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First Mid Bancshares (FMBH) Financials

First Mid Bancshares logo
$39.76 -0.02 (-0.05%)
Closing price 04:00 PM Eastern
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$39.77 +0.01 (+0.03%)
As of 04:04 PM Eastern
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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 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 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
Net Income / (Loss) Attributable to Common Shareholders		 11 14 21 27 37 48 45 51 73 69 79
Consolidated Net Income / (Loss)		 15 17 22 27 37 48 45 51 73 69 79
Net Income / (Loss) Continuing Operations		 15 17 22 27 37 48 45 51 73 69 79
Total Pre-Tax Income 		25 26 34 42 49 63 60 67 91 88 104
Total Revenue		 70 76 98 123 147 182 187 238 259 280 325
Net Interest Income / (Expense)		 51 56 71 93 112 126 127 168 184 193 229
Total Interest Income		 55 59 75 100 125 150 144 183 216 300 357
Loans and Leases Interest Income		 45 48 62 83 106 127 127 160 186 262 320
Investment Securities Interest Income		 9.85 11 13 16 18 21 17 23 29 32 29
Deposits and Money Market Investments Interest Income		 0.08 0.24 0.49 0.34 0.55 1.84 0.36 0.41 0.53 5.21 8.04
Federal Funds Sold and Securities Borrowed Interest Income		 0.00 0.00 0.04 0.06 0.01 0.01 0.00 0.00 0.11 0.42 0.05
Total Interest Expense		 3.25 3.50 4.29 6.48 13 24 17 15 32 107 129
Deposits Interest Expense		 2.35 2.28 2.71 4.00 8.57 19 13 9.04 19 77 107
Long-Term Debt Interest Expense		 0.85 1.16 1.48 2.31 3.48 4.18 3.46 5.99 11 23 15
Federal Funds Purchased and Securities Sold Interest Expense		 0.05 0.06 0.10 0.18 0.33 0.91 0.49 0.23 1.80 6.57 6.45
Total Non-Interest Income		 18 21 27 30 35 56 60 70 75 87 96
Trust Fees by Commissions		 4.61 5.06 5.43 - - - 16 20 22 - 23
Other Service Charges		 13 15 12 14 16 28 35 46 49 44 69
Net Realized & Unrealized Capital Gains on Investments		 0.72 0.45 1.19 0.62 0.90 0.80 1.11 0.12 0.03 3.38 -0.43
Other Non-Interest Income		 0.00 0.00 1.84 8.73 11 19 6.81 3.04 3.56 28 4.73
Provision for Credit Losses		 0.63 1.32 2.83 7.46 8.67 6.43 16 15 4.81 6.10 5.64
Total Non-Interest Expense		 45 49 62 74 90 112 111 156 163 186 215
Salaries and Employee Benefits		 25 26 32 40 47 63 66 90 99 105 124
Net Occupancy & Equipment Expense		 8.35 9.14 11 13 15 18 17 22 24 27 30
Marketing Expense		 1.02 1.09 1.85 1.36 1.79 2.03 1.62 3.60 3.00 3.01 3.42
Property & Liability Insurance Claims		 0.80 0.90 0.97 0.91 1.06 0.22 1.31 1.60 1.81 3.34 3.46
Other Operating Expenses		 8.93 11 13 17 23 24 20 34 29 38 40
Amortization Expense		 0.64 0.89 1.91 2.15 3.22 5.85 5.06 5.39 6.29 9.13 14
Income Tax Expense		 9.25 9.22 12 15 12 15 14 15 18 19 25
Basic Earnings per Share		 $1.88 $1.84 $2.07 $2.13 $2.53 $2.88 $2.71 $2.88 $3.62 $3.17 $3.31
Weighted Average Basic Shares Outstanding		 6.00M 7.78M 10.15M 12.53M 14.50M 16.60M 18.04M 20.44M 20.50M 23.89M 23.98M
Diluted Earnings per Share		 $1.85 $1.81 $2.05 $2.13 $2.52 $2.87 $2.70 $2.87 $3.60 $3.15 $3.30
Weighted Average Diluted Shares Outstanding		 6.00M 7.78M 10.15M 12.53M 14.50M 16.60M 18.04M 20.44M 20.50M 23.89M 23.98M
Weighted Average Basic & Diluted Shares Outstanding		 6.00M 7.78M 10.15M 12.53M 14.50M 16.60M 18.04M 20.44M 20.50M 23.89M 23.98M
Cash Dividends to Common per Share		 $0.55 $0.59 $0.62 $0.66 $0.70 $0.76 $0.81 $0.85 $0.90 $0.92 $0.94

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 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 18 21 19 17 15 18 21 20 19 19 22
Consolidated Net Income / (Loss)		 18 21 19 17 15 18 21 20 19 19 22
Net Income / (Loss) Continuing Operations		 18 21 19 17 15 18 21 20 19 19 22
Total Pre-Tax Income 		23 24 25 21 20 22 27 27 25 25 28
Total Revenue		 65 64 66 62 73 79 80 79 81 85 84
Net Interest Income / (Expense)		 48 46 43 42 50 57 55 57 58 59 59
Total Interest Income		 57 61 64 66 80 90 88 89 91 90 88
Loans and Leases Interest Income		 49 53 56 58 69 79 78 80 82 81 80
Investment Securities Interest Income		 7.30 7.29 7.13 7.19 9.28 8.52 7.41 7.41 7.04 6.99 6.78
Deposits and Money Market Investments Interest Income		 0.14 0.23 0.22 0.47 1.90 2.61 2.43 1.71 2.34 1.56 0.86
Federal Funds Sold and Securities Borrowed Interest Income		 0.04 0.07 0.09 0.10 0.11 0.12 0.02 0.01 0.03 - 0.00
Total Interest Expense		 8.50 15 20 24 30 32 32 32 34 31 28
Deposits Interest Expense		 4.92 9.23 13 17 22 26 26 26 28 26 24
Long-Term Debt Interest Expense		 3.15 4.65 6.25 5.46 6.32 4.80 4.05 3.97 3.85 3.42 3.25
Federal Funds Purchased and Securities Sold Interest Expense		 0.43 1.16 1.46 1.72 1.63 1.75 2.06 1.62 1.44 1.33 1.18
Total Non-Interest Income		 17 18 22 19 23 22 24 22 23 26 25
Trust Fees by Commissions		 4.84 - - - 4.94 - 5.32 5.41 5.82 6.28 5.80
Other Service Charges		 11 14 13 10 13 8.38 18 15 15 21 17
Net Realized & Unrealized Capital Gains on Investments		 0.08 -0.05 -0.05 -0.01 3.39 0.05 0.00 -0.16 -0.28 - -0.18
Other Non-Interest Income		 1.27 -6.14 7.31 6.86 1.87 12 1.12 2.23 2.31 -0.93 2.40
Provision for Credit Losses		 0.14 0.81 -0.82 0.46 5.91 0.55 -0.36 1.08 1.27 3.64 1.65
Total Non-Interest Expense		 42 39 42 40 47 57 53 51 54 56 54
Salaries and Employee Benefits		 25 24 26 24 25 30 30 30 32 32 32
Net Occupancy & Equipment Expense		 5.90 6.13 6.01 6.04 6.93 7.98 7.56 7.51 8.06 7.29 8.48
Marketing Expense		 0.74 0.68 0.65 0.91 0.76 0.68 0.86 0.81 0.84 0.91 0.85
Property & Liability Insurance Claims		 0.48 0.46 0.46 1.08 0.79 1.02 0.87 0.90 0.83 0.86 0.85
Other Operating Expenses		 7.95 6.89 6.86 7.00 11 14 10 8.66 9.24 12 9.31
Amortization Expense		 1.60 1.54 1.52 1.48 2.57 3.56 3.50 3.34 3.41 3.31 3.23
Income Tax Expense		 5.42 3.06 5.73 4.79 5.37 3.58 6.44 6.97 5.89 6.21 5.98
Basic Earnings per Share		 $0.88 $1.01 $0.94 $0.81 $0.68 $0.74 $0.86 $0.83 $0.81 $0.81 $0.93
Weighted Average Basic Shares Outstanding		 20.46M 20.50M 20.53M 20.54M 23.84M 23.89M 23.90M 23.91M 23.91M 23.98M 23.99M
Diluted Earnings per Share		 $0.88 $1.00 $0.93 $0.80 $0.68 $0.74 $0.86 $0.82 $0.81 $0.81 $0.93
Weighted Average Diluted Shares Outstanding		 20.46M 20.50M 20.53M 20.54M 23.84M 23.89M 23.90M 23.91M 23.91M 23.98M 23.99M
Weighted Average Basic & Diluted Shares Outstanding		 20.46M 20.50M 20.53M 20.54M 23.84M 23.89M 23.90M 23.91M 23.91M 23.98M 23.99M

