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Sep 30, 2025
First Mid Q3 2025 Earnings Report
First Mid Bancshares, Inc. announced its financial results for the third quarter of 2025, reporting solid financial and operating performance.
Key Takeaways
First Mid Bancshares, Inc. delivered a strong third quarter in 2025, with net income reaching $22.5 million and diluted EPS of $0.94. The company saw significant growth in net interest income, loans, and deposits, alongside strategic initiatives like a core operating system conversion and branch optimization. Adjusted net income and EPS also showed positive trends.
Net income for the quarter was $22.5 million, with diluted EPS of $0.94.
Adjusted quarterly net income was $23.3 million, or $0.97 diluted EPS.
Net interest margin (tax equivalent) expanded to 3.80%, marking the sixth consecutive quarter of growth in net interest income.
Total loans increased by $57.0 million to $5.82 billion, and total deposits grew by $99.3 million to $6.29 billion.
Revenue by Segment
Forward Guidance
First Mid Bancshares, Inc. is focused on strategic growth through acquisitions and efficiency improvements, with an emphasis on diversifying its footprint and enhancing digital services.
Positive Outlook
- Pending acquisition of Two Rivers Financial Group, Inc. to diversify footprint and enter Iowa.
- Pending acquisition of Ray Farm Management Services, Inc. to add approximately 9,000 acres under management.
- Completion of core operating system conversion expected to provide cost savings and process efficiencies.
- Completion of branch optimization project, closing 8 full-service branches, aligning with digital customer preferences.
- Continued focus on strategic plan to drive greater efficiency and future growth.
Challenges Ahead
- No specific negative forward guidance was explicitly stated in the report.
- Integration of acquired companies may be more costly or difficult than expected.
- Realization of anticipated benefits from acquisitions may not occur within expected timeframes.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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