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First Mid Bancshares (FMBH) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Nov 6, 2026 · First Mid Bancshares (FMBH) Q3 2026 earnings results →

Q3 2026 Revenue up 19% year over year to $107M · 31¢ of every $1 of revenue kept as net profit · operating margin 39.3%

First Mid Bancshares made $107M in Q3 2026 (+19% Y/Y): Net interest income $79.4M, Noninterest income $27.2M. Operating margin 39.3%, net earnings $33.3M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 6, 2026.

Revenue$107M
Year over year+19%
Operating margin39.3%
Net earnings$33.3M
Operating cash flow$47.3M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $106.6M in Q3 2026, up 19% year over year and down 2% from the previous quarter. Net interest income was the largest line at 74% of revenue. Net interest income added $13.0M year over year (up 20%), 75% of the total change.

Operating profit was $41.9M, a 39.3% margin (up 7.1 points year over year). Of the extra revenue versus a year earlier, 76% reached operating profit, above the 32% margin then. Total costs grew 7% against revenue growth of 19%. Net earnings were $33.3M, up 48% year over year. The effective tax rate was 20.6%.

Operating cash flow was $47.3M (up 43% year over year), 142% of net earnings. Non-cash charges added back $5.7M of depreciation and amortization and $844K of share-based compensation. Working capital and other items added $7.5M. Capital expenditures of $1.6M left free cash flow of $45.8M.

Quarterly history

QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QNov 6, 2026$107M+19%39.3%$33.3M$47.3M

Charts

First Mid Bancshares: where the cash came from (+) and went (−), TTM to Q3 2026First Mid Bancshares: where the cash came from (+) and went (−), TTM to Q3 2026Other financing$303MCash drawn (+) / kept (−)−$234MOther investing−$178MOperating cash flow$141MDividends−$25.4MCapital spending−$7.7MAsset & business sales$3.3MBuybacks−$2.1MShares issued$1.2M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
First Mid Bancshares: profit against cash, quarter by quarterFirst Mid Bancshares: profit against cash, quarter by quarterNet incomeOperating cash flow$19.2M$38.3MQ4 2024$22.2M$47.9MQ1 2025$23.4M$7.7MQ2 2025$22.5M$33.0MQ3 2025$23.7M$42.2MQ4 2025$26.3M$25.1MQ1 2026$27.8M$26.3MQ2 2026$33.3M$47.3MQ3 2026
Latest (Q3 2026): Net income $33.3M, Operating cash flow $47.3M.
First Mid Bancshares: diluted shares by fiscal yearFirst Mid Bancshares: diluted shares by fiscal year17MFY202018MFY202120MFY202222MFY202324MFY202424MFY2025
+43.1% since FY2020: more shares outstanding (issuance, stock pay).
First Mid Bancshares: long-term debt falling due (FY2025)First Mid Bancshares: long-term debt falling due (FY2025)$25.0M2026$50.0M2027$25.0M2028$45.0M2029$156M2030$55.8MLater
Cash —, short-term investments $1.1B, long-term debt $354M at 2025-12-31.
First Mid Bancshares in its industry: growth against margin (133 companies, SIC 6022)First Mid Bancshares in its industry: growth against margin (133 companies, SIC 6022)revenue growth, year over year →↑ operating marginmedian +9%median 40%BNYSTTFITBMTBFCNCAALLYCFGNTRSWALBPOPEWBCWTFCCOLBSSBCBSHASBHWCAUBGBCIUBSIABCBHTHHOMBUCBRNSTFBPCATYFIBKCUBIFHBIBOCMBINSBCFBOHCVBFBUSEEFSCOFGLOBFBKFFINSFBSMCHBCCBFBNCGABCBYSYBTPEBOTCBKOBKSTBARBCAACNOBAMALMCBQCRHOSBCFMNBBFSTUVSPTMPCCNEMSBIHBTEQBKCTBICPFTHFFMPBSBSIMBWMLKFNIBCPEGBNSPFIWASHCCBGCOFSCWBCHBIAACNBGSBCFSBCTRSTCIVBFCBCMCBSFBIZINBKBWBCBANMVBFBSRRCZNCCFFIRBBISTRUNTYBWFGBMRCRRBIPCBFCBMCHMGCZFSNWFLWTBAMYFWAVBHOPBKUSCBFCCOEBMTCOSOFXNCPKBKISBAPEBKBPRNBRBSHNVRMNSBFVCBCCFNSBFGJMSBBOTJNWPPFUSBAUBNJUVFFMBH (+19%, 39%)
State Commercial Banks; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About First Mid Bancshares

First Mid Bancshares, Inc. (“First Mid”) is the parent company of First Mid Bank & Trust, N.A., First Mid Insurance Group, Inc., and First Mid Wealth Management Co. First Mid is a $9.2 billion community-focused organization that provides a full-suite of financial services including banking, wealth management, brokerage, Ag services, and insurance through a sizeable network of locations throughout Illinois, Missouri, Texas, Wisconsin, and Iowa and a loan production office in the greater Indianapolis area. Together, our First Mid team takes great pride in providing solutions and services to the customers and communities and has done so over the last 160 years. More information about the Company is available on our website at www.firstmid.com.

In its own words, from its 8-K, filed Jul 23, 2026.

First Mid Bancshares against its State Commercial Banks peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +19% against the peers' median +12%. Operating margin: 39.3% against the peers' median 34.7%.

CompanyQuarterRevenueY/YOp. margin
FMBH First Mid BancsharesQ3 2026$107M+19%39.3%
BNY Bank of New York MellonQ3 2026$5.7B+12%38.5%
STT State StreetQ3 2026$4.0B+13%34.7%
FITB Fifth Third BancorpQ3 2026$3.3B+42%33.8%
MTB M&T BankQ3 2026$2.5B+0.9%39.7%
FCNCA First Citizens BancsharesQ3 2026$2.4B0%33.1%
ALLY Ally FinancialQ3 2026$2.3B+8%24.3%
CFG Citizens Financial GroupQ3 2026$2.3B+10%34.6%
NTRS Northern TrustQ3 2026$2.3B+13%34.7%

Source: First Mid Bancshares 10-Q on SEC EDGAR · CIK 700565 · State Commercial Banks

Guidance and outlook

First Mid Bancshares: what its forward-looking statements are about (10-Q filed 2026-11-06)First Mid Bancshares: what its forward-looking statements are about (10-Q filed 2026-11-06)The economy4Other3Financing1
8 statements; tone +0.12 (−1 all cautious, +1 all confident); 1 hedged.
First Mid Bancshares: outlook statements against the filing beforeFirst Mid Bancshares: outlook statements against the filing beforeConfident1

13F: who owns FMBH and who is buying

Largest holders of FMBH (13F)Largest holders of FMBH (13F)BlackRock$114MBallentine Partners, LLC$80.3MDimensional Fund Advisors LP$56.2MVanguard Group$51.6MVanguard Capital Management LLC$51.6MAmerican Century Companies$36.1MGeode Capital Management, LLC$31.7MState Street$28.1MWellington Management Group LLP$24.2MBoston Partners$22.1M
Funds' net buying of FMBH by quarter (13F)Funds' net buying of FMBH by quarter (13F)−$2.5M2024-09−$1.2M2024-12$3.2M2025-03$6.3M2025-06$4.8M2025-09$13.7M2025-12$90.1M2026-03$48.4M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on FMBH

History

Every quarter: Q3 2026 results

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