FMBH

First Mid Bancshares (FMBH) reported $108.49 million in revenue for the quarter ended June 2026, representing a year-over-year increase of 24.1%. EPS of $1.26 for the same period compares to $0.99 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $106.05 million, representing a surprise of +2.3%. The company delivered an EPS surprise of +12.5%, with the consensus EPS estimate being $1.12. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. Here is how First Mid Bancshares performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Net interest margin: 3.8% versus 3.8% estimated by three analysts on average. Average Earning Assets: $8.52 billion versus $8.46 billion estimated by two analysts on average. Non-interest Income: $28.83 million versus $26.5 million estimated by three analysts on average. Other: $2.62 million compared to the $2.2 million average estimate based on two analysts. Net Interest Income (FTE): $80.46 million versus the two-analyst average estimate of $80.6 million. Net Interest Income: $79.66 million versus the two-analyst average estimate of $79.31 million. ATM/debit card revenue: $4.8 million versus the two-analyst average estimate of $4.37 million. Wealth management revenues: $8.21 million versus the two-analyst average estimate of $6.68 million. Insurance commissions: $8.87 million versus $8.18 million estimated by two analysts on average. Service charges: $3.46 million compared to the $3.28 million average estimate based on two analysts. Mortgage banking revenues: $0.81 million versus the two-analyst average estimate of $1.12 million. View all Key Company Metrics for First Mid Bancshares here>>> Shares of First Mid Bancshares have returned +1.9% over the past month versus the Zacks S&P 500 composite's +0.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report First Mid Bancshares, Inc. (FMBH) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

First Mid Bancshares (FMBH) came out with quarterly earnings of $1.26 per share, beating the Zacks Consensus Estimate of $1.12 per share. This compares to earnings of $0.99 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +12.50%. A quarter ago, it was expected that this bank holding company would post earnings of $1.03 per share when it actually produced earnings of $1.14, delivering a surprise of +10.68%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. First Mid Bancshares, which belongs to the Zacks Banks - Northeast industry, posted revenues of $108.49 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 2.30%. This compares to year-ago revenues of $87.46 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. First Mid Bancshares shares have added about 24.4% since the beginning of the year versus the S&P 500's gain of 9.6%. While First Mid Bancshares has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for First Mid Bancshares was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.12 on $106.95 million in revenues for the coming quarter and $4.58 on $419.1 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Northeast is currently in the top 37% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the same industry, BCB Bancorp (BCBP), is yet to report results for the quarter ended June 2026. The results are expected to be released on August 3. This community bank is expected to post quarterly earnings of $0.25 per share in its upcoming report, which represents a year-over-year change of +38.9%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. BCB Bancorp's revenues are expected to be $25.53 million, up 1.4% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report First Mid Bancshares, Inc. (FMBH) : Free Stock Analysis Report BCB Bancorp, Inc. (NJ) (BCBP) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

MATTOON, Ill., July 23, 2026 (GLOBE NEWSWIRE) -- First Mid Bancshares, Inc. (NASDAQ: FMBH) (the “Company”) today announced its financial results for the quarter ended June 30, 2026. Highlights Net income of $27.8 million, or $1.04 diluted EPS Adjusted quarterly net income* of $33.4 million, or $1.26 diluted EPS Successfully completed the bank merger of Two Rivers Bank & Trust (“Two Rivers”) into First Mid Bank & Trust (“First Mid”) Total loans of $6.93 billion, quarterly decrease of $9.9 million Total deposits of $7.57 billion, quarterly increase of $23.9 million Tangible book value per share* increased 3.7% during the quarter to $31.15 Net interest margin, tax equivalent* expanded to 3.79%, quarterly increase of 1 basis point Quarterly adjusted return on average assets* of 1.45% Repurchased 21,872 shares and the Board of Directors declared a $0.01 increase in the quarterly dividend to $0.26 per share “First Mid delivered strong results for the period, highlighted by a record high quarter of earnings and a successful integration with Two Rivers. Despite the nonrecurring expenses tied to the integration, we grew our tangible book value at a solid pace and continued to deploy capital to build long-term shareholder value through opportunistic share repurchases, increasing our dividend, and paying off higher cost subordinated debt. The employees and customers of Two Rivers have embraced us like no other and I am really excited about our future,” said Matthew Smith, Chief Executive Officer. Net Interest Income Net interest income for the second quarter of 2026 was $79.7 million, an increase of $8.9 million compared to the first quarter of 2026. The increase was primarily driven by the inclusion