First Mid Financials

FMBH Stock  USD 42.27  0.45  1.05%   
Based on the measurements of operating efficiency obtained from First Mid's historical financial statements, First Mid Illinois may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. As of now, First Mid's Property Plant And Equipment Net is increasing as compared to previous years. The First Mid's current Net Debt is estimated to increase to about 789 M, while Cash is forecasted to increase to (135.9 M). Key indicators impacting First Mid's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Net Profit Margin0.370.2515
Way Up
Pretty Stable
Return On Assets0.00740.0091
Significantly Down
Slightly volatile
Return On Equity0.110.0869
Significantly Up
Very volatile
Debt Equity Ratio0.640.4218
Way Up
Pretty Stable
Operating Income44.3 M88.4 M
Way Down
Slightly volatile
Current Ratio356375
Notably Down
Slightly volatile
The financial analysis of First Mid is a critical element in measuring its lifeblood. Investors should not minimize First Mid's ability to pay suppliers or employees on time, ensuring interest payments are not accumulating.

Net Income

72.38 Million

  
Understanding current and past First Mid Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of First Mid's financial statements are interrelated, with each one affecting the others. For example, an increase in First Mid's assets may result in an increase in income on the income statement.

First Mid Stock Summary

First Mid competes with Fifth Third, Huntington Bancshares, and MT Bank. 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, Inc. was founded in 1865 and is headquartered in Mattoon, Illinois. First Mid operates under BanksRegional classification in the United States and is traded on NASDAQ Exchange. It employs 1025 people.
Specialization
Financial Services, Banks - Regional
InstrumentUSA Stock View All
ExchangeNASDAQ Exchange
ISINUS3208661062
CUSIP320866106
LocationIllinois; U.S.A
Business Address1421 Charleston Avenue,
SectorBanks
IndustryFinancials
BenchmarkDow Jones Industrial
Websitewww.firstmid.com
Phone217 234 7454
CurrencyUSD - US Dollar

First Mid Key Financial Ratios

First Mid Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets3.8B4.7B6.0B6.7B7.6B8.0B
Net Debt52.7M(210.0M)31.4M426.6M751.4M789.0M
Retained Earnings166.7M197.7M234.2M289.3M338.7M355.6M
Cash85.1M417.3M168.6M152.4M(143.1M)(135.9M)
Other Assets2.0B2.3B2.7B3.9B(18.1M)(17.2M)
Net Receivables15.6M19.3M19.9M28.4M35.1M36.8M
Total Liab3.3B4.2B5.4B6.1B6.8B7.1B
Total Current Assets851.2M1.3B1.6B1.4B143.1M135.9M
Common Stock71.2M71.4M76.8M86.4M99.9M104.9M
Other Current Liab(2.3M)(2.3M)(1.3M)(3.3M)4.4B4.6B
Short Term Debt249.6M228.6M173.8M399.4M213.7M139.9M
Accounts Payable2.3M2.3M1.3M3.3M5.4M5.7M
Other Current Assets108.9M441.8M195.9M186.5M143.1M135.9M
Intangible Assets28.3M23.1M29.5M29.5M264.2M277.4M
Other Liab30.0M51.2M49.9M26.9M31.0M19.8M
Long Term Debt23.9M113.3M200.0M579.0M394.6M414.3M
Inventory(108.9M)(441.8M)(195.9M)(186.5M)108.0M113.4M
Net Tangible Assets393.4M440.1M492.5M463.3M532.7M277.1M
Long Term Debt Total23.9M113.3M113.6M113.9M131.0M80.5M
Capital Surpluse295.9M297.8M340.4M427.0M491.1M515.6M

