First Mid Bancshares (FMBH)
Provides banking, insurance, wealth, brokerage, and farm services across regional U.S. markets.
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Offers community banking, insurance, wealth management, brokerage, and farm services through a Mattoon-rooted regional platform. Lending remains the core revenue engine, with acquisitions and cross-selling extending the footprint across its U.S. markets.
Operates through First Mid Bank & Trust and affiliated insurance, wealth, brokerage, and farm-services businesses. The platform serves community-bank customers across Illinois, Iowa, Missouri, Texas, and Wisconsin, with an Indiana loan-production presence.
Combines relationship banking with adjacent fee businesses that can be offered to the same household, business, or agricultural client. Recent expansion has been acquisition-led, adding banks, insurance relationships, and farm-management customer lists to widen the franchise.
The business depends on loan demand and credit quality in its markets, deposit costs and retention, interest-rate conditions, bank regulation, cybersecurity controls, and the execution of acquired operations.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jul 28, 2026 | Piper Sandler | Reiterate | Rating: —Target: $55 | Target: $62.50 |
| Jul 27, 2026 | DA Davidson | Reiterate | Rating: —Target: $47 | Target: $54 |
| May 4, 2026 | DA Davidson | Reiterate | Rating: —Target: $46 | Target: $47 |
| May 1, 2026 | Raymond James | Target | Target: — | Target: $48 |
| May 1, 2026 | Piper Sandler | Reiterate | Rating: —Target: $48 | Target: $55 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $1.59B · Total debt $612.0M · Total assets $9.21B · Shareholders' equity $1.10B
- Revenue
- $114.9M
- Operating income
- $7.5M
- Net income
- $27.8M
HistoryDividendAnnual yield
| Institutions | ≈ 56.44% | 15.02M shares | |
|---|---|---|---|
| 171 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 6.60% | 1.76M shares | |
| 25 holders · as of Jul 6, 2026 | |||
| Other | ≈ 36.96% | 9.84M shares | |
| remainder | |||
26.62M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 8.93% | 2.38M | as of Jun 30, 2026 |
Ballentine Partners, LLCInstitution | 6.28% | 1.67M | as of Jun 30, 2026 |
Dimensional Fund Advisors LPInstitution | 4.39% | 1.17M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 4.03% | 1.07M | as of Jun 30, 2026 |
Elizabeth L. CelioInsider | 3.90% | 1.04M | filed Sep 20, 2023 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Dec 24, 2025 | Clay M. Dean | officer: CEO-First Mid Insurance Group | −3,696 | $40.58 |
| Feb 20, 2026 | Stas R. Wolak | officer: EVP Chief Retail Banking Ofc. | −430 | $43.67 |
| Feb 17, 2026 | James Edwin Zimmer | director | +217 | $43.66 |
| Feb 4, 2026 | Bradley L. Beesley | officer: EVP, CEO First Mid Wealth Mgmt | −6,000 | $44.00 |
| Dec 18, 2025 | Clay M. Dean | officer: CEO-First Mid Insurance Group | −1,099 | $42.69 |
- First Busey
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- Heartland Bank
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- Old Second Bancorp
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- Wintrust Financial
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- Associated Banc-Corp
Wisconsin-based Midwest bank with Illinois, Iowa, and Missouri reach
CompareAfter hours
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| First Mid Bancshares | $49.21 | 0.00% | $1.32B | 12.3 | 10.3 | 2.9 | +26.7% |
| First Busey | $29.71 | −0.03% | $2.53B | 10.8 | 11.2 | 2.7 | −1.9% |
| Midland States Bancorp | $31.50 | −4.20% | $696.2M | 21.0 | 9.7 | 1.6 | −29.1% |
| Heartland Bank | $35.42 | 0.00% | $1.30B | 15.3 | 11.0 | 3.9 | +37.6% |
| QCR | $99.36 | −0.06% | $1.64B | 11.7 | 11.7 | 2.7 | +19.0% |
| Old Second Bancorp | $24.65 | +0.04% | $1.28B | 14.3 | 10.6 | 3.0 | +28.6% |
| Old National Bancorp | $25.03 | +0.02% | $9.66B | 11.1 | 9.2 | 2.4 | +12.3% |
| Wintrust Financial | $144.70 | +0.02% | $9.92B | 11.7 | 10.9 | 2.3 | +10.1% |
| Associated Banc-Corp | $29.02 | +0.02% | $5.54B | 10.3 | 9.2 | 2.2 | +22.7% |
| Median | 11.7 | 10.7 | 2.5 | +15.7% |