Highest-materiality recent filing
First Mid Q2 net income $27.8M ($1.04 EPS); adjusted EPS $1.26; dividend raised to $0.26
Net income $27.8M ($1.04 diluted EPS); adjusted net income $33.4M ($1.26 diluted EPS).
First Mid Bancshares enters $19.7M promissory note at 6.125% to refinance prior debt
Principal $19,709,626.03; fixed rate 6.125%; 38 monthly payments of $161,204.52.
Quorum of 18,743,640 shares (70.4% of eligible) present at April 29 meeting.
First Mid reports Q1 net income $26.3M ($1.06 EPS); closes Two Rivers acquisition, adds $871M loans
Net income $26.3M ($1.06 diluted EPS); adjusted net income $28.4M ($1.14 adjusted EPS).
First Mid names Matt Smith CEO; Joe Dively becomes Executive Chairman effective July 1, 2026
Matthew K. Smith, currently President, becomes CEO and President of First Mid and its bank subsidiary effective July 1, 2026.
First Mid Bancshares enters $15M revolver and $20M term loan; replaces $15M Northern Trust facility
Revolver up to $15M, matures April 2027; interest at Prime minus 0.75% (floor 4.5%), initial ~6.00%.
First Mid Bancshares completes acquisition of Two Rivers Financial Group
Closed on Feb 28, 2026; Two Rivers shareholders received 1.225 FMBH shares per share (total ~2.54M shares).
Two Rivers stockholders approve merger with First Mid; closing expected Feb 28, 2026
Two Rivers Financial Group stockholders voted to approve the merger on February 24, 2026 at a special meeting.
First Mid gets lender consent for Two Rivers acquisition, targets Feb 28 close
Tenth Amendment to $15M revolving credit agreement with Northern Trust consents to Two Rivers merger.
First Mid posts record Q4 net income of $23.7M; EPS $0.99 diluted
Record quarterly net income $23.7M ($0.99 diluted EPS); adjusted net income $25.3M ($1.06 diluted EPS).
First Mid Bancshares receives FRB Chicago approval for Two Rivers acquisition
Federal Reserve Bank of Chicago approved the Two Rivers merger on December 30, 2025.
First Mid Bancshares receives Iowa Banking approval for Two Rivers merger; expects Q1 2026 close
Iowa Division of Banking approved the merger on Dec 23, 2025.
Alex Melvin joins First Mid Bancshares board committees; no related-party transactions
Appointed to Audit, Compensation, and Nominating & Governance committees (eff. Dec 16, 2025); also on Risk Committee.
First Mid Bancshares appoints Alex Melvin to board as Class I director
Board size increased to 10 directors; Melvin fills new Class I seat.
First Mid Bancshares to acquire Two Rivers Financial in stock deal valued ~$94M
First Mid (FMBH) to acquire 100% of Two Rivers (TRVR) in all-stock merger; shareholders get 1.225 FMBH shares per TRVR share.
First Mid Q3 net income $22.5M ($0.94 EPS); announces Two Rivers Financial acquisition
Adjusted net income $23.3M ($0.97 adjusted EPS); net interest margin expanded 8 bps to 3.80%.
Record Q2 net income of $23.4M ($0.98 diluted EPS); adjusted EPS $0.99.
First Mid promotes Smith to President and Read to CFO effective June 24, 2025
Matthew K. Smith, former CFO, becomes President; base salary $385,000.
First Mid Bancshares authorizes repurchase of up to 1.2M shares (~5% of outstanding)
Prior repurchase plan terminated effective June 30, 2025.
First Mid Bancshares increases authorized common shares to 45M from 30M
Stockholders approved amendment at April 30, 2025 annual meeting.
Stockholders approved increase in authorized common shares from 30M to 45M; 19.7M votes for, 0.7M against.
First Mid Bancshares reports record Q1 net income $22.2M ($0.93 EPS); NIM expands to 3.60%
Record net income of $22.2M ($0.93 diluted EPS); adjusted net income of $23.1M ($0.96 adjusted EPS).
First Mid Bancshares extends $15M revolving loan maturity to April 2026
Extended maturity date of $15M revolving loan from April 4, 2025 to April 3, 2026.
First Mid Q4 2024 adjusted EPS $0.87; NIM expands 6 bps; dividend $0.24
Net income $19.2M ($0.80 diluted EPS); adjusted net income $20.9M ($0.87 diluted EPS).
First Mid Bancshares appoints Paul L. Palmby to Board of Directors
Paul L. Palmby appointed to fill Board vacancy, effective Nov. 19, 2024.
First Mid reports Q3 net income $19.5M ($0.81 EPS); TBV up 6.6%
Adjusted EPS $0.83; revenue net interest income up 1.4% QoQ and 14.1% YoY.
First Mid Q2 net income $19.7M, EPS $0.82; dividend raised to $0.24; MRIG acquisition closed
Net income $19.7M, diluted EPS $0.82; adjusted net income $20.1M, adjusted EPS $0.84.
Director Todd J. James resigns from First Mid Bancshares board and risk committee
Todd J. James resigned from the board and risk committee effective July 30, 2024.
First Mid Bancshares elects three directors at April 24 annual meeting
Meeting held April 24, 2024; 16,802,867 shares (≈70%) present, quorum achieved.
First Mid Q1 net income $20.5M ($0.86 EPS); insurance drives record noninterest income
Net income $20.5M, diluted EPS $0.86; adjusted net income $22.3M, adjusted EPS $0.93.
First Mid Bancshares extends $15M credit facility maturity to April 2025 with Northern Trust
Extended maturity of $15M revolving loan from April 5, 2024 to April 4, 2025 via Eighth Amendment.
