First Mid Bancshares, Inc. (FMBH) Balance Sheet
FMBH balance sheet, 2025
December 31, 2025 · U.S. dollars$7.97B assets = $7.01B liabilities + $958.7M equity
Both columns are drawn to the same scale: what FMBH owns equals what it owes plus shareholders’ equity. Hover a block for its value.
FMBH financial health
Descriptive bands, not a rating. Fiscal 2025.
FMBH balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $2.88B2016 | $7.97B2025 | +11.9%/yr | |
| Total liabilities | $2.60B2016 | $7.01B2025 | +11.6%/yr | |
| Shareholders’ equity | $280.7M2016 | $958.7M2025 | +14.6%/yr | |
| Cash & short-term investments | $771.5M2016 | $1.09B2025 | +3.9%/yr | |
| Total debt | $236.7M2016 | $564.4M2025 | +10.1%/yr | |
| Net cash (debt) | $534.8M2016 | $520.7M2025 | −$14.1M | |
| Working capital | $2.08B2016 | −$5.47B2025 | −$7.6B | |
| Book value per share | $26.352016 | $39.972025 | +4.7%/yr | |
| Debt / equity | 0.842016 | 0.592025 | −0.25 | |
| Shares outstanding | 10.7M2016 | 24.0M2025 | +9.4%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
FMBH assets
FMBH liabilities and equity
FMBH debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
FMBH balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $1.09B | $1.19B | −$143.1M | $1.37B | $1.59B | $1.30B | $835.6M | $880.6M | $668.7M | $771.5M |
| Cash & equivalents | $256.6M | $124.6M | −$143.1M | $146.3M | $168.6M | $417.3M | $85.1M | $141.4M | $88.9M | $175.9M |
| Short-term investments | $828.5M | $1.06B | $1.17B | $1.22B | $1.42B | $879.2M | $750.6M | $732.3M | $578.6M | $619.8M |
| Receivables | $39.9M | $38.6M | $35.1M | $28.4M | $19.9M | $19.3M | $15.6M | $16.9M | $10.8M | $10.6M |
| Inventory | $0 | $0 | $108.0M | −$186.5M | −$195.9M | −$441.8M | −$108.9M | $2.5M | $2.8M | $2.0M |
| Other current assets | $0 | $0 | $143.1M | $186.5M | $195.9M | $441.8M | $108.9M | $1.98B | $1.40B | $1.30B |
| Total current assets | $1.13B | $1.23B | $143.1M | $1.39B | $1.61B | $1.32B | $851.2M | $2.88B | $2.08B | $2.08B |
| Property, plant & equipment (net) | $103.5M | $114.1M | $101.4M | $106.2M | $81.5M | $58.2M | $59.5M | $59.1M | $38.3M | $40.3M |
| Goodwill & intangible assets | $253.0M | $261.9M | $460.7M | $169.9M | $141.4M | $128.1M | $133.3M | $139.1M | $70.8M | $70.6M |
| Long-term investments | $1.08B | $1.07B | $1.18B | $1.22B | $1.43B | $886.2M | $2.74B | $2.69B | $1.99B | $1.88B |
| Other non-current assets | $5.40B | $4.85B | $5.70B | $3.85B | $2.72B | $2.34B | $57.5M | $0 | $0 | $0 |
| Total assets | $7.97B | $7.52B | $7.59B | $6.74B | $5.99B | $4.73B | $3.84B | $3.84B | $2.84B | $2.88B |
| Liabilities | ||||||||||
| Accounts payable | $5.8M | $5.3M | $5.4M | $3.3M | $1.3M | $2.3M | $2.3M | $1.8M | $602,000 | $535,000 |
| Short-term debt | $196.7M | $204.1M | $213.7M | $221.4M | $173.8M | $228.6M | $249.6M | $248.3M | $180.4M | $194.8M |
| Deferred revenue | — | — | −$5.4M | −$396.1M | −$172.5M | −$226.2M | −$247.3M | −$246.6M | −$179.8M | −$194.2M |
