Company Overview - First Mid Bancshares (FMBH) is a bank holding company based in Mattoon, operating in the Finance sector with a year-to-date share price change of -3.99% [3] - The company currently pays a dividend of $0.24 per share, resulting in a dividend yield of 2.72%, which is lower than the Banks - Northeast industry's yield of 2.89% but higher than the S&P 500's yield of 1.57% [3] Dividend Performance - The annualized dividend of First Mid Bancshares is $0.96, reflecting a 2.1% increase from the previous year [4] - Over the past five years, the company has increased its dividend four times, achieving an average annual increase of 4.04% [4] - The current payout ratio stands at 28%, indicating that the company distributes 28% of its trailing 12-month earnings per share as dividends [4] Earnings Outlook - First Mid Bancshares is projected to experience earnings growth in the current fiscal year, with the Zacks Consensus Estimate for 2025 at $3.61 per share, representing a year-over-year growth rate of 3.74% [5] Investment Considerations - Dividends are favored by investors for various reasons, including improving stock investing profits and providing tax advantages [6] - Established firms with secure profits are typically viewed as the best dividend options, while high-growth businesses and tech start-ups rarely offer dividends [7] - First Mid Bancshares is recognized as an attractive dividend play and a compelling investment opportunity, holding a Zacks Rank of 2 (Buy) [7]

Financial Performance - Net income for 2024 was $78.9 million, with diluted earnings per share of $3.30, compared to $68.9 million and $3.15 in 2023, and $73.0 million and $3.60 in 2022[155]. - Total assets at December 31, 2024, were $7.52 billion, a decrease from $7.59 billion in 2023, and an increase from $6.74 billion in 2022[155]. - Net loan balances increased to $5.60 billion in 2024 from $5.51 billion in 2023, and $4.77 billion in 2022, primarily due to organic growth[155]. - Total deposit balances decreased to $6.06 billion in 2024 from $6.12 billion in 2023, but increased from $5.26 billion in 2022[156]. - Net interest income rose to $228.7 million in 2024, up from $193.5 million in 2023, and $184.3 million in 2022, largely due to the full-year impact of the Blackhawk Bank acquisition[158]. - Non-interest income increased to $96.3 million in 2024 from $86.8 million in 2023, and $74.7 million in 2022, attributed to the Blackhawk Bank acquisition and increased insurance commissions[159]. - Non-interest expenses increased to $215.0 million in 2024 from $185.7 million in 2023, and $162.9 million in 2022, mainly due to increased employees and locations from the Blackhawk Bank acquisition[160]. - The Company's Tier 1 capital ratio was 12.82% at December 31, 2024, up from 12.02% in 2023, reflecting strong capital position[162]. Loan and Asset Management - Total commercial real estate loans increased from $1.2 billion at December 31, 2020, to $2.4 billion at December 31, 2024, representing a 100% growth[31]. - The loan portfolio composition includes 42.6% in commercial real estate, 68.4% in loans secured by real estate, and 23.6% in commercial and industrial loans[203]. - Approximately $2.7 billion of loans have maturities over one year and are fixed rate, while $1.9 billion are variable rate loans[208]. - Loans sold into the secondary market amounted to $125.3 million in 2024, compared to $62.2 million in 2023[203]. - The balance of real estate loans held for sale was $6.6 million as of December 31, 2024, compared to $5.0 million in 2023[203]. - Average loans increased by $478.6 million or 9.4% in 2024 compared to 2023[187]. - Nonperforming loans were $29.8 million (0.53% of total loans) at December 31, 2024, which compares favorably with peer financial institutions[38]. Acquisitions and Growth - The Company acquired Blackhawk Bank on August 15, 2023, which was merged into First Mid Bank on December 1, 2023[12]. - The Company also acquired Mid Rivers Insurance Group, Inc. and Purdum, Gray, Ingledue, Beck, Inc. during the quarter ended September 30, 2024[12]. - The Blackhawk Merger closed on August 15, 2023, with First Mid acquiring Blackhawk Bancorp for a total consideration of 3,290,222 shares valued at $93.51 million and $1,928 in cash[45][46]. - The company reported a significant increase in loan balances of $754.4 million or 15.6% from December 31, 2022, primarily due to gross loans acquired from Blackhawk Bank[203]. Risk Management - The Company faces liquidity risk, which could impact its ability to meet financial obligations, including