FMBH
First Mid Bancshares, Inc.42.28
-0.01-0.01%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '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
8-K
Acquisition completed, assets surge
First Mid Bancshares completed its acquisition of Two Rivers Financial Group on February 28, 2026, issuing approximately 2,539,879 shares of common stock as total consideration. The deal adds Two Rivers' $1.2 billion in assets, $883 million in loans, and $1.0 billion in deposits as of December 31, 2025, boosting First Mid to $9.1 billion in total assets across 14 Iowa locations. Account conversion follows in June. Integration risks loom large.
10-K
FY2025 results
First Mid Bancshares drove FY2025 net income to $91.7M ($3.83 diluted EPS), up 16% y/y, with net interest income surging 12% to $256M on a tax-effected NIM expansion to 3.70% from 3.34%, fueled by higher loan yields and lower funding costs amid 6% loan growth to $5.94B net. Q4 momentum shone through organic loan expansion in commercial real estate (up to $2.56B) and deposits climbing to $6.40B, while nonperformers ticked to 0.53% yet provision rose to $9.9M signaling normalized credit cycles. NIM widened sequentially on portfolio tweaks; equity stayed rock-solid above 13% CET1. Strong cash generation funded $23M dividends, $30M debt paydown. Grain price swings threaten ag exposure.
8-K
Two Rivers merger approved
First Mid Bancshares' merger with Two Rivers Financial Group cleared a key hurdle as Two Rivers stockholders approved the deal on February 24, 2026. The transaction, first announced October 29, 2025, eyes a February 28 close pending customary conditions. Integration risks loom large. Approval seals the vote.
8-K
Credit amendment clears merger path
First Mid Bancshares signed a Tenth Amendment on February 19, 2026, to its $15 million revolving credit agreement with Northern Trust, securing lender consent for its pending Two Rivers Financial merger. The deal targets closing by February 28, 2026, with all approvals in hand by April 14. Lender waived prior acquisition covenants. Integration risks loom large.
8-K
Record Q4 earnings, Two Rivers greenlit
First Mid Bancshares posted record Q4 net income of $23.7 million ($0.99 diluted EPS), with loans surging 3.2% to $6.01 billion and deposits up 1.7% to $6.40 billion. Secured all regulatory approvals for Two Rivers acquisition; closure eyed for Q1 2026. Growth persists despite normalizing credit quality.
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