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

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

First Mid Bancshares Stock Up 1.2%

Shares of NASDAQ:FMBH traded up $0.60 during midday trading on Thursday, reaching $51.12. The company had a trading volume of 69,383 shares, compared to its average volume of 128,582. 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 business’s 50 day moving average price is $49.94 and its 200 day moving average price is $45.94. The stock has a market cap of $1.36 billion, a PE ratio of 12.68 and a beta of 0.80. First Mid Bancshares has a 1-year low of $34.15 and a 1-year high of $53.36.

Wall Street Analyst Weigh In

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

Key Headlines Impacting First Mid Bancshares

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

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.