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First Mid-Illinois Bancshares
(NASDAQ:FMBH)
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Rating:72Outperform
Price Target:
$57.00
â–²(11.76% Upside)
Action:Reiterated
Date:08/08/26
The score is driven primarily by solid financial health (improving leverage and strong cash conversion), partially offset by the recent TTM revenue decline and margin compression. Technicals add support with an above-moving-averages uptrend and positive MACD, while valuation appears reasonable at ~12.9x earnings with a ~1.9% dividend yield.
Positive Factors
Improved leverage
Material deleveraging meaningfully strengthens balance sheet resilience. Lower debt-to-equity reduces interest burden and increases capacity to absorb loan losses or fund organic growth, supporting stable lending and regulatory flexibility over the next several quarters.
Negative Factors
Recent revenue decline
A pronounced TTM top-line decline weakens the operating base and can persistently reduce scale economics. If sustained, lower revenue constrains net interest and fee growth, limiting ability to cover fixed costs and invest in technology or branch expansion.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved leverage
Material deleveraging meaningfully strengthens balance sheet resilience. Lower debt-to-equity reduces interest burden and increases capacity to absorb loan losses or fund organic growth, supporting stable lending and regulatory flexibility over the next several quarters.
Read all positive factors
First Mid-Illinois Bancshares (FMBH) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.39B
Dividend Yield1.92%
Average Volume (3M)61.24K
Price to Earnings (P/E)12.9
Beta (1Y)0.80
Revenue Growth10.34%
EPS Growth14.55%
CountryUS
Employees1,335
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)4.04
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 Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$56.83Price Target Upside11.44% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)4.43
Revenue Forecast (FY)$425.55M
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
62
Positive
Balance Sheet
74
Positive
Cash Flow
78
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 455.40M | 466.04M | 447.28M | 381.63M | 286.27M | 249.66M |
| Gross Profit | 296.72M | 339.30M | 313.00M | 268.82M | 249.85M | 219.25M |
| EBITDA | 90.81M | 136.82M | 125.17M | 103.31M | 106.35M | 81.24M |
| Net Income | 100.26M | 91.75M | 78.90M | 68.94M | 72.95M | 51.49M |
Balance Sheet | ||||||
| Total Assets | 9.21B | 7.97B | 7.52B | 7.59B | 6.74B | 5.99B |
| Cash, Cash Equivalents and Short-Term Investments | 1.59B | 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 | 8.11B | 7.01B | 6.67B | 6.79B | 6.11B | 5.35B |
| Stockholders Equity | 1.10B | 958.69M | 846.39M | 793.20M | 633.15M | 633.89M |
Cash Flow | ||||||
| Free Cash Flow | 123.51M | 124.03M | 119.48M | 68.78M | 60.80M | 65.89M |
| Operating Cash Flow | 126.65M | 130.87M | 124.42M | 72.42M | 65.82M | 69.60M |
| Investing Cash Flow | -221.20M | -302.63M | -7.51M | 474.38M | -178.69M | -482.50M |
| Financing Cash Flow | 208.39M | 305.45M | -138.76M | -556.17M | 96.69M | 164.22M |
First Mid-Illinois Bancshares Technical Analysis
Positive
51.00
Price Trends
48.10
Positive
45.17
Positive
42.40
Positive
Market Momentum
1.21
Positive
57.13
Neutral
50.40
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 51 is above the 20-day moving average (MA) of 50.68, above the 50-day MA of 48.10, and above the 200-day MA of 42.40, indicating a bullish trend. The MACD of 1.21 indicates Positive momentum. The RSI at 57.13 is Neutral, neither overbought nor oversold. The STOCH value of 50.40 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 |
|---|---|---|---|---|---|---|---|
80 Outperform | $1.12B | 20.38 | 17.82% | 0.62% | 19.99% | 10.00% | |
75 Outperform | $1.30B | 14.21 | 10.39% | 1.09% | 33.92% | -4.91% | |
74 Outperform | $1.22B | 12.68 | 10.41% | 2.01% | 2.41% | 26.67% | |
73 Outperform | $1.44B | 8.12 | 19.30% | 2.58% | -13.65% | 120.32% | |
72 Outperform | $1.39B | 12.89 | 9.86% | 1.96% | 10.34% | 14.55% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | $969.06M | 12.80 | 8.89% | 4.21% | -4.09% | -9.75% |
* Financial Sector Average
FMBH
First Mid-Illinois Bancshares
51.17
14.77
40.57%
OSBC
Old Second Bancorp
25.44
8.88
53.59%
SBSI
Southside Bancshares
32.44
4.87
17.66%
TMP
Tompkins Financial Corporation
98.73
38.13
62.93%
UVSP
Univest Of Pennsylvania
42.84
14.85
53.04%
ESQ
Esquire Financial Holdings
131.38
38.32
41.18%
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.