FMBH
First Mid Bancshares, Inc.42.28
-0.01-0.01%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
1.01BP/E (TTM)
11.58Basic EPS (TTM)
3.65Dividend Yield
0.02%Recent Filings
10-Q
Q3 FY2025 results
First Mid Bancshares posted solid Q3 results, with net income climbing 15% year-over-year to $22.5M and diluted EPS holding steady at $0.94, while nine-month figures show a 14% net income gain to $68.1M and EPS up 14% to $2.84 (reconciled to 23.98M diluted shares). Net interest income surged 15% to $66.4M in the quarter on a 45 basis point margin expansion to 3.80% (tax-equivalent), fueled by higher loan yields and lower deposit costs, though provision for credit losses rose to $3.4M from $1.3M amid $1.6M net charge-offs. Loans grew 3% to $5.8B, deposits expanded 4% to $6.3B, and cash swelled to $277M; total debt stood at $349M including $245M FHLB advances (various maturities through 2035 at 1.12%-4.40%) with full revolver availability. Acquired a $2.8M AAIG customer list in July 2025, recognizing matching intangibles amortized over undisclosed periods. Non-GAAP metrics not disclosed in the 10-Q. Yet agriculture remains exposed to commodity price swings.
8-K
First Mid acquires Two Rivers
First Mid Bancshares announced a merger with Two Rivers Financial Group on October 29, 2025, acquiring its $1.1 billion in assets, $901 million in loans, and $988 million in deposits through a stock-for-stock deal valued at approximately 2.56 million shares. The transaction expands First Mid's footprint into Iowa's central and southeastern markets, bolstering its community banking presence while promising 12.3% EPS accretion in 2027 and a 2.1-year tangible book value earnback. Integration risks loom, including potential delays in regulatory and shareholder approvals.
8-K
Q3 earnings up, acquisitions announced
First Mid Bancshares reported Q3 2025 net income of $22.5 million, or $0.94 diluted EPS, with net interest income rising 3.9% to $66.4 million on a 3.80% margin—up 8 basis points—while loans grew 1.0% to $5.82 billion and deposits climbed 1.6% to $6.29 billion. The bank completed a core system conversion and closed 8 branches to boost efficiency amid digital shifts, yet announced acquisitions of Two Rivers Financial Group to enter Iowa and Ray Farm Management to add 9,000 acres under management. Strong asset quality persists, with non-performing loans at 0.38%. Integration risks loom for the deals.
10-Q
Q2 FY2025 results
First Mid Bancshares posted solid Q2 2025 results, with net income hitting $23.4M, up 18.7% year-over-year, driven by net interest income climbing 12.6% to $63.9M on a 3.72% tax-equivalent margin—boosted by higher loan yields while deposit costs eased. Loans grew 1.7% quarter-over-quarter to $5.8B, fueled by construction and multifamily demand, yet nonperforming loans ticked up to 0.38% of total. Cash swelled 57% to $190M, deposits rose 2.2% to $6.2B, and FHLB borrowings held steady at $245M with ample revolver access. Free cash flow, derived from $55.6M operating cash minus $3.7M capex, stayed positive. But agriculture's heavy exposure—$688M in grain loans—leaves room for commodity price swings to sting.
8-K
Record Q2 earnings, margin expansion
First Mid Bancshares posted record Q2 2025 net income of $23.4 million, up from $22.2 million last quarter, fueled by net interest income climbing 7.5% to $63.9 million on a 3.72% margin. Loans grew 1.2% to $5.77 billion while deposits rose 1.0% to $6.19 billion, underscoring steady balance sheet expansion amid controlled costs. Strong asset quality persists. The board hiked the quarterly dividend to $0.25 per share.
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