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10-K annual report · filed Feb 27, 2026

FIRST MID BANCSHARES, INC. (FMBH) FY2025 10-K Annual Report

FMBH overviewOriginal on SEC EDGAR
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FIRST MID BANCSHARES, INC. (FMBH) filed its fiscal 2025 10-K annual report with the SEC on Feb 27, 2026. It reported revenue of $373M (+4.4% year over year) and net income of $92M.

  • Top risk flagged: Regulatory risk: OCC may prohibit dividends despite $54.5M available, if deemed unsafe or unsound practice

FY2025 key financial metrics · XBRL

Revenue
$373M
+4.4% YoY
Net income
$92M
+16.3% YoY
EPS (diluted)
$3.83
+16.1% YoY
ROE
9.6%
+0.2 pp YoY
Operating cash flow
$131M
+5.2% YoY

Source: XBRL data from the FIRST MID BANCSHARES, INC. (FMBH) FY2025 10-K on SEC EDGAR. USD.

FIRST MID BANCSHARES, INC. FY2025 10-K analysis

AI summary of each section, grounded in the filing text

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 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

Generated from the filing text; verify against the original. How to read a 10-K

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