First Mid Bancshares, Inc. reported significant financial growth in its latest quarterly filing, with net income reaching $54.1 million for the six months ended June 30, 2026, compared to $45.6 million for the same period in 2025. This translates to a diluted net income per share of $2.10, up from $1.90 year-over-year. The company’s total assets increased to $9.2 billion, a rise from $8.0 billion at the end of 2025, primarily driven by the acquisition of Two Rivers Financial Group, which added approximately $860.5 million in net loans to the balance sheet.
The company’s net interest income before provisions for credit losses surged to $150.4 million, compared to $123.3 million in the prior year, reflecting a 21.83% increase. This growth was attributed to a higher net interest margin of 3.79%, up from 3.66% in the previous year, alongside an increase in earning asset yields. Total non-interest income also saw a notable increase, rising to $55.3 million, a 14.1% increase from $48.5 million in the same period last year, driven by higher wealth management revenues and insurance commissions.
Operationally, First Mid Bancshares expanded its workforce, increasing its employee count from 1,190 to 1,316, largely due to the integration of Two Rivers. The company also reported a total of $6.9 billion in loans outstanding, with a significant portion attributed to commercial real estate and agricultural loans. However, nonperforming loans increased to $41.3 million, up from $21.9 million a year earlier, reflecting the challenges in the current economic environment.
Looking ahead, First Mid Bancshares remains optimistic about its growth trajectory, bolstered by its recent acquisitions and a strong capital position. The company’s Tier 1 capital ratio stood at 13.87% as of June 30, 2026, well above the regulatory minimums, indicating a solid foundation for future expansion. The management emphasized its commitment to maintaining a balanced approach to risk and growth, particularly in light of the ongoing economic uncertainties.
About FIRST MID BANCSHARES, INC.
First Mid Bancshares, Inc. is a financial holding company operating through its subsidiary, First Mid Bank & Trust, offering banking, insurance, trust, and wealth management services. It serves community markets across Illinois, Missouri, Wisconsin, and Texas, focusing on organic growth and strategic acquisitions. The company emphasizes risk management, employee development, and community engagement to deliver value to customers, shareholders, and local communities.
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