First Mid Bancshares, Inc., a financial holding company, provides community banking products and services to commercial, retail, and agricultural customers in the United States. It accepts various deposit products, such as demand deposits, savings accounts, money market deposits, and time deposits. The company's loan products include commercial real estate, commercial and industrial, agricultural and agricultural real estate, residential real estate, and consumer loans; and other loans comprising loans to municipalities to support community projects, such as infrastructure improvements or equipment purchases. It also offers wealth management services, which include estate planning, investment, and farm management and brokerage services for individuals; and employee benefit services for business enterprises. In addition, the company provides property and casualty, senior insurance products, and group medical insurance for businesses; and personal lines insurance to individuals. It operates through a network of 63 banking centers in Illinois and 1 office in Missouri, as well as a loan production office in Indiana. The company was formerly known as First Mid-Illinois Bancshares, Inc. and changed its name to First Mid Bancshares, Inc. in April 2019. First Mid Bancshares, Inc. was incorporated in 1981 and is headquartered in Mattoon, Illinois.
IPO Year:
Exchange: NASDAQ
Website: firstmid.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/12/2024 | $44.00 → $47.00 | Buy → Neutral | DA Davidson |
| 10/2/2024 | $42.00 | Outperform → Mkt Perform | Keefe Bruyette |
| 6/26/2024 | $34.50 → $35.00 | Outperform | Hovde Group |
| 9/25/2023 | $34.00 | Outperform | Keefe Bruyette |
| 7/7/2022 | $45.00 | Mkt Perform → Outperform | Raymond James |
MATTOON, Ill., Oct. 31, 2024 (GLOBE NEWSWIRE) -- First Mid Bancshares, Inc. (NASDAQ:FMBH) (the "Company") today announced its financial results for the quarter ended September 30, 2024. Highlights Net income of $19.5 million, or $0.81 diluted EPSAdjusted net income (non-GAAP) of $19.8 million, or $0.83 diluted EPSLoan growth of 1% helped drive second consecutive quarter of net interest income expansion16.6% year-over-year growth for wealth management and insurance combinedTangible book value per share increased 6.6% in the quarterBoard of Directors declares regular quarterly dividend of $0.24 per share "We are pleased to deliver another solid and consistent quarter of financial results,
MATTOON, Ill., Aug. 01, 2024 (GLOBE NEWSWIRE) -- First Mid Bancshares, Inc. (NASDAQ:FMBH) (the "Company") today announced its financial results for the quarter ended June 30, 2024. Highlights Net income of $19.7 million, or $0.82 diluted EPSAdjusted net income (non-GAAP) of $20.1 million, or $0.84 diluted EPSMargin expansion and loan growth drove an increase in net interest income of $1.3 million for the quarterAnnounced the acquisition of Mid Rivers Insurance Group ("MRIG") on July 9th deepening our Missouri presence and increasing noninterest incomeBoard of Directors increases quarterly dividend by $0.01 per share to $0.24 per share "We delivered another strong quarter of financial re
MATTOON, Ill., April 24, 2024 (GLOBE NEWSWIRE) -- First Mid Bancshares, Inc. (NASDAQ:FMBH) (the "Company") today announced its financial results for the quarter ended March 31, 2024. Highlights Net income of $20.5 million, or $0.86 diluted EPSAdjusted net income (non-GAAP) of $22.3 million, or $0.93 diluted EPSStrong asset quality performance with minimal net charge offs and lower classifiedsInsurance revenues drive record high quarter of noninterest incomeNamed Top Workplace by USA TodayBoard of Directors declares regular quarterly dividend of $0.23 per share "Coming off an eventful year for our industry, I am pleased with the way we started 2024," said Joe Dively, Ch
MATTOON, Ill., Jan. 25, 2024 (GLOBE NEWSWIRE) -- First Mid Bancshares, Inc. (NASDAQ:FMBH) (the "Company") today announced its financial results for the quarter and year ended December 31, 2023. Highlights Net income of $18.1 million, or $0.76 diluted EPSAdjusted net income (non-GAAP) of $22.4 million, or $0.94 diluted EPSCompleted the merger and integration of Blackhawk Bank ("Blackhawk")Sold additional bonds to reposition balance sheet helping drive a strong net interest margin of 3.33%Strong asset quality performance continued with minimal net charge offs for the quarterBoard of Directors declares regular quarterly dividend of $0.23 per share "We capped off 202
