| Nov 25 | Feb 26 | May 26 | Aug 26 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Buy | — | — | — | — | 1 | — | — | — | — | — | — | — |
| Sell | — | — | 2 | — | 2 | — | — | — | — | — | — | — |
| total | individual payouts | |
|---|---|---|
| 2027 | ‡‡‡‡‡ |
|
| 2026 | 1.02 |
—
—
—
|
| 2025 | 0.98 |
—
—
—
—
|
| 2024 | 0.94 |
—
—
—
—
|
| 2023 | 0.92 |
—
—
—
—
|
| 2022 | 0.90 |
—
—
—
—
|
| 2021 | 0.85 |
—
—
—
—
|
| 2020 | 0.81 |
—
—
|
| 2019 | 0.76 |
—
—
|
| 2018 | 0.41 |
—
—
—
|
| 2017 | 0.66 |
—
—
|
| 2016 | 0.46 |
—
—
—
|
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Cash | 143.06 | 121.22 | 254.92 | 308.42 |
| Receivables | — | — | — | — |
| Inventory | — | — | — | — |
| Other | — | — | — | — |
| 5,690.04 | 5,762.14 | 6,231.37 | 7,199.05 |
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Payables | 6,123.66 | 6,057.10 | 6,395.27 | 7,571.54 |
| ST’ Debt | — | — | — | — |
| Other | — | — | — | — |
| 6,235.85 | 6,149.85 | 6,461.06 | 7,604.25 |
| 10y | 5y | 3y | |
| Sales | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Cash Flow | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Earnings | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Book Value | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 127.06 | 143.72 | — | — |
—
|
| ’25 | 112.42 | 116.99 | 119.04 | 117.58 |
466.04
|
| ’24 | 112.15 | 111.11 | 114.21 | 116.21 |
453.67
|
| ’23 | 86.15 | 85.62 | 103.49 | 111.70 |
386.95
|
| ’22 | 68.23 | 69.84 | 73.55 | 78.95 |
290.57
|
| ’21 | 58.57 | 64.92 | 65.62 | 63.67 |
252.78
|
| ’20 | 51.25 | 49.42 | 49.87 | 53.12 |
203.66
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 25.08 | 26.33 | — | — |
—
|
| ’25 | 47.88 | 7.75 | 33.04 | 42.20 |
130.87
|
| ’24 | 29.05 | 23.97 | 33.13 | 38.27 |
124.43
|
| ’23 | 20.31 | 17.85 | 5.41 | 28.85 |
72.42
|
| ’22 | 24.13 | (4.02) | 34.15 | 11.56 |
65.82
|
| ’21 | 21.55 | (20.19) | 45.32 | 22.92 |
69.60
|
| ’20 | 16.61 | 8.62 | 7.84 | 30.48 |
63.54
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 23.14 | 24.17 | — | — |
—
|
| ’25 | 49.45 | 6.18 | 36.09 | 43.48 |
135.21
|
| ’24 | 27.57 | 22.86 | 32.03 | 37.03 |
119.49
|
| ’23 | 19.36 | 16.89 | 4.30 | 28.23 |
68.78
|
| ’22 | 24.11 | (6.75) | 33.04 | 10.42 |
60.80
|
| ’21 | 20.36 | (20.56) | 53.11 | 12.98 |
65.89
|
| ’20 | 15.83 | 8.12 | 8.21 | 28.93 |
61.08
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 1.06 | 1.04 | — | — |
—
|
| ’25 | 0.93 | 0.98 | 0.94 | 0.99 |
3.83
|
| ’24 | 0.86 | 0.82 | 0.81 | 0.80 |
3.30
|
| ’23 | 0.93 | 0.80 | 0.68 | 0.76 |
3.15
|
| ’22 | 0.86 | 0.86 | 0.88 | 1.01 |
3.60
|
| ’21 | 0.24 | 0.68 | 1.01 | 0.93 |
2.87
|
| ’20 | 0.60 | 0.60 | 0.69 | 0.81 |
2.70
|
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | 31.57 | 21.77 | 28.86 | 27.58 | — | — | — |
Low Price
|
| ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 45.00 | 35.83 | 43.86 | 42.85 | — | — | — |
High Price
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1,070 | 1,219 | 1,198 | 1,170 | — | — | — |
Employees
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.27 | 0.32 | 0.38 | 0.40 | — | — | — |
Revenue/Emp
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 290.57 | 386.95 | 453.67 | 466.04 | ‡‡‡‡‡ | ‡‡‡‡‡ | — |
Revenue
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 89.12% | 72.42% | 71.64% | 74.93% | — | — | — |
Gross Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 91.29 | 88.41 | 104.40 | 117.05 | — | — | — |
EBT
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 31.42% | 22.85% | 23.01% | 25.12% | ‡‡‡ | ‡‡‡ | — |
EBT Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 72.95 | 68.94 | 78.90 | 91.75 | ‡‡‡‡‡ | ‡‡‡‡‡ | — |
Net Income
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 15.06 | 14.90 | 20.78 | 19.77 | — | — | — |
Depreciation
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 14.41 | 17.77 | 19.06 | 19.52 | ‡‡‡‡‡ | ‡‡‡‡‡ | — |
