FMBH FY 2009 Earnings Report — First Mid Bancshares, Inc. Revenue & Financial Results | Market Cap Arena

First Mid Bancshares, Inc.FMBH

FY 2009 Earnings

Reported March 3, 2010

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2009	Prior Q	FY 2008	QoQ Change	YoY Change
Revenue	$65M	—	$72M	—	-10.3%
Op. Income	$12M	—	$16M	—	-23.5%
Gross Margin	70.0%	—	65.6%	—	4.5pp
Net Margin	12.7%	—	14.5%	—	-1.9pp
EPS (Diluted)	$1.04	—	$1.67	—	-37.7%
Free Cash Flow	$6M	—	$14M	—	-55.0%

Revenue Flow

Item	Amount
REVENUE	$65M
Cost of Revenue	$19M
GROSS PROFIT	$45M
R&D Expenses	$0
Selling & Marketing	$963.0K
General & Administrative	$19M
SG&A Expenses	$20M
Other Expenses	$13M
Operating Expenses	$33M
Cost & Expenses	$53M
OPERATING INCOME	$12M
Interest Income	$51M
Interest Expense	$16M
Other Income/Expenses	$0
INCOME BEFORE TAX	$12M
Income Tax Expense	$4M
Net Income from Continuing Ops	$8M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$8M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$6M
D&A	$3M
EBIT	$12M
EBITDA	$15M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$65M
Cost of Revenue	$19M
GROSS PROFIT	$45M
R&D Expenses	$0
Selling & Marketing	$963.0K
General & Administrative	$19M
SG&A Expenses	$20M
Other Expenses	$13M
Operating Expenses	$33M
Cost & Expenses	$53M
OPERATING INCOME	$12M
Interest Income	$51M
Interest Expense	$16M
Other Income/Expenses	$0
INCOME BEFORE TAX	$12M
Income Tax Expense	$4M
Net Income from Continuing Ops	$8M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$8M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$6M
D&A	$3M
EBIT	$12M
EBITDA	$15M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$8M
Depreciation & Amortization	$3M
Stock-Based Compensation	$53.0K
Deferred Income Tax	-$2M
Other Non-Cash Items	$5M
Change in Working Capital	-$6M
OPERATING CASH FLOW	$8M
Capital Expenditure	-$2M
Acquisitions (Net)	$0
Purchases of Investments	-$171M
Sales/Maturities of Investments	$102M
Other Investing Activities	$32M
NET CASH FROM INVESTING	-$40M
Net Debt Issuance	-$18M
Common Stock Repurchased	-$3M
Common Dividends Paid	-$2M
Other Financing Activities	$34M
NET CASH FROM FINANCING	$35M
FREE CASH FLOW	$6M
Net Change in Cash	$4M

Balance Sheet

Item	Amount
Cash & Equivalents	$40M
Short-Term Investments	$0
Net Receivables	$7M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$47M
PP&E (Net)	$15M
Goodwill	$17M
Intangible Assets	$3M
Long-Term Investments	$930M
Tax Assets	$0
Other Non-Current Assets	$82M
TOTAL NON-CURRENT ASSETS	$1.0B
TOTAL ASSETS	$1.1B
Account Payables	$861.0K
Short-Term Debt	$80M
Deferred Revenue	$0
Other Current Liabilities	$840M
TOTAL CURRENT LIABILITIES	$922M
Long-Term Debt	$53M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$9M
TOTAL NON-CURRENT LIABILITIES	$62M
TOTAL LIABILITIES	$984M
Common Stock	$29M
Additional Paid-In Capital	$27M
Retained Earnings	$62M
Treasury Stock	-$35M
Accum. Other Comp. Income	$3M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$111M
Minority Interest	$0
TOTAL EQUITY	$111M
TOTAL LIABILITIES & EQUITY	$1.1B
Total Debt	$134M
Net Debt	$94M