NASDAQ : FMBH
First Mid Bancshares, Inc. — Financial statements
Financials · Banks - Regional · United States
Last price 50.4 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 1.34B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 384.64M | 338.69M | 320.45M | 262.42M | 185.87M | 159.68M |
| Interest Income on Investments | 43.48M | 34.30M | 36.93M | 37.74M | 30.02M | 23.33M |
| Total Interest Income | 428.12M | 372.99M | 357.38M | 300.17M | 215.89M | 183.01M |
| Interest Paid on Deposits | 112.73M | 98.33M | 106.92M | 77.29M | 18.81M | 9.04M |
| Interest Paid on Borrowings | 19.04M | 18.50M | 21.73M | 29.41M | 12.80M | 6.22M |
| Total Interest Expense | 131.77M | 116.83M | 128.65M | 106.70M | 31.61M | 15.26M |
| Net Interest Income | 296.35M | 256.17M | 228.73M | 193.46M | 184.28M | 167.75M |
| Trust Income | 28.54M | 22.94M | 22.82M | 20.79M | 22.49M | 20.41M |
| Mortgage Banking Activities | 3.10M | 3.66M | 3.96M | 2.28M | 1.19M | 4.72M |
| Gain (Loss) on Sale of Investments | -280.00K | -2.51M | -433.00K | 3.38M | 33.00K | 124.00K |
| Other Non-Interest Income | 72.80M | 68.96M | 69.94M | 60.33M | 50.97M | 44.52M |
| Total Non-Interest Income | 104.17M | 93.05M | 96.29M | 86.79M | 74.68M | 69.77M |
| Revenues Before Loan Losses | 400.52M | 349.22M | 325.01M | 280.25M | 258.96M | 237.52M |
| Provision for Loan Losses | 6.19M | 9.92M | 5.63M | 6.10M | 4.81M | 15.15M |
| Revenue | 394.33M | 339.30M | 319.38M | 274.14M | 254.15M | 222.37M |
| Salaries and Employee Benefits | 145.92M | 131.97M | 121.77M | 103.31M | 96.79M | 88.36M |
| Occupancy Expenses | 37.71M | 32.25M | 26.55M | 26.95M | 24.26M | 21.55M |
| Federal Deposit Insurance | 3.90M | 3.48M | 3.46M | 3.34M | 1.80M | 1.60M |
| Amortization of Goodwill & Intangibles | 13.86M | 12.44M | 13.56M | 9.13M | 6.29M | 5.39M |
| Selling, General & Administrative | 22.72M | 22.84M | 24.46M | 13.39M | 13.09M | 12.80M |
| Other Non-Interest Expense | 26.96M | 18.73M | 24.77M | 27.77M | 20.30M | 22.02M |
| Total Non-Interest Expense | 252.18M | 222.25M | 214.98M | 185.74M | 162.86M | 155.58M |
| EBT Excluding Unusual Items | 142.15M | 117.05M | 104.40M | 88.41M | 91.29M | 66.79M |
| Pretax Income | 142.15M | 117.05M | 104.40M | 88.41M | 91.29M | 66.79M |
| Income Tax Expense | 31.06M | 25.30M | 25.50M | 19.47M | 18.34M | 15.30M |
| Net Income | 111.09M | 91.75M | 78.90M | 68.94M | 72.95M | 51.49M |
| Net Income to Common | 111.09M | 91.75M | 78.90M | 68.94M | 72.95M | 51.49M |
| Basic Shares Outstanding | 25.40M | 23.87M | 23.80M | 21.78M | 20.17M | 17.89M |
| Diluted Shares Outstanding | 25.53M | 23.99M | 23.90M | 21.87M | 20.24M | 17.94M |
| EPS (Basic) | 4.37 | 3.84 | 3.31 | 3.17 | 3.62 | 2.88 |
