First Mid Bancshares, Inc. (FMBH) Income Statement
FMBH 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsFMBH revenue and net income
Where FMBH's revenue goes
2025Each bar shows an amount and its share of revenue. FMBH kept 19.7% of revenue as net income.
FMBH profit margins
FMBH growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +4.2% | +17.6% | +18.3% | +19.3% |
| Gross profit | +8.4% | +10.7% | +15.0% | +16.3% |
| Operating income | +12.1% | +8.6% | +14.4% | +16.4% |
| Net income | +16.3% | +7.9% | +15.2% | +18.7% |
| EPS (diluted) | +13.8% | +1.6% | +7.7% | +8.1% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
FMBH quarterly EPS vs estimates
First Mid Bancshares beat the analyst EPS estimate in 6 of the last 8 quarters. Next report: October 29, 2026 (estimate $1.15).
FMBH income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $466.0M | $447.3M | $300.2M | $286.3M | $249.7M | $201.4M | $202.2M | $157.0M | $127.5M | $100.4M |
| Cost of revenue | $126.7M | $134.3M | $86.8M | $36.4M | $30.4M | $32.8M | $30.5M | $21.5M | $13.9M | $7.1M |
| Gross profit | $339.3M | $313.0M | $300.2M | $249.9M | $219.3M | $168.5M | $171.8M | $135.5M | $113.6M | $93.3M |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $171.2M | $131.0M | $111.3M | $103.4M | $94.9M | $69.4M | $64.8M | $49.7M | $42.0M | $35.2M |
| Total operating expenses | $222.2M | $208.6M | $3.0M | $158.6M | $152.5M | $108.8M | $108.5M | $87.0M | $71.8M | $59.5M |
| Operating income | $117.0M | $104.4M | $88.4M | $91.3M | $66.8M | $59.7M | $63.3M | $48.5M | $41.7M | $33.8M |
| Interest income | $373.0M | $357.4M | $300.2M | $215.9M | $183.0M | $144.1M | $149.7M | $124.6M | $99.6M | $75.5M |
| Interest expense | $116.8M | $128.7M | $106.7M | $31.6M | $15.3M | $16.7M | $24.0M | $12.8M | $6.5M | $4.3M |
| Income before taxes | $117.0M | $104.4M | $88.4M | $91.3M | $66.8M | $59.7M | $63.3M | $48.5M | $41.7M | $33.8M |
| Income taxes | $25.3M | $25.5M | $19.5M | $18.3M | $15.3M | $14.5M | $15.3M | $11.9M | $15.0M | $11.9M |
| Net income | $91.7M | $78.9M | $68.9M | $73.0M | $51.5M | $45.3M | $47.9M | $36.6M | $26.7M | $21.8M |
| EBITDA | $136.8M | $125.2M | $88.4M | $106.4M | $81.2M | $71.5M | $74.1M | $56.4M | $49.9M | $41.7M |
| EPS (diluted) | $3.95 | $3.47 | $3.50 | $3.77 | $3.88 | $2.72 | $2.99 | $2.59 | $2.25 | $2.05 |
| Gross margin | 72.8% | 70.0% | 100.0% | 87.3% | 87.8% | 83.7% | 84.9% | 86.3% | 89.1% | 92.9% |
| Operating margin | 25.1% | 23.3% | 29.5% | 31.9% | 26.8% | 29.7% | 31.3% | 30.9% | 32.7% | 33.6% |
| Net margin | 19.7% | 17.6% | 23.0% | 25.5% | 20.6% | 22.5% | 23.7% | 23.3% | 20.9% | 21.7% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $114.9M | $100.6M | $117.6M | $122.3M | $115.8M | $110.6M | $114.2M | $112.3M | $109.8M | $111.0M | $110.4M | $101.7M |
| Cost of revenue | $35.2M | $29.8M | $31.7M | $61.9M | $32.1M | $29.8M | $34.5M | $34.9M | $33.0M | $31.8M | $33.0M | $35.9M |
| Gross profit | $79.7M | $70.8M | $85.9M | $60.4M | $83.7M | $80.8M | $79.6M | $77.4M | $76.8M | $79.1M | $77.3M | $65.8M |
| Sales, general & admin | $70.6M | $58.2M | $46.7M | $31.6M | $35.3M | $33.4M | $33.7M | $33.2M | $31.9M | $32.2M | $31.6M | $27.0M |
| Total operating expenses | $72.2M | $63.3M | $55.9M | $31.6M | $53.6M | $52.6M | $54.3M | $52.1M | $50.1M | $52.2M | $55.7M | $45.3M |
