First Mid Illinois Bancshares (FMBH) financial statements
First Mid Illinois Bancshares reported revenue of $349M in fiscal 2025, up 15.1% a year over 9 years.
Net income was $92M.
Free cash flow was $124M, and the company returned $23M in dividends and $724,000 in net buybacks.
The diluted share count rose 125% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from First Mid Illinois Bancshares's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $98M | $123M | $147M | $182M | $187M | $238M | $259M | $280M | $325M | $349M |
| Interest expense | $4M | $6M | $13M | $24M | $17M | $15M | $32M | $107M | — | — |
| Pre-tax income | $34M | $42M | $49M | $63M | $60M | $67M | $91M | $88M | $104M | $117M |
| Income tax | $12M | $15M | $12M | $15M | $14M | $15M | $18M | $19M | $25M | $25M |
| Net income | $22M | $27M | $37M | $48M | $45M | $51M | $73M | $69M | $79M | $92M |
| EPS (diluted) | $2.05 | $2.13 | $2.52 | $2.87 | $2.70 | $2.87 | $3.60 | $3.15 | $3.30 | $3.83 |
| Diluted shares | 11M | 13M | 15M | 17M | 17M | 18M | 20M | 22M | 24M | 24M |
| Net margin | 22.3% | 21.6% | 24.9% | 26.4% | 24.2% | 21.7% | 28.2% | 24.6% | 24.3% | 26.3% |
Balance sheet
Fiscal years, from First Mid Illinois Bancshares's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $796M | $667M | $834M | $771M | — | — | — | — | — | — |
| Property, plant and equipment | $40M | $38M | $59M | $59M | $58M | $81M | $90M | $101M | $100M | $91M |
| Goodwill | $58M | $60M | $105M | $105M | $105M | $112M | $140M | $196M | $203M | $203M |
| Total assets | $2.9B | $2.8B | $3.8B | $3.8B | $4.7B | $6.0B | $6.7B | $7.6B | $7.5B | $8.0B |
| Total liabilities | $2.6B | $2.5B | $3.4B | $3.3B | $4.2B | $5.4B | $6.1B | $6.8B | $6.7B | $7.0B |
| Shareholders' equity | $281M | $308M | $476M | $527M | $568M | $634M | $633M | $793M | $846M | $959M |
| Net debt | -$176M | -$89M | -$141M | -$85M | — | — | — | — | — | — |
Cash flow
Fiscal years, from First Mid Illinois Bancshares's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $27M | $46M | $42M | $63M | $64M | $70M | $66M | $72M | $124M | $131M |
| Capital spending | $695,000 | $1M | $3M | $4M | $2M | $4M | $5M | $4M | $5M | $7M |
| Free cash flow | $27M | $45M | $39M | $59M | $61M | $66M | $61M | $69M | $119M | $124M |
| Stock-based compensation | $384,000 | $954,000 | $294,000 | $453,000 | $774,000 | $1M | $2M | $2M | $2M | $3M |
| Dividends paid | $5M | $7M | $9M | $12M | $13M | $15M | $18M | $20M | $22M | $23M |
| Share buybacks (net) | $0 | -$797,000 | -$138,000 | -$1M | -$213,000 | -$326,000 | -$340,000 | -$465,000 | -$659,000 | -$724,000 |
| Net borrowing | $15M | -$4M | -$10M | -$8M | $94M | $0 | $0 | — | — | — |
| Free cash flow margin | 27.2% | 36.4% | 26.5% | 32.3% | 32.7% | 27.7% | 23.5% | 24.5% | 36.8% | 35.5% |
| Dividends per share | $0.49 | $0.58 | $0.61 | $0.71 | $0.76 | $0.82 | $0.88 | $0.89 | $0.94 | $0.98 |
Questions
What was First Mid Illinois Bancshares's revenue in 2025?
$349M in fiscal 2025, from its 10-K filing.
How much free cash flow does First Mid Illinois Bancshares generate?
$124M in fiscal 2025 (operating cash flow minus capital spending).
From First Mid Illinois Bancshares's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.