First Mid Q4 net income $18.1M ($0.76 EPS); adjusted EPS $0.94; completes Blackhawk merger
Net income $18.1M ($0.76 diluted EPS); adjusted net income $22.4M ($0.94 diluted EPS) per non-GAAP.
First Mid Bancshares approves employment agreements for Taylor ($340k base) and Smith ($280k base)
Michael L. Taylor (Sr EVP) gets base salary $340k, $800/mo auto allowance, country club membership, 4 weeks vacation.
First Mid Bancshares declares $0.23 quarterly dividend, payable Dec 1
Quarterly cash dividend of $0.23 per share declared by Board of Directors on November 14, 2023.
First Mid Q3 EPS $0.68 ($0.77 adjusted); Blackhawk acquisition adds $1.2B deposits
Net income $15.1M, diluted EPS $0.68; adjusted net income $17.1M, adjusted EPS $0.77.
First Mid Bancshares completes Blackhawk Bancorp acquisition for ~3.33M shares
Blackhawk had $1.3B assets, $1.2B deposits, $784M loans as of June 30, 2023.
Blackhawk stockholders approve merger with First Mid; closing expected Aug 15
Blackhawk Bancorp stockholders voted to approve the merger at a special meeting on August 10, 2023.
First Mid obtains lender consent for Blackhawk merger; expects close by Aug 15
Seventh Amendment to credit agreement with Northern Trust Company consented to Blackhawk Bancorp merger.
First Mid and Blackhawk voluntarily supplement merger proxy after shareholder demand letters
Blackhawk received four demand letters (June 21 to Aug 2, 2023) alleging material disclosure deficiencies in the merger proxy.
First Mid Bancshares anticipates closing Blackhawk merger on August 15, 2023
Anticipated closing date of merger with Blackhawk Bancorp: August 15, 2023.
First Mid Q2 net income $16.6M ($0.80 EPS); Blackhawk acquisition closing mid-August
Net income $16.6M ($0.80 diluted EPS); adjusted net income $17.2M ($0.83 diluted EPS).
Received Wisconsin Department of Financial Institutions approval on June 6, 2023.
Federal Reserve Board approved First Mid's acquisition of Blackhawk Bancorp on May 26, 2023.
Director Grissom retires; shareholders re-elect McCurry and Westerhold at annual meeting
Steven L. Grissom retired from board and committees effective April 26, 2023, upon reaching age 70.
First Mid Q1 net income $19.2M ($0.93 EPS); record insurance revenue; announces Blackhawk merger
Net income $19.2M, diluted EPS $0.93; adjusted net income $19.7M, $0.96 EPS.
First Mid Bancshares extends $15M revolving credit facility to April 2024
Extended maturity of $15M revolving credit facility from April 8, 2023 to April 5, 2024.
First Mid Bancshares to acquire Blackhawk Bancorp in ~$90.3M stock deal
First Mid acquires Blackhawk in 100% stock transaction; Blackhawk shareholders receive 1.15 FMBH shares per BHWB share.
Director Steven Grissom to retire from First Mid Bancshares board on April 26, 2023
Steven Grissom not re-nominated due to reaching mandatory retirement age of 70; will retire at annual meeting on April 26, 2023.
First Mid Bancshares Q4 net income $20.6M ($1.01 EPS); loan growth 2.2% QoQ; dividend $0.23
Net income $20.6M, $1.01 diluted EPS; adjusted net income $20.8M.
FMBH enters new employment pacts with CEO Dively ($520k base), Beesley ($198k), McRae ($290k)
New agreements effective Dec 31, 2022, initial term through Dec 31, 2023, auto-renew annually.
Effective July 1, 2026, Matthew K. Smith will become Chief Executive Officer and President of the Company and its subsidiary, First Mid Bank & Trust, N.A., and will be appointed to the Company’s Board of Directors (the “Board”).
In connection with the succession plan, Joseph R. Dively will transition from Chief Executive Officer to Executive Chair of the Company and remain Chairman of the Board.
At a meeting of the Board of Directors of First Mid Bancshares, Inc (the “Company) on October 29, 2024, the Board of Directors appointed Mr. Paul L. Palmby to fill the vacancy on the Board of Directors.
On July 30, 2024, Todd J. James informed the board of First Mid Bancshares, Inc. (the "Company") of his resignation from the board and the risk committee upon which he served effective July 30, 2024.
On August 14, 2023, with the agreement of Blackhawk, First Mid’s board of directors adopted a resolution, effective as of the closing of the Merger appointing Todd J. James, age 59, as a Class I Director of First Mid and a member of the Risk Committee of the board of directors, with a term to expire at the 2026 annual meeting of First Mid’s stockholders, or when his successor is duly elected and qualified, unless he shall earlier resign or be removed.
accepted Steven L. Grissom’s retirement from the Board
Steven Grissom was not re-nominated to the Company's board of directors because he had reached the mandatory retirement age of 70 and would be retiring from the Company's board of directors at the annual meeting on April 26, 2023.
At the same meeting, the Company’s Board of Directors appointed Ms. Gisele A. Marcus to fill the vacancy on the Board of Directors resulting from the increase in the size of the Board of Directors.
On January 7, 2022, Ray A. Sparks informed First Mid Bancshares, Inc. (the “Company”) of his plan to retire from the Board of Directors, including all committees of the Board on which he serves, effective as of the date of the Company’s annual meeting of shareholders in April of 2022.
Max materiality 0.80 · Median 0.60 · Most common event earnings