of two additional months of Two Rivers’ results as compared to the first quarter, repricing benefits from retention of maturing loans at higher rates, and prudent deployment and management of cash coming off the investment portfolio and on the balance sheet. Accretion income for the second quarter was $3.8 million, an increase of $0.4 million compared to the prior quarter, primarily due to the additional months from Two Rivers. In comparison to the second quarter of 2025, net interest income increased $15.8 million, or 24.7%. Interest income was higher by $21.5 million, inclusive of a $0.4 million increase in accretion income. Interest expense was higher by $5.7 million compared to the second quarter of last year primarily from higher overall deposit balances including the addition of Two Rivers. Net Interest MarginNet interest margin, on a tax equivalent basis*, was 3.79% for the second quarter of 2026 representing an increase of 1 basis point over the prior quarter. The yield on earning assets improved by 9 basis points for the second quarter while the average cost of funds increased 8 basis points with the additional months from Two Rivers and overall deposit pricing competition. Loan Portfolio Total loans ended the quarter at $6.93 billion, representing a decrease of $9.9 million for the quarter on a combination of elevated payoffs and disciplined pricing decisions. The decrease for the quarter was primarily in multifamily residential properties and agricultural operating loans. The decline in the multifamily portfolio primarily occurred from collateral sales and subsequent payoffs. Both declines occurred in legacy markets and were not Two Rivers related. The Iowa loan portfolio balances have remained steady. Asset Quality Asset quality for the quarter was consistent with the prior period as the allowance for credit losses (“ACL”) ended the period at $87.0 million and the ACL to total loans ratio was 1.25%, which was in line with the first quarter of 2026. In addition to the overall ACL, an unearned discount of $40.9 million remains at quarter end. Provision expenses were recorded in the amount of $1.5 million and net charge-offs totaled $1.4 million during the quarter. Overall criticized assets declined by $9.7 million during the quarter. Special mention loans decreased by $40.5 million to $139.2 million. Substandard loans increased by $30.8 million to $139.9 million. The migration from special mention to substandard was primarily from downgrades in the agricultural segment. This continues to be driven by strained cash flows; however borrower balance sheets remain strong, with no significant losses anticipated from this segment. At the end of the second quarter, non-performing loans totaled $41.3 million, a decrease of $2.8 million during the quarter. The ratio of non-performing loans to total loans was 0.60%, which was a decrease from 0.63% in the prior quarter. The ACL to non-performing loans ratio was 211%, an increase from the prior quarter primarily from the decline in non-performing loans in the quarter. The ratio of non-performing assets to total assets decreased from 0.53% in the prior quarter to 0.51% in the current period. DepositsTotal deposits ended the quarter at $7.57 billion, which represented an increase of $23.9 million from the prior quarter. Money market accounts had the largest growth compared to the prior quarter with a $66.4 million increase. The average cost of interest-bearing deposits for the quarter was 1.98%, an increase of 8 basis points from the end of the previous quarter, partially due to two additional months of Two Rivers as well as continued deposit pricing competition. Non-Interest IncomeNon-interest income for the second quarter of 2026 was $28.8 million compared to $26.4 million in the prior quarter and $23.6 million in the second quarter of 2025. Wealth management revenues for the quarter were $8.2 million. Revenues increased $1.8 million compared to the first quarter which included two additional months of Two Rivers wealth management revenues. Overall Ag Services revenue was $1.9 million in the period compared to $2.5 million in the prior quarter and $2.3 million in the second quarter of 2025. Insurance commissions for the quarter were $8.9 million, which was an increase of $1.0 million compared to the second quarter of 2025. Second quarter insurance commissions were $1.9 million lower than the first quarter due to the seasonality of contingent revenues. Non-Interest ExpensesNon-interest expense for the second quarter of 2026 totaled $70.6 million compared to $60.7 million in the first quarter of 2026. During the quarter, acquisition-related expenses related to Two Rivers totaled $7.1 million. In addition to one-time merger-related expenses, the Company’s annual merit and promotional cycle occurred in April leading to an increase in salaries and benefits expense. The Company’s efficiency ratio*, as adjusted in the non-GAAP reconciliation table herein, for the second quarter of 2026 was 54.39% compared to 55.86% in the prior quarter and 58.09% for the same period last year. Capital Levels and DividendThe Company’s capital levels remained strong and above the “well capitalized” levels. Capital levels ended the period as follows: Tangible book value per share* increased $1.11, or 3.7% during the second quarter of 2026. The increase was driven by earnings and a decrease of $3.9 million in the unrealized loss position in the Company’s investment