First Mid Bancshares, Inc. (FMBH)

First Mid Bancshares Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	320.45	262.42	185.87	159.68	126.81
Interest Income on Investments	36.93	37.74	30.02	23.33	17.33
Total Interest Income	357.38	300.17	215.89	183.01	144.14
Interest Paid on Deposits	106.92	77.29	18.81	9.04	12.75
Interest Paid on Borrowings	21.73	29.41	12.8	6.23	3.98
Total Interest Expense	128.65	106.7	31.61	15.26	16.73
Net Interest Income	228.73	193.46	184.28	167.75	127.41
Net Interest Income Growth (YoY)	18.23%	4.98%	9.85%	31.66%	1.38%
Trust Income	22.82	20.79	22.49	20.41	16.15
Mortgage Banking Activities	3.96	2.28	1.19	4.72	5.08
Gain (Loss) on Sale of Investments	-0.43	3.38	0.03	0.12	1.11
Other Non-Interest Income	69.94	60.33	50.97	44.52	37.19
Total Non-Interest Income	96.29	86.79	74.68	69.77	59.52
Non-Interest Income Growth (YoY)	10.95%	16.21%	7.04%	17.22%	6.25%
Revenues Before Loan Losses	325.01	280.25	258.96	237.52	186.93
Provision for Loan Losses	5.64	6.1	4.81	15.15	16.1
Revenue	319.38	274.15	254.15	222.37	170.83
Revenue Growth (YoY)	16.50%	7.87%	14.29%	30.17%	-2.53%
Salaries and Employee Benefits	124.13	103.31	96.79	88.36	65.68
Occupancy Expenses	30.41	23.14	20.79	21.55	16.71
Federal Deposit Insurance	3.46	3.34	1.81	1.6	1.31
Amortization of Goodwill & Intangibles	13.56	9.13	6.29	5.39	5.06
Selling, General & Administrative	18.25	17.19	16.56	12.8	8.9
Other Non-Interest Expense	24.77	27.77	20.3	22.02	13.39
Total Non-Interest Expense	214.98	185.74	162.86	155.58	111.09
EBT Excluding Unusual Items	104.4	88.41	91.29	66.79	59.74
Pretax Income	104.4	88.41	91.29	66.79	59.74
Income Tax Expense	25.5	19.47	18.34	15.3	14.47
Net Income	78.9	68.94	72.95	51.49	45.27
Net Income to Common	78.9	68.94	72.95	51.49	45.27
Net Income Growth	14.45%	-5.51%	41.68%	13.74%	-5.58%
Basic Shares Outstanding	24	22	20	18	17
Diluted Shares Outstanding	24	22	20	18	17
Shares Change (YoY)	9.27%	8.03%	12.85%	7.02%	0.32%
EPS (Basic)	3.31	3.17	3.62	2.88	2.71
EPS (Diluted)	3.30	3.15	3.60	2.87	2.70
EPS Growth	4.76%	-12.50%	25.44%	6.30%	-5.92%
Dividend Per Share	0.940	0.920	0.900	0.850	0.810
Dividend Growth	2.17%	2.22%	5.88%	4.94%	6.58%
Effective Tax Rate	24.42%	22.02%	20.09%	22.91%	24.22%

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