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Side-by-side financial comparison of FIRST MID BANCSHARES, INC. (FMBH) and indie Semiconductor, Inc. (INDI). 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 $55.5M, roughly 1.6× indie Semiconductor, Inc.). On growth, FIRST MID BANCSHARES, INC. posted the faster year-over-year revenue change (3.4% vs 2.6%). Over the past eight quarters, FIRST MID BANCSHARES, INC.'s revenue compounded faster (5.0% CAGR vs 2.9%).
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.
indie Semiconductor is a fabless semiconductor manufacturer focused on designing high-performance mixed-signal and embedded system-on-chip solutions for the automotive industry. Its products support advanced driver assistance systems, in-vehicle infotainment, connected car, and electric vehicle applications, serving global auto OEMs and tier 1 suppliers across major global markets.
FMBH vs INDI — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $88.2M | $55.5M |
| Net Profit | $23.7M | — |
| Gross Margin | — | 38.0% |
| Operating Margin | 34.0% | -70.1% |
| Net Margin | 26.8% | — |
| Revenue YoY | 3.4% | 2.6% |
| Net Profit YoY | 23.5% | — |
| EPS (diluted) | $0.98 | — |
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.
| Q1 26 | — | $55.5M | ||
| Q4 25 | $88.2M | $58.0M | ||
| Q3 25 | $89.3M | $53.7M | ||
| Q2 25 | $87.5M | $51.6M | ||
| Q1 25 | $84.3M | $54.1M | ||
| Q4 24 | $85.3M | $58.0M | ||
| Q3 24 | $80.6M | $54.0M | ||
| Q2 24 | $79.2M | $52.4M |
| Q1 26 | — | — | ||
| Q4 25 | $23.7M | $-31.2M | ||
| Q3 25 | $22.5M | $-38.3M | ||
| Q2 25 | $23.4M | $-39.0M | ||
| Q1 25 | $22.2M | $-34.5M | ||
| Q4 24 | $19.2M | $-34.4M | ||
| Q3 24 | $19.5M | $-49.7M | ||
| Q2 24 | $19.7M | $-19.2M |
| Q1 26 | — | 38.0% | ||
| Q4 25 | — | 37.3% | ||
| Q3 25 | — | 40.1% | ||
| Q2 25 | — | 40.6% | ||
| Q1 25 | — | 41.7% | ||
| Q4 24 | — | 42.6% | ||
| Q3 24 | — | 39.3% | ||
| Q2 24 | — | 42.2% |
| Q1 26 | — | -70.1% | ||
| Q4 25 | 34.0% | -58.5% | ||
| Q3 25 | 32.2% | -71.4% | ||
| Q2 25 | 34.4% | -83.3% | ||
| Q1 25 | 33.4% | -72.0% | ||
| Q4 24 | 29.7% | -58.4% | ||
| Q3 24 | 31.5% | -92.5% | ||
| Q2 24 | 33.7% | -70.0% |
| Q1 26 | — | — | ||
| Q4 25 | 26.8% | -53.8% | ||
| Q3 25 | 25.2% | -71.3% | ||
| Q2 25 | 26.8% | -75.6% | ||
| Q1 25 | 26.3% | -63.9% | ||
| Q4 24 | 22.5% | -59.2% | ||
| Q3 24 | 24.2% | -92.1% | ||
| Q2 24 | 24.9% | -36.6% |
| Q1 26 | — | — | ||
| Q4 25 | $0.98 | $-0.16 | ||
| Q3 25 | $0.94 | $-0.19 | ||
| Q2 25 | $0.98 | $-0.20 | ||
| Q1 25 | $0.93 | $-0.18 | ||
| Q4 24 | $0.81 | $-0.18 | ||
| Q3 24 | $0.81 | $-0.28 | ||
| Q2 24 | $0.82 | $-0.11 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $174.4M |
| Total DebtLower is stronger | $354.5M | $402.8M |
| Stockholders' EquityBook value | $958.7M | $348.9M |
