FIRST MID BANCSHARES, INC.

The Company operates as asingle segment entity for financial reporting purposes and hasadopted ASU 2023-07 during the year ended December 31, 2024. The Chief Financial Officer, Matthew Smith (CFO), serves as the Company’s chief operating decision maker (CODM). The CODM allocates resources and assesses performance of the Company based on the consolidated performance, excluding all significant intercompany balances and transactions, of the Company and its wholly owned subsidiaries and does not significantly utilize disaggregated segment financial information for decision making and resource allocation. Management has reviewed the requirements of ASU 2023-07 and has determined that no additional segment disclosures are required. Specifically,

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the Company does not use the tracked performance on the disaggregated segment level for decision-making or resource allocation purposes,

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no significant segment-specific expenses or performance metrics are used internally for decision-making or resource allocation purposes, and

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the level of financial consolidation presented in these financial statements aligns with the CODM’s internal reporting and decision-making process

Based on this assessment the Company’s financial statement disclosures fully comply with ASC 2023-07, and no additional qualitative segment disclosures are necessary.