{"schema_version":"secwatch.filing_event.v1","accession":"0001171843-23-001784","form_type":"8-K","ticker":"FMBH","cik":"0000700565","company_name":"FIRST MID BANCSHARES, INC.","filed_at":"2023-03-21T23:59:59+00:00","discovered_at":"2026-05-14T18:03:47.796058+00:00","generated_at":"2026-06-17T22:38:06.424312+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"First Mid Bancshares to acquire Blackhawk Bancorp in ~$90.3M stock deal","bullets":["First Mid acquires Blackhawk in 100% stock transaction; Blackhawk shareholders receive 1.15 FMBH shares per BHWB share.","Aggregate consideration ~$90.3M based on FMBH close of $27.13 on March 20, 2023.","Deal expected to be ~22% accretive to 2024 EPS (excl. nonrecurring items); TBV dilution earnback in 1.9 years.","Blackhawk had $1.32B assets, $782M loans, $1.19B deposits at 12/31/2022; ~31% cost savings targeted.","Pro forma company ~$8.1B; closing expected H2 2023 subject to regulatory and Blackhawk shareholder approval."],"urls":{"canonical":"https://secwatch.observer/filing/0001171843-23-001784","json":"https://secwatch.observer/filing/0001171843-23-001784.json","markdown":"https://secwatch.observer/filing/0001171843-23-001784.md","text":"https://secwatch.observer/filing/0001171843-23-001784.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/700565/000117184323001784/0001171843-23-001784-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/700565/000117184323001784/f8k_032123.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T22:38:06.424312+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"b8c5d81ff0a70e40aabfaa68d54c89c9abc4394d","claim":"FIRST MID BANCSHARES, INC. entered into Agreement and Plan of Merger with Blackhawk Bancorp, Inc. valued at approximately 3,330,176 shares of First Mid common stock (effective 2023-03-21).","evidence_excerpt":"On March 21, 2023, First Mid Bancshares, Inc. (“First Mid”) and Eagle Sub LLC, a newly formed Wisconsin limited liability company and wholly-owned subsidiary of First Mid (“Merger Sub”), entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Blackhawk Bancorp, Inc., a Wisconsin corporation (“Blackhawk”), pursuant to which, among other things, First Mid agreed to acquire 100% of the issued and outstanding shares of Blackhawk pursuant to a business combination whereby Blackhawk will merge with and into Merger Sub, whereupon the separate corporate existence of Blackhawk will cease and Merger Sub will continue as the surviving company and a wholly-owned subsidiary of First Mid (the “Merger”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/700565/000117184323001784/0001171843-23-001784-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"merger"},{"label":"Counterparty","value":"Blackhawk Bancorp, Inc."},{"label":"Value","value":"approximately 3,330,176 shares of First Mid common stock"},{"label":"Effective","value":"2023-03-21"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}