First Mid-Illinois Bancshares (FMBH) AI Stock Analysis

• Market Cap: $788.78M
• Dividend Yield: 2.89%
• Average Volume (3M): 71.74K
• Price to Earnings (P/E): 10.0
• Beta (1Y): 1.03
• Revenue Growth: 17.70%
• EPS Growth: 3.88%
• Country: US
• Employees: 1,198
• Sector: Financial
• Sector Strength: 79
• Industry: Banks - Regional
• EPS (TTM): 3.29
• Shares Outstanding: 23,982,332
• 10 Day Avg. Volume: 82,351
• 30 Day Avg. Volume: 71,737
• PEG Ratio: 2.57
• Price to Book (P/B): N/A
• Price to Sales (P/S): 2.63
• Price to Cash Flow (P/CF): 5.50
• P/FCF Ratio: 3.70
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $44.75
• Price Target Upside: 43.71% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 4

First Mid-Illinois Bancshares scores a 65, reflecting its strong financial foundation and effective cash management. However, the need for revenue growth and bearish technical indicators limit its short-term upside potential. The stock's low valuation provides a cushion, offering some appeal for value-oriented investors.

Positive Factors

Market Performance

Shares are up 45% since late October 2023, indicating strong recent performance.

Valuation

The bank's shares deserve a premium valuation based on premium performance.

Negative Factors

M&A Concerns

The potential M&A overhang as a buyer is a factor to consider on relative stock performance.

Rate Sensitivity

FMBH is not a meaningful positive outlier on rate sensitivity or growth compared to peers.

Stock Upside

Projected stock upside appears limited with just ~11% total return potential implied by the revised price target.

First Mid-Illinois Bancshares Business Overview & Revenue Model

Company Description

First Mid-Illinois Bancshares, Inc. (FMBH) is a financial holding company that provides a wide range of banking, trust, and financial services to individual, corporate, and agricultural customers. Based in Mattoon, Illinois, the company operates primarily through its subsidiary, First Mid Bank & Trust, and is committed to offering comprehensive solutions such as personal banking, business banking, wealth management, and insurance services.

How the Company Makes Money

First Mid-Illinois Bancshares generates revenue primarily through interest income from its lending activities, including personal, commercial, and agricultural loans. The company also earns money through non-interest income streams such as fees for services, commissions on insurance and investment products, and service charges on deposit accounts. Additionally, First Mid-Illinois Bancshares benefits from strategic acquisitions and partnerships that enhance its market presence and product offerings, contributing to its overall financial performance.

First Mid-Illinois Bancshares Financial Statement Overview

Summary

First Mid-Illinois Bancshares presents a stable financial position with solid profitability and effective cash management. While the balance sheet shows strong equity support, the income statement highlights a need for revenue growth to sustain long-term profitability. Cash flow generation remains strong, reinforcing operational efficiency.

Income Statement

The income statement reflects steady profitability but challenges in revenue growth. The gross profit margin has been consistent, indicating effective cost management. However, the revenue growth rate appears stagnant, which could hinder future profitability gains.

Balance Sheet

The balance sheet is strong with a high equity ratio, indicating a solid capital base. The absence of total debt in the latest period reduces financial risk, but this is partly offset by a drop in total assets. The ROE has been improving, showcasing efficient use of equity.

Cash Flow

Cash flow metrics are robust, with positive free cash flow growth and a healthy operating cash flow to net income ratio, suggesting effective cash management. However, the recent decrease in operating cash flow could indicate potential operational challenges.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
318.63M	274.93M	254.66M	237.52M	186.93M
	Gross Profit
318.63M	274.14M	254.66M	237.52M	186.93M
	EBIT
-253.82M	88.41M	131.68M	66.79M	59.74M
	EBITDA
0.00	0.00	106.35M	81.24M	68.60M
	Net Income Common Stockholders
78.90M	68.94M	72.95M	51.49M	45.27M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
98.93M	143.06M	1.37B	1.59B	1.30B
	Total Assets
7.52B	7.59B	6.74B	5.99B	4.73B
	Total Debt
368.46M	409.21M	578.99M	200.04M	207.25M
	Net Debt
243.82M	273.66M	426.56M	31.44M	-210.03M
	Total Liabilities
6.67B	6.79B	6.11B	5.35B	4.16B
	Stockholders Equity
2.28B	793.20M	633.15M	633.89M	568.23M
Cash Flow		Free Cash Flow
47.23M	68.78M	60.80M	65.89M	61.08M
	Operating Cash Flow
47.23M	72.42M	65.82M	69.60M	63.54M
	Investing Cash Flow
-7.51M	474.38M	-178.69M	-482.50M	-562.42M
	Financing Cash Flow
-41.43M	-556.17M	96.69M	164.22M	831.08M

First Mid-Illinois Bancshares Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 31.14
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FMBH, the sentiment is Negative. The current price of 31.14 is below the 20-day moving average (MA) of 34.24, below the 50-day MA of 36.23, and below the 200-day MA of 37.47, indicating a bearish trend. The MACD of -0.55 indicates Negative momentum. The RSI at 37.62 is Neutral, neither overbought nor oversold. The STOCH value of 14.50 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FMBH.

First Mid-Illinois Bancshares Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SBSI	73 Outperform	$840.51M	9.49	11.16%	5.21%	15.33%	3.68%
AMAL	73 Outperform	$836.23M	7.92	16.46%	1.83%	14.24%	20.84%
HFWA	71 Outperform	$756.64M	17.96	5.04%	4.36%	4.64%	-28.68%
UVSP	68 Neutral	$783.34M	10.46	8.80%	3.23%	11.77%	7.54%
FMBH	65 Neutral	$788.78M	9.96	9.62%	2.89%	17.70%	3.88%
Sector *	64 Neutral	$13.46B	9.44	9.34%	4.72%	16.14%	-8.80%
BHRB	61 Neutral	$784.80M	18.60	6.83%	4.12%	141.53%	-20.35%

First Mid-Illinois Bancshares Corporate Events

First Mid-Illinois Bancshares Appoints Paul Palmby to Board

First Mid Bancshares, Inc. has appointed Paul L. Palmby to its Board of Directors, effective November 19, 2024. Palmby will serve on several key committees, including Audit and Risk, until the Class I term ends in 2026. His compensation aligns with the company’s standard for non-employee directors, with no related party transactions reported.