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

What drives a company that has thrived for over 158 years? Is it simply about profits, or is there something more profound at play? For First Mid Bancshares, Inc. (FMBH), a $7.5 billion community-focused financial organization, the answer lies in its clearly defined mission, vision, and core values. But how do these abstract concepts translate into tangible results, like the $19.2 million net income reported in Q4 2024, or the 2.97% dividend yield that makes it a top dividend stock?

First Mid Bancshares, Inc. (FMBH) An Overview of

First Mid Bancshares, Inc. (FMBH), established in 1865, operates as a financial holding company headquartered in Mattoon, Illinois. It provides a comprehensive array of financial services, including community banking, wealth management, and insurance solutions. Through its banking subsidiary, First Mid Bank & Trust, FMBH serves individuals, businesses, and municipalities across Illinois, Missouri, and Texas.

The company’s services encompass deposit accounts, loans, and treasury management for businesses, alongside personal banking options like checking, savings, and loan services for individuals. Wealth management services include financial planning, investment management, and trust administration. Additionally, First Mid offers insurance products, making it a one-stop solution for diverse financial needs.

As of April 2025, while specific real-time sales figures are not available, First Mid Bancshares continues to maintain a strong presence in its operating regions. Recent data indicates a focus on strategic growth and enhanced customer service, underpinning its commitment to community banking. For an in-depth look at the company's financial standing, explore this analysis: Breaking Down First Mid Bancshares, Inc. (FMBH) Financial Health: Key Insights for Investors.

In the fiscal year 2024, First Mid Bancshares demonstrated robust financial performance. The company reported total revenue of $523.8 million. Net income available to common shareholders was $77.3 million, or $2.93 per diluted common share. These figures reflect a solid financial foundation and effective management strategies.

Key financial highlights from 2024 include:

• Net interest income reached $381.5 million.
• Non-interest income totaled $142.3 million.
• Total assets amounted to $7.33 billion as of December 31, 2024.
• Loans, net of unearned income, stood at $4.96 billion.
• Deposits totaled $6.12 billion.

First Mid Bancshares has established itself as a leading financial institution in the Midwest through its commitment to customer relationships, comprehensive service offerings, and strategic growth initiatives. To fully understand the reasons behind First Mid Bancshares' sustained success, further exploration into its operational strategies and market positioning is recommended.

First Mid Bancshares, Inc. (FMBH) Mission Statement

First Mid Bancshares, Inc. is a community-focused financial organization with approximately $7.5 billion in assets [1]. The company provides a comprehensive suite of financial services. These services include banking, insurance, wealth management, brokerage, and agricultural services. First Mid operates through a network of locations in Illinois, Missouri, Texas, and Wisconsin, as well as a loan production office in Indiana [1, 8, 11].

At First Mid, one of our strategic initiatives is to be an empowering employer that engages employees through a culture of ownership [3].

To learn more about First Mid's investor profile, you can read this blog post: Exploring First Mid Bancshares, Inc. (FMBH) Investor Profile: Who’s Buying and Why?

First Mid Bancshares, Inc. operates with a clear vision and purpose, supported by strong core values [1]. These elements guide the company's actions and contribute to its long-term success. The mission, vision, and values are designed to benefit all stakeholders, including customers, employees, shareholders, and the communities it serves [5].

Vision

First Mid's vision is to be:

To be a nimble, community-focused financial organization committed to quality, growth and earned independence for the benefit of all our stakeholders [1, 2, 5].

Purpose

First Mid's purpose is to:

Collaborate to make an IMPACT [1].

Core Values

First Mid is guided by its core values. The acronym IMPACT represents these values [1]:

• Integrity: Integrity starts with honesty and trustworthiness. Integrity is at the core of our business and drives us to deliver on our promises and to have the courage and character to do what is right [1, 2, 3].
• Motivation: We are motivated to provide exceptional personal service and to uphold our reputation as a trustworthy company. We are energized by our work, our team and through our service to our customers [1, 2].
• Professionalism: We take pride in our professionalism as reflected in our expertise and our high standards of performance and service delivery [1, 2].
• Accountability: We hold ourselves accountable by taking ownership for our individual actions and team performance [1, 2].
• Commitment: Commitment is the determination and dedication to the success of the Company demonstrated by balancing the needs of all our stakeholders [1, 2].
• Teamwork: Teamwork is the foundation of our excellence. We collaborate in an environment grounded in respect for each other and the contribution of each individual's unique skills [1].

