FIRST MID BANCSHARES, INC.
For the period ended Sep 30, 2026. Filed Nov 6, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Nov 6, 2026
FMBH$51.50+1.8%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 1. FINANCIAL STATEMENTS
First Mid Bancshares, Inc.
Condensed Consolidated Balance Sheets(unaudited)
| (In thousands, except share data) | September 30, 2026 | December 31, 2025 |
|---|---|---|
| Assets | ||
| Cash and due from banks: | ||
| Non-interest-bearing | $61,529 | $57,224 |
| Interest-bearing | 449,732 | 197,620 |
| Federal funds sold | 73 | 76 |
| Cash and cash equivalents | 511,334 | 254,920 |
| Certificates of deposit | 3,860 | 1,740 |
| Investment securities: | ||
| Available-for-sale, at fair value (amortized cost of $1,517,425 and $1,215,813 at September 30, 2026 and December 31, 2025, respectively) | 1,329,850 | 1,076,883 |
| Held-to-maturity, at amortized cost (estimated fair value of $2,247 and $2,288 at September 30, 2026 and December 31, 2025, respectively) | 2,247 | 2,288 |
| Equity securities, at fair value | 2,674 | 4,588 |
| Loans held for sale, at fair value | 6,810 | 5,203 |
| Loans | 6,841,761 | 6,006,171 |
| Less allowance for credit losses | (86,496) | (74,875) |
| Net loans | 6,755,265 | 5,931,296 |
| Interest receivable | 47,685 | 39,949 |
| Other real estate owned, net | 5,013 | 2,857 |
| Premises and equipment, net | 101,869 | 90,782 |
| Goodwill, net | 203,744 | 203,391 |
| Intangible assets, net | 66,133 | 49,625 |
| Bank owned life insurance | 188,584 | 174,915 |
| Right of use assets | 11,856 | 12,674 |
| Current tax assets | 8,377 | 714 |
| Deferred tax assets | 72,263 | 45,453 |
| Other assets | 72,756 | 69,380 |
| Total assets | $9,390,320 | $7,966,658 |
| Liabilities and stockholders’ equity | ||
| Deposits: | ||
| Non-interest-bearing | $1,465,347 | $1,392,534 |
| Interest-bearing | 6,150,417 | 5,002,739 |
| Total deposits | 7,615,764 | 6,395,273 |
| Repurchase agreements with customers | 187,726 | 196,716 |
| Other borrowings | 359,186 | 270,000 |
| Subordinated debt, net | 22,773 | 60,008 |
| Junior subordinated debt, net | 34,133 | 24,454 |
| Lease liabilities | 12,393 | 13,210 |
| Current tax liabilities | 4,462 | — |
| Other liabilities | 56,988 | 48,305 |
| Total liabilities | 8,293,425 | 7,007,966 |
| Commitments and contingent liabilities (Note 12) | ||
| Stockholders’ equity: | ||
| Common stock ($4 par value; authorized 45,000,000 shares; issued 27,321,673 and 24,671,969 shares in September 30, 2026 and December 31, 2025, respectively; outstanding 26,601,445 and 23,986,299 shares in September 30, 2026 and December 31, 2025, respectively) | 111,287 | 100,688 |
| Additional paid-in capital | 615,725 | 516,984 |
| Retained earnings | 531,470 | 463,543 |
| Deferred compensation | 1,413 | 2,654 |
| Accumulated other comprehensive loss | (137,145) | (101,301) |
| Treasury stock, at cost (720,228 and 685,670 shares in September 30, 2026 and December 31, 2025, respectively) | (25,855) | (23,876) |
| Total stockholders’ equity | 1,096,895 | 958,692 |
| Total liabilities and stockholders’ equity | $9,390,320 | $7,966,658 |
Condensed Consolidated State ments of Income (unaudited)
| Three months ended · Nine months ended | ||||
|---|---|---|---|---|
| September 30, | September 30, | |||
| (In thousands, except per share data) | 2026 | 2025 | 2026 | 2025 |
| Interest income: | ||||
| Interest and fees on loans | $104,013 | $87,020 | $297,667 | $251,722 |
| Interest on investment securities | ||||
| Taxable | 8,821 | 5,825 | 22,350 | 15,876 |
| Exempt from federal income tax | 1,912 | 1,834 | 5,643 | 5,455 |
| Interest on certificates of deposit | 41 | 23 | 96 | 87 |
| Interest on federal funds sold | 1 | 1 | 9 | 2 |
| Interest on deposits with other financial institutions | 1,930 | 1,432 | 6,457 | 3,953 |
| Total interest income | 116,718 | 96,135 | 332,222 | 277,095 |
| Interest expense: | ||||
| Interest on deposits | 33,165 | 25,179 | 88,267 | 73,865 |
| Interest on repurchase agreements with customers | 941 | 1,105 | 2,996 | 3,503 |
| Interest on other borrowings | 2,148 | 2,186 | 7,125 | 6,060 |
| Interest on subordinated debt | 500 | 850 | 2,380 | 2,648 |
| Interest on junior subordinated debt | 588 | 452 | 1,634 | 1,384 |
| Total interest expense | 37,342 | 29,772 | 102,402 | 87,460 |
| Net interest income | 79,376 | 66,363 | 229,820 | 189,635 |
| Provision (release of provision) for credit losses | (299) | 3,353 | 3,844 | 7,572 |
| Net interest income after provision for credit losses | 79,675 | 63,010 | 225,976 | 182,063 |
| Other income: | ||||
| Wealth management revenues | 7,370 | 5,145 | 21,951 | 16,350 |
| Insurance commissions | 7,529 | 7,089 | 27,206 | 24,854 |
