First Mid-Illinois Bancshares (FMBH) AI Stock Analysis

• Market Cap: $964.93M
• Dividend Yield: 2.42%
• Average Volume (3M): 67.03K
• Price to Earnings (P/E): 11.4
• Beta (1Y): 0.94
• Revenue Growth: 5.18%
• EPS Growth: 13.05%
• Country: US
• Employees: 1,194
• Sector: Financial
• Sector Strength: 75
• Industry: Banks - Regional
• EPS (TTM): 0.98
• Shares Outstanding: 23,997,368
• 10 Day Avg. Volume: 62,263
• 30 Day Avg. Volume: 67,033
• PEG Ratio: 2.52
• Price to Book (P/B): 1.04
• Price to Sales (P/S): 1.96
• P/FCF Ratio: 7.33
• Enterprise Value/Market Cap: 1.39
• Enterprise Value/Revenue: 2.99
• Enterprise Value/Gross Profit: 4.25
• Enterprise Value/Ebitda: 10.62
• 1Y Price Target: $45.20
• Price Target Upside: 11.22% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 5

• Rating: 73 Outperform
• Price Target: $43.00 ▲(5.81% Upside)

First Mid-Illinois Bancshares scores well due to its strong financial performance and positive corporate events, which indicate strategic growth initiatives. The technical analysis suggests a stable trend, while the valuation is fair with a reasonable P/E ratio and attractive dividend yield. The absence of earnings call data does not impact the score significantly.

Positive Factors

Profitability

The stock currently trades at a 15% blended premium to small cap peers, justified by superior profitability metrics and clean credit quality history.

Valuation

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

Negative Factors

Growth Comparison

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

M&A Overhang

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

Stock Performance

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 Bancshares, Inc., a financial holding company, provides community banking products and services to commercial, retail, and agricultural customers in the United States. It accepts various deposit products, such as demand deposits, savings accounts, money market deposits, and time deposits. The company's loan products include commercial real estate, commercial and industrial, agricultural and agricultural real estate, residential real estate, and consumer loans; and other loans comprising loans to municipalities to support community projects, such as infrastructure improvements or equipment purchases. It also offers wealth management services, which include estate planning, investment, and farm management and brokerage services for individuals; and employee benefit services for business enterprises. In addition, the company provides property and casualty, senior insurance products, and group medical insurance for businesses; and personal lines insurance to individuals. It operates through a network of 52 banking centers in Illinois and 14 offices in Missouri, as well as a loan production office in Indiana. The company was formerly known as First Mid-Illinois Bancshares, Inc. and changed its name to First Mid Bancshares, Inc. in April 2019. First Mid Bancshares, Inc. was founded in 1865 and is headquartered in Mattoon, Illinois.

How the Company Makes Money

First Mid-Illinois Bancshares generates revenue primarily through interest income from loans and investments, as well as non-interest income from fees associated with various banking services. Key revenue streams include interest earned on commercial and consumer loans, mortgage loans, and investment securities. Additionally, the company earns non-interest income from service fees, transaction fees, and wealth management services. Significant partnerships with local businesses and community organizations also enhance its ability to attract customers and increase its market share, contributing to overall earnings.

First Mid-Illinois Bancshares Financial Statement Overview

Summary

First Mid-Illinois Bancshares demonstrates strong financial health, with robust revenue and profit growth, effective cost management, and solid cash flow generation. The balance sheet is well-managed, with reasonable leverage and strong equity support. The company's financial position indicates stability and growth potential in the regional banking sector.

Income Statement

The income statement shows robust revenue growth with a notable increase from 2024 to the TTM period. Gross profit margins have remained strong, and net profit margins have shown improvement. The EBIT and EBITDA margins are healthy, indicating efficient cost management and profitability.

Balance Sheet

The balance sheet reflects a stable financial position with a reasonable debt-to-equity ratio. The equity ratio is healthy, indicating a strong equity base relative to total assets. Return on equity is commendable, showing effective utilization of shareholder funds.

