STOCK TITAN

First Mid Bancshares, Inc. - FMBH STOCK NEWS

Welcome to our dedicated page for First Mid Bancshares news (Ticker: FMBH), a resource for investors and traders seeking the latest updates and insights on First Mid Bancshares stock.

First Mid Bancshares, Inc. (NASDAQ: FMBH) is a United States-based financial holding company that operates through its wholly-owned subsidiary, First Mid Bank & Trust. The company provides a broad range of financial services including community banking, wealth management, and insurance services. Headquartered in Illinois, First Mid is a community-focused organization with a significant presence across Illinois, Missouri, Texas, and Wisconsin, as well as a loan production office in the greater Indianapolis area.

First Mid Bank & Trust offers a variety of personal and business banking products aimed at making life easier for its customers. Their services include checking accounts with cost-saving benefits, competitive loan rates for mortgages, home equities, small businesses, and agricultural needs. The bank also provides convenient online and mobile banking options, allowing customers to manage their finances with ease. With a network of locations in 37 communities, First Mid is committed to providing financial security for every stage of life.

In addition to traditional banking services, First Mid Bancshares operates First Mid Insurance Group and First Mid Wealth Management Co. First Mid Insurance Group offers a wide range of insurance products, including commercial property and casualty, personal property and casualty, group medical plans, and individual health insurance. The company's wealth management division provides comprehensive financial planning, investment management, and retirement planning services.

First Mid Bancshares has recently completed several strategic acquisitions to enhance its service offerings. Notably, the acquisition of Blackhawk Bank and PGIB Insurance has strengthened its market position and broadened its product portfolio. These acquisitions have also contributed to significant growth in both loans and deposits, demonstrating the company's successful execution of its relationship-driven business model.

Financially, First Mid Bancshares maintains strong asset quality metrics and robust capital levels. As of the most recent quarter, the company's total loans reached $5.50 billion, and deposits totaled $6.24 billion. The company continues to experience growth in net interest income and noninterest income, driven by strategic acquisitions and organic growth.

Overall, First Mid Bancshares, Inc. is a well-capitalized and diversified financial institution that continues to grow and adapt to meet the needs of its customers and communities. With a history spanning over 159 years, First Mid remains committed to providing exceptional financial services and maintaining strong relationships with its customers.

Rhea-AI Summary
First Mid Bancshares, Inc. reported strong financial results for the first quarter of 2024, with net income of $20.5 million and adjusted net income of $22.3 million. The company maintained strong asset quality, declared a quarterly dividend of $0.23 per share, and was recognized as a Top Workplace by USA Today. Despite a decrease in net interest income, the addition of Blackhawk positively impacted the overall performance. The loan portfolio decreased slightly, but asset quality metrics remained robust. Noninterest income reached a record high, driven by insurance revenues. The company's capital levels remained healthy, and a dividend of $0.23 per share was declared.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.2%
Tags
-
Rhea-AI Summary
First Mid Bancshares, Inc. (FMBH) reported strong financial results for Q4 2023 with net income of $18.1 million and adjusted net income of $22.4 million. The company completed the merger of Blackhawk Bank, sold additional bonds to reposition its balance sheet, and declared a regular quarterly dividend of $0.23 per share. Net interest income increased by $7.0 million, and the net interest margin was 3.33% for Q4 2023. Total loans increased to $5.58 billion, and asset quality remained strong. Noninterest income represented 31% of total net revenues, and noninterest expenses totaled $57.0 million. Capital levels remained strong, and the company approved a regular quarterly dividend of $0.23 per share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.11%
Tags
-
Rhea-AI Summary
First Mid Bancshares, Inc. announces Q3 2023 financial results, with net income of $15.1 million. Completed acquisition of Blackhawk Bancorp, Inc. Increased liquidity position and lowered loan to deposit ratio. Net interest margin improved to 3.06%. Bank merger and system conversion with Blackhawk scheduled for December.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.56%
Tags
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.9%
Tags
-
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.64%
Tags
-
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.9%
Tags
none
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.88%
Tags
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.22%
Tags
none
-
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.15%
Tags
none
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.94%
Tags
none

FAQ

What services does First Mid Bancshares, Inc. offer?

First Mid Bancshares, Inc. offers community banking, wealth management, and insurance services through its subsidiaries.

Where is First Mid Bancshares, Inc. located?

First Mid Bancshares, Inc. is headquartered in Illinois and has a significant presence across Illinois, Missouri, Texas, and Wisconsin, with a loan production office in the greater Indianapolis area.

What types of banking products does First Mid Bank & Trust provide?

First Mid Bank & Trust provides personal and business banking products, including checking accounts, loan rates for mortgages, home equities, small businesses, and agricultural needs, as well as online and mobile banking options.

What recent acquisitions has First Mid Bancshares completed?

First Mid Bancshares recently acquired Blackhawk Bank and PGIB Insurance to expand its service offerings and strengthen its market position.

How does First Mid Bancshares ensure financial security for its customers?

First Mid Bancshares offers a variety of financial products and services designed to meet the needs of its customers at every stage of life, ensuring financial security and convenience.

What are the key financial metrics for First Mid Bancshares?

As of the most recent quarter, First Mid Bancshares had total loans of $5.50 billion and total deposits of $6.24 billion, with strong net interest and noninterest income growth.

How does First Mid Bancshares contribute to community development?

First Mid Bancshares is deeply integrated into the communities it serves, offering tailored financial solutions and maintaining strong relationships to support local development and financial well-being.

What insurance products does First Mid Insurance Group offer?

First Mid Insurance Group offers a range of insurance products, including commercial property and casualty, personal property and casualty, group medical plans, and individual health insurance.

What is the history of First Mid Bancshares, Inc.?

First Mid Bancshares, Inc. has been serving its customers and communities for over 159 years, evolving and growing to provide comprehensive financial services.

Who can I contact for investor relations at First Mid Bancshares, Inc.?

For investor relations, you can contact Aaron Holt, VP of Shareholder Relations, at 217-258-0463 or by email at aholt@firstmid.com.

First Mid Bancshares, Inc.

Nasdaq:FMBH

FMBH Rankings

FMBH Stock Data

890.14M
23.90M
16.45%
41.55%
0.91%
Commercial Banking
Finance and Insurance
Link
United States of America
MATTOON