First Mid Key Income Statement Accounts

201920202021202220232024 (projected)
Interest Expense24.0M16.7M15.3M31.6M106.7M112.0M
Total Revenue181.7M186.9M237.5M254.7M300.2M315.2M
Gross Profit181.7M186.9M237.5M254.7M300.2M315.2M
Operating Income63.3M59.7M66.8M131.7M88.4M44.3M
Ebit63.3M59.7M71.4M95.2M88.4M92.8M
Ebitda69.1M68.6M81.2M106.4M88.4M46.7M
Income Before Tax63.3M59.7M66.8M91.3M88.4M92.8M
Net Income47.9M45.3M51.5M73.0M68.9M72.4M
Income Tax Expense15.3M14.5M15.3M18.3M19.5M20.4M
Tax Provision15.3M14.5M15.3M18.3M19.5M16.0M
Net Interest Income125.7M127.4M167.8M184.3M193.5M138.2M
Interest Income149.7M144.1M183.0M215.9M300.2M165.2M

First Mid Key Cash Accounts

201920202021202220232024 (projected)
Change In Cash(56.3M)332.2M(248.7M)(16.2M)(9.4M)(8.9M)
Free Cash Flow58.7M61.1M65.9M60.8M72.2M75.8M
Depreciation10.8M11.7M14.4M15.1M14.1M14.8M
Other Non Cash Items2.7M12.2M16.4M3.2M(1.7M)(1.6M)
Dividends Paid11.9M12.8M14.7M17.8M19.6M20.5M
Capital Expenditures4.1M2.5M3.7M5.0M3.6M2.2M
Net Income47.9M45.3M51.5M73.0M68.9M72.4M
End Period Cash Flow85.1M417.3M168.6M152.4M143.1M94.1M
Change To Inventory(1.4M)3.7M(8.3M)(18.3M)(21.0M)(22.0M)
Investments(30.4M)(562.0M)(485.4M)(242.0M)474.4M498.1M
Change Receivables1.3M(3.7M)2.4M(6.7M)(6.0M)(5.7M)
Net Borrowings(3.3M)107.1M(55.7M)399.4M459.3M482.2M
Change To Netincome6.0M9.2M14.8M3.4M4.0M5.7M

First Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining First Mid's current stock value. Our valuation model uses many indicators to compare First Mid value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across First Mid competition to find correlations between indicators driving First Mid's intrinsic value. More Info.
First Mid Illinois is rated # 2 in return on equity category among its peers. It is rated # 3 in return on asset category among its peers reporting about  0.10  of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for First Mid Illinois is roughly  9.65 . As of now, First Mid's Return On Equity is increasing as compared to previous years. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the First Mid's earnings, one of the primary drivers of an investment's value.

First Mid Illinois Systematic Risk

First Mid's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. First Mid volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
Execute Function
The function did not generate any output. Please change time horizon or modify your input parameters. The output start index for this execution was one with a total number of output elements of sixty. The Beta measures systematic risk based on how returns on First Mid Illinois correlated with the market. If Beta is less than 0 First Mid generally moves in the opposite direction as compared to the market. If First Mid Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one First Mid Illinois is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of First Mid is generally in the same direction as the market. If Beta > 1 First Mid moves generally in the same direction as, but more than the movement of the benchmark.
Today, most investors in First Mid Stock are looking for potential investment opportunities by analyzing not only static indicators but also various First Mid's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of First Mid growth as a starting point in their analysis.

Price Earnings To Growth Ratio

(0.84)

As of now, First Mid's Price Earnings To Growth Ratio is decreasing as compared to previous years.

First Mid November 26, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of First Mid help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of First Mid Illinois. We use our internally-developed statistical techniques to arrive at the intrinsic value of First Mid Illinois based on widely used predictive technical indicators. In general, we focus on analyzing First Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build First Mid's daily price indicators and compare them against related drivers.

Complementary Tools for First Stock analysis

When running First Mid's price analysis, check to measure First Mid's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy First Mid is operating at the current time. Most of First Mid's value examination focuses on studying past and present price action to predict the probability of First Mid's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move First Mid's price. Additionally, you may evaluate how the addition of First Mid to your portfolios can decrease your overall portfolio volatility.
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