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First Mid Bancshares, Inc.

FMBH

First Mid Bancshares, Inc. is a financial holding company that provides a comprehensive suite of community banking, wealth management, and insurance services.

Market cap
$1.36B+44.3%
Revenue$383.2M+13.5%
Net income$100.3M+19.0%
Free cash flow$119.4M-1.3%
EPS (diluted)$4.03+14.2%
Trailing twelve months · change vs. prior year

Earnings

Next report

Oct 29, 2026 (in a month)
Revenue estimate$108.5M
EPS estimate$1.14

Financials

Q2 2026

Income statement

See full
Revenue$108.5M+24.1%
Net income$27.8M+18.6%
EPS (diluted)$1.04+6.1%

Balance sheet

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Cash & equivalents$303.9M+59.9%
Total debt$13.2M-2.9%
Total equity$1.1B+23.2%
Total assets$9.2B+19.9%

Cash flow

See full
Operating cash flow$26.3M+240%
CapEx$2.2M+21.1%
Free cash flow$24.2M+305%

Valuation & ratios

Valuation

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Market cap$1.36B+44.3%
Enterprise value$1.07B+40.8%
P/E13.6×+2.5×
P/S3.5×+0.8×

Profitability

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Net margin26.2%+1.2pp
FCF margin31.2%-4.7pp

Returns & leverage

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Return on equity10%+0.2pp
Debt / equity0.0×

Competitors

Profile

First Mid Bancshares, Inc. is a financial holding company that provides a comprehensive suite of community banking, wealth management, and insurance services. The company operates through a network of branches across Illinois, Missouri, Wisconsin, and Texas, focusing on relationship-based financial solutions for individuals and businesses. Its core value proposition centers on organic growth and strategic acquisitions to deliver high-value customer experiences and shareholder returns.

Competitive position

A regional financial services provider that leverages a community-focused model and a multi-state footprint to compete with both local community banks and larger regional institutions.

GeographiesUnited States, Illinois, Missouri, Wisconsin, Texas
Customer segmentsRetail, Commercial, Agricultural, Institutional
Business modelInterest Income, Fee-based Services, Brokerage, Asset Management
SuppliersFederal Reserve System, Technology and Core System Providers, Third-party Regulatory Training Providers, Insurance Carriers
CustomersRetail Depositors, Commercial Borrowers, Agricultural Investors, Small Business Owners, Insurance Policyholders
Listed1999
Employees1.2K
CEOMatthew K. Smith
FilingsSEC EDGAR

FAQ

What is First Mid Bancshares, Inc.'s market cap?
First Mid Bancshares, Inc. (FMBH) has a market capitalization of $1.4B and trades on NASDAQ.
What is First Mid Bancshares, Inc.'s revenue and profitability?
First Mid Bancshares, Inc. generated $383.2M in trailing twelve-month revenue with net income of $100.3M, representing a net margin of 26.2%, with free cash flow of $119.4M. The latest reported period is Q2 2026.
Who are First Mid Bancshares, Inc.'s competitors?
First Mid Bancshares, Inc.'s key competitors include Midland States Bancorp, Inc., Enterprise Financial Services Corp, Commerce Bancshares, Inc., and others. These companies compete in similar markets and product categories.
Who does First Mid Bancshares, Inc. partner with?
First Mid Bancshares, Inc.'s notable partners include Verizon, United Way.
What subsidiaries does First Mid Bancshares, Inc. have?
First Mid Bancshares, Inc.'s subsidiaries include First Mid Bank & Trust, N.A., First Mid Insurance Group, Inc., First Mid Wealth Management Company, and others.
Where is First Mid Bancshares, Inc. headquartered?
First Mid Bancshares, Inc. is headquartered in United States of America and employs approximately 1,188 people. It has been publicly traded since 1999.