First Mid Bancshares, Inc. Announces Third Quarter 2026 Results
Key Highlights
- ➤Net income reached $33.3 million, or $1.25 diluted EPS
- ➤Evergreen Bancshares acquisition announced, expanding Missouri, Illinois, and Indiana presence
- ➤Investment securities sold for $14.8 million loss, generating $175.8 million cash
- ➤Total deposits increased $44.2 million to $7.62 billion
- ➤Total loans decreased $85.8 million to $6.85 billion
Expert Statements
Matthew Smith, Chief Executive Officer of First Mid Bancshares
“We delivered another strong period of financial results highlighted by a record high quarter of earnings. Asset quality was strong with lower classifieds and negligible net charge-offs during the quarter. Deposit growth was solid, while loan growth was pressured due to higher payoff activity from customer collateral sales. We continue to put a strategic focus on revenue diversification and fee business growth through the acquisition of Winship Farm Management,”
Matthew Smith, Chief Executive Officer of First Mid Bancshares
“I am pleased to announce our pending acquisition of Evergreen Bancshares and its subsidiary American Bank of Freedom. We are excited to welcome their employees and customers to the First Mid family. This acquisition will deepen and extend our presence in Missouri, Illinois, and Indiana while better positioning us to move past the $10 billion asset threshold”
MATTOON, Ill., Oct. 29, 2026 (GLOBE NEWSWIRE) -- First Mid Bancshares, Inc. (NASDAQ: FMBH) (the “Company”) today announced its financial results for the quarter ended September 30, 2026.
Highlights * Net income of $33.3 million, or $1.25 diluted EPS * Adjusted quarterly net income* of $33.6 million, or $1.26 diluted EPS * Announced pending acquisition of Evergreen Bancshares, Inc. (“Evergreen”) * Total loans of $6.85 billion, quarterly decrease of $85.8 million * Total deposits of $7.62 billion, quarterly increase of $44.2 million * Quarterly return on average assets of 1.45% * In late October, 2026 the Company completed the sale of investment securities with a weighted average yield of 1.51% for a loss of $14.8 million, which provided $175.8 million in cash. The proceeds are expected to be reinvested at higher rates with an earn back period of less than 2 years. * Agreed to acquire Winship Farm Management in Putnam, IL, which is expected to add over 8,600 acres under management over the next 3 years * Board of Directors declared a regular quarterly dividend of $0.26 per share “We delivered another strong period of financial results highlighted by a record high quarter of earnings. Asset quality was strong with lower classifieds and negligible net charge-offs during the quarter. Deposit growth was solid, while loan growth was pressured due to higher payoff activity from customer collateral sales. We continue to put a strategic focus on revenue diversification and fee business growth through the acquisition of Winship Farm Management,” said Matthew Smith, Chief Executive Officer.
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