demands for loans and deposit withdrawals[113]. - The Company is exposed to operational risks, including potential cyber-attacks that could disrupt business and lead to financial losses[115]. - The Company is subject to Environmental, Social and Governance (ESG) risks that could negatively affect its reputation and market price of securities[125]. - Climate change presents multi-faceted risks, including operational, credit, and reputational risks, which could materially impact the Company's business and financial condition[127]. - The Company has established a cybersecurity risk management program that includes annual tabletop exercises and mandatory employee training[135]. - The Company's Board of Directors oversees risk management, including cybersecurity risks, through its Risk Oversight and Audit Committees[138]. - The Company has experienced cybersecurity incidents in the past, but they have not materially affected its business strategy or financial condition[137]. Community Engagement and Employee Welfare - In 2024, the Company's employees volunteered 22,321 hours to organizations in their communities, compared to 19,066 hours in 2023, marking an increase of 11.8%[28]. - The Company increased the starting rate of pay by an additional $0.50 per hour for the second consecutive year, positively impacting many entry-level employees[26]. - Over 41% of the Company's workforce contributed to its annual United Way campaign, raising $78,000, which was matched 100% by the Company, resulting in a total contribution of over $167,000[28]. - The number of full-time equivalent employees increased to 1,198 at December 31, 2024, from 1,187 at December 31, 2023[198]. Regulatory Compliance and Capital Ratios - As of December 31, 2024, the Company had a total risk-based capital ratio of 15.37%, a Tier 1 risk-based ratio of 12.82%, a common equity Tier 1 capital ratio of 12.42%, and a leverage ratio of 10.33%, all exceeding regulatory minimums[70]. - First Mid Bank's total risk-based capital ratio was 14.51%, exceeding the minimum regulatory requirement of 10.5%[80]. - The bank's Tier 1 risk-based ratio was 13.40%, well above the required minimum of 8.5%[80]. - The bank's leverage ratio stood at 10.82%, significantly higher than the minimum requirement of 4%[80]. - The bank's common equity Tier 1 ratio was 13.40%, surpassing the minimum requirement of 7%[80]. - The Company is subject to government regulation, which may require significant investment to maintain compliance and could impact operations[130]. Interest Income and Margin - The Company's net interest margin on a tax-effected basis increased to 3.34% as of December 31, 2024, up from 3.05% in December 31, 2023[39]. - Net interest margin (tax effected) improved to 3.34% in 2024 from 3.05% in 2023, and 3.13% in 2022, driven by repricing of earning assets[157]. - The net interest margin increased primarily due to higher interest-bearing liability costs being offset by the repricing of earning assets[186]. - The company reported a net interest spread of 2.83% for 2024, up from 2.62% in 2023[186]. - Total interest income increased by $57.2 million in 2024, with a significant contribution from loans[184].

Company Overview - First Mid Bancshares (FMBH) is a bank holding company headquartered in Mattoon, with a year-to-date price change of 5.81% [3] - The company currently pays a dividend of $0.24 per share, resulting in a dividend yield of 2.46%, which is slightly below the Banks - Northeast industry's yield of 2.56% and above the S&P 500's yield of 1.48% [3] Dividend Performance - The annualized dividend of First Mid Bancshares is $0.96, reflecting a 2.1% increase from the previous year [4] - Over the past five years, the company has increased its dividend four times, achieving an average annual increase of 4.04% [4] - The current payout ratio stands at 28%, indicating that the company distributes 28% of its trailing 12-month earnings per share as dividends [4] Earnings Outlook - For the fiscal year 2025, the Zacks Consensus Estimate projects earnings of $3.53 per share, with an expected growth of 1.44% compared to the previous year [5] Investment Considerations - Dividends are favored by investors for various reasons, including tax advantages and risk reduction in portfolios [6] - Larger, established companies are more likely to offer dividends, while tech start-ups and high-growth businesses typically do not [7] - First Mid Bancshares is positioned as an attractive dividend investment opportunity, holding a Zacks Rank of 2 (Buy) [7]

