FMBH FY 2021 Earnings Report — First Mid Bancshares, Inc. Revenue & Financial Results | Market Cap Arena

First Mid Bancshares, Inc.FMBH

FY 2021 Earnings

Reported March 2, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$250M	—	$201M	—	24.0%
Op. Income	$67M	—	$60M	—	11.8%
Gross Margin	87.8%	—	83.7%	—	4.1pp
Net Margin	20.6%	—	22.5%	—	-1.9pp
EPS (Diluted)	$2.87	—	$2.70	—	6.3%
Free Cash Flow	$66M	—	$61M	—	7.9%

Revenue Flow

Item	Amount
REVENUE	$250M
Cost of Revenue	$30M
GROSS PROFIT	$219M
R&D Expenses	$0
Selling & Marketing	$4M
General & Administrative	$91M
SG&A Expenses	$95M
Other Expenses	$58M
Operating Expenses	$152M
Cost & Expenses	$183M
OPERATING INCOME	$67M
Interest Income	$183M
Interest Expense	$15M
Other Income/Expenses	$0
INCOME BEFORE TAX	$67M
Income Tax Expense	$15M
Net Income from Continuing Ops	$51M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$51M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$51M
D&A	$14M
EBIT	$67M
EBITDA	$81M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$250M
Cost of Revenue	$30M
GROSS PROFIT	$219M
R&D Expenses	$0
Selling & Marketing	$4M
General & Administrative	$91M
SG&A Expenses	$95M
Other Expenses	$58M
Operating Expenses	$152M
Cost & Expenses	$183M
OPERATING INCOME	$67M
Interest Income	$183M
Interest Expense	$15M
Other Income/Expenses	$0
INCOME BEFORE TAX	$67M
Income Tax Expense	$15M
Net Income from Continuing Ops	$51M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$51M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$51M
D&A	$14M
EBIT	$67M
EBITDA	$81M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$51M
Depreciation & Amortization	$14M
Stock-Based Compensation	$1M
Deferred Income Tax	-$3M
Other Non-Cash Items	$16M
Change in Working Capital	-$11M
OPERATING CASH FLOW	$70M
Capital Expenditure	-$4M
Acquisitions (Net)	$27M
Purchases of Investments	-$692M
Sales/Maturities of Investments	$239M
Other Investing Activities	-$52M
NET CASH FROM INVESTING	-$482M
Net Debt Issuance	-$35M
Common Stock Repurchased	-$326.0K
Common Dividends Paid	-$15M
Other Financing Activities	$212M
NET CASH FROM FINANCING	$164M
FREE CASH FLOW	$66M
Net Change in Cash	-$249M

Balance Sheet

Item	Amount
Cash & Equivalents	$170M
Short-Term Investments	$1.4B
Net Receivables	$20M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.6B
PP&E (Net)	$97M
Goodwill	$112M
Intangible Assets	$30M
Long-Term Investments	$3.9B
Tax Assets	$7M
Other Non-Current Assets	$182M
TOTAL NON-CURRENT ASSETS	$4.4B
TOTAL ASSETS	$6.0B
Account Payables	$1M
Short-Term Debt	$146M
Deferred Revenue	$0
Other Current Liabilities	$5.0B
TOTAL CURRENT LIABILITIES	$5.1B
Long-Term Debt	$200M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$33M
TOTAL NON-CURRENT LIABILITIES	$249M
TOTAL LIABILITIES	$5.4B
Common Stock	$77M
Additional Paid-In Capital	$340M
Retained Earnings	$234M
Treasury Stock	-$19M
Accum. Other Comp. Income	-$831.0K
Other Equity	$3M
TOTAL STOCKHOLDERS' EQUITY	$634M
Minority Interest	$0
TOTAL EQUITY	$634M
TOTAL LIABILITIES & EQUITY	$6.0B
Total Debt	$362M
Net Debt	$192M