First Mid BancsharesFMBH +0.02%62 Net Margin % is 27.59% as of Mar. 2026, which is 11% above its 10-year median of 24.92. GuruFocus rates FMBH with a GF Score™ of 62/100 and a GF Value™ of $38.98 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 1,526 Banks companies, First Mid Bancshares ranks better than 50.07% on this metric.
The historical rank and industry rank for First Mid Bancshares's Net Margin % or its related term are showing as below:
FMBH'
s Net Margin % Range Over the Past 10 Years
Min: 21.97 Med: 24.92 Max: 28.65
Current: 27
FMBH's Net Margin % is ranked better than 50.07% of 1526
companies
in the Banks industry
Industry Median: 26.97
vs FMBH: 27.00
First Mid Bancshares (NAS:FMBH) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
First Mid Bancshares Net Margin % Related Terms
First Mid Bancshares Net Margin % Historical Data
* Premium members only.
The historical data trend for First Mid Bancshares's Net Margin % 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.
For the Banks - Regional subindustry, First Mid Bancshares's Net Margin %, along with its competitors' market caps and Net Margin % 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 Net Margin % vs Banks Industry
For the Banks industry and Financial Services sector, First Mid Bancshares's Net Margin % distribution charts can be found below:
* The bar in red indicates where First Mid Bancshares's Net Margin % 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 Net Margin % of 27.59% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on First Mid Bancshares and its competitors. This is 11% above median its historical median of 24.92. Over the past decade, First Mid Bancshares' Net Margin % has ranged from 21.97 to 28.65. According to the industry distribution chart, First Mid Bancshares ranks #762 out of 1526 companies in the Banks industry, placing it in the top 49.9%.
Is First Mid Bancshares' Net Margin % too high?
First Mid Bancshares' current Net Margin % of 27.59% is 11% above median its 10-year median of 24.92. Over the past 10 years, this metric has ranged from a low of 21.97 to a high of 28.65. The Banks industry median Net Margin % is 26.97. First Mid Bancshares' value of 27.59% is 2.3% above this industry median. Based on the distribution chart, First Mid Bancshares ranks #762 out of 1526 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 Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does First Mid Bancshares' Net Margin % compare to AGBK and PFBC?
According to the Banks industry distribution chart, First Mid Bancshares ranks #762 out of 1526 companies for Net Margin %. This puts First Mid Bancshares in the upper half of its industry. The industry median Net Margin % is 26.97. First Mid Bancshares' value of 27.59% is 2.3% above this benchmark. Historically, First Mid Bancshares' own Net Margin % has ranged from 21.97 to 28.65 over the past decade. While the company's 10-year median is 24.92 vs. the industry median of 26.97, 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 Net Margin % for a Banks company?
The median Net Margin % among Banks companies is 26.97, based on 1,526 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. First Mid Bancshares's current Net Margin % of 27.59% is 2.3% 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 Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on First Mid Bancshares and its competitors. For the Banks industry, the median Net Margin % is 26.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Mid Bancshares's current Net Margin % is 27.59%, which is 11% above median its own 10-year median of 24.92. 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 Modestly Overvalued. The stock's GF Value™ is $38.98, compared to a current price of $47.65 — trading 22.2% above its estimated fair value. The current Net Margin % is 27.59%, which is 11% above median its 10-year median of 24.92 and 2.3% above the Banks industry median of 26.97. 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 Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For First Mid Bancshares (FMBH), the current Net Margin % is 27.59% 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 $47.65 is trading 22.2% above its estimated GF Value™ of $38.98.
GuruFocus considers First Mid Bancshares to be Modestly Overvalued.
Key valuation signals for FMBH:
Net Margin %: 27.59% (11% above median its 10-year median of 24.92)
GF Value™: $38.98 vs. price of $47.65 (22.2% above fair value)
Industry Position: 2.3% above the Banks median (#762 of 1526)
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
Net Margin % 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 