Core Insights - First Mid Bancshares (FMBH) reported revenue of $85.31 million for the quarter ended December 2024, reflecting a year-over-year increase of 7.7% [1] - The company's EPS was $0.87, down from $0.94 in the same quarter last year, but exceeded the consensus estimate of $0.82, resulting in an EPS surprise of +6.10% [1] - The reported revenue surpassed the Zacks Consensus Estimate of $81.65 million, yielding a revenue surprise of +4.49% [1] Financial Performance Metrics - Efficiency Ratio was reported at 59.5%, better than the three-analyst average estimate of 63.8% [4] - Net Interest Margin stood at 3.4%, matching the average estimate from three analysts [4] - Average Earning Assets were $6.88 billion, slightly below the two-analyst average estimate of $6.89 billion [4] - Non-interest Income reached $26.36 million, exceeding the three-analyst average estimate of $23.41 million [4] - Net Interest Income was reported at $58.95 million, above the two-analyst average estimate of $58.54 million [4] - Net Interest Income (FTE) was $59.72 million, compared to the average estimate of $59.34 million from two analysts [4] - Insurance commissions totaled $6.81 million, surpassing the two-analyst average estimate of $6.25 million [4] - Wealth management revenues were $6.28 million, slightly above the two-analyst average estimate of $6.20 million [4] - ATM/debit card revenue matched the estimate of $4.20 million from two analysts [4] - Other income was reported at $4.92 million, significantly higher than the two-analyst average estimate of $2.25 million [4] - Mortgage banking revenues were $1.10 million, exceeding the two-analyst average estimate of $0.90 million [4] - Service charges amounted to $3.06 million, slightly below the two-analyst average estimate of $3.17 million [4] Stock Performance - Shares of First Mid Bancshares have returned -3% over the past month, contrasting with the Zacks S&P 500 composite's +2.7% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]

Core Viewpoint - First Mid Bancshares (FMBH) reported quarterly earnings of $0.87 per share, exceeding the Zacks Consensus Estimate of $0.82 per share, but down from $0.94 per share a year ago, indicating a mixed performance in earnings despite a positive surprise this quarter [1][2]. Financial Performance - The company achieved revenues of $85.31 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 4.49% and showing an increase from $79.23 million year-over-year [2]. - Over the last four quarters, First Mid Bancshares has exceeded consensus EPS estimates three times and has also topped revenue estimates three times [2]. Stock Performance and Outlook - First Mid Bancshares shares have declined approximately 0.6% since the beginning of the year, contrasting with the S&P 500's gain of 3.5%, indicating underperformance relative to the broader market [3]. - The company's earnings outlook is mixed, with current consensus EPS estimates at $0.91 for the upcoming quarter and $3.45 for the current fiscal year, alongside revenues of $84.3 million and $336.5 million respectively [7]. Industry Context - The Banks - Northeast industry, to which First Mid Bancshares belongs, is currently ranked in the top 20% of over 250 Zacks industries, suggesting a favorable environment for performance [8]. - The correlation between near-term stock movements and earnings estimate revisions is noted, with the Zacks Rank indicating a Hold status for First Mid Bancshares, suggesting expected performance in line with the market [6][5].

Net Interest Income and Margin - Net interest income for Q4 2024 increased by $1.4 million (2.4%) compared to Q3 2024, driven by a $2.7 million decrease in interest expense due to lower interest rates and reduced wholesale funding[3] - Net interest margin increased by 6 basis points to 3.41% in Q4 2024, with earning asset yields decreasing by 11 basis points and the average cost of funds decreasing by 17 basis points[5] - Net interest income for the quarter ended December 31, 2024, was $58,950 thousand, compared to $57,462 thousand in the same period last year[28] - Net interest margin (tax equivalent) improved to 3.41% in Q4 2024 from 3.35% in Q3 2024[34] - Net interest income for Q4 2024 was $58.95 million, up from $57.54 million in Q3 2024 and $57.46 million in Q4 2023[38] - Net interest margin (tax equivalent) improved to 3.41% in Q4 2024 from 3.35% in Q3 2024 and 3.33% in Q4 2023[38] Loan Performance - Total loans increased by $57.9 million (1.0%) to $5.67 billion in Q4 2024, with growth primarily in construction and land development and commercial and industrial loans[7] - Total loans increased to $5,672,462 in Q4 2024, up from $5,614,591 in Q3 2024[33] - Non-performing loans rose to $29,835 in Q4 2024, compared to $18,242 in Q3 2024[33] - Nonperforming loans to total loans ratio increased to 0.53% in Q4 2024 from 0.32% in Q3 2024[34] - Loans (net of unearned income) generated $81,564 in interest income at a rate of 5.76% in Q4 2024[36] Noninterest Income - Noninterest income increased by $4.6 million (21.1%) in Q4 2024 compared to Q4 2023, driven by growth in wealth management and insurance revenues[12] - Wealth management and insurance combined revenues increased by 26% in Q4 2024 compared to Q4 2023, with a record quarter of farmland sales contributing to the growth[2] - Non-interest income for the quarter ended December 31, 2024, increased to $26,363 thousand from $21,768 thousand in the same period last year[28] - Wealth management revenues for the quarter ended December 31, 2024, increased to $6,275 thousand from $4,998 thousand in the same period last year[28] - Insurance commissions for the quarter ended December 31, 2024, rose to $6,805 thousand from $5,398 thousand in the same period last year[28] Deposit Trends - Total deposits decreased by $31.7 million (0.52%) to $6.06 billion in Q4 2024, primarily due to a decline in noninterest bearing deposits and wholesale CDs[10] - Total deposits decreased to $6,057,096 in Q4 2024 from $6,088,834 in Q3 2024[33] - Total interest bearing deposits cost increased to 2.19% in Q4 2024 from 2.12% in Q3 2024[36] Expenses and Efficiency - Noninterest expenses increased by $2.4 million in Q4 2024 compared to Q3 2024, primarily due to $2.2 million in expenses tied to retail and core system technology projects[13] - The company's efficiency ratio improved to 59.5% in Q4 2024 from 61.3% in Q3 2024, reflecting better operating efficiency[15] - Efficiency ratio (tax equivalent) improved to 59.51% in Q4 2024 from 61.33% in Q3 2024[34] - Adjusted noninterest expense (non-GAAP) for Q4 2024 was $50.58 million, slightly higher than $50.25 million in Q3 2024 and $47.12 million in Q4 2023[41] - Efficiency ratio (non-GAAP) improved to 59.51% in Q4 2024 from 61.33% in Q3 2024 and 58.91% in Q4 2023[41] Credit Losses and Allowances - The allowance for credit losses increased by $1.4 million to $70.2 million in Q4 2024, with an ACL to total loans ratio of 1.24%[8] - Provision for credit losses for the quarter ended December 31, 2024, was $3,643 thousand, significantly higher than $552 thousand in the same period last year[28] Capital and Asset Ratios - The company's capital levels remained strong, with total capital to risk-weighted assets at 15.37% and a leverage ratio of 10.33% at the end of Q4 2024[17] - Return on average assets stood at 1.01% in Q4 2024, slightly down from 1.03% in Q3 2024[34] - Adjusted return on average assets (non-GAAP) was 1.10% in Q4 2024, up from 1.05% in Q3 2024 but down from 1.16% in Q4 2023[40] Earnings and Share Performance - Net income for the quarter ended December 31, 2024, was $19,168 thousand, up from $18,071 thousand in the same period last year[28] - Basic earnings per common share for the quarter ended December 31, 2024, were $0.80, compared to $0.76 in the same period last year[30] - Diluted earnings per common share for the quarter ended December 31, 2024, were $0.80, compared to $0.76 in the same period last year[31] - Adjusted earnings (non-GAAP) for Q4 2024 were $20.88 million, up from $19.84 million in Q3 2024 and $22.42 million in Q4 2023[40] - Adjusted diluted earnings per share (non-GAAP) for Q4 2024 was $0.87, compared to $0.83 in Q3 2024 and $0.94 in Q4 2023[40] Total Revenue and Adjusted Metrics - Adjusted total revenue (non-GAAP) for Q4 2024 was $84.99 million, up from $81.93 million in Q3 2024 and $79.98 million in Q4 2023[41] - Total interest income for the quarter ended December 31, 2024, was $89,842 thousand, slightly down from $89,927 thousand in the same period last year[28] - Total interest expense for the quarter ended December 31, 2024, was $30,892 thousand, down from $32,465 thousand in the same period last year[28] - Average earning assets were $6,884,303 in Q4 2024, up from $6,857,070 in Q3 2024[34] - Average earning assets increased to $6.88 billion in Q4 2024, compared to $6.86 billion in Q3 2024 and $6.95 billion in Q4 2023[38]

