Have you been paying attention to shares of First Mid Bancshares (FMBH) ? Shares have been on the move with the stock up 5% over the past month. The stock hit a new 52-week high of $40.63 in the previous session. First Mid Bancshares has gained 14.4% since the start of the year compared to the 16.6% move for the Zacks Finance sector and the 2.4% return for the Zacks Banks - Northeast industry. What's Driving the Outperformance? The stock has a great record of positive earnings surprises, as it hasn't missed ...

Investors might want to bet on First Mid Bancshares (FMBH) , as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change. A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years. In ...

Investors might want to bet on First Mid Bancshares (FMBH) , as earnings estimates for this company have been showing solid improvement lately. The stock has already gained solid short-term price momentum, and this trend might continue with its still improving earnings outlook. The upward trend in estimate revisions for this bank holding company reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a strong correla ...

Core Viewpoint - First Mid Bancshares (FMBH) demonstrated strong financial performance in Q2 2024, with significant revenue growth and earnings per share (EPS) slightly above the previous year, indicating positive momentum in the company's operations [1]. Financial Performance - Revenue for the quarter reached $79.19 million, reflecting a 28% increase year-over-year [1]. - EPS was reported at $0.84, a slight increase from $0.83 in the same quarter last year [1]. - The revenue exceeded the Zacks Consensus Estimate of $78.25 million by 1.20% [1]. - The company achieved an EPS surprise of 6.33%, compared to the consensus estimate of $0.79 [1]. Key Financial Metrics - Efficiency Ratio was reported at 59.6%, better than the estimated 64.3% by analysts [3]. - Net Interest Margin stood at 3.4%, slightly above the average estimate of 3.3% [4]. - Average Earning Assets totaled $6.82 billion, slightly below the two-analyst average estimate of $6.89 billion [5]. - Non-interest Income was $22.42 million, marginally below the three-analyst average estimate of $22.47 million [6]. - Other income was reported at $2.10 million, compared to the two-analyst average estimate of $2.20 million [7]. - Net Interest Income (FTE) was $57.36 million, exceeding the estimate of $55.55 million [8]. - Net Interest Income was $56.77 million, also above the estimate of $55.50 million [9]. - ATM/debit card revenue reached $4.28 million, surpassing the average estimate of $4.10 million [10]. - Wealth management revenues were $5.41 million, exceeding the two-analyst average estimate of $5.20 million [11]. - Insurance commissions totaled $6.53 million, slightly below the average estimate of $6.75 million [12]. - Service charges were reported at $3.23 million, above the estimate of $3.05 million [13]. - Mortgage banking revenues were $1.04 million, below the average estimate of $1.10 million [14]. Stock Performance - Shares of First Mid Bancshares have increased by 18.2% over the past month, significantly outperforming the Zacks S&P 500 composite, which saw a change of +1.1% [14]. - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [14].

