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FIRST MID BANCSHARES INC (FMBH) Stock Fundamental Analysis

USA - NASDAQ:FMBH - US3208661062 - Common Stock

40.42 USD
-0.02 (-0.05%)
Last: 9/19/2025, 10:34:59 AM
Fundamental Rating

4

Taking everything into account, FMBH scores 4 out of 10 in our fundamental rating. FMBH was compared to 392 industry peers in the Banks industry. FMBH has a bad profitability rating. Also its financial health evaluation is rather negative. FMBH has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

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3

1. Profitability

1.1 Basic Checks

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

1.2 Ratios

The Return On Assets of FMBH (1.10%) is better than 73.47% of its industry peers.
FMBH's Return On Equity of 9.42% is in line compared to the rest of the industry. FMBH outperforms 59.44% of its industry peers.
Industry RankSector Rank
ROA 1.1%
ROE 9.42%
ROIC N/A
ROA(3y)1.01%
ROA(5y)0.97%
ROE(3y)9.85%
ROE(5y)9.13%
ROIC(3y)N/A
ROIC(5y)N/A
FMBH Yearly ROA, ROE, ROICFMBH Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2 4 6 8 10

1.3 Margins

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

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2

2. Health

2.1 Basic Checks

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

2.2 Solvency

The Debt to FCF ratio of FMBH is 2.46, which is a good value as it means it would take FMBH, 2.46 years of fcf income to pay off all of its debts.
FMBH has a Debt to FCF ratio of 2.46. This is comparable to the rest of the industry: FMBH outperforms 44.64% of its industry peers.
A Debt/Equity ratio of 0.33 indicates that FMBH is not too dependend on debt financing.
With a Debt to Equity ratio value of 0.33, FMBH is not doing good in the industry: 70.41% of the companies in the same industry are doing better.
Although FMBH does not score too well on debt/equity it has very limited outstanding debt, which is well covered by the FCF. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
Industry RankSector Rank
Debt/Equity 0.33
Debt/FCF 2.46
Altman-Z N/A
ROIC/WACCN/A
WACC12.22%
FMBH Yearly LT Debt VS Equity VS FCFFMBH Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M

2.3 Liquidity

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

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6

3. Growth

3.1 Past

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

3.2 Future

Based on estimates for the next years, FMBH will show a quite strong growth in Earnings Per Share. The EPS will grow by 11.12% on average per year.
The Revenue is expected to grow by 7.39% on average over the next years.
EPS Next Y16.41%
EPS Next 2Y11.12%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year10.68%
Revenue Next 2Y7.39%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

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

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6

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 11.13, the valuation of FMBH can be described as reasonable.
71.68% of the companies in the same industry are more expensive than FMBH, based on the Price/Earnings ratio.
FMBH is valuated cheaply when we compare the Price/Earnings ratio to 27.41, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 9.74 indicates a reasonable valuation of FMBH.
Based on the Price/Forward Earnings ratio, FMBH is valued a bit cheaper than 63.52% of the companies in the same industry.
FMBH is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.88, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 11.13
Fwd PE 9.74
FMBH Price Earnings VS Forward Price EarningsFMBH Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Based on the Price/Free Cash Flow ratio, FMBH is valued cheaper than 83.93% of the companies in the same industry.
Industry RankSector Rank
P/FCF 8.02
EV/EBITDA N/A
FMBH Per share dataFMBH EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

4.3 Compensation for Growth

The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)0.68
PEG (5Y)3.56
EPS Next 2Y11.12%
EPS Next 3YN/A

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6

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 2.49%, FMBH has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 3.73, FMBH has a dividend in line with its industry peers.
FMBH's Dividend Yield is comparable with the S&P500 average which is at 2.38.
Industry RankSector Rank
Dividend Yield 2.49%

5.2 History

The dividend of FMBH has a limited annual growth rate of 5.65%.
FMBH has been paying a dividend for at least 10 years, so it has a reliable track record.
As FMBH did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
Dividend Growth(5Y)5.65%
Div Incr Years6
Div Non Decr Years6
FMBH Yearly Dividends per shareFMBH Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6 0.8

5.3 Sustainability

27.16% of the earnings are spent on dividend by FMBH. This is a low number and sustainable payout ratio.
FMBH's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP27.16%
EPS Next 2Y11.12%
EPS Next 3YN/A
FMBH Yearly Income VS Free CF VS DividendFMBH Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M
FMBH Dividend Payout.FMBH Dividend Payout, showing the Payout Ratio.FMBH Dividend Payout.PayoutRetained Earnings

