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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	317.83	262.42	185.87	159.68	126.81	126.83
Interest Income on Investments	39.63	37.74	30.02	23.33	17.33	22.9
Total Interest Income	357.46	300.17	215.89	183.01	144.14	149.72
Interest Paid on Deposits	106.68	77.29	18.81	9.04	12.75	18.94
Interest Paid on Borrowings	23.55	29.41	12.8	6.23	3.98	5.11
Total Interest Expense	130.22	106.7	31.61	15.26	16.73	24.05
Net Interest Income	227.24	193.46	184.28	167.75	127.41	125.67
Net Interest Income Growth (YoY)	25.08%	4.98%	9.85%	31.66%	1.38%	12.47%
Trust Income	21.54	20.79	22.49	20.41	16.15	15.57
Mortgage Banking Activities	3.81	2.28	1.19	4.72	5.08	1.75
Gain (Loss) on Sale of Investments	-0.39	3.38	0.03	0.12	1.11	0.8
Other Non-Interest Income	66.73	60.33	50.97	44.52	37.19	37.9
Total Non-Interest Income	91.69	86.79	74.68	69.77	59.52	56.02
Non-Interest Income Growth (YoY)	10.17%	16.21%	7.04%	17.22%	6.25%	58.18%
Revenues Before Loan Losses	318.93	280.25	258.96	237.52	186.93	181.69
Provision for Loan Losses	2.54	6.1	4.81	15.15	16.1	6.43
Revenue	316.39	274.15	254.15	222.37	170.83	175.26
Revenue Growth (YoY)	22.37%	7.87%	14.29%	30.17%	-2.53%	26.55%
Salaries and Employee Benefits	119.92	103.31	96.79	88.36	65.68	62.13
Occupancy Expenses	27.19	23.14	20.79	21.55	16.71	17.68
Federal Deposit Insurance	3.62	3.34	1.81	1.6	1.31	0.22
Amortization of Goodwill & Intangibles	13.8	9.13	6.29	5.39	5.06	5.85
Selling, General & Administrative	20.55	17.19	16.56	12.8	8.9	8.75
Other Non-Interest Expense	29.66	27.77	20.3	22.02	13.39	16.93
Total Non-Interest Expense	215.71	185.74	162.86	155.58	111.09	111.99
EBT Excluding Unusual Items	100.68	88.41	91.29	66.79	59.74	63.27
Pretax Income	100.68	88.41	91.29	66.79	59.74	63.27
Income Tax Expense	22.88	19.47	18.34	15.3	14.47	15.32
Net Income	77.8	68.94	72.95	51.49	45.27	47.94
Net Income to Common	77.8	68.94	72.95	51.49	45.27	47.94
Net Income Growth	8.81%	-5.51%	41.68%	13.74%	-5.58%	30.99%
Basic Shares Outstanding	24	22	20	18	17	17
Diluted Shares Outstanding	24	22	20	18	17	17
Shares Change (YoY)	14.08%	8.03%	12.85%	7.02%	0.32%	15.23%
EPS (Basic)	3.26	3.17	3.62	2.88	2.71	2.88
EPS (Diluted)	3.24	3.15	3.60	2.87	2.70	2.87
EPS Growth	-4.39%	-12.50%	25.44%	6.30%	-5.92%	13.89%
Dividend Per Share	0.930	0.920	0.900	0.850	0.810	0.760
Dividend Growth	1.09%	2.22%	5.88%	4.94%	6.58%	8.57%
Effective Tax Rate	22.72%	22.02%	20.09%	22.91%	24.22%	24.22%

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