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First Mid Bancshares, Inc. FMBH Bank Owned Life Insurance

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Other financials

Income statement

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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

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

Valuation

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Market cap$1.36B+52.0%
Enterprise value$1.07B+48.8%
P/E13.6×+2.9×
P/S3.6×+0.9×

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×

Where this comes from

Reported directly by First Mid Bancshares, Inc. in its filing.

Tagged under the XBRL concept us-gaap:BankOwnedLifeInsurance.

The source filing: First Mid Bancshares, Inc.’s 10-Q, filed August 7, 2026.

Filed
Aug 7, 2026, 12:01 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001193125-26-339679
(In thousands, except share data)June 30, 2026December 31, 2025
Premises and equipment, net101,87990,782
Goodwill, net203,604203,391
Intangible assets, net69,85249,625
Bank owned life insurance187,134174,915
Right of use assets12,64012,674
Current tax assets7,181714
Deferred tax assets60,82045,453
Other assets76,00969,380

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is First Mid Bancshares, Inc.'s bank owned life insurance?
First Mid Bancshares, Inc. (FMBH) reported bank owned life insurance of $187.13M in Q2 2026.
How has First Mid Bancshares, Inc.'s bank owned life insurance changed year-over-year?
First Mid Bancshares, Inc.'s bank owned life insurance increased by 8.6% year-over-year, from $172.33M to $187.13M.
What is the long-term trend for First Mid Bancshares, Inc.'s bank owned life insurance?
Over 5 years (2020 to 2025), First Mid Bancshares, Inc.'s bank owned life insurance has grown at a 20.5% compound annual growth rate (CAGR), from $68.96M to $174.92M.
What does bank owned life insurance mean?
Bank Owned Life Insurance (BOLI) is a life insurance policy purchased by the bank on the lives of key employees, where the bank is the beneficiary. It serves as a tax-advantaged investment vehicle to offset the costs of employee benefit plans. The cash surrender value of these policies is recorded as a long-term asset.

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