First Mid Bancshares Inc
First Mid Bancshares Inc (FMBH) is listed on NASDAQ and classified in Banks - Regional, part of the Financial Services sector. It is headquartered in Mattoon, United States and has 1,316 employees. The company is worth $1.32B and trades at 12.3x its earnings of the last twelve months; the median for its sector is 13.2x. Revenue was $349.22M in fiscal 2025, up 7.4% from the year before. Net income was $91.75M. The share price is 6.8% below its 52-week high of $53.36. It pays a dividend yielding 2.09%, and has raised its annual dividend for 7 years in a row in our records. 4 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Cliff Asness (AQR Capital Management), at $6.52M. In that quarter, 3 of them opened or added to the position and 1 reduced it. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▲ +18.3% over 5Y.
today you would have $1,315.36▲ +31.5%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 17 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $39.00 | $36.82 | $34.66 | $32.08 | $42.79 | $33.66 | $35.25 | $31.92 | $38.54 | $34.00 | $26.00 | $18.55 | $22.00 | $22.75 | $18.45 | $17.25 | $17.50 | |
| P/E |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 7.2% a year plus a 2.1% dividend yield. Growth capped at 25%.
Median P/E of 13.2 among peers in the sector.
Median P/E of 12.7 across this company’s own years on record.
Cash flow growing 7.2% a year for 10 years, discounted at 10%, then 2.5% forever.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Dividend growing 6.5% a year against a 8.0% required return, from the stock’s beta.
Companies of similar size in Financial Services, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| ASICAtegrity Specialty Insurance Co Holdings | $27.25 | 12.7x | 2.0x | 0.00% | 18.59% | $1.31B |
| TRUPTrupanion Inc | $29.91 | 53.4x | 3.2x | 0.00% | 6.07% | $1.3B |
| UVEUniversal Insurance Holdings Inc | $48.40 | 6.4x | 2.1x | 1.32% | 40.16% | $1.35B |
| HBTHBT Financial, Inc. |
| 12.7x |
| 10.2x |
| 11.2x |
| 11.0x |
| 8.9x |
| 14.9x |
| 12.5x |
| 12.3x |
| 12.7x |
| 18.1x |
| 16.6x |
| 14.4x |
| 10.0x |
| 12.7x |
| 14.0x |
| 14.3x |
| 16.1x |
| 16.8x |
| P/S | 2.8x | 2.7x | 2.7x | 3.0x | 2.5x | 3.7x | 3.2x | 3.2x | 3.6x | 4.0x | 4.3x | 2.9x | 1.9x | 1.9x | 2.0x | 1.7x | 2.0x | — |
| P/B | 1.0x | 1.0x | 1.0x | 1.0x | 1.0x | 1.4x | 1.1x | 1.1x | 1.1x | 1.6x | 1.5x | 1.1x | 0.8x | 0.9x | 0.9x | 0.8x | 0.9x | — |
| EPS | $3.83 | $3.30 | $3.15 | $3.60 | $2.87 | $2.70 | $2.87 | $2.52 | $2.13 | $2.05 | $1.81 | $1.85 | $1.73 | $1.62 | $1.29 | $1.07 | $1.04 |
| Dividend yield | 2.19% | 2.51% | 2.55% | 2.65% | 2.81% | 1.99% | 2.41% | 2.16% | 2.19% | 1.71% | 1.82% | 2.27% | 2.96% | 2.09% | 1.85% | 2.17% | 2.20% | 2.17% |
| Payout | 29.62% | 25.59% | 28.48% | 29.21% | 25.00% | 29.62% | 30.00% | 26.48% | 27.78% | 30.99% | 30.24% | 32.60% | 29.73% | 26.59% | 25.93% | 31.01% | 35.51% | 36.54% |
| Profit margin | 22.13% | 26.27% | 24.28% | 24.60% | 28.17% | 21.68% | 24.22% | 26.39% | 24.87% | 21.62% | 22.26% | 21.64% | 22.13% | 21.25% | 20.65% | 17.75% | 16.24% | 16.75% |
| ROE | 8.66% | 9.57% | 9.32% | 8.69% | 11.52% | 8.12% | 7.97% | 9.10% | 7.69% | 8.66% | 7.78% | 8.05% | 9.38% | 9.86% | 8.95% | 8.07% | 7.80% | 7.39% |
Median of the years shown; P/E years above 200x are left out.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
6 methods answered, across 3 families.
Room for errors in the reported numbers.
+37.5% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| $35.58 |
| 15.1x |
| 1.7x |
| 2.81% |
| 11.55% |
| $1.29B |
| PFBCPreferred Bank | $108.62 | 10.1x | 1.6x | 2.95% | 17.58% | $1.29B |
| CTBICommunity Trust Bancorp Inc | $75.08 | 12.6x | 1.5x | 3.46% | 12.72% | $1.36B |