FMBH Stock Analysis: First Mid Illinois | NASDAQ
Banks - Regional | NASDAQ, USA | Market Cap: 1.314m USD | 12M Return: 35.2% | US3208661062 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 6.11M
EPS Trend: 83.0%
Qual. Beats: 2
Rev. Trend: 83.8%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
First Mid Bancshares, Inc. (FMBH) is a U.S.-based financial holding company that operates a community banking franchise serving commercial, retail, and agricultural customers. Founded in 1865 and headquartered in Mattoon, Illinois, the company accepts a range of deposit products and originates loans across categories including commercial real estate, commercial and industrial, agricultural, residential real estate, construction and land development, and consumer loans, as well as municipal lending for community projects.
Beyond traditional banking, First Mid offers wealth management services such as estate planning, investment advisory, employee benefits, farm management, and brokerage, alongside property and casualty, senior, group medical, and personal lines insurance products. As a community bank operating within the regional banks sub-industry, its business model centers on relationship-based lending and deposit gathering in its local markets rather than the large-scale, nationally diversified activities of money-center banks.
- Net interest margin compresses as Fed cuts rates
- Commercial real estate loan portfolio faces credit losses
- Agricultural lending exposure pressured by Illinois farmland prices
- M&A pipeline drives balance sheet growth in Midwest markets
| Net Income: 100.3m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA -0.23 > 1.0 |
| NWC/Revenue: -1.33k% < 20% (prev -1.29k%; Δ -41.12% < -1%) |
| CFO/TA 0.01 > 3% & CFO 126.6m > Net Income 100.3m |
| Net Debt (-969.3m) to EBITDA (90.8m): -10.67 < 3 |
| Current Ratio: 0.21 > 1.5 & < 3 |
| Outstanding Shares: last quarter (26.6m) vs 12m ago 10.90% < -2% |
| Gross Margin: 65.16% > 18% (prev 71.00%; Δ -5.85% > 0.5%) |
| Asset Turnover: 5.39% > 50% (prev 5.90%; Δ -0.50% > 0%) |
| Interest Coverage Ratio: 0.59 > 6 (EBIT TTM 73.7m / Interest Expense TTM 124.2m) |
| A: -0.66 (Total Current Assets 1.64b - Total Current Liabilities 7.72b) / Total Assets 9.21b |
| B: 0.06 (Retained Earnings 509.0m / Total Assets 9.21b) |
| C: 0.01 (EBIT TTM 73.7m / Avg Total Assets 8.45b) |
| D: 0.14 (Book Value of Equity 1.10b / Total Liabilities 8.11b) |
| Altman-Z'' = -3.95 = D |
| DSRI: 0.48 (Receivables 46.8m/96.7m, Revenue 455.4m/452.9m) |
| GMI: 1.09 (GM 71.00% / 65.16%) |
| AQI: 0.88 (AQ_t 0.81 / AQ_t-1 0.92) |
| SGI: 1.01 (Revenue 455.4m / 452.9m) |
| TATA: -0.00 (NI 100.3m - CFO 126.6m) / TA 9.21b) |
| Beneish M = -3.44 (Cap -4..+1) = AA |
As of October 06, 2026, the stock is trading at USD 49.67 with a total of 154,110 shares traded. Over the past week, the price has changed by +0.57%, over one month by -2.36%, over three months by +2.59% and over the past year by +35.17%.
Current recommended Stop Loss: 48.50 (which is 2.4% or 1.3 ATR below the current price).
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 | 56.5 | 13.8% |
P/E Trailing = 12.3167
P/E Forward = 12.0482
P/S = 3.519
P/B = 1.1768
P/EG = 1.2716
Revenue TTM = 455.4m USD
EBIT TTM = 73.7m USD
EBITDA TTM = 90.8m USD
Long Term Debt = 276.3m USD (from longTermDebt, last quarter)
Short Term Debt = 256.5m USD (from shortTermDebt, last quarter)
Debt = 625.2m USD (from shortLongTermDebtTotal, last quarter) + Leases 13.2m
Net Debt = -969.3m USD (calculated: Debt 625.2m - CCE 1.59b)
Enterprise Value = 344.6m USD (1.31b + Debt 625.2m - CCE 1.59b)
Interest Coverage Ratio = 0.59 (Ebit TTM 73.7m / Interest Expense TTM 124.2m)
EV/FCF = 2.79x (Enterprise Value 344.6m / FCF TTM 123.5m)
FCF Yield = 35.84% (FCF TTM 123.5m / Enterprise Value 344.6m)
FCF Margin = 27.12% (FCF TTM 123.5m / Revenue TTM 455.4m)
Net Margin = 22.01% (Net Income TTM 100.3m / Revenue TTM 455.4m)
Gross Margin = 65.16% ((Revenue TTM 455.4m - Cost of Revenue TTM 158.7m) / Revenue TTM)
Gross Margin QoQ = 69.34% (prev 70.35%)
Tobins Q-Ratio = 0.04 (Enterprise Value 344.6m / Total Assets 9.21b)
Interest Expense / Debt = 19.87% (Interest Expense 124.2m / Debt 625.2m)
Taxrate = 22.28% (28.7m / 129.0m)
NOPAT = 57.3m (EBIT 73.7m * (1 - 22.28%))
Current Ratio = 0.21 (Total Current Assets 1.64b / Total Current Liabilities 7.72b)
Debt / Equity = 0.57 (Debt 625.2m / totalStockholderEquity, last quarter 1.10b)
Debt / EBITDA = -10.67 (Net Debt -969.3m / EBITDA 90.8m)
Debt / FCF = -7.85 (Net Debt -969.3m / FCF TTM 123.5m)
Total Stockholder Equity = 1.02b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.19% (Net Income 100.3m / Total Assets 9.21b)
RoE = 9.86% (Net Income TTM 100.3m / Total Stockholder Equity 1.02b)
RoCE = 5.70% (EBIT 73.7m / Capital Employed (Equity 1.02b + L.T.Debt 276.3m))
RoIC = 3.32% (NOPAT 57.3m / Invested Capital 1.73b)
WACC = 10.15% (E(1.31b)/V(1.94b) * Re(7.63%) + D(625.2m)/V(1.94b) * Rd(19.87%) * (1-Tc(0.22)))
Discount Rate = 7.63% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 65.37 | Cagr: 4.76%
[DCF] Terminal Value 69.72% ; FCFF base≈122.5m ; Y1≈125.2m ; Y5≈137.2m
[DCF] Fair Price = 97.60 (EV 1.63b - Net Debt -969.3m = Equity 2.60b / Shares 26.6m; r=10.15% [WACC]; 5y FCF grow 2.10% → 2.50% )
EPS Correlation: 83.01 | EPS CAGR: 7.52% | SUE: 3.60 | # QB: 2
Revenue Correlation: 83.78 | Revenue CAGR: 8.57% | SUE: 0.46 | # QB: 0
EPS current Quarter (2026-09-30): EPS=1.15 | Chg30d=+0.00% | Revisions=+30% | Analysts=7
EPS current Year (2026-12-31): EPS=4.74 | Chg30d=+0.03% | Revisions=+70% | GrowthEPS=+19.0% | GrowthRev=+23.3%
EPS next Year (2027-12-31): EPS=4.96 | Chg30d=+0.29% | Revisions=+29% | GrowthEPS=+4.7% | GrowthRev=+5.9%
[Analyst] Revisions Ratio: +57% (up=15, down=3)