| Total current liabilities | $6.60B | $6.27B | $4.58B | $5.48B | $1.3M | $2.3M | $2.3M | $1.8M | $602,000 | $535,000 |
| Long-term debt | $354.5M | $354.3M | $394.6M | $113.9M | $113.6M | $113.3M | $23.9M | $36.7M | $34.3M | $42.0M |
| Lease obligations | $13.2M | $14.2M | $14.6M | $16.0M | $15.3M | $17.4M | $17.0M | — | — | — |
| Other long-term liabilities | $55.7M | $52.6M | $1.82B | $515.4M | $86.4M | $94.0M | $113.9M | $119.7M | $60.0M | $40.1M |
| Total liabilities | $7.01B | $6.67B | $6.79B | $6.11B | $5.35B | $4.16B | $3.31B | $3.36B | $2.53B | $2.60B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $100.7M | $100.3M | $99.9M | $86.4M | $76.8M | $71.4M | $71.2M | $70.9M | $54.9M | $54.1M |
| Retained earnings (deficit) | $463.5M | $395.2M | $338.7M | $289.3M | $234.2M | $197.7M | $166.7M | $131.4M | $104.7M | $86.2M |
| Treasury stock | — | — | — | — | — | — | −$18.3M | −$16.6M | −$16.5M | −$15.7M |
| Accumulated other comprehensive income | −$101.3M | −$142.4M | −$133.8M | −$151.5M | −$831,000 | $17.1M | $8.4M | −$6.5M | −$2.3M | −$5.8M |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $958.7M | $846.4M | $793.2M | $633.2M | $633.9M | $568.2M | $526.6M | $475.9M | $308.0M | $280.7M |
| Key figures | ||||||||||
| Total debt | $564.4M | $572.6M | $608.3M | $816.4M | $287.4M | $341.8M | $273.4M | $285.1M | $214.7M | $236.7M |
| Net cash (debt) | $520.7M | $615.3M | −$751.4M | $548.8M | $1.30B | $954.7M | $562.2M | $595.5M | $454.0M | $534.8M |
| Working capital | −$5.47B | −$5.04B | −$4.44B | −$4.09B | $1.61B | $1.31B | $849.0M | $2.88B | $2.08B | $2.08B |
| Tangible book value | $705.7M | $584.5M | $332.5M | $463.3M | $492.5M | $440.1M | $393.4M | $336.8M | $237.1M | $210.1M |
| Book value per share | $39.97 | $35.42 | $36.27 | $31.28 | $35.34 | $33.90 | $31.52 | $32.82 | $24.57 | $26.35 |
| Shares outstanding | 24.0M | 23.9M | 21.9M | 20.2M | 17.9M | 16.8M | 16.7M | 14.5M | 12.5M | 10.7M |
| Current ratio | 0.17 | 0.20 | 0.03 | 0.25 | 1,196.06 | 561.11 | 376.48 | 1,638.12 | 3,462.68 | 3,886.99 |
| Quick ratio | 0.17 | 0.20 | −0.02 | 0.25 | 1,196.06 | 561.11 | 376.48 | 510.50 | 1,128.71 | 1,461.77 |
| Debt / equity | 0.59 | 0.68 | 0.77 | 1.29 | 0.45 | 0.60 | 0.52 | 0.60 | 0.70 | 0.84 |
| Equity / assets | 12.0% | 11.3% | 10.5% | 9.4% | 10.6% | 12.0% | 13.7% | 12.4% | 10.8% | 9.7% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $1.59B | $689.5M | $1.09B | $497.1M | $436.8M | $453.5M | $1.19B | $1.28B | $1.35B | $1.50B | $1.32B | $1.60B |
| Cash & equivalents | $303.9M | $479.1M | $256.6M | $278.1M | $192.0M | $203.9M | $124.6M | $167.7M | $239.2M | $359.4M | $143.1M | $376.7M |
| Short-term investments | $1.29B | $210.4M | $828.5M | $219.0M | $244.8M | $249.6M | $1.06B | $1.12B | $1.11B | $1.14B | $1.18B | $1.22B |
