -2.30 -6.47 8.36 17 -0.83 -152 -136 -142 -101
Other Equity Adjustments
3.25 3.20 3.54 2.76 2.76 2.98 - 2.06 2.63 2.76 2.65

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 Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets
6,651 6,683 6,704 7,855 7,678 7,581 7,562 7,573 7,680 7,830 9,289
Cash and Due from Banks
141 - 134 143 81 104 118 105 118 97 65
Federal Funds Sold
7.40 7.90 8.16 8.45 0.02 0.03 0.03 0.08 0.08 0.08 0.95
Interest Bearing Deposits at Other Banks
12 9.39 33 232 275 131 46 96 72 180 411
Time Deposits Placed and Other Short-Term Investments
1.47 1.72 1.72 1.96 3.75 3.75 3.50 2.52 2.03 1.05 3.06
Trading Account Securities
1,234 1,216 1,168 1,225 1,146 1,117 1,122 1,046 1,084 1,097 1,183
Loans and Leases, Net of Allowance
-59 -58 -59 -68 -68 -68 -69 -70 -71 -73 -87
Allowance for Loan and Lease Losses
59 58 59 68 68 68 69 70 71 73 87
Loans Held for Sale
0.47 1.00 2.71 6.23 4.82 7.76 8.09 3.64 7.36 5.54 4.91
Premises and Equipment, Net
91 90 90 102 102 102 101 97 98 95 102
Goodwill
140 140 146 196 196 196 203 203 203 203 203
Intangible Assets
31 28 32 71 64 61 62 55 52 52 74
Other Assets
5,052 5,095 5,148 5,938 5,874 5,926 5,967 6,033 6,115 6,173 7,328
Total Liabilities & Shareholders' Equity
6,651 6,683 6,704 7,855 7,678 7,581 7,562 7,573 7,680 7,830 9,289
Total Liabilities
6,051 6,021 6,043 7,117 6,880 6,767 6,704 6,702 6,786 6,898 8,212
Non-Interest Bearing Deposits
1,335 1,262 1,171 1,389 1,448 1,393 1,387 1,395 1,321 1,450 1,490
Interest Bearing Deposits
4,149 3,769 4,049 4,957 4,795 4,722 4,702 4,736 4,869 4,839 6,058
Short-Term Debt
226 229 209 215 211 206 204 220 194 201 209
Accrued Interest Payable
3.01 4.73 4.34 6.73 6.32 5.42 6.49 6.63 6.72 7.89 6.60
Other Short-Term Payables
- - - - - - - - - - 11
Long-Term Debt
290 709 564 496 370 391 350 299 349 349 389
Other Long-Term Liabilities
49 48 46 54 51 49 54 46 46 51 49
Commitments & Contingencies
- - - - - - - - - - 0.00
Total Equity & Noncontrolling Interests
601 662 661 738 798 814 858 871 894 932 1,077
Total Preferred & Common Equity
601 662 661 738 798 814 858 871 894 932 1,077
Total Common Equity
601 661 661 738 798 814 858 871 894 932 1,077
Common Stock
513 515 515 609 612 612 613 617 617 617 726
Retained Earnings
273 304 316 326 354 368 382 412 429 446 484
Treasury Stock
-20 -20 -20 -20 -21 -21 -21 -22 -23 -23 -25
Accumulated Other Comprehensive Income / (Loss)
-168 -138 -152 -179 -148 -147 -117 -135 -131 -110 -109
Other Equity Adjustments
1.52 - 1.50 2.07 0.83 1.38 2.15 0.51 1.03 1.81 -0.21