MATTOON, Ill., Oct. 26, 2023 (GLOBE NEWSWIRE) -- First Mid Bancshares, Inc. (NASDAQ:FMBH) (the "Company") today announced its financial results for the quarter ended September 30, 2023. Highlights Net income of $15.1 million, or $0.68 diluted EPSAdjusted net income (non-GAAP) of $17.1 million, or $0.77 diluted EPSClosed on the acquisition of Blackhawk Bancorp, Inc. ("Blackhawk") on August 15thCompleted balance sheet restructuring by selling a portion of Blackhawk bondsIncreased liquidity position and lowered loan to deposit ratio to 87%Net interest margin, on a tax equivalent basis (non-GAAP), improved to 3.06% for the third quarter "We are pleased to deliver solid core results that pro
MATTOON, Ill., July 27, 2023 (GLOBE NEWSWIRE) -- First Mid Bancshares, Inc. (NASDAQ:FMBH) (the "Company") today announced its financial results for the quarter ended June 30, 2023. Highlights Net income of $16.6 million, or $0.80 diluted EPSAdjusted net income (non-GAAP) of $17.2 million, or $0.83 diluted EPSLoan growth of 1.1% and deposit growth of 3.8% for the quarterBoard of Directors declares regular quarterly dividend of $0.23 per shareCompleted the acquisition of PGIB Insurance ("PGIB") on June 16th adding approximately $2.5 million in annual revenues to noninterest incomeReceived regulatory approvals for the acquisition of Blackhawk Bancorp, Inc. ("Blackhawk") with closing targete
BELOIT, WI / ACCESSWIRE / July 21, 2023 / Blackhawk Bancorp, Inc. (OTCQX:BHWB), (the "Company") the parent company of Blackhawk Bank (the "Bank"), today reported net income of $3.19 million for the quarter ended June 30, 2023, a 10% increase from the $2.89 million earned the in the preceding quarter, and an 8% decrease compared to the $3.48 million earned during the second quarter of 2022. Diluted Earnings per Share (EPS) for the current quarter was $1.10, an increase of $0.10, or 10%, compared to the preceding quarter, and a $0.11 decrease, or 9%, compared to the quarter ended June 30, 2022. The second quarter of 2023 results yielded a Return on Average Equity (ROAE) of 15.64% and a Return
MATTOON, Ill., April 26, 2023 (GLOBE NEWSWIRE) -- First Mid Bancshares, Inc. (NASDAQ:FMBH) (the "Company") today announced its financial results for the quarter ended March 31, 2023. Highlights Net income of $19.2 million, or $0.93 diluted EPSAdjusted net income (non-GAAP) of $19.7 million, or $0.96 diluted EPSRecord quarter of insurance revenues reflects unique diversification helping deliver record quarterly noninterest incomeStrong asset quality performance with decline in nonperforming loans and substandard loans, minimal net charge-offs, and past dues down to less than $10 millionImplemented efficiency improvements and early retirement initiative to deliver annual cost savings of $
BELOIT, WI / ACCESSWIRE / April 21, 2023 / Blackhawk Bancorp, Inc. (OTCQX:BHWB), (the "Company") parent company of Blackhawk Bank (the "Bank"), today reported net income of $2.89 million for the quarter ended March 31, 2023, a 29% decrease from the $4.05 million earned in the preceding quarter, and a 10% increase compared to the $2.62 million earned during the first quarter of 2022. Diluted Earnings per Share (EPS) for the current quarter was $1.00, a decrease of $0.41, or 29%, compared to the preceding quarter and a $0.08, or 9%, increase compared to the first quarter a year ago. The first quarter of 2023 results produced a Return on Average Equity (ROAE) of 15.09% and a Return on Average A
MATTOON, Ill., Jan. 26, 2023 (GLOBE NEWSWIRE) -- First Mid Bancshares, Inc. (NASDAQ:FMBH) (the "Company") today announced its financial results for the quarter and year ended December 31, 2022. Highlights Net income of $20.6 million, or $1.01 diluted EPSAdjusted net income (non-GAAP) of $20.8 million, or $1.01 diluted EPSStrong loan growth of 2.2% for the quarter and 10.3% for the year (excluding acquired loans)Tangible book value per share increased 7.8% for the quarterImproved on already strong asset quality ratios reflecting strength if economic downturn transpiresBoard of Directors declares regular quarterly dividend of $0.23 per share "Our fourth quarter results capped off a
