First Mid Bancshares, Inc.

FMBHNASDAQFinancial Services● Active

$45.03

+$0.41(+0.92%)

Market Cap$1.2B

P/E Ratio—

52W High$45.35

52W Low$33.92

Avg Volume112K

Open$44.59

Beta0.80

Free Cash Flow Financials Revenue

First Mid Bancshares, Inc. (FMBH) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

FMBH · free cash flow · updated Jun 8, 2026

Core FCF metrics

FMBH · FCF · TTM · margin & CAGR

Free cash flow was $124.0M for FY2025 (fiscal year ending 2025-12-31), up 3.8% year-over-year The FCF margin was 26.6%. Five-year CAGR stands at +15.2%.

FY2025 Free Cash Flow$124.0M▲ +3.8% YoY

Trailing 12M (TTM)$101.2Mtrailing 4 quarters sum

FCF Margin26.6%$124.0M ÷ revenue

3-Year CAGR+26.8%FY2022 → FY2025

5-Year CAGR+15.2%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

FMBH · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$130.9M(7M)$124.0M▲ +3.8%26.6%

FY2024$124.4M(5M)$119.5M▲ +73.7%26.7%

FY2023$72.4M(4M)$68.8M▲ +13.1%18.0%

FY2022$65.8M(5M)$60.8M▼ 7.7%21.2%

FY2021$69.6M(4M)$65.9M▲ +7.9%26.4%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

FMBH · P/FCF · FCF yield · FCF per share

First Mid Bancshares, Inc. (FMBH) trades at a FCF yield of 8.44% and a price-to-free-cash-flow ratio of 10.6x. FCF per share stands at $4.24, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

8.44%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$4.24

TTM FCF ÷ Shares Outstanding

Price / FCF

x10.6

Share Price ÷ FCF per Share

EV / FCF (TTM)

x13.2

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

FMBH · cash flow statement · operating / investing / financing

For FY2025, First Mid Bancshares, Inc. generated $130.9M in operating cash flow and spent 7M in capital expenditures, yielding $124.0M in free cash flow.

Operating Activities

+$130.9M

Cash from core business operations

2025-12-31

Investing Activities

−$302.6M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

+$305.5M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($130.9M) − |CapEx| (7M) = FCF ($124.0M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Financial Services)

FMBH vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

First Mid Bancshares, Inc.YOU

FMBH

$124.0M+3.8%26.6%

Berkshire Hathaway Inc.

BRK-A

$25.04B+115.6%6.7%

25%

Berkshire Hathaway Inc.

Mastercard Incorporated

$16.91B+18.2%51.6%

17%

Financial Services · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

First Mid Bancshares, Inc. (FMBH) reported free cash flow of $124.0M for FY2025 (fiscal year ending 2025-12-31), up 3.8% year-over-year. The FCF margin was 26.6%.

Based on available data, First Mid Bancshares, Inc. has maintained positive free cash flow for at least 15 fiscal year(s). FCF peaked at $124.0M in FY2025. The 5-year CAGR stands at +15.2%.

First Mid Bancshares, Inc.'s FCF yield is 8.44% and price-to-FCF ratio is 10.6x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

FMBH free cash flow · 8 questions

First Mid Bancshares, Inc. free cash flow was $124.0M for FY2025, up 3.8% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $101.2M.

FMBH free cash flowFMBH FCFFMBH FCF 2025FMBH free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · First Mid Bancshares, Inc. · First Mid Bancshares, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026