FMBH FY 2020 Earnings Report — First Mid Bancshares, Inc. Revenue & Financial Results | Market Cap Arena

First Mid Bancshares, Inc.FMBH

FY 2020 Earnings

Reported March 8, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$201M	—	$202M	—	-0.4%
Op. Income	$60M	—	$63M	—	-5.6%
Gross Margin	83.7%	—	84.9%	—	-1.2pp
Net Margin	22.5%	—	23.7%	—	-1.2pp
EPS (Diluted)	$2.70	—	$2.87	—	-5.9%
Free Cash Flow	$61M	—	$59M	—	4.0%

Revenue Flow

Item	Amount
REVENUE	$201M
Cost of Revenue	$33M
GROSS PROFIT	$169M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$68M
SG&A Expenses	$69M
Other Expenses	$39M
Operating Expenses	$109M
Cost & Expenses	$142M
OPERATING INCOME	$60M
Interest Income	$144M
Interest Expense	$17M
Other Income/Expenses	$0
INCOME BEFORE TAX	$60M
Income Tax Expense	$14M
Net Income from Continuing Ops	$45M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$45M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$45M
D&A	$12M
EBIT	$60M
EBITDA	$71M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$201M
Cost of Revenue	$33M
GROSS PROFIT	$169M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$68M
SG&A Expenses	$69M
Other Expenses	$39M
Operating Expenses	$109M
Cost & Expenses	$142M
OPERATING INCOME	$60M
Interest Income	$144M
Interest Expense	$17M
Other Income/Expenses	$0
INCOME BEFORE TAX	$60M
Income Tax Expense	$14M
Net Income from Continuing Ops	$45M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$45M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$45M
D&A	$12M
EBIT	$60M
EBITDA	$71M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$45M
Depreciation & Amortization	$12M
Stock-Based Compensation	$774.0K
Deferred Income Tax	-$5M
Other Non-Cash Items	$12M
Change in Working Capital	-$1M
OPERATING CASH FLOW	$64M
Capital Expenditure	-$2M
Acquisitions (Net)	$0
Purchases of Investments	-$506M
Sales/Maturities of Investments	$388M
Other Investing Activities	-$442M
NET CASH FROM INVESTING	-$562M
Net Debt Issuance	$74M
Common Stock Repurchased	-$213.0K
Common Dividends Paid	-$13M
Other Financing Activities	$769M
NET CASH FROM FINANCING	$831M
FREE CASH FLOW	$61M
Net Change in Cash	$332M

Balance Sheet

Item	Amount
Cash & Equivalents	$419M
Short-Term Investments	$879M
Net Receivables	$19M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.3B
PP&E (Net)	$75M
Goodwill	$105M
Intangible Assets	$23M
Long-Term Investments	$3.1B
Tax Assets	$0
Other Non-Current Assets	$104M
TOTAL NON-CURRENT ASSETS	$3.4B
TOTAL ASSETS	$4.7B
Account Payables	$2M
Short-Term Debt	$207M
Deferred Revenue	$0
Other Current Liabilities	$3.7B
TOTAL CURRENT LIABILITIES	$3.9B
Long-Term Debt	$207M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$31M
TOTAL NON-CURRENT LIABILITIES	$256M
TOTAL LIABILITIES	$4.2B
Common Stock	$71M
Additional Paid-In Capital	$298M
Retained Earnings	$198M
Treasury Stock	-$19M
Accum. Other Comp. Income	$17M
Other Equity	$3M
TOTAL STOCKHOLDERS' EQUITY	$568M
Minority Interest	$0
TOTAL EQUITY	$568M
TOTAL LIABILITIES & EQUITY	$4.7B
Total Debt	$432M
Net Debt	$13M