Saturday 17 October 2026 Export FMBH’s income statement to Excel — free account

First Mid Bancshares, Inc.

First Mid Bancshares, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $466.0 million, up 2.73% from fiscal 2024. In the quarter to June 2026, revenue grew 22.8%, EPS grew 7.14%, free cash flow grew 290.9% and total debt fell 90.2%, each against the same quarter a year earlier. Dividend growth for five consecutive years, revenue growth for five, operating cash flow growth for three; insiders bought in the last twelve months.

49.73 0.44 +0.89%

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Market cap: $1.3B
P/E: 12.3×
Fwd P/E: 10.3×
Dividend yield: 2.03%
F-score: 8/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.01

Total sells 0.48

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	1	—	—	—	—	—	—	—	—
Sell	—	2	—	2	—	—	—	—	—	—	—	—

Insider Ownership 9.71%

Capital & Financial Ratios $m

Market Cap 1,310.00

Revenue 507.40

Net Income 100.26

Free Cash Flow 126.88

Net Debt (274.35)

Current Ratio 0.95

Debt/Equity 0.03

P/E ratio 12.31

Fwd P/E 10.30

P/S ratio 2.59

P/B ratio 1.19

Past 5Y EPS Growth 7.24%

This Y EPS Growth 16.78%

Next Y EPS Growth 11.31%

Next Y revenue growth (32.39%)

Next 5Y EPS Growth 11.12%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 48.54%

10-year low 10-year high

P/S against its own 10 years 49.21%

10-year low 10-year high

P/B against its own 10 years 73.35%

10-year low 10-year high

Dividends

Payout Ratio 0.25

Annual Dividend Rate 1.01

Annual Dividend Yield 2.03%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	1.02	0.25 0.25 0.26
2025	0.98	0.24 0.24 0.25 0.25
2024	0.94	0.23 0.23 0.24 0.24
2023	0.92	0.23 0.23 0.23 0.23
2022	0.90	0.22 0.22 0.23 0.23
2021	0.85	0.21 0.21 0.22 0.22
2020	0.81	0.40 0.41
2019	0.76	0.36 0.40
2018	0.41	0.29 0.05 0.36
2017	0.66	0.32 0.34
2016	0.46	0.30 0.16 0.16

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	143	121	255	308
Receivables	—	—	—	—
Inventory	—	—	—	—
Other	—	—	—	—
	5,690	5,762	6,231	7,199

	2023	2024	2025	Q'26
Payables	6,124	6,057	6,395	7,572
ST’ Debt	—	—	—	—
Other	—	—	—	—
	6,236	6,150	6,461	7,604

Compound Annual Growth %

	10y	5y	3y
Sales	19.30%	18.01%	17.05%
Cash Flow	19.52%	15.55%	25.74%
Earnings	20.42%	15.17%	7.94%
Book Value	16.68%	11.03%	14.83%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	127	144	—	—	—
’25	112	117	119	118	466
’24	112	111	114	116	454
’23	86	86	103	112	387
’22	68	70	74	79	291
’21	59	65	66	64	253
’20	51	49	50	53	204

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	25	26	—	—	—
’25	48	8	33	42	131
’24	29	24	33	38	124
’23	20	18	5	29	72
’22	24	(4)	34	12	66
’21	22	(20)	45	23	70
’20	17	9	8	30	64

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	23	24	—	—	—
’25	49	6	36	43	135
’24	28	23	32	37	119
’23	19	17	4	28	69
’22	24	(7)	33	10	61
’21	20	(21)	53	13	66
’20	16	8	8	29	61

Fiscal quarters ending in the months shown.