portfolio. During the quarter, the Company paid off $27.5 million of subordinated debt with $7.5 million in cash on hand and $20.0 million from a new term note financed at a lower rate. The Company’s Board of Directors approved an increase of $0.01 to its quarterly dividend to $0.26 payable on September 1st, 2026 to the shareholders of record as of August 18th, 2026. About First Mid: First Mid Bancshares, Inc. (“First Mid”) is the parent company of First Mid Bank & Trust, N.A., First Mid Insurance Group, Inc., and First Mid Wealth Management Co. First Mid is a $9.2 billion community-focused organization that provides a full-suite of financial services including banking, wealth management, brokerage, Ag services, and insurance through a sizeable network of locations throughout Illinois, Missouri, Texas, Wisconsin, and Iowa and a loan production office in the greater Indianapolis area. Together, our First Mid team takes great pride in providing solutions and services to the customers and communities and has done so over the last 160 years. More information about the Company is available on our website at www.firstmid.com. *Non-GAAP Measures: In addition to reports presented in accordance with generally accepted accounting principles (“GAAP”), this release contains certain non-GAAP financial measures. The Company believes that such non-GAAP financial measures provide investors with information useful in understanding the Company’s financial performance. Readers of this release, however, are urged to review these non-GAAP financial measures in conjunction with the GAAP results as reported. These non-GAAP financial measures are detailed as supplemental tables and include “Adjusted Net Income,” “Adjusted Diluted EPS,” “Efficiency Ratio,” “Net Interest Margin, tax equivalent,” “Tangible Book Value per Common Share,” “Adjusted Tangible Book Value per Common Share,” “Adjusted Return on Average Assets,” and “Adjusted Return on Average Common Equity”. Refer to non-GAAP reconciliation tables herein for reconciliation to comparable GAAP measures. While the Company believes these non-GAAP financial measures provide investors with a broader understanding of the capital adequacy, funding profile and financial trends of the Company, this information should be considered as supplemental in nature and not as a substitute to the related financial information prepared in accordance with GAAP. These non-GAAP financial measures may also differ from the similar measures presented by other companies. Forward Looking StatementsThis document may contain certain forward-looking statements about First Mid Bancshares, Inc. (the “Company”), such as discussions of the completed merger of Two Rivers Bank & Trust (“Two Rivers”) into First Mid Bank & Trust (“First Mid”), the Company’s pricing and fee trends, credit quality and outlook, liquidity, new business results, expansion plans, anticipated expenses, capital management, and planned schedules. The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Forward-looking statements, which are based on certain assumptions and describe future plans, strategies and expectations of the Company, are identified by use of the words “believe,” “expect,” “intend,” “anticipate,” “estimate,” “project,” or similar expressions. Actual results could differ materially from the results indicated by these statements because the realization of those results is subject to many risks and uncertainties, including, among other things, changes in interest rates; general economic conditions and those in the market areas of the Company and First Mid; legislative and/or regulatory changes; monetary and fiscal policies of the U.S. Government, including policies of the U.S. Treasury and the Federal Reserve Board; the quality or composition of the Company’s loan or investment portfolios and the valuation of those investment portfolios; demand for loan products; deposit flows; competition; demand for financial services in the market areas of the Company and First Mid; and accounting principles, policies and guidelines. Additional information concerning the Company, including additional factors and risks that could materially affect the Company’s financial results, is included in the Company’s filings with the SEC, including its Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q. Forward-looking statements speak only as of the date they are made. Except as required under the federal securities laws or the rules and regulations of the SEC, the Company does not undertake any obligation to update or review any forward-looking information, whether as a result of new information, future events or otherwise. Investor Contact: Austin FrankSVP, Director of Investor Relations217-258-5522 [email protected] Jordan ReadChief Financial and Risk [email protected] – Tables Follow –

