FMBH Stock Forecast & Price Target

First Mid Bancshares has shown an encouraging increase in overall line utilization, rising to 52% as of June 30, compared to 50% at the end of March, indicating a stronger demand for financing among its clientele. The company also reported end-of-period loan growth of 5% on a last quarter annualized (LQA) basis, aligning with its expectations of 4%-6% growth, while average loans increased by 10% LQA, underscoring robust lending activity. These performance metrics suggest a positive trajectory for the company, with anticipated loan growth projections of 4%-5% LQA expected to continue, translating to equivalent year-over-year increases in the near future.

First Mid Bancshares has reduced its core fee income outlook by 1% for the current year, primarily due to decreased projections for wealth management, insurance, and other revenue streams. Revenue from wealth management showed a significant decline, decreasing from $9.9 million in the first quarter to $5.4 million, influenced by seasonal factors and a softening market. Although the long-term outlook for 2026 remains unchanged at +7%, the current financial performance indicates vulnerabilities in key business segments that could impact overall profitability.