EPS $

	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

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	22.95	28.37	30.01	30.20	18.60	31.77	31.57	21.77	28.86	27.58	Analyst estimates 2026–2028 Powerpack
	High	36.80	42.03	42.46	36.45	35.31	45.84	45.00	35.83	43.86	42.85
People
People	Employees	598	592	818	827	824	994	1,070	1,219	1,198	1,170
	Revenue/emp, $m	0.17	0.22	0.20	0.25	0.25	0.25	0.27	0.32	0.38	0.40
Income, $m
Income, $m	Revenue	102	130	160	206	204	253	291	387	454	466
	Gross margin, %	95.81	95.01	91.98	88.31	91.79	93.96	89.12	72.42	71.64	74.93
	EBT	34	42	49	63	60	67	91	88	104	117
	EBT margin, %	32.99	32.12	30.32	30.75	29.33	26.42	31.42	22.85	23.01	25.12
	Net income	22	27	37	48	45	51	73	69	79	92
	Depreciation	8	8	8	11	12	14	15	15	21	20
Per share, $
Per share, $	Revenue	10.09	10.36	11.04	12.34	12.18	14.13	14.41	17.77	19.06	19.52
	Earnings	2.07	2.13	2.53	2.88	2.71	2.88	3.62	3.17	3.31	3.84
	Cash flow	2.70	3.68	2.91	3.77	3.80	3.89	3.26	3.32	5.23	5.48
	Capex	(0.06)	(0.10)	(0.21)	(0.25)	(0.15)	(0.21)	(0.25)	(0.17)	(0.21)	0.18
	Free cash flow	2.65	3.58	2.70	3.52	3.65	3.68	3.01	3.16	5.02	5.66
	Book value	27.66	24.57	32.85	31.58	33.99	35.44	31.39	36.42	35.56	40.16
	Shares, m	10	13	14	17	17	18	20	22	24	24
Valuation, ×
Valuation, ×	P/E	16.10	17.88	12.57	12.24	12.42	14.96	8.89	10.83	11.16	10.16
	P/S	3.30	3.69	2.89	2.86	2.76	3.03	2.23	1.94	1.93	2.00
	P/B	1.20	1.56	0.97	1.12	0.99	1.21	1.03	0.95	1.04	0.97
	EV/Sales	2.20	3.65	2.94	3.09	1.73	2.78	3.38	2.32	1.72	1.50
	EV/FCF	8.39	10.58	12.03	10.82	5.77	10.66	16.13	13.04	6.52	5.17
Cash, $m
Cash, $m	Operating cash flow	27	46	42	63	64	70	66	72	124	131
	Capex	(1)	(1)	(3)	(4)	(2)	(4)	(5)	(4)	(5)	4
	Free cash flow	27	45	39	59	61	66	61	69	119	135
Balance, $m
Balance, $m	Working capital	(520)	(411)	(214)	(359)	(369)	(923)	(407)	(546)	(388)	(230)
	Total debt	64	84	149	133	207	106	484	288	24	24
	Net debt	(112)	(5)	7	48	(210)	(63)	332	145	(97)	(230)
	Shareholders’ equity	281	308	476	527	568	634	633	793	846	959
Returns, %
Returns, %	ROA	0.84	0.93	1.10	1.25	1.06	0.96	1.15	0.96	1.04	1.18
	ROIC	12.51	8.60	6.27	6.89	10.42	7.31	5.91	5.89	8.71	10.05
	ROE	9.17	9.07	9.34	9.56	8.27	8.57	11.52	9.67	9.62	10.17

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
AMAL Amalgamated Financial Corp.	$1.4B	12.4×	10.7×	+15.47% (above 0%: growing)	+36.47% (above 0%: growing)	−23.52% (below 0%: shrinking)	75.97%	0.00%	Compare
BHRB Burke & Herbert Financial Services Corp.	$1.4B	11.1×	8.4×	+20.93% (above 0%: growing)	−74.75% (below 0%: shrinking)	+49.60% (above 0%: growing)	70.87%	0.00%	Compare
TMP Tompkins Financial Corporation	$1.4B	7.9×	11.6×	+2.51% (above 0%: growing)	+36.42% (above 0%: growing)	−198.57% (below 0%: shrinking)	73.16%	0.00%	Compare
CTBI Community Trust Bancorp, Inc.	$1.4B	12.5×	11.1×	+6.97% (above 0%: growing)	+18.84% (above 0%: growing)	+217.37% (above 0%: growing)	72.12%	0.00%	Compare
PEBO Peoples Bancorp Inc.	$1.3B	11.0×	11.0×	−3.48% (below 0%: shrinking)	+31.67% (above 0%: growing)	+12.07% (above 0%: growing)	76.44%	0.00%	Compare
FMBH First Mid Bancshares, Inc.	$1.3B	12.3×	10.3×	+22.84% (above 0%: growing)	+7.14% (above 0%: growing)	+290.93% (above 0%: growing)	75.49%	0.00%
HBT HBT Financial, Inc.	$1.3B	15.2×	11.1×	+37.46% (above 0%: growing)	+26.23% (above 0%: growing)	+36.90% (above 0%: growing)	80.56%	0.00%	Compare
OSBC Old Second Bancorp, Inc.	$1.3B	14.0×	9.9×	+32.87% (above 0%: growing)	+12.24% (above 0%: growing)	−31.22% (below 0%: shrinking)	84.39%	0.00%	Compare
PFBC Preferred Bank	$1.2B	9.4×	9.2×	+1.39% (above 0%: growing)	+10.55% (above 0%: growing)	−33.29% (below 0%: shrinking)	58.34%	0.00%	Compare
Median of peers	$1.3B	11.8×	10.9×	+11.22%	+22.54%	−5.72%	74.57%	0.00%

All 323 Banks Regional stocks →

First Mid Bancshares, Inc. (FMBH) key facts

Strength: First Mid Bancshares, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $466.0 million, up 2.73% from fiscal 2024.
Strength: Net income was $91.7 million, or $3.84 per share (basic), a net margin of 19.7%.
First Mid Bancshares, Inc. (FMBH) is a Banks Regional company in the Financial sector, listed on Nasdaq.
As of October 16, 2026, FMBH traded at $49.73, a market capitalization of $1.3 billion.
At that price the stock trades at 12.3× trailing-twelve-month earnings and 2.6× sales; its P/E is higher than 49% of its own readings over the past ten years.
First Mid Bancshares, Inc. pays an annual dividend of $1.01 per share, a yield of 2.03%, with a payout ratio of 25.1%.
Return on equity was 10.2% and debt-to-equity 0.03.
Its Piotroski F-score is 8 out of 9 for fiscal 2025.