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FIRST MID BANCSHARES INC (FMBH) Stock Fundamental Analysis

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

38.88  -0.2 (-0.51%)

After market: 38.88 0 (0%)

Fundamental Rating

4

FMBH gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 394 industry peers in the Banks industry. FMBH may be in some trouble as it scores bad on both profitability and health. FMBH has a decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

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3

1. Profitability

1.1 Basic Checks

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

1.2 Ratios

FMBH's Return On Assets of 1.06% is fine compared to the rest of the industry. FMBH outperforms 70.30% of its industry peers.
FMBH's Return On Equity of 9.25% is in line compared to the rest of the industry. FMBH outperforms 58.12% of its industry peers.
Industry RankSector Rank
ROA 1.06%
ROE 9.25%
ROIC N/A
ROA(3y)1.01%
ROA(5y)0.97%
ROE(3y)9.85%
ROE(5y)9.13%
ROIC(3y)N/A
ROIC(5y)N/A
FMBH Yearly ROA, ROE, ROICFMBH Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2 4 6 8 10

1.3 Margins

With a Profit Margin value of 24.46%, FMBH perfoms like the industry average, outperforming 54.82% of the companies in the same industry.
In the last couple of years the Profit Margin of FMBH has declined.
The Operating Margin and Gross Margin are not available for FMBH so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) 24.46%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y3.85%
PM growth 5Y-1.64%
GM growth 3YN/A
GM growth 5YN/A
FMBH Yearly Profit, Operating, Gross MarginsFMBH Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15 20 25

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2

2. Health

2.1 Basic Checks

FMBH does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, FMBH has more shares outstanding
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

FMBH has a debt to FCF ratio of 2.35. This is a good value and a sign of high solvency as FMBH would need 2.35 years to pay back of all of its debts.
The Debt to FCF ratio of FMBH (2.35) is comparable to the rest of the industry.
FMBH has a Debt/Equity ratio of 0.37. This is a healthy value indicating a solid balance between debt and equity.
FMBH has a worse Debt to Equity ratio (0.37) than 74.11% of its industry peers.
Although FMBH does not score too well on debt/equity it has very limited outstanding debt, which is well covered by the FCF. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
Industry RankSector Rank
Debt/Equity 0.37
Debt/FCF 2.35
Altman-Z N/A
ROIC/WACCN/A
WACC12.46%
FMBH Yearly LT Debt VS Equity VS FCFFMBH Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M

2.3 Liquidity

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

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5

3. Growth

3.1 Past

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

3.2 Future

The Earnings Per Share is expected to grow by 8.92% on average over the next years. This is quite good.
The Revenue is expected to grow by 5.92% on average over the next years.
EPS Next Y13.74%
EPS Next 2Y8.92%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year8.02%
Revenue Next 2Y5.92%
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
FMBH Yearly Revenue VS EstimatesFMBH Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 100M 200M 300M
FMBH Yearly EPS VS EstimatesFMBH Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3

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6

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 11.24 indicates a reasonable valuation of FMBH.
70.30% of the companies in the same industry are more expensive than FMBH, based on the Price/Earnings ratio.
FMBH's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.50.
A Price/Forward Earnings ratio of 9.75 indicates a reasonable valuation of FMBH.
FMBH's Price/Forward Earnings ratio is in line with the industry average.
The average S&P500 Price/Forward Earnings ratio is at 36.44. FMBH is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 11.24
Fwd PE 9.75
FMBH Price Earnings VS Forward Price EarningsFMBH Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

FMBH's Price/Free Cash Flow ratio is rather cheap when compared to the industry. FMBH is cheaper than 86.55% of the companies in the same industry.
Industry RankSector Rank
P/FCF 6.77
EV/EBITDA N/A
FMBH Per share dataFMBH EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

4.3 Compensation for Growth

The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)0.82
PEG (5Y)3.59
EPS Next 2Y8.92%
EPS Next 3YN/A

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5

5. Dividend

5.1 Amount

FMBH has a Yearly Dividend Yield of 2.42%.
FMBH's Dividend Yield is slightly below the industry average, which is at 3.31.
Compared to an average S&P500 Dividend Yield of 2.35, FMBH has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 2.42%

5.2 History

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

5.3 Sustainability

FMBH pays out 28.09% of its income as dividend. This is a sustainable payout ratio.
FMBH's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP28.09%
EPS Next 2Y8.92%
EPS Next 3YN/A
FMBH Yearly Income VS Free CF VS DividendFMBH Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M
FMBH Dividend Payout.FMBH Dividend Payout, showing the Payout Ratio.FMBH Dividend Payout.PayoutRetained Earnings