Wall Street expects a year-over-year increase in earnings on higher revenues when First Mid Bancshares (FMBH) reports results for the quarter ended June 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report. On the other hand, if they miss, the stock may move lower. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise. This bank holding company is expected to post quarterly earnings of $1.12 per share in its upcoming report, which represents a year-over-year change of +13.1%. Revenues are expected to be $106.05 million, up 21.3% from the year-ago quarter. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change. Price, Consensus and EPS Surprise Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only. A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). For First Mid Bancshares, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -0.89%. On the other hand, the stock currently carries a Zacks Rank of #3. So, this combination makes it difficult to conclusively predict that First Mid Bancshares will beat the consensus EPS estimate. While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number. For the last reported quarter, it was expected that First Mid Bancshares would post earnings of $1.03 per share when it actually produced earnings of $1.14, delivering a surprise of +10.68%. Over the last four quarters, the company has beaten consensus EPS estimates three times. An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. First Mid Bancshares doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report First Mid Bancshares, Inc. (FMBH) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

On April 29, 2026, First Mid Bancshares announced first-quarter results showing higher net interest income and net income year over year, alongside a regular US$0.25 quarterly dividend and modest share repurchases. On the same day, the company unveiled a board-led succession plan that will see President Matthew K. Smith become CEO in July 2026, while long-serving leader Joseph R. Dively moves to Executive Chairman, signaling a focus on continuity in both governance and risk oversight. We will now examine how this leadership transition, combined with earnings growth, shapes First Mid Bancshares’ investment narrative for investors. Uncover the next big thing with 24 elite penny stocks that balance risk and reward. To own First Mid Bancshares, you need to be comfortable with a straightforward community banking story built on consistent profitability, a regular US$0.25 quarterly dividend, and a bank-like valuation that screens as inexpensive against some models. The latest quarter’s higher net interest income and net income, alongside modest buybacks, reinforce earnings quality as a short term catalyst, even if the tiny repurchase volume is unlikely to move the needle. The bigger new factor is governance: the planned July 2026 handover from long-time CEO Joseph Dively to President (and former CFO) Matthew Smith looks structured for continuity, with Dively staying on as Executive Chairman and Smith joining the Risk Committee. That setup may temper leadership risk, but it does not remove broader concerns around low return on equity, forecast revenue declines, and credit quality trends. But there is one emerging risk here that shareholders should not overlook. First Mid Bancshares' shares have been on the rise but are still potentially undervalued. Find out how large the opportunity might be. Investors in the Simply Wall St Community currently offer a single, very large fair value estimate around US$83,504.09 for First Mid Bancshares, which underlines how far individual views can stray from recent pricing. Set that against today’s leadership transition and soft revenue outlook, and it becomes clear why you may want to weigh several contrasting opinions before deciding how this bank fits into your portfolio. Explore another fair value estimate on First Mid Bancshares - why the stock might be worth just $83504! Disagree with this assessment? Extraordinary investment returns rarely come from following the herd, so go with your instincts. A great starting point for your First Mid Bancshares research is our analysis highlighting 3 key rewards and 1 important warning sign that could impact your investment decision. Our free First Mid Bancshares research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate First Mid Bancshares' overall financial health at a glance. Our daily scans reveal stocks with breakout potential. Don't miss this chance: Outshine the giants: these 19 early-stage AI stocks could fund your retirement. AI is about to change healthcare. These 32 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10b in market cap - there's still time to get in early. Find 44 companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include FMBH. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

Get insights on thousands of stocks from the global community of over 7 million individual investors at Simply Wall St. First Mid Bancshares (FMBH) drew fresh attention after outlining a planned CEO transition to Matthew K. Smith effective July 1, 2026, alongside first quarter results that showed higher net interest income and net income. See our latest analysis for First Mid Bancshares. The stock has moved to US$43.66 with a 1 day share price return of 1.39% and a 13.02% share price return year to date. The 1 year total shareholder return of 24.61% and 3 year total shareholder return of 109.46% point to momentum that has built over a longer period. If you are looking beyond regional banks and want more ideas after this CEO transition news, this is a good moment to check out 19 top founder-led companies With the stock at US$43.66, a reported intrinsic discount of 52% and a 12% gap to the current analyst target, the real question is whether investors are seeing a genuine value opportunity or a market already pricing in future growth? First Mid Bancshares is trading on a P/E of 12.1x, which sits between a cheaper level than close peers but slightly higher than the broader US banks industry. The P/E ratio compares the current share price with earnings