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Side-by-side financial comparison of FIRST MID BANCSHARES, INC. (FMBH) and i3 Verticals, Inc. (IIIV). Click either name above to swap in a different company.

FIRST MID BANCSHARES, INC. is the larger business by last-quarter revenue ($88.2M vs $52.7M, roughly 1.7× i3 Verticals, Inc.). FIRST MID BANCSHARES, INC. runs the higher net margin — 26.8% vs 0.9%, a 25.9% gap on every dollar of revenue. On growth, FIRST MID BANCSHARES, INC. posted the faster year-over-year revenue change (3.4% vs -14.6%). FIRST MID BANCSHARES, INC. produced more free cash flow last quarter ($124.0M vs $13.8M). Over the past eight quarters, FIRST MID BANCSHARES, INC.'s revenue compounded faster (5.0% CAGR vs -4.7%).

First Mid Bancshares Inc. is a U.S.-headquartered regional financial services holding company. It provides full-range retail and commercial banking products, wealth management, insurance solutions, and agricultural financing, mainly serving individual consumers, small and medium-sized enterprises, and agricultural clients across multiple Midwestern states including Illinois, Missouri, and Indiana.

The Prusa i3 is a family of fused filament fabrication 3D printers, manufactured by Czech company Prusa Research under the trademarked name Original Prusa i3. Part of the RepRap project, Prusa i3 printers were called the most used 3D printer in the world in 2016. The first Prusa i3 was designed by Josef Průša in 2012, and was released as a commercial kit product in 2015. The latest model is available in both kit and factory assembled versions. The Prusa i3's comparable low cost and ease of co...

FMBH vs IIIV — Head-to-Head

Bigger by revenue
FMBH
FMBH
1.7× larger
FMBH
$88.2M
$52.7M
IIIV
Growing faster (revenue YoY)
FMBH
FMBH
+18.0% gap
FMBH
3.4%
-14.6%
IIIV
Higher net margin
FMBH
FMBH
25.9% more per $
FMBH
26.8%
0.9%
IIIV
More free cash flow
FMBH
FMBH
$110.2M more FCF
FMBH
$124.0M
$13.8M
IIIV
Faster 2-yr revenue CAGR
FMBH
FMBH
Annualised
FMBH
5.0%
-4.7%
IIIV

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
FMBH
FMBH
IIIV
IIIV
Revenue
$88.2M
$52.7M
Net Profit
$23.7M
$484.0K
Gross Margin
Operating Margin
34.0%
3.1%
Net Margin
26.8%
0.9%
Revenue YoY
3.4%
-14.6%
Net Profit YoY
23.5%
-76.5%
EPS (diluted)
$0.98
$0.02

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
FMBH
FMBH
IIIV
IIIV
Q4 25
$88.2M
$52.7M
Q3 25
$89.3M
$46.0M
Q2 25
$87.5M
$51.9M
Q1 25
$84.3M
$63.1M
Q4 24
$85.3M
$52.2M
Q3 24
$80.6M
$32.0M
Q2 24
$79.2M
$46.2M
Q1 24
$79.9M
$58.0M
Net Profit
FMBH
FMBH
IIIV
IIIV
Q4 25
$23.7M
$484.0K
Q3 25
$22.5M
$3.1M
Q2 25
$23.4M
$12.9M
Q1 25
$22.2M
$-154.0K
Q4 24
$19.2M
$2.1M
Q3 24
$19.5M
$117.9M
Q2 24
$19.7M
$-7.5M
Q1 24
$20.5M
$1.9M
Operating Margin
FMBH
FMBH
IIIV
IIIV
Q4 25
34.0%
3.1%
Q3 25
32.2%
3.2%
Q2 25
34.4%
-9.3%
Q1 25
33.4%
8.0%
Q4 24
29.7%
3.9%
Q3 24
31.5%
10.6%
Q2 24
33.7%
-2.8%
Q1 24
33.7%
3.4%
Net Margin
FMBH
FMBH
IIIV
IIIV
Q4 25
26.8%
0.9%
Q3 25
25.2%
6.7%
Q2 25
26.8%
24.8%
Q1 25
26.3%
-0.2%
Q4 24
22.5%
3.9%
Q3 24
24.2%
368.2%
Q2 24
24.9%
-16.3%
Q1 24
25.6%
3.2%
EPS (diluted)
FMBH
FMBH
IIIV
IIIV
Q4 25
$0.98
$0.02
Q3 25
$0.94
$0.14
Q2 25
$0.98
$0.50
Q1 25
$0.93
$0.00
Q4 24
$0.81
$0.08
Q3 24
$0.81
$4.93
Q2 24
$0.82
$-0.32
Q1 24
$0.86
$0.08