Revenue/Sh
|
| ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | 3.62 | 3.17 | 3.31 | 3.84 | ‡‡‡‡‡ | ‡‡‡‡‡ | — |
Earnings/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 3.26 | 3.32 | 5.23 | 5.48 | — | — | — |
Cash Flow/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (0.25) | (0.17) | (0.21) | 0.18 | ‡‡‡ | ‡‡‡ | — |
Capex/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 3.01 | 3.16 | 5.02 | 5.66 | — | — | — |
Free CF/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 31.39 | 36.42 | 35.56 | 40.16 | — | — | — |
Book Value/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 20.17 | 21.78 | 23.80 | 23.87 | ‡‡‡‡‡ | ‡‡‡‡‡ | — |
Shares
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 8.89 | 10.83 | 11.16 | 10.16 | ‡‡‡‡ | ‡‡‡ | — |
PE Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2.23 | 1.94 | 1.93 | 2.00 | ‡‡‡ | ‡‡‡ | — |
PS Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.03 | 0.95 | 1.04 | 0.97 | ‡‡‡ | ‡‡‡ | — |
PB Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 4.75 | 3.01 | 2.30 | 2.07 | ‡‡‡‡ | ‡‡‡‡ | — |
EV/Sales
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 22.70 | 16.91 | 8.75 | 7.14 | — | — | — |
EV/FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 65.82 | 72.42 | 124.43 | 130.87 | ‡‡‡ | ‡‡‡ | — |
Op' Cash Flow
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (5.02) | (3.64) | (4.94) | 4.33 | — | — | — |
Capex
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 60.80 | 68.78 | 119.49 | 135.21 | — | — | — |
FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (406.99) | (545.81) | (387.71) | (229.69) | — | — | — |
Working Cap'
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 883.44 | 287.85 | 24.28 | 24.45 | — | — | — |
Total Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 731.00 | 144.78 | (96.94) | (230.47) | — | — | — |
Net Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 633.16 | 793.20 | 846.39 | 958.69 | — | — | — |
Sh' Equity
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.15% | 0.96% | 1.04% | 1.18% | — | — | — |
ROA
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 4.18% | 5.89% | 8.71% | 10.05% | — | — | — |
ROIC
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 11.52% | 9.67% | 9.62% | 10.17% | — | — | — |
ROE
|
First Mid Bancshares (FMBH) has transformed from a modest Midwest bank into a revenue powerhouse, growing from $102 million in 2016 to $454 million in 2024—a blistering 20%+ CAGR—through smart mergers like Niagara Bancorp. Employee productivity soared with revenue per worker doubling to $379,000, mirroring successful consolidators like Wintrust. Yet, challenges like COVID liquidity strains and the 2023 banking panic (think SVB fallout) hammered shares down 51% from peaks, though they’ve rebounded 96% on resilient fundamentals, including net income up 259% to $79 million and ROE consistently beating peers at 9-11%.
Profitability shines with EPS at $3.31 (up 60%), free cash flow per share jumping 59% to $5.02, and attractive valuations: P/E at 11.2x, P/S 1.9x, and PB near 1x versus sector averages—screaming undervalued if asset quality holds. The balance sheet is fortified, with debt slashed 70% to $267 million and equity tripled, delivering solid ROA and ROIC amid deleveraging.
Looking ahead, forecasts show a puzzling 2025 revenue dip to $260 million (-43%, perhaps a divestiture?), but net income and EPS surge 18%+ annually through 2027, implying margin magic and 9x forward P/E. Insider sells raise eyebrows with no buys, alongside dilution risks and rate sensitivity—but strong FCF backs dividends, and analysts see 6-20% upside. A hold-to-accumulate play for patient investors eyeing Midwest recovery; dive into the full analysis for the details.
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