| Total Assets | $8.0B | $869.6M |
| Debt / EquityLower = less leverage | 0.37× | 1.15× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $174.4M | ||
| Q4 25 | — | $145.5M | ||
| Q3 25 | — | $160.9M | ||
| Q2 25 | — | $192.6M | ||
| Q1 25 | — | $236.6M | ||
| Q4 24 | — | $274.2M | ||
| Q3 24 | — | $96.9M | ||
| Q2 24 | — | $112.3M |
| Q1 26 | — | $402.8M | ||
| Q4 25 | $354.5M | $353.4M | ||
| Q3 25 | — | $353.5M | ||
| Q2 25 | — | $352.5M | ||
| Q1 25 | — | $379.0M | ||
| Q4 24 | — | $381.3M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $348.9M | ||
| Q4 25 | $958.7M | $358.0M | ||
| Q3 25 | $932.2M | $369.2M | ||
| Q2 25 | $894.1M | $390.4M | ||
| Q1 25 | $870.9M | $405.6M | ||
| Q4 24 | $846.4M | $417.9M | ||
| Q3 24 | $858.5M | $458.6M | ||
| Q2 24 | $813.6M | $470.7M |
| Q1 26 | — | $869.6M | ||
| Q4 25 | $8.0B | $840.8M | ||
| Q3 25 | $7.8B | $855.1M | ||
| Q2 25 | $7.7B | $867.6M | ||
| Q1 25 | $7.6B | $909.0M | ||
| Q4 24 | $7.5B | $941.4M | ||
| Q3 24 | $7.6B | $797.5M | ||
| Q2 24 | $7.6B | $797.3M |
| Q1 26 | — | 1.15× | ||
| Q4 25 | 0.37× | 0.99× | ||
| Q3 25 | — | 0.96× | ||
| Q2 25 | — | 0.90× | ||
| Q1 25 | — | 0.93× | ||
| Q4 24 | — | 0.91× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $130.9M | — |
| Free Cash FlowOCF − Capex | $124.0M | — |
| FCF MarginFCF / Revenue | 140.6% | — |
| Capex IntensityCapex / Revenue | 7.8% | — |
| Cash ConversionOCF / Net Profit | 5.53× | — |
| TTM Free Cash FlowTrailing 4 quarters | $207.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $130.9M | $-14.4M | ||
| Q3 25 | $33.0M | $-6.2M | ||
| Q2 25 | $7.7M | $-7.6M | ||
| Q1 25 | $47.9M | $-29.0M | ||
| Q4 24 | $124.4M | $-6.7M | ||
| Q3 24 | $33.1M | $-22.8M | ||
| Q2 24 | $24.0M | $-19.7M |
| Q1 26 | — | — | ||
| Q4 25 | $124.0M | $-16.1M | ||
| Q3 25 | $31.9M | $-10.3M | ||
| Q2 25 | $6.0M | $-13.6M | ||
| Q1 25 | $46.0M | $-31.4M | ||
| Q4 24 | $119.5M | $-8.6M | ||
| Q3 24 | $32.0M | $-29.3M | ||
| Q2 24 | $22.9M | $-23.4M |
| Q1 26 | — | — | ||
| Q4 25 | 140.6% | -27.8% | ||
| Q3 25 | 35.8% | -19.2% | ||
| Q2 25 | 6.8% | -26.4% | ||
| Q1 25 | 54.5% | -58.0% | ||
| Q4 24 | 140.0% | -14.8% | ||
| Q3 24 | 39.7% | -54.3% | ||
| Q2 24 | 28.9% | -44.7% |
| Q1 26 | — | — | ||
| Q4 25 | 7.8% | 3.0% | ||
| Q3 25 | 1.2% | 7.8% | ||
| Q2 25 | 2.0% | 11.6% | ||
| Q1 25 | 2.3% | 4.4% | ||
| Q4 24 | 5.8% | 3.2% | ||
| Q3 24 | 1.4% | 12.1% | ||
| Q2 24 | 1.4% | 7.0% |
| Q1 26 | — | — | ||
| Q4 25 | 5.53× | — | ||
| Q3 25 | 1.47× | — | ||
| Q2 25 | 0.33× | — | ||
| Q1 25 | 2.16× | — | ||
| Q4 24 | 6.49× | — | ||
| Q3 24 | 1.70× | — | ||
| Q2 24 | 1.21× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FMBH
Segment breakdown not available.
INDI
| Product revenue | $51.6M | 93% |
| Contract revenue | $3.9M | 7% |
