FMBH FY 2018 Earnings Report — First Mid Bancshares, Inc. Revenue & Financial Results | Market Cap Arena

First Mid Bancshares, Inc.FMBH

FY 2018 Earnings

Reported March 5, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$157M	—	$127M	—	23.1%
Op. Income	$49M	—	$42M	—	16.2%
Gross Margin	86.3%	—	89.1%	—	-2.8pp
Net Margin	23.3%	—	20.9%	—	2.4pp
EPS (Diluted)	$2.52	—	$2.13	—	18.3%
Free Cash Flow	$39M	—	$45M	—	-13.0%

Revenue Flow

Item	Amount
REVENUE	$157M
Cost of Revenue	$21M
GROSS PROFIT	$136M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$48M
SG&A Expenses	$50M
Other Expenses	$37M
Operating Expenses	$87M
Cost & Expenses	$109M
OPERATING INCOME	$49M
Interest Income	$125M
Interest Expense	$13M
Other Income/Expenses	$0
INCOME BEFORE TAX	$49M
Income Tax Expense	$12M
Net Income from Continuing Ops	$37M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$37M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$37M
D&A	$8M
EBIT	$49M
EBITDA	$56M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$157M
Cost of Revenue	$21M
GROSS PROFIT	$136M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$48M
SG&A Expenses	$50M
Other Expenses	$37M
Operating Expenses	$87M
Cost & Expenses	$109M
OPERATING INCOME	$49M
Interest Income	$125M
Interest Expense	$13M
Other Income/Expenses	$0
INCOME BEFORE TAX	$49M
Income Tax Expense	$12M
Net Income from Continuing Ops	$37M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$37M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$37M
D&A	$8M
EBIT	$49M
EBITDA	$56M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$37M
Depreciation & Amortization	$8M
Stock-Based Compensation	$294.0K
Deferred Income Tax	$4M
Other Non-Cash Items	$7M
Change in Working Capital	-$14M
OPERATING CASH FLOW	$42M
Capital Expenditure	-$3M
Acquisitions (Net)	$56M
Purchases of Investments	-$39M
Sales/Maturities of Investments	$68M
Other Investing Activities	-$94M
NET CASH FROM INVESTING	-$11M
Net Debt Issuance	-$313.0K
Common Stock Repurchased	-$138.0K
Common Dividends Paid	-$9M
Other Financing Activities	-$6M
NET CASH FROM FINANCING	$21M
FREE CASH FLOW	$39M
Net Change in Cash	$53M

Balance Sheet

Item	Amount
Cash & Equivalents	$148M
Short-Term Investments	$692M
Net Receivables	$17M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$857M
PP&E (Net)	$59M
Goodwill	$105M
Intangible Assets	$34M
Long-Term Investments	$2.7B
Tax Assets	$0
Other Non-Current Assets	$96M
TOTAL NON-CURRENT ASSETS	$3.0B
TOTAL ASSETS	$3.8B
Account Payables	$2M
Short-Term Debt	$192M
Deferred Revenue	$0
Other Current Liabilities	$3.0B
TOTAL CURRENT LIABILITIES	$3.2B
Long-Term Debt	$156M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$25M
TOTAL NON-CURRENT LIABILITIES	$181M
TOTAL LIABILITIES	$3.4B
Common Stock	$71M
Additional Paid-In Capital	$294M
Retained Earnings	$131M
Treasury Stock	-$17M
Accum. Other Comp. Income	-$6M
Other Equity	$3M
TOTAL STOCKHOLDERS' EQUITY	$476M
Minority Interest	$0
TOTAL EQUITY	$476M
TOTAL LIABILITIES & EQUITY	$3.8B
Total Debt	$349M
Net Debt	$200M