51.50
+1.76%
Close of 9 Nov 2026, in USD
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About First Mid Bancshares
From its filings with the US Securities and Exchange Commission
First Mid Bancshares is based in Mattoon, Illinois and is incorporated in Delaware. Its shares trade on Nasdaq under the ticker FMBH. The SEC classifies its business as state commercial banks. In the fiscal year to 31 December 2025, it reported net income of $91.7m. At that date it held total assets of $7.97bn and shareholders' equity of $958.7m.
First Mid Bancshares, Inc. (the “Company”), is a financial holding company. The Company is engaged in the business of banking through its wholly owned subsidiary, First Mid Bank & Trust, N.A. (“First Mid Bank”). The Company offers insurance products and services to customers through its wholly owned subsidiary, First Mid Insurance Group, Inc. (“First Mid Insurance”). The Company offers trust, farm services, investment services, and retirement planning through its wholly owned subsidiary, First Mid Wealth Management Company. The Company also wholly owns a captive insurance company, First Mid Captive, Inc. Through First Mid Bank, the Company owns an investment subsidiary, First Mid Investments, Inc. In addition, the Company wholly owns five statutory business trusts, First Mid-Illinois Statutory Trust II (“First Mid Trust II”), Clover Leaf Statutory Trust I ("CLST Trust"), FBTC Statutory Trust I ("FBTCST I"), Blackhawk Statutory Trust I (BHST I), and Blackhawk Statutory Trust II (BHST II) all of which are unconsolidated subsidiaries of the Company. On August 15, 2023, the Company acquired Blackhawk Bank, which was merged into First Mid Bank on December 1, 2023. During the quarter ended September 30, 2024, the Company acquired Mid Rivers Insurance Group, Inc. which was subsequently merged into First Mid Insurance.
Quoted from its 10-K, filed 27 Feb 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Financials
- Industry
- Banks
- Listed since
- 29 Mar 1994
- Employees
- 1,170
- Website
- firstmid.com/first-mid ↗
- Head office
- 1515 CHARLESTON AVE, MATTOON, IL, 61938
- Incorporated in
- DE
- Classification
- State Commercial Banks
- Filer status
- Large accelerated filer
Leadership
Pay as last reported
- Mr. Joseph DivelyChairman of the Board, Chief Executive Officer, since 2004$1.6m
- Mr. Matthew SmithPresident, since 2016$680,491
- Mr. Jordan ReadChief Financial Officer, Chief Risk Officer
- Mr. Michael TaylorChief Operating Officer, Senior Executive Vice President$734,989
- Ms. Rhonda GatonsExecutive Vice President, Director - Human Resources
- Mr. Bradley BeesleyExecutive Vice President, Chief Trust and Wealth Management Officer of First Mid Bank$780,863
- Mr. Clay DeanExecutive Vice President
- Ms. Amanda LewisExecutive Vice President, Chief Operations Officer
- Mr. Eric McraeExecutive Vice President and Executive Vice President, Chief Lending Officer of First Mid Bank$626,862
- Mr. Stas WolakExecutive Vice President, Chief Retail Banking Officer
- Mr. Jeremy FrieburgSenior Vice President, Chief Information Officer
- Mr. Jason CrowderSenior Vice President, General Counsel
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 24
- Environment
- 6
- Social
- 48
- Governance
- 17
- Women in the workforce
- 70%
- Carbon reduction policy
- No
- Human rights policy
- No
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- One of the major strengths of First Mid Bancshares Inc is its strong and well-established brand reputation. The company has a long history in the banking industry and is known for its high-quality services and customer satisfaction.
- Another strength is the company's solid financial position. First Mid Bancshares Inc has consistently demonstrated strong financial performance and stability, allowing it to effectively navigate economic downturns and capitalize on growth opportunities.
Weaknesses
- One of the weaknesses of First Mid Bancshares Inc is its limited geographic presence. The company operates primarily in a specific region, which can limit its potential for market expansion and diversification.
- Another weakness is the company's reliance on traditional banking methods. In an increasingly digital era, First Mid Bancshares Inc may face challenges in adapting to emerging technologies and changing customer preferences.
Opportunities
- First Mid Bancshares Inc has ample opportunities to expand its product and service offerings. By diversifying its portfolio and exploring new markets, the company can attract a broader customer base and increase its revenue streams.
- Additionally, the growing trend of financial technology presents an opportunity for First Mid Bancshares Inc to invest in digital banking solutions. By embracing innovation, the company can enhance its customer experience and gain a competitive edge.
Threats
- One of the threats to First Mid Bancshares Inc is the intense competition within the banking industry. The presence of large national and international banks, as well as emerging fintech companies, can pose challenges for market share and customer retention.
- Another threat is the potential for economic downturns or financial crises. These external factors can impact the company's profitability and stability, requiring proactive risk management and contingency plans.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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