Mission Statement, Vision, & Core Values of First Mid Bancshares, Inc. (FMBH)

You're looking at First Mid Bancshares, Inc. (FMBH) and wondering how a community-focused bank, now a $7.7 billion organization, keeps delivering record results in a tough rate environment. It's not magic; their Mission, Vision, and Core Values are defintely the operating manual driving that performance.

Honestly, when a bank pulls in $23.4 million in net income for Q2 2025, you have to ask: what does their commitment to making an IMPACT really mean for shareholders? We need to see how their core value of Accountability directly translates into that $0.98 diluted Earnings Per Share (EPS).

First Mid Bancshares, Inc. (FMBH) Overview

You need a clear picture of First Mid Bancshares, Inc. (FMBH) to understand its strategic position, and the quick takeaway is that this bank holding company is showing strong core earnings growth, driven by an expanding net interest margin and a diversified revenue base. It's a community-focused organization, but its financial performance is anything but small-time.

First Mid Bancshares, Inc. (FMBH) is a financial holding company with a deep history, providing a full suite of financial services since its founding in 1865. The company operates primarily through its subsidiaries, including First Mid Bank & Trust, N.A., First Mid Insurance Group, and First Mid Wealth Management Company. This structure means they aren't just a loan shop; they offer a diversified mix of services, which is defintely a strength in a volatile market.

As a community-focused organization, First Mid Bancshares manages total assets of approximately $7.8 billion. They provide a comprehensive array of products and services across multiple states, including Illinois, Missouri, Texas, and Wisconsin, plus a loan production office in Indiana. For the nine months ended September 30, 2025, the company reported a Net Interest Income of $189.64 million. If you want to dive deeper into the company's foundations, you can check out First Mid Bancshares, Inc. (FMBH): History, Ownership, Mission, How It Works & Makes Money.

• Banking: Deposit accounts, commercial, agricultural, and mortgage loans.
• Wealth Management: Estate planning, investment, and farm management services.
• Insurance: Commercial and personal lines insurance brokerage.
• Ag Services: Specialized financial services for the agricultural sector.

2025 Financial Performance: Core Earnings Strength

The company's financial performance through the 2025 fiscal year has been robust, showing clear momentum in core banking operations. For the nine months ended September 30, 2025, First Mid Bancshares posted a Net Income of $68.07 million, a solid increase from $59.73 million in the same period a year prior. This 14% year-over-year jump in net income shows their strategy is working.

The most recent quarter, Q3 2025, saw Net Interest Income (NII)-the profit from lending after paying depositors-reach $66.4 million. This success is largely driven by an expanding net interest margin (NIM), which hit 3.80% in Q3 2025, marking the sixth consecutive quarter of growth in net interest income. Here's the quick math: higher yields on earning assets, while managing to keep funding costs stable, is the engine for this growth.

Non-interest income, which is revenue from services like wealth management and insurance, also remains a critical component, totaling $22.9 million in Q3 2025. This diversification is key to stability, acting as an important counter-balance to pure lending revenue. For the full 2025 fiscal year, the consensus revenue estimate is approximately $348.95 million, underscoring the company's strong trajectory.

FMBH's Position as an Industry Leader

First Mid Bancshares is not just another regional bank; it is recognized as a leader in the community banking space, consistently executing a disciplined growth and credit strategy. Forbes recognized this strength, listing the company as #33 on its 2025 America's Best Banks list. That's a strong endorsement in a crowded field.

The company's strategic expansion, including the definitive agreement to acquire Two Rivers Financial Group, Inc., demonstrates a clear path for future growth, particularly as it diversifies its footprint and enters the state of Iowa. This move is about more than just size; it's about aligning with partners who share a community-focused culture. With a strong tangible book value per share increase of 6.0% during Q3 2025, the company is creating real value for shareholders. You should find out more below to understand why this community-focused, yet financially sophisticated, approach is so successful.

