Highest-materiality recent filing
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 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 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.
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 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 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 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.
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.
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.
Max materiality 0.80 · Median 0.60 · Most common event earnings