| EPS (Diluted) | 4.36 | 3.83 | 3.30 | 3.15 | 3.60 | 2.87 |
| Dividend Per Share | 1.01 | 0.98 | 0.94 | 0.92 | 0.90 | 0.85 |
| Effective Tax Rate | 21.85% | 21.61% | 24.42% | 22.02% | 20.09% | 22.91% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 511.33M | 254.92M | 121.22M | 143.06M | 152.43M | 168.60M |
| Investment Securities | 1.34B | 460.83M | 533.77M | 577.10M | 595.84M | 640.26M |
| Trading Asset Securities | 1.73M | 2.95M | 3.17M | 4.25M | 809.00K | |
| Mortgage-Backed Securities | 624.67M | 539.74M | 602.30M | 627.88M | 791.04M | |
| Total Investments | 1.34B | 1.09B | 1.08B | 1.18B | 1.23B | 1.43B |
| Gross Loans | 6.85B | 6.03B | 5.70B | 5.63B | 4.84B | 3.99B |
| Allowance for Loan Losses | -86.50M | -74.88M | -70.18M | -68.67M | -59.09M | -54.66M |
| Other Adjustments to Gross Loans | -27.86M | -37.85M | -53.00M | -9.23M | -1.99M | |
| Net Loans | 6.76B | 5.93B | 5.60B | 5.51B | 4.77B | 3.94B |
| Property, Plant & Equipment | 101.87M | 103.46M | 114.09M | 115.70M | 106.25M | 96.60M |
| Goodwill | 203.39M | 203.39M | 196.46M | 140.41M | 111.85M | |
| Other Intangible Assets | 269.88M | 45.06M | 52.89M | 60.91M | 29.15M | 29.10M |
| Loans Held for Sale | 5.20M | 6.61M | 4.98M | 338.00K | 2.75M | |
| Accrued Interest Receivable | 39.95M | 38.64M | 35.08M | 28.36M | 19.87M | |
| Other Receivables | 46.17M | 59.59M | ||||
| Long-Term Deferred Tax Assets | 70.07M | 72.25M | 7.30M | |||
| Other Real Estate Owned & Foreclosed | 5.03M | 2.86M | 2.72M | 1.16M | 4.37M | 5.02M |
| Other Long-Term Assets | 401.50M | 247.13M | 248.46M | 269.88M | 215.90M | 175.26M |
| Total Assets | 9.39B | 7.97B | 7.52B | 7.59B | 6.74B | 5.99B |
| Interest Bearing Deposits | 6.15B | 4.58B | 4.39B | 4.44B | 3.58B | 3.41B |
| Institutional Deposits | 419.93M | 341.43M | 282.03M | 423.63M | 302.78M | |
| Non-Interest Bearing Deposits | 1.47B | 1.39B | 1.33B | 1.40B | 1.26B | 1.25B |
| Total Deposits | 7.62B | 6.40B | 6.06B | 6.12B | 5.26B | 4.96B |
| Short-Term Borrowings | 187.73M | 197.96M | 296.13M | 215.94M | 289.51M | 147.74M |
| Current Portion of Long-Term Debt | 25.00M | 7.43M | 60.00M | 110.04M | 25.11M | |
| Current Portion of Leases | 3.33M | |||||
| Accrued Interest Payable | 5.78M | 5.28M | 5.44M | 3.35M | 1.35M | |
| Long-Term Debt | 22.77M | 60.01M | 87.47M | 106.75M | 94.55M | 94.40M |
| Federal Home Loan Bank Debt, Long-Term | 359.19M | 245.00M | 145.09M | 203.79M | 290.03M | 61.33M |
| Long-Term Leases | 9.88M | 14.19M | 14.62M | 16.04M | 15.32M | |
| Trust Preferred Securities | 34.13M | 24.45M | 24.28M | 24.06M | 19.36M | 19.20M |
| Other Long-Term Liabilities | 73.84M | 41.28M | 36.38M | 39.34M | 31.18M | 31.75M |
| Total Liabilities | 8.29B | 7.01B | 6.67B | 6.79B | 6.11B | 5.35B |