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 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 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
Net Change in Cash & Equivalents		 -13 64 60 -87 53 -56 332 -249 -16 -9.37 -22
Net Cash From Operating Activities		 18 22 27 46 42 63 64 70 66 72 124
Net Cash From Continuing Operating Activities		 18 22 27 46 42 63 64 70 66 72 124
Net Income / (Loss) Continuing Operations		 15 17 22 27 37 48 45 51 73 69 79
Consolidated Net Income / (Loss)		 15 17 22 27 37 48 45 51 73 69 79
Provision For Loan Losses		 0.63 1.32 2.83 7.46 8.67 6.43 16 15 4.81 6.10 5.64
Depreciation Expense		 3.96 4.44 7.94 8.13 7.88 11 12 14 15 15 21
Non-Cash Adjustments to Reconcile Net Income		 -1.65 1.14 -3.39 2.73 2.02 -3.12 -9.84 -3.81 -5.60 6.36 -6.88
Changes in Operating Assets and Liabilities, net		 -0.62 -1.41 -1.79 1.15 -13 0.73 0.29 -7.68 -21 -24 26
Net Cash From Investing Activities		 -10 10 -78 -56 -11 -32 -562 -482 -179 474 -7.51
Net Cash From Continuing Investing Activities		 -10 10 -78 -56 -11 -32 -562 -482 -179 474 -7.51
Purchase of Property, Leasehold Improvements and Equipment		 -1.18 -1.76 -0.70 -1.27 -3.11 -4.10 -2.46 -3.70 -5.02 -3.64 -4.95
Acquisitions		 - - - - - - - 27 67 45 -8.94
Purchase of Investment Securities		 -142 -399 -411 -307 -136 -248 -953 -755 -429 -23 -122
Sale of Property, Leasehold Improvements and Equipment		 0.00 0.00 0.15 - - - - - 0.00 0.00 0.01
Sale and/or Maturity of Investments		 133 134 297 253 71 220 393 249 188 456 128
Net Cash From Financing Activities		 -21 32 111 -77 21 -87 831 164 97 -556 -139
Net Cash From Continuing Financing Activities		 -21 32 111 -77 21 -87 831 164 97 -556 -139
Net Change in Deposits		 -16 6.84 61 -55 -20 -71 775 273 -260 -328 -67
Issuance of Debt		 11 7.00 42 52 45 50 118 5.00 360 150 165
Issuance of Common Equity		 0.49 28 0.20 4.40 37 0.66 0.61 1.94 1.24 1.00 1.05
Repayment of Debt		 -11 -7.00 -19 -40 -45 -74 -44 -40 -26 -351 -206
Repurchase of Common Equity		 -1.76 -1.07 0.00 -0.80 -0.14 -1.29 -0.21 -0.33 -0.34 -0.47 -0.66
Payment of Dividends		 -6.99 -5.49 -6.56 -7.23 -8.79 -12 -13 -15 -18 -20 -22
Other Financing Activities, Net		 2.78 3.18 33 -31 13 21 -6.17 -61 40 -7.69 -9.60
Cash Interest Paid		 3.24 3.43 4.11 6.42 12 24 17 16 30 105 129
Cash Income Taxes Paid		 9.34 7.80 13 12 9.65 16 19 19 23 22 -1.52

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 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Net Change in Cash & Equivalents		 28 -3.52 17 5.12 209 -240 213 -120 -71 -43 80
Net Cash From Operating Activities		 34 12 20 18 5.41 29 29 24 33 38 48
Net Cash From Continuing Operating Activities		 34 12 20 18 5.41 29 29 24 33 38 48
Net Income / (Loss) Continuing Operations		 18 21 19 17 15 18 21 20 19 19 22
Consolidated Net Income / (Loss)		 18 21 19 17 15 18 21 20 19 19 22
Provision For Loan Losses		 0.14 0.81 -0.82 0.46 5.91 0.55 -0.36 1.08 1.27 3.64 1.65
Depreciation Expense		 3.85 3.56 3.49 3.38 3.10 4.93 5.34 5.01 5.28 5.15 5.00
Non-Cash Adjustments to Reconcile Net Income		 -0.02 -4.40 -2.66 -3.26 -7.08 19 -1.26 -5.49 -0.71 0.58 1.63
Changes in Operating Assets and Liabilities, net		 12 -9.04 1.12 0.70 -12 -14 4.82 3.72 7.72 9.73 17
Net Cash From Investing Activities		 -11 -74 90 -33 355 62 97 -28 -30 -47 4.55
Net Cash From Continuing Investing Activities		 -11 -74 90 -33 355 62 97 -28 -30 -47 4.55
Purchase of Property, Leasehold Improvements and Equipment		 -1.11 -1.15 -0.94 -0.97 -1.11 -0.62 -1.48 -1.12 -1.11 -1.24 -1.93
Purchase of Investment Securities		 -73 -109 -1.33 0.01 0.02 -21 77 -66 -63 -70 -0.52
Sale of Property, Leasehold Improvements and Equipment		 - - - - - - 0.00 - - - 3.50
Sale and/or Maturity of Investments		 131 -31 92 -22 302 84 22 39 43 24 3.50
Net Cash From Financing Activities		 0.49 54 -93 20 -152 -331 86 -116 -75 -34 28
Net Cash From Continuing Financing Activities		 5.49 59 -93 20 -152 -331 86 -116 -75 -34 28
Net Change in Deposits		 164 -226 -226 189 -68 -223 119 -127 -27 -32 73
Issuance of Debt		 40 -5.26 170 -10 -10 - 0.00 75 - 90 54
Issuance of Common Equity		 0.19 0.24 0.34 0.21 0.24 0.22 0.38 0.20 0.25 0.22 0.43
Repayment of Debt		 -194 255 -40 -135 -75 -101 -25 -59 -42 -77 -110
Payment of Dividends		 -4.69 -4.69 -4.70 -4.70 -4.70 -5.46 -5.47 -5.47 -5.71 -5.72 -5.73
Other Financing Activities, Net		 - 40 7.25 -19 5.81 -1.26 -3.00 - - -9.60 16
Cash Interest Paid		 7.15 15 19 24 28 34 31 33 33 32 27
Cash Income Taxes Paid		 3.58 0.53 0.29 9.42 6.92 5.63 -0.82 -1.48 -0.79 -0.08 -1.19

