Earnings summaries and quarterly performance for FIRST MID BANCSHARES.
Executive leadership at FIRST MID BANCSHARES.
Joseph Dively
Detailed
Chairman, President and Chief Executive Officer
CEO
Brad Beesley
Detailed
Executive Vice President & Chief Wealth Management Officer
Eric McRae
Detailed
Executive Vice President & Chief Lending Officer
Matthew Smith
Detailed
Executive Vice President & Chief Financial Officer
Michael Taylor
Detailed
Senior Executive Vice President & Chief Operating Officer
Board of directors at FIRST MID BANCSHARES.
Research analysts covering FIRST MID BANCSHARES.
Recent press releases and 8-K filings for FMBH.
First Mid Bancshares, Inc. Announces Third Quarter 2025 Results
FMBH
Earnings
Dividends
M&A
- First Mid Bancshares, Inc. reported net income of $22.5 million, or $0.94 diluted EPS, and adjusted net income of $23.3 million, or $0.97 diluted EPS, for the third quarter ended September 30, 2025.
- The company's net interest margin (tax equivalent) expanded to 3.80%, an 8 basis point increase from the prior quarter, contributing to the sixth consecutive quarter of growth in net interest income, which reached $66.4 million.
- Total loans increased by $57.0 million (1.0%) to $5.82 billion, and total deposits grew by $99.3 million (1.6%) to $6.29 billion during the quarter.
- Strategic initiatives included the announced pending acquisitions of Two Rivers Financial Group, Inc. and Ray Farm Management Services, Inc., as well as the completion of a core operating system conversion and the closure of 8 full-service branches.
- The Board of Directors declared a regular quarterly dividend of $0.25 per share.
Oct 30, 2025, 12:00 PM
First Mid Bancshares Announces Acquisition of Two Rivers Financial Group
FMBH
M&A
- First Mid Bancshares, Inc. (FMBH) announced a definitive agreement to acquire Two Rivers Financial Group, Inc. (TRVR) in a 100% stock transaction.
- Under the terms of the agreement, Two Rivers shareholders will receive 1.225 shares of FMBH common stock for each share of TRVR common stock, with the aggregate consideration valued at approximately $94.1 million based on First Mid's closing price on October 28, 2025.
- The transaction is estimated to be approximately 12.3% accretive to earnings per share in 2027 and is expected to have a 2.1-year tangible book value per share earnback.
- As of September 30, 2025, Two Rivers had approximately $1.1 billion in total assets, $901 million in loans, and $988 million in deposits.
- The acquisition is expected to close in the first quarter of 2026, subject to regulatory and Two Rivers' stockholder approvals.
Oct 30, 2025, 12:00 PM
First Mid Bancshares Announces Acquisition of Two Rivers Financial Group
FMBH
M&A
New Projects/Investments
- First Mid Bancshares, Inc. (FMBH) announced the acquisition of Two Rivers Financial Group, Inc. (TRVR) in a 100% stock transaction valued at approximately $94.1 million, based on First Mid's share price on October 28, 2025.
- Under the terms of the agreement, Two Rivers shareholders will receive 1.225 shares of FMBH common stock for each share of TRVR common stock.
- The transaction is estimated to be approximately 12.3% accretive to earnings per share in 2027, with an expected tangible book value per share dilution earnback in 2.1 years.
- As of September 30, 2025, Two Rivers had approximately $1.1 billion in total assets and operates 14 branches in central and southeastern Iowa, expanding First Mid's geographic reach.
- The merger, unanimously approved by both companies' boards, is expected to close in the first quarter of 2026, subject to regulatory approvals and Two Rivers' stockholder approval.
Oct 30, 2025, 12:00 PM
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