| Receivables | $46.8M | $46.8M | $39.9M | $92.4M | $96.7M | $95.3M | $38.6M | $38.4M | $37.3M | $37.7M | $35.1M | $36.5M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | −$202.6M | −$1.39B | −$393.4M | −$1.36B | −$460.4M |
| Other current assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $202.6M | $1.39B | $393.4M | $1.32B | $460.4M |
| Total current assets | $1.64B | $736.3M | $1.13B | $589.5M | $533.5M | $548.9M | $1.23B | $1.32B | $1.39B | $1.54B | $1.32B | $1.63B |
| Property, plant & equipment (net) | $101.9M | $115.3M | $103.5M | $94.7M | $110.9M | $111.3M | $114.1M | $116.0M | $116.6M | $116.0M | $101.4M | $116.2M |
| Goodwill & intangible assets | $273.5M | $277.3M | $253.0M | $255.2M | $255.5M | $258.7M | $261.9M | $265.1M | $257.4M | $260.7M | $460.7M | $267.8M |
| Long-term investments | $1.29B | $1.18B | $1.08B | $1.10B | $1.08B | $1.05B | $1.07B | $1.12B | $1.12B | $1.15B | $1.18B | $1.23B |
| Other non-current assets | $5.91B | $6.98B | $5.40B | $5.79B | $5.70B | $5.61B | $4.85B | $4.74B | $4.70B | $4.62B | $4.52B | $4.61B |
| Total assets | $9.21B | $9.29B | $7.97B | $7.83B | $7.68B | $7.57B | $7.52B | $7.56B | $7.58B | $7.68B | $7.59B | $7.86B |
| Liabilities | ||||||||||||
| Accounts payable | $6.6M | $6.6M | $5.8M | $7.9M | $6.7M | $6.6M | $5.3M | $6.5M | $5.4M | $6.3M | $5.4M | $6.7M |
| Short-term debt | $256.5M | $256.5M | $196.7M | $200.5M | $193.9M | $219.8M | $204.1M | $204.3M | $206.0M | $210.7M | $213.7M | $215.0M |
| Deferred revenue | — | — | — | — | — | — | — | — | −$5.4M | −$6.3M | −$5.4M | −$259.1M |
| Total current liabilities | $7.72B | $7.82B | $6.60B | $6.50B | $6.39B | $6.36B | $6.27B | $6.30B | $6.33B | $6.46B | $4.58B | $6.57B |
| Long-term debt | $276.3M | $341.5M | $354.5M | $349.1M | $349.0M | $298.9M | $354.3M | $350.3M | $390.9M | $369.7M | $394.6M | $495.6M |
| Lease obligations | $13.2M | $14.0M | $13.2M | $13.9M | $13.6M | $14.3M | $14.2M | $14.9M | $15.3M | $14.6M | $14.6M | $14.5M |
| Other long-term liabilities | $114.3M | $49.1M | $55.7M | $51.2M | $46.5M | $46.1M | $52.6M | $54.0M | $49.3M | $50.6M | $1.82B | $53.7M |
| Total liabilities | $8.11B | $8.21B | $7.01B | $6.90B | $6.79B | $6.70B | $6.67B | $6.70B | $6.77B | $6.88B | $6.79B | $7.12B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $111.2M | $111.2M | $100.7M | $100.7M | $100.6M | $100.6M | $100.3M | $100.2M | $100.2M | $100.2M | $99.9M | $99.9M |
| Retained earnings (deficit) | $509.0M | $483.9M | $463.5M | $445.8M | $429.3M | $411.6M | $395.2M | $381.7M | $368.0M | $353.7M | $338.7M | $326.1M |
| Accumulated other comprehensive income | −$108.7M | −$108.7M | −$101.3M | −$110.0M | −$130.7M | −$135.3M | −$142.4M | −$116.7M | −$147.0M | −$147.7M | −$133.8M | −$178.9M |
| Total shareholders' equity | $1.10B | $1.08B | $958.7M | $932.2M | $894.1M | $870.9M | $846.4M | $858.5M | $813.6M | $798.0M | $793.2M | $737.9M |
| Key figures | ||||||||||||
| Total debt | $612.0M | $612.0M | $564.4M | $563.4M | $556.5M | $532.9M | $572.6M | $569.5M | $612.2M | $595.1M | $608.3M | $725.1M |
