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FIRST MID BANCSHARES, INC. FMBH

Nasdaq · stock · State Commercial Banks · website · IPO 1994-03-29

FIRST MID BANCSHARES, INC. statistics & valuation

Market cap$1.3B
P / E14.0×
P / B1.3×
P / FCF10.3×
Dividend yield1.83%
Return on equity9.6%
Net debt$354.5M
Enterprise value USD$1.6B
Graham number +13.1%$58.69

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($58.69); a green figure means the price is below it.

Profitability & efficiency

Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
2016201720182019202020212022202320242025
Return on equity (%)
7.80% 8.70% 7.70% 9.10% 8.00% 8.10% 11.50% 8.70% 9.30% 9.60% 2016201720182019202020212022202320242025
Shares outstanding
10.7M 12.5M 14.5M 16.7M 16.8M 18.1M 20.5M 23.8M 23.9M 24.0M 2016201720182019202020212022202320242025
Net debt ($)
-$161.8M -$78.6M -$133.7M -$85.1M $354.5M 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
0.80% 0.90% 1.00% 1.20% 1.00% 0.90% 1.10% 0.90% 1.00% 1.20% 2016201720182019202020212022202320242025
Free cash flow margin (%)
2016201720182019202020212022202320242025
Debt / equity (×)
0.05× 0.03× 0.02× 0.00× 0.37× 2016201720182019202020212022202320242025
EPS ($)
$2.05 $2.13 $2.52 $2.87 $2.70 $2.87 $3.60 $3.15 $3.30 $3.83 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

FIRST MID BANCSHARES, INC. trades at about 13.5× earnings — near its 10-year norm (10-year range 8.9×–18.1×, median 12.5×).

8.9× 18.1×

Shaded band = 10-year range (8.9×–18.1×); dot = today's 13.5×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Return on assets1.2%1.0%0.9%1.1%0.9%1.0%1.2%1.0%0.9%0.8%
Return on equity9.6%9.3%8.7%11.5%8.1%8.0%9.1%7.7%8.7%7.8%
Debt / equity0.37×—————0.00×0.02×0.03×0.05×

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.