Earnings Releases·Oct 29, 2026, 7:00 AM ET

First Mid Bancshares, Inc. — Third Quarter 2026 Earnings Summary

Reported net income of $33.3 million ($1.25 diluted EPS), a 48% increase year-over-year from $22.5 million in Q3 2025, driven by a 19.6% rise in net interest income to $79.4 million.
Net interest margin contracted 3 basis points to 3.76% quarter-over-quarter, while non-interest expense fell to $65.0 million due to reduced one-time merger costs, improving the efficiency ratio to 56.13%.
Management expects to reinvest $175.8 million in cash from investment security sales at higher rates with an earn-back period under two years, while targeting a move past the $10 billion asset threshold pending the Evergreen Bancshares acquisition.
Capital returned via a $0.26 per share quarterly dividend declaration and $10.0 million subordinated debt payoff, though tangible book value per share declined 0.2% to $31.09 due to $32.3 million in increased unrealized investment losses.
Total loans decreased $85.8 million to $6.85 billion primarily from commercial real estate payoffs, while total deposits rose $44.2 million to $7.62 billion, with money market deposits growing $198.8 million.