First Mid Bancshares (NASDAQ:FMBH) Full Year 2023 Results

Key Financial Results

• Revenue: US$274.1m (up 7.9% from FY 2022).

• Net income: US$68.9m (down 5.5% from FY 2022).

• Profit margin: 25% (down from 29% in FY 2022). The decrease in margin was driven by higher expenses.

• EPS: US$3.17 (down from US$3.62 in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

First Mid Bancshares EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.3%.

Looking ahead, revenue is expected to decline by 8.4% p.a. on average during the next 2 years, while revenues in the Banks industry in the US are expected to grow by 5.5%.

Performance of the American Banks industry.

The company's shares are up 3.6% from a week ago.

Risk Analysis

You still need to take note of risks, for example - First Mid Bancshares has 3 warning signs we think you should be aware of.

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