First Mid Illinois Bancshares Inc

NASDAQ FMBH

Data sourced from

and

Download Data

First Mid Illinois Bancshares Inc Net Debt to EBITDA Ratio 5 year CAGR for the quarter ending March 31, 2024: 78.47%

First Mid Illinois Bancshares Inc Net Debt to EBITDA Ratio 5 year CAGR is 78.47% for the quarter ending March 31, 2024, a 125.22% change year over year. The net debt to EBITDA ratio measures the level of a company's net debt relative to its earnings before interest, taxes, depreciation, and amortization (EBITDA). It is calculated by dividing the net debt (total debt minus cash and cash equivalents) by EBITDA. This ratio provides insights into the company's ability to repay its debt using its operating earnings. A higher ratio indicates a higher level of debt relative to earnings, suggesting potential financial risk and difficulty in debt repayment. CAGR, or the Compound Annual Growth Rate, quantifies the mean annual growth rate of an investment or financial metric over a specified time span, considering the influence of compounding. It is instrumental in determining the true annualized return on an investment.

First Mid Illinois Bancshares Inc Net Debt to EBITDA Ratio for the quarter ending March 31, 2023 was 11.51, a 1,950.51% change year over year.
First Mid Illinois Bancshares Inc Net Debt to EBITDA Ratio for the quarter ending March 31, 2022 was 0.56, a 103.60% change year over year.
First Mid Illinois Bancshares Inc Net Debt to EBITDA Ratio for the quarter ending March 31, 2021 was -15.61, a -747.99% change year over year.
First Mid Illinois Bancshares Inc Net Debt to EBITDA Ratio for the quarter ending March 31, 2020 was -1.84, a 38.55% change year over year.

NASDAQ: FMBH

First Mid Illinois Bancshares Inc

CEO	Mr. Joseph R. Dively
IPO Date	March 16, 1999
Location	United States
Headquarters	1421 Charleston Avenue, Mattoon, IL, United States, 61938
Employees	1,188
Sector	Financial Services
Industry	Banks - regional

Description

First Mid Bancshares, Inc., a financial holding company, provides community banking products and services to commercial, retail, and agricultural customers in the United States. It accepts various deposit products, such as demand deposits, savings accounts, money market deposits, and time deposits. The company's loan products include commercial real estate, commercial and industrial, agricultural and agricultural real estate, residential real estate, and consumer loans, as well as construction and land development, 1-4 family residential properties, and multifamily residential properties loans; and other loans comprising loans to municipalities to support community projects, such as infrastructure improvements or equipment purchases. It also offers wealth management services, which include estate planning, investment, and farm management and brokerage services for individuals; employee benefit services for businesses; and farm management and brokerage services. In addition, the company provides property and casualty, senior insurance products, and group medical insurance for businesses; and personal lines insurance to individuals. The company was formerly known as First Mid-Illinois Bancshares, Inc. and changed its name to First Mid Bancshares, Inc. in April 2019. First Mid Bancshares, Inc. was founded in 1865 and is headquartered in Mattoon, Illinois.

Key trends