First Mid Bancshares (FMBH) Tops Q4 Earnings and Revenue Estimates

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].