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Growth Metrics
- - - - - - - - - - -
Profitability Metrics
- - - - - - - - - - -
Valuation Ratios
- - - - - - - - - - -
Leverage & Solvency
- - - - - - - - - - -
Liquidity Ratios
- - - - - - - - - - -
Cash Flow Metrics
- - - - - - - - - - -
Efficiency Ratios
- - - - - - - - - - -
Capital & Investment Metrics
- - - - - - - - - - -
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
$1.84 $2.07 $2.13 $2.53 $2.88 $2.71 $2.88 $3.62 $3.17 $3.31 $3.84
Adjusted Weighted Average Basic Shares Outstanding
8.46M 12.48M 12.67M 16.67M 16.70M 18.04M 20.44M 20.50M 23.89M 23.98M 24.08M
Adjusted Diluted Earnings per Share
$1.81 $2.05 $2.13 $2.52 $2.87 $2.70 $2.87 $3.60 $3.15 $3.30 $3.83
Adjusted Weighted Average Diluted Shares Outstanding
8.46M 12.48M 12.67M 16.67M 16.70M 18.04M 20.44M 20.50M 23.89M 23.98M 24.08M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $2.88 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
8.46M 12.48M 12.67M 16.67M 16.70M 18.04M 20.44M 20.50M 23.89M 23.98M 24.08M
Debt Service Ratios
- - - - - - - - - - -
Payout Ratios
- - - - - - - - - - -