Cash Flow

The cash flow statement indicates solid operating cash flow relative to net income, suggesting strong cash generation capabilities. Free cash flow has grown significantly, enhancing the company's financial flexibility. The ratios suggest efficient conversion of income into cash flow.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	446.91M	447.28M	381.63M	286.27M	249.66M	201.37M
Gross Profit	314.67M	313.00M	268.82M	249.85M	219.25M	168.54M
EBITDA	126.04M	125.17M	103.31M	106.35M	81.24M	71.46M
Net Income	80.57M	78.90M	68.94M	72.95M	51.49M	45.27M
Balance Sheet
Total Assets	7.57B	7.54B	7.59B	6.74B	5.99B	4.73B
Cash, Cash Equivalents and Short-Term Investments	453.51M	1.19B	1.31B	1.37B	1.59B	1.30B
Total Debt	532.90M	572.58M	622.94M	816.44M	361.63M	431.54M
Total Liabilities	6.70B	6.67B	6.79B	6.11B	5.35B	4.16B
Stockholders Equity	870.95M	846.39M	793.20M	633.15M	633.89M	568.23M
Cash Flow
Free Cash Flow	137.87M	119.48M	68.78M	60.80M	65.89M	61.08M
Operating Cash Flow	143.26M	124.42M	72.42M	65.82M	69.60M	63.54M
Investing Cash Flow	-100.37M	-7.51M	474.38M	-178.69M	-482.50M	-562.42M
Financing Cash Flow	-197.13M	-138.76M	-556.17M	96.69M	164.22M	831.08M

First Mid-Illinois Bancshares Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 40.64
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FMBH, the sentiment is Positive. The current price of 40.64 is above the 20-day moving average (MA) of 39.00, above the 50-day MA of 38.61, and above the 200-day MA of 36.90, indicating a bullish trend. The MACD of 0.68 indicates Negative momentum. The RSI at 64.37 is Neutral, neither overbought nor oversold. The STOCH value of 78.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FMBH.

First Mid-Illinois Bancshares Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BHRB	77 Outperform	$959.48M	9.16	14.19%	3.44%	113.60%	1224.38%
AMAL	76 Outperform	$856.30M	8.49	14.78%	1.86%	6.94%	3.96%
UVSP	74 Outperform	$909.38M	11.54	9.02%	2.73%	5.94%	12.97%
SBSI	74 Outperform	$931.88M	11.00	10.65%	4.65%	3.54%	4.47%
FMBH	73 Outperform	$964.93M	11.43	9.87%	2.42%	5.18%	13.05%
HFWA	71 Outperform	$825.06M	16.96	5.69%	3.91%	6.92%	13.94%
Sector *	68 Neutral	$18.05B	11.73	10.24%	3.73%	9.66%	1.70%

First Mid-Illinois Bancshares Corporate Events

First Mid-Illinois Bancshares Announces Leadership Changes

On June 30, 2025, First Mid Bancshares, Inc. announced the promotion of Matthew K. Smith to President and Jordan Read to Chief Financial Officer, effective June 24, 2025. These leadership changes are part of the company’s strategy to support its growth and success, with Smith overseeing all lines of business and Read managing financial strategy and risk oversight. The appointments reflect the company’s confidence in their leadership and aim to ensure continuity and strategic execution.

The most recent analyst rating on (FMBH) stock is a Hold with a $47.00 price target. To see the full list of analyst forecasts on First Mid-Illinois Bancshares stock, see the FMBH Stock Forecast page.

First Mid Bancshares Announces New Stock Repurchase Plan

On June 24, 2025, First Mid Bancshares, Inc. announced the termination of its existing stock repurchase plan, effective June 30, 2025. The company simultaneously authorized a new stock repurchase program, effective July 1, 2025, allowing for the repurchase of up to 1,200,000 shares, approximately 5% of its outstanding shares, with the program set to run until December 31, 2026, unless altered by the Board.

The most recent analyst rating on (FMBH) stock is a Hold with a $47.00 price target. To see the full list of analyst forecasts on First Mid-Illinois Bancshares stock, see the FMBH Stock Forecast page.

First Mid-Illinois Increases Authorized Shares to 45 Million

On April 30, 2025, First Mid-Illinois Bancshares held its Annual Meeting where stockholders approved an amendment to increase the authorized shares of common stock from 30 million to 45 million. This amendment, filed and effective as of May 12, 2025, reflects the company’s strategic move to potentially enhance its market position and operational capacity, signaling a significant development for stakeholders.

The most recent analyst rating on (FMBH) stock is a Hold with a $47.00 price target. To see the full list of analyst forecasts on First Mid-Illinois Bancshares stock, see the FMBH Stock Forecast page.