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First Mid BancsharesFMBH +0.08%62 Debt-to-Equity is 0.36 as of Mar. 2026, which is 5% below its 10-year median of 0.38. GuruFocus rates FMBH with a GF Score™ of 62/100 and a GF Value™ of $37.59 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,421 Banks companies, First Mid Bancshares ranks better than 63.48% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for First Mid Bancshares's Debt-to-Equity or its related term are showing as below:
FMBH'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.23 Med: 0.38 Max: 1.09
Current: 0.36
During the past 13 years, the highest Debt-to-Equity Ratio of First Mid Bancshares was 1.09. The lowest was 0.23. And the median was 0.38.
FMBH's Debt-to-Equity is ranked better than 63.48% of 1421
companies
in the Banks industry
Industry Median: 0.56
vs FMBH: 0.36
First Mid Bancshares (NAS:FMBH) Debt-to-Equity Explanation
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
First Mid Bancshares Debt-to-Equity Related Terms
First Mid Bancshares Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for First Mid Bancshares's Debt-to-Equity 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.
FMBH vs CTBI, PFBC, MCB: Debt-to-Equity Comparison
For the Banks - Regional subindustry, First Mid Bancshares's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
First Mid Bancshares Debt-to-Equity vs Banks Industry
For the Banks industry and Financial Services sector, First Mid Bancshares's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where First Mid Bancshares's Debt-to-Equity falls into.
* 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 (FMBH) has a Debt-to-Equity of 0.36 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on First Mid Bancshares and its competitors. This is near median its historical median of 0.38. Over the past decade, First Mid Bancshares' Debt-to-Equity has ranged from 0.23 to 1.09. According to the industry distribution chart, First Mid Bancshares ranks #519 out of 1421 companies in the Banks industry, placing it in the top 36.5%.
Is First Mid Bancshares' Debt-to-Equity too high?
First Mid Bancshares' current Debt-to-Equity of 0.36 is near median its 10-year median of 0.38. Over the past 10 years, this metric has ranged from a low of 0.23 to a high of 1.09. The Banks industry median Debt-to-Equity is 0.56. First Mid Bancshares' value of 0.36 is 35.7% below this industry median. Based on the distribution chart, First Mid Bancshares ranks #519 out of 1421 companies in the Banks industry, which is above the industry midpoint. Overall, First Mid Bancshares has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does First Mid Bancshares' Debt-to-Equity compare to CTBI and PFBC?
According to the Banks industry distribution chart, First Mid Bancshares ranks #519 out of 1421 companies for Debt-to-Equity. This puts First Mid Bancshares in the upper half of its industry. The industry median Debt-to-Equity is 0.56. First Mid Bancshares' value of 0.36 is 35.7% below this benchmark. Historically, First Mid Bancshares' own Debt-to-Equity has ranged from 0.23 to 1.09 over the past decade. While the company's 10-year median is 0.38 vs. the industry median of 0.56, First Mid Bancshares has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Banks company?
The median Debt-to-Equity among Banks companies is 0.56, based on 1,421 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. First Mid Bancshares's current Debt-to-Equity of 0.36 is 35.7% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on First Mid Bancshares and its competitors. For the Banks industry, the median Debt-to-Equity is 0.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Mid Bancshares's current Debt-to-Equity is 0.36, which is near median its own 10-year median of 0.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Mid Bancshares stock overvalued right now?
Based on GuruFocus' analysis, First Mid Bancshares (FMBH) is currently considered Significantly Overvalued. The stock's GF Value™ is $37.59, compared to a current price of $49.31 — trading 31.2% above its estimated fair value. The current Debt-to-Equity is 0.36, which is near median its 10-year median of 0.38 and 35.7% below the Banks industry median of 0.56. First Mid Bancshares' overall GF Score™ is 62/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For First Mid Bancshares (FMBH), the current Debt-to-Equity is 0.36 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is First Mid Bancshares (FMBH) Overvalued in 2026?
Based on GuruFocus' analysis, First Mid Bancshares stock appears to be overvalued.
The current stock price of $49.31 is trading 31.2% above its estimated GF Value™ of $37.59.
GuruFocus considers First Mid Bancshares to be Significantly Overvalued.
Key valuation signals for FMBH:
Debt-to-Equity: 0.36 (near median its 10-year median of 0.38)
GF Value™: $37.59 vs. price of $49.31 (31.2% above fair value)
Industry Position: 35.7% below the Banks median (#519 of 1421)
No single metric tells the full story. See the FMBH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
First Mid Bancshares Inc is a United States based financial holding company. Through its wholly-owned subsidiary, First Mid Bank, it is engaged in the business of banking. The company offers trust, farm services, investment services, and retirement planning through its wholly owned subsidiary, 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.
62GF Score
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