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 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding
- - - - - - - - - - 24,082,479.00
DEI Adjusted Shares Outstanding
- - - - - - - - - - 24,082,479.00
DEI Earnings Per Adjusted Shares Outstanding
- - - - - - - - - - 1.09
Growth Metrics
- - - - - - - - - - -
Revenue Growth
12.99% 23.96% 21.74% 28.02% 9.62% 7.68% 5.41% 10.44% 10.81% - 15.37%
EBITDA Growth
-13.28% -2.47% 13.69% 28.25% 29.91% 14.80% 2.68% 10.31% 10.17% - 18.45%
EBIT Growth
-12.28% -8.64% 8.16% 25.10% 23.81% 17.18% 4.48% 12.78% 13.43% - 20.44%
NOPAT Growth
-15.73% -12.44% 6.90% 19.18% 28.87% 6.07% 8.14% 18.70% 15.30% - 18.75%
Net Income Growth
-15.73% -12.44% 6.90% 19.18% 28.87% 6.07% 8.14% 18.70% 15.30% - 18.75%
EPS Growth
-22.73% -26.00% -7.53% 2.50% 19.12% 9.46% 8.14% 19.51% 16.05% - 13.98%
Operating Cash Flow Growth
-84.15% 149.46% 43.06% 34.27% 512.29% 32.67% 64.84% -67.68% -0.27% - -47.63%
Free Cash Flow Firm Growth
-232.63% 112.04% 149.66% 137.15% 117.31% -68.25% -95.45% -107.15% -184.10% - -2,454.77%
Invested Capital Growth
29.74% -2.23% -13.83% -1.63% -2.44% 0.23% 0.81% 1.88% 4.85% - 20.51%
Revenue Q/Q Growth
18.82% 7.80% 0.91% -0.95% 1.74% 5.89% -1.22% 3.78% 2.08% - 10.21%
EBITDA Q/Q Growth
-4.62% 12.69% 21.42% -1.73% -3.39% -0.42% 8.60% 5.58% -3.51% - 12.45%
EBIT Q/Q Growth
-4.05% 5.68% 24.43% -0.85% -5.04% 0.02% 10.94% 7.03% -4.49% - 13.01%
NOPAT Q/Q Growth
-8.75% 19.54% 13.46% -3.70% -1.33% -1.61% 15.67% 5.71% -4.16% - 11.19%
Net Income Q/Q Growth
-8.75% 19.54% 13.46% -3.70% -1.33% -1.61% 15.67% 5.71% -4.16% - 11.19%
EPS Q/Q Growth
-15.00% 8.82% 16.22% -4.65% -1.22% 0.00% 14.81% 5.38% -4.08% - 8.16%
Operating Cash Flow Q/Q Growth
-69.69% 433.14% 0.69% -17.47% 38.21% 15.52% 25.11% -83.82% 326.49% - -40.58%
Free Cash Flow Firm Q/Q Growth
-172.96% 115.81% 382.30% -82.15% 27.21% -71.00% -30.93% -128.07% -1,396.04% - -217.81%
Invested Capital Q/Q Growth
1.02% -3.25% -1.65% 2.33% 0.19% -0.59% -1.08% 3.42% 3.11% - 10.91%
Profitability Metrics
- - - - - - - - - - -
EBITDA Margin
32.10% 33.56% 40.38% 40.06% 38.04% 35.78% 39.33% 40.01% 37.82% - 40.38%
EBIT Margin
27.88% 27.33% 33.70% 33.73% 31.49% 29.74% 33.40% 34.45% 32.23% - 34.87%
Profit (Net Income) Margin
20.57% 22.81% 25.65% 24.93% 24.18% 22.47% 26.31% 26.80% 25.16% - 27.08%
Tax Burden Percent
73.78% 83.46% 76.10% 73.92% 76.80% 75.54% 78.76% 77.80% 78.07% - 77.65%
Interest Burden Percent
100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% - 100.00%
Effective Tax Rate
26.22% 16.54% 23.90% 26.08% 23.20% 24.46% 21.24% 22.20% 21.93% - 22.35%
Return on Invested Capital (ROIC)
4.25% 4.51% 5.07% 5.47% 5.39% 5.20% 6.26% 6.35% 6.02% - 6.40%
ROIC Less NNEP Spread (ROIC-NNEP)
4.25% 4.51% 5.07% 5.47% 5.39% 5.20% 6.26% 6.35% 6.02% - 6.40%
Return on Net Nonoperating Assets (RNNOA)
3.89% 4.45% 5.28% 5.08% 4.27% 3.70% 4.12% 4.24% 3.71% - 3.67%
Return on Equity (ROE)
8.14% 8.96% 10.35% 10.55% 9.66% 8.91% 10.38% 10.60% 9.73% - 10.07%
Cash Return on Invested Capital (CROIC)
-20.31% 7.12% 19.57% 6.81% 7.91% 5.39% 5.01% 4.06% 1.29% - -12.35%
Operating Return on Assets (OROA)
1.02% 1.07% 1.38% 1.47% 1.30% 1.28% 1.44% 1.52% 1.45% - 1.50%
Return on Assets (ROA)
0.75% 0.89% 1.05% 1.09% 1.00% 0.97% 1.14% 1.19% 1.13% - 1.16%
Return on Common Equity (ROCE)
8.14% 8.96% 10.34% 10.55% 9.66% 8.91% 10.38% 10.60% 9.73% - 10.07%
