secwatch.observer — SEC 8-K summary
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Issuer:     FIRST MID BANCSHARES, INC. (FMBH)
CIK:        0000700565
Form:       8-K
Filed at:   2025-10-30T23:59:59+00:00
Accession:  0001171843-25-006797
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Mid Bancshares to acquire Two Rivers Financial in stock deal valued ~$94M
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- First Mid (FMBH) to acquire 100% of Two Rivers (TRVR) in all-stock merger; shareholders get 1.225 FMBH shares per TRVR share.
- Aggregate consideration ~$94.1M; transaction estimated 12.3% accretive to EPS in 2027; tangible book dilution earned back in 2.1 years.
- Two Rivers has $1.1B assets, $901M loans, $988M deposits, and $1.2B trust/wealth AUM as of Sept 30, 2025; operates 14 Iowa branches.
- Expected Q1 2026 close, subject to regulatory and Two Rivers shareholder approvals; cost savings ~27% of Two Rivers noninterest expense.
- Shane Zimmerman, Two Rivers Bank CEO, to join First Mid as EVP and Divisional President.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/700565/000117184325006797/0001171843-25-006797-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/700565/000117184325006797/f8k_102925.htm
  HTML page:      https://secwatch.observer/filing/0001171843-25-006797

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