FIRST MID BANCSHARES INC

For the period ended Dec 31, 2024. Filed Feb 28, 2025.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Feb 28, 2025

FMBH$51.24-0.5%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Income

ements of Income

(In thousands, except per share data)	2024	2023	2022
Interest income:
Interest and fees on loans	$320,446	$262,423	$185,869
Interest on investment securities
Taxable	21,273	24,949	20,595
Exempt from federal income tax	7,563	7,170	8,785
Interest on certificates of deposit investments	144	98	37
Interest on federal funds sold	53	419	113
Interest on deposits with other financial institutions	7,900	5,107	492
Total interest income	357,379	300,166	215,891
Interest expense:
Interest on deposits	106,919	77,294	18,813
Interest on securities sold under repurchase agreements with customers	6,448	6,565	1,795
Interest on FHLB borrowings	8,673	16,779	6,184
Interest on other borrowings	1	10	9
Interest on junior subordinated debentures	2,156	1,859	868
Interest on subordinated debt	4,454	4,196	3,945
Total interest expense	128,651	106,703	31,614
Net interest income	228,728	193,463	184,277
Provision for credit losses	5,635	6,104	4,806
Net interest income after provision for credit losses	223,093	187,359	179,471
Other income:
Wealth management revenues	22,818	20,793	22,492
Insurance commissions	28,552	24,814	21,622
Service charges	12,362	10,881	9,112
Securities gains (losses), net	(433)	3,383	33
Mortgage banking revenue, net	3,957	2,282	1,190
ATM / debit card revenue	16,807	14,347	12,422
Bank owned life insurance	4,728	4,957	3,559
Other income	7,495	5,329	4,252
Total other income	96,286	86,786	74,682
Other expense:
Salaries and employee benefits	124,134	104,962	98,594
Net occupancy and equipment expense	30,407	26,946	24,257
Net other real estate owned expense	411	1,862	330
FDIC insurance expense	3,463	3,339	1,805
Amortization of intangible assets	13,556	9,127	6,290
Stationery and supplies	1,885	1,346	1,295
Legal and professional	12,944	7,379	6,996
ATM / debit card expense	6,384	5,322	4,300
Marketing and donations	3,418	3,005	2,999
Other expense	18,381	22,452	15,995
Total other expense	214,983	185,740	162,861
Income before income taxes	104,396	88,405	91,292
Income taxes	25,498	19,470	18,340
Net income	$78,898	$68,935	$72,952
Per share data:
Basic net income per common share	$3.31	$3.17	$3.62
Diluted net income per common share	3.30	3.15	3.60
Cash dividends declared per common share	0.94	0.92	0.90

Consolidated Statements

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.