First Mid-Illinois Bank

First Mid-Illinois Bancshares, Inc. is the parent company of First Mid-Illinois Bank & Trust, N.A.; Mid-Illinois Data Services, Inc.; and First Mid Insurance Group. The bank was first chartered in 1865 and has since grown into a more than $2 billion community-focused organization that provides financial services through a network of 46 banking centers in 33 Illinois communities. Our talented team is comprised of over 500 men and women who take great pride in First Mid, their work and their ability to serve our customers. Our stock is traded in The NASDAQ Stock Market LLC under the ticker symbol “FMBH.” Our Mission is to fulfill the financial needs of our communities with exceptional personal service, professionalism and integrity, and deliver meaningful value and results for customers and shareholders. Our Vision is to be a nimble, community banking team committed to quality and growth for the benefit of all our stakeholders. Our Strategy is to operate as a customer-focused organization; to recruit and retain a well-educated, quality staff; to invest in our communities; to build technological capabilities which will better serve the next generation of customers; to achieve long term consistent growth; and to produce levels of profitability that provide the resources necessary to reinvest in the bank.
Company Growth (employees)
Type
Public
HQ
Mattoon, US
Size (employees)
590 (est)-1%
First Mid-Illinois Bank is headquartered in Mattoon, US

First Mid-Illinois Bank Office Locations

First Mid-Illinois Bank has an office in Mattoon
Mattoon, US (HQ)
1515 Charleston Ave

First Mid-Illinois Bank Data and Metrics

First Mid-Illinois Bank Financial Metrics

First Mid-Illinois Bank's revenue was reported to be $31.7 m in Q1, 2017
USD

Revenue (Q1, 2017)

31.7 m

Gross profit (Q1, 2017)

30.3 m

Gross profit margin (Q1, 2017), %

96%

Net income (Q1, 2017)

6.3 m

EBIT (Q1, 2017)

21.1 m

Market capitalization (15-Aug-2017)

438 m

Cash (31-Mar-2017)

113.3 m
First Mid-Illinois Bank's current market capitalization is $438 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

53.5 m54.7 m59.3 m75.5 m

Revenue growth, %

2%8%27%

Cost of goods sold

3.5 m4.3 m

Gross profit

55.8 m71.2 m

Gross profit Margin, %

94%94%

Sales and marketing expense

32.4 m

Operating expense total

32.4 m

EBIT

54.4 m68.4 m

EBIT margin, %

92%91%

Pre tax profit

25.7 m33.8 m

Income tax expense

9.2 m11.9 m

Net Income

14.7 m15.5 m16.5 m21.8 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

18.6 m18.2 m18.2 m18.7 m20 m23.6 m23.3 m25.5 m31.7 m

Cost of goods sold

788 k805 k827 k828 k947 k892 k913 k1 m1.4 m

Gross profit

17.8 m17.4 m17.4 m17.9 m19 m22.7 m22.4 m24.5 m30.3 m

Gross profit Margin, %

96%96%95%96%95%96%96%96%96%

Sales and marketing expense

6.1 m6.2 m6.1 m6.3 m6.5 m7.8 m7.6 m7.8 m9.9 m

Operating expense total

6.1 m6.2 m6.1 m6.3 m6.5 m7.8 m7.6 m7.8 m9.9 m

EBIT

12.7 m13 m12.3 m13.2 m13.5 m16 m15.2 m16.5 m21.1 m

EBIT margin, %

68%71%68%71%68%68%65%65%66%

Pre tax profit

6.5 m6.3 m6.3 m6.5 m5.6 m7.4 m7.6 m8.1 m9.3 m

Income tax expense

2.4 m2.4 m2.3 m2.4 m2 m2.6 m2.6 m2.8 m3.1 m

Net Income

4 m3.9 m4 m4.2 m3.7 m4.8 m4.9 m5.3 m6.3 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

65.1 m51.7 m115.8 m175.9 m

Accounts Receivable

6.6 m6.8 m8.1 m10.6 m

Inventories

1.8 b

PP&E

28.6 m27.4 m31.3 m40.3 m

Total Assets

1.6 b1.6 b2.1 b2.9 b

Accounts Payable

277 k285 k356 k2.3 b

Dividends Payable

530 k550 k

Total Liabilities

2.6 b

Additional Paid-in Capital

33.9 m55.6 m79.6 m158.7 m

Retained Earnings

86.6 m62 m71.7 m86.2 m

Total Equity

205 m280.7 m

Financial Leverage

10.3 x10.3 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

57.5 m57.6 m56 m46.3 m215.5 m79.7 m53.1 m123 m113.3 m

Accounts Receivable

6 m7 m6 m6 m7.6 m7.6 m7.3 m10.3 m9.8 m

Inventories

1 b1 b1.1 b1.1 b1.2 b1.3 b1.3 b1.8 b1.8 b

PP&E

27.9 m27.8 m27.1 m27.2 m31.6 m30 m29.6 m40.7 m39.5 m

Total Assets

1.6 b1.6 b1.6 b1.6 b2.1 b2.1 b2.1 b2.8 b2.8 b

Accounts Payable

1.3 b1.3 b1.3 b1.3 b1.7 b1.7 b1.7 b2.3 b2.3 b

Dividends Payable

1.1 m550 k1.1 m1.1 m

Additional Paid-in Capital

34.9 m35 m56.2 m79 m79 m80.1 m102.8 m158.4 m159.5 m

Retained Earnings

90.5 m93.3 m65.4 m67 m70.1 m76 m77.7 m81.4 m92.5 m

Total Equity

197.9 m203.8 m212 m216.6 m287.3 m290.7 m

Financial Leverage

8.3 x10.3 x10 x9.8 x9.7 x9.8 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

14.7 m15.5 m16.5 m21.8 m

Depreciation and Amortization

904 k966 k

Accounts Payable

(64 k)

Cash From Operating Activities

24.7 m17.8 m22 m27.4 m

Cash From Investing Activities

(67.1 m)(10 m)(78.1 m)

Long-term Borrowings

(21 m)(10 m)(5 m)(15 m)

Dividends Paid

(4.1 m)(4.3 m)(2 m)(1.3 m)

Cash From Financing Activities

24.9 m(21.1 m)110.8 m

Interest Paid

3.6 m3.2 m3.4 m4.1 m

Income Taxes Paid

7.7 m9.3 m7.8 m13.1 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

4 m3.9 m4 m4.2 m3.7 m4.8 m4.9 m5.3 m6.3 m

Depreciation and Amortization

163 k162 k155 k156 k155 k455 k402 k455 k547 k

Accounts Receivable

6 m7 m6 m6 m7.6 m7.6 m7.3 m10.3 m9.8 m

Accounts Payable

292 k311 k305 k302 k381 k367 k385 k593 k484 k
USDY, 2017

Revenue/Employee

53 k

Financial Leverage

9.8 x

First Mid-Illinois Bank Market Value History

Traffic Overview of First Mid-Illinois Bank

First Mid-Illinois Bank Company Life and Culture

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