First Mid Bancshares, Inc. (FMBH): History, Ownership, Mission, How It Works & Makes Money

Ever wondered how a community-focused financial organization thrives across multiple states, offering everything from banking to wealth management? First Mid Bancshares, Inc. (FMBH), a $7.5 billion company, has been doing just that since 1865, serving communities in Illinois, Missouri, Texas, and Wisconsin, and even has a loan production office in Indiana. But how exactly does First Mid operate, what's their story, and how do they generate revenue? Keep reading to discover the rich history, ownership structure, mission, and financial strategies that drive this NASDAQ-listed company (FMBH), which had a previous close share price of $31.02 as of April 11, 2025.

First Mid Bancshares, Inc. (FMBH) History

First Mid Bancshares, Inc. Founding Timeline

Year established

First Mid Bancshares, Inc. was established in 1865.

Original location

The company was originally located in Mattoon, Illinois.

Founding team members

While specific names of the original founding members are not widely available in recent sources, the institution was founded by a group of local business leaders in Mattoon, Illinois, who sought to provide financial services to the community.

Initial capital/funding

Information regarding the exact initial capital or funding is not readily available in the provided search results.

First Mid Bancshares, Inc. Evolution Milestones

First Mid Bancshares, Inc. Transformative Moments

First Mid's journey has been marked by several transformative moments that have shaped its growth and strategic direction:

• Strategic Acquisitions: The consistent acquisition strategy, including Lincoln Land Bancorp, Windsor Bancshares, Adams Financial Corp, and Blackhawk Bancorp, has been pivotal in expanding First Mid’s market presence and service offerings. Each acquisition brought new customers, additional expertise, and broadened the geographic reach.
• Expansion into Wealth Management and Insurance: The acquisition of Adams Financial Corp in 2019 was a key move to diversify its services beyond traditional banking, incorporating wealth management and insurance solutions.
• Geographic Expansion: The merger with Blackhawk Bancorp in 2021 was particularly transformative, as it marked First Mid’s entry into Wisconsin, extending its footprint beyond Illinois and creating a larger, more regional financial institution.
• Rebranding and Identity: The transition from the National Bank of Mattoon to First Mid Bancshares, Inc. reflects a modernization and broadening of the company’s mission and vision, aligning with its growth and expanded services.

These moments reflect First Mid’s strategic evolution from a local bank to a diversified financial services provider with a significant regional presence. To gain more insight into the company's goals, explore: Mission Statement, Vision, & Core Values of First Mid Bancshares, Inc. (FMBH).

First Mid Bancshares, Inc. (FMBH) Ownership Structure

First Mid Bancshares, Inc. exhibits a mixed ownership structure, featuring a combination of institutional, insider, and retail investors who collectively influence the company's governance and strategic direction.

First Mid Bancshares, Inc.'s Current Status

First Mid Bancshares, Inc. is a publicly traded company. This means its shares are available for purchase by the general public on a stock exchange.

First Mid Bancshares, Inc.'s Ownership Breakdown

Understanding the ownership structure of First Mid Bancshares, Inc. provides valuable insights into the distribution of control and influence within the company. The following table summarizes the ownership breakdown:

First Mid Bancshares, Inc.'s Leadership

The leadership team at First Mid Bancshares, Inc. plays a crucial role in guiding the company's strategic direction and overseeing its operations. Key figures include:

• Joe Dively: Chairman and Chief Executive Officer
• Eric T. McCardle: President
• Marty J. Schoellerman: Chief Financial Officer

These individuals, along with other members of the executive team, are responsible for setting the company's vision, implementing its strategies, and ensuring its long-term success. For more detailed insights into First Mid Bancshares, Inc., explore: Exploring First Mid Bancshares, Inc. (FMBH) Investor Profile: Who’s Buying and Why?

First Mid Bancshares, Inc. (FMBH) Mission and Values

First Mid Bancshares, Inc. aims to serve its clients and communities through a relationship-driven approach, emphasizing long-term value and local decision-making. The company's values reflect a commitment to integrity, customer focus, and community support.

First Mid Bancshares, Inc.'s Core Purpose

Official mission statement

To fulfill its mission, First Mid Bancshares, Inc. focuses on:

• Delivering comprehensive financial solutions tailored to meet the unique needs of individuals, businesses, and communities.
• Building lasting relationships based on trust, transparency, and mutual respect.
• Empowering local decision-making to ensure responsiveness and personalized service.
• Contributing to the economic vitality and social well-being of the regions it serves.

Vision statement

First Mid Bancshares, Inc. strives to be the leading community-focused financial institution, recognized for:

• Excellence in customer service and financial performance.
• Innovation in products, services, and delivery channels.
• Commitment to employee development and engagement.
• Active involvement in community development and philanthropic initiatives.

Company slogan/tagline

While specific slogans or taglines may evolve over time, First Mid Bancshares, Inc.'s communications generally emphasize its commitment to local communities and personalized service. Here are potential themes reflected in their messaging:

• 'Your Community. Your Bank.'
• 'Building Relationships. Delivering Results.'
• 'Local Values. Lasting Value.'

To delve deeper into First Mid Bancshares, Inc.'s mission, vision, and core values, visit: Mission Statement, Vision, & Core Values of First Mid Bancshares, Inc. (FMBH).

