FMBH has been successfully added to your Stock Email Alerts list.
You can manage your stock email alerts here.
FMBH has been removed from your Stock Email Alerts list.
Please enter Portfolio Name for new portfolio.
Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. First Mid Bancshares's intangible assets for the quarter that ended in Mar. 2024 was $260.7 Mil.
The historical data trend for First Mid Bancshares's Intangible Assets can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
First Mid Bancshares Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Intangible Assets | Get a 7-Day Free Trial | 133.26 | 128.12 | 141.38 | 169.90 | 264.23 |
First Mid Bancshares Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Intangible Assets | Get a 7-Day Free Trial | 168.37 | 178.62 | 267.79 | 264.23 | 260.70 |
Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Examples of intangible assets include trade secrets, copyrights, patents, trademarks. If a company acquires assets at the prices above the book value, it may carry goodwill on its balance sheet. Goodwill reflects the difference between the price the company paid and the book value of the assets.
First Mid Bancshares (NAS:FMBH) Intangible Assets Explanation
If a company (company A) received a patent through their own work, though it has value, it does not show up on its balance sheet as an intangible asset. However, if company A sells this patent to company B, it will show up on company B's balance sheet as an intangible asset.
The same applies to brand names, trade secrets etc. For instance, Coca-Cola's brand is extremely valuable, but the brand does not appear on its balance sheet, because the brand was never acquired.
Some intangibles are amortized. Amortization is the depreciation of intangible assets.
Many intangibles are not amortized. They may still be written down when the company decides the asset is impaired.
Whenever you see an increase in goodwill over a number of years, you can assume it's because the company is out buying other businesses above book value. GOOD if buying businesses with durable competitive advantage.
If goodwill stays the same, the company when acquiring other companies is either paying less than book value or not acquiring. Businesses with moats never sell for less than book value.
Intangibles acquired are on balance sheet at fair value.
Internally developed brand names (Coke, Wrigleys, Band-Aid) however are not reflected on the balance sheet.
One of the reasons competitive advantage power can remain hidden for so long.
Be Aware
Companies may change the way intangible assets are amortized, and this will affect their reported earnings.
Thank you for viewing the detailed overview of First Mid Bancshares's Intangible Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Todd J James | director | 400 BROAD ST, BELOITT WI 53511 |
Clay M Dean | officer: SVP-Chief Deposit Services | 2816 WESTERN AVE, MATTOON IL 61938 |
Robert S Cook | director | 631 S BODIN ST, HINSDALE IL 60521 |
Laura J Hughes | officer: EVP, Chief Marketing & Deposit | 1251 DEER CREEK RDG, DUBUQUE IA 52003 |
Bradley L Beesley | officer: Executive VP-Wealth Management | 1906 SUNSET AVE, EFFINGHAM IL 62401 |
James Kyle Mccurry | director | 302 CAMPUSVIEW DRIVE, SUITE 108, COLUMBIA MO 65201 |
Gisele A Marcus | director | 3827 SHAW BOULEVARD, ST. LOUIS MO 63110 |
Megan E Mcelwee | officer: SVP, Chief Credit Officer | 18537 E COUNTY ROAD 1280N, CHARLESTON IL 61920 |
Anya Y Schuetz | officer: VP, Director of Project Mgmt | 2119 REYNOLDS DRIVE, CHARLESTON IL 61938 |
Jordan D. Read | officer: SVP, Chief Risk Officer | 1713 CHANDLER WAY, ST. CHARLES MO 63303 |
Rhonda G Gatons | officer: SVP, Director Human Resources | 909 E 625 NORTH ROAD, TOWER HILL IL 62571 |
Ray A Sparks | director | 30 S COUNTRY CLUB RD, MATTOON IL 61938 |
David R. Hiden | officer: SVP, Chief Information Officer | 1421 CHARLESTON AVE, MATTOON IL 61938 |
Zachary Horn | director | 8 SOUTH WASHINGTON STREET, SULLIVAN IL 61951 |
Mary Westerhold | director | 6814 GOSHEN ROAD, EDWARDSVILLE IL 62025 |
From GuruFocus
By GuruFocus Research GuruFocus Editor • 05-17-2021
By Marketwired Marketwired • 09-28-2020
By Marketwired Marketwired • 04-13-2018
By Marketwired Marketwired • 02-23-2021
By Marketwired Marketwired • 06-13-2018
By GlobeNewswire GlobeNewswire • 06-12-2018
By sperokesalga sperokesalga • 03-21-2023
By Marketwired Marketwired • 04-01-2020
By Marketwired Marketwired • 07-29-2021
By Marketwired Marketwired • 05-02-2018
Disclaimers: GuruFocus.com is not operated by a broker or a dealer. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. This investment adviser does not provide advice to individual investors. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.