per share, so it indicates how much investors are paying for each dollar of earnings. For a bank like First Mid Bancshares, where profits and return on equity matter more than rapid revenue expansion, this is a common yardstick investors watch closely. On one side, the stock looks inexpensive against a peer average P/E of 14.9x and the estimated fair P/E of 13x, which points to some headroom if the market were to align pricing with that fair ratio. On the other side, the P/E is a touch higher than the wider US banks average of 11.3x. This suggests investors are already assigning a modest premium, possibly reflecting the 12.7% yearly earnings growth over the past 5 years and the 19% recent earnings growth. Explore the SWS fair ratio for First Mid Bancshares Result: Price-to-Earnings of 12.1x (ABOUT RIGHT) However, the story could still change quickly if revenue contraction persists or if the CEO transition in 2026 creates uncertainty around execution and capital priorities. Find out about the key risks to this First Mid Bancshares narrative. While the P/E of 12.1x suggests the stock sits between peer value and a slight industry premium, the SWS DCF model tells a stronger story. It shows an indicated value of $91.39 per share versus the current $43.66. That points to a sizeable gap, but can cash flow assumptions really carry that much weight? Look into how the SWS DCF model arrives at its fair value. Simply Wall St performs a discounted cash flow (DCF) on every stock in the world every day (check out First Mid Bancshares for example). We show the entire calculation in full. You can track the result in your watchlist or portfolio and be alerted when this changes, or use our stock screener to discover 51 high quality undervalued stocks. If you save a screener we even alert you when new companies match - so you never miss a potential opportunity. Seen enough to sense that opinions could go either way here? This is the moment to check the full balance of risks and rewards via 3 key rewards and 1 important warning sign Before moving on, give yourself the chance to line up a few more potential opportunities using the Simply Wall Street Screener so you are not relying on a single stock story. Target quality at a discount by scanning for companies that combine earnings strength with attractive prices through the 51 high quality undervalued stocks. Strengthen your income stream by filtering for companies that offer robust payouts with the 13 dividend fortresses. Prioritise resilience by focusing on companies with healthier finances and lower risk profiles using the 72 resilient stocks with low risk scores. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include FMBH. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

MATTOON, Ill., April 29, 2026 (GLOBE NEWSWIRE) -- First Mid Bancshares, Inc. (NASDAQ: FMBH) (the “Company”) today announced its financial results for the quarter ended March 31, 2026. Highlights Net income of $26.3 million, or $1.06 diluted EPS Adjusted quarterly net income* of $28.4 million, or $1.14 diluted EPS Closed on the acquisition of Two Rivers Financial Group, Inc. (“Two Rivers”) and its wholly owned subsidiary Two Rivers Bank & Trust (“Two Rivers Bank”), adding $871.4 million in loans, net of the interest rate fair value marks and $1.04 billion in deposits, net of the time deposit marks, at closing Total loans of $6.94 billion, quarterly increase of $932.9 million Total deposits of $7.55 billion, quarterly increase of $1.15 billion Tangible book value per common share* increased 2.1% during the quarter to $30.04 Net interest margin, tax equivalent* expanded to 3.78%, quarterly increase of 5 basis points Repurchased 12,686 shares and the Board of Directors declared regular quarterly dividend of $0.25 per share “We are pleased to start the year with such strong financial results, highlighted by record quarterly earnings per share and net income. We continue to build on the momentum of 2025 and are excited to welcome the new customers and talented employees following our acquisition of Two Rivers. The integration efforts for the merger of the banks are progressing as expected, and we remain confident that the strategic combination will enhance shareholder value as we continue to diversify our footprint into Iowa,” said Joseph Dively, Chairman and CEO. “The quarter reflected solid organic growth in both loans and deposits in what has historically been a seasonally soft period. The team remains diligent when pricing both sides of the balance sheet and, with the continued benefit from the repricing of our loan and investment portfolios, delivered an increase to net interest margin despite the anticipated dilution from Two Rivers. In addition, we were able to take advantage of our strong capital position and market volatility during the quarter by repurchasing $0.5 million of shares. We remain committed to deploying capital where it generates the highest long-term return for our shareholders,” said Matthew Smith, President. Two Rivers Update The Company closed on its acquisition of Two Rivers on February 28th, 2026 and has filed its application to merge Two Rivers Bank with and into First Mid Bank & Trust. Pending regulatory approval, the merger is scheduled for completion late in the second quarter. With the closing of the acquisition, the Company added approximately $1.04 billion in deposits, net of time deposit marks and $871.4 million in loans, net of the interest rate fair