FMBHNasdaqState Commercial BanksFiscal year ends December 31
FIRST MID BANCSHARES, INC.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 7, 2026
$49.07−0.66 (-1.33%)
Close on Oct 19, 2026
- Market cap
- $1.31B
- P/E (TTM)
- 12.2
- Dividend yield
- 199.71%
Margins
Share of revenue, fiscal years 2011 to 2025
Net margin
26.3%+2.1 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +7.4% | +10.5% | +13.3% | +16.4% | |
| Net income | +16.3% | +7.9% | +15.2% | +18.7% | |
| EPS, diluted | +16.1% | +2.1% | +7.2% | +7.8% | |
| Free cash flow | +3.8% | +26.8% | +15.2% | +19.9% | |
| Dividend per share | +4.3% | +377.5% | +160.9% | +66.7% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 9.0% | 8.3% | 10.2% | |
| Return on assets | 0.9% | 1.1% | 1.2% | |
| Capex to revenue | 0.7% | 1.3% | 2.0% | |
| Diluted shares | 11M | 17M | 24M |
Where the cash went
Fiscal 2021 to 2025, five years combined
First Mid Bancshares generated $463.14M from operations and spent $124.54M on capital expenditure, dividends and share buybacks. 19% of that went back into the business.
Generated
$463.14M
Used
$124.54M
Capital expenditure$24.15M19%Dividends$97.87M79%Share buybacks$2.51M2%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin26.3%
×Asset turnover0.05×
×Equity multiplier8.58×
=Return on equity, FY202510.2%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 26.3% | 0.05× | 8.58× | 10.2% |
| FY2024 | 24.3% | 0.04× | 9.21× | 9.6% |
| FY2023 | 24.6% | 0.04× | 10.05× | 9.7% |
| FY2022 | 28.2% | 0.04× | 10.05× | 11.5% |
| FY2021 | 21.7% | 0.04× | 8.91× | 8.6% |
| FY2020 | 24.2% | 0.04× | 7.82× | 8.3% |
| FY2019 | 26.4% | 0.05× | 7.66× | 9.6% |
| FY2018 | 24.9% | 0.04× | 8.52× | 9.3% |
| FY2017 | 21.6% | 0.04× | 9.73× | 9.1% |
| FY2016 | 22.3% | 0.04× | 10.29× | 9.0% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
5of 6 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$91.75M
- Cash generatingOperating cash flow above zero$130.87M
- Return on assets improvedROA up on the prior year1.0% → 1.2%
- Earnings backed by cashOperating cash flow above net income$130.87M vs $91.75M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose– → –
- No dilutionShare count did not rise24M → 24M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.04 → 0.05