First Mid Bancshares (NASDAQ:FMBH) Posts Quarterly Earnings Results, Beats Estimates By $0.12 EPS

First Mid Bancshares (NASDAQ:FMBH) issued its earnings results on Thursday. The bank reported $1.26 earnings per share for the quarter, topping 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 business had revenue of $107.43 million for the quarter, compared to the consensus estimate of $108.47 million.

First Mid Bancshares Trading Up 1.2%

Shares of First Mid Bancshares stock traded up $0.60 on Thursday, reaching $51.12. 69,383 shares of the company’s stock were exchanged, compared to its average volume of 128,582. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.95 and a current ratio of 0.95. The firm’s 50-day moving average is $49.94 and its two-hundred day moving average is $45.94. The company has a market capitalization of $1.36 billion, a P/E ratio of 12.68 and a beta of 0.80. First Mid Bancshares has a 52 week low of $34.15 and a 52 week high of $53.36.

First Mid Bancshares News Summary

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

• Positive Sentiment: Quarterly earnings exceeded expectations. First Mid reported third-quarter adjusted earnings of $1.26 per share, above the $1.14–$1.15 analyst consensus and up from $0.97 a year earlier, representing roughly 30% year-over-year growth. First Mid Bancshares Surpasses Q3 Earnings Estimates
• Positive Sentiment: Profitability remained solid. The bank reported a 19.76% net margin and 10.86% return on equity, reinforcing the earnings beat and supporting investor confidence in operating performance. First Mid Bancshares Announces Third Quarter 2026 Results
• Positive Sentiment: Expansion agreement broadens First Mid’s geographic footprint. First Mid agreed to acquire Evergreen Bancshares, parent of American Bank of Freedom, in a stock-and-cash transaction. The deal is intended to strengthen its presence in the St. Louis area and along the I-70 corridor, expand its Illinois franchise through Rochester, and establish a full-service banking presence in greater Indianapolis. First Mid Bancshares Announces Acquisition of Evergreen Bancshares
• Positive Sentiment: Ag-services diversification is also expanding. First Mid’s Ag Services division announced an agreement to acquire Winship Farm Management, potentially adding to its agricultural-services capabilities, although financial terms and expected earnings impact were not provided. Ag Services to Acquire Winship Farm Management

Analyst Upgrades and Downgrades

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

About First Mid Bancshares

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.