First Mid Bancshares Inc (OQ:FMBH)
Business Focus: Banks
| Sector: Financials | Industry: Banks |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 1421 Charleston Avenue MATTOON IL 61938 |
| Tel: | 1-217-2585522 |
| Website: | https://www.firstmid.com/first-mid |
| IR: | See website |
| Key People | ||
| Joseph R. Dively Chairman of the Board, President, Chief Executive Officer | Jeremy R. Frieburg Senior Vice President, Chief Information Officer | Matthew K. Smith Chief Financial Officer, Executive Vice President |
| Michael L. Taylor Chief Operating Officer, Senior Executive Vice President | Rhonda Gatons Executive Vice President, Director - Human Resources | Bradley L. Beesley Executive Vice President, Chief Trust and Wealth Management Officer of First Mid Bank |
| Clay M. Dean Executive Vice President | Amanda D. Lewis Executive Vice President | Eric S. Mcrae Executive Vice President and Executive Vice President, Chief Lending Officer of First Mid Bank | Stas R. Wolak Executive Vice President, Chief Retail Banking Officer |
| Business Overview |
| First Mid Bancshares, Inc. is a financial holding company. The Company is the parent company of First Mid Bank & Trust, N.A. (First Mid Bank)., Blackhawk Bank, First Mid Insurance Group, Inc. (First Mid Insurance) and First Mid Wealth Management Company. It is engaged in the business of banking through its wholly owned subsidiary, First Mid Bank. The Company offers insurance products and services to customers through its wholly owned subsidiary, First Mid Insurance. The Company offers trust, farm services, investment services, and retirement planning through its wholly owned subsidiary, First Mid Wealth Management Company. First Mid provides a range of financial services, including banking, wealth management, brokerage, Ag services, and insurance through a network of locations throughout Illinois, Missouri, Texas, and Wisconsin and in Indianapolis area. First Mid Wealth Management Company offers services, such as retirement planning, financial planning, and investment services. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, First Mid Bancshares Inc interest income increased 39% to $300.2M. Net interest income after loan loss provision increased 4% to $187.4M. Net income decreased 6% to $68.9M. Net interest income after loan loss provision reflects Banking operations segment increase from $0K to $187.4M. Net income was offset by Interest on Deposits increase from $18.8M to $77.3M (expense). |
| Employees: | 1,158 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $922.10M as of Dec 31, 2023 |
| Annual revenue (TTM): | $300.17M as of Dec 31, 2023 |
| EBITDA (TTM): | $126.15M as of Dec 31, 2023 |
| Net annual income (TTM): | $68.94M as of Dec 31, 2023 |
| Free cash flow (TTM): | $49.22M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $221.66M as of Dec 31, 2023 |
| Shares outstanding: | 23,889,515 as of Mar 6, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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