First Mid Bancshares, Inc.
FMBHFinancial Services · Stock · quarterly payer
Forward Yield
2.08%
Annual Dividend
$1.04
Payout Ratio
25%
5-Yr Growth
-9.6%
Ex-Date
Aug 18, 2026
Frequency
Quarterly
Summary
As of September 2026, First Mid Bancshares, Inc. (FMBH) yields 2.08% ($1.04 per share annually), with a blended fair-value estimate of $100.87 — +102% upside, so it screens as undervalued. Dividend safety grade: B (70/100). 4 years of dividend growth.
Is FMBH a good dividend stock?
Yes, with caveatsFirst Mid Bancshares, Inc. (FMBH) pays a quarterly dividend yielding 2.08% ($1.04/yr), with 4 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.
Advantages
- Comfortable payout ratio (25%)
Risks
- Cut its dividend in 2021
- Dividend has been shrinking, not growing
Key Data
- Dividend Yield
- 2.08%
- Payout Ratio
- 25%
- Annual Dividend
- $1.04
- 5-Yr Avg Growth
- -9.6%
- Ex-Dividend Date
- Aug 18, 2026
- Years of Growth
- 4
- Frequency
- quarterly
- Beta
- 0.77
- Market Cap
- $1.3B
- P/E Ratio
- 12.3
- 5-Yr Total Return
- 16%
- 52-Week Range
- $34.16 – $53.36
- Dividend Safety
- B · 70/100
- Ever Cut?
- Yes (2021)
Frequently Asked Questions
FMBH Price — Last 12 Months
Daily close
Price Return
1 Year
+40%
3 Years
+83%
5 Years
+16%
52-Week Range
$34.16 – $53.36
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is FMBH worth?
Undervaluedlow confidenceOur blended fair-value estimate for First Mid Bancshares, Inc. is $100.87 per share, versus a market price of $49.98. That implies 102% of upside — a margin of safety of about 50%.
Fair Value
$100.87
Current Price
$49.98
Upside
+102%
Margin of Safety
50%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -2.5% annual free-cash-flow growth. We model 17.6% — below our estimate, leaving room for upside if the business executes.
Assumptions: 8.2% discount rate (CAPM), 17.6% stage-1 growth, 2.5% terminal growth, $4.03 EPS, $1.04 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
FMBH Dividend Safety Score
Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 18, 2026 | — | $0.2600 | regular |
| May 15, 2026 | — | $0.2500 | regular |
| Feb 12, 2026 | — | $0.2500 | regular |
| Nov 14, 2025 | — | $0.2500 | regular |
| Aug 15, 2025 | — | $0.2500 | regular |
| May 15, 2025 | — | $0.2400 | regular |
| Feb 13, 2025 | — | $0.2400 | regular |
| Nov 14, 2024 | — | $0.2400 | regular |
| Aug 16, 2024 | — | $0.2400 | regular |
| May 14, 2024 | — | $0.2300 | regular |
| Feb 15, 2024 | — | $0.2300 | regular |
| Nov 22, 2023 | — | $0.2300 | regular |
| Aug 11, 2023 | — | $0.2300 | regular |
| May 16, 2023 | — | $0.2300 | regular |
Income Calculator
At $1.04 / yr per share
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