FMBH FY 2019 Earnings Report — First Mid Bancshares, Inc. Revenue & Financial Results | Market Cap Arena

First Mid Bancshares, Inc.FMBH

FY 2019 Earnings

Reported March 6, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$202M	—	$157M	—	28.8%
Op. Income	$63M	—	$49M	—	30.4%
Gross Margin	84.9%	—	86.3%	—	-1.4pp
Net Margin	23.7%	—	23.3%	—	0.4pp
EPS (Diluted)	$2.87	—	$2.52	—	13.9%
Free Cash Flow	$59M	—	$39M	—	50.3%

Revenue Flow

Item	Amount
REVENUE	$202M
Cost of Revenue	$30M
GROSS PROFIT	$172M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$63M
SG&A Expenses	$65M
Other Expenses	$44M
Operating Expenses	$109M
Cost & Expenses	$139M
OPERATING INCOME	$63M
Interest Income	$150M
Interest Expense	$24M
Other Income/Expenses	$0
INCOME BEFORE TAX	$63M
Income Tax Expense	$15M
Net Income from Continuing Ops	$48M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$48M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$48M
D&A	$11M
EBIT	$63M
EBITDA	$74M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$202M
Cost of Revenue	$30M
GROSS PROFIT	$172M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$63M
SG&A Expenses	$65M
Other Expenses	$44M
Operating Expenses	$109M
Cost & Expenses	$139M
OPERATING INCOME	$63M
Interest Income	$150M
Interest Expense	$24M
Other Income/Expenses	$0
INCOME BEFORE TAX	$63M
Income Tax Expense	$15M
Net Income from Continuing Ops	$48M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$48M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$48M
D&A	$11M
EBIT	$63M
EBITDA	$74M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$48M
Depreciation & Amortization	$11M
Stock-Based Compensation	$453.0K
Deferred Income Tax	$2M
Other Non-Cash Items	$3M
Change in Working Capital	-$1M
OPERATING CASH FLOW	$63M
Capital Expenditure	-$4M
Acquisitions (Net)	$0
Purchases of Investments	-$189M
Sales/Maturities of Investments	$215M
Other Investing Activities	-$54M
NET CASH FROM INVESTING	-$32M
Net Debt Issuance	-$24M
Common Stock Repurchased	-$1M
Common Dividends Paid	-$12M
Other Financing Activities	-$51M
NET CASH FROM FINANCING	-$87M
FREE CASH FLOW	$59M
Net Change in Cash	-$56M

Balance Sheet

Item	Amount
Cash & Equivalents	$89M
Short-Term Investments	$686M
Net Receivables	$16M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$790M
PP&E (Net)	$76M
Goodwill	$105M
Intangible Assets	$28M
Long-Term Investments	$2.7B
Tax Assets	$0
Other Non-Current Assets	$101M
TOTAL NON-CURRENT ASSETS	$3.0B
TOTAL ASSETS	$3.8B
Account Payables	$2M
Short-Term Debt	$208M
Deferred Revenue	$0
Other Current Liabilities	$2.9B
TOTAL CURRENT LIABILITIES	$3.1B
Long-Term Debt	$138M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$30M
TOTAL NON-CURRENT LIABILITIES	$185M
TOTAL LIABILITIES	$3.3B
Common Stock	$71M
Additional Paid-In Capital	$296M
Retained Earnings	$167M
Treasury Stock	-$18M
Accum. Other Comp. Income	$8M
Other Equity	$3M
TOTAL STOCKHOLDERS' EQUITY	$527M
Minority Interest	$0
TOTAL EQUITY	$527M
TOTAL LIABILITIES & EQUITY	$3.8B
Total Debt	$363M
Net Debt	$274M