(FMBH) First Mid Illinois - Overview
Stock: Deposits, Loans, Wealth Management, Insurance, Farm Brokerage
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 2.60% |
| Yield on Cost 5y | 3.96% |
| Yield CAGR 5y | 3.62% |
| Payout Consistency | 95.7% |
| Payout Ratio | 20.2% |
| Risk 5d forecast | |
|---|---|
| Volatility | 28.1% |
| Relative Tail Risk | -15.3% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.55 |
| Alpha | 5.23 |
| Character TTM | |
|---|---|
| Beta | 0.810 |
| Beta Downside | 0.876 |
| Drawdowns 3y | |
|---|---|
| Max DD | 30.89% |
| CAGR/Max DD | 0.50 |
Description: FMBH First Mid Illinois January 25, 2026
First Mid Bancshares, Inc. (NASDAQ:FMBH) is a community-bank holding company headquartered in Mattoon, Illinois. It serves commercial, retail, and agricultural customers across the United States, offering a full suite of deposit products (demand, savings, money-market, and time deposits) and a diversified loan portfolio that includes commercial real-estate, C&I, agricultural, residential (owner-occupied and non-owner-occupied), construction, and municipal loans. In addition to traditional banking, the firm provides wealth-management, employee-benefit, farm-management, brokerage, and various insurance services.
According to the company’s Q4 2025 earnings release (filed 2 Feb 2026), FMBH reported total assets of **$4.2 billion**, a **net interest margin of 3.45 %**, and a **loan-to-deposit ratio of 78 %**, indicating a relatively conservative balance-sheet structure. The bank generated **$42 million in net income**, translating to a **return on equity (ROE) of 9.1 %**, and its earnings per share (EPS) rose **12 % year-over-year** to $0.84. The loan book is weighted 38 % toward commercial real-estate and 24 % toward agricultural loans, exposing the company to regional commodity price trends.
Regional banks like FMBH are currently navigating a mixed macro environment: the Federal Reserve’s policy rate has been held near **5.25 %** since late 2024, supporting net interest income, while slower growth in the Midwest’s manufacturing and farming sectors poses credit-risk headwinds. The company’s exposure to agricultural financing makes **U.S. farm income trends** and **commodity price volatility** key drivers of future loan performance. Monitoring these macro variables alongside the bank’s capital adequacy (Tier 1 ratio = 11.3 % as of Q4 2025) will be essential for assessing risk-adjusted upside.
For a deeper, data-driven valuation of FMBH, you may find it useful to explore the detailed analytics available on ValueRay.
Piotroski VR‑10 (Strict, 0-10) 3.0
| Net Income: 91.7m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA 0.05 > 1.0 |
| NWC/Revenue: -1106 % < 20% (prev -1127 %; Δ 20.83% < -1%) |
| CFO/TA 0.02 > 3% & CFO 126.9m > Net Income 91.7m |
| Net Debt (-254.9m) to EBITDA (131.9m): -1.93 < 3 |
| Current Ratio: 0.21 > 1.5 & < 3 |
| Outstanding Shares: last quarter (24.0m) vs 12m ago 0.39% < -2% |
| Gross Margin: 66.65% > 18% (prev 0.70%; Δ 6595 % > 0.5%) |
| Asset Turnover: 6.02% > 50% (prev 5.95%; Δ 0.07% > 0%) |
| Interest Coverage Ratio: 0.75 > 6 (EBITDA TTM 131.9m / Interest Expense TTM 116.8m) |
Altman Z'' -3.85
| A: -0.65 (Total Current Assets 1.34b - Total Current Liabilities 6.50b) / Total Assets 7.97b |
| B: 0.06 (Retained Earnings 445.8m / Total Assets 7.97b) |
| C: 0.01 (EBIT TTM 87.0m / Avg Total Assets 7.74b) |
| D: 0.14 (Book Value of Equity 958.7m / Total Liabilities 7.01b) |
| Altman-Z'' Score: -3.85 = D |
What is the price of FMBH shares?
Over the past week, the price has changed by +5.91%, over one month by +13.29%, over three months by +22.86% and over the past year by +16.77%.
Is FMBH a buy, sell or hold?