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FIRST MID BANCSHARES INC

NASDAQ:FMBH (7/18/2025, 8:00:01 PM)

After market: 38.88 0 (0%)

38.88

-0.2 (-0.51%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)04-30 2025-04-30/amc
Earnings (Next)07-24 2025-07-24/bmo
Inst Owners46.69%
Inst Owner Change0%
Ins Owners5.07%
Ins Owner Change1.94%
Market Cap932.73M
Analysts78.46
Price Target42.99 (10.57%)
Short Float %0.9%
Short Ratio2.83
Dividend
Industry RankSector Rank
Dividend Yield 2.42%
Yearly Dividend0.94
Dividend Growth(5Y)5.65%
DP28.09%
Div Incr Years6
Div Non Decr Years6
Ex-Date05-15 2025-05-15 (0.24)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)1.96%
Min EPS beat(2)0.61%
Max EPS beat(2)3.32%
EPS beat(4)3
Avg EPS beat(4)0.04%
Min EPS beat(4)-5.43%
Max EPS beat(4)3.32%
EPS beat(8)4
Avg EPS beat(8)-3.35%
EPS beat(12)6
Avg EPS beat(12)-2.51%
EPS beat(16)9
Avg EPS beat(16)-0.61%
Revenue beat(2)0
Avg Revenue beat(2)-1.21%
Min Revenue beat(2)-2.23%
Max Revenue beat(2)-0.18%
Revenue beat(4)0
Avg Revenue beat(4)-1.45%
Min Revenue beat(4)-3.38%
Max Revenue beat(4)-0.02%
Revenue beat(8)2
Avg Revenue beat(8)-0.92%
Revenue beat(12)5
Avg Revenue beat(12)6%
Revenue beat(16)9
Avg Revenue beat(16)14.33%
PT rev (1m)0%
PT rev (3m)-4.53%
EPS NQ rev (1m)-0.46%
EPS NQ rev (3m)3.74%
EPS NY rev (1m)0.36%
EPS NY rev (3m)3.77%
Revenue NQ rev (1m)-0.21%
Revenue NQ rev (3m)4.26%
Revenue NY rev (1m)-0.04%
Revenue NY rev (3m)3.69%
Valuation
Industry RankSector Rank
PE 11.24
Fwd PE 9.75
P/S 2.83
P/FCF 6.77
P/OCF 6.51
P/B 1.07
P/tB 1.52
EV/EBITDA N/A
EPS(TTM)3.46
EY8.9%
EPS(NY)3.99
Fwd EY10.25%
FCF(TTM)5.75
FCFY14.78%
OCF(TTM)5.97
OCFY15.36%
SpS13.73
BVpS36.3
TBVpS25.52
PEG (NY)0.82
PEG (5Y)3.59
Profitability
Industry RankSector Rank
ROA 1.06%
ROE 9.25%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 24.46%
GM N/A
FCFM 41.86%
ROA(3y)1.01%
ROA(5y)0.97%
ROE(3y)9.85%
ROE(5y)9.13%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y3.85%
PM growth 5Y-1.64%
GM growth 3YN/A
GM growth 5YN/A
F-Score8
Asset Turnover0.04
Health
Industry RankSector Rank
Debt/Equity 0.37
Debt/FCF 2.35
Debt/EBITDA N/A
Cap/Depr 26.4%
Cap/Sales 1.64%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 171.12%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score8
WACC12.46%
ROIC/WACCN/A
Cap/Depr(3y)27.18%
Cap/Depr(5y)25.63%
Cap/Sales(3y)1.59%
Cap/Sales(5y)1.53%
Profit Quality(3y)111.5%
Profit Quality(5y)119.46%
High Growth Momentum
Growth
EPS 1Y (TTM)17.29%
EPS 3Y-1.26%
EPS 5Y3.13%
EPS Q2Q%11.63%
EPS Next Y13.74%
EPS Next 2Y8.92%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)11.82%
Revenue growth 3Y11.01%
Revenue growth 5Y12.33%
Sales Q2Q%7.1%
Revenue Next Year8.02%
Revenue Next 2Y5.92%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1YN/A
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y145.88%
FCF growth 3Y21.94%
FCF growth 5Y15.26%
OCF growth 1Y131.07%
OCF growth 3Y21.37%
OCF growth 5Y14.64%