FMBH
First Mid Bancshares, Inc.
FMBH's fundamentals are strong: revenue grew 16% and its operating margin rose 3 points to 35%. At 12x earnings, it's trading in line with its usual 11x. Analysts expect earnings growth.
FMBH Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| N/A | |
| N/A |
FMBH's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like FMBH.
FMBH PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 9.2x | $39.79 | -22% |
| Fair | 11x | $46.53 | -9.1% |
| Forward | 11x | $51.19 | — |
| Current | 12x | $51.19 | — |
| Expensive | 13x | $56.93 | +11% |
Historical ranges are pointers, not guarantees.
FMBH's PE is in its expensive range at 12x. If earnings grow as analysts expect, today's price would be 11x next year's earnings, in its fair range.
FMBH Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Stable | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for FMBH, with profitability holding steady.
FMBH Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $4.75 | +9.6% |
| Q3 2026 | $4.33 | +18% |
| Q2 2026 | $4.02 | +14% |
| Q1 2026 | $3.96 | +18% |
| Q4 2025 | $3.83 | +16% |
| Q3 2025 | $3.66 | +13% |
| Q2 2025 | $3.53 | +14% |
| Q1 2025 | $3.37 | +9.4% |
| Q4 2024 | $3.30 | +4.8% |
FMBH's earnings per share have climbed steadily: $4.33 over the past year, up 18% from the year before, and higher year over year for eight quarters in a row.
FMBH Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $106.6M | +19% |
| Q2 2026 | $108.5M | +24% |
| Q1 2026 | $97.2M | +15% |
| Q4 2025 | $88.2M | +3.4% |
| Q3 2025 | $89.3M | +11% |
| Q2 2025 | $87.5M | +10% |
| Q1 2025 | $84.3M | +5.4% |
| Q4 2024 | $85.3M | +7.7% |
FMBH's revenue has grown year over year for 13 quarters in a row: $107M last quarter, up 19% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 39% | +7.1 points |
| Q2 2026 | 33% | -1 points |
| Q1 2026 | 35% | +1.5 points |
| Q4 2025 | 34% | +4.3 points |
| Q3 2025 | 32% | +0.7 points |
| Q2 2025 | 34% | +0.7 points |
| Q1 2025 | 33% | -0.3 points |
| Q4 2024 | 30% | +2.4 points |
FMBH's operating margin was 39% last quarter, up 7.1 points from the same quarter a year ago, near the top of its range since 2019.
FMBH Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $45.8M | +43% |
| Q2 2026 | $24.2M | +305% |
| Q1 2026 | $23.1M | -50% |
| Q4 2025 | $40.2M | +8.5% |
| Q3 2025 | $31.9M | -0.3% |
| Q2 2025 | $6M | -74% |
| Q1 2025 | $46M | +67% |
| Q4 2024 | $37M | +31% |
FMBH's free cash flow was $133M over the past year, up 10% from the year before. Free cash flow isn't a meaningful measure for financial services companies like FMBH.
FMBH Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -3K shares |
| 1 year | +11% | +2.6M shares |
| 3 years | +19% | +4.3M shares |
| 5 years | +47% | +8.5M shares |
| Available history | +59% | +9.9M shares |
FMBH has 27M diluted shares, up 11% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | $921,000 |
| Q1 2026 | $500,000 |
| Q4 2024 | $659,000 |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | — |
| Q4 2023 | $460,000 |
FMBH Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q1 2020 | -0.8x | Net Cash |
| Q4 2019 | -1.2x | Net Cash |
FMBH has more cash than debt. Net leverage isn't a meaningful measure for financial services companies like FMBH.
FMBH Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 61.6 | Neutral |
| Stochastic | 53.0 | Neutral |
FMBH's weekly RSI is 62 (neutral) and its Stochastic is 53 (neutral).
FMBH PE vs Financial Services Sector
| Metric | FMBH | Sector median | Relative |
|---|---|---|---|
| PE | 12x | 13x | 9.2% below |
| PE % | 66 | 63 | 3 pts above |
FMBH is trading at 12x earnings, in line with the Financial Services sector's median of 13x.
FMBH Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $50.1 | 2.2% above |
| 20 week MA | $50.3 | 1.8% above |
| 50 week MA | $45.6 | 12% above |
| 100 week MA | $41.2 | 24% above |
| 200 week MA | $36.5 | 40% above |
FMBH is in an uptrend: it's above all five of its weekly moving averages, and 40% above its 200-week average.
FMBH Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $35.3 | $33.5 | -5.1% |
| 2021 | $33.5 | $42.6 | +27% |
| 2022 | $42.6 | $32.2 | -24% |
| 2023 | $32.2 | $34.7 | +7.7% |
| 2024 | $34.7 | $37.0 | +6.7% |
| 2025 | $37.0 | $40.0 | +8.1% |
| 2026 YTD | $40.0 | $51.2 | +28% |
FMBH has finished higher in four of the last six years. It's up 28% so far in 2026.