# First Mid Bancshares, Inc. (FMBH)

> Source: Nexqual · https://nexqual.com/FMBH · data as of 2026-10-29 20:00 UTC · cite as "Nexqual, First Mid Bancshares, Inc. (FMBH), nexqual.com/FMBH" · informational, not investment advice.

**Price:** USD 51.13 (+1.21% on the day) · last close of Oct 29, 2026; US market closed, not a live price. Prev close 50.52 · day 51.06–52.2 · 52w 34.16–53.36 · market cap $1.36B · NGM

## Key facts
- Valuation: P/E 13.5x (avg 10.8x at the last 3 fiscal year-ends).
- Analysts: Buy (mean 2.14 on a 1–5 scale) (7 analysts), mean target USD 56.36 (range 53–62.5).
- Total return with dividends: 1Y +46.9% vs S&P 500 +14.8%; 5Y +35.2% vs S&P 500 +79.1%.
- Next earnings: 2026-10-29, EPS estimate USD 1.19, revenue estimate $82.2M. All companies reporting that day: https://nexqual.com/earnings/2026-10-29
- Dividend: USD 1.04 a year (yield 2.06%), paid quarterly; latest ex-dividend date 2026-08-18; annual dividends grew 2.9% a year 2022–2025.
- Short interest: 3.05% of float (as of 2026-10-15), 5.1 days to cover.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 13.5x · P/S 3.5x · P/FCF 11.4x · P/B 1.2x · FCF yield 8.80% · Earnings yield 7.39% · Dividend yield (paid, TTM) 1.81%
P/E at fiscal year-ends: Dec 2025 10.2x, Dec 2024 11.2x, Dec 2023 11.0x.

## Analysts
Consensus Buy (mean 2.14 on a 1–5 scale), 7 analysts; mean target USD 56.36 (low 53, high 62.5).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-07-28 | Piper Sandler | Target raised | Overweight | $55 → $62.5 |
| 2026-07-27 | Keefe, Bruyette & Woods | Target raised | Market Perform | $50 → $54 |
| 2026-07-27 | DA Davidson | Target raised | Neutral | $47 → $54 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-30) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | +46.9% | +35.2% |
| S&P 500 (SPY) | +14.8% | +79.1% |
| Per year | +47.3% | +6.2% |
| Volatility (annualized) | 22.1% | 25.7% |
| Max drawdown | -12.1% (Feb 2026→Mar 2026) | -47.9% (Nov 2021→May 2023) |

## Dividends
Annual dividend rate USD 1.04 per share, yield 2.06% at the current price. Paid over the last 12 months: USD 1.01 in 4 payments (quarterly).
Most recent ex-dividend date: Aug 18, 2026; payment date: Sep 1, 2026. To receive a dividend, shares must be owned before the ex-dividend date.
Latest change: raised 4.0% to USD 0.26 per payment from USD 0.25, starting with the Aug 18, 2026 ex-dividend date.
Payout ratio 25% of earnings · 5-year average yield 2.55% · annual dividends grew 2.9% a year from 2022 to 2025.
| Ex-dividend date | Amount per share |
|---|---|
| 2026-08-18 | USD 0.26 |
| 2026-05-15 | USD 0.25 |
| 2026-02-12 | USD 0.25 |
| 2025-11-14 | USD 0.25 |
| 2025-08-15 | USD 0.25 |
| 2025-05-15 | USD 0.24 |
| 2025-02-13 | USD 0.24 |
| 2024-11-14 | USD 0.24 |
Total by calendar year: 2022 USD 0.90 · 2023 USD 0.92 · 2024 USD 0.94 · 2025 USD 0.98.

## Short interest
768,185 shares sold short, 3.05% of the float, as of Oct 15, 2026 (exchange short-interest report, published about twice a month). Prior report (Sep 15, 2026): 549,723 shares (+39.7%). Days to cover: 5.1 (short shares ÷ average daily volume).

## Peers (Banks - Regional)
FITB (Fifth Third Bancorp) USD 54.44 +1.81% · NU (Nu Holdings Ltd.) USD 12.05 +0.67% · TFC (Truist Financial Corporation) USD 49.32 +1.86% · DB (Deutsche Bank AG) USD 34.86 +4.03% · NWG (NatWest Group plc) USD 17 -1.33% · LYG (Lloyds Banking Group Plc) USD 5.25 -4.55%

## More
Full page: https://nexqual.com/FMBH · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-12-31) | $1.19 | $1.18 | +0.9% | $82.2M | 6 |
| Next quarter (ends 2027-03-31) | $1.26 | $1.24 | +1.8% | $81.4M | 5 |
| Current fiscal year (ends 2026-12-31) | $4.74 | $4.56 | +3.9% | $315.1M | 7 |
| Next fiscal year (ends 2027-12-31) | $4.98 | $4.90 | +1.6% | $334.7M | 7 |

## Earnings history and stock reaction
| Results filed | Quarter | EPS | Consensus | Surprise | Stock reaction |
|---|---|---|---|---|---|
| — | Quarter ended Sep 30, 2026 | $1.26 | $1.15 | Beat +9.6% | — |
| — | Quarter ended Jun 30, 2026 | $1.26 | $1.11 | Beat +13.5% | — |
| — | Quarter ended Mar 31, 2026 | $1.14 | $1.06 | Beat +7.5% | — |
| — | Quarter ended Dec 31, 2025 | $1.06 | $1.06 | In line | — |
EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).