First Mid Bancshares (FMBH) Financial Statements & Analysis

First Mid Bancshares (FMBH) Income Statement

First Mid Bancshares reported revenue of $342.27M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 7.4% from $318.63M a year earlier. Net income was $91.75M, up 16.3% year over year, a net margin of 26.8%. Gross margin was 99.1% and operating margin 34.2%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $114.88M, up 35.3% from the same quarter a year earlier.

First Mid Bancshares Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

Scale:

Scroll to see more

First Mid Bancshares, Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	342.27	318.63	274.93	254.15	234.40	201.37	202.25	157.01	127.50
Cost of Revenue	126.75	134.29	112.81	36.42	30.41	32.83	30.48	21.49	13.94
Gross Profit	339.30	313.00	268.82	249.85	219.25	168.54	171.77	135.51	113.55
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	141.44	131.02	111.31	39.85	94.87	69.38	64.83	49.66	42.02
Operating Expenses	222.25	208.60	180.42	158.56	152.46	108.80	108.50	87.01	71.83
Operating Income	117.05	104.40	88.41	91.29	66.79	59.74	63.27	48.51	41.73
Other Income/Expense
Interest Income	372.99	357.38	300.17	215.89	183.01	144.14	149.72	124.57	99.56
Interest Expense	116.83	128.65	106.70	31.61	15.26	16.73	24.05	12.83	6.48
Other Income/Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Income
Income Before Tax	117.05	104.40	88.41	91.29	66.79	59.74	63.27	48.51	41.73
Income Tax Expense	25.30	25.50	19.47	18.34	15.30	14.47	15.32	11.91	15.04
Net Income	91.75	78.90	68.94	72.95	51.49	45.27	47.94	36.60	26.68
Net Income - Continuous Operations	91.75	78.90	68.94	72.95	51.49	45.27	47.94	36.60	26.68
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	136.82	20.78	14.90	15.06	81.24	71.46	74.11	56.39	49.86
EBIT	-	-	-	-	-	-	-	-	-
Depreciation & Amortization	12.44	13.56	9.13	15.06	5.39	11.72	10.84	7.88	8.13
Earnings Per Share
Basic EPS	4.00	3.00	3.00	4.00	3.00	3.00	3.00	3.00	2.00
Diluted EPS	4.00	3.00	3.00	4.00	3.00	3.00	3.00	3.00	2.00
Basic Shares Outstanding	23.87	23.80	21.78	20.17	17.89	16.72	16.68	14.49	12.53
Diluted Shares Outstanding	23.99	23.90	21.87	20.24	17.94	16.76	16.71	14.50	12.54

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About First Mid Bancshares Financial Statements

What was First Mid Bancshares's revenue in fiscal 2025?

First Mid Bancshares reported revenue of $342.27M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 7.4% from $318.63M a year earlier.

Is First Mid Bancshares profitable?

Yes. First Mid Bancshares earned net income of $91.75M in fiscal 2025, a net margin of 26.8%. In fiscal 2024 it earned $78.90M.

What is First Mid Bancshares's operating margin?

First Mid Bancshares's operating income was $117.05M on revenue of $342.27M in fiscal 2025, an operating margin of 34.2%, compared with 32.8% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition