First Mid Bancshares's Total Assets for the quarter that ended in Mar. 2024 was $7,678.2 Mil.
Warning Sign:
If a company builds assets at 17.5% a year, faster than its revenue growth rate of 5.4% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, First Mid Bancshares's average Total Assets Growth Rate was 16.40% per year.
During the past 3 years, the average Total Assets Growth Rate was 22.40% per year.
During the past 5 years, the average Total Assets Growth Rate was 17.50% per year.
During the past 10 years, the average Total Assets Growth Rate was 19.50% per year.
During the past 13 years, First Mid Bancshares's highest 3-Year average Total Assets Growth Rate was 27.30%. The lowest was -7.20%. And the median was 7.50%.
The historical data trend for First Mid Bancshares's Total Assets can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.
First Mid Bancshares's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
First Mid Bancshares (NAS:FMBH) Total Assets Explanation
Note:
The Net Income data used here is four times the quarterly (Mar. 2024) data.
In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.
Total Assets is linked to total revenue through Asset Turnover.
First Mid Bancshares's Asset Turnover for the quarter that ended in Mar. 2024 is
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.
First Mid Bancshares Total Assets Related Terms
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First Mid Bancshares (First Mid Bancshares) Business Description
First Mid Bancshares Inc is a United States based financial holding company. Through its wholly-owned subsidiary, First Mid Bank, it is primarily engaged in the business of banking. It also provides data processing services to affiliates and insurance products and services to customers through its subsidiary. The company's operations cover community banking, wealth management and insurance services. Key revenue is derived from the provision of community banking services.
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