| Net cash (debt) | $982.5M | $77.6M | $520.7M | −$66.3M | −$119.7M | −$79.4M | $615.3M | $713.7M | $737.7M | $903.8M | $714.1M | $870.3M |
| Working capital | −$6.08B | −$7.09B | −$5.47B | −$5.91B | −$5.86B | −$5.81B | −$5.04B | −$4.98B | −$4.94B | −$4.92B | −$3.26B | −$4.94B |
| Tangible book value | $828.3M | $799.3M | $705.7M | $677.0M | $638.6M | $612.3M | $584.5M | $593.4M | $556.3M | $537.3M | $332.5M | $470.2M |
| Book value per share | $41.41 | $43.25 | $39.95 | $38.87 | $37.27 | $36.35 | $35.40 | $35.76 | $33.90 | $33.30 | $33.16 | $33.06 |
| Shares outstanding | 26.6M | 24.9M | 24.0M | 24.0M | 24.0M | 24.0M | 23.9M | 24.0M | 24.0M | 24.0M | 23.9M | 22.3M |
| Current ratio | 0.21 | 0.09 | 0.17 | 0.09 | 0.08 | 0.09 | 0.20 | 0.21 | 0.22 | 0.24 | 0.29 | 0.25 |
| Quick ratio | 0.21 | 0.09 | 0.17 | 0.09 | 0.08 | 0.09 | 0.20 | 0.21 | 0.22 | 0.24 | 0.30 | 0.25 |
| Debt / equity | 0.56 | 0.57 | 0.59 | 0.60 | 0.62 | 0.61 | 0.68 | 0.66 | 0.75 | 0.75 | 0.77 | 0.98 |
| Equity / assets | 12.0% | 11.6% | 12.0% | 11.9% | 11.6% | 11.5% | 11.3% | 11.4% | 10.7% | 10.4% | 10.5% | 9.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 27, 2026); data from EODHD.
FMBH financial position
At the end of fiscal 2025 (December 31, 2025), First Mid Bancshares had total assets of $8.0 billion (up 5.9% from a year earlier), total liabilities of $7.0 billion and shareholders' equity of $958.7 million. It held $1.1 billion in cash and short-term investments against $564.4 million of debt, a net cash position of $520.7 million. Its current ratio was 0.17. In the latest quarter (ended June 30, 2026) total assets were $9.2 billion and equity $1.1 billion.
Related: FMBH income statement, FMBH cash flow statement, FMBH key metrics. See the FMBH stock overview for the latest quote and news.
FMBH balance sheet FAQ
What are First Mid Bancshares's total assets?
First Mid Bancshares reported total assets of $8.0 billion at the end of fiscal 2025 (December 31, 2025), compared with $7.5 billion a year earlier.
How much debt does First Mid Bancshares have?
First Mid Bancshares had $564.4 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.59.
How much cash does First Mid Bancshares have?
First Mid Bancshares held $1.1 billion in cash and short-term investments at the end of fiscal 2025; with $564.4 million of debt that is net cash of $520.7 million.
What is First Mid Bancshares's book value?
First Mid Bancshares's shareholders' equity (book value) was $958.7 million at the end of fiscal 2025, or $39.97 per share.
What is First Mid Bancshares's current ratio?
First Mid Bancshares had current assets of $1.1 billion and current liabilities of $6.6 billion, a current ratio of 0.17 (current liabilities exceed current assets).
How much goodwill does First Mid Bancshares have?
First Mid Bancshares carried $253.0 million of goodwill and intangible assets, 3.2% of total assets, at the end of fiscal 2025.