First Mid Bancshares Inc. (FMBH) Financial Analysis and Rating

Comparison Analysis Based on SEC Data

Company Name First Mid Bancshares Inc.
Industry (SIC) 6022 - State Commercial Banks
Revenue in 2025 $405,285 thousand (ranked #118 out of 337 companies in the industry)
Assets as of 12/31/2025 $7,967 million (ranked #127)
Market Cap $1,297 million (Oct 1, 2026)
Analyzed report 12/31/2024 (filed 2/28/2025)

Year:
20242025

Financial Position and Performance
Annual | Quarterly

Compared with 2024 industry ratios Change during the year

better
unchanged
Compared with all listed companies

better

Compare with a competitor

Financial Ratios Benchmarking

Financial Ratio Comparison of company ratios for 2024
with industry ratios
(60 - Depository Institutions) 		with all listed companies
Solvency Ratios
Debt ratio 
0.89
0.90
0.89
0.61
Debt-to-equity ratio 
7.88
8.73
7.88
1.35
Liquidity Ratios
Current Ratio 
5.85
3.04
5.85
1.78
Cash Ratio 
5.85
2.93
5.85
0.59
Profitability Ratios
Profit margin 
20.4%
17.6%
20.4%
3%
ROE (Return on equity), after tax 
9.6%
8.6%
9.6%
5.1%
ROA (Return on assets) 
1%
0.8%
1%
0.9%
Activity Ratios
Asset turnover (days) 
7163
7681
7163
776
Resulting score +1,0 +0,1

Year:
20242025

Additional Ratios (not used in score calculation)

Financial Ratio Comparison of company ratios for 2024
with industry ratios
(60 - Depository Institutions) 		with all listed companies
Profitability Ratios
Gross margin 
98.5%
97.6%
98.5%
43.6%
Price Ratios
Earnings per Share (basic)  $3.31
Earnings per Share (diluted)  $3.3

Auditor's Conclusion

We have performed a comparative analysis of the balance sheet and income statement of First Mid Bancshares Inc. (hereafter – the "Company") for the year 2024 as filed with the U.S. Securities and Exchange Commission (SEC). The primary business activity of the Company is "State Commercial Banks" (SIC code 6022). In our analysis, we compared the key financial ratios of the Company with the average (median) values of those ratios calculated for the Company's specific industry sector and for all companies. The averages were calculated using data from 2024 financial statements filed with the SEC through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). By comparing each of the eleven key metrics to the median, we have reached an overall conclusion about the quality of the Company's financial condition. All calculations and conclusions were performed using software and methodologies developed by ReadyRatios.

Based on our analysis of the Company's key financial ratios, we have determined the following. The financial condition of First Mid Bancshares Inc. in 2024 is better than the typical financial condition of companies in the "State Commercial Banks" industry.

A comparison of the Company's financial ratios with the average ratios for all industries leads to the same conclusion. The financial position of First Mid Bancshares Inc. is better than that of most listed companies that file financial statements with the U.S. Securities and Exchange Commission.

Financial Position and Performance History


More on First Mid Bancshares Inc.

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