First Mid Bancshares, Inc. reported a net income of $91.7 million for the fiscal year ending December 31, 2025, reflecting a 16.5% increase from $78.9 million in 2024. Diluted earnings per share rose to $3.83, up from $3.30 in the previous year. The company's total assets increased to $7.97 billion, compared to $7.52 billion in 2024, driven by a rise in net loans, which reached $5.94 billion, up from $5.60 billion. The net interest margin improved to 3.70% from 3.34% in 2024, primarily due to enhanced loan yields and reduced funding costs.

The company experienced significant operational changes, including the acquisition of Blackhawk Bancorp, Inc. in August 2023, which was fully integrated into First Mid Bank by December 2023. This acquisition contributed to a notable increase in the customer base and expanded the company's market presence. Additionally, First Mid Bancshares acquired Mid Rivers Insurance Group, Inc. in September 2024, further enhancing its insurance services. The company also reported a decrease in non-interest income to $93.1 million in 2025 from $96.3 million in 2024, largely due to losses on low-performing securities.

In terms of operational metrics, First Mid Bancshares reported a total deposit balance of $6.40 billion as of December 31, 2025, an increase from $6.06 billion in 2024. The company maintained a strong capital position, with a total risk-based capital ratio of 15.67%, exceeding the regulatory minimum requirements. The allowance for credit losses stood at $74.9 million, representing 1.25% of total loans, indicating a proactive approach to managing credit risk amid a changing economic landscape.

Looking ahead, First Mid Bancshares expressed optimism about its growth strategy, focusing on both organic growth and strategic acquisitions to enhance shareholder value. The company aims to leverage its expanded footprint and product offerings to drive revenue growth while maintaining a strong balance sheet. The management remains vigilant regarding market conditions and potential risks, including credit and interest rate risks, as it navigates the evolving financial landscape.

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.

This description was generated via AI from an annual report. Updated 8 months ago.

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