value marks. The purchase accounting fair value marks included a total discount to loans of $35.6 million, of which $10.8 million was recognized for the “Day One” allowance for credit losses. The valuation marks included a discount to long-term debt of $0.8 million and time deposits of $0.1 million. The core deposit intangible fair value mark was $21.2 million. A customer list intangible was recognized in relation to Two Rivers Bank’s trust business totaling approximately $5.0 million. Immediately following the acquisition, the Company sold all of Two Rivers Bank’s investment portfolio for proceeds totaling $168.2 million. A total of $105.0 million of these funds were reinvested during March at higher rates, with the remaining balance retained in cash. Net Interest Income Net interest income for the first quarter of 2026 was $70.8 million, an increase of $4.3 million compared to the fourth quarter of 2025. The increase was driven by loan growth and repricing benefits combined with disciplined management of funding costs. Two Rivers contributed $3.1 million of net interest income for March. Accretion income for the first quarter was $3.4 million, an increase of $0.8 million compared to the prior quarter, primarily due to higher accelerated accretion from acquired loans including the addition of Two Rivers. In comparison to the first quarter of 2025, net interest income increased $11.4 million, or 19.1%. Interest income was higher by $13.1 million, inclusive of an increase in accretion income of $0.5 million. Interest expense was higher by $1.7 million compared to the first quarter of last year primarily from higher overall deposit balances and an increase in expenses on other borrowings including those acquired from Two Rivers. Net Interest Margin Net interest margin, tax equivalent*, was 3.78% for the first quarter of 2026 representing an increase of 5 basis points over the prior quarter. The yield on earning assets improved by 1 basis point during the first quarter while the average cost of funds saw a decline of 4 basis points. Loan Portfolio Total loans ended the quarter at $6.94 billion, representing an increase of $932.9 million. Excluding the Two Rivers acquired loans, loan balances increased $65.3 million, or 1.1% for the quarter. The increase for the quarter excluding Two Rivers was primarily in commercial real estate and agricultural operating loans. The remainder of the loan segment increases were primarily driven by the addition of the Two Rivers portfolio. Asset Quality Asset quality was solid for the quarter as the allowance for credit losses (“ACL”) ended the period at $86.8 million and the ACL to total loans ratio was 1.25%, which was in line with the fourth quarter of 2025. Two Rivers was assigned a “Day One” ACL of $10.8 million. In addition to the overall ACL, an unearned discount of $44.9 million remains at quarter end. Provision expense was recorded in the amount of $2.6 million during the quarter with growth in the loan portfolio and net charge-offs of $1.5 million. The Company continued to see credit risk rating normalization during the quarter from historical lows, primarily in the agricultural segment. While cashflows in this segment continue to be pressured, our borrowers’ balance sheets overall remain strong with equity from real estate and equipment. Given the balance sheet strength and the active management of the portfolio, the Company does not currently expect significant losses from the agricultural credit downgrades. At the end of the first quarter, non-performing loans totaled $44.1 million, an increase of $12.1 million during the quarter. The Two Rivers portfolio accounted for $11.0 million of this increase. The ratio of non-performing loans to total loans was 0.63%, which was an increase from the prior quarter primarily from the addition of Two Rivers. The ACL to non-performing loans ratio was 197%, a decrease from the prior quarter primarily from the additional non-performing loans added from Two Rivers. The ratio of non-performing assets to total assets increased from 0.44% in the prior quarter to 0.53%. Special mention loans increased by $59.1 million to $179.6 million. The addition of Two Rivers added $13.2 million of special mention loans. The additional increase of $45.9 million was primarily driven by agricultural credit downgrades. Substandard loans increased $29.2 million to $109.1 million. The addition of Two Rivers added $16.6 million of substandard loans. The additional increase of $12.6 million was primarily from five different relationships, three of which are agricultural credits totaling $9.4 million. Deposits Total deposits ended the quarter at $7.55 billion, which represented an increase of $1.15 billion from the prior quarter. Excluding the Two Rivers acquired deposits, deposits grew $100.4 million during the quarter with interest bearing demand deposits driving the increase with a seasonal inflow at quarter-end. The average cost of funds for the quarter ended at 1.67%, a decrease of 4 basis points from the end of the previous quarter. Non-Interest Income Non-interest income for the first quarter of 2026 was $26.4 million compared to $21.7 million in the prior quarter and $24.9 million in the first quarter of 2025. Two Rivers contributed $0.9 million in non-interest income for the month of March. The Company recorded a write-down of other investments during the quarter totaling $0.5 million. Wealth management revenues for the quarter were $6.4 million, which was a decrease of $0.2 million from the prior quarter and an increase of $0.6 million from the first quarter of 2025. Two Rivers wealth management contributed $0.4 million of wealth management revenues for the month of March (included in the $0.9 million referenced above). Overall Ag Services revenue was $2.5 million in the period compared to $2.9 million in the prior quarter and $2.6 million in the first quarter of 2025. Insurance commissions for the quarter were a record high of $10.8 million, which was an increase of $3.4 million compared to the fourth quarter of 2025 and $0.9 million compared to the first quarter of 2025. The first quarter includes contingent revenues on the insurance book of business and the year-over-year increase was driven by continued organic growth and performance of acquired books of business. Non-Interest Expenses Non-interest expense for the first quarter of 2026 totaled $60.7 million compared to $55.9 million in the fourth quarter of 2025 and $54.5 million in the first quarter of 2025. During the quarter, acquisition-related expenses related to Two Rivers totaled $2.1 million. Two Rivers added $2.8 million in total non-interest expenses post-acquisition. Amortization of intangible assets increased $0.3 million from the fourth quarter of 2025 primarily from the addition of the Two Rivers intangible assets. The Company’s efficiency ratio*, as adjusted in the non-GAAP reconciliation table herein, for the first quarter of 2026 was 55.86% compared to 57.55% in the prior quarter and 58.88% for the same period last year. Capital Levels and Dividend The Company’s capital levels remained strong and above the “well capitalized” levels. Capital levels ended the period as follows: Tangible book value per common share* increased $0.62, or 2.1% during the first quarter of 2026. The increase was driven by earnings. An increase of $7.4 million related to the unrealized loss position in the Company’s investment portfolio provided headwinds to this increase in tangible book value per common share. The Company’s Board of Directors approved its regular quarterly dividend of $0.25 payable on June 1st, 2026 to the shareholders of record as of May 15th, 2026. About First Mid: First Mid Bancshares, Inc. (“First Mid”) is the parent company of First Mid Bank & Trust, N.A., First Mid Insurance Group, Inc., First Mid Wealth Management Co., and Two Rivers Bank & Trust. First Mid is a $9.3 billion community-focused organization that provides a full-suite of financial services including banking, wealth management, brokerage, Ag services, and insurance through a sizeable network of locations throughout Illinois, Missouri, Texas, Wisconsin, and Iowa and a loan production office in the greater Indianapolis area. Together, our First Mid team takes great pride in providing solutions and services to the customers and communities and has done so over the last 160 years. More information about the Company is available on our website at www.firstmid.com. *Non-GAAP Measures: In addition to reports presented in accordance with generally accepted accounting principles (“GAAP”), this release contains certain non-GAAP financial measures. The Company believes that such non-GAAP financial measures provide investors with information useful in understanding the Company’s financial performance. Readers of this release, however, are urged to review these non-GAAP financial measures in conjunction with the GAAP results as reported. These non-GAAP financial measures are detailed as supplemental tables and include “Adjusted Quarterly Net Income,” “Adjusted Diluted EPS,” “Efficiency Ratio,” “Net Interest Margin, tax equivalent,” “Tangible Book Value per Common Share,” “Adjusted Tangible Book Value per Common Share,” “Adjusted Return on Assets,” and “Adjusted Return on Average Common Equity”. Refer to non-GAAP reconciliation tables herein for reconciliation to comparable GAAP measures. While the Company believes these non-GAAP financial measures provide investors with a broader understanding of the capital adequacy, funding profile and financial trends of the Company, this information should be considered as supplemental in nature and not as a substitute to the related financial information prepared in accordance with GAAP. These non-GAAP financial measures may also differ from the similar measures presented by other companies. Forward Looking Statements This document may contain certain forward-looking statements about First Mid, such as discussions of First Mid’s pricing and fee trends, credit quality and outlook, liquidity, new business results, expansion plans, anticipated expenses and planned schedules. First Mid intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Forward-looking statements, which are based on certain assumptions and describe future plans, strategies and expectations of First Mid are identified by use of the words “believe,” “expect,” “intend,” “anticipate,” “estimate,” “project,” or similar expressions. Actual results could differ materially from the results indicated by these statements because the realization of those results is subject to many risks and uncertainties, including, among other things, the possibility that any of the anticipated benefits of the proposed transactions between First Mid and Two Rivers will not be realized within the expected time period; the risk that integration of the operations of Two Rivers with First Mid will be materially delayed or will