FIRST MID BANCSHARES, INC.
For the period ended Dec 31, 2025. Filed Feb 27, 2026.
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FY2025 · Filed Feb 27, 2026
FMBH$51.24-0.5%Stored close · as of Nov 10, 2026
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Consolidated Statements of Income
ements of Income
For the years ended December 31, 2025, 2024, and 2023
| (In thousands, except per share data) | 2025 | 2024 | 2023 |
|---|---|---|---|
| Interest income: | |||
| Interest and fees on loans | $338,694 | $320,446 | $262,423 |
| Interest on investment securities | |||
| Taxable | 21,593 | 21,273 | 24,949 |
| Exempt from federal income tax | 7,290 | 7,563 | 7,170 |
| Interest on certificates of deposit | 103 | 144 | 98 |
| Interest on federal funds sold | 3 | 53 | 419 |
| Interest on deposits with other financial institutions | 5,307 | 7,900 | 5,107 |
| Total interest income | 372,990 | 357,379 | 300,166 |
| Interest expense: | |||
| Interest on deposits | 98,327 | 106,919 | 77,294 |
| Interest on securities sold under repurchase agreements with customers | 4,490 | 6,448 | 6,565 |
| Interest on other borrowings | 8,401 | 8,674 | 16,789 |
| Interest on junior subordinated debentures | 1,817 | 2,156 | 1,859 |
| Interest on subordinated debt | 3,790 | 4,454 | 4,196 |
| Total interest expense | 116,825 | 128,651 | 106,703 |
| Net interest income | 256,165 | 228,728 | 193,463 |
| Provision for credit losses | 9,921 | 5,635 | 6,104 |
| Net interest income after provision for credit losses | 246,244 | 223,093 | 187,359 |
| Other income: | |||
| Wealth management revenues | 22,941 | 22,818 | 20,793 |
| Insurance commissions | 32,295 | 28,552 | 24,814 |
| Service charges | 12,297 | 12,362 | 10,881 |
| Securities gains (losses), net | (2,509) | (433) | 3,383 |
| Mortgage banking revenue, net | 3,660 | 3,957 | 2,282 |
| ATM / debit card revenue | 16,411 | 16,807 | 14,347 |
| Bank owned life insurance | 5,475 | 4,728 | 4,957 |
| Other income | 2,481 | 7,495 | 5,329 |
| Total other income | 93,051 | 96,286 | 86,786 |
| Other expense: | |||
| Salaries and employee benefits | 134,615 | 124,134 | 104,962 |
| Net occupancy and equipment expense | 36,579 | 30,407 | 26,946 |
| Net other real estate owned expense | 539 | 411 | 1,862 |
| FDIC insurance expense | 3,476 | 3,463 | 3,339 |
| Amortization of intangible assets | 12,443 | 13,556 | 9,127 |
| Stationery and supplies | 1,770 | 1,885 | 1,346 |
| Legal and professional | 10,746 | 12,944 | 7,379 |
| ATM / debit card expense | 6,945 | 6,384 | 5,322 |
| Marketing and donations | 3,348 | 3,418 | 3,005 |
| Other expense | 11,786 | 18,381 | 22,452 |
| Total other expense | 222,247 | 214,983 | 185,740 |
| Income before income taxes | 117,048 | 104,396 | 88,405 |
| Income taxes | 25,299 | 25,498 | 19,470 |
| Net income | $91,749 | $78,898 | $68,935 |
| Per share data: | |||
| Basic net income per common share | $3.84 | $3.31 | $3.17 |
| Diluted net income per common share | 3.83 | 3.30 | 3.15 |
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