First Mid Reports Strong Q1 Adjusted EPS of $1.14, Completes Two Rivers Acquisition
FMBH sits 32% above its 52-week low of $32.62.
Summary
First Mid Bancshares reported first-quarter 2026 net income of $26.3 million, or $1.06 diluted EPS, with adjusted diluted EPS reaching $1.14. Critically, the company also announced the successful closing of its acquisition of Two Rivers on February 28, a significant strategic move. This follows the company's strong 2025 performance and marks a substantial expansion of its asset base. The Two Rivers acquisition added approximately $871.4 million in loans and $1.04 billion in deposits, materially increasing First Mid's scale and market presence. Combined with organic loan growth of $65.3 million and deposit growth of $100.4 million, and an improved net interest margin, these results demonstrate strong operational execution and successful integration of a major acquisition. Investors will now focus on the continued integration efforts, with the full merger of Two Rivers Bank into First Mid Bank & Trust targeted for late Q2 2026.
At the time of this announcement, FMBH was trading at $43.00 on NASDAQ in the Finance sector, with a market capitalization of approximately $1.1B. The 52-week trading range was $32.62 to $44.85. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Wiseek News.