FIRST MID BANCSHARES DL 4

Shares of First Mid Bancshares rose to a record high of $49.05 and have a market capitalization of about $1.3 billion. Over the past year the stock gained 27.3%; the company is trading at a P/E ratio of 12.37 and a dividend yield of 2.08% and has paid uninterrupted dividends for 27 years. InvestingPro notes the stock may be overvalued versus its fair-value estimate; additionally, First Mid Bancshares announced a CEO change: Matthew K. Smith will assume the role of CEO and president on July 1, 2026, and Joseph R. Dively will become executive chairman. » More on de.investing.com

First Mid Bancshares names Matthew K. Smith chief executive officer and president effective July 1, 2026; he will also join the board of directors. Predecessor Joseph R. Dively will move to the role of executive chairman and remain responsible for strategy and M&A. Smith joined in 2016 as CFO, became president in June 2025 and grew the balance sheet from about $2.8 billion to $9.3 billion; the company has a market capitalization of $1.15 billion, a return on equity of 10% and a P/E ratio of 11.23. According to data, First Mid has paid dividends for 27 years and delivered a stock return of 32% last year. » More on de.investing.com

Shareholders of First Mid Bancshares have approved the acquisition of Two Rivers Financial Group, in which Two Rivers will be merged into the subsidiary Star Sub LLC and continue as a standalone unit. The merger, originally announced in October 2025, is subject to customary closing conditions; completion is expected at the end of February or in the first quarter of 2026. First Mid has already received the required regulatory approvals from the Federal Reserve Bank of Chicago and the Iowa Division of Banking and has adjusted its credit agreement with The Northern Trust Company to be merger-compliant. » More on de.investing.com

First Mid Bancshares entered into a tenth amendment to its $15 million revolving credit facility with The Northern Trust Company that governs certain aspects of the planned acquisition of Two Rivers Financial Group. The amendment will be included in the disclosure of direct financial obligations and off‑balance-sheet arrangements. First Mid also reports significant progress: key regulatory approvals have been received, and the merger is expected to close in the first quarter of 2026, subject to customary conditions. » More on de.investing.com

First Mid Bancshares has received approval from the Iowa Division of Banking for the planned acquisition of Two Rivers Financial Group. Approval from the Board of Governors of the Federal Reserve is still pending; closing is expected in the first quarter of 2026, subject to final regulatory approvals and closing conditions. First Mid will acquire 100% of Two Rivers’ shares, merge Two Rivers into Star Sub LLC, and has filed a registration statement on Form S-4 with the SEC. » More on de.investing.com