First Mid Illinois Bancshares Inc

NASDAQ FMBH

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First Mid Illinois Bancshares Inc Net Income Before Taxes 5 year CAGR for the year ending December 31, 2023: 12.76%

First Mid Illinois Bancshares Inc Net Income Before Taxes 5 year CAGR is 12.76% for the year ending December 31, 2023, a -24.75% change year over year. Net income before taxes represents a company's profit after all operating expenses and interest expenses have been deducted but before taxes have been accounted for. It is calculated by dividing the net income by (1 - tax rate). This metric helps evaluate the company's profitability and assess its earnings before the impact of tax obligations. It provides insights into the company's pre-tax financial performance and is often used for comparing companies in different tax jurisdictions. 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 Income Before Taxes for the year ending December 31, 2022 was 91,292,000.00, a 36.69% change year over year.
First Mid Illinois Bancshares Inc Net Income Before Taxes for the year ending December 31, 2021 was 66,788,000.00, a 11.79% change year over year.
First Mid Illinois Bancshares Inc Net Income Before Taxes for the year ending December 31, 2020 was 59,742,000.00, a -5.57% change year over year.
First Mid Illinois Bancshares Inc Net Income Before Taxes for the year ending December 31, 2019 was 63,266,000.00, a 30.43% 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.

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