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 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 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
Total Assets		 1,607 2,114 2,885 2,842 3,840 3,839 4,726 5,987 6,744 7,587 7,520
Cash and Due from Banks		 41 43 58 75 64 76 75 - 138 123 92
Federal Funds Sold		 0.49 0.49 39 0.49 0.67 0.93 1.31 1.36 7.63 8.98 0.08
Interest Bearing Deposits at Other Banks		 11 73 79 13 77 7.66 341 76 6.39 11 29
Time Deposits Placed and Other Short-Term Investments		 0.00 25 15 1.69 7.57 4.63 2.70 2.45 1.47 1.47 3.50
Trading Account Securities		 432 605 695 649 763 756 884 1,428 1,222 1,178 1,070
Loans and Leases, Net of Allowance		 1,047 1,266 1,808 1,918 2,617 -27 -42 3,938 -59 -69 -70
Allowance for Loan and Lease Losses		 14 15 17 20 26 27 42 55 59 69 70
Loans Held for Sale		 1.96 - - - - 1.82 1.92 - 0.34 4.98 6.61
Premises and Equipment, Net		 27 31 40 38 59 59 58 81 90 101 100
Goodwill		 26 41 58 60 105 105 105 112 140 196 203
Intangible Assets		 1.84 9.00 13 11 34 28 23 30 29 68 59
Other Assets		 20 21 80 74 113 2,826 3,276 223 5,166 5,962 6,026
Total Liabilities & Shareholders' Equity		 1,607 2,114 2,885 2,842 3,840 3,839 4,726 5,987 6,744 7,587 7,520
Total Liabilities		 1,442 1,909 2,604 2,534 3,364 3,313 4,158 5,222 6,111 6,794 6,673
Non-Interest Bearing Deposits		 222 343 471 480 576 633 937 1,247 1,257 1,398 1,329
Interest Bearing Deposits		 1,050 1,390 1,859 1,794 2,413 2,284 2,756 3,710 4,000 4,725 4,728
Short-Term Debt		 142 129 186 166 200 208 207 146 221 214 204
Accrued Interest Payable		 0.29 0.36 0.54 0.60 1.76 2.26 2.35 - 3.35 5.44 5.28
Long-Term Debt		 21 41 82 84 149 138 207 86 579 395 354
Other Long-Term Liabilities		 6.81 6.55 5.60 8.60 25 47 49 33 50 56 53
Total Equity & Noncontrolling Interests		 165 205 281 308 476 527 568 651 633 793 846
Total Preferred & Common Equity		 165 205 281 308 476 527 568 634 633 793 846
Total Common Equity		 138 178 281 308 476 527 568 651 633 793 846
Common Stock		 88 118 213 219 365 367 369 417 513 609 613
Retained Earnings		 62 72 86 105 131 167 198 234 289 339 395
Treasury Stock		 -15 -16 -16 -16 -17 -18 -19 - -20 -21 -22
Accumulated Other Comprehensive Income / (Loss)		 -0.88 0.72 -5.76 -2.30 -6.47 8.36 17 -0.83 -152 -136 -142
Other Equity Adjustments		 3.33 3.25 3.20 3.54 2.76 2.76 2.98 - 2.06 2.63 2.76

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 Q2 2022 Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025
Period end date 6/30/2022 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025
Total Assets		 6,661 6,651 6,683 6,704 7,855 7,678 7,581 7,562 7,573
Cash and Due from Banks		 116 141 - 134 143 81 104 118 105
Federal Funds Sold		 6.86 7.40 7.90 8.16 8.45 0.02 0.03 0.03 0.08
Interest Bearing Deposits at Other Banks		 14 12 9.39 33 232 275 131 46 96
Time Deposits Placed and Other Short-Term Investments		 1.72 1.47 1.72 1.72 1.96 3.75 3.75 3.50 2.52
Trading Account Securities		 1,353 1,234 1,216 1,168 1,225 1,146 1,117 1,122 1,046
Loans and Leases, Net of Allowance		 -59 -59 -58 -59 -68 -68 -68 -69 -70
Allowance for Loan and Lease Losses		 59 59 58 59 68 68 68 69 70
Loans Held for Sale		 1.29 0.47 1.00 2.71 6.23 4.82 7.76 8.09 3.64
Premises and Equipment, Net		 91 91 90 90 102 102 102 101 97
Goodwill		 140 140 140 146 196 196 196 203 203
Intangible Assets		 32 31 28 32 71 64 61 62 55
Other Assets		 4,963 5,052 5,095 5,148 5,938 5,874 5,926 5,967 6,033
Total Liabilities & Shareholders' Equity		 6,661 6,651 6,683 6,704 7,855 7,678 7,581 7,562 7,573
Total Liabilities		 6,035 6,051 6,021 6,043 7,117 6,880 6,767 6,704 6,702
Non-Interest Bearing Deposits		 1,370 1,335 1,262 1,171 1,389 1,448 1,393 1,387 1,395
Interest Bearing Deposits		 3,949 4,149 3,769 4,049 4,957 4,795 4,722 4,702 4,736
Short-Term Debt		 185 226 229 209 215 211 206 204 220
Accrued Interest Payable		 1.66 3.01 4.73 4.34 6.73 6.32 5.42 6.49 6.63
Long-Term Debt		 490 290 709 564 496 370 391 350 299
Other Long-Term Liabilities		 39 49 48 46 54 51 49 54 46
Total Equity & Noncontrolling Interests		 626 601 662 661 738 798 814 858 871
Total Preferred & Common Equity		 626 601 662 661 738 798 814 858 871
Total Common Equity		 626 601 661 661 738 798 814 858 871
Common Stock		 513 513 515 515 609 612 612 613 617
Retained Earnings		 260 273 304 316 326 354 368 382 412
Treasury Stock		 -19 -20 -20 -20 -20 -21 -21 -21 -22
Accumulated Other Comprehensive Income / (Loss)		 -128 -168 -138 -152 -179 -148 -147 -117 -135
Other Equity Adjustments		 0.97 1.52 - 1.50 2.07 0.83 1.38 2.15 0.51

