- United States
- /
- Banks
- /
- NasdaqGM:FMBH
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).
FMBH Banking Performance Indicators
- Net interest margin (NIM): 3.34% (up from 3.05% in FY 2023).
- Non-performing loans: 0.52% (up from 0.36% 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 13% 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 share price is broadly unchanged from a week ago.
Risk Analysis
It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with First Mid Bancshares, and understanding it should be part of your investment process.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About NasdaqGM:FMBH
First Mid Bancshares
A financial holding company, provides community banking products and services to commercial, retail, and agricultural customers in the United States.
Very undervalued with flawless balance sheet and pays a dividend.