Core Viewpoint - First Mid Bancshares, Inc. reported solid financial results for the fourth quarter of 2024, driven by revenue growth, effective interest expense management, and strategic technology investments, despite facing higher provision expenses [2][9]. Financial Performance - Net income for the fourth quarter was $19.2 million, or $0.80 diluted EPS, with adjusted net income of $20.9 million, or $0.87 diluted EPS [9]. - Noninterest income increased to $26.4 million, a 21.1% rise compared to the same quarter last year, primarily due to growth in wealth management and insurance [12][13]. - Noninterest expenses totaled $56.3 million, up from $53.9 million in the prior quarter, mainly due to legal and professional fees related to technology projects [14]. Net Interest Income and Margin - Net interest income rose by $1.4 million, or 2.4%, compared to the third quarter of 2024, with a net interest margin of 3.41%, an increase of 6 basis points from the previous quarter [3][5]. - Compared to the fourth quarter of 2023, net interest income increased by $1.5 million, or 2.6%, with interest income on loans rising by $2.6 million [4][9]. Loan Portfolio - Total loans reached $5.67 billion, reflecting a $57.9 million increase, with significant growth in construction, land development, and commercial and industrial loans [7]. - The average rate on new origination and renewed loans was approximately 7.4% [7]. Asset Quality - The allowance for credit losses increased by $1.4 million to $70.2 million, with a ratio of allowance to total loans at 1.24% [8]. - Non-performing loans rose to $29.8 million, with a non-performing loans to total loans ratio of 0.53% [10][8]. Deposits and Borrowings - Total deposits decreased by $31.7 million to $6.06 billion, primarily due to a decline in noninterest-bearing deposits [11]. - The average cost of funds decreased by 17 basis points to 1.83% [11]. Capital Levels and Dividend - The company's capital levels remained strong, with total capital to risk-weighted assets at 15.37% [18]. - The Board of Directors declared a regular quarterly dividend of $0.24 per share, payable on February 28, 2025 [19].

Group 1 - First Mid Bancshares (FMBH) is expected to report a year-over-year decline in earnings of 12.8%, with quarterly earnings estimated at $0.82 per share and revenues projected to be $81.65 million, reflecting a 3.1% increase from the previous year [3][12] - The consensus EPS estimate has been revised 0.74% higher in the last 30 days, indicating a slight positive adjustment by analysts [4] - The Earnings ESP for First Mid Bancshares is -2.74%, suggesting a bearish outlook from analysts regarding the company's earnings prospects [11] Group 2 - The earnings report could lead to stock price movement depending on whether the actual results exceed or fall short of expectations [2][14] - Historical performance shows that First Mid Bancshares has beaten consensus EPS estimates three out of the last four quarters, although it delivered a surprise of -1.19% in the most recent quarter [12][13] - The Zacks Rank for First Mid Bancshares is currently 3 (Hold), which complicates the prediction of an earnings beat [11][16] Group 3 - Eagle Bancorp (EGBN), another player in the Northeast banking industry, is expected to report a year-over-year EPS decline of 28.4%, with revenues estimated at $81.08 million, up 6.8% from the previous year [17] - Despite a 9.5% upward revision in the consensus EPS estimate for Eagle Bancorp, the Earnings ESP is -8.33%, indicating challenges in predicting an earnings beat [18]

Financial Performance - Net income for the nine months ended September 30, 2024, was $59.7 million, an increase from $50.9 million in the same period of 2023, representing a growth of 15.0%[179] - Diluted net income per common share increased to $2.49 for the nine months ended September 30, 2024, compared to $2.40 for the same period in 2023[179] - Total non-interest income rose to $69.9 million, a 7.5% increase from $65.0 million in the same period last year[182] - Tax equivalent net interest income increased by $33.8 million, or 24.4%, to $172.1 million for the nine months ended September 30, 2024, compared to $138.3 million for the same period in 2023[219] Asset and Liability Management - Total assets remained stable at $7.6 billion as of September 30, 2024, unchanged from December 31, 2023[180] - The Company’s total assets as of September 30, 2024, were $7,583,515 thousand, an increase from $7,276,111 thousand in 2023[215] - Total outstanding commitments increased to $1.4 billion at September 30, 2024, up from $1.1 billion at the same time in 2023[188] - The Company reported total interest-earning assets of $6.79 billion and total interest-bearing liabilities of $5.26 billion as of September 30, 2024[285] Credit Quality - Total nonperforming loans decreased to $18.2 million at September 30, 2024, down from $21.3 million at September 30, 2023[184] - The provision for credit losses for the nine months ended September 30, 2024, was $2.0 million, significantly lower than $5.6 million for the same period in 2023[184] - The allowance for credit losses increased to $68,774 thousand as of September 30, 2024, compared to $68,241 thousand at the end of September 2023, reflecting a ratio of allowance for credit losses to loans outstanding of 1.22%[258] - The ratio of nonperforming loans to loans, before allowance for credit losses, improved to 0.33% as of September 30, 2024, down from 0.36% at the end of 2023[248] Interest Income and Margin - Net interest margin improved to 3.32% for the nine months ended September 30, 2024, up from 2.95% for the same period in 2023, driven by increased earning asset yields[181] - The year-to-date net yield on interest-earning assets was 3.26% for 2024, up from 2.90% in 2023[213] - The average rate on interest-bearing deposits increased to 2.53% in 2024 from 2.28% in 2023[215] - The net interest spread for the three months ended September 30, 2024, was 2.82%, compared to 2.61% for the same period in 2023[215] Expenses and Operational Costs - Total non-interest expense increased by 23.3% to $158.7 million, up from $128.7 million for the same period last year, primarily due to the acquisition of Blackhawk Bank[183] - Salaries and employee benefits increased by 24.2% to $31,565 million for the three months ended September 30, 2024, primarily due to the acquisition of Blackhawk Bank[231] - Total other expenses rose by 14.5% to $53,933 million for the three months ended September 30, 2024, compared to $47,096 million in 2023[230] Equity and Capital - As of September 30, 2024, the Company's stockholders' equity increased by $65.3 million or 8.2%, reaching $858.5 million, with net income contributing $59.7 million before dividends[286] - The Company's Tier 1 capital to risk-weighted assets ratio was 12.70% at September 30, 2024, compared to 10.19% at September 30, 2023[185] - The Company maintained compliance with regulatory capital requirements, ensuring capital adequacy as of September 30, 2024 and December 31, 2023[288] Loans and Lending Activities - As of September 30, 2024, total loans amounted to $5,614.6 million, an increase of $34.0 million or 0.6% from December 31, 2023[239] - The loan portfolio includes $2,440.1 million in commercial real estate loans, representing 43.5% of outstanding loans[239] - Agricultural loans increased to $233.4 million, accounting for 4.2% of outstanding loans, up from 3.5% in the previous period[239] - Loans to borrowers in the agricultural sector increased by $29.9 million to $618.4 million as of September 30, 2024, compared to $588.5 million at the end of 2023[254] Market and Economic Conditions - The company does not consider its loan regions high risk despite some economic stress in 2023 and 2024[241] - There has been no material change in the market risk faced by the Company since December 31, 2023[309] Miscellaneous - The Company is currently facing claims and lawsuits arising in the ordinary course of business, but management believes these will not materially affect its consolidated financial position, results of operations, or cash flows[308] - The Company has approximately $4.1 million remaining under its stock repurchase program, with no shares repurchased during 2024[296]

Group 1: Earnings Performance - First Mid Bancshares reported quarterly earnings of $0.83 per share, missing the Zacks Consensus Estimate of $0.84 per share, but showing an increase from $0.77 per share a year ago, resulting in an earnings surprise of -1.19% [1] - The company posted revenues of $80.57 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 1.34%, compared to year-ago revenues of $73.5 million [2] Group 2: Stock Performance and Outlook - First Mid Bancshares shares have increased approximately 12.8% since the beginning of the year, while the S&P 500 has gained 21.9% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] Group 3: Estimate Revisions and Industry Context - The estimate revisions trend for First Mid Bancshares is currently favorable, leading to a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [6] - The current consensus EPS estimate for the upcoming quarter is $0.84 on revenues of $80.15 million, and for the current fiscal year, it is $3.47 on revenues of $318.55 million [7] - The Banks - Northeast industry, to which First Mid Bancshares belongs, is currently in the top 15% of over 250 Zacks industries, suggesting a positive outlook for stocks in this sector [8]