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FIRST MID BANCSHARES INC (FMBH) Stock Fundamental Analysis

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

39.01  -0.7 (-1.76%)

After market: 39.01 0 (0%)

Fundamental Rating

4

FMBH gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 397 industry peers in the Banks industry. FMBH may be in some trouble as it scores bad on both profitability and health. FMBH is not valued too expensively and it also shows a decent growth rate.


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

Looking at the Return On Assets, with a value of 1.06%, FMBH is in the better half of the industry, outperforming 70.28% of the companies in the same industry.
FMBH has a Return On Equity (9.25%) which is in line with 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 54.91% of the companies in the same industry.
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) 24.46%
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.
The number of shares outstanding for FMBH has been increased compared to 1 year ago.
The number of shares outstanding for FMBH has been increased compared to 5 years ago.
FMBH has a better debt/assets ratio than last year.
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 2.35, which is a good value as it means it would take FMBH, 2.35 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 2.35, FMBH is in line with its industry, outperforming 43.07% of the companies in the same industry.
A Debt/Equity ratio of 0.37 indicates that FMBH is not too dependend on debt financing.
The Debt to Equity ratio of FMBH (0.37) is worse than 74.06% of its industry peers.
Even though the debt/equity ratio score it not favorable for FMBH, it has very limited outstanding debt, so we won't put too much weight on the DE evaluation.
Industry RankSector Rank
Debt/Equity 0.37
Debt/FCF 2.35
Altman-Z N/A
ROIC/WACCN/A
WACC12.36%
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

The Earnings Per Share has grown by an nice 17.29% over the past year.
Measured over the past 5 years, FMBH shows a small growth in Earnings Per Share. The EPS has been growing by 3.13% on average per year.
Looking at the last year, FMBH shows a quite strong growth in Revenue. The Revenue has grown by 11.82% in the last year.
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

FMBH is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 9.15% yearly.
FMBH is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.02% yearly.
EPS Next Y13.5%
EPS Next 2Y9.15%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year8.06%
Revenue Next 2Y6.02%
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

A Price/Earnings ratio of 11.27 indicates a reasonable valuation of FMBH.
70.78% of the companies in the same industry are more expensive than FMBH, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of FMBH to the average of the S&P500 Index (27.29), we can say FMBH is valued rather cheaply.
With a Price/Forward Earnings ratio of 9.75, the valuation of FMBH can be described as very reasonable.
FMBH's Price/Forward Earnings is on the same level as the industry average.
When comparing the Price/Forward Earnings ratio of FMBH to the average of the S&P500 Index (21.74), we can say FMBH is valued rather cheaply.
Industry RankSector Rank
PE 11.27
Fwd PE 9.75
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 86.65% of the companies in the same industry.
Industry RankSector Rank
P/FCF 6.79
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)0.84
PEG (5Y)3.6
EPS Next 2Y9.15%
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 3.30.
FMBH's Dividend Yield is comparable with the S&P500 average which is at 2.37.
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 paid a dividend for at least 10 years, which is 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

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 2Y9.15%
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 (7/7/2025, 8:21:48 PM)

After market: 39.01 0 (0%)

39.01

-0.7 (-1.76%)

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 Cap935.85M
Analysts78.46
Price Target42.99 (10.2%)
Short Float %1.04%
Short Ratio3.17
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)3.57%
EPS NY rev (1m)0.15%
EPS NY rev (3m)3.55%
Revenue NQ rev (1m)-0.21%
Revenue NQ rev (3m)4.29%
Revenue NY rev (1m)0%
Revenue NY rev (3m)3.76%
Valuation
Industry RankSector Rank
PE 11.27
Fwd PE 9.75
P/S 2.84
P/FCF 6.79
P/OCF 6.53
P/B 1.07
P/tB 1.53
EV/EBITDA N/A
EPS(TTM)3.46
EY8.87%
EPS(NY)4
Fwd EY10.26%
FCF(TTM)5.75
FCFY14.73%
OCF(TTM)5.97
OCFY15.31%
SpS13.73
BVpS36.3
TBVpS25.52
PEG (NY)0.84
PEG (5Y)3.6
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
WACC12.36%
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 Y13.5%
EPS Next 2Y9.15%
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 Year8.06%
Revenue Next 2Y6.02%
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%