| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 3/6 |
| Past Performance | 2/6 |
| Financial Health | 6/6 |
| Dividends | 4/6 |
FMBH Overview
First Mid Bancshares, Inc., a financial holding company, provides community banking products and services to commercial, retail, and agricultural customers in the United States.
First Mid Bancshares Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$42.09 |
| 52 Week High | US$25.55 |
| 52 Week Low | US$45.00 |
| Beta | 0.94 |
| 1 Month Change | 2.01% |
| 3 Month Change | 3.70% |
| 1 Year Change | 55.49% |
| 3 Year Change | 12.90% |
| 5 Year Change | 57.05% |
| Change since IPO | 879.68% |
Recent News & Updates
Shareholder Returns
| FMBH | US Banks | US Market | |
|---|---|---|---|
| 7D | 0.2% | 2.0% | 0.9% |
| 1Y | 55.5% | 81.9% | 33.4% |
Return vs Industry: FMBH underperformed the US Banks industry which returned 81.9% over the past year.
Return vs Market: FMBH exceeded the US Market which returned 33.4% over the past year.
Price Volatility
| FMBH volatility | |
|---|---|
| FMBH Beta | 0.94 |
| Industry Beta | 1.32 |
| Market Beta | 1 |
Stable Share Price: FMBH is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: FMBH's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1981 | 960 | Joe Dively | https://www.firstmid.com |
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.
First Mid Bancshares Fundamentals Summary
| FMBH fundamental statistics | |
|---|---|
| Market Cap | US$761.12m |
| Earnings (TTM) | US$41.46m |
| Revenue (TTM) | US$194.56m |
18.4x
P/E Ratio1.2x
P/B RatioIs FMBH overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| FMBH income statement (TTM) | |
|---|---|
| Revenue | US$194.56m |
| Cost of Revenue | US$0 |
| Gross Profit | US$194.56m |
| Expenses | US$153.10m |
| Earnings | US$41.46m |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 2.29 |
| Gross Margin | 100.00% |
| Net Profit Margin | 21.31% |
| Debt/Equity Ratio | 61.5% |
How did FMBH perform over the long term?
See historical performance and comparisonDividends
2.1%
Current Dividend Yield34%
Payout RatioValuation
Is First Mid Bancshares undervalued compared to its fair value and its price relative to the market?
37.3%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: FMBH ($42.09) is trading below our estimate of fair value ($67.36)
Significantly Below Fair Value: FMBH is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: FMBH is poor value based on its PE Ratio (18.4x) compared to the US Banks industry average (11x).
PE vs Market: FMBH is poor value based on its PE Ratio (18.4x) compared to the US market (18.1x).
Price to Earnings Growth Ratio
PEG Ratio: FMBH is good value based on its PEG Ratio (0.8x)
Price to Book Ratio
PB vs Industry: FMBH's PB Ratio (1.2x) is in line with the US Banks industry average.
Future Growth
How is First Mid Bancshares forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
24.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FMBH's forecast earnings growth (24.5% per year) is above the savings rate (2%).
Earnings vs Market: FMBH's earnings (24.5% per year) are forecast to grow faster than the US market (14.7% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: FMBH's revenue (5.8% per year) is forecast to grow slower than the US market (9.9% per year).
High Growth Revenue: FMBH's revenue (5.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: FMBH's Return on Equity is forecast to be low in 3 years time (9.9%).
Past Performance
How has First Mid Bancshares performed over the past 5 years?
17.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FMBH has high quality earnings.
Growing Profit Margin: FMBH's current net profit margins (21.3%) are lower than last year (26.6%).
Past Earnings Growth Analysis
Earnings Trend: FMBH's earnings have grown by 17.1% per year over the past 5 years.
Accelerating Growth: FMBH's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: FMBH had negative earnings growth (-5.3%) over the past year, making it difficult to compare to the Banks industry average (38.4%).
Return on Equity
High ROE: FMBH's Return on Equity (6.7%) is considered low.
Financial Health
How is First Mid Bancshares's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: FMBH's Assets to Equity ratio (9.4x) is low.
Allowance for Bad Loans: FMBH has a sufficient allowance for bad loans (180%).
Low Risk Liabilities: 92% of FMBH's liabilities are made up of primarily low risk sources of funding.
Loan Level: FMBH has an appropriate level of Loans to Assets ratio (65%).
Low Risk Deposits: FMBH's Loans to Deposits ratio (79%) is appropriate.
Level of Bad Loans: FMBH has an appropriate level of bad loans (0.8%).
Dividend
What is First Mid Bancshares's current dividend yield, its reliability and sustainability?
2.09%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: FMBH's dividend (2.09%) is higher than the bottom 25% of dividend payers in the US market (1.28%).
High Dividend: FMBH's dividend (2.09%) is low compared to the top 25% of dividend payers in the US market (3.48%).
Stability and Growth of Payments
Stable Dividend: FMBH's dividend payments have been volatile in the past 10 years.
Growing Dividend: FMBH's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (34%), FMBH's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: FMBH's dividends in 3 years are forecast to be well covered by earnings (23.9% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
6.6yrs
Average management tenure
CEO
Joe Dively (62 yo)
7.75yrs
Tenure
US$1,011,661
Compensation
Mr. Joseph R. Dively, also known as Joe, has been the Chairman of the Board, Chief Executive Officer and President of First Mid Bancshares, Inc (formerly known as First Mid-Illinois Bancshares, Inc.)) sinc...
CEO Compensation Analysis
Compensation vs Market: Joe's total compensation ($USD1.01M) is below average for companies of similar size in the US market ($USD2.26M).
Compensation vs Earnings: Joe's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: FMBH's management team is seasoned and experienced (6.6 years average tenure).
Board Members
Experienced Board: FMBH's board of directors are considered experienced (7.3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: FMBH insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 8.1%.
Top Shareholders
Company Information
First Mid Bancshares, Inc.'s employee growth, exchange listings and data sources
Key Information
- Name: First Mid Bancshares, Inc.
- Ticker: FMBH
- Exchange: NasdaqGM
- Founded: 1981
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$761.119m
- Shares outstanding: 18.08m
- Website: https://www.firstmid.com
Number of Employees
Location
- First Mid Bancshares, Inc.
- 1421 Charleston Avenue
- Mattoon
- Illinois
- 61938
- United States
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/10/27 23:03 |
| End of Day Share Price | 2021/10/27 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2020/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.