First Mid Posts Record Q2 Earnings and Closes Two Rivers Merger

summarizeSummary

First Mid Bancshares posted record Q2 2026 earnings of $27.8 million ($1.04 EPS) and completed the Two Rivers merger, driving asset growth to $9.2 billion. Tangible book value per share rose 3.7% and the dividend was increased.

check_boxKey Events · Earnings and Guidance · FMBH

• Record Q2 Earnings

  Net income reached $27.8 million ($1.04 diluted EPS); adjusted net income, which excludes merger costs, came in at $33.4 million ($1.26 diluted EPS).

• Two Rivers Merger Completed

  The bank merger of Two Rivers Bank & Trust into First Mid Bank & Trust was finalized, adding scale and contributing to a $9.2 billion asset base.

• Balance Sheet Growth

  Total loans stood at $6.93 billion and total deposits at $7.57 billion; tangible book value per share increased 3.7% to $31.15.

• Capital Return

  The company repurchased 21,872 shares and declared a $0.01 increase in the quarterly dividend to $0.26 per share, payable September 1, 2026.

auto_awesomeAnalysis · FMBH · Finance

Driven by two additional months of Two Rivers results and disciplined loan pricing, First Mid delivered record quarterly net income of $27.8 million, or $1.04 per diluted share. Adjusted earnings of $33.4 million ($1.26 per share) strip out merger-related costs, revealing the underlying earnings power. The successful integration of Two Rivers expands the balance sheet to $9.2 billion in assets and positions the company for continued organic growth. Tangible book value per share rose 3.7% to $31.15, and the board raised the dividend by a penny, signaling confidence in the capital position. The stock trades near its 52-week high, reflecting market optimism around the merger and earnings trajectory.