First Mid Bancshares Achieves Record Quarterly Net Income of $23.7 Million

By Chris Stiles • Thursday, January 29 12:29 • Permanent Link

First Mid Bancshares, Inc. (NASDAQ: FMBH) has reported its financial results for the fourth quarter ended December 31, 2025. The company achieved a record high quarterly net income of $23.7 million, with adjusted quarterly net income reaching $25.3 million. This translated to a diluted EPS of $0.99 and $1.06, respectively. Total loans saw a quarterly increase of $187.3 million, or 3.2%, and a 6.0% increase for the year, reaching $6.01 billion. Total deposits also experienced growth, with a quarterly increase of $105.7 million, or 1.7%, and a yearly increase of 5.6%, totaling $6.40 billion.

Tangible book value per share increased by 4.3% during the quarter to $29.42 and by 20.3% for the year. The company also received regulatory approval for the acquisition of Two Rivers Financial Group, Inc. The board of directors declared a regular quarterly dividend of $0.25 per share.

Net interest income for the fourth quarter of 2025 was $66.5 million, an increase of $0.2 million compared to the third quarter of 2025. The net interest margin, on a tax equivalent basis, was 3.73% for the fourth quarter of 2025, representing a decrease of 7 basis points over the prior quarter.

Total loans ended the quarter at $6.01 billion, representing an increase of $187.3 million, or 3.2%, from the prior quarter. For the full year 2025, loan balances increased by $338.9 million, or 6.0%.

Asset quality remained strong, with the allowance for credit losses ending the period at $74.9 million, and the ACL to total loans ratio at 1.25%, in line with the third quarter of 2025.

Non-interest income for the fourth quarter of 2025 was $21.7 million, compared to $22.9 million in the prior quarter. Wealth management revenues for the quarter were $6.6 million, an increase of $1.4 million from the prior quarter.

Non-interest expense for the fourth quarter of 2025 totaled $55.9 million, compared to $57.1 million in the prior quarter. The company’s efficiency ratio for the fourth quarter of 2025 was 57.55%, compared to 58.75% in the prior quarter.

The company’s capital levels remained strong and above the “well capitalized” levels, with tangible book value per share increasing by 4.3% during the fourth quarter of 2025.

First Mid Bancshares, Inc. is a $8.0 billion community-focused organization that provides a full suite of financial services including banking, wealth management, brokerage, ag services, and insurance. Today the company's shares have moved 0.02% to a price of $41.51. For the full picture, make sure to review FIRST MID BANCSHARES, INC.'s 8-K report.

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