First Mid Bancshares, Inc. (FMBH) vs Lakeland Financial Corporation (LKFN)
A side-by-side comparison of First Mid Bancshares, Inc. and Lakeland Financial Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of October 6, 2026. Differences are shown without an overall score or investment verdict.
Total return — FMBH vs LKFN
growth of $100 · dividends reinvested · last 10yFMBH vs LKFN: by the numbers
- •LKFN is the larger company ($1.44B vs $1.32B market cap).
- •FMBH trades at the lower trailing earnings multiple (12.29 vs 13.30 P/E), one valuation lens rather than an overall verdict.
- •LKFN converts more revenue to profit (26.04% vs 22.01% net margin).
- •FMBH grew revenue faster over the past five years (15.34% vs 13.42% CAGR).
- •LKFN pays the higher dividend yield (3.53% vs 2.03%).
Metrics side by side
Valuation
| Metric | FMBH | LKFN |
|---|---|---|
| P/E ratio | 12.29 | 13.30 |
| Forward P/E | 11.19 | 13.24 |
| PEG ratio | 1.70 | 3.35 |
| P/S ratio | 2.89 | 3.38 |
| P/B ratio | 1.20 | 1.87 |
Profitability
| Metric | FMBH | LKFN |
|---|---|---|
| Operating margin | 25.12% | 31.81% |
| Net margin | 22.01% | 26.04% |
| ROE | 9.10% | 14.38% |
First Mid Bancshares, Inc.: Gross margin is not shown for a lender or insurer: its revenue is interest, premiums and fees rather than the sale of goods, so there is no cost of goods sold to measure it against.
Lakeland Financial Corporation: Gross margin is not shown for a lender or insurer: its revenue is interest, premiums and fees rather than the sale of goods, so there is no cost of goods sold to measure it against.
Dividends
| Metric | FMBH | LKFN |
|---|---|---|
| Dividend yield | 2.03% | 3.53% |
| Payout ratio | 25.06% | 47.25% |
Growth (annualized)
| Metric | FMBH | LKFN |
|---|---|---|
| Revenue CAGR (5Y) | 15.34% | 13.42% |
| EPS CAGR (5Y) | 7.22% | 3.96% |
| Total return CAGR (5Y) | 6.38% | -1.77% |
Frequently asked
- Which has the lower trailing P/E, FMBH or LKFN?
- FMBH has the lower trailing P/E: FMBH trades at 12.29 and LKFN at 13.30. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, FMBH or LKFN?
- Over the past five years, FMBH grew revenue faster — FMBH at a 15.34% CAGR versus LKFN at 13.42%.
- Does FMBH or LKFN pay a bigger dividend?
- FMBH yields 2.03% and LKFN yields 3.53% based on trailing dividends and the latest price.
- Is FMBH or LKFN more profitable?
- LKFN runs the higher net margin — FMBH at 22.01% versus LKFN at 26.04%.
- How have FMBH and LKFN total returns compared?
- Over the past 10 years, FMBH delivered 9.04% and LKFN delivered 7.84% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
First Mid Bancshares & Lakeland Financial appear in these rankings
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified October 6, 2026.