(FMBH) First Mid Illinois - Overview
Sector: Financial Services | Industry: Banks - Regional | Exchange: NASDAQ (USA) | Market Cap: 1.133m USD | Total Return: 27.1% in 12m
Avg Turnover: 3.53M
EPS Trend: 64.4%
Qual. Beats: 1
Rev. Trend: 87.9%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
Confidence
First Mid Bancshares, Inc. (FMBH) is a financial holding company headquartered in Mattoon, Illinois, providing community banking, wealth management, and insurance services. Established in 1865, the institution serves commercial, retail, and agricultural clients through a diversified portfolio of deposit products and credit solutions, including municipal, industrial, and residential real estate loans.
The company operates under a diversified community banking model, which relies on localized deposit gathering to fund a variety of interest-bearing loan assets. Unlike larger money-center banks, regional banks in this sector often leverage specialized agricultural and farm management services to maintain market share in rural and mid-sized markets.
Investors can evaluate the company’s valuation metrics and historical performance data on ValueRay to gain deeper insights.
In addition to traditional banking, First Mid Bancshares provides non-interest income streams through its wealth management division and an insurance agency offering property, casualty, and group medical coverage. This multi-pillar service structure is designed to mitigate the impact of interest rate volatility on net interest margins.
- Net interest margin volatility driven by Federal Reserve interest rate policy shifts
- Agricultural loan performance sensitive to commodity prices and Midwest farming cycles
- Non-interest income growth through wealth management and insurance service expansion
- Strategic regional acquisitions influence capital allocation and asset base scaling
- Commercial real estate exposure impacts credit loss provisions and balance sheet health
| Net Income: 95.9m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA -0.73 > 1.0 |
| NWC/Revenue: -1.42k% < 20% (prev -1.30k%; Δ -121.7% < -1%) |
| CFO/TA 0.01 > 3% & CFO 108.1m > Net Income 95.9m |
| Net Debt (561.0m) to EBITDA (116.5m): 4.82 < 3 |
| Current Ratio: 0.02 > 1.5 & < 3 |
| Outstanding Shares: last quarter (24.9m) vs 12m ago 3.90% < -2% |
| Gross Margin: 65.91% > 18% (prev 0.70%; Δ 6.52k% > 0.5%) |
| Asset Turnover: 5.41% > 50% (prev 5.90%; Δ -0.49% > 0%) |
| Interest Coverage Ratio: 0.81 > 6 (EBITDA TTM 116.5m / Interest Expense TTM 118.5m) |
| A: -0.70 (Total Current Assets 111.6m - Total Current Liabilities 6.60b) / Total Assets 9.29b |
| B: 0.05 (Retained Earnings 483.9m / Total Assets 9.29b) |
| C: 0.01 (EBIT TTM 96.4m / Avg Total Assets 8.43b) |
| D: 0.06 (Book Value of Equity 486.2m / Total Liabilities 8.21b) |
| Altman-Z'' = -4.27 = D |
| DSRI: 0.48 (Receivables 46.8m/95.3m, Revenue 456.4m/446.9m) |
| GMI: 1.07 (GM 65.91% / 70.41%) |
| AQI: 1.07 (AQ_t 0.98 / AQ_t-1 0.91) |
| SGI: 1.02 (Revenue 456.4m / 446.9m) |
| TATA: -0.00 (NI 95.9m - CFO 108.1m) / TA 9.29b) |
| Beneish M = -3.34 (Cap -4..+1) = AA |
As of May 24, 2026, the stock is trading at USD 43.76 with a total of 91,522 shares traded.
Over the past week, the price has changed by +4.33%,
over one month by +2.45%,
over three months by +4.23% and
over the past year by +27.09%.
First Mid Illinois has received a consensus analysts rating of 3.86. Therefore, it is recommended to buy FMBH.