Return on Equity Simple (ROE_SIMPLE)
9.69% 0.00% 8.80% 9.03% 9.06% 0.00% 9.25% 9.42% 9.36% - 8.91%
Net Operating Profit after Tax (NOPAT)
15 18 21 20 19 19 22 23 22 - 26
NOPAT Margin
20.57% 22.81% 25.65% 24.93% 24.18% 22.47% 26.31% 26.80% 25.16% - 27.08%
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%
SG&A Expenses to Revenue
45.06% 48.69% 48.62% 48.60% 50.21% 47.06% 48.75% 48.33% 48.98% - 46.97%
Operating Expenses to Revenue
64.08% 71.97% 66.75% 64.90% 66.94% 65.99% 64.64% 62.62% 64.01% - 62.46%
Earnings before Interest and Taxes (EBIT)
20 22 27 27 25 25 28 30 29 - 34
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
24 27 32 32 31 31 33 35 34 - 39
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
0.72 1.01 0.97 0.96 1.08 1.03 0.96 1.01 0.98 - 0.92
Price to Tangible Book Value (P/TBV)
1.13 1.51 1.43 1.40 1.57 1.50 1.37 1.41 1.34 - 1.24
Price to Revenue (P/Rev)
2.00 2.85 2.62 2.50 2.92 2.69 2.54 2.66 2.62 - 2.74
Price to Earnings (P/E)
7.42 11.60 10.96 10.63 11.96 11.09 10.39 10.67 10.42 - 10.34
Dividend Yield
3.56% 2.74% 2.85% 2.82% 2.39% 2.57% 2.72% 2.56% 2.56% - 2.40%
Earnings Yield
13.48% 8.62% 9.12% 9.41% 8.36% 9.02% 9.63% 9.37% 9.60% - 9.67%
Enterprise Value to Invested Capital (EV/IC)
0.59 0.90 0.72 0.81 0.93 0.93 0.83 0.87 0.80 - 0.66
Enterprise Value to Revenue (EV/Rev)
3.23 4.51 3.37 3.65 4.13 4.03 3.50 3.70 3.41 - 3.06
Enterprise Value to EBITDA (EV/EBITDA)
8.23 12.23 9.25 9.97 10.86 10.45 9.14 9.67 8.91 - 7.77
Enterprise Value to EBIT (EV/EBIT)
9.46 14.29 10.96 11.88 13.08 12.53 10.91 11.47 10.50 - 9.04
Enterprise Value to NOPAT (EV/NOPAT)
11.97 18.33 14.11 15.50 16.93 16.59 14.29 14.84 13.53 - 11.57
Enterprise Value to Operating Cash Flow (EV/OCF)
15.52 17.45 12.21 13.04 11.45 10.52 8.04 9.84 9.30 - 10.27
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 12.51 3.40 11.76 11.64 17.30 16.60 21.65 63.33 - 0.00
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
0.96 0.77 0.73 0.73 0.65 0.66 0.60 0.61 0.59 - 0.56
Long-Term Debt to Equity
0.67 0.50 0.46 0.48 0.41 0.42 0.34 0.39 0.37 - 0.36
Financial Leverage
0.92 0.99 1.04 0.93 0.79 0.71 0.66 0.67 0.62 - 0.57
Leverage Ratio
10.84 10.05 9.84 9.69 9.66 9.21 9.14 8.94 8.60 - 8.66
Compound Leverage Factor
10.84 10.05 9.84 9.69 9.66 9.21 9.14 8.94 8.60 - 8.66
Debt to Total Capital
49.06% 43.40% 42.11% 42.32% 39.25% 39.75% 37.32% 37.78% 37.09% - 35.71%
Short-Term Debt to Total Capital
14.84% 15.25% 15.29% 14.60% 14.46% 14.53% 15.82% 13.50% 13.53% - 12.47%
Long-Term Debt to Total Capital
34.21% 28.16% 26.82% 27.72% 24.79% 25.22% 21.51% 24.28% 23.56% - 23.24%
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%
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%
Common Equity to Total Capital
50.94% 56.60% 57.89% 57.68% 60.75% 60.25% 62.68% 62.22% 62.91% - 64.29%
Debt to EBITDA
6.83 5.89 5.41 5.23 4.57 4.46 4.12 4.20 4.15 - 4.18
Net Debt to EBITDA
3.13 4.49 2.06 3.13 3.19 3.46 2.50 2.71 2.05 - 0.83
Long-Term Debt to EBITDA
4.77 3.82 3.45 3.42 2.89 2.83 2.37 2.70 2.64 - 2.72
Debt to NOPAT
9.94 8.82 8.26 8.13 7.13 7.08 6.44 6.44 6.30 - 6.24
Net Debt to NOPAT
4.55 6.73 3.15 4.87 4.97 5.50 3.91 4.16 3.11 - 1.23
Long-Term Debt to NOPAT
6.93 5.72 5.26 5.32 4.50 4.49 3.71 4.14 4.00 - 4.06
Noncontrolling Interest Sharing Ratio
0.00% 0.00% 0.07% 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)
