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First Mid-Illinois Bancshares
(NASDAQ:FMBH)
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Rating:70Outperform
Price Target:
$53.00
â–²(21.36% Upside)
Action:Reiterated
Date:05/14/26
Overall score reflects solid underlying financial performance but some recent cooling in revenue and cash-flow momentum. Valuation is a clear positive (low P/E with a moderate dividend), while technicals are neutral-to-soft. Corporate events are supportive (M&A integration progress and leadership continuity), but execution risk remains.
Positive Factors
Profitability & margins
Consistent TTM net and operating margins around 21% indicate durable core profitability in lending, fees and wealth services. Sustained margins provide internal funding for growth, cushion credit stress, and support steady returns over the next several quarters absent major credit deterioration.
Negative Factors
Recent revenue softness
A recent TTM revenue decline (-2.1%) and noted margin compression suggest pressures in loan growth, fee income, or pricing. For a regional bank, persistent top-line softness undermines operating leverage and makes sustaining ROE and dividend policies more challenging absent renewed loan or fee momentum.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability & margins
Consistent TTM net and operating margins around 21% indicate durable core profitability in lending, fees and wealth services. Sustained margins provide internal funding for growth, cushion credit stress, and support steady returns over the next several quarters absent major credit deterioration.
Read all positive factors
First Mid-Illinois Bancshares (FMBH) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.28B
Dividend Yield2.43%
Average Volume (3M)61.24K
Price to Earnings (P/E)12.1
Beta (1Y)0.76
Revenue Growth5.91%
EPS Growth17.81%
CountryUS
Employees1,194
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)3.97
Shares Outstanding26,615,795
10 Day Avg. Volume63,307
30 Day Avg. Volume61,237
Financial Highlights & Ratios
PEG Ratio0.63
Price to Book (P/B)0.97
Price to Sales (P/S)2.00
P/FCF Ratio7.51
Enterprise Value/Market Cap1.05
Enterprise Value/Revenue2.95
Enterprise Value/Gross Profit4.47
Enterprise Value/Ebitda11.75
Forecast
1Y Price Target
$48.75Price Target Upside11.63% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering4
EPS Forecast (FY)4.39
Revenue Forecast (FY)$424.95M
First Mid-Illinois Bancshares Business Overview & Revenue Model
Company Description
First Mid Bancshares, Inc. (FMBH) functions as a financial holding company, delivering a broad spectrum of community banking solutions to commercial, retail, and agricultural clients throughout the United States. The institution facilitates variou...
How the Company Makes Money
FMBH primarily makes money through (1) net interest income and (2) noninterest income. Net interest income is earned from the spread between interest income generated on earning assets—mainly loans to consumers and businesses and interest-earning ...
First Mid-Illinois Bancshares Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
71
Positive
Cash Flow
63
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 456.37M | 466.04M | 447.28M | 381.63M | 286.27M | 249.66M |
| Gross Profit | 300.81M | 339.30M | 313.00M | 268.82M | 249.85M | 219.25M |
| EBITDA | 114.44M | 136.82M | 125.17M | 103.31M | 106.35M | 81.24M |
| Net Income | 95.91M | 91.75M | 78.90M | 68.94M | 72.95M | 51.49M |
Balance Sheet | ||||||
| Total Assets | 9.29B | 7.97B | 7.52B | 7.59B | 6.74B | 5.99B |
| Cash, Cash Equivalents and Short-Term Investments | 689.53M | 1.09B | 1.19B | 1.31B | 1.37B | 1.59B |
| Total Debt | 611.97M | 564.39M | 572.58M | 622.94M | 816.44M | 361.63M |
| Total Liabilities | 8.21B | 7.01B | 6.67B | 6.79B | 6.11B | 5.35B |
| Stockholders Equity | 1.08B | 958.69M | 846.39M | 793.20M | 633.15M | 633.89M |
Cash Flow | ||||||
| Free Cash Flow | 101.19M | 124.03M | 119.48M | 68.78M | 60.80M | 65.89M |
| Operating Cash Flow | 108.07M | 130.87M | 124.42M | 72.42M | 65.82M | 69.60M |
| Investing Cash Flow | -227.64M | -302.63M | -7.51M | 474.38M | -178.69M | -482.50M |
| Financing Cash Flow | 395.13M | 305.45M | -138.76M | -556.17M | 96.69M | 164.22M |
First Mid-Illinois Bancshares Technical Analysis
Positive
43.67
Price Trends
44.08
Positive
42.83
Positive
40.56
Positive
Market Momentum
1.05
Negative
71.23
Negative
67.87
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 43.67 is below the 20-day moving average (MA) of 45.69, below the 50-day MA of 44.08, and above the 200-day MA of 40.56, indicating a bullish trend. The MACD of 1.05 indicates Negative momentum. The RSI at 71.23 is Negative, neither overbought nor oversold. The STOCH value of 67.87 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 Risk Analysis
First Mid-Illinois Bancshares disclosed 22 risk factors in its most recent earnings report. First Mid-Illinois Bancshares reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
First Mid-Illinois Bancshares Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | $1.02B | 19.00 | 18.23% | 0.66% | 20.11% | 11.08% | |
78 Outperform | $1.35B | 7.98 | 19.50% | 3.39% | -12.54% | 126.82% | |
78 Outperform | $1.24B | 13.19 | 10.19% | 2.59% | 3.92% | 25.09% | |
73 Outperform | $1.20B | 13.57 | 10.20% | 1.24% | 26.26% | -8.61% | |
70 Outperform | $1.28B | 12.06 | 9.93% | 2.43% | 5.91% | 17.81% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
65 Neutral | $1.04B | 14.79 | 8.49% | 4.59% | -6.76% | -18.82% |
* Financial Sector Average
FMBH
First Mid-Illinois Bancshares
47.86
10.08
26.69%
OSBC
Old Second Bancorp
23.21
5.13
28.36%
SBSI
Southside Bancshares
34.90
5.80
19.94%
TMP
Tompkins Financial Corporation
93.63
31.34
50.31%
UVSP
Univest Of Pennsylvania
44.19
14.07
46.71%
ESQ
Esquire Financial Holdings
118.75
21.98
22.71%
First Mid-Illinois Bancshares Corporate Events
Executive/Board ChangesShareholder Meetings
First Mid-Illinois Shareholders Back Directors and Executive Pay
Positive
May 1, 2026
On April 29, 2026, First Mid-Illinois Bancshares held its 2026 Annual Meeting of Stockholders, with 18,743,640 shares represented in person or by proxy, equal to about 70.4% of eligible votes and constituting more than a quorum. Stockholders elect...
Business Operations and StrategyExecutive/Board Changes
First Mid-Illinois Bancshares Announces CEO Succession Plan
Positive
Apr 29, 2026
On April 29, 2026, First Mid Bancshares announced a planned leadership transition, naming current President Matthew K. Smith as Chief Executive Officer and President of the company and First Mid Bank Trust effective July 1, 2026, with an accompan...
Business Operations and StrategyPrivate Placements and Financing
First Mid-Illinois Bancshares Enters New Credit Facilities
Positive
Apr 15, 2026
On April 10, 2026, First Mid Bancshares, Inc. entered into a new credit arrangement with Bankers’ Bank that includes a $15.0 million revolving line of credit maturing April 10, 2027, and a $20.0 million term loan maturing April 10, 2029. The...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.