First Mid-Illinois Bancshares (FMBH) AI Stock Analysis

• Market Cap: $932.30M
• Dividend Yield: 2.5%
• Average Volume (3M): 69.66K
• Price to Earnings (P/E): 11.0
• Beta (1Y): 0.90
• Revenue Growth: 5.18%
• EPS Growth: 13.05%
• Country: US
• Employees: 1,194
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 0.98
• Shares Outstanding: 23,997,368
• 10 Day Avg. Volume: 75,208
• 30 Day Avg. Volume: 69,659
• 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: 1.44
• Enterprise Value/Revenue: 2.95
• Enterprise Value/Gross Profit: 4.16
• Enterprise Value/Ebitda: 10.75
• 1Y Price Target: $45.80
• Price Target Upside: 17.89% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 5

• Rating: 76 Outperform
• Price Target: $46.00 ▲(18.40% Upside)

First Mid-Illinois Bancshares shows strong financial performance and positive technical indicators, supported by strategic leadership changes. The valuation is fair, offering a balanced investment opportunity. The most significant factors are the company's robust financial health and positive corporate events, which enhance its growth prospects.

Positive Factors

Leadership Changes

Strategic leadership changes aim to support growth and ensure continuity, reflecting confidence in the company's leadership and strategic execution.

Revenue Growth

Consistent revenue growth indicates expanding market reach and product adoption, supporting long-term financial health and competitiveness in the banking sector.

Profitability

A strong net profit margin demonstrates efficient operations and effective cost management, contributing to sustainable profitability and financial stability.

Negative Factors

Free Cash Flow Decline

Declining free cash flow may indicate challenges in cash generation, potentially impacting the company's ability to invest in growth and manage financial obligations.

Debt Levels

Increasing debt levels can strain financial resources and limit flexibility, posing risks to long-term financial health if not managed prudently.

Cash Flow Conversion

Low cash flow conversion efficiency suggests potential difficulties in turning income into cash, which could affect liquidity and operational flexibility.

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, characterized by 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.

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	452.94M	447.28M	381.63M	286.27M	249.66M	201.37M
Gross Profit	321.59M	313.00M	268.82M	249.85M	219.25M	168.54M
EBITDA	124.44M	125.17M	103.31M	106.35M	81.24M	71.46M
Net Income	84.26M	78.90M	68.94M	72.95M	51.49M	45.27M
Balance Sheet
Total Assets	7.68B	7.54B	7.59B	6.74B	5.99B	4.73B
Cash, Cash Equivalents and Short-Term Investments	1.28B	1.19B	1.31B	1.37B	1.59B	1.30B
Total Debt	556.50M	572.58M	622.94M	816.44M	361.63M	431.54M
Total Liabilities	6.79B	6.67B	6.79B	6.11B	5.35B	4.16B
Stockholders Equity	894.14M	846.39M	793.20M	633.15M	633.89M	568.23M
Cash Flow
Free Cash Flow	120.97M	119.48M	68.78M	60.80M	65.89M	61.08M
Operating Cash Flow	127.04M	124.42M	72.42M	65.82M	69.60M	63.54M
Investing Cash Flow	-169.90M	-7.51M	474.38M	-178.69M	-482.50M	-562.42M
Financing Cash Flow	-2.60M	-138.76M	-556.17M	96.69M	164.22M	831.08M

First Mid-Illinois Bancshares Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 38.85
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FMBH, the sentiment is Neutral. The current price of 38.85 is below the 20-day moving average (MA) of 39.64, below the 50-day MA of 38.93, and above the 200-day MA of 36.77, indicating a neutral trend. The MACD of -0.05 indicates Positive momentum. The RSI at 45.80 is Neutral, neither overbought nor oversold. The STOCH value of 29.47 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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	941.01M	9.08	13.40%	3.51%	113.60%	1224.38%
FMBH	76 Outperform	$932.30M	11.03	9.87%	2.50%	5.18%	13.05%
AMAL	76 Outperform	833.72M	8.19	15.04%	1.95%	6.94%	3.96%
UVSP	74 Outperform	882.30M	11.16	8.71%	2.81%	5.94%	12.97%
HFWA	70 Outperform	843.74M	17.17	5.57%	3.82%	6.92%	13.94%
SBSI	68 Neutral	873.23M	10.28	10.61%	4.96%	3.54%	4.47%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%

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.

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.