FIRST MID BANCSHARES, INC. (FMBH) FY2025 10-K Annual Report
FIRST MID BANCSHARES, INC. (FMBH) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 27, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
FIRST MID BANCSHARES, INC. FY2025 10-K Analysis
Business Overview
- • Core business model: Community-focused banking, insurance, wealth management, and investment services through wholly owned subsidiaries
- • New acquisitions: Blackhawk Bank merged into First Mid Bank (Dec 2023), Mid Rivers Insurance Group merged into First Mid Insurance (Q3 2024)
- • Strategic shift: Increase in lending portfolio, commercial real estate loans grew from $1.7B (2021) to $2.6B (2025), with focus on organic and acquisition growth
- • Quantitative highlight: Employee engagement survey 98% participation in 2025, net interest margin increased to 3.70% in 2025 from 3.34% in 2024
- • Noteworthy fact: Compensation increases include $1.00/hr raise for entry-level employees third consecutive year and 4% salary range increases across the board
Management Discussion & Analysis
- • No revenue or net income dollar figures provided to assess YoY change
- • No explicit profitability or margin percentages disclosed for FY 2026 or FY 2025
- • No segment performance data or best/worst performers quantified
- • No cash flow, capital allocation, buybacks, dividends, or capex dollar amounts mentioned
- • Management highlights interest rate risk sensitivity with Net Interest Income impact: +200 bp prime increase could add $10.1M and 4.47% ROAE at Dec 31, 2025
- • Economic Value of Equity (EVE) would decline 5.3% or $90.4M with a 200 bp interest rate rise at Dec 31, 2025, within policy limits
- • Forward-looking risk: exposure to interest rate changes; EVE and net interest income highly sensitive to +/- 100-200 bp prime rate shifts
Risk Factors
- • Regulatory risk: OCC may prohibit dividends despite $54.5M available, if deemed unsafe or unsound practice
- • Macroeconomic exposure: $1.38B in unused lines of credit at Dec 31, 2025, including $675M commercial operating loans
- • Operational risk: Integration of $722.9M net loans from Blackhawk acquisition with $50.1M goodwill recorded
- • Market disruption: Rising interest rate volatility impacts $27.2M interest rate swap derivatives, affecting hedging effectiveness
- • Financial risk: $130.3M loans to related parties at Dec 31, 2025, down from $247.9M in prior year, concentration risk
FIRST MID BANCSHARES, INC. FY2025 Key Financial MetricsXBRL
Revenue
$373M
▲ +4.4% YoY
Net Income
$92M
▲ +16.3% YoY
Net Margin
24.6%
▲ +252bp YoY
ROE
9.6%
▲ +25bp YoY
Total Assets
$8.0B
▲ +5.9% YoY
EPS (Diluted)
$3.83
▲ +16.1% YoY
Operating Cash Flow
$131M
▲ +5.2% YoY
Source: XBRL data from FIRST MID BANCSHARES, INC. FY2025 10-K filing on SEC EDGAR. All figures in USD.
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