First Mid Bancshares
Provides banking, insurance, wealth, brokerage, and farm services across regional U.S. markets.
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Profile
Offers community banking, insurance, wealth management, brokerage, and farm services through a Mattoon-rooted regional platform. Lending remains the core revenue engine, with acquisitions and cross-selling extending the footprint across its U.S. markets.
Operates through First Mid Bank & Trust and affiliated insurance, wealth, brokerage, and farm-services businesses. The platform serves community-bank customers across Illinois, Iowa, Missouri, Texas, and Wisconsin, with an Indiana loan-production presence.
Combines relationship banking with adjacent fee businesses that can be offered to the same household, business, or agricultural client. Recent expansion has been acquisition-led, adding banks, insurance relationships, and farm-management customer lists to widen the franchise.
The business depends on loan demand and credit quality in its markets, deposit costs and retention, interest-rate conditions, bank regulation, cybersecurity controls, and the execution of acquired operations.
Company facts
Categories
Key statistics
Year to date +30.2% · Average volume (30d) 127.8K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jul 28, 2026 | Piper Sandler | Reiterate | Overweight | $55 | $62.50 | |
| Jul 27, 2026 | DA Davidson | Reiterate | Neutral | $47 | $54 | |
| May 4, 2026 | DA Davidson | Reiterate | Neutral | $46 | $47 | |
| May 1, 2026 | Raymond James | Target | $48 | |||
| May 1, 2026 | Piper Sandler | Reiterate | Overweight | $48 | $55 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 23, 2026Q2 FY26 | $1.05 | $1.26 | +20.0% | $107.4M | $109.3M | +1.8% | +1.90% |
| Apr 29, 2026Q1 FY26 | $1.03 | $1.14 | +10.7% | $96.5M | $98.5M | +2.2% | −2.12% |
| Jan 29, 2026Q4 FY25 | $1.06 | $1.06 | 0.0% | $92.4M | $90.1M | −2.5% | +1.57% |
| Oct 30, 2025Q3 FY25 | $0.97 | $0.97 | +0.3% | $65.0M | $92.5M | +42.4% | +1.51% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $110.6M | $115.9M | $122.3M | $117.6M | $100.6M | $114.9M | |
| Gross profit | $80.8M | $83.7M | $60.4M | $85.9M | $70.8M | $79.7M | |
| Operating income | $28.1M | $30.1M | $28.8M | $30.0M | $7.5M | $7.5M | |
| Net income | $22.2M | $23.4M | $22.5M | $23.7M | $26.3M | $27.8M | |
| Diluted EPS | $0.93 | $0.98 | $0.94 | $0.99 | $1.06 | $1.04 | |
| Gross margin | 73.1% | 72.3% | 49.4% | 73.0% | 70.3% | 69.3% | |
| Operating margin | 25.5% | 26.0% | 23.5% | 25.5% | 7.4% | 6.5% |
Fiscal years (4-quarter sums)FY21 $249.7M · FY22 $286.2M · FY23 $381.6M · FY24 $447.3M · FY25 $466.3M
Balance sheet, Jun 30, 2026Cash & short-term investments $1.59B · Total debt $612.0M · Total assets $9.21B · Shareholders' equity $1.10B
Dividends
Raised for 6 straight years — most recently to $0.26 from $0.25 in Aug 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 18, 2026 | Aug 18 | Sep 1 | $0.26 | raised from $0.25 |
| May 15, 2026 | May 15 | Jun 1 | $0.25 | |
| Feb 12, 2026 | Feb 12 | Feb 27 | $0.25 | |
| Nov 14, 2025 | Nov 14 | Dec 1 | $0.25 | |
| Aug 15, 2025 | Aug 15 | Aug 29 | $0.25 | raised from $0.24 |
| May 15, 2025 | May 15 | May 30 | $0.24 | |
| Feb 13, 2025 | Feb 13 | Feb 28 | $0.24 | |
| Nov 14, 2024 | Nov 14 | Nov 29 | $0.24 |
Ownership
Shares outstanding 26.62M · Float 23.91M · 89.8% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 2.38M | 8.93% | 13F | Aug 7, 2026 |
| Ballentine Partners, LLC | 1.67M | 6.28% | 13F | Jul 17, 2026 |
| Dimensional Fund Advisors LP | 1.17M | 4.39% | 13F | Aug 11, 2026 |
| Vanguard Capital Management LLC | 1.07M | 4.03% | 13F | Aug 13, 2026 |
| American Century Companies Inc | 751.1K | 2.82% | 13F | Aug 12, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Dec 24, 2025 | Clay M. Dean | officer: CEO-First Mid Insurance Group | −3,696 | $40.58 |
| Feb 20, 2026 | Stas R. Wolak | officer: EVP Chief Retail Banking Ofc. | −430 | $43.67 |
| Feb 17, 2026 | James Edwin Zimmer | director | +217 | $43.66 |
| Feb 4, 2026 | Bradley L. Beesley | officer: EVP, CEO First Mid Wealth Mgmt | −6,000 | $44.00 |
| Dec 18, 2025 | Clay M. Dean | officer: CEO-First Mid Insurance Group | −1,099 | $42.69 |
Peers
- First Busey
Direct peer in Illinois/Missouri banking, wealth, and farm services
- Midland States Bancorp
Effingham-based peer across Illinois/Missouri banking and wealth
- Heartland Bank
Central Illinois and Iowa peer with trust, farm, and crop services
- QCR
Illinois/Iowa bank holding peer with trust and asset management
- Old Second Bancorp
Northern Illinois community-bank rival with wealth services
- Old National Bancorp
Larger Midwest bank competing in banking, treasury, and wealth
- Wintrust Financial
Chicago/Wisconsin bank with wealth and insurance-adjacent finance
- Associated Banc-Corp
Wisconsin-based Midwest bank with Illinois, Iowa, and Missouri reach
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| First Mid Bancshares | $50.34 | +0.06% | $1.34B | 12.5 | 10.5 | 2.9 | +26.7% |
| First Busey | $30.29 | 0.00% | $2.56B | 10.9 | 11.4 | 2.7 | −1.9% |
| Midland States Bancorp | $33.00 | +0.09% | $684.8M | 20.6 | 9.7 | 1.5 | −38.7% |
| Heartland Bank | $35.79 | −0.08% | $1.30B | 15.4 | 11.1 | 3.9 | +37.6% |
| QCR | $100.63 | −0.11% | $1.66B | 11.9 | 11.8 | 2.7 | +19.0% |
| Old Second Bancorp | $25.24 | −0.04% | $1.30B | 14.5 | 10.8 | 3.0 | +31.2% |
| Old National Bancorp | $25.85 | +0.02% | $9.89B | 11.4 | 9.5 | 2.5 | +12.3% |
| Wintrust Financial | $161.72 | +5.73% | $10.32B | 12.1 | 11.6 | 2.4 | +10.1% |
| Associated Banc-Corp | $30.92 | −0.00% | $5.84B | 10.8 | 9.9 | 2.3 | +29.1% |
| Median | 12.0 | 11.0 | 2.6 | +15.7% |