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FIRST MID BANCSHARES INC

NASDAQ:FMBH (9/19/2025, 10:34:59 AM)

40.42

-0.02 (-0.05%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)07-24 2025-07-24/bmo
Earnings (Next)10-29 2025-10-29/bmo
Inst Owners46.75%
Inst Owner Change-1.48%
Ins Owners5.07%
Ins Owner Change-0.06%
Market Cap970.08M
Analysts78.46
Price Target46.34 (14.65%)
Short Float %0.65%
Short Ratio2.25
Dividend
Industry RankSector Rank
Dividend Yield 2.49%
Yearly Dividend0.94
Dividend Growth(5Y)5.65%
DP27.16%
Div Incr Years6
Div Non Decr Years6
Ex-Date08-15 2025-08-15 (0.25)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)3.32%
Min EPS beat(2)0.61%
Max EPS beat(2)6.03%
EPS beat(4)3
Avg EPS beat(4)1.13%
Min EPS beat(4)-5.43%
Max EPS beat(4)6.03%
EPS beat(8)4
Avg EPS beat(8)-3.52%
EPS beat(12)7
Avg EPS beat(12)-1.48%
EPS beat(16)10
Avg EPS beat(16)0.24%
Revenue beat(2)1
Avg Revenue beat(2)0.78%
Min Revenue beat(2)-0.18%
Max Revenue beat(2)1.74%
Revenue beat(4)1
Avg Revenue beat(4)-1.01%
Min Revenue beat(4)-3.38%
Max Revenue beat(4)1.74%
Revenue beat(8)3
Avg Revenue beat(8)-0.46%
Revenue beat(12)5
Avg Revenue beat(12)3.26%
Revenue beat(16)9
Avg Revenue beat(16)11.65%
PT rev (1m)0%
PT rev (3m)7.8%
EPS NQ rev (1m)2.12%
EPS NQ rev (3m)4.94%
EPS NY rev (1m)2.35%
EPS NY rev (3m)2.72%
Revenue NQ rev (1m)1.26%
Revenue NQ rev (3m)3.43%
Revenue NY rev (1m)-2.62%
Revenue NY rev (3m)2.42%
Valuation
Industry RankSector Rank
PE 11.13
Fwd PE 9.74
P/S 2.87
P/FCF 8.02
P/OCF 7.64
P/B 1.08
P/tB 1.52
EV/EBITDA N/A
EPS(TTM)3.63
EY8.98%
EPS(NY)4.15
Fwd EY10.26%
FCF(TTM)5.04
FCFY12.47%
OCF(TTM)5.29
OCFY13.1%
SpS14.07
BVpS37.26
TBVpS26.61
PEG (NY)0.68
PEG (5Y)3.56
Profitability
Industry RankSector Rank
ROA 1.1%
ROE 9.42%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 24.96%
GM N/A
FCFM 35.83%
ROA(3y)1.01%
ROA(5y)0.97%
ROE(3y)9.85%
ROE(5y)9.13%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y3.85%
PM growth 5Y-1.64%
GM growth 3YN/A
GM growth 5YN/A
F-Score8
Asset Turnover0.04
Health
Industry RankSector Rank
Debt/Equity 0.33
Debt/FCF 2.46
Debt/EBITDA N/A
Cap/Depr 29.88%
Cap/Sales 1.8%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 143.57%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score8
WACC12.22%
ROIC/WACCN/A
Cap/Depr(3y)27.18%
Cap/Depr(5y)25.63%
Cap/Sales(3y)1.59%
Cap/Sales(5y)1.53%
Profit Quality(3y)111.5%
Profit Quality(5y)119.46%
High Growth Momentum
Growth
EPS 1Y (TTM)22.22%
EPS 3Y-1.26%
EPS 5Y3.13%
EPS Q2Q%20.73%
EPS Next Y16.41%
EPS Next 2Y11.12%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)8.26%
Revenue growth 3Y11.01%
Revenue growth 5Y12.33%
Sales Q2Q%12.5%
Revenue Next Year10.68%
Revenue Next 2Y7.39%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1YN/A
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y51.79%
FCF growth 3Y21.94%
FCF growth 5Y15.26%
OCF growth 1Y51.47%
OCF growth 3Y21.37%
OCF growth 5Y14.64%