| Common Stock | 1.10B | 100.69M | 100.26M | 99.92M | 86.37M | 76.83M |
| Additional Paid-In Capital | 516.98M | 512.81M | 509.31M | 427.00M | 340.42M | |
| Retained Earnings | 463.54M | 395.19M | 338.66M | 289.28M | 234.16M | |
| Treasury Stock | -23.88M | -22.24M | -20.89M | -20.05M | -19.21M | |
| Comprehensive Income & Other | -98.65M | -139.63M | -133.80M | -149.44M | 1.69M | |
| Total Common Equity | 1.10B | 958.69M | 846.39M | 793.20M | 633.15M | 633.89M |
| Shareholders' Equity | 1.10B | 958.69M | 846.39M | 793.20M | 633.15M | 633.89M |
| Total Liabilities & Equity | 9.39B | 7.97B | 7.52B | 7.59B | 6.74B | 5.99B |
| Total Debt | 603.82M | 565.63M | 574.59M | 625.15M | 819.54M | 363.11M |
| Net Cash (Debt) | -92.48M | -307.25M | -446.93M | -477.45M | -661.38M | -191.25M |
| Net Cash Per Share | -3.62 | -12.81 | -18.70 | -21.83 | -32.67 | -10.66 |
| Filing Date Shares Outstanding | 26.60M | 24.08M | 23.98M | 23.89M | 20.50M | 20.44M |
| Total Common Shares Outstanding | 26.60M | 23.99M | 23.90M | 23.83M | 20.45M | 18.08M |
| Book Value Per Share | 41.23 | 39.97 | 35.42 | 33.29 | 30.96 | 35.06 |
| Tangible Book Value | 827.02M | 710.24M | 590.11M | 535.83M | 463.59M | 492.94M |
| Tangible Book Value Per Share | 31.09 | 29.61 | 24.70 | 22.49 | 22.67 | 27.26 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 91.75M | 78.90M | 68.94M | 72.95M | 51.49M | |
| Depreciation & Amortization | 19.77M | 20.78M | 14.90M | 15.06M | 9.79M | |
| Gain (Loss) on Sale of Assets | -1.56M | -74.00K | 4.21M | 222.00K | 5.60M | |
| Gain (Loss) on Sale of Investments | 2.51M | 433.00K | -3.38M | -1.18M | -623.00K | |
| Provision for Credit Losses | 9.92M | 5.63M | 6.10M | 4.81M | 15.15M | |
| Net Decrease (Increase) in Loans Originated / Sold - Operating | 5.37M | 1.96M | -3.44M | 3.57M | 3.43M | |
| Accrued Interest Receivable | -1.31M | -3.56M | -2.70M | -6.72M | 2.38M | |
| Change in Other Net Operating Assets | 14.10M | 29.33M | -22.24M | -16.22M | -8.26M | |
| Other Operating Activities | -10.62M | -7.96M | 8.52M | -8.85M | -4.61M | |
| Operating Cash Flow | 130.87M | 124.42M | 72.42M | 65.82M | 69.60M | |
| Capital Expenditures | -6.85M | -4.95M | -3.64M | -5.02M | -3.70M | |
| Sale of Property, Plant and Equipment | 11.18M | 7.00K | ||||
| Cash Acquisitions | -2.42M | -8.94M | 44.62M | 67.32M | 27.06M | |
| Investment in Securities | 38.94M | 101.81M | 449.71M | 174.22M | -453.33M | |
| Net Decrease (Increase) in Loans Originated / Sold - Investing | -345.71M | -99.07M | -20.83M | -416.20M | -32.03M | |
| Other Investing Activities | 1.41M | 2.05M | -30.00M | |||
| Investing Cash Flow | -302.62M | -7.51M | 474.38M | -178.69M | -482.50M | |
| Short-Term Debt Issued | 4.00M | 39.62M | ||||