First Mid Bancshares, Inc. (FMBH) How It Works

First Mid Bancshares, Inc. operates as a financial holding company, delivering a comprehensive suite of banking, wealth management, and insurance services to individuals, businesses, and agricultural clients.

First Mid Bancshares, Inc.'s Product/Service Portfolio

First Mid Bancshares, Inc.'s Operational Framework

First Mid Bancshares, Inc. operates through a network of community banks and offices, focusing on building strong customer relationships and providing personalized service. Key aspects of their operational framework include:

• Customer-Centric Approach: Prioritizing customer needs and providing tailored financial solutions.
• Community Focus: Investing in local communities through sponsorships, charitable giving, and employee volunteerism.
• Risk Management: Maintaining a strong risk management framework to protect the company's assets and ensure financial stability.
• Technology Investments: Investing in technology to enhance the customer experience, improve operational efficiency, and drive innovation.
• Diversified Revenue Streams: Generating revenue from a variety of sources, including lending, fee-based services, and investment activities.

First Mid Bancshares, Inc.'s Strategic Advantages

First Mid Bancshares, Inc. has several strategic advantages that contribute to its success:

• Strong Local Presence: Deep roots in the communities it serves, enabling it to build strong relationships with customers and understand their unique needs.
• Diversified Business Model: Offering a wide range of financial services, reducing its reliance on any single product or market.
• Experienced Management Team: Led by a team of experienced professionals with a proven track record of success.
• Commitment to Technology: Investing in technology to improve efficiency, enhance the customer experience, and drive innovation.
• Sound Financial Performance: Consistently delivering strong financial results, demonstrating its ability to manage risk and generate returns for shareholders.

To gain more insights into the company's guiding principles, explore: Mission Statement, Vision, & Core Values of First Mid Bancshares, Inc. (FMBH).

First Mid Bancshares, Inc. (FMBH) How It Makes Money

First Mid Bancshares, Inc. primarily generates revenue through traditional banking activities, including taking deposits and providing loans, as well as from wealth management services.

First Mid Bancshares, Inc. Revenue Breakdown

While precise percentage breakdowns for each revenue stream can fluctuate yearly, here's an illustrative table based on common banking revenue models. Keep in mind that the latest 2024 figures would provide the most accurate view.

First Mid Bancshares, Inc. Business Economics

The bank's profitability is influenced by several key economic factors:

• Interest Rate Spread: The difference between the interest earned on loans and the interest paid on deposits is a primary driver of profitability. Wider spreads typically lead to higher profits.
• Loan Volume: The amount of loans the bank issues impacts revenue. Increased lending activity can boost interest income, but also raises credit risk considerations.
• Operating Efficiency: Managing operational costs effectively is crucial. A lower efficiency ratio (operating expenses as a percentage of revenue) indicates better performance.
• Asset Quality: Maintaining a healthy loan portfolio is essential. Low levels of non-performing assets suggest strong credit underwriting and risk management.

First Mid Bancshares, Inc. Financial Performance

Analyzing financial metrics provides insights into the bank's financial health:

• Net Interest Margin (NIM): This measures the difference between interest income and interest expense as a percentage of average earning assets. A higher NIM indicates greater profitability from lending activities.
• Return on Assets (ROA): This ratio shows how efficiently the bank is using its assets to generate earnings. A higher ROA is generally more favorable.
• Return on Equity (ROE): This metric reflects the return generated for shareholders. A higher ROE suggests the bank is effectively using equity to generate profits.
• Efficiency Ratio: As mentioned earlier, this ratio measures operating expenses as a percentage of revenue. A lower ratio signifies better operational efficiency.
• Capital Adequacy Ratios: These ratios, such as the Tier 1 capital ratio, measure the bank's capital relative to its risk-weighted assets. Higher ratios indicate a stronger capital position and greater ability to absorb losses.

For an in-depth analysis of First Mid Bancshares, Inc.'s financial standing, consider exploring this resource: Breaking Down First Mid Bancshares, Inc. (FMBH) Financial Health: Key Insights for Investors

First Mid Bancshares, Inc. (FMBH) Market Position & Future Outlook

First Mid Bancshares, Inc. is strategically positioned to leverage its community banking model and expanding digital capabilities for future growth. The company faces both opportunities in growing markets and challenges from increasing competition and regulatory changes.

Competitive Landscape

The competitive landscape for First Mid Bancshares includes a mix of regional and national banks, as well as emerging fintech companies. Here's a snapshot of how First Mid Bancshares stacks up against its competitors:

Opportunities & Challenges

First Mid Bancshares, like other financial institutions, operates in a dynamic environment filled with opportunities and risks. Understanding these factors is crucial for assessing its future performance.

Industry Position

First Mid Bancshares maintains a solid position within the community banking sector. This position is supported by several factors:

• Strong Local Presence: First Mid has a well-established presence in its key markets, fostering strong customer relationships.
• Community Focus: The bank is committed to supporting local communities through lending and philanthropic activities.
• Expanding Digital Capabilities: First Mid is investing in technology to enhance its digital banking offerings and improve customer service.

To gain more insights into First Mid Bancshares, Inc. and its investors, you might find this resource helpful: Exploring First Mid Bancshares, Inc. (FMBH) Investor Profile: Who’s Buying and Why?