First Mid Bancshares, Inc. (FMBH) Financial Statements
Industry: State Commercial Banks
In fiscal 2025, First Mid Bancshares reported revenue of $349.2M, up 7.4% from $325.0M the year before. Net income was $91.7M (a 26.3% net margin), or $3.83 per diluted share. Net interest income was $256.2M, and the efficiency ratio (noninterest expense / revenue) was 63.6%. Operating activities generated $130.9M of cash, leaving $124.0M of free cash flow. At fiscal year end, First Mid Bancshares held $7.97B in total assets against $7.01B in total liabilities.
Open the full interactive First Mid Bancshares financials → Quarterly statements, key ratios, valuation history and price charts.
First Mid Bancshares Key Stats
| Share Price | $48.85 |
|---|---|
| Market Cap | $1.30B |
| P/E Ratio | 12.8 |
| Revenue YoY Growth | +7.4% |
| 52-Week Range | $34.17 – $52.32 |
| Shares Outstanding | 26.5 million (basic, 2026 Q2) |
First Mid Bancshares Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Net Interest Income | $127.4M | $167.8M | $184.3M | $193.5M | $228.7M | $256.2M |
| Provision for Credit Losses | $16.1M | $15.2M | $4.8M | $6.1M | $5.6M | $9.9M |
| Noninterest Income | $59.5M | $69.8M | $74.7M | $86.8M | $96.3M | $93.1M |
| Noninterest Expense | $111.1M | $155.6M | $162.9M | $185.7M | $215.0M | $222.2M |
| Revenue | $186.9M | $237.5M | $259.0M | $280.2M | $325.0M | $349.2M |
| Pre-Tax Income | $59.7M | $66.8M | $91.3M | $88.4M | $104.4M | $117.0M |
| Income Tax | $14.5M | $15.3M | $18.3M | $19.5M | $25.5M | $25.3M |
| Net Income | $45.3M | $51.5M | $73.0M | $68.9M | $78.9M | $91.7M |
| Diluted EPS | $2.70 | $2.87 | $3.60 | $3.15 | $3.30 | $3.83 |
First Mid Bancshares Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $89.3M | $88.2M | $97.2M | $108.5M |
| Net Income | $22.5M | $23.7M | $26.3M | $27.8M |
| Diluted EPS | $0.94 | $0.99 | $1.06 | $1.04 |
First Mid Bancshares Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Loans (Net) | $3.09B | $3.94B | $4.77B | $5.51B | — | — |
| Total Assets | $4.73B | $5.99B | $6.74B | $7.59B | $7.52B | $7.97B |
| Deposits | $3.69B | $4.96B | $5.26B | $6.12B | $6.06B | $6.40B |
| Total Long-Term Debt | $207.2M | $200.0M | $579.0M | $394.6M | $354.3M | $354.5M |
| Total Liabilities | $4.16B | $5.35B | $6.11B | $6.79B | $6.67B | $7.01B |
| Shareholders' Equity | $568.2M | $633.9M | $633.2M | $793.2M | $846.4M | $958.7M |
First Mid Bancshares Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $63.5M | $69.6M | $65.8M | $72.4M | $124.4M | $130.9M |
| Cash From Investing | -$562.4M | -$482.5M | -$178.7M | $474.4M | -$7.5M | -$302.6M |
| Cash From Financing | $831.1M | $164.2M | $96.7M | -$556.2M | -$138.8M | $305.5M |
| Free Cash Flow | $61.1M | $65.9M | $60.8M | $68.8M | $119.5M | $124.0M |
Figures from First Mid Bancshares' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full First Mid Bancshares financials page for every line item.
First Mid Bancshares Company Profile
| Ticker | FMBH |
|---|---|
| Exchange | Nasdaq |
| Industry | State Commercial Banks |
| Headquarters | Mattoon, Illinois |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000700565 |
Frequently Asked Questions
What was First Mid Bancshares' revenue in fiscal 2025?
First Mid Bancshares (FMBH) reported revenue of $349.2M for fiscal 2025.
What is First Mid Bancshares' annual revenue history?
First Mid Bancshares' annual revenue by fiscal year: 2020: $186.9M; 2021: $237.5M; 2022: $259.0M; 2023: $280.2M; 2024: $325.0M; 2025: $349.2M.
What was First Mid Bancshares' net income in fiscal 2025?
First Mid Bancshares reported net income of $91.7M for fiscal 2025.
What was First Mid Bancshares' earnings per share (EPS) in fiscal 2025?
First Mid Bancshares' diluted EPS was $3.83 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did First Mid Bancshares generate in fiscal 2025?
First Mid Bancshares generated $124.0M of free cash flow in fiscal 2025.
What was First Mid Bancshares' revenue last quarter?
In its most recent reported quarter (2026 Q2), First Mid Bancshares reported revenue of $108.5M.
How much debt does First Mid Bancshares have?
First Mid Bancshares reported $354.5M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of First Mid Bancshares are outstanding?
First Mid Bancshares reported a weighted average of 26.5 million basic shares outstanding in 2026 Q2.
What is First Mid Bancshares' market cap?
Based on its latest closing price, First Mid Bancshares (FMBH) has a market capitalization of about $1.30B.
When does First Mid Bancshares' fiscal year end?
First Mid Bancshares' fiscal year end, as registered with the SEC, is December 31.
Where is First Mid Bancshares headquartered?
First Mid Bancshares lists its business address in Mattoon, Illinois in its SEC filings.