First Mid Bancshares Full Year 2023 Earnings: EPS Misses Expectations
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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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
