FMBH Stock Forecast & Price Target

First Mid Bancshares Inc. has demonstrated a positive trajectory in line utilization, which increased to 52% as of June 30, up from 50% on March 31, indicating heightened customer engagement and demand for credit. The company achieved end-of-period (EOP) loan growth of 5% on a last quarter annualized (LQA) basis, aligning with expectations of 4%-6%, while average loans surged by 10% LQA, suggesting strong underlying business performance. Forward-looking guidance continues to support consistent growth targets of 4%-5% for loans, reinforcing a robust outlook for the company’s financial health and operational efficiency.

First Mid Bancshares has experienced a conservative 1% reduction in its core fee income outlook for the current year, predominantly driven by lower projections in wealth management, insurance, and other revenue streams. The company reported a significant decline in wealth management revenue, dropping from $9.9 million to $5.4 million year-over-year in the first quarter, which indicates challenges in the market environment. Despite expectations for a recovery in 2026, the company is currently facing headwinds due to seasonal effects and a softening market, leading to a cautious sentiment regarding its immediate financial performance.