| Service charges | 4,156 | 3,240 | 10,695 | 9,136 |
| Investment securities gains (losses), net | 35 | (1,930) | 118 | (2,111) |
| Mortgage banking revenue, net | 946 | 1,255 | 2,481 | 3,036 |
| ATM / debit card revenue | 4,900 | 4,182 | 13,834 | 12,464 |
| Bank owned life insurance | 1,431 | 1,255 | 4,315 | 4,148 |
| Other income | 845 | 2,673 | 1,886 | 3,489 |
| Total other income | 27,212 | 22,909 | 82,486 | 71,366 |
| Other expense: | ||||
| Salaries and employee benefits | 39,411 | 33,570 | 112,887 | 98,941 |
| Net occupancy and equipment expense | 10,289 | 9,196 | 31,007 | 25,544 |
| Net other real estate owned expense | 537 | 217 | 967 | 393 |
| FDIC insurance expense | 1,016 | 874 | 3,019 | 2,596 |
| Amortization of intangible assets | 3,718 | 3,128 | 10,897 | 9,480 |
| Stationery and supplies | 339 | 411 | 952 | 1,209 |
| Legal and professional | 2,954 | 2,454 | 8,414 | 8,287 |
| ATM / debit card expense | 2,096 | 2,052 | 6,121 | 5,027 |
| Marketing and donations | 954 | 959 | 2,596 | 2,588 |
| Other expense | 3,648 | 4,285 | 19,454 | 12,315 |
| Total other expense | 64,962 | 57,146 | 196,314 | 166,380 |
| Income before income taxes | 41,925 | 28,773 | 112,148 | 87,049 |
| Income taxes | 8,628 | 6,311 | 24,735 | 18,978 |
| Net income | $33,297 | $22,462 | $87,413 | $68,071 |
| Per share data: | ||||
| Basic net income per common share | $1.26 | $0.94 | $3.37 | $2.85 |
| Diluted net income per common share | 1.25 | 0.94 | 3.36 | 2.84 |
| Three months ended · Nine months ended | ||||
|---|---|---|---|---|
| September 30, | September 30, | |||
| (In thousands) | 2026 | 2025 | 2026 | 2025 |
| Net income | $33,297 | $22,462 | $87,413 | $68,071 |
| Other comprehensive income (loss) | ||||
| Unrealized gains (losses) on available-for-sale securities, net of taxes of $12,139 and ($7,253) for three months ended September 30, 2026 and 2025, respectively and $13,441 and ($11,591) for the nine months ended September 30, 2026 and 2025, respectively | (32,296) | 19,295 | (35,758) | 30,837 |
| Less: reclassification adjustment for realized gains (losses) included in net income, net of taxes of ($10) and $527 for three months ended September 30, 2026 and 2025, respectively and ($32) and $577 for the nine months ended September 30, 2026 and 2025, respectively | 25 | (1,403) | 86 | (1,534) |
| Other comprehensive income (loss), net of taxes | (32,321) | 20,698 | (35,844) | 32,371 |
| Comprehensive income | $976 | $43,160 | $51,569 | $100,442 |
For the three months ended September 30, 2026
| (In thousands) | CommonStock | AdditionalPaid-In-Capital | RetainedEarnings | DeferredCompensation | AccumulatedOtherComprehensiveLoss | TreasuryStock | Total |
|---|---|---|---|---|---|---|---|
| June 30, 2026 | $111,259 | $615,232 | $505,052 | $691 | $(104,824) | $(25,666) | $1,101,744 |
| Net income | — | — | 33,297 | — | — | — | 33,297 |
| Other comprehensive loss, net of tax | — | — | — | — | (32,321) | — | (32,321) |
| Dividends on common stock ($.26 per share) | — | — | (6,879) | — | — | — | (6,879) |
| Forfeiture of 467 restricted common shares pursuant to 2017 stock incentive plan | (2) | (16) | — | — | — | — | (18) |
| Issuance of 7,388 common shares pursuant to the employee stock purchase plan | 30 | 230 | — | — | — | — | 260 |
| Deferred compensation | — | — | — | (20) | — | (189) | (209) |
| Grant of restricted stock units pursuant to the 2017 stock incentive plan | — | 228 | — | — | — | — | 228 |
| Vested restricted shares/units compensation expense | — | 51 | — | 742 | — | — | 793 |
| September 30, 2026 | $111,287 | $615,725 | $531,470 | $1,413 | $(137,145) | $(25,855) | $1,096,895 |
For the three months ended September 30, 2025
| (In thousands) | CommonStock | AdditionalPaid-In-Capital | RetainedEarnings | DeferredCompensation | AccumulatedOtherComprehensiveLoss | TreasuryStock | Total |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | $100,630 | $516,495 | $429,342 | $1,028 | $(130,710) | $(22,645) | $894,140 |
| Net income | — | — | 22,462 | — | — | — | 22,462 |
| Other comprehensive income, net tax | — | — | — | — | 20,698 | — | 20,698 |
| Cash dividends on common stock (.25/share) | — | — | (5,968) | — | — | — | (5,968) |
| Forfeiture of 534 restricted shares pursuant to the 2017 stock incentive plan | (2) | (18) | — | — | — | — | (20) |
| Issuance of 8,522 common shares pursuant to the employee stock purchase plan | 34 | 217 | — | — | — | — | 251 |
| Deferred compensation | — | — | — | 236 | — | (216) | 20 |
| Vested restricted shares/units compensation expense | — | 52 | — | 544 | — | — | 596 |
| September 30, 2025 | $100,662 | $516,746 | $445,836 | $1,808 | $(110,012) | $(22,861) | $932,179 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.