First Mid Bancshares (FMBH) Beats Q2 Earnings and Revenue Estimates

Group 1: Earnings Performance - First Mid Bancshares reported quarterly earnings of $0.99 per share, exceeding the Zacks Consensus Estimate of $0.91 per share, and up from $0.84 per share a year ago, representing an earnings surprise of +8.79% [1] - The company posted revenues of $87.46 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 3.32%, compared to $79.19 million in the same quarter last year [2] - Over the last four quarters, First Mid Bancshares has surpassed consensus EPS estimates three times and topped consensus revenue estimates three times as well [2] Group 2: Stock Performance and Outlook - First Mid Bancshares shares have increased by approximately 5.6% since the beginning of the year, while the S&P 500 has gained 8.1% [3] - The company's current consensus EPS estimate for the upcoming quarter is $0.89 on revenues of $85.65 million, and for the current fiscal year, it is $3.73 on revenues of $341.75 million [7] - The estimate revisions trend for First Mid Bancshares was mixed ahead of the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6] Group 3: Industry Context - The Zacks Industry Rank for Banks - Northeast, to which First Mid Bancshares belongs, is currently in the top 23% of over 250 Zacks industries, suggesting a favorable industry outlook [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]