First Mid Bancshares Inc (OQ:FMBH)

Sector:  Financials Industry:  Banks
See Regulatory Filings on SEC
Company Contact
Address: 1515 Charleston Ave
PO Box 499
MATTOON IL 61938-0499
Tel: 1-217-2580463
IR: See website
Key People
Joseph R. Dively
Chairman of the Board, President, Chief Executive Officer
Matthew K. Smith
Chief Financial Officer, Executive Vice President
Michael L. Taylor
Chief Operating Officer, Senior Executive Vice President
Bradley L. Beesley
Executive Vice President& Chief Trust and Wealth Management Officer
Eric S. McRae
Executive Vice President; Chief Credit Officer of First Mid Bank
Business Overview
First mid bancshares, Inc., formerly First Mid-Illinois Bancshares, Inc., is a financial holding company. It is engaged in the business of banking through its subsidiaries, First Mid-Illinois Bank & Trust, N.A. and Soy Capital Bank and Trust Company. The Company provides data processing services to affiliates through another subsidiary, Mid-Illinois Data Services, Inc. The Company offers insurance products and services to customers through its subsidiary First Mid Insurance Group (First Mid Insurance). The Company offers trust, farm services, investment services, and retirement planning through its wholly owned subsidiary, First Mid Wealth Management Company. The Company also owns three statutory business trusts, First Mid-Illinois Statutory Trust I (First Mid Trust I), and First Mid-Illinois Statutory Trust II, Clover Leaf Statutory Trust, and FBTC Statutory Trust I. The Company operated in three primary lines of business: community banking, wealth management, and insurance brokerage.
Financial Overview
For the fiscal year ended 31 December 2019, First Mid Bancshares Inc interest income increased 20% to $149.7M. Net interest income after loan loss provision increased 16% to $119.2M. Net income increased 31% to $47.9M. Net interest income after loan loss provision reflects Interest and fees on loans increase of 20% to $126.8M, Interest on investment securities increase of 61% to $21M.
Employees: 830 as of Sep 30, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $751.15M as of Dec 31, 2019
Annual revenue (TTM): $149.72M as of Dec 31, 2019
EBITDA (TTM): $76.95M as of Dec 31, 2019
Net annual income (TTM): $47.94M as of Dec 31, 2019
Free cash flow (TTM): N/A
Net Debt Last Fiscal Year: $260.78M as of Dec 31, 2019
Shares outstanding: 16,673,480 as of Dec 31, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization