Monitor integration of Two Rivers and asset quality trends, especially agricultural credits. The margin expansion and organic loan growth are positive, but NPL increase from the acquisition bears watching. Expect near-term stock strength on the earnings beat and improved efficiency.
Price Chart
Executive Summary
First Mid Bancshares reported record Q1 2026 net income of $26.3M ($1.06 diluted EPS), beating the $1.03 consensus by 2.9%. The quarter was highlighted by the successful closing of the Two Rivers acquisition on Feb 28, adding $871M in loans and $1.04B in deposits, while net interest margin expanded 5bp to 3.78%. Total revenue grew 15.4% YoY to $97.2M, driven by 19.1% net interest income growth.
Key Financial Metrics
Key Facts
- Record quarterly net income of $26.3M, up 18.7% YoY
- GAAP diluted EPS $1.06 vs consensus $1.03 (beat by 2.9%)
- Net interest margin tax-equivalent 3.78%, up 5bp QoQ and 18bp YoY
- Closed acquisition of Two Rivers on Feb 28, adding $871M loans and $1.04B deposits
- Tangible book value per share $30.04, up 2.1% QoQ
- Efficiency ratio improved to 55.86% from 57.55% in prior quarter
- Non-performing loans increased to 0.63% of total loans from 0.53% due to acquired portfolio
Financial Impact
Net income +18.7% YoY to $26.3M; EPS +14% YoY
Risk Factors
- Asset quality deterioration from Two Rivers portfolio and agricultural sector
- Integration costs and potential operational disruptions
- Rising deposit costs could pressure net interest margin
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001171843-26-002829 |
| Document: f8k_042826.htm | 0001171843-26-002829 |
| Document: 0001171843-26-002829-index-headers.html | 0001171843-26-002829 |
| Document: 0001171843-26-002829-index.html | 0001171843-26-002829 |
| Document: 0001171843-26-002829.txt | 0001171843-26-002829 |
| 8-K Data (Synthetic) | 0001171843-26-002829 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 5d ago | 8-K | $49.26 | awaiting T+60 | — | $51.11 (+3.76%) |
Oct 16, 2026 10d ago | SC 13D/A | $49.73 | awaiting T+60 | — | $51.11 (+2.77%) |
Jul 23, 2026 13w ago | 8-K | $50.05 $49.29 | ▼ −1.52% | ▼ −6.07% | $51.11 (+2.12%) |
Jul 15, 2026 14w ago | 8-K | $48.77 $49.24 | ▲ +0.96% | ▼ −1.57% | $51.11 (+4.80%) |
Apr 29, 2026 25w ago | 8-K | $41.84 $51.16 | ▲ +22.27% | ▲ +19.16% | $51.11 (+22.15%) |
Apr 29, 2026 25w ago | Press Release | $41.84 $51.16 | ▲ +22.27% | ▲ +19.16% | $51.11 (+22.15%) |
Apr 29, 2026 25w ago | 8-K | $41.84 $51.16 | ▲ +22.27% | ▲ +19.16% | $51.11 (+22.15%) |
Apr 15, 2026 27w ago | 8-K | $43.47 $47.93 | ▲ +10.26% | ▲ +2.12% | $51.11 (+17.58%) |
Mar 17, 2026 31w ago | DEFA14A | $39.38 $45.67 | ▲ +15.97% | ▲ +6.11% | $51.11 (+29.79%) |
Mar 2, 2026 34w ago | Press Release | $41.50 $44.29 | ▲ +6.72% | ▼ −2.60% | $51.11 (+23.16%) |
US Market Status
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