NASDAQ$FMBH

First Mid Bancshares Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Second quarter results were announced, highlighted by the successful system conversion and integration of Jefferson Bank, along with unprecedented loan growth and solid earnings.

First Mid Bancshares reported solid earnings for the second quarter of 2022, driven by successful system conversion and integration of Jefferson Bank and unprecedented loan growth. The company's capital levels remained strong and comfortably above the 'well capitalized' levels.

  • Successful system conversion and integration of Jefferson Bank.
  • Unprecedented quarter of loan growth.
  • Delivered solid earnings through diversified income sources.
  • Asset quality metrics remained strong.

Headline financials

Total Revenue

$65.4M

Previous: $61M+7.1%
EPS (adj)

$0.90

Previous: $0.98-8.2%
Net Interest Margin

3.2%

Previous: 3.2%-0.6%
Total Loans

$4.65B

No prior period
Total Deposits

$5.32B

No prior period
NPL / Total Loans

0.4%

Previous: 0.8%-46.3%
NPA / Total Assets

0.4%

Previous: 0.7%-44.6%
Capital Expenditures

-$2.76M

Previous: -$1.56M-76.7%
Free Cash Flow

$15M

Previous: $10.7M+40.7%
Net Income

$17.8M

Previous: $12.2M+45.3%
Operating Income

$52.4M

Previous: $49.7M+5.5%
Gross Profit

$65.4M

Previous: $61M+7.1%
Cash & Equivalents

$132M

Previous: $342M-61.3%
Total Assets

$6.66B

Previous: $5.79B+15.0%
Stock-Based Comp

$401K

Previous: $262K+53.1%

Revenue & EPS history

First Mid · Revenue · Quarterly

$65.4M

Q2 2022+7.1%vs Q2 2021
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Revenue by segment

First Mid · $18.8M total across 2 segments · Q1 2023

  • Insurance
    $14M
  • Wealth Mgmt
    $4.8M

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2022

Historical avgQ2 2022

-0.2%

Avg return

Earnings day

+1.1%

Avg return

5 days after

+2.0%

Avg return

30 days after

41%

27 / 66 earnings

Positive

+7.1%

Q4 2009

Best reaction

-11.5%

Q1 2011

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.1%+1.5%+2.4%
Q4 2025-1.1%+4.1%-2.5%
Q3 2025-3.0%-0.7%+5.0%
Q2 2025-3.4%-1.3%+1.3%
Q1 2025+3.0%+7.5%+5.5%
Q4 2024+2.8%+4.2%+3.3%
Q3 2024-3.2%-2.6%+7.5%
Q2 2024-1.7%-2.4%+4.9%
Q1 2024-0.8%-0.6%+0.8%
Q4 2023-0.5%-0.4%-8.9%
Q3 2023+2.3%+4.6%+19.6%
Q2 2023+2.0%+3.5%-6.6%
Q1 2023+5.8%+6.7%+2.4%
Q4 2022-1.6%+0.5%-3.6%
Q3 2022+0.2%-1.6%-4.1%
Q2 2022-2.1%-3.1%-5.6%
Q1 2022+2.2%-1.9%+0.8%
Q4 2021-2.9%-1.9%-3.0%
Q3 2021+2.4%+4.5%-0.2%
Q2 2021+2.0%+4.1%+4.0%
Q1 2021+1.4%+2.4%+1.4%
Q4 2020+3.2%+4.5%+10.9%
Q3 2020+2.5%+8.3%+17.6%
Q2 2020-3.8%-2.3%+4.9%
Q1 2020-5.9%-12.1%-9.7%
Q4 2019-1.3%-2.2%-4.9%
Q3 2019+0.5%+1.0%+0.7%
Q2 2019-0.2%-0.9%-8.1%
Q1 2019+3.9%+6.3%+2.7%
Q4 2018+0.2%-1.6%+8.0%
Q3 2018+6.2%+9.5%+6.4%
Q2 2018+1.2%+0.4%+2.2%
Q1 2018+0.5%-0.1%+1.5%
Q4 2017-0.3%-0.3%-8.0%
Q3 2017-0.8%-7.4%-6.2%
Q2 2017-0.3%+3.7%-1.8%
Q1 2017-2.3%-2.4%-1.5%
Q4 2016-1.6%-1.2%+5.3%
Q3 2016+4.6%+12.2%+27.1%
Q2 2016+1.3%+0.9%+6.3%
Q1 2016+1.9%
Q4 2015+1.3%
Q3 2015+0.1%
Q2 2015+0.2%
Q1 2015-5.2%
Q4 2014-2.1%
Q3 2014-0.7%
Q2 2014+0.0%
Q1 2014+0.0%
Q4 2013-4.1%
Q3 2013+0.0%
Q2 2013+0.0%
Q1 2013+0.0%
Q4 2011+0.0%
Q4 2012+0.0%
Q3 2012-1.8%
Q2 2012+6.3%
Q1 2011-11.5%
Q1 2012+0.0%
Q4 2009+7.1%
Q3 2010-4.8%
Q3 2011-4.8%
Q2 2011-1.5%
Q4 2010-1.5%
Q2 2010-1.5%
Q1 2010+0.0%

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