First Mid(US:FMBH) ZACKSยท2025-01-23 16:30Core 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]