-317 50 242 43 55 16 11 -3.08 -46 - -259
Operating Cash Flow to CapEx
486.16% 4,667.96% 1,962.70% 2,149.96% 2,990.16% 3,081.64% 0.00% 495.02% 0.00% - 1,292.63%
Free Cash Flow to Firm to Interest Expense
-10.57 1.54 7.50 1.35 1.63 0.52 0.39 -0.10 -1.55 - -8.67
Operating Cash Flow to Interest Expense
0.18 0.89 0.90 0.75 0.98 1.24 1.70 0.26 1.11 - 0.84
Operating Cash Flow Less CapEx to Interest Expense
0.14 0.87 0.86 0.72 0.95 1.20 1.76 0.21 1.21 - 0.78
Efficiency Ratios
- - - - - - - - - - -
Asset Turnover
0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.05 - 0.04
Fixed Asset Turnover
2.75 2.92 3.07 3.26 3.13 3.22 3.31 3.39 3.53 - 3.63
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
1,449 1,402 1,378 1,411 1,413 1,405 1,390 1,437 1,482 - 1,675
Invested Capital Turnover
0.21 0.20 0.20 0.22 0.22 0.23 0.24 0.24 0.24 - 0.24
Increase / (Decrease) in Invested Capital
332 -32 -221 -23 -35 3.26 11 27 69 - 285
Enterprise Value (EV)
856 1,263 991 1,138 1,317 1,309 1,152 1,250 1,180 - 1,110
Market Capitalization
530 800 770 781 930 875 837 899 909 - 992
Book Value per Share
$35.93 $33.27 $33.40 $34.05 $35.91 $35.40 $36.32 $37.27 $38.85 - $44.71
Tangible Book Value per Share
$22.89 $22.19 $22.49 $23.28 $24.82 $24.44 $25.53 $26.62 $28.21 - $33.19
Total Capital
1,449 1,402 1,378 1,411 1,413 1,405 1,390 1,437 1,482 - 1,675
Total Debt
711 608 580 597 555 558 519 543 550 - 598
Total Long-Term Debt
496 395 370 391 350 354 299 349 349 - 389
Net Debt
325 464 221 358 387 434 315 351 271 - 118
Capital Expenditures (CapEx)
1.11 0.62 1.48 1.12 1.11 1.24 -1.57 1.57 -3.05 - 1.94
Net Nonoperating Expense (NNE)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Net Nonoperating Obligations (NNO)
711 608 580 597 555 558 519 543 550 - 598
Total Depreciation and Amortization (D&A)
3.10 4.93 5.34 5.01 5.28 5.15 5.00 4.87 4.99 - 5.36
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
$0.68 $0.74 $0.86 $0.83 $0.81 $0.81 $0.93 $0.98 $0.94 $0.99 $1.06
Adjusted Weighted Average Basic Shares Outstanding
23.84M 23.89M 23.90M 23.91M 23.91M 23.98M 23.99M 24.00M 24.00M 24.08M 26.62M
Adjusted Diluted Earnings per Share
$0.68 $0.74 $0.86 $0.82 $0.81 $0.81 $0.93 $0.98 $0.94 $0.98 $1.06
Adjusted Weighted Average Diluted Shares Outstanding
23.84M 23.89M 23.90M 23.91M 23.91M 23.98M 23.99M 24.00M 24.00M 24.08M 26.62M
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
23.84M 23.89M 23.90M 23.91M 23.91M 23.98M 23.99M 24.00M 24.00M 24.08M 26.62M
Normalized Net Operating Profit after Tax (NOPAT)
15 18 21 20 19 19 22 23 22 - 26
Normalized NOPAT Margin
20.57% 22.81% 25.65% 24.93% 24.18% 22.47% 26.31% 26.80% 25.16% - 27.08%
Pre Tax Income Margin
27.88% 27.33% 33.70% 33.73% 31.49% 29.74% 33.40% 34.45% 32.23% - 34.87%
Debt Service Ratios
- - - - - - - - - - -
EBIT to Interest Expense
0.68 0.67 0.84 0.84 0.75 0.82 1.00 1.02 0.97 - 1.14
NOPAT to Interest Expense
0.50 0.56 0.64 0.62 0.58 0.62 0.79 0.79 0.75 - 0.88
EBIT Less CapEx to Interest Expense
0.65 0.65 0.79 0.80 0.72 0.78 1.06 0.97 1.07 - 1.07
NOPAT Less CapEx to Interest Expense
0.47 0.54 0.59 0.58 0.55 0.58 0.84 0.74 0.86 - 0.82
Payout Ratios
- - - - - - - - - - -
Dividend Payout Ratio
26.27% 28.37% 28.94% 28.74% 28.43% 28.35% 28.09% 27.16% 26.52% - 24.66%
Augmented Payout Ratio
26.74% 29.04% 29.59% 29.37% 29.02% 29.19% 28.09% 27.16% 26.52% - 25.94%