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 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 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
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 0.85% 9.23% 28.60% 25.78% 19.24% 23.47% 2.88% 27.06% 9.03% 8.22% 15.97%
EBITDA Growth		 1.58% 5.22% 38.26% 19.52% 13.09% 31.43% -3.57% 13.68% 30.92% -2.86% 21.16%
EBIT Growth		 4.87% 4.11% 31.29% 23.52% 16.25% 30.43% -5.57% 11.79% 36.69% -3.16% 18.09%
NOPAT Growth		 5.02% 6.80% 32.27% 22.18% 37.16% 30.99% -5.58% 13.74% 41.68% -5.51% 14.45%
Net Income Growth		 5.02% 6.80% 32.27% 22.18% 37.16% 30.99% -5.58% 13.74% 41.68% -5.51% 14.45%
EPS Growth		 6.94% -2.16% 13.26% 3.90% 18.31% 13.89% -5.92% 6.30% 25.44% -12.50% 4.76%
Operating Cash Flow Growth		 -27.92% 23.74% 24.66% 68.31% -8.62% 48.97% 1.13% 9.53% -5.42% 10.02% 71.82%
Free Cash Flow Firm Growth		 -348.00% -830.43% -396.01% 111.53% -1,417.02% 100.06% -48,005.93% 157.26% -1,082.19% 127.76% -25.09%
Invested Capital Growth		 6.06% 14.36% 46.26% 1.68% 47.87% 5.80% 12.60% 1.47% 43.81% -2.23% 0.23%
Revenue Q/Q Growth		 0.69% 6.09% 7.02% 1.86% 8.85% 1.80% 1.70% 4.92% 1.49% 5.78% 1.91%
EBITDA Q/Q Growth		 1.40% 5.53% 11.29% -3.84% 8.84% 3.60% 4.09% 7.04% 0.89% -0.65% 3.25%
EBIT Q/Q Growth		 1.98% 4.04% 11.27% -3.55% 9.04% 3.90% 4.43% 6.28% 1.90% -2.27% 3.70%
NOPAT Q/Q Growth		 1.92% 4.72% 10.88% -7.53% 16.99% 4.44% 3.65% 6.77% 5.50% -3.59% 1.41%
Net Income Q/Q Growth		 1.92% 4.72% 10.88% -7.53% 16.99% 4.44% 3.65% 6.77% 5.50% -3.59% 1.41%
EPS Q/Q Growth		 2.78% 0.00% 4.06% -8.19% 10.53% 3.99% 3.85% 4.74% 1.69% -7.62% 2.17%
Operating Cash Flow Q/Q Growth		 -13.10% 12.27% 9.86% 2.68% 5.90% 8.53% 18.25% -9.80% -14.71% 31.35% 8.20%
Free Cash Flow Firm Q/Q Growth		 -179.83% 40.96% -9.83% 157.31% -146.26% 100.21% -1,203.45% 133.44% -725.34% 138.75% -33.17%
Invested Capital Q/Q Growth		 14.91% 6.26% 7.40% -2.17% 18.67% 8.18% 16.36% -0.64% 28.40% -3.25% -0.59%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 41.05% 39.55% 42.52% 40.40% 38.32% 40.79% 38.23% 34.20% 41.07% 36.86% 38.51%
EBIT Margin		 35.38% 33.72% 34.43% 33.81% 32.96% 34.82% 31.96% 28.12% 35.25% 31.55% 32.12%
Profit (Net Income) Margin		 22.13% 21.64% 22.26% 21.62% 24.87% 26.39% 24.22% 21.68% 28.17% 24.60% 24.28%
Tax Burden Percent		 62.56% 64.17% 64.65% 63.95% 75.46% 75.78% 75.78% 77.09% 79.91% 77.98% 75.58%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 37.44% 35.83% 35.35% 36.05% 24.54% 24.22% 24.22% 22.91% 20.09% 22.02% 24.42%
Return on Invested Capital (ROIC)		 4.85% 4.70% 4.73% 4.82% 5.30% 5.65% 4.88% 5.20% 6.00% 4.86% 5.62%
ROIC Less NNEP Spread (ROIC-NNEP)		 4.85% 4.70% 4.73% 4.82% 5.30% 5.65% 4.88% 5.20% 6.00% 4.86% 5.62%
Return on Net Nonoperating Assets (RNNOA)		 4.99% 4.23% 4.26% 4.24% 4.04% 3.92% 3.39% 3.25% 5.36% 4.80% 4.00%
Return on Equity (ROE)		 9.84% 8.93% 8.99% 9.07% 9.34% 9.56% 8.27% 8.45% 11.37% 9.67% 9.62%
Cash Return on Invested Capital (CROIC)		 -1.03% -8.70% -32.84% 3.16% -33.33% 0.02% -6.97% 3.74% -29.93% 7.12% 5.39%
Operating Return on Assets (OROA)		 1.54% 1.38% 1.35% 1.46% 1.45% 1.65% 1.39% 1.25% 1.43% 1.23% 1.38%
Return on Assets (ROA)		 0.96% 0.89% 0.87% 0.93% 1.10% 1.25% 1.06% 0.96% 1.15% 0.96% 1.04%
Return on Common Equity (ROCE)		 7.35% 7.60% 8.49% 9.07% 9.34% 9.56% 8.27% 8.45% 11.37% 9.67% 9.62%
Return on Equity Simple (ROE_SIMPLE)		 9.38% 8.05% 7.78% 8.66% 7.69% 9.10% 7.97% 8.12% 11.52% 8.69% 9.32%
Net Operating Profit after Tax (NOPAT)		 15 17 22 27 37 48 45 51 73 69 79
NOPAT Margin		 22.13% 21.64% 22.26% 21.62% 24.87% 26.39% 24.22% 21.68% 28.17% 24.60% 24.28%
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% 0.00%
SG&A Expenses to Revenue		 48.87% 47.93% 46.49% 43.52% 42.90% 45.29% 45.35% 48.34% 48.60% 48.14% 48.60%
Operating Expenses to Revenue		 63.72% 64.55% 62.69% 60.14% 61.15% 61.64% 59.43% 65.50% 62.89% 66.28% 66.15%
Earnings before Interest and Taxes (EBIT)		 25 26 34 42 49 63 60 67 91 88 104
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 29 30 42 50 56 74 71 81 106 103 125
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.64 1.00 1.25 1.34 0.88 0.98 0.90 1.10 0.97 1.01 1.03
Price to Tangible Book Value (P/TBV)		 0.79 1.39 1.68 1.73 1.25 1.32 1.16 1.41 1.33 1.51 1.50
Price to Revenue (P/Rev)		 1.25 2.33 3.59 3.33 2.86 2.85 2.73 3.02 2.37 2.85 2.69
Price to Earnings (P/E)		 7.72 12.43 16.75 15.42 11.50 10.80 11.28 13.91 8.43 11.60 11.09
Dividend Yield		 3.70% 1.42% 2.19% 2.02% 3.78% 2.45% 2.65% 3.18% 2.99% 2.74% 2.57%
Earnings Yield		 12.95% 8.05% 5.97% 6.49% 8.69% 9.26% 8.86% 7.19% 11.86% 8.62% 9.02%
Enterprise Value to Invested Capital (EV/IC)		 0.69 0.63 0.78 1.02 0.75 0.89 0.51 0.87 0.88 0.90 0.93
Enterprise Value to Revenue (EV/Rev)		 3.24 3.07 4.38 4.62 4.22 4.26 2.70 3.66 4.87 4.51 4.03
Enterprise Value to EBITDA (EV/EBITDA)		 7.88 7.77 10.29 11.44 11.01 10.44 7.07 10.70 11.86 12.23 10.45
Enterprise Value to EBIT (EV/EBIT)		 9.14 9.11 12.71 13.67 12.80 12.23 8.45 13.01 13.82 14.29 12.53
Enterprise Value to NOPAT (EV/NOPAT)		 14.62 14.20 19.66 21.38 16.96 16.14 11.15 16.88 17.29 18.33 16.59