be more costly or difficult than expected; the effect of the announcement of the proposed transactions on customer relationships and operating results; the possibility that the proposed transactions may be more expensive to complete than anticipated, including as a result of unexpected factors or events; changes in interest rates; general economic conditions and those in the market areas of First Mid; legislative and/or regulatory changes; monetary and fiscal policies of the U.S. Government, including policies of the U.S. Treasury and the Federal Reserve Board; the quality or composition of First Mid’s loan or investment portfolios and the valuation of those investment portfolios; demand for loan products; deposit flows; competition, demand for financial services in the market areas of First Mid; accounting principles, policies and guidelines; or any of the other foregoing risks. Additional information concerning First Mid, including additional factors and risks that could materially affect First Mid’s financial results, are included in First Mid’s filings with the SEC, including its Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q. Forward-looking statements speak only as of the date they are made. Except as required under the federal securities laws or the rules and regulations of the SEC, First Mid does not undertake any obligation to update or review any forward-looking information, whether as a result of new information, future events or otherwise. Investor Contact: Austin Frank SVP, Director of Investor Relations 217-258-5522 [email protected] Jordan Read Chief Financial and Risk Officer 217-258-3528 [email protected] – Tables Follow –

First Mid Bancshares (FMBH) came out with quarterly earnings of $1.14 per share, beating the Zacks Consensus Estimate of $1.03 per share. This compares to earnings of $0.96 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +11.11%. A quarter ago, it was expected that this bank holding company would post earnings of $1.06 per share when it actually produced earnings of $1.06, delivering no surprise. Over the last four quarters, the company has surpassed consensus EPS estimates three times. First Mid Bancshares, which belongs to the Zacks Banks - Northeast industry, posted revenues of $97.23 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 0.59%. This compares to year-ago revenues of $84.27 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. First Mid Bancshares shares have added about 12.2% since the beginning of the year versus the S&P 500's gain of 4.3%. While First Mid Bancshares has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for First Mid Bancshares was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.09 on $105.35 million in revenues for the coming quarter and $4.49 on $415.7 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Northeast is currently in the top 35% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the broader Zacks Finance sector, Americold Realty Trust Inc. (COLD), has yet to report results for the quarter ended March 2026. The results are expected to be released on May 7. This company is expected to post quarterly earnings of $0.27 per share in its upcoming report, which represents a year-over-year change of -20.6%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Americold Realty Trust Inc.'s revenues are expected to be $613.63 million, down 2.4% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report First Mid Bancshares, Inc. (FMBH) : Free Stock Analysis Report Americold Realty Trust Inc. (COLD) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Norwood Financial Corp. (NWFL) came out with quarterly earnings of $0.72 per share, missing the Zacks Consensus Estimate of $0.81 per share. This compares to earnings of $0.63 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -11.11%. A quarter ago, it was expected that this company would post earnings of $0.85 per share when it actually produced earnings of $0.84, delivering a surprise of -1.18%. Over the last four quarters, the company has surpassed consensus EPS estimates just once. Norwood Financial, which belongs to the Zacks Banks - Northeast industry, posted revenues of $27.27 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 1.00%. This compares to year-ago revenues of $20.21 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Norwood Financial shares have added about 10% since the beginning of the year versus the S&P 500's gain of 4.7%. While Norwood Financial has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Norwood Financial was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.87 on $28 million in revenues for the coming quarter and $3.50 on $112.5 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Northeast is currently in the top 37% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, First Mid Bancshares (FMBH), has yet to report results for the quarter ended March 2026. This bank holding company is expected to post quarterly earnings of $1.08 per share in its upcoming report, which represents a year-over-year change of +12.5%. The consensus EPS estimate for the quarter has been revised 0.3% higher over the last 30 days to the current level. First Mid Bancshares' revenues are expected to be $96.2 million, up 14.2% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Norwood Financial Corp. (NWFL) : Free Stock Analysis Report First Mid Bancshares, Inc. (FMBH) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research