First Mid Illinois Bancshares Inc

NASDAQ FMBH

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First Mid Illinois Bancshares Inc Short-Term Debt to Equity Ratio 5 year CAGR for the quarter ending March 31, 2024: -12.77%

First Mid Illinois Bancshares Inc Short-Term Debt to Equity Ratio 5 year CAGR is -12.77% for the quarter ending March 31, 2024, a -1,607.62% change year over year. The short-term debt to equity ratio measures the proportion of short-term debt to shareholders' equity. It is calculated by dividing the short-term debt by the shareholders' equity. This ratio indicates the level of short-term debt relative to the equity invested by shareholders. A higher ratio suggests a higher dependency on short-term debt financing compared to equity financing. 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 Short-Term Debt to Equity Ratio for the quarter ending March 31, 2023 was 0.62.
First Mid Illinois Bancshares Inc Short-Term Debt to Equity Ratio for the quarter ending March 31, 2021 was 0.16.

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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