Enterprise Value to Operating Cash Flow (EV/OCF)		 12.71 10.66 15.65 12.36 14.72 12.32 7.95 12.49 19.16 17.45 10.52
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 32.62 0.00 5,732.77 0.00 23.47 0.00 12.51 17.30
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.99 0.83 0.95 0.81 0.73 0.66 0.73 0.36 1.26 0.77 0.66
Long-Term Debt to Equity		 0.13 0.20 0.29 0.27 0.31 0.26 0.36 0.13 0.91 0.50 0.42
Financial Leverage		 1.03 0.90 0.90 0.88 0.76 0.69 0.69 0.62 0.89 0.99 0.71
Leverage Ratio		 10.22 10.06 10.29 9.73 8.52 7.66 7.82 8.79 9.92 10.05 9.21
Compound Leverage Factor		 10.22 10.06 10.29 9.73 8.52 7.66 7.82 8.79 9.92 10.05 9.21
Debt to Total Capital		 49.71% 45.33% 48.83% 44.78% 42.30% 39.64% 42.16% 26.35% 55.83% 43.40% 39.75%
Short-Term Debt to Total Capital		 43.42% 34.50% 33.87% 29.71% 24.26% 23.85% 21.06% 16.56% 15.45% 15.25% 14.53%
Long-Term Debt to Total Capital		 6.29% 10.83% 14.96% 15.07% 18.04% 15.79% 21.10% 9.79% 40.39% 28.16% 25.22%
Preferred Equity to Total Capital		 8.36% 7.31% 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% 0.00%
Common Equity to Total Capital		 41.93% 47.36% 51.17% 55.22% 57.70% 60.36% 57.84% 73.65% 44.17% 56.60% 60.25%
Debt to EBITDA		 5.69 5.63 6.42 5.01 6.19 4.67 5.80 2.86 7.53 5.89 4.46
Net Debt to EBITDA		 3.88 0.97 1.85 3.19 3.54 3.46 -0.08 1.88 6.08 4.49 3.46
Long-Term Debt to EBITDA		 0.72 1.35 1.97 1.69 2.64 1.86 2.90 1.06 5.44 3.82 2.83
Debt to NOPAT		 10.54 10.30 12.26 9.36 9.53 7.21 9.15 4.52 10.97 8.82 7.08
Net Debt to NOPAT		 7.20 1.77 3.54 5.97 5.46 5.34 -0.13 2.96 8.86 6.73 5.50
Long-Term Debt to NOPAT		 1.33 2.46 3.76 3.15 4.06 2.87 4.58 1.68 7.94 5.72 4.49
Noncontrolling Interest Sharing Ratio		 25.27% 14.81% 5.64% 0.00% 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)		 -3.29 -31 -152 17 -230 0.14 -65 37 -364 101 76
Operating Cash Flow to CapEx		 1,509.08% 1,248.47% 5,004.01% 3,622.76% 1,355.24% 1,531.27% 2,579.82% 1,879.96% 1,311.24% 1,990.02% 2,519.74%
Free Cash Flow to Firm to Interest Expense		 -1.01 -8.74 -35.33 2.70 -17.96 0.01 -3.87 2.43 -11.51 0.95 0.59
Operating Cash Flow to Interest Expense		 5.47 6.29 6.39 7.12 3.29 2.61 3.80 4.56 2.08 0.68 0.97
Operating Cash Flow Less CapEx to Interest Expense		 5.10 5.78 6.26 6.92 3.05 2.44 3.65 4.32 1.92 0.64 0.93
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.04 0.04 0.04 0.04 0.04 0.05 0.04 0.04 0.04 0.04 0.04
Fixed Asset Turnover		 2.50 2.60 2.74 3.14 3.02 3.06 3.18 3.40 3.01 2.92 3.22
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 328 375 549 558 825 872 982 997 1,434 1,402 1,405
Invested Capital Turnover		 0.22 0.22 0.21 0.22 0.21 0.21 0.20 0.24 0.21 0.20 0.23
Increase / (Decrease) in Invested Capital		 19 47 173 9.19 267 48 110 14 437 -32 3.26
Enterprise Value (EV)		 226 234 429 571 621 774 505 869 1,261 1,263 1,309
Market Capitalization		 87 178 352 411 421 518 511 716 615 800 875
Book Value per Share		 $23.41 $21.08 $22.53 $24.41 $31.11 $31.60 $33.95 $35.97 $30.94 $33.27 $35.40
Tangible Book Value per Share		 $18.71 $15.14 $16.86 $18.79 $22.01 $23.60 $26.30 $28.15 $22.64 $22.19 $24.44
Total Capital		 328 375 549 558 825 872 982 883 1,434 1,402 1,405
Total Debt		 163 170 268 250 349 346 414 233 800 608 558
Total Long-Term Debt		 21 41 82 84 149 138 207 86 579 395 354
Net Debt		 111 29 77 159 200 256 -5.79 153 646 464 434
Capital Expenditures (CapEx)		 1.18 1.76 0.55 1.27 3.11 4.10 2.46 3.70 5.02 3.64 4.94
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 163 170 268 250 349 346 414 346 800 608 558
Total Depreciation and Amortization (D&A)		 3.96 4.44 7.94 8.13 7.88 11 12 14 15 15 21
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.88 $1.84 $2.07 $2.13 $2.53 $2.88 $2.71 $2.88 $3.62 $3.17 $3.31
Adjusted Weighted Average Basic Shares Outstanding		 7.02M 8.46M 12.48M 12.67M 16.67M 16.70M 18.04M 20.44M 20.50M 23.89M 23.98M
Adjusted Diluted Earnings per Share		 $1.85 $1.81 $2.05 $2.13 $2.52 $2.87 $2.70 $2.87 $3.60 $3.15 $3.30
Adjusted Weighted Average Diluted Shares Outstanding		 7.02M 8.46M 12.48M 12.67M 16.67M 16.70M 18.04M 20.44M 20.50M 23.89M 23.98M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $2.88 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 7.02M 8.46M 12.48M 12.67M 16.67M 16.70M 18.04M 20.44M 20.50M 23.89M 23.98M
Normalized Net Operating Profit after Tax (NOPAT)		 15 17 22 27 37 48 45 51 73 69 79
Normalized NOPAT Margin		 22.13% 21.64% 22.26% 21.62% 24.87% 26.39% 24.22% 21.68% 28.17% 24.60% 24.28%
Pre Tax Income Margin		 35.38% 33.72% 34.43% 33.81% 32.96% 34.82% 31.96% 28.12% 35.25% 31.55% 32.12%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 7.60 7.35 7.87 6.44 3.78 2.63 3.57 4.38 2.89 0.83 0.81
NOPAT to Interest Expense		 4.75 4.72 5.09 4.12 2.85 1.99 2.71 3.37 2.31 0.65 0.61
EBIT Less CapEx to Interest Expense		 7.24 6.85 7.74 6.24 3.54 2.46 3.42 4.13 2.73 0.79 0.77
NOPAT Less CapEx to Interest Expense		 4.39 4.22 4.96 3.92 2.61 1.82 2.56 3.13 2.15 0.61 0.57
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 45.19% 33.24% 30.05% 27.09% 24.02% 24.74% 28.31% 28.59% 24.44% 28.37% 28.35%
Augmented Payout Ratio		 56.59% 39.70% 30.05% 30.07% 24.40% 27.44% 28.78% 29.22% 24.91% 29.04% 29.19%

