First Mid Bancshares Reports Record Q4 2025 Net Income and EPS, Confirms Merger Progress

summarizeSummary

First Mid Bancshares announced record high net income and diluted EPS for Q4 2025, alongside strong loan and deposit growth, and confirmed the ongoing progress of its acquisition of Two Rivers Financial Group.

check_boxKey Events

• Record Q4 Earnings

  Reported record high quarterly net income of $23.7 million, or $0.99 diluted EPS, and adjusted net income of $25.3 million, or $1.06 diluted EPS.

• Strong Loan and Deposit Growth

  Total loans increased 3.2% quarter-over-quarter to $6.01 billion and 6.0% for the full year. Total deposits grew 1.7% quarter-over-quarter to $6.40 billion and 5.6% for the year.

• Increased Tangible Book Value

  Tangible book value per share rose 4.3% during the quarter to $29.42, marking a 20.3% increase for the year.

• Merger Progress Confirmed

  Reaffirmed receipt of all necessary regulatory approvals for the acquisition of Two Rivers Financial Group, Inc., with closing anticipated in the first quarter of 2026, following the S-4/A effectiveness on January 16, 2026.

auto_awesomeAnalysis

First Mid Bancshares delivered a strong fourth quarter, achieving record net income and diluted earnings per share, driven by robust loan and deposit growth. The company also reported a significant increase in tangible book value per share, reflecting solid operational performance. While there was a slight increase in non-performing and special mention loans, management indicated minimal expected losses from the larger credit. The filing also provided an update on the Two Rivers Financial Group acquisition, confirming that all regulatory approvals have been received and the merger is on track to close in Q1 2026, following previous disclosures on January 2 and January 16. This positive financial performance, coupled with the nearing completion of a strategic acquisition, positions the company for continued growth.