First Mid-Illinois Bancshares (FMBH) AI Stock Analysis

• Market Cap: $863.17M
• Dividend Yield: 2.76%
• Average Volume (3M): 61.24K
• Price to Earnings (P/E): 9.9
• Beta (1Y): 0.95
• Revenue Growth: 3.54%
• EPS Growth: 12.23%
• Country: US
• Employees: 1,194
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 0.94
• Shares Outstanding: 23,996,834
• 10 Day Avg. Volume: 63,307
• 30 Day Avg. Volume: 61,237
• 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: 1.55
• Enterprise Value/Revenue: 2.89
• Enterprise Value/Gross Profit: 4.39
• Enterprise Value/Ebitda: 10.50
• 1Y Price Target: $48.00
• Price Target Upside: 30.36% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 68 Neutral
• Price Target: $41.00 ▲(11.35% Upside)

First Mid-Illinois Bancshares has a strong financial foundation with robust profitability and a stable balance sheet. However, technical indicators suggest bearish momentum, which may pose short-term risks. The stock's valuation is reasonable, offering a good dividend yield, making it attractive for long-term investors.

Positive Factors

Revenue Growth

Consistent revenue growth indicates a strong market position and effective customer acquisition, supporting long-term business sustainability.

Profitability

High profit margins reflect efficient operations and strong pricing power, enhancing the company's ability to reinvest in growth and innovation.

Balance Sheet Health

A moderate debt-to-equity ratio suggests prudent financial management, providing stability and flexibility for future investments.

Negative Factors

Free Cash Flow Decline

Declining free cash flow may limit the company's ability to fund new projects or return capital to shareholders, potentially impacting growth.

Cash Conversion Challenges

Difficulty in converting income to cash could strain liquidity and operational flexibility, affecting the company's ability to respond to market changes.

Debt Level Monitoring

Increasing debt levels, if unchecked, could lead to higher interest expenses and financial risk, impacting long-term financial health.

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 with robust revenue growth and profitability. The balance sheet reflects a stable financial position with moderate leverage. While cash flow management is generally effective, recent declines in free cash flow growth highlight areas for improvement.

Income Statement

First Mid-Illinois Bancshares shows strong revenue growth with a TTM revenue growth rate of 1.35%. The gross profit margin is healthy at 71%, and the net profit margin is robust at 18.6%. EBIT and EBITDA margins are solid, indicating efficient operations. Overall, the company demonstrates strong profitability and growth in the regional banking sector.

Balance Sheet

The company maintains a moderate debt-to-equity ratio of 0.62, reflecting a balanced approach to leveraging. Return on equity is reasonable at 9.71%, indicating effective use of equity capital. The equity ratio is stable, suggesting a solid financial structure. However, the slight increase in debt levels over time warrants monitoring.

Cash Flow

Operating cash flow is strong, but free cash flow has seen a decline of 12.25% in the TTM period. The operating cash flow to net income ratio is low, indicating potential challenges in converting income into cash. However, the free cash flow to net income ratio remains high at 95.2%, suggesting efficient cash management despite recent declines.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	462.92M	447.28M	381.63M	286.27M	249.66M	201.37M
Gross Profit	304.57M	313.00M	268.82M	249.85M	219.25M	168.54M
EBITDA	127.43M	125.17M	103.31M	106.35M	81.24M	71.46M
Net Income	87.24M	78.90M	68.94M	72.95M	51.49M	45.27M
Balance Sheet
Total Assets	7.83B	7.54B	7.59B	6.74B	5.99B	4.73B
Cash, Cash Equivalents and Short-Term Investments	1.38B	1.19B	1.31B	1.37B	1.59B	1.30B
Total Debt	0.00	572.58M	622.94M	816.44M	361.63M	431.54M
Total Liabilities	6.90B	6.67B	6.79B	6.11B	5.35B	4.16B
Stockholders Equity	932.18M	846.39M	793.20M	633.15M	633.89M	568.23M
Cash Flow
Free Cash Flow	125.70M	119.48M	68.78M	60.80M	65.89M	61.08M
Operating Cash Flow	126.94M	124.42M	72.42M	65.82M	69.60M	63.54M
Investing Cash Flow	-186.25M	-7.51M	474.38M	-178.69M	-482.50M	-562.42M
Financing Cash Flow	172.20M	-138.76M	-556.17M	96.69M	164.22M	831.08M

First Mid-Illinois Bancshares Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 36.82
• 50DMA: Negative
• 100DMA: Negative
• 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 36.82 is above the 20-day moving average (MA) of 36.35, below the 50-day MA of 37.82, and above the 200-day MA of 36.71, indicating a neutral trend. The MACD of -0.30 indicates Negative momentum. The RSI at 50.53 is Neutral, neither overbought nor oversold. The STOCH value of 80.49 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
ESQ	79 Outperform	$810.91M	16.69	19.19%	0.72%	17.98%	14.35%
OSBC	77 Outperform	$952.70M	11.99	9.24%	1.36%	10.42%	-18.32%
UVSP	75 Outperform	$838.04M	9.85	9.61%	2.94%	4.49%	20.44%
TMP	68 Neutral	$940.09M	11.05	11.20%	3.76%	9.55%	27.32%
FMBH	68 Neutral	$863.17M	9.87	9.74%	2.76%	3.54%	12.23%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
SBSI	60 Neutral	$865.60M	12.50	8.53%	5.00%	-4.08%	-16.80%