Financial Performance - Net income for Q2 2024 was $19.7 million, or $0.82 diluted EPS, with adjusted net income of $20.1 million, or $0.84 diluted EPS [2]. - Net income for Q2 2024 was $19,745,000, a 19.4% increase from $16,567,000 in Q2 2023 [22]. - Basic earnings per common share increased to $0.83 in Q2 2024 from $0.81 in Q2 2023, reflecting a 2.5% growth [20]. - Adjusted earnings for the quarter ended June 30, 2024, were $20,118,000, down from $22,307,000 in the previous quarter [28]. - Adjusted diluted earnings per share (non-GAAP) decreased to $0.84 from $0.93 in the prior quarter [28]. - Adjusted return on average assets (non-GAAP) was 1.07%, compared to 1.17% in the previous quarter [28]. - Adjusted return on average common equity (non-GAAP) was 10.11%, down from 11.28% in the prior quarter [28]. Revenue and Income Sources - Total interest income for Q2 2024 reached $88,683,000, a 34.1% increase from $66,130,000 in Q2 2023 [19]. - Net interest income increased by $1.3 million, or 2.3% from Q1 2024, and rose by $14.4 million, or 34.0% compared to Q2 2023 [4]. - Noninterest income for Q2 2024 was $22.4 million, down from $24.5 million in the prior quarter, but up $2.9 million, or 15.1% compared to Q2 2023 [8]. - Non-interest income totaled $22,422,000, representing a 15.4% increase compared to $19,486,000 in Q2 2023 [19]. - Wealth management revenues were $5,405,000, slightly up from $5,341,000 in Q2 2023 [19]. Expenses and Loss Provisions - Noninterest expenses totaled $51.4 million, a decrease from $53.4 million in the prior quarter, but an increase of $11.3 million compared to Q2 2023 [10]. - Total non-interest expense rose to $51,391,000, a 28.3% increase from $40,042,000 in Q2 2023 [19]. - Provision for credit losses was $1,083,000, compared to $458,000 in Q2 2023, indicating a significant increase in credit loss provisions [19]. - Integration and acquisition expenses for the quarter were $250,000, down from $1,804,000 in the previous quarter [28]. Loans and Deposits - Total loans reached $5.56 billion, reflecting an increase of $61.3 million, or 1.1% from the prior quarter [5]. - Total loans increased to $5,560,617 thousand as of June 30, 2024, up from $5,499,295 thousand in the previous quarter, representing a growth of 1.1% [23]. - Total deposits decreased by $127.2 million, or 2.0% from the prior quarter, ending at $6.12 billion [7]. - Total deposits decreased to $6,115,779 thousand as of June 30, 2024, from $6,242,936 thousand in the previous quarter, a decline of 2.0% [23]. Asset Quality and Ratios - The allowance for credit losses increased to $68.3 million, with a ratio of 1.23% to total loans [6]. - Non-performing loans decreased to $19,079 thousand as of June 30, 2024, down from $20,064 thousand in the previous quarter, indicating improved asset quality [24]. - The allowance for credit losses to non-performing loans ratio was 358.05% as of June 30, 2024, compared to 338.60% in the previous quarter, showing a stronger coverage [24]. Shareholder Returns and Dividends - The Board of Directors approved a quarterly dividend increase to $0.24 per share, payable on August 30, 2024 [13]. - The weighted average shares outstanding increased to 23,896,210 from 20,528,717 in the previous year, indicating a growth in share count [20]. Efficiency and Margins - The net interest margin was 3.36%, an increase of 11 basis points from the previous quarter and 52 basis points from the same period last year [5]. - The net interest margin (tax equivalent) improved to 3.36% for the quarter ended June 30, 2024, up from 3.25% in the previous quarter [26]. - The efficiency ratio (tax equivalent) was 59.61% for the quarter ended June 30, 2024, compared to 59.09% in the previous quarter, indicating a slight increase in operational efficiency [24]. - The efficiency ratio (non-GAAP) improved to 59.61% from 59.09% in the previous quarter [28].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission file number 001-36434 FIRST MID BANCSHARES, INC. (Exact name of Registrant as specified in its charter) (State or other jurisdiction of incorporation or org ...

First Mid Bancshares (FMBH) came out with quarterly earnings of $0.93 per share, beating the Zacks Consensus Estimate of $0.86 per share. This compares to earnings of $0.96 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 8.14%. A quarter ago, it was expected that this bank holding company would post earnings of $0.83 per share when it actually produced earnings of $0.94, delivering a surprise of 13.25%.Over the last four quart ...

EXHIBIT 99.1 First Mid Bancshares, Inc. Announces First Quarter 2024 Results 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 "Coming off an eventful year for our industry, I am pleased with the way we started 2024," said Joe Dively, Chairman and Chief Executive Officer. "The benefits of adding Blackhawk are shining through with a stable core margin, significant l ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission file number 001-36434 FIRST MID BANCSHARES, INC. (Exact name of Registrant as specified in its charter) Delaware 37-1103704 (State or other jurisdiction of ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-36434 FIRST MID BANCSHARES, INC. (Exact name of Registrant as specified in its charter) Delaware 37-1103704 Title of each class Trading Symbol(s ...