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FMBH
FMBH
IIIV
IIIV
Cash + ST InvestmentsLiquidity on hand
$37.5M
Total DebtLower is stronger
$354.5M
Stockholders' EquityBook value
$958.7M
$358.5M
Total Assets
$8.0B
$595.9M
Debt / EquityLower = less leverage
0.37×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FMBH
FMBH
IIIV
IIIV
Q4 25
$37.5M
Q3 25
$66.7M
Q2 25
$55.5M
Q1 25
$7.7M
Q4 24
$85.6M
Q3 24
$86.5M
Q2 24
$9.7M
Q1 24
$3.1M
Total Debt
FMBH
FMBH
IIIV
IIIV
Q4 25
$354.5M
Q3 25
$0
Q2 25
$0
Q1 25
$12.0M
Q4 24
$26.2M
Q3 24
$26.2M
Q2 24
$374.1M
Q1 24
$369.6M
Stockholders' Equity
FMBH
FMBH
IIIV
IIIV
Q4 25
$958.7M
$358.5M
Q3 25
$932.2M
$389.6M
Q2 25
$894.1M
$383.3M
Q1 25
$870.9M
$385.2M
Q4 24
$846.4M
$375.0M
Q3 24
$858.5M
$379.7M
Q2 24
$813.6M
$249.7M
Q1 24
$798.0M
$249.3M
Total Assets
FMBH
FMBH
IIIV
IIIV
Q4 25
$8.0B
$595.9M
Q3 25
$7.8B
$638.4M
Q2 25
$7.7B
$623.3M
Q1 25
$7.6B
$646.4M
Q4 24
$7.5B
$726.2M
Q3 24
$7.6B
$730.7M
Q2 24
$7.6B
$861.7M
Q1 24
$7.7B
$625.8M
Debt / Equity
FMBH
FMBH
IIIV
IIIV
Q4 25
0.37×
Q3 25
0.00×
Q2 25
0.00×
Q1 25
0.03×
Q4 24
0.07×
Q3 24
0.07×
Q2 24
1.50×
Q1 24
1.48×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FMBH
FMBH
IIIV
IIIV
Operating Cash FlowLast quarter
$130.9M
$14.1M
Free Cash FlowOCF − Capex
$124.0M
$13.8M
FCF MarginFCF / Revenue
140.6%
26.2%
Capex IntensityCapex / Revenue
7.8%
0.6%
Cash ConversionOCF / Net Profit
5.53×
29.18×
TTM Free Cash FlowTrailing 4 quarters
$207.9M
$6.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FMBH
FMBH
IIIV
IIIV
Q4 25
$130.9M
$14.1M
Q3 25
$33.0M
$14.0M
Q2 25
$7.7M
$7.4M
Q1 25
$47.9M
$-27.1M
Q4 24
$124.4M
$11.5M
Q3 24
$33.1M
$15.1M
Q2 24
$24.0M
$8.1M
Q1 24
$29.0M
$10.7M
Free Cash Flow
FMBH
FMBH
IIIV
IIIV
Q4 25
$124.0M
$13.8M
Q3 25
$31.9M
$13.5M
Q2 25
$6.0M
$6.8M
Q1 25
$46.0M
$-27.6M
Q4 24
$119.5M
$11.0M
Q3 24
$32.0M
$14.6M
Q2 24
$22.9M
$7.2M
Q1 24
$27.6M
$9.9M
FCF Margin
FMBH
FMBH
IIIV
IIIV
Q4 25
140.6%
26.2%
Q3 25
35.8%
29.5%
Q2 25
6.8%
13.1%
Q1 25
54.5%
-43.8%
Q4 24
140.0%
21.1%
Q3 24
39.7%
45.6%
Q2 24
28.9%
15.6%
Q1 24
34.5%
17.1%
Capex Intensity
FMBH
FMBH
IIIV
IIIV
Q4 25
7.8%
0.6%
Q3 25
1.2%
0.9%
Q2 25
2.0%
1.0%
Q1 25
2.3%
0.8%
Q4 24
5.8%
0.9%
Q3 24
1.4%
1.7%
Q2 24
1.4%
1.9%
Q1 24
1.9%
1.4%
Cash Conversion
FMBH
FMBH
IIIV
IIIV
Q4 25
5.53×
29.18×
Q3 25
1.47×
4.52×
Q2 25
0.33×
0.57×
Q1 25
2.16×
Q4 24
6.49×
5.59×
Q3 24
1.70×
0.13×
Q2 24
1.21×
Q1 24
1.42×
5.72×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

FMBH
FMBH

Segment breakdown not available.

IIIV
IIIV

License And Service$35.7M68%
Proprietary Payments Revenue$14.5M27%
Other Revenue$2.5M5%

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