First Mid Bancshares Full Year 2024 Earnings: In Line With Expectations

First Mid Bancshares (NASDAQ:FMBH) Full Year 2024 Results

Key Financial Results

• Revenue: US$319.4m (up 17% from FY 2023).
• Net income: US$78.9m (up 14% from FY 2023).
• Profit margin: 25% (in line with FY 2023).
• EPS: US$3.32 (up from US$3.17 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

First Mid Bancshares Meets Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.

Looking ahead, revenue is expected to decline by 7.5% p.a. on average during the next 2 years, while revenues in the Banks industry in the US are expected to grow by 7.2%.

Performance of the American Banks industry.

The company's shares are up 3.4% from a week ago.

Valuation

Our analysis of First Mid Bancshares based on 6 different valuation metrics shows it might be undervalued. Click here to find out what a fair price for the stock might be and where analysts see the share price heading over the next year.

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