Eric McRae - First Mid EVP

FMBH Stock  USD 29.86  0.54  1.84%   

EVP

Mr. Eric S. McRae is Executive Vice President of First MidIllinois Bancshares Inc and Chief Credit Officer of the Company since 2017.
Age 59
Tenure 7 years
Address 1421 Charleston Avenue, Mattoon, IL, United States, 61938
Phone217 234 7454
Webhttps://www.firstmid.com
McRae was Executive Vice President of the Company and Executive Vice President, Chief Credit Officer of First Mid Bank since January 2017. He served as Senior Lender of First Mid Bank from December 2008 to December 2016 and he served as President of the Decatur region from 2001 to December 2008.

First Mid Management Efficiency

The First Mid's current Return On Equity is estimated to increase to 0.11, while Return On Tangible Assets are projected to decrease to 0.01. As of now, First Mid's Other Assets are increasing as compared to previous years. The First Mid's current Intangible Assets is estimated to increase to about 277.4 M, while Total Current Assets are projected to decrease to under 135.9 M. First Mid's management efficiency ratios could be used to measure how well First Mid manages its routine affairs as well as how well it operates its assets and liabilities.
The company currently holds 608.32 M in liabilities with Debt to Equity (D/E) ratio of 9.31, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Debt can assist First Mid until it has trouble settling it off, either with new capital or with free cash flow. So, First Mid's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like First Mid Illinois sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for First to invest in growth at high rates of return. When we think about First Mid's use of debt, we should always consider it together with cash and equity.

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First Mid Bancshares, Inc., a financial holding company, provides community banking products and services to commercial, retail, and agricultural customers in the United States. First Mid Bancshares, Inc. was founded in 1865 and is headquartered in Mattoon, Illinois. First Mid operates under BanksRegional classification in the United States and is traded on NASDAQ Exchange. It employs 1025 people. First Mid Illinois (FMBH) is traded on NASDAQ Exchange in USA. It is located in 1421 Charleston Avenue, Mattoon, IL, United States, 61938 and employs 1,158 people. First Mid is listed under Regional Banks category by Fama And French industry classification.

Management Performance

First Mid Illinois Leadership Team

Elected by the shareholders, the First Mid's board of directors comprises two types of representatives: First Mid inside directors who are chosen from within the company, and outside directors, selected externally and held independent of First. The board's role is to monitor First Mid's management team and ensure that shareholders' interests are well served. First Mid's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, First Mid's outside directors are responsible for providing unbiased perspectives on the board's policies.
Christopher Slabach, Senior Vice President
Matthew Smith, CFO, Executive Vice President
John Hedges, Sr. Executive VP, Chief Credit Officer of First Mid-Illinois Bank and Trust, N.A. and Sr. Executive VP of First Mid-Illinois Bank and Trust, N.A.
Ray Sparks, Independent Director
Rhonda Gatons, Executive Resources
Clay Dean, Senior Vice President
Steven Grissom, Independent Director
Robert Cook, Director
Aaron Holt, Corporate Secretary
Jason Crowder, SVP Counsel
James Zimmer, Director
Amanda Lewis, Senior Vice President
Matthew CPA, Executive CFO
Joseph Dively, Chairman, CEO and President Chairman of First Mid-Illinois Bank and Trust N.A., CEO of First Mid-Illinois Bank and Trust N.A. and President of First Mid-Illinois Bank and Trust N.A.
Megan McElwee, Senior Officer
Eric McRae, Executive VP, Executive VP of First Mid-Illinois Bank and Trust, N.A. and Sr. Lender of First Mid-Illinois Bank and Trust, N.A.
David Hiden, Senior Officer
Laurel Allenbaugh, Executive VP and President of Mid-Illinois Data Services Inc, Chief Operations Officer of First Mid Bank and Executive VP of First Mid Bank
Anya Schuetz, Senior Management
Mary Westerhold, Director
Danielle Niebrugge, Vice President
Jordan Read, Senior Officer
Bradley Beesley, Executive Vice President& Chief Trust and Wealth Management Officer
Gary Melvin, Independent Director
Michael Taylor, CFO, Sr. Executive VP, CFO of First Mid-Illinois Bank and Trust N.A. and Sr. Executive VP of First Mid-Illinoisbank and Trust
Jeremy Frieburg, Executive Officer
William Rowland, Director
Holly Bailey, Independent Director
Lee Perry, IR Contact

First Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is First Mid a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

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When determining whether First Mid Illinois offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of First Mid's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of First Mid Illinois Stock. Outlined below are crucial reports that will aid in making a well-informed decision on First Mid Illinois Stock:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Mid Illinois. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics.
Note that the First Mid Illinois information on this page should be used as a complementary analysis to other First Mid's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.

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When running First Mid's price analysis, check to measure First Mid's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy First Mid is operating at the current time. Most of First Mid's value examination focuses on studying past and present price action to predict the probability of First Mid's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move First Mid's price. Additionally, you may evaluate how the addition of First Mid to your portfolios can decrease your overall portfolio volatility.
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Is First Mid's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of First Mid. If investors know First will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about First Mid listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.24)
Dividend Share
0.92
Earnings Share
3.15
Revenue Per Share
12.587
Quarterly Revenue Growth
0.247
The market value of First Mid Illinois is measured differently than its book value, which is the value of First that is recorded on the company's balance sheet. Investors also form their own opinion of First Mid's value that differs from its market value or its book value, called intrinsic value, which is First Mid's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because First Mid's market value can be influenced by many factors that don't directly affect First Mid's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between First Mid's value and its price as these two are different measures arrived at by different means. Investors typically determine if First Mid is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First Mid's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.