NASDAQ$FMBH

First Mid Bancshares Inc · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Announced solid Q3 2024 results driven by loan growth, core deposits, and noninterest income.

First Mid Bancshares reported a solid third quarter with growth in loans, core deposits, and noninterest income. The company strengthened its balance sheet by reducing borrowings and subordinated debt, while increasing tangible book value per share.

  • Net interest income increased by $0.8 million compared to the second quarter of 2024.
  • Total loans ended the quarter at $5.62 billion, representing an increase of $54.0 million compared to the prior quarter.
  • Total deposits ended the quarter at $6.09 billion, a decrease of $26.9 million from the prior quarter.
  • Noninterest income for the third quarter of 2024 was $23.0 million compared to $22.4 million in the prior quarter.

Headline financials

Total Revenue

$80.6M

Previous: $73.5M+9.6%
EPS

$0.81

Previous: $0.77+5.2%
Efficiency Ratio

61.3%

Previous: 58.6%+4.7%
Total Loans

$5.61B

No prior period
Total Deposits

$6.09B

No prior period
TBV per Share

$24.82

No prior period
ACL / Total Loans

1.2%

No prior period
NPL / Total Loans

0.3%

Previous: 0.4%-15.8%
NPA / Total Assets

0.3%

Previous: 0.3%-10.0%
ROA

1.0%

No prior period
ROCE

9.4%

No prior period
Capital Expenditures

-$3.7M

Previous: -$3.02M-22.6%
Free Cash Flow

$15.8M

Previous: $12.1M+30.4%
Net Income

$19.5M

Previous: $15.1M+28.9%
Operating Income

$34.7M

Previous: $37.6M-7.6%
Gross Profit

$79.3M

Previous: $73.5M+7.9%
Cash & Equivalents

$168M

Previous: $377M-55.5%
Total Assets

$7.56B

Previous: $7.86B-3.7%
Stock-Based Comp

$556K

Previous: $469K+18.6%

Revenue & EPS history

First Mid · Revenue · Quarterly

$80.6M

Q3 2024+9.6%vs Q3 2023
Beat estimate in 12 of 15 quarters(80%)
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 Q3 2024

Historical avgQ3 2024

-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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