MATTOON, Ill., Oct. 31, 2024 (GLOBE NEWSWIRE) -- First Mid Bancshares, Inc. (NASDAQ:FMBH) (the "Company") today announced its financial results for the quarter ended September 30, 2024. Highlights Net income of $19.5 million, or $0.81 diluted EPSAdjusted net income (non-GAAP) of $19.8 million, or $0.83 diluted EPSLoan growth of 1% helped drive second consecutive quarter of net interest income expansion16.6% year-over-year growth for wealth management and insurance combinedTangible book value per share increased 6.6% in the quarterBoard of Directors declares regular quarterly dividend of $0.24 per share "We are pleased to deliver another solid and consistent quarter of financial results,
MATTOON, Ill., Aug. 01, 2024 (GLOBE NEWSWIRE) -- First Mid Bancshares, Inc. (NASDAQ:FMBH) (the "Company") today announced its financial results for the quarter ended June 30, 2024. Highlights Net income of $19.7 million, or $0.82 diluted EPSAdjusted net income (non-GAAP) of $20.1 million, or $0.84 diluted EPSMargin expansion and loan growth drove an increase in net interest income of $1.3 million for the quarterAnnounced the acquisition of Mid Rivers Insurance Group ("MRIG") on July 9th deepening our Missouri presence and increasing noninterest incomeBoard of Directors increases quarterly dividend by $0.01 per share to $0.24 per share "We delivered another strong quarter of financial re
MATTOON, Ill., April 24, 2024 (GLOBE NEWSWIRE) -- First Mid Bancshares, Inc. (NASDAQ:FMBH) (the "Company") today announced its financial results for the quarter ended March 31, 2024. Highlights Net income of $20.5 million, or $0.86 diluted EPSAdjusted net income (non-GAAP) of $22.3 million, or $0.93 diluted EPSStrong asset quality performance with minimal net charge offs and lower classifiedsInsurance revenues drive record high quarter of noninterest incomeNamed Top Workplace by USA TodayBoard of Directors declares regular quarterly dividend of $0.23 per share "Coming off an eventful year for our industry, I am pleased with the way we started 2024," said Joe Dively, Ch
MATTOON, Ill., Jan. 25, 2024 (GLOBE NEWSWIRE) -- First Mid Bancshares, Inc. (NASDAQ:FMBH) (the "Company") today announced its financial results for the quarter and year ended December 31, 2023. Highlights Net income of $18.1 million, or $0.76 diluted EPSAdjusted net income (non-GAAP) of $22.4 million, or $0.94 diluted EPSCompleted the merger and integration of Blackhawk Bank ("Blackhawk")Sold additional bonds to reposition balance sheet helping drive a strong net interest margin of 3.33%Strong asset quality performance continued with minimal net charge offs for the quarterBoard of Directors declares regular quarterly dividend of $0.23 per share "We capped off 202
MATTOON, Ill., Oct. 26, 2023 (GLOBE NEWSWIRE) -- First Mid Bancshares, Inc. (NASDAQ:FMBH) (the "Company") today announced its financial results for the quarter ended September 30, 2023. Highlights Net income of $15.1 million, or $0.68 diluted EPSAdjusted net income (non-GAAP) of $17.1 million, or $0.77 diluted EPSClosed on the acquisition of Blackhawk Bancorp, Inc. ("Blackhawk") on August 15thCompleted balance sheet restructuring by selling a portion of Blackhawk bondsIncreased liquidity position and lowered loan to deposit ratio to 87%Net interest margin, on a tax equivalent basis (non-GAAP), improved to 3.06% for the third quarter "We are pleased to deliver solid core results that pro
MATTOON, Ill., Aug. 15, 2023 (GLOBE NEWSWIRE) -- First Mid Bancshares, Inc. (NASDAQ:FMBH) ("First Mid" or the "Company") announced today that the acquisition of Blackhawk Bancorp, Inc. ("Blackhawk") has been completed. As of June 30, 2023, Blackhawk had approximately $1.3 billion in total assets, $1.2 billion in deposits and $784 million in loans through 10 locations in Illinois and Wisconsin. With the completion of this acquisition, First Mid has approximately $8.0 billion in total assets. There are no immediate changes for Blackhawk customers. The conversion of accounts from Blackhawk is expected to happen in December of this year. Customers will receive information well in advance of
MATTOON, Ill., July 27, 2023 (GLOBE NEWSWIRE) -- First Mid Bancshares, Inc. (NASDAQ:FMBH) (the "Company") today announced its financial results for the quarter ended June 30, 2023. Highlights Net income of $16.6 million, or $0.80 diluted EPSAdjusted net income (non-GAAP) of $17.2 million, or $0.83 diluted EPSLoan growth of 1.1% and deposit growth of 3.8% for the quarterBoard of Directors declares regular quarterly dividend of $0.23 per shareCompleted the acquisition of PGIB Insurance ("PGIB") on June 16th adding approximately $2.5 million in annual revenues to noninterest incomeReceived regulatory approvals for the acquisition of Blackhawk Bancorp, Inc. ("Blackhawk") with closing targete
BELOIT, WI / ACCESSWIRE / July 21, 2023 / Blackhawk Bancorp, Inc. (OTCQX:BHWB), (the "Company") the parent company of Blackhawk Bank (the "Bank"), today reported net income of $3.19 million for the quarter ended June 30, 2023, a 10% increase from the $2.89 million earned the in the preceding quarter, and an 8% decrease compared to the $3.48 million earned during the second quarter of 2022. Diluted Earnings per Share (EPS) for the current quarter was $1.10, an increase of $0.10, or 10%, compared to the preceding quarter, and a $0.11 decrease, or 9%, compared to the quarter ended June 30, 2022. The second quarter of 2023 results yielded a Return on Average Equity (ROAE) of 15.64% and a Return
MATTOON, Ill., April 26, 2023 (GLOBE NEWSWIRE) -- First Mid Bancshares, Inc. (NASDAQ:FMBH) (the "Company") today announced its financial results for the quarter ended March 31, 2023. Highlights Net income of $19.2 million, or $0.93 diluted EPSAdjusted net income (non-GAAP) of $19.7 million, or $0.96 diluted EPSRecord quarter of insurance revenues reflects unique diversification helping deliver record quarterly noninterest incomeStrong asset quality performance with decline in nonperforming loans and substandard loans, minimal net charge-offs, and past dues down to less than $10 millionImplemented efficiency improvements and early retirement initiative to deliver annual cost savings of $
BELOIT, WI / ACCESSWIRE / April 21, 2023 / Blackhawk Bancorp, Inc. (OTCQX:BHWB), (the "Company") parent company of Blackhawk Bank (the "Bank"), today reported net income of $2.89 million for the quarter ended March 31, 2023, a 29% decrease from the $4.05 million earned in the preceding quarter, and a 10% increase compared to the $2.62 million earned during the first quarter of 2022. Diluted Earnings per Share (EPS) for the current quarter was $1.00, a decrease of $0.41, or 29%, compared to the preceding quarter and a $0.08, or 9%, increase compared to the first quarter a year ago. The first quarter of 2023 results produced a Return on Average Equity (ROAE) of 15.09% and a Return on Average A
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10-Q - FIRST MID BANCSHARES, INC. (0000700565) (Filer)
8-K - FIRST MID BANCSHARES, INC. (0000700565) (Filer)
8-K - FIRST MID BANCSHARES, INC. (0000700565) (Filer)
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8-K - FIRST MID BANCSHARES, INC. (0000700565) (Filer)
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DA Davidson downgraded First Mid-Illinois Bancshares from Buy to Neutral and set a new price target of $47.00 from $44.00 previously
Keefe Bruyette downgraded First Mid-Illinois Bancshares from Outperform to Mkt Perform and set a new price target of $42.00
Hovde Group resumed coverage of First Mid-Illinois Bancshares with a rating of Outperform and set a new price target of $35.00 from $34.50 previously
Keefe Bruyette initiated coverage of First Mid-Illinois Bancshares with a rating of Outperform and set a new price target of $34.00
Raymond James upgraded First Mid-Illinois Bancshares from Mkt Perform to Outperform and set a new price target of $45.00
Piper Sandler analyst Nathan Rice maintains First Mid Bancshares (NASDAQ:FMBH) with a Overweight and lowers the price target from $39 to $38.
-SEC Filing
Stephens & Co. analyst Terry McEvoy maintains First Mid Bancshares (NASDAQ:FMBH) with a Overweight and lowers the price target from $40 to $38.
Raymond James analyst Daniel Tamayo maintains First Mid Bancshares (NASDAQ:FMBH) with a Outperform and raises the price target from $34 to $38.
Piper Sandler analyst Nathan Rice maintains First Mid Bancshares (NASDAQ:FMBH) with a Overweight and raises the price target from $33 to $36.
- Reuters
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