First Mid Bancshares, Inc. (FMBH) Mission Statement

You're looking for the North Star of First Mid Bancshares, Inc., and honestly, it's a two-part equation: a clear purpose and an aspirational vision. The direct takeaway is that their strategic direction is not about chasing the largest market share; it's about deep, profitable engagement in their communities. Their core mission, or Purpose, is simple but powerful: Collaborate to make an IMPACT.

This purpose is the engine driving their long-term goal, the Vision: To be a nimble, community-focused financial organization committed to quality, growth, and earned independence for the benefit of all our stakeholders. This isn't just corporate jargon; it's the framework that allowed them to report a record high quarterly net income of $22.2 million in the first quarter of 2025, demonstrating that community focus and strong financial performance are not mutually exclusive. The mission acts as a filter for every major decision, from technology investments to acquisition strategy.

Here's the quick math: with total assets sitting at approximately $7.7 billion as of June 30, 2025, this community-focused model is clearly scaling effectively across their network in Illinois, Missouri, Texas, and Wisconsin.

Core Component 1: Community-Focused Financial Organization

The first and most defintely non-negotiable component of the First Mid Bancshares, Inc. mission is its commitment to being a community-focused organization. This means their success is intrinsically tied to the economic health of the areas they serve. It's not just about having a physical presence; it's about having a deep, local understanding of customer needs.

This commitment manifests in their operational footprint and their business mix. They are one of the largest bank-owned insurance agencies and the largest farm manager in Illinois, which shows a tailored approach to the specific needs of their regional customer base. This focus is a competitive moat (a sustainable advantage over competitors). It's what drives their strong core deposit franchise, which totaled $6.2 billion as of June 30, 2025, providing a long-term, reliable source of funding for local lending.

They don't just lend; they invest in the growth and development of their communities, which is a key part of their stated purpose. Breaking Down First Mid Bancshares, Inc. (FMBH) Financial Health: Key Insights for Investors

Core Component 2: Commitment to Quality and Professionalism

The mission calls for a commitment to quality, which is directly supported by their core values of Professionalism and Motivation. In a financial services environment where technology is rapidly changing, quality means providing both expert human advice and seamless digital solutions. You can't have one without the other.

In the first half of 2025, First Mid Bancshares, Inc. made significant, concrete moves to back this component. They successfully completed a retail online system conversion in Q1 2025, which was aimed at enhancing the overall customer experience and improving the platform's capabilities for cross-business growth. Furthermore, in July 2025, they selected Jack Henry's core processing platform to modernize their technology infrastructure. This action directly addresses the need to be a 'nimble' organization, streamlining workflows and gaining better control over customer data to deliver better service.

The results are clear: the tax-equivalent net interest margin (NIM), a key measure of a bank's profitability from lending, expanded to 3.80% in Q3 2025, up from 3.60% in Q1 2025, a sign of effective asset management and pricing discipline that comes from professional expertise.

Core Component 3: Earned Independence for All Stakeholders

The final pillar of the vision is 'earned independence for the benefit of all our stakeholders,' which is the financial analyst's way of saying they aim for sustainable, profitable growth that serves everyone-customers, employees, and shareholders. This is where the core values of Accountability and Commitment come into play.

For shareholders, this means delivering consistent returns. The company's tangible book value per share, a key measure of a bank's intrinsic value, increased by a strong 6.0% in Q3 2025, reaching $28.21. This growth is driven by strong earnings, with Q2 2025 reporting a net income of $23.4 million. For customers and employees, 'earned independence' means financial solutions that help them succeed and a fulfilling career path.

The company demonstrates this through:

• Delivering consistent growth in loans, which totaled $5.82 billion in Q3 2025, supporting local business and individual needs.
• Maintaining a strong capital position, with a CET1 ratio of 12.92% as of June 30, 2025, well above the 'well capitalized' regulatory minimums.
• Committing to a disciplined credit culture, positioning them to weather economic disruptions while continuing to serve their communities.

