First Mid Bancshares Inc
firstmid.comWhat Do They Do?
Provides banking, insurance, and wealth-management services to customers.
10-K for FY2025, filed Feb 27, 2026First Mid Bancshares, Inc. (the “Company”), is a financial holding company. The Company is engaged in the business of banking through its…View ↗
How Do They Make Money?
The company earns fees for trust, brokerage, deposit-account, card and other services, plus commissions on insurance premiums. Trust fees are billed based on prior-period account balances, brokerage fees at the start of each quarter based on account assets, and farm-management fees when work is complete; card and deposit charges arise when used.
10-K for FY2025, filed Feb 27, 2026Trust revenues. The Company generates fee income from providing fiduciary services through its trust department. Fees are billed in arrears…View ↗
Brokerage commissions. The primary brokerage revenue is recorded at the beginning of each quarter through billing to customers based on the…View ↗
Insurance commissions. The Company’s insurance agency subsidiary, First Mid Insurance, receives commissions on premiums of new and renewed…View ↗
Service charges on deposits. The Company generates revenue from fees charged for deposit account maintenance, overdrafts, wire transfers…View ↗
ATM/debit card revenue. The Company generates revenue through service charges on the use of its ATM machines and interchange income from…View ↗
$373M
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10-K for FY2025, filed Feb 27, 2026
$373M ↗
Who Are Their Customers?
Customers use First Mid Bank for banking, First Mid Insurance for insurance products and services, and First Mid Wealth Management for trust, farm, investment and retirement-planning services.
10-K for FY2025, filed Feb 27, 2026First Mid Bancshares, Inc. (the “Company”), is a financial holding company. The Company is engaged in the business of banking through its…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 25 cents of every revenue dollar as net income in FY2025 and turned 33 cents into free cash flow.
How Are They Changing?
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Apr 29, 2026
Matthew K. Smith became CEO as Joseph R. Dively moved to Executive Chair
Dively remained Chairman of the Board.
Sources
8-K, filed Apr 29, 2026
On April 29, 2026, First Mid Bancshares, Inc. (the “Company”) announced a planned leadership transition as part of its long-term succession…View ↗
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Mar 2, 2026
First Mid completed its acquisition of Two Rivers
Two Rivers merged into Merger Sub, which continued as First Mid's wholly owned subsidiary.
Sources
8-K, filed Mar 2, 2026
As previously announced, on October 29, 2025, First Mid Bancshares, Inc. ( “First Mid”) and Star Sub LLC, a newly formed Iowa limited…View ↗
Growing. Revenue grew 2.0x in 4 years, from $183M in FY2021 to $373M in FY2025, about 19% a year.
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