First Mid Bancshares (NASDAQ:FMBH) Issues Quarterly Earnings Results

First Mid Bancshares (NASDAQ:FMBH) released its earnings results on Thursday. The bank reported $1.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.12, FiscalAI reports. First Mid Bancshares had a net margin of 19.76% and a return on equity of 10.86%. The firm had revenue of $107.43 million for the quarter, compared to analysts’ expectations of $108.47 million.

First Mid Bancshares Stock Performance

NASDAQ FMBH opened at $51.13 on Friday. The company’s 50 day moving average is $49.96 and its 200-day moving average is $46.00. First Mid Bancshares has a 12-month low of $34.15 and a 12-month high of $53.36. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.03. The firm has a market cap of $1.36 billion, a P/E ratio of 12.69 and a beta of 0.80.

First Mid Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Monday, November 16th will be paid a $0.26 dividend. The ex-dividend date is Monday, November 16th. This represents a $1.04 annualized dividend and a dividend yield of 2.0%. First Mid Bancshares’s dividend payout ratio (DPR) is presently 25.81%.

Key Headlines Impacting First Mid Bancshares

Here are the key news stories impacting First Mid Bancshares this week:

• Positive Sentiment: Q3 earnings beat expectations: Adjusted earnings were $1.26 per share, exceeding consensus estimates of $1.14–$1.15 and rising from $0.97 a year earlier. The bank reported a 19.76% net margin and 10.86% return on equity. First Mid Bancshares Announces Third Quarter 2026 Results
• Positive Sentiment: Expansion through Evergreen acquisition: First Mid agreed to acquire Evergreen Bancshares, parent of American Bank of Freedom, in a stock-and-cash transaction. The deal is expected to expand FMBH’s presence in St. Louis, along the I-70 corridor, in Illinois, and in the greater Indianapolis market, potentially improving its long-term growth prospects. First Mid Bancshares Announces Acquisition of Evergreen Bancshares
• Positive Sentiment: Dividend reaffirmed: The company declared a quarterly dividend of $0.26 per share, or $1.04 annualized, representing an indicated yield of approximately 2.0%. Investors of record November 16 are scheduled to receive payment December 1.
• Neutral Sentiment: First Mid’s Ag Services business also announced an agreement to acquire Winship Farm Management, adding another potential source of specialized-business growth. Financial terms and the expected earnings impact were not provided. First Mid Bancshares Ag Services to Acquire Winship Farm Management
• Negative Sentiment: Quarterly revenue of $107.43 million was modestly below the $108.47 million analyst estimate. Investors may also monitor integration costs, execution risks, and potential share dilution from the Evergreen transaction.

Analysts Set New Price Targets

A number of research firms recently commented on FMBH. Weiss Ratings cut shares of First Mid Bancshares from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, October 23rd. Keefe, Bruyette & Woods increased their price objective on First Mid Bancshares from $50.00 to $54.00 and gave the company a “market perform” rating in a report on Monday, July 27th. Piper Sandler raised their target price on First Mid Bancshares from $55.00 to $62.50 and gave the stock an “overweight” rating in a research report on Tuesday, July 28th. Finally, DA Davidson boosted their target price on First Mid Bancshares from $47.00 to $54.00 and gave the company a “neutral” rating in a research note on Monday, July 27th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $54.62.

First Mid Bancshares Company Profile

First Mid Bancshares, Inc is a financial services holding company headquartered in Mattoon, Illinois. Through its principal subsidiary, First Mid Bank & Trust, N.A., the company provides banking and related financial services to individuals, families, farmers, businesses and governmental entities.

First Mid Bank & Trust offers deposit accounts, consumer and commercial lending, agricultural loans, mortgage services, treasury and cash-management services, online and mobile banking, and other traditional banking products.