First Mid Bancshares, Inc. (FMBH) Vision Statement

You're looking for the strategic compass guiding First Mid Bancshares, Inc. (FMBH), and it's a clear one. Their vision isn't corporate fluff; it's a directive for how they compete and create value. The core takeaway is a focus on balancing community roots with financial performance, which is defintely a tightrope walk in today's banking environment.

The company's vision is: To be a nimble, community-focused financial organization committed to quality, growth and earned independence for the benefit of all our stakeholders. This vision is underpinned by their Purpose, which acts as a mission statement: Collaborate to make an IMPACT. That IMPACT is an acronym for their core values: Integrity, Motivation, Professionalism, Accountability, Commitment, and Teamwork. It's a simple, actionable framework.

Nimble, Community-Focused Financial Organization

Being nimble while managing a $7.8 billion organization is a challenge, but it's crucial for regional banks. This community-focused approach means they are heavily invested in the local economies across Illinois, Missouri, Texas, and Wisconsin. Their total deposits reached $6.19 billion by the end of Q2 2025, which shows a strong, stable core deposit franchise. That stability is your cushion against market volatility. The risk here is that being community-focused can limit growth opportunities compared to national players, but it offers a distinct advantage in relationship banking and credit quality.

• Focus on local relationships stabilizes funding.
• Community presence drives diversified non-interest income.
• Nimbleness allows faster tech adoption than mega-banks.

You can see the depth of their financial offerings, from banking to insurance and wealth management, which you can read more about in First Mid Bancshares, Inc. (FMBH): History, Ownership, Mission, How It Works & Makes Money.

Commitment to Quality

In banking, quality is about credit culture and asset health. The company's focus on quality is reflected in their strong asset metrics for the first half of 2025. Specifically, the ratio of non-performing assets to total assets improved to just 0.31% at the end of Q2 2025. Here's the quick math: keeping that ratio low means less capital is tied up in bad loans, freeing it for lending and growth. This discipline is a direct result of their value of Professionalism and their conservative risk profile, which has historically resulted in a 20-year average net charge-off rate of only 0.14%.

The near-term opportunity is to maintain this quality while increasing loan yields; the average yield on new and renewed loans was approximately 7.0% in Q2 2025. That's a solid return, but any economic slowdown could quickly pressure asset quality, making the value of Integrity-doing what is right-more important than ever in underwriting.

Commitment to Growth

Growth for First Mid Bancshares, Inc. is a dual strategy: organic expansion and disciplined acquisitions. The company reported net income of $23.4 million for the second quarter of 2025, translating to $0.98 diluted earnings per share (EPS). That's a clear marker of their growth trajectory. Total loans grew to $5.8 billion as of Q2 2025, an increase of 3.7% compared to the same period in 2024. This loan growth, coupled with a Net Interest Margin (NIM) expansion to 3.60% in Q1 2025, shows they are effectively deploying capital and managing their cost of funds.

The action for investors is simple: watch the loan-to-deposit ratio, which was 93.6% at the end of Q2 2025. A higher ratio suggests efficient lending, but pushing it too high risks liquidity. Their growth must remain balanced, which is where the value of Teamwork comes in, ensuring all business lines support the overall strategy.

Commitment to Earned Independence

Earned independence means maintaining strong capital levels that allow the company to control its own destiny, avoiding forced mergers or capital raises during market stress. Their capital levels remain strong, well above the regulatory 'well capitalized' thresholds. For instance, their Common Equity Tier 1 (CET1) ratio was 12.92% and their Total Risk-Based Capital (TRBC) ratio was 15.76% at the end of Q2 2025.

This strong capital base supports their commitment to shareholders, who have received a competitive dividend since 1879. The tangible book value per share (TBV), a key metric for bank valuation, increased by 4.3% during Q2 2025 to $26.62. The opportunity is to use this capital strength for strategic, accretive mergers and acquisitions (M&A) to expand their footprint, but they must adhere to the value of Commitment by balancing stakeholder needs during any integration.

First Mid Bancshares, Inc. (FMBH) Core Values

You're looking for a clear map of what drives First Mid Bancshares, Inc. (FMBH) beyond the balance sheet, and honestly, their core values are the engine. They operate on six principles that spell out IMPACT: Integrity, Motivation, Professionalism, Accountability, Commitment, and Teamwork. This isn't just wall art; it's a strategic framework that shapes their near-term actions, from lending to acquisitions.

Their Vision is simple: To be a nimble, community-focused financial organization committed to quality, growth and earned independence for the benefit of all our stakeholders. The Purpose-Collaborate to make an IMPACT-is what puts that vision to work every day, and the 2025 numbers defintely show the results.

Integrity is the foundation, meaning honesty and trustworthiness are non-negotiable, driving the courage to always do what's right. For a financial institution, this translates directly to a disciplined, conservative risk culture that protects client and shareholder capital. Here's the quick math on that:

• The 20-year average net charge-off rate sits at a conservative 0.14%.
• Total assets were stable at $7.7 billion as of June 30, 2025, reflecting sound financial practices.

A low charge-off rate is a tangible sign of credit quality, proving they're not chasing risky, short-term gains. That's what long-term trust looks like.

Motivation is about being energized to provide exceptional personal service and uphold a trustworthy reputation. This value is critical for a community bank, where personal relationships matter more than an algorithm. You see this in their proactive approach to customer needs in a shifting economic climate.

In October 2025, for example, First Mid Bank & Trust actively encouraged homeowners to explore home equity loans and lines of credit (HELOCs) following a Federal Reserve rate cut. They positioned the HELOC as a strategic financial tool for things like debt consolidation or home improvement, not just a safety net. This shows a motivated team helping customers find lower-cost funding solutions in real time.

Professionalism reflects the expertise and high standards of performance and service delivery. This isn't just about wearing a suit; it's about operational efficiency and specialized knowledge across all business lines-banking, insurance, wealth management, and ag services. For the first quarter of 2025, the adjusted efficiency ratio (a non-GAAP measure of operational cost versus revenue) was 58.9%.

A key example of this expertise is First Mid Ag Services, which released its annual third-party seed research results in November 2025. This highly specialized, unbiased research, conducted by a team of 25 farm managers/brokers across six regional offices, directly supports local farmers' seed selection decisions. That's deep professionalism in a niche market.

Accountability means taking ownership for individual actions and team performance. In finance, this is tied to delivering consistent, measurable results for all stakeholders-customers, communities, and shareholders. The third quarter of 2025 financial results show clear accountability to the market:

• Reported quarterly net income of $22.5 million.
• Diluted earnings per share (EPS) of $0.94.
• Tangible book value per share increased 6.0% during the quarter to $28.21.

The consistent growth in tangible book value, up 6.0% in Q3 2025, demonstrates that management is accountable for capital stewardship and value creation.

Commitment is the dedication to the success of the Company by balancing the needs of all stakeholders. This is where the community-focused vision meets the growth strategy. The commitment to customers was evident in the successful completion of a core system conversion in the third quarter of 2025. This kind of project is a massive undertaking, but it's a necessary step to provide a better overall product and platform for customer relationship growth.

Their commitment to growth is also clear. They announced pending acquisitions of Two Rivers Financial Group and Ray Farm Management Services in Q3 2025, strategically expanding their footprint and non-interest income offerings. You can read more about what this means for their performance in Breaking Down First Mid Bancshares, Inc. (FMBH) Financial Health: Key Insights for Investors.

Teamwork is the foundation of their excellence, built on collaboration and respect for each individual's unique skills. For a company with total loans of $5.82 billion and total deposits of $6.29 billion as of Q3 2025, seamless internal collaboration is essential for managing a geographically diverse franchise.

The diversity of their offerings-banking, insurance, wealth management, and ag services-requires strong cross-functional teamwork to deliver a full-suite of financial services. Non-interest income, which accounted for approximately 29% of revenue over the 12 months leading up to Q2 2025, relies heavily on this integrated approach, leveraging the expertise of different teams to serve a single client.