First Mid-Illinois Bancshares (FMBH) AI Stock Analysis

• Market Cap: $885.91M
• Dividend Yield: 2.57%
• Average Volume (3M): 58.41K
• Price to Earnings (P/E): 11.0
• Beta (1Y): 0.86
• Revenue Growth: 10.25%
• EPS Growth: 8.73%
• Country: US
• Employees: 1,194
• Sector: Financial
• Sector Strength: 82
• Industry: Banks - Regional
• EPS (TTM): 0.93
• Shares Outstanding: 23,988,995
• 10 Day Avg. Volume: 53,168
• 30 Day Avg. Volume: 58,408
• PEG Ratio: 5.08
• Price to Book (P/B): 1.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 7.08
• Enterprise Value/Market Cap: 0.76
• Enterprise Value/Revenue: 0.41
• Enterprise Value/Gross Profit: 2.61
• Enterprise Value/Ebitda: 1.45
• 1Y Price Target: $42.33
• Price Target Upside: 14.62% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 6

• Rating: 75 Outperform
• Price Target: $40.00 ▲( 8.31% Upside)

First Mid-Illinois Bancshares shows a strong financial position with robust growth and profitability. The technical analysis indicates stable trends, while valuation metrics suggest the stock is attractively priced. The recent corporate event further enhances its strategic prospects, making it a solid investment candidate.

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-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
104.40M	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
7.54B	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
846.39M	793.20M	633.15M	633.89M	568.23M
Cash Flow		Free Cash Flow
119.48M	68.78M	60.80M	65.89M	61.08M
	Operating Cash Flow
124.42M	72.42M	65.82M	69.60M	63.54M
	Investing Cash Flow
-7.51M	474.38M	-178.69M	-482.50M	-562.42M
	Financing Cash Flow
-138.76M	-556.17M	96.69M	164.22M	831.08M

First Mid-Illinois Bancshares Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 36.93
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• 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 Neutral. The current price of 36.93 is above the 20-day moving average (MA) of 35.59, above the 50-day MA of 34.36, and below the 200-day MA of 37.21, indicating a neutral trend. The MACD of 0.82 indicates Negative momentum. The RSI at 53.45 is Neutral, neither overbought nor oversold. The STOCH value of 30.60 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
AMAL	76 Outperform	$932.68M	9.04	15.41%	1.61%	10.80%	10.48%
FMBH	75 Outperform	$885.91M	10.98	9.65%	2.57%	10.25%	8.73%
SBSI	73 Outperform	$889.80M	10.12	11.03%	4.90%	9.34%	8.12%
UVSP	72 Outperform	$883.73M	11.48	8.93%	2.75%	7.16%	12.20%
BHRB	70 Outperform	$863.26M	16.39	10.71%	3.75%	181.68%	28.77%
HFWA	69 Neutral	$814.44M	16.10	5.95%	3.89%	9.12%	11.62%
Sector *	64 Neutral	$12.78B	9.87	7.67%	17015.06%	12.34%	-5.99%

First Mid-Illinois Bancshares Corporate Events

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.

First Mid-Illinois Bancshares Increases Authorized Shares

At the Annual Meeting of First Mid-Illinois Bancshares, held with a quorum of 86% of eligible votes, three directors were elected for three-year terms. Additionally, stockholders approved an amendment to increase the number of authorized shares of common stock from 30 million to 45 million and changes to the 2017 Stock Incentive Plan, including a name change, an increase in authorized shares, and an extension of the plan’s term to 2035.