First Mid-Illinois Bancshares (FMBH) AI Stock Analysis

• Market Cap: $945.41M
• Dividend Yield: 2.44%
• Average Volume (3M): 75.32K
• Price to Earnings (P/E): 11.7
• Beta (1Y): 0.96
• Revenue Growth: 10.25%
• EPS Growth: 8.73%
• Country: US
• Employees: 1,194
• Sector: Financial
• Sector Strength: 81
• Industry: Banks - Regional
• EPS (TTM): 0.93
• Shares Outstanding: 23,988,995
• 10 Day Avg. Volume: 102,856
• 30 Day Avg. Volume: 75,321
• PEG Ratio: 0.35
• Price to Book (P/B): 1.02
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 10.64
• Enterprise Value/Market Cap: 1.14
• Enterprise Value/Revenue: 0.72
• Enterprise Value/Gross Profit: 3.29
• Enterprise Value/Ebitda: 2.31
• 1Y Price Target: $42.20
• Price Target Upside: 7.08% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 5

• Rating: 75 Outperform
• Price Target: $42.00 ▲(6.57%Upside)

The overall stock score of First Mid-Illinois Bancshares is driven primarily by its strong financial performance and positive technical indicators. Valuation metrics are supportive, offering reasonable value and an attractive dividend yield. Recent corporate events add to the positive outlook, indicating strategic planning and growth potential.

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) operates as a financial holding company that provides a range of banking, trust, and financial services to individual and corporate clients. The company, through its subsidiaries, offers traditional banking services such as deposits, loans, and credit services, as well as wealth management, insurance, and retirement planning services. It primarily serves communities in Illinois and surrounding states, focusing on personalized customer service and community involvement.

How the Company Makes Money

First Mid-Illinois Bancshares generates revenue primarily through interest income from its loan portfolio and investments, as well as non-interest income from service charges, fees, and commissions. The company earns interest income by lending funds to individuals and businesses at higher rates than it pays on customer deposits. Non-interest income is derived from a variety of services, including wealth management and trust services, insurance services, and transaction fees. Additionally, the company may engage in strategic partnerships or acquisitions to expand its service offerings and market reach, enhancing its revenue potential.

First Mid-Illinois Bancshares Financial Statement Overview

Summary

First Mid-Illinois Bancshares demonstrates strong financial health with robust revenue and profit growth, efficient cost management, and solid cash flow generation. The balance sheet is well-managed with reasonable leverage and strong equity support, indicating stability and growth potential.

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	425.77M	318.63M	274.93M	254.66M	237.52M	184.64M
Gross Profit	326.45M	313.00M	274.14M	254.66M	237.52M	186.93M
EBITDA	124.16M	125.17M	103.31M	91.29M	66.79M	68.60M
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	1.25B	1.19B	1.32B	1.37B	1.59B	1.30B
Total Debt	532.90M	368.46M	622.94M	578.99M	200.04M	207.25M
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	141.97M	119.48M	68.78M	60.80M	65.89M	61.08M
Operating Cash Flow	154.10M	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: 39.41
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

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 39.41 is above the 20-day moving average (MA) of 36.60, above the 50-day MA of 35.87, and above the 200-day MA of 37.00, indicating a bullish trend. The MACD of 0.75 indicates Negative momentum. The RSI at 68.39 is Neutral, neither overbought nor oversold. The STOCH value of 91.95 is Negative, 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
AMAL	77 Outperform	$982.85M	9.53	15.41%	1.74%	10.80%	10.48%
FMBH	75 Outperform	$945.41M	11.71	9.65%	2.44%	10.25%	8.73%
BHRB	75 Outperform	$918.18M	17.43	10.71%	3.49%	181.68%	28.82%
SBSI	72 Outperform	$921.53M	10.48	11.03%	4.72%	9.34%	8.12%
UVSP	69 Neutral	$894.13M	11.62	8.93%	2.84%	7.16%	12.20%
HFWA	66 Neutral	$846.16M	16.73	5.95%	3.87%	9.12%	11.62%
Sector *	61 Neutral	C$14.62B	6.19	20.17%	5.67%	26.93%	-38.21%

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.

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.