First Mid Bancshares, Inc. (FMBH)

First Mid Bancshares Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	305.2	262.42	185.87	159.68	126.81	126.83
Interest Income on Investments	41.52	37.74	30.02	23.33	17.33	22.9
Total Interest Income	346.72	300.17	215.89	183.01	144.14	149.72
Interest Paid on Deposits	100.38	77.29	18.81	9.04	12.75	18.94
Interest Paid on Borrowings	26.2	29.41	12.8	6.23	3.98	5.11
Total Interest Expense	126.58	106.7	31.61	15.26	16.73	24.05
Net Interest Income	220.14	193.46	184.28	167.75	127.41	125.67
Net Interest Income Growth (YoY)	22.65%	4.98%	9.85%	31.66%	1.38%	12.47%
Trust Income	20.67	20.79	22.49	20.41	16.15	15.57
Mortgage Banking Activities	3.54	2.28	1.19	4.72	5.08	1.75
Gain (Loss) on Sale of Investments	3.28	3.38	0.03	0.12	1.11	0.8
Other Non-Interest Income	64.23	60.33	50.97	44.52	37.19	37.9
Total Non-Interest Income	91.72	86.79	74.68	69.77	59.52	56.02
Non-Interest Income Growth (YoY)	19.18%	16.21%	7.04%	17.22%	6.25%	58.18%
Revenues Before Loan Losses	311.86	280.25	258.96	237.52	186.93	181.69
Provision for Loan Losses	7.19	6.1	4.81	15.15	16.1	6.43
Revenue	304.67	274.15	254.15	222.37	170.83	175.26
Revenue Growth (YoY)	19.08%	7.87%	14.29%	30.17%	-2.53%	26.55%
Salaries and Employee Benefits	113.86	103.31	96.79	88.36	65.68	62.13
Occupancy Expenses	26.12	23.14	20.79	21.55	16.71	17.68
Federal Deposit Insurance	3.57	3.34	1.81	1.6	1.31	0.22
Amortization of Goodwill & Intangibles	12.97	9.13	6.29	5.39	5.06	5.85
Selling, General & Administrative	19.46	17.19	16.56	12.8	8.9	8.75
Other Non-Interest Expense	31.13	27.77	20.3	22.02	13.39	16.93
Total Non-Interest Expense	208.87	185.74	162.86	155.58	111.09	111.99
EBT Excluding Unusual Items	95.8	88.41	91.29	66.79	59.74	63.27
Pretax Income	95.8	88.41	91.29	66.79	59.74	63.27
Income Tax Expense	22.36	19.47	18.34	15.3	14.47	15.32
Net Income	73.44	68.94	72.95	51.49	45.27	47.94
Net Income to Common	73.44	68.94	72.95	51.49	45.27	47.94
Net Income Growth	-1.20%	-5.51%	41.68%	13.74%	-5.58%	30.99%
Basic Shares Outstanding	23	22	20	18	17	17
Diluted Shares Outstanding	24	22	20	18	17	17
Shares Change (YoY)	14.55%	8.03%	12.85%	7.02%	0.32%	15.23%
EPS (Basic)	3.13	3.17	3.62	2.88	2.71	2.88
EPS (Diluted)	3.11	3.15	3.60	2.87	2.70	2.87
EPS Growth	-13.96%	-12.50%	25.44%	6.30%	-5.92%	13.89%
Dividend Per Share	0.920	0.920	0.900	0.850	0.810	0.760
Dividend Growth	0%	2.22%	5.88%	4.94%	6.58%	8.57%
Effective Tax Rate	23.34%	22.02%	20.09%	22.91%	24.22%	24.22%

Source: S&P Capital IQ. Banks template. Financial Sources.