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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Item 8. Consolidated Statements of Cash Flows
Consolidated Statem ents of Cash Flows
| (In thousands) | 2025 | 2024 | 2023 |
|---|---|---|---|
| Cash flows from operating activities: | |||
| Net income | $91,749 | $78,898 | $68,935 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Provision for credit losses | 9,921 | 5,635 | 6,104 |
| Depreciation, amortization and accretion, net | 19,771 | 20,778 | 14,904 |
| Change in cash surrender value of bank owned life insurance | (4,988) | (4,728) | (3,981) |
| Gain on cash surrender value of bank owned life insurance | (487) | — | (976) |
| Stock-based compensation expense | 2,643 | 2,360 | 1,656 |
| Operating lease payments | (3,309) | (3,333) | (3,263) |
| Loss (gain) on sale of investment securities, net | 2,509 | 433 | (3,383) |
| Loss (gain) on sale of other real property owned, net | 325 | (1,317) | 4,080 |
| Loss (gain) on sale of premises and equipment | (1,890) | 1,243 | 131 |
| Gain on sale of loans held for sale, net | (3,962) | (3,596) | (1,200) |
| Loss (gain) on repayment of subordinated debentures | 589 | (493) | — |
| Gain on repayment of other borrowings | (85) | — | — |
| Deferred income taxes | (2,338) | 590 | 16,739 |
| Increase in accrued interest receivable | (1,310) | (3,557) | (2,696) |
| Increase in accrued interest payable | 2,263 | 217 | 1,045 |
| Origination of loans held for sale | (166,179) | (127,020) | (62,168) |
| Proceeds from sale of loans held for sale | 171,552 | 128,982 | 58,726 |
| Decrease (increase) in other assets | 10,566 | 33,524 | (20,562) |
| (Decrease) Increase in other liabilities | 3,534 | (4,191) | (1,674) |
| Net cash provided by operating activities | 130,874 | 124,425 | 72,417 |
| Cash flows from investing activities: | |||
| Proceeds from maturities of certificates of deposit investments | 2,660 | 245 | 1,180 |
| Purchase of certificates of deposit investments | (900) | (2,275) | (245) |
| Proceeds from sales of investment securities available-for-sale | 51,694 | 32,338 | 343,610 |
| Proceeds from maturities of investment securities available-for-sale | 117,617 | 91,664 | 105,964 |
| Proceeds from maturities of investment securities held-to-maturity | — | — | 668 |
| Purchase of investment securities available-for-sale | (132,065) | (20,109) | (1,462) |
| Purchase of held-to-maturity investment securities | (64) | (53) | — |
| Net increase in loans | (345,710) | (99,074) | (20,826) |
| Purchases of premises and equipment | (6,846) | (4,945) | (3,639) |
| Proceeds from sale of premises and equipment | 11,179 | 7 | — |
| Proceeds from sales of other real property owned, net | 811 | 3,637 | 2,461 |
| Proceeds from bank owned life insurance death benefit | 1,414 | — | 2,048 |
| Net cash (used in) provided by acquisition | (2,415) | (8,944) | 44,621 |
| Net cash (used in) provided by investing activities | (302,625) | (7,509) | 474,380 |
| Cash flows from financing activities: | |||
| Net increase (decrease) in deposits | 338,177 | (66,563) | (328,314) |
| Decrease in repurchase agreements | (7,406) | (9,599) | (7,693) |
| Proceeds from other borrowings | 200,000 | 165,000 | 150,000 |
| Repayment of other borrowings | (172,435) | (186,171) | (351,141) |
| Proceeds from short-term debt | 4,000 | — | — |
| Repayment of short-term debt | (4,000) | — | — |
| Repayment of subordinated debentures | (29,882) | (19,455) | — |
| Proceeds from issuance of common stock | 1,120 | 1,054 | 1,004 |
| Purchase of treasury stock | (724) | (659) | (465) |
| Dividends paid on common stock | (23,395) | (22,371) | (19,557) |
| Net cash (used in) provided by financing activities | 305,455 | (138,764) | (556,166) |
| Increase (decrease) in cash and cash equivalents | 133,704 | (21,848) | (9,369) |
| Cash and cash equivalents at beginning of period | 121,216 | 143,064 | 152,433 |
| Cash and cash equivalents at end of period | $254,920 | $121,216 | $143,064 |
Consolidated Statements of Cash Flows (continued)
For the years ended December 31, 2025, 2024, and 2023
| (In thousands) | 2025 | 2024 | 2023 |
|---|---|---|---|
| Supplemental disclosures of cash flow information | |||
| Cash paid (received) during the period for: | |||
| Interest | $116,323 | $128,808 | $104,612 |
| Income taxes, net of refunds: | |||
| US Federal | $13,191 | $(441) | $16,986 |
| State of Illinois | 3,625 | (320) | 3,455 |
| State of Missouri | 573 | (2) | 982 |
| State of Wisconsin | 385 | (811) | 505 |
| Other | 190 | 50 | 324 |
| Total income taxes, net of refunds | $17,964 | $(1,524) | $22,252 |
| Supplemental disclosures of noncash investing and financing activities | |||
| Loans transferred to other real estate owned | $159 | $4,683 | $681 |
| Fixed assets transferred to other real estate owned | 1,861 | — | — |
| Initial recognition of right-of-use assets in exchange for lease liabilities | 1,667 | 2,729 | 1,399 |
| Supplemental disclosure of purchase of capital stock | |||
| Fair value of assets acquired | $— | $11,449 | $1,328,280 |
| Consideration paid: | |||
| Cash paid | — | 9,000 | 10,172 |
| Common stock issued | — | — | 93,508 |
| Total consideration paid | — | 9,000 | 103,680 |
| Fair value of liabilities assumed | $— | $2,449 | $1,224,600 |
First Mid Bancshares, Inc.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.