GlobeNewswire·Jul 23, 2026, 8:00 AM ET

First Mid Bancshares, Inc. Announces Second Quarter 2026 Results

FMBH

First Mid Bancshares, Inc. reported net income of $27.8 million ($1.04 diluted EPS) for the quarter ended June 30, 2026.
Adjusted quarterly net income was $33.4 million ($1.26 diluted EPS).
The company successfully completed the merger of Two Rivers Bank & Trust into First Mid Bank & Trust.
Total loans decreased by $9.9 million to $6.93 billion, driven by elevated payoffs in multifamily residential & agricultural operating loans.
Total deposits increased by $23.9 million to $7.57 billion, with money market accounts seeing the largest growth.
Tangible book value per share increased 3.7% to $31.15 during the quarter.
Net interest margin expanded to 3.79%, a 1 basis point increase from the prior quarter.
The company repurchased 21,872 shares & the Board declared a $0.01 dividend increase to $0.26 per share.
Non-interest expense totaled $70.6 million, including $7.1 million in Two Rivers acquisition-related costs.
Non-performing loans decreased to $41.3 million, resulting in a non-performing loan ratio of 0.60%.
Allowance for credit losses ended the quarter at $87.0 million, representing 1.25% of total loans.
Total capital to risk-weighted assets was 15.41%, with Tier 1 capital at 13.87%.
The company paid off $27.5 million of subordinated debt using cash & a new lower-rate term note.
Wealth management revenues were $8.2 million, while insurance commissions were $8.9 million.
The adjusted efficiency ratio was 54.39% for the second quarter of 2026.
The dividend increase is payable on September 1, 2026, to shareholders of record as of August 18, 2026.