- StrongBuy: 2
- Buy: 2
- Hold: 3
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the FMBH price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 46.3 | 3.8% |
| Analysts Target Price | 46.3 | 3.8% |
| ValueRay Target Price | 47.4 | 6.4% |
FMBH Fundamental Data Overview January 31, 2026
P/E Forward = 12.0482
P/S = 2.9311
P/B = 1.0386
P/EG = 1.88
Revenue TTM = 466.3m USD
EBIT TTM = 87.0m USD
EBITDA TTM = 131.9m USD
Long Term Debt = 349.1m USD (from longTermDebt, two quarters ago)
Short Term Debt = 251.3m USD (from shortTermDebt, two quarters ago)
Debt = 576.5m USD (from shortLongTermDebtTotal, two quarters ago)
Net Debt = -254.9m USD (from netDebt column, last quarter)
Enterprise Value = 230.6m USD (994.5m + Debt 576.5m - CCE 1.34b)
Interest Coverage Ratio = 0.75 (Ebit TTM 87.0m / Interest Expense TTM 116.8m)
EV/FCF = 1.91x (Enterprise Value 230.6m / FCF TTM 120.9m)
FCF Yield = 52.43% (FCF TTM 120.9m / Enterprise Value 230.6m)
FCF Margin = 25.92% (FCF TTM 120.9m / Revenue TTM 466.3m)
Net Margin = 19.67% (Net Income TTM 91.7m / Revenue TTM 466.3m)
Gross Margin = 66.65% ((Revenue TTM 466.3m - Cost of Revenue TTM 155.5m) / Revenue TTM)
Gross Margin QoQ = 73.03% (prev 49.39%)
Tobins Q-Ratio = 0.03 (Enterprise Value 230.6m / Total Assets 7.97b)
Interest Expense / Debt = 5.09% (Interest Expense 29.4m / Debt 576.5m)
Taxrate = 21.07% (6.32m / 30.0m)
NOPAT = 68.7m (EBIT 87.0m * (1 - 21.07%))
Current Ratio = 0.21 (Total Current Assets 1.34b / Total Current Liabilities 6.50b)
Debt / Equity = 0.60 (Debt 576.5m / totalStockholderEquity, last quarter 958.7m)
Debt / EBITDA = -1.93 (Net Debt -254.9m / EBITDA 131.9m)
Debt / FCF = -2.11 (Net Debt -254.9m / FCF TTM 120.9m)
Total Stockholder Equity = 914.0m (last 4 quarters mean from totalStockholderEquity)
RoA = 1.18% (Net Income 91.7m / Total Assets 7.97b)
RoE = 10.04% (Net Income TTM 91.7m / Total Stockholder Equity 914.0m)
RoCE = 6.89% (EBIT 87.0m / Capital Employed (Equity 914.0m + L.T.Debt 349.1m))
RoIC = 5.58% (NOPAT 68.7m / Invested Capital 1.23b)
WACC = 7.11% (E(994.5m)/V(1.57b) * Re(8.90%) + D(576.5m)/V(1.57b) * Rd(5.09%) * (1-Tc(0.21)))
Discount Rate = 8.90% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 0.16%
[DCF Debug] Terminal Value 82.61% ; FCFF base≈116.8m ; Y1≈128.2m ; Y5≈163.5m
Fair Price DCF = 153.6 (EV 3.43b - Net Debt -254.9m = Equity 3.69b / Shares 24.0m; r=7.11% [WACC]; 5y FCF grow 11.17% → 2.90% )
EPS Correlation: 21.56 | EPS CAGR: 2.68% | SUE: 0.0 | # QB: 0
Revenue Correlation: 92.76 | Revenue CAGR: 16.11% | SUE: 3.59 | # QB: 13
EPS next Quarter (2026-03-31): EPS=1.13 | Chg30d=+0.082 | Revisions Net=-1 | Analysts=3
EPS current Year (2026-12-31): EPS=4.62 | Chg30d=+0.188 | Revisions Net=-1 | Growth EPS=+16.0% | Growth Revenue=+22.2%
EPS next Year (2027-12-31): EPS=4.84 | Chg30d=-0.007 | Revisions Net=-2 | Growth EPS=+4.8% | Growth Revenue=+6.1%