First Mid BancsharesFMBH +0.38%62 Return-on-Tangible-Equity is 13.99% as of Mar. 2026, which is 8% above its 10-year median of 12.94. GuruFocus rates FMBH with a GF Score™ of 62/100 and a GF Value™ of $38.93 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 1,523 Banks companies, First Mid Bancshares ranks better than 68.42% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. First Mid Bancshares's annualized net income for the quarter that ended in Mar. 2026 was $105.3 Mil. First Mid Bancshares's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $752.5 Mil. Therefore, First Mid Bancshares's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 13.99%.
The historical rank and industry rank for First Mid Bancshares's Return-on-Tangible-Equity or its related term are showing as below:
FMBH'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 10.86 Med: 12.94 Max: 15.27
Current: 13.97
During the past 13 years, First Mid Bancshares's highest Return-on-Tangible-Equity was 15.27%. The lowest was 10.86%. And the median was 12.94%.
FMBH's Return-on-Tangible-Equity is ranked better than 68.42% of 1523
companies
in the Banks industry
Industry Median: 11.2
vs FMBH: 13.97
First Mid Bancshares (NAS:FMBH) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
First Mid Bancshares Return-on-Tangible-Equity Related Terms
First Mid Bancshares Return-on-Tangible-Equity Historical Data
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The historical data trend for First Mid Bancshares's Return-on-Tangible-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.
First Mid Bancshares Return-on-Tangible-Equity Chart
FMBH vs CTBI, PFBC, MCB: Return-on-Tangible-Equity Comparison
For the Banks - Regional subindustry, First Mid Bancshares's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-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 Return-on-Tangible-Equity vs Banks Industry
For the Banks industry and Financial Services sector, First Mid Bancshares's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where First Mid Bancshares's Return-on-Tangible-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.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 13.99% mean?
First Mid Bancshares (FMBH) has a Return-on-Tangible-Equity of 13.99% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on First Mid Bancshares and its competitors. This is near median its historical median of 12.94. Over the past decade, First Mid Bancshares' Return-on-Tangible-Equity has ranged from 10.86 to 15.27. According to the industry distribution chart, First Mid Bancshares ranks #481 out of 1523 companies in the Banks industry, placing it in the top 31.6%.
Is First Mid Bancshares' Return-on-Tangible-Equity too high?
First Mid Bancshares' current Return-on-Tangible-Equity of 13.99% is near median its 10-year median of 12.94. Over the past 10 years, this metric has ranged from a low of 10.86 to a high of 15.27. The Banks industry median Return-on-Tangible-Equity is 11.20. First Mid Bancshares' value of 13.99% is 24.9% above this industry median. Based on the distribution chart, First Mid Bancshares ranks #481 out of 1523 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' Return-on-Tangible-Equity compare to CTBI and PFBC?
According to the Banks industry distribution chart, First Mid Bancshares ranks #481 out of 1523 companies for Return-on-Tangible-Equity. This puts First Mid Bancshares in the upper half of its industry. The industry median Return-on-Tangible-Equity is 11.20. First Mid Bancshares' value of 13.99% is 24.9% above this benchmark. Historically, First Mid Bancshares' own Return-on-Tangible-Equity has ranged from 10.86 to 15.27 over the past decade. While the company's 10-year median is 12.94 vs. the industry median of 11.20, 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 Return-on-Tangible-Equity for a Banks company?
The median Return-on-Tangible-Equity among Banks companies is 11.20, based on 1,523 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. First Mid Bancshares's current Return-on-Tangible-Equity of 13.99% is 24.9% 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 Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on First Mid Bancshares and its competitors. For the Banks industry, the median Return-on-Tangible-Equity is 11.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Mid Bancshares's current Return-on-Tangible-Equity is 13.99%, which is near median its own 10-year median of 12.94. 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 $38.93, compared to a current price of $48.09 — trading 23.5% above its estimated fair value. The current Return-on-Tangible-Equity is 13.99%, which is near median its 10-year median of 12.94 and 24.9% above the Banks industry median of 11.20. 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 Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For First Mid Bancshares (FMBH), the current Return-on-Tangible-Equity is 13.99% 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 $48.09 is trading 23.5% above its estimated GF Value™ of $38.93.
GuruFocus considers First Mid Bancshares to be Modestly Overvalued.
Key valuation signals for FMBH:
Return-on-Tangible-Equity: 13.99% (near median its 10-year median of 12.94)
GF Value™: $38.93 vs. price of $48.09 (23.5% above fair value)
Industry Position: 24.9% above the Banks median (#481 of 1523)
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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