Overview

• Community bank's Q4 adjusted net income slightly beat analyst expectations

• Company's total loans increased 3.2% in Q4, driven by diversified growth

• Received regulatory approval for acquisition of Two Rivers Financial Group

Outlook

• Company anticipates closing Two Rivers acquisition in first quarter of 2026

• First Mid highlights improved platform for growth after technology projects

• Company emphasizes commitment to shareholder value through diversified income streams

Result Drivers

• LOAN GROWTH - First Mid Bancshares reported a 3.2% increase in total loans, driven by diversified growth in construction, land development, and commercial real estate

• TECHNOLOGY IMPLEMENTATION - The company completed key strategic technology projects, enhancing customer experience and operational efficiency

Key Details

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the banks peer group is "buy"

• Wall Street's median 12-month price target for First Mid Bancshares Inc is $46.00, about 9.4% above its January 28 closing price of $42.06

• The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release: ID:nGNX8gl00F

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)