Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
First Mid BancsharesFMBH +0.53%62 Equity-to-Asset is 0.12 as of Mar. 2026, which is 9% above its 10-year median of 0.11. GuruFocus rates FMBH with a GF Score™ of 62/100 and a GF Value™ of $37.24 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,524 Banks companies, First Mid Bancshares ranks better than 72.38% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. First Mid Bancshares's Total Stockholders Equity for the quarter that ended in Mar. 2026 was $1,076.6 Mil. First Mid Bancshares's Total Assets for the quarter that ended in Mar. 2026 was $9,288.6 Mil.
Therefore, First Mid Bancshares's Equity to Asset Ratio for the quarter that ended in Mar. 2026 was 0.12.
The historical rank and industry rank for First Mid Bancshares's Equity-to-Asset or its related term are showing as below:
FMBH'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.09 Med: 0.11 Max: 0.14
Current: 0.12
During the past 13 years, the highest Equity to Asset Ratio of First Mid Bancshares was 0.14. The lowest was 0.09. And the median was 0.11.
FMBH's Equity-to-Asset is ranked better than 72.38% of 1524
companies
in the Banks industry
Industry Median: 0.1
vs FMBH: 0.12
First Mid Bancshares (NAS:FMBH) Equity-to-Asset Explanation
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
First Mid Bancshares Equity-to-Asset Related Terms
First Mid Bancshares Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for First Mid Bancshares's Equity-to-Asset 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, WABC, BHRB: Equity-to-Asset Comparison
For the Banks - Regional subindustry, First Mid Bancshares's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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 Equity-to-Asset vs Banks Industry
For the Banks industry and Financial Services sector, First Mid Bancshares's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where First Mid Bancshares's Equity-to-Asset falls into.
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
First Mid Bancshares's Equity to Asset Ratio for the fiscal year that ended in Dec. 2025 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 (FMBH) has a Equity-to-Asset of 0.12 as of Mar. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on First Mid Bancshares and its competitors. This is near median its historical median of 0.11. Over the past decade, First Mid Bancshares' Equity-to-Asset has ranged from 0.09 to 0.14. According to the industry distribution chart, First Mid Bancshares ranks #421 out of 1524 companies in the Banks industry, placing it in the top 27.6%.
Is First Mid Bancshares' Equity-to-Asset too high?
First Mid Bancshares' current Equity-to-Asset of 0.12 is near median its 10-year median of 0.11. Over the past 10 years, this metric has ranged from a low of 0.09 to a high of 0.14. The Banks industry median Equity-to-Asset is 0.10. First Mid Bancshares' value of 0.12 is 20% above this industry median. Based on the distribution chart, First Mid Bancshares ranks #421 out of 1524 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' Equity-to-Asset compare to CTBI and WABC?
According to the Banks industry distribution chart, First Mid Bancshares ranks #421 out of 1524 companies for Equity-to-Asset. This puts First Mid Bancshares in the upper half of its industry. The industry median Equity-to-Asset is 0.10. First Mid Bancshares' value of 0.12 is 20% above this benchmark. Historically, First Mid Bancshares' own Equity-to-Asset has ranged from 0.09 to 0.14 over the past decade. While the company's 10-year median is 0.11 vs. the industry median of 0.10, First Mid Bancshares has consistently been above 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 Equity-to-Asset for a Banks company?
The median Equity-to-Asset among Banks companies is 0.10, based on 1,524 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. First Mid Bancshares's current Equity-to-Asset of 0.12 is 20% above 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 Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on First Mid Bancshares and its competitors. For the Banks industry, the median Equity-to-Asset is 0.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Mid Bancshares's current Equity-to-Asset is 0.12, which is near median its own 10-year median of 0.11. 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 $37.24, compared to a current price of $52.84 — trading 41.9% above its estimated fair value. The current Equity-to-Asset is 0.12, which is near median its 10-year median of 0.11 and 20% above the Banks industry median of 0.10. 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 Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For First Mid Bancshares (FMBH), the current Equity-to-Asset is 0.12 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 $52.84 is trading 41.9% above its estimated GF Value™ of $37.24.
GuruFocus considers First Mid Bancshares to be Significantly Overvalued.
Key valuation signals for FMBH:
Equity-to-Asset: 0.12 (near median its 10-year median of 0.11)
GF Value™: $37.24 vs. price of $52.84 (41.9% above fair value)
Industry Position: 20% above the Banks median (#421 of 1524)
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
Get the complete analysis for FMBH
Equity-to-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FMBH has been successfully added to your 