| Operating income | $7.5M | $7.5M | $30.0M | $28.8M | $30.1M | $28.1M | $25.4M | $25.4M | $26.7M | $26.9M | $21.7M | $20.5M |
| Interest income | $114.9M | $100.6M | $95.9M | $96.1M | $93.4M | $87.6M | $89.8M | $91.2M | $88.7M | $87.7M | $89.9M | $80.4M |
| Interest expense | $35.2M | $29.8M | $29.4M | $29.8M | $29.5M | $28.1M | $30.9M | $33.6M | $31.9M | $32.2M | $32.5M | $30.0M |
| Income before taxes | $36.3M | $33.9M | $30.0M | $28.8M | $30.1M | $28.1M | $25.4M | $25.4M | $26.7M | $26.9M | $21.7M | $20.5M |
| Income taxes | $8.5M | $7.6M | $6.3M | $6.3M | $6.7M | $6.0M | $6.2M | $5.9M | $7.0M | $6.4M | $3.6M | $5.4M |
| Net income | $27.8M | $26.3M | $23.7M | $22.5M | $23.4M | $22.2M | $19.2M | $19.5M | $19.7M | $20.5M | $18.1M | $15.1M |
| EBITDA | $13.2M | $12.8M | $34.9M | $33.8M | $35.0M | $33.1M | $30.5M | $30.6M | $31.7M | $32.3M | $26.6M | $23.6M |
| EPS (diluted) | $1.26 | $1.14 | $1.06 | $0.94 | $0.99 | $0.96 | $0.87 | $0.83 | $0.84 | $0.93 | $0.94 | $0.77 |
| Gross margin | 69.3% | 70.3% | 73.0% | 49.4% | 72.3% | 73.1% | 69.7% | 68.9% | 70.0% | 71.3% | 70.1% | 64.7% |
| Operating margin | 6.5% | 7.4% | 25.5% | 23.5% | 26.0% | 25.5% | 22.2% | 22.6% | 24.3% | 24.3% | 19.6% | 20.1% |
| Net margin | 24.2% | 26.2% | 20.1% | 18.4% | 20.2% | 20.0% | 16.8% | 17.3% | 18.0% | 18.5% | 16.4% | 14.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in FMBH's financial statements (latest annual report filed February 27, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
FMBH financial results
In fiscal year 2025 (ended December 31, 2025), First Mid Bancshares reported revenue of $466.0 million, up 4.2% from the year before. It had net income of $91.7 million (up 16.3%), a net profit margin of 19.7%. Diluted earnings per share came to $3.95. Over five years revenue grew at an average rate of 18.3% a year.
See the FMBH stock overview for the latest quote and news, or the FMBH chart for price history and technical indicators.
FMBH income statement FAQ
What is First Mid Bancshares's annual revenue?
First Mid Bancshares reported total revenue of $466.0 million for fiscal year 2025, which ended on December 31, 2025. That was up 4.2% from $447.3 million the previous year.
Is First Mid Bancshares profitable?
Yes. First Mid Bancshares reported net income of $91.7 million in fiscal 2025, a net profit margin of 19.7%; its operating margin was 25.1%.
What is First Mid Bancshares's gross margin?
First Mid Bancshares's gross margin was 72.8% in fiscal 2025: for every $100 of revenue, First Mid Bancshares kept $73 after the direct cost of its products and services.
How fast is First Mid Bancshares growing?
Revenue grew 18.3% a year on average over the last five fiscal years, from $201.4 million to $466.0 million.
What are First Mid Bancshares's earnings per share?
First Mid Bancshares earned $3.95 per diluted share in fiscal 2025, compared with $3.47 a year earlier.
When will First Mid Bancshares report its next earnings?
First Mid Bancshares is expected to report results for the quarter ending September 30, 2026 on October 29, 2026 before the market opens.
When does First Mid Bancshares's fiscal year end?
First Mid Bancshares's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 27, 2026.