New Forecasts: Here's What Analysts Think The Future Holds For First Mid Bancshares, Inc. (NASDAQ:FMBH)

First Mid Bancshares, Inc. (NASDAQ:FMBH) shareholders will have a reason to smile today, with the analysts making substantial upgrades to next year's forecasts. The analysts have sharply increased their revenue numbers, with a view that First Mid Bancshares will make substantially more sales than they'd previously expected.

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Following the upgrade, the consensus from five analysts covering First Mid Bancshares is for revenues of US$296m in 2026, implying an uncomfortable 12% decline in sales compared to the last 12 months. Statutory earnings per share are presumed to climb 16% to US$4.22. Previously, the analysts had been modelling revenues of US$266m and earnings per share (EPS) of US$4.05 in 2026. The most recent forecasts are noticeably more optimistic, with a solid increase in revenue estimates and a lift to earnings per share as well.

Check out our latest analysis for First Mid Bancshares

Although the analysts have upgraded their earnings estimates, there was no change to the consensus price target of US$44.29, suggesting that the forecast performance does not have a long term impact on the company's valuation.

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the First Mid Bancshares' past performance and to peers in the same industry. We would highlight that sales are expected to reverse, with a forecast 9.3% annualised revenue decline to the end of 2026. That is a notable change from historical growth of 13% over the last five years. Compare this with our data, which suggests that other companies in the same industry are, in aggregate, expected to see their revenue grow 8.2% per year. So although its revenues are forecast to shrink, this cloud does not come with a silver lining - First Mid Bancshares is expected to lag the wider industry.

The Bottom Line

The most important thing to take away from this upgrade is that analysts upgraded their earnings per share estimates for next year, expecting improving business conditions. Pleasantly, analysts also upgraded their revenue estimates, and their forecasts suggest the business is expected to grow slower than the wider market. Given that analysts appear to be expecting substantial improvement in the sales pipeline, now could be the right time to take another look at First Mid Bancshares.

Still, the long-term prospects of the business are much more relevant than next year's earnings. We have estimates - from multiple First Mid Bancshares analysts - going out to 2027, and you can see them free on our platform here.

Of course, seeing company management invest large sums of money in a stock can be just as useful as knowing whether analysts are upgrading their estimates. So you may also wish to search this free list of stocks with high insider ownership.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.