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 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 5.16% 6.32% 1.64% -5.40% 12.99% 23.96% 21.74% 28.02% 9.62% 7.68% 5.41%
EBITDA Growth		 -2.88% 3.57% 13.37% -7.84% -13.28% -2.47% 13.69% 28.25% 29.91% 14.80% 2.68%
EBIT Growth		 -4.40% 7.73% 17.11% -7.01% -12.28% -8.64% 8.16% 25.10% 23.81% 17.18% 4.48%
NOPAT Growth		 -2.11% 22.60% 15.43% -6.71% -15.73% -12.44% 6.90% 19.18% 28.87% 6.07% 8.14%
Net Income Growth		 -2.11% 22.60% 15.43% -6.71% -15.73% -12.44% 6.90% 19.18% 28.87% 6.07% 8.14%
EPS Growth		 -12.87% 6.38% 8.14% -6.98% -22.73% -26.00% -7.53% 2.50% 19.12% 9.46% 8.14%
Operating Cash Flow Growth		 -24.64% -49.54% -15.86% 543.88% -84.15% 149.46% 43.06% 34.27% 512.29% 32.67% 64.84%
Free Cash Flow Firm Growth		 32.26% -17,603.03% -1,394.43% 59.94% -232.63% 112.04% 149.66% 137.15% 117.31% -68.25% -95.45%
Invested Capital Growth		 11.28% 43.81% 46.24% 10.20% 29.74% -2.23% -13.83% -1.63% -2.44% 0.23% 0.81%
Revenue Q/Q Growth		 -0.52% -1.74% 2.74% -5.81% 18.82% 7.80% 0.91% -0.95% 1.74% 5.89% -1.22%
EBITDA Q/Q Growth		 1.37% 0.20% 4.16% -12.89% -4.62% 12.69% 21.42% -1.73% -3.39% -0.42% 8.60%
EBIT Q/Q Growth		 1.72% 1.48% 5.10% -14.28% -4.05% 5.68% 24.43% -0.85% -5.04% 0.02% 10.94%
NOPAT Q/Q Growth		 1.02% 15.05% -7.07% -13.62% -8.75% 19.54% 13.46% -3.70% -1.33% -1.61% 15.67%
Net Income Q/Q Growth		 1.02% 15.05% -7.07% -13.62% -8.75% 19.54% 13.46% -3.70% -1.33% -1.61% 15.67%
EPS Q/Q Growth		 2.33% 13.64% -7.00% -13.98% -15.00% 8.82% 16.22% -4.65% -1.22% 0.00% 14.81%
Operating Cash Flow Q/Q Growth		 949.06% -66.14% 75.59% -12.08% -69.69% 433.14% 0.69% -17.47% 38.21% 15.52% 25.11%
Free Cash Flow Firm Q/Q Growth		 67.13% -336.66% -16.95% 76.14% -172.96% 115.81% 382.30% -82.15% 27.21% -71.00% -30.93%
Invested Capital Q/Q Growth		 -14.20% 28.40% 11.58% -10.36% 1.02% -3.25% -1.65% 2.33% 0.19% -0.59% -1.08%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 41.82% 42.65% 43.24% 39.99% 32.10% 33.56% 40.38% 40.06% 38.04% 35.78% 39.33%
EBIT Margin		 35.91% 37.08% 37.93% 34.52% 27.88% 27.33% 33.70% 33.73% 31.49% 29.74% 33.40%
Profit (Net Income) Margin		 27.58% 32.29% 29.21% 26.78% 20.57% 22.81% 25.65% 24.93% 24.18% 22.47% 26.31%
Tax Burden Percent		 76.80% 87.08% 77.00% 77.59% 73.78% 83.46% 76.10% 73.92% 76.80% 75.54% 78.76%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 23.20% 12.92% 23.00% 22.41% 26.22% 16.54% 23.90% 26.08% 23.20% 24.46% 21.24%
Return on Invested Capital (ROIC)		 6.64% 6.88% 5.64% 5.02% 4.25% 4.51% 5.07% 5.47% 5.39% 5.20% 6.26%
ROIC Less NNEP Spread (ROIC-NNEP)		 6.64% 6.88% 5.64% 5.02% 4.25% 4.51% 5.07% 5.47% 5.39% 5.20% 6.26%
Return on Net Nonoperating Assets (RNNOA)		 4.82% 6.15% 5.80% 5.65% 3.89% 4.45% 5.28% 5.08% 4.27% 3.70% 4.12%
Return on Equity (ROE)		 11.46% 13.03% 11.44% 10.68% 8.14% 8.96% 10.35% 10.55% 9.66% 8.91% 10.38%
Cash Return on Invested Capital (CROIC)		 -4.16% -29.93% -31.95% -4.27% -20.31% 7.12% 19.57% 6.81% 7.91% 5.39% 5.01%
Operating Return on Assets (OROA)		 1.44% 1.51% 1.48% 1.33% 1.02% 1.07% 1.38% 1.47% 1.30% 1.28% 1.44%
Return on Assets (ROA)		 1.11% 1.31% 1.14% 1.03% 0.75% 0.89% 1.05% 1.09% 1.00% 0.97% 1.14%
Return on Common Equity (ROCE)		 11.46% 13.03% 11.43% 10.68% 8.14% 8.96% 10.34% 10.55% 9.66% 8.91% 10.38%
Return on Equity Simple (ROE_SIMPLE)		 11.51% 0.00% 11.41% 11.25% 9.69% 0.00% 8.80% 9.03% 9.06% 0.00% 9.25%
Net Operating Profit after Tax (NOPAT)		 18 21 19 17 15 18 21 20 19 19 22
NOPAT Margin		 27.58% 32.29% 29.21% 26.78% 20.57% 22.81% 25.65% 24.93% 24.18% 22.47% 26.31%
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% 0.00%
SG&A Expenses to Revenue		 48.46% 47.65% 49.84% 49.29% 45.06% 48.69% 48.62% 48.60% 50.21% 47.06% 48.75%
Operating Expenses to Revenue		 63.87% 61.66% 63.31% 64.74% 64.08% 71.97% 66.75% 64.90% 66.94% 65.99% 64.64%
Earnings before Interest and Taxes (EBIT)		 23 24 25 21 20 22 27 27 25 25 28
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 27 27 28 25 24 27 32 32 31 31 33
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.03 0.97 0.81 0.72 0.72 1.01 0.97 0.96 1.08 1.03 0.96
Price to Tangible Book Value (P/TBV)		 1.43 1.33 1.08 0.99 1.13 1.51 1.43 1.40 1.57 1.50 1.37
Price to Revenue (P/Rev)		 2.41 2.37 2.05 1.86 2.00 2.85 2.62 2.50 2.92 2.69 2.54
Price to Earnings (P/E)		 8.91 8.43 7.06 6.43 7.42 11.60 10.96 10.63 11.96 11.09 10.39
Dividend Yield		 2.96% 2.99% 3.50% 3.95% 3.56% 2.74% 2.85% 2.82% 2.39% 2.57% 2.72%
Earnings Yield		 11.23% 11.86% 14.17% 15.55% 13.48% 8.62% 9.12% 9.41% 8.36% 9.02% 9.63%
Enterprise Value to Invested Capital (EV/IC)		 0.87 0.88 0.91 0.75 0.59 0.90 0.72 0.81 0.93 0.93 0.83
Enterprise Value to Revenue (EV/Rev)		 3.80 4.87 5.58 4.19 3.23 4.51 3.37 3.65 4.13 4.03 3.50
Enterprise Value to EBITDA (EV/EBITDA)		 9.19 11.86 13.23 9.99 8.23 12.23 9.25 9.97 10.86 10.45 9.14
Enterprise Value to EBIT (EV/EBIT)		 10.82 13.82 15.29 11.52 9.46 14.29 10.96 11.88 13.08 12.53 10.91
Enterprise Value to NOPAT (EV/NOPAT)		 14.02 17.29 19.22 14.47 11.97 18.33 14.11 15.50 16.93 16.59 14.29