Financials Breakdown Chart

Key Financial Trends

Here’s a concise, data-driven read on First Mid Bancshares (NASDAQ:FMBH) using the last four years of quarterly results provided. The focus is on trends that matter most to retail investors: profitability, balance sheet strength, liquidity, and credit quality.

  • Strong and rising net interest income in 2025: Net Interest Income climbed to about $66.5 million in Q4 2025, up from roughly $59.4 million in Q1 2025, driven by higher loan yields and solid deposit growth. This underpins ongoing improvement in core profitability.
  • Earnings per share and net income trending higher in 2025: EPS moved toward the $1.00 mark (Q4 2025 Basic EPS 0.99, Diluted 0.98) with Consolidated Net Income attributable to common shareholders at about $23.68 million in Q4 2025, up from earlier quarters in 2025.
  • Deposit growth supports liquidity and funding: Net Change in Deposits was consistently positive in 2025 (Q4 2025 +$105.7M, Q3 2025 +$99.3M, Q2 2025 +$59.8M, Q1 2025 +$73.3M), reinforcing liquidity and funding stability.
  • Solid balance sheet growth and capitalization: Total assets rose through 2025 (around $7.57B in Q1 2025 to about $7.83B in Q3 2025) and Total Equity rose to roughly $932M by Q3 2025, signaling stronger capital buffers and growing book value per share.
  • Healthy operating cash flow generation: Cash flow from continuing operations remained robust in 2025 (Q4 2025 net cash from continuing operating activities about $42.2M; Q3 2025 around $33.0M; Q1 2025 around $47.9M), supporting liquidity for debt repayment, shareholder returns, and lending activity.
  • Liquidity-focused investment position: The bank holds a sizable trading account securities portfolio (roughly $1.08B–$1.10B in 2025), providing liquidity and potential gains, with activity paced alongside loan and deposit growth.
  • Credit-quality indicators remain moderate and manageable: Provision for Credit Losses in 2025 stayed modest (range roughly $1.6M–$3.3M per quarter) while Allowance for Loan Losses stayed in the $72M–$74M range, indicating coverage and stable credit quality.
  • Stability in earnings trajectory per share: Weighted-average shares and cash dividends per share have remained at accessible levels, with per-share earnings sustaining near the $1.00 mark in 2025, supporting ongoing value for shareholders.
  • Q4 2025 net cash from continuing investing activities was notably negative: Net cash from continuing investing activities in Q4 2025 was about -$163.3 million, reflecting ongoing investment activity and asset reallocation that could press near-term liquidity if not offset by cash flows elsewhere.
  • One-quarter cash flow compression despite solid net income: Net Change in Cash & Equivalents for Q4 2025 was negative (-$22.2 million) while net income remained positive, suggesting working-capital or investing cash outflows outpaced operating cash this quarter.

Notes on the data range and scope used for this summary:

  • Revenue and profitability: 2025 quarterly results show net interest income strength and rising EPS, with Total Revenue hovering in the mid-80s to low-90s million range and Q4 2025 revenue of about $88.2 million vs. $89.3 million in Q3 2025.
  • Asset and equity growth: Total assets expanded to roughly $7.8B by mid-2025, with Total Common Equity near $870–932M across 2024–2025, reflecting ongoing capitalization gains.
05/25/26 04:52 PM ETAI Generated. May Contain Errors.

First Mid Bancshares Financials - Frequently Asked Questions

According to the most recent income statement we have on file, First Mid Bancshares' financial year ends in December. Their financial year 2025 ended on December 31, 2025.

First Mid Bancshares' net income appears to be on an upward trend, with a most recent value of $91.75 million in 2025, rising from $16.51 million in 2015. The previous period was $78.90 million in 2024. View First Mid Bancshares' forecast to see where analysts expect First Mid Bancshares to go next.

Over the last 10 years, First Mid Bancshares' total revenue changed from $76.30 million in 2015 to $349.22 million in 2025, a change of 357.7%.

First Mid Bancshares' total liabilities were at $7.01 billion at the end of 2025, a 5.0% increase from 2024, and a 267.0% increase since 2015.

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 $57.22 million as of their latest financial filing in 2025.



Financial statements for NASDAQ:FMBH last updated on 5/12/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
From Our Partners