FMBH (First Mid Bancshares) Scaled Net Operating Assets: 0.10 (As of Mar. 2026)


FMBH First Mid Bancshares Inc FMBH
62 GF Score
Price $47.51
GF Value $38.97
Valuation Modestly Overvalued
! 7 Warning Signs
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What is First Mid Bancshares Scaled Net Operating Assets?

First Mid Bancshares FMBH -0.36% 62 Scaled Net Operating Assets is 0.10 as of Mar. 2026. GuruFocus rates FMBH with a GF Score™ of 62/100 and a GF Value™ of $38.97 (Modestly Overvalued). The stock has 7 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

First Mid Bancshares's operating assets for the quarter that ended in Mar. 2026 was $8,601.2 Mil. First Mid Bancshares's operating liabilities for the quarter that ended in Mar. 2026 was $7,795.0 Mil. First Mid Bancshares's Total Assets for the quarter that ended in Dec. 2025 was $7,966.7 Mil. Therefore, First Mid Bancshares's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.10.

FMBH
62GF Score
First Mid Bancshares Inc FMBH
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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First Mid Bancshares Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

First Mid Bancshares's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(7710.074-6640.294)/7519.734
=0.14

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=7966.658 - 256.584
=7710.074

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=7007.966 - 367.672 - 0
=6640.294

First Mid Bancshares's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(8601.198-7794.98)/7966.658
=0.10

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=9288.617 - 687.419
=8601.198

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=8211.991 - 389.2 - 27.811
=7794.98

* 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.

What does a Scaled Net Operating Assets of 0.10 mean?
First Mid Bancshares (FMBH) has a Scaled Net Operating Assets of 0.10 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on First Mid Bancshares and its competitors.
Is First Mid Bancshares' Scaled Net Operating Assets too high?
First Mid Bancshares' current Scaled Net Operating Assets is 0.10. 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' Scaled Net Operating Assets compare to AGBK and PFBC?
First Mid Bancshares' Scaled Net Operating Assets of 0.10 can be compared against companies in the Banks industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a Banks company?
A good Scaled Net Operating Assets depends on the Banks industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on First Mid Bancshares and its competitors. First Mid Bancshares's current Scaled Net Operating Assets is 0.10. 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 $38.97, compared to a current price of $47.51 — trading 21.9% above its estimated fair value. The current Scaled Net Operating Assets is 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 Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For First Mid Bancshares (FMBH), the current Scaled Net Operating Assets is 0.10 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 $47.51 is trading 21.9% above its estimated GF Value™ of $38.97. GuruFocus considers First Mid Bancshares to be Modestly Overvalued.

Key valuation signals for FMBH:

  • Scaled Net Operating Assets: 0.10
  • GF Value™: $38.97 vs. price of $47.51 (21.9% above fair value)
  • GF Score™: 62/100 with 7 warning signs

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 Business Description

Address 1421 Charleston Avenue, Mattoon, IL, USA, 61938
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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Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$47.51
Price
$38.97
GF Value