Enterprise Value to Operating Cash Flow (EV/OCF)		 12.56 19.16 23.41 12.82 15.52 17.45 12.21 13.04 11.45 10.52 8.04
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 12.51 3.40 11.76 11.64 17.30 16.60
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.86 1.26 1.42 1.17 0.96 0.77 0.73 0.73 0.65 0.66 0.60
Long-Term Debt to Equity		 0.48 0.91 1.07 0.85 0.67 0.50 0.46 0.48 0.41 0.42 0.34
Financial Leverage		 0.73 0.89 1.03 1.13 0.92 0.99 1.04 0.93 0.79 0.71 0.66
Leverage Ratio		 10.34 9.92 10.02 10.38 10.84 10.05 9.84 9.69 9.66 9.21 9.14
Compound Leverage Factor		 10.34 9.92 10.02 10.38 10.84 10.05 9.84 9.69 9.66 9.21 9.14
Debt to Total Capital		 46.20% 55.83% 58.62% 53.92% 49.06% 43.40% 42.11% 42.32% 39.25% 39.75% 37.32%
Short-Term Debt to Total Capital		 20.22% 15.45% 14.30% 14.59% 14.84% 15.25% 15.29% 14.60% 14.46% 14.53% 15.82%
Long-Term Debt to Total Capital		 25.98% 40.39% 44.33% 39.34% 34.21% 28.16% 26.82% 27.72% 24.79% 25.22% 21.51%
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% 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% 0.00%
Common Equity to Total Capital		 53.80% 44.17% 41.32% 46.08% 50.94% 56.60% 57.89% 57.68% 60.75% 60.25% 62.68%
Debt to EBITDA		 4.89 7.53 8.55 7.19 6.83 5.89 5.41 5.23 4.57 4.46 4.12
Net Debt to EBITDA		 3.35 6.08 8.37 5.55 3.13 4.49 2.06 3.13 3.19 3.46 2.50
Long-Term Debt to EBITDA		 2.75 5.44 6.46 5.24 4.77 3.82 3.45 3.42 2.89 2.83 2.37
Debt to NOPAT		 7.46 10.97 12.42 10.40 9.94 8.82 8.26 8.13 7.13 7.08 6.44
Net Debt to NOPAT		 5.11 8.86 12.17 8.04 4.55 6.73 3.15 4.87 4.97 5.50 3.91
Long-Term Debt to NOPAT		 4.20 7.94 9.39 7.59 6.93 5.72 5.26 5.32 4.50 4.49 3.71
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.07% 0.00% 0.00% 0.00% 0.07% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -95 -416 -487 -116 -317 50 242 43 55 16 11
Operating Cash Flow to CapEx		 3,065.44% 1,009.08% 2,157.81% 1,846.23% 486.16% 4,667.96% 1,962.70% 2,149.96% 2,990.16% 3,081.64% 0.00%
Free Cash Flow to Firm to Interest Expense		 -11.21 -27.67 -23.76 -4.89 -10.57 1.54 7.50 1.35 1.63 0.52 0.39
Operating Cash Flow to Interest Expense		 4.02 0.77 0.99 0.75 0.18 0.89 0.90 0.75 0.98 1.24 1.70
Operating Cash Flow Less CapEx to Interest Expense		 3.89 0.69 0.95 0.71 0.14 0.87 0.86 0.72 0.95 1.20 1.76
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04
Fixed Asset Turnover		 2.96 3.01 2.90 2.84 2.75 2.92 3.07 3.26 3.13 3.22 3.31
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 1,116 1,434 1,600 1,434 1,449 1,402 1,378 1,411 1,413 1,405 1,390
Invested Capital Turnover		 0.24 0.21 0.19 0.19 0.21 0.20 0.20 0.22 0.22 0.23 0.24
Increase / (Decrease) in Invested Capital		 113 437 506 133 332 -32 -221 -23 -35 3.26 11
Enterprise Value (EV)		 969 1,261 1,452 1,075 856 1,263 991 1,138 1,317 1,309 1,152
Market Capitalization		 616 615 533 478 530 800 770 781 930 875 837
Book Value per Share		 $29.37 $30.94 $32.24 $32.18 $35.93 $33.27 $33.40 $34.05 $35.91 $35.40 $36.32
Tangible Book Value per Share		 $21.01 $22.64 $24.03 $23.48 $22.89 $22.19 $22.49 $23.28 $24.82 $24.44 $25.53
Total Capital		 1,116 1,434 1,600 1,434 1,449 1,402 1,378 1,411 1,413 1,405 1,390
Total Debt		 516 800 938 773 711 608 580 597 555 558 519
Total Long-Term Debt		 290 579 709 564 496 395 370 391 350 354 299
Net Debt		 353 646 919 597 325 464 221 358 387 434 315
Capital Expenditures (CapEx)		 1.11 1.15 0.94 0.97 1.11 0.62 1.48 1.12 1.11 1.24 -1.57
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 516 800 938 773 711 608 580 597 555 558 519
Total Depreciation and Amortization (D&A)		 3.85 3.56 3.49 3.38 3.10 4.93 5.34 5.01 5.28 5.15 5.00
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.88 $1.01 $0.94 $0.81 $0.68 $0.74 $0.86 $0.83 $0.81 $0.81 $0.93
Adjusted Weighted Average Basic Shares Outstanding		 20.46M 20.50M 20.53M 20.54M 23.84M 23.89M 23.90M 23.91M 23.91M 23.98M 23.99M
Adjusted Diluted Earnings per Share		 $0.88 $1.00 $0.93 $0.80 $0.68 $0.74 $0.86 $0.82 $0.81 $0.81 $0.93
Adjusted Weighted Average Diluted Shares Outstanding		 20.46M 20.50M 20.53M 20.54M 23.84M 23.89M 23.90M 23.91M 23.91M 23.98M 23.99M
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		 20.46M 20.50M 20.53M 20.54M 23.84M 23.89M 23.90M 23.91M 23.91M 23.98M 23.99M
Normalized Net Operating Profit after Tax (NOPAT)		 18 21 19 17 15 18 21 20 19 19 22
Normalized NOPAT Margin		 27.58% 32.29% 29.21% 26.78% 20.57% 22.81% 25.65% 24.93% 24.18% 22.47% 26.31%
Pre Tax Income Margin		 35.91% 37.08% 37.93% 34.52% 27.88% 27.33% 33.70% 33.73% 31.49% 29.74% 33.40%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 2.75 1.58 1.22 0.90 0.68 0.67 0.84 0.84 0.75 0.82 1.00
NOPAT to Interest Expense		 2.11 1.37 0.94 0.70 0.50 0.56 0.64 0.62 0.58 0.62 0.79
EBIT Less CapEx to Interest Expense		 2.62 1.50 1.17 0.86 0.65 0.65 0.79 0.80 0.72 0.78 1.06
NOPAT Less CapEx to Interest Expense		 1.98 1.30 0.89 0.66 0.47 0.54 0.59 0.58 0.55 0.58 0.84
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 24.74% 24.44% 24.57% 25.26% 26.27% 28.37% 28.94% 28.74% 28.43% 28.35% 28.09%
Augmented Payout Ratio		 25.23% 24.91% 25.01% 25.70% 26.74% 29.04% 29.59% 29.37% 29.02% 29.19% 28.09%

