First Mid Bancshares, Inc. (FMBH) AI Stock Analysis

Established in 1865 and headquartered in Mattoon, Illinois, First Mid Bancshares, Inc. provides community banking services to commercial, retail, and agricultural clients across a network of 52 banking centers. Its deposit offerings include demand deposits, savings accounts, money market deposits, and time deposits. The firm maintains a diverse lending portfolio covering commercial real estate, commercial and industrial, agricultural and agricultural real estate, residential real estate, consumer loans, and municipal lending. Beyond core banking, First Mid Bancshares offers wealth management solutions such as estate planning, investment management, farm management, and brokerage services, alongside employee benefit plans and insurance products.

Between FY2020 and FY2025, First Mid Bancshares achieved a 5-year revenue CAGR of 18.3%. Revenue increased from $249.7M in FY2021 to $447.3M in FY2024 and reached $466.0M in FY2025, up 4.2% year-over-year. Net income expanded from $51.5M in FY2021 to $91.7M in FY2025, delivering an annual net margin of 19.7% and EPS of $3.95. In the trailing twelve months, revenue reached $373.4M with a profit margin of 26.9% and an operating margin of 38.8%. In the latest quarter ended June 30, 2026, quarterly revenue increased 26.0% year-over-year, while quarterly earnings grew 6.1%.

As of June 30, 2026, First Mid Bancshares held $1.59B in cash and short-term investments against total debt of $612.0M, resulting in net cash of $982.5M. Shareholders' equity was $1.10B, and total assets stood at $9.21B. The debt-to-equity ratio was 0.56, and the current ratio was 0.21. In FY2025, the company generated $130.9M in operating cash flow and $124.0M in free cash flow. Capital expenditures totaled $6.8M, share buybacks were $724,000, and dividends paid were $23.4M.

First Mid Bancshares trades at a trailing P/E of 12.3x and a forward P/E of 12.0x, compared to the median of its US-listed Financial Services peers of 12.1x trailing and 10.8x forward. Its price-to-sales ratio is 3.5x versus the peer median of 3.2x, while price-to-book is 1.2x. Over the past year, the stock returned 45.5%, outperforming the S&P 500 (SPY) return of 16.8%. Over a 5-year period, its return of 34.4% trailed the S&P 500 return of 83.0%.

First Mid Bancshares pays a quarterly dividend with an annualized forward rate of $1.04 per share, translating to a dividend yield of 2.09%. Its payout ratio is 22.9%, and the company has paid dividends for 30 consecutive years. The annualized 5-year dividend growth rate is 3.9%, and the last ex-dividend date was August 18, 2026.

Wall Street coverage includes 2 Strong Buy, 2 Buy, and 3 Hold ratings, with no Sell or Strong Sell ratings. The mean price target is $56.36, representing a 13.3% premium over the last close of $49.73. For the fiscal year ending December 31, 2026, consensus estimates project EPS of $4.74 and revenue of $315.1M. Over the last four quarters, the firm posted 2 EPS beats. The next earnings date is October 29, 2026.

This page is an AI-written research summary of First Mid Bancshares, Inc. (FMBH). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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