- StrongBuy: 2
- Buy: 2
- Hold: 3
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 49 | 12% |
P/E Forward = 10.2354
P/S = 3.2252
P/B = 1.0336
P/EG = 1.2716
Revenue TTM = 456.4m USD
EBIT TTM = 96.4m USD
EBITDA TTM = 116.5m USD
Long Term Debt = 341.5m USD (from longTermDebt, last quarter)
Short Term Debt = 212.2m USD (from shortTermDebt, last quarter)
Debt = 625.9m USD (from shortLongTermDebtTotal, last quarter) + Leases 14.0m
Net Debt = 561.0m USD (calculated: Debt 625.9m - CCE 64.9m)
Enterprise Value = 1.69b USD (1.13b + Debt 625.9m - CCE 64.9m)
Interest Coverage Ratio = 0.81 (Ebit TTM 96.4m / Interest Expense TTM 118.5m)
EV/FCF = 16.74x (Enterprise Value 1.69b / FCF TTM 101.2m)
FCF Yield = 5.97% (FCF TTM 101.2m / Enterprise Value 1.69b)
FCF Margin = 22.17% (FCF TTM 101.2m / Revenue TTM 456.4m)
Net Margin = 21.01% (Net Income TTM 95.9m / Revenue TTM 456.4m)
Gross Margin = 65.91% ((Revenue TTM 456.4m - Cost of Revenue TTM 155.6m) / Revenue TTM)
Gross Margin QoQ = 70.35% (prev 73.03%)
Tobins Q-Ratio = 0.18 (Enterprise Value 1.69b / Total Assets 9.29b)
Interest Expense / Debt = 18.93% (Interest Expense 118.5m / Debt 625.9m)
Taxrate = 22.35% (7.58m / 33.9m)
NOPAT = 74.8m (EBIT 96.4m * (1 - 22.35%))
Current Ratio = 0.02 (Total Current Assets 111.6m / Total Current Liabilities 6.60b)
Debt / Equity = 0.58 (Debt 625.9m / totalStockholderEquity, last quarter 1.08b)
Debt / EBITDA = 4.82 (Net Debt 561.0m / EBITDA 116.5m)
Debt / FCF = 5.54 (Net Debt 561.0m / FCF TTM 101.2m)
Total Stockholder Equity = 965.4m (last 4 quarters mean from totalStockholderEquity)
RoA = 1.14% (Net Income 95.9m / Total Assets 9.29b)
RoE = 9.93% (Net Income TTM 95.9m / Total Stockholder Equity 965.4m)
RoCE = 7.37% (EBIT 96.4m / Capital Employed (Equity 965.4m + L.T.Debt 341.5m))
RoIC = 0.81% (NOPAT 74.8m / Invested Capital 9.29b)
WACC = 10.42% (E(1.13b)/V(1.76b) * Re(8.06%) + D(625.9m)/V(1.76b) * Rd(18.93%) * (1-Tc(0.22)))
Discount Rate = 8.06% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 42.22 | Cagr: 1.79%
[DCF] Terminal Value 65.77% ; FCFF base≈115.9m ; Y1≈101.6m ; Y5≈82.1m
[DCF] Fair Price = 15.87 (EV 983.5m - Net Debt 561.0m = Equity 422.5m / Shares 26.6m; r=10.42% [WACC]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: 64.38 | EPS CAGR: 4.10% | SUE: 2.06 | # QB: 1
Revenue Correlation: 87.93 | Revenue CAGR: 12.65% | SUE: 0.43 | # QB: 0
EPS current Quarter (2026-06-30): EPS=1.10 | Chg30d=+1.84% | Revisions=+40% | Analysts=7
EPS next Quarter (2026-09-30): EPS=1.13 | Chg30d=+1.93% | Revisions=+27% | Analysts=7
EPS current Year (2026-12-31): EPS=4.56 | Chg30d=+3.13% | Revisions=+64% | GrowthEPS=+14.6% | GrowthRev=+23.5%
EPS next Year (2027-12-31): EPS=4.89 | Chg30d=+1.63% | Revisions=+56% | GrowthEPS=+7.3% | GrowthRev=+6.2%
[Analyst] Revisions Ratio: +64%