Key Financial Trends

The financial results for First Mid Bancshares (NASDAQ: FMBH) over the last four years through Q1 2025 demonstrate steady earnings growth, solid operating cash flows, consistent dividend payments, and a stable balance sheet. Here’s a breakdown of key trends from the income statements, cash flow statements, and balance sheets:

  • Net Income Growth: The quarterly net income steadily rose from around $17.6 million in Q2 2022 to about $22.2 million in Q1 2025, with earnings per share increasing from $0.81 to $0.93 over that period. This reflects overall improved profitability.
  • Consistent Earnings Per Share (EPS): EPS has shown reliable growth with quarterly diluted EPS climbing from $0.80-$0.81 in 2022 to $0.93 in Q1 2025, indicating effective earnings generation and share management.
  • Growing Net Interest Income: Net interest income has increased from about $42 million in early 2022 to nearly $59 million in recent quarters, driven by higher loan interest income, signaling strength in core lending operations.
  • Solid Operating Cash Flow: Net cash provided by continuing operating activities increased steadily from $17.9 million in Q2 2022 to $47.9 million in Q1 2025, underscoring strong cash-generating ability.
  • Stable Dividend Payments: The company consistently paid quarterly dividends of approximately $0.22-$0.24 per share over the period, signaling steady shareholder return policy.
  • Assets and Equity Growth: Total assets rose from about $6.6 billion in 2022 to approximately $7.6 billion by Q1 2025, supported by an increase in deposits and equity, reflecting scale expansion and capitalization improvement.
  • Moderate Increase in Non-Interest Expenses: Operating expenses such as salaries, occupancy, and other operating costs have increased moderately over the four years, consistent with business growth but requiring monitoring.
  • Credit Loss Provisions Fluctuate: Provision for credit losses varied across quarters, with some increases indicating loan portfolio risk management but also reflecting economic conditions. For example, a charge of $1.65 million in Q1 2025 versus a reversal in Q1 2024.
  • Investment Securities Activity: Purchase and sale of investment securities show considerable activity quarter to quarter, sometimes resulting in realized and unrealized capital losses or gains, impacting non-interest income volatility.
  • Rising Interest Expense: Total interest expense has increased over time, from $4.5 million in Q2 2022 to $28.1 million in Q1 2025, which could compress net interest margins if not managed, mainly driven by higher deposits and long-term debt costs.

In summary, First Mid Bancshares shows a positive trajectory in core earnings, asset growth, and cash flow generation. The increase in interest expense and operating expenses is consistent with business expansion but will require ongoing management to maintain profitability. Investors should note the company's steady dividend record and healthy balance sheet as factors supporting stability.

09/10/25 03:34 PM ETAI Generated. May Contain Errors.

Financials Breakdown Chart

Frequently Asked Questions About First Mid Bancshares' Financials

When does First Mid Bancshares' financial year end?

According to the most recent income statement we have on file, First Mid Bancshares' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has First Mid Bancshares' net income changed over the last 10 years?

First Mid Bancshares' net income appears to be on an upward trend, with a most recent value of $78.90 million in 2024, rising from $15.46 million in 2014. The previous period was $68.94 million in 2023. See where experts think First Mid Bancshares is headed by visiting First Mid Bancshares' forecast page.

How has First Mid Bancshares' revenue changed over the last 10 years?

Over the last 10 years, First Mid Bancshares' total revenue changed from $69.85 million in 2014 to $325.01 million in 2024, a change of 365.3%.

How much debt does First Mid Bancshares have?

First Mid Bancshares' total liabilities were at $6.67 billion at the end of 2024, a 1.8% decrease from 2023, and a 362.7% increase since 2014.

How much cash does First Mid Bancshares have?

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 $92.11 million as of their latest financial filing in 2024.

How has First Mid Bancshares' book value per share changed over the last 10 years?

Over the last 10 years, First Mid Bancshares' book value per share changed from 23.41 in 2014 to 35.40 in 2024, a change of 51.2%.


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This page (NASDAQ:FMBH) was last updated on 9/10/2025 by MarketBeat.com Staff
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