FMBHNasdaqState Commercial BanksUS GAAP · USD

First Mid Bancshares, Inc

First Mid Bancshares, Inc. is a U.S. financial holding company centered on community banking through First Mid Bank & Trust, with additional businesses in insurance brokerage, wealth management, trust, farm services, and retirement planning. Its model combines relationship-based lending and deposit gathering with fee income from insurance and wealth services, and it has expanded through both organic growth and acquisitions.

Nettotulos91,7milj. USD
+16,3 %v/v
Vapaa kassavirta124milj. USD
+3,8 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

01milj. USD202020212022202320242025
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Community banking74 %

Loan origination, deposit accounts, treasury-related services, and other core banking activities.

Insurance brokerage35 %

Property and casualty, senior insurance, group medical, and personal lines insurance services.

Wealth management25 %

Trust, estate planning, investment services, retirement planning, and farm management.

Fee-based banking services15 %

Service charges, ATM/debit card revenue, mortgage banking, and related noninterest income.

Other income and treasury items6 %

Bank owned life insurance, securities gains/losses, and other miscellaneous income.

Asiakkaat

The company serves households, small and mid-sized businesses, farmers, and commercial real estate borrowers across its regional footprint. It also sells insurance and wealth products to individuals, employee benefit clients, and business owners seeking bundled financial services. Cross-selling is important because the bank uses deposit and lending relationships to attach fee-based products over time.

Commercial and commercial real estate borrowers

Businesses and property owners that borrow for working capital, equipment, and income-producing real estate.

Retail and consumer banking customers

Individuals and households that use deposits, cards, mortgages, and everyday banking services.

Agricultural and farm customers

Farm operators and agribusinesses that need credit, deposit services, and related financial support.

Insurance clients

Individuals and businesses buying property and casualty, medical, senior, and personal lines coverage.

Wealth management and trust clients

Individuals, families, and employee benefit clients purchasing estate, investment, and retirement services.

Strategia

The company’s strategy is to grow revenue and customer relationships through a mix of organic expansion and acquisitions. It emphasizes cross-selling across banking, insurance, and wealth management, while maintaining a strong balance sheet and disciplined credit standards. Management also highlights cultural fit in acquisitions as a key filter for deals that can add shareholder value.

Organic growth in lending and depositsLyhyt aikaväli

Core banking profitability depends on expanding customer relationships and funding base.

Cross-selling fee-based financial servicesKeskipitkä aikaväli

Insurance and wealth management diversify revenue away from spread income.

Acquisition-led expansionKeskipitkä aikaväli

M&A has been a long-running growth lever for scale and market entry.

Maantiede

First Mid’s lending and deposit base is concentrated in the Midwest and nearby regional markets, with loans dispersed primarily across Illinois, the St. Louis metro area, central Missouri, southern Wisconsin, and Texas. These markets matter because the company’s credit performance and deposit growth depend on local economic conditions, especially in commercial real estate and agriculture. The company does not present a country-level revenue split, but its business is overwhelmingly U.S.-based.

Riskit

The company is exposed to the usual bank risks of credit losses, interest-rate sensitivity, liquidity pressure, and operational or compliance failures. Its loan book is concentrated in commercial real estate, agriculture, and other regional industries, so local economic weakness or falling collateral values could quickly affect asset quality. Fee businesses and acquisitions also add integration, execution, and goodwill impairment risk.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Commercial real estate and agricultural concentration1Interest-rate and funding-cost volatility2Credit deterioration from regional economic stress3Operational and cyber risk4Goodwill impairment after acquisitions5
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Commercial real estate and agricultural concentrationVaikutus: KorkeaTodennäköisyys: Kohtalainen

    A large share of loans is secured by real estate and tied to a few industries, increasing sensitivity to local downturns.

    KohdistuuCommercial real estateAgricultural lendingLessors of buildings
  2. Interest-rate and funding-cost volatilityVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Net interest income depends on the spread between asset yields and deposit/borrowed funding costs.

    KohdistuuDeposit pricingLoan yieldsFHLB/repurchase funding
  3. Credit deterioration from regional economic stressVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    The company operates in specific Midwest and regional markets where local stress can affect borrowers.

    KohdistuuIllinoisSt. Louis metroMissouriWisconsinTexas
  4. Operational and cyber riskVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Banking and insurance rely on systems, third parties, and sensitive customer data.

    KohdistuuPaymentsCustomer recordsService continuity
  5. Goodwill impairment after acquisitionsVaikutus: KeskitasoTodennäköisyys: Matala

    Acquired businesses may not perform as expected, forcing impairment charges.

    Kohdistuu: Blackhawk Bank and Mid Rivers Insurance acquisitions

Kirjanpito

Harkinnanvaraiset erät
Allowance for credit losses

Loan-loss estimates depend on borrower performance, collateral values, and macro assumptions.

Vaikutus: Can materially change provision expense and earnings

Goodwill impairment

Acquisition accounting requires periodic testing of reporting-unit fair value.

Vaikutus: Could create a noncash charge if acquired businesses underperform

Fair value of securities and other income

Securities gains/losses and valuation changes can swing noninterest income.

Vaikutus: Affects other income and comprehensive income

FDIC insurance assessments

Deposit insurance premiums are recurring operating costs for the bank.

Vaikutus: Directly affects noninterest expense

Off-balance-sheet commitments

Lines of credit and letters of credit create funding and credit exposure not fully on balance sheet.

Vaikutus: Affects liquidity planning and credit risk disclosure

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Päivitetty: 24.9.2026