| Long-Term Debt Issued | 200.00M | 165.00M | 150.00M | 359.75M | 5.00M | |
| Total Debt Issued | 204.00M | 165.00M | 150.00M | 399.37M | 5.00M | |
| Short-Term Debt Repaid | -11.41M | -9.60M | -7.69M | -60.67M | ||
| Long-Term Debt Repaid | -202.32M | -205.63M | -351.14M | -25.86M | -40.08M | |
| Total Debt Repaid | -213.72M | -215.22M | -358.83M | -25.86M | -100.75M | |
| Net Debt Issued (Repaid) | -9.72M | -50.23M | -208.83M | 373.51M | -95.75M | |
| Issuance of Common Stock | 1.12M | 1.05M | 1.00M | 1.24M | 1.94M | |
| Repurchase of Common Stock | -724.00K | -659.00K | -465.00K | -340.00K | -326.00K | |
| Common Dividends Paid | -23.39M | -22.37M | -19.56M | -17.83M | -14.72M | |
| Total Dividends Paid | -23.39M | -22.37M | -19.56M | -17.83M | -14.72M | |
| Net Increase (Decrease) in Deposit Accounts | 338.18M | -66.56M | -328.31M | -259.86M | 273.29M | |
| Other Financing Activities | -29.00K | -206.00K | ||||
| Financing Cash Flow | 305.45M | -138.76M | -556.17M | 96.69M | 164.22M | |
| Net Cash Flow | 133.70M | -21.85M | -9.37M | -16.17M | -248.68M | |
| Free Cash Flow | 124.03M | 119.48M | 68.78M | 60.80M | 65.89M | |
| Free Cash Flow Margin | 36.55% | 37.41% | 25.09% | 23.92% | 29.63% | |
| Free Cash Flow Per Share | 5.17 | 5.00 | 3.15 | 3.00 | 3.67 | |
| Cash Interest Paid | 116.32M | 128.81M | 104.61M | 29.61M | 16.26M | |
| Cash Income Tax Paid | 17.96M | -1.52M | 22.25M | 22.99M | 18.97M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.38B | 936.14M | 880.43M | 826.30M | 656.46M | 774.00M |
| Last Close Price | 50.40 | 38.35 | 35.28 | 32.34 | 28.98 | 37.74 |
| PE Ratio | 11.87 | 10.20 | 11.16 | 11.99 | 9.00 | 15.03 |
| PS Ratio | 3.49 | 2.76 | 2.76 | 3.01 | 2.58 | 3.48 |
| PB Ratio | 1.22 | 0.98 | 1.04 | 1.04 | 1.04 | 1.22 |
| P/FCF Ratio | 11.53 | 7.55 | 7.37 | 12.01 | 10.80 | 11.75 |
| P/OCF Ratio | 10.87 | 7.15 | 7.08 | 11.41 | 9.97 | 11.12 |
| Debt / Equity Ratio | 0.55 | 0.59 | 0.68 | 0.79 | 1.29 | 0.57 |
| Debt / FCF Ratio | 4.56 | 4.81 | 9.09 | 13.48 | 5.51 | |
| Net Debt / Equity Ratio | 0.08 | 0.32 | 0.53 | 0.60 | 1.04 | 0.30 |
| Net Debt / FCF Ratio | 2.48 | 3.74 | 6.94 | 10.88 | 2.90 | |
| Return on Equity (ROE) | 10.95% | 10.17% | 9.62% | 9.67% | 11.52% | 8.57% |
| Return on Assets (ROA) | 1.29% | 1.19% | 1.04% | 0.96% | 1.15% | 0.96% |
| Earnings Yield | 8.43% | 9.80% | 8.96% | 8.34% | 11.11% | 6.65% |
| FCF Yield | 8.67% | 13.25% | 13.57% | 8.32% | 9.26% | 8.51% |
| Dividend Yield | 2.02% | 2.51% | 2.55% | 2.65% | 2.80% | 1.99% |
| Payout Ratio | 23.87% | 25.50% | 28.35% | 28.37% | 24.44% | 28.59% |
| Buyback Yield / Dilution | -6.86% | -0.38% | -9.27% | -8.03% | -12.85% | -7.02% |
| Total Shareholder Return | -4.83% | 2.13% | -6.72% | -5.38% | -10.04% | -5.03% |