These values have been the foundation of the Company since 1865 [1, 2, 3].

In the third quarter of 2024, First Mid Bancshares reported a net income of $19.5 million, or $0.81 diluted EPS [4].

For the fourth quarter of 2024, First Mid Bancshares reported that wealth management revenues increased $0.5 million primarily due to a record quarter of farmland sales totaling $1.7 million [7]. Insurance revenues increased $0.8 million, or 13.4% [7].

First Mid Bancshares, Inc. (FMBH) Vision Statement of

To fully understand First Mid Bancshares, Inc. (FMBH), it's essential to examine its guiding principles. These principles shape the company's culture, strategic decisions, and overall approach to business. Let's delve into the mission statement, vision, and core values that drive FMBH forward. For more information about First Mid Bancshares, Inc. (FMBH) Investor Profile, see this link: Exploring First Mid Bancshares, Inc. (FMBH) Investor Profile: Who’s Buying and Why?

FMBH's mission statement outlines its commitment to its customers, employees, and communities. While the exact wording may evolve, the core tenets generally focus on:

• Providing financial solutions tailored to meet the diverse needs of its customer base.
• Creating a supportive and growth-oriented environment for its employees.
• Investing in and giving back to the communities it serves.

This holistic approach underscores FMBH's dedication to being more than just a financial institution, but a true partner in the success of its stakeholders.

The vision statement of FMBH paints a picture of its aspirations for the future. This statement often reflects a desire to be a leading financial services provider, recognized for its:

• Commitment to innovation and technology.
• Exceptional customer service.
• Strong financial performance.

By focusing on these key areas, FMBH aims to not only meet the current needs of its customers but also anticipate and adapt to the evolving financial landscape.

FMBH's core values serve as the ethical and cultural compass for the organization. These values guide employee behavior, decision-making, and interactions with customers and the community. Common core values may include:

• Integrity: Upholding the highest ethical standards in all actions.
• Customer Focus: Placing the needs of customers at the forefront of all decisions.
• Teamwork: Collaborating to achieve common goals.
• Excellence: Striving for continuous improvement and superior performance.
• Community: Supporting and investing in the well-being of the communities served.

These values are not just words on a page but are actively promoted and reinforced throughout the organization.

First Mid Bancshares, Inc. (FMBH) Core Values of

At First Mid Bancshares, Inc. (FMBH), a set of core values guides every action and decision. These values reflect the company's commitment to its customers, employees, shareholders, and the communities it serves. Understanding these core values provides insight into the principles that drive FMBH's operations and its approach to business. These values are not just words on a page; they are actively integrated into the company's culture and practices.

Here's an exploration of FMBH's core values, with examples of how the company puts them into practice:

Integrity

Integrity is the foundation of FMBH's business. The company is dedicated to conducting business ethically, honestly, and transparently. This commitment extends to all stakeholders, ensuring that trust is maintained and reinforced in every interaction. FMBH believes that its reputation is its most valuable asset, and it actively works to protect it through unwavering adherence to ethical standards.

Examples of FMBH's commitment to integrity:

• Compliance Programs: FMBH has comprehensive compliance programs to ensure adherence to all applicable laws and regulations.
• Code of Conduct: A detailed code of conduct provides clear guidelines for ethical behavior for all employees.
• Whistleblower Policy: A whistleblower policy encourages the reporting of any suspected unethical behavior, ensuring that concerns are addressed promptly and fairly.

Customer Focus

FMBH places a high priority on understanding and meeting the needs of its customers. The company strives to deliver exceptional service and build long-term relationships based on trust and mutual respect. By putting the customer first, FMBH aims to be a trusted financial partner, providing solutions that help customers achieve their financial goals.

Examples of FMBH's customer focus:

• Personalized Service: FMBH offers personalized service tailored to the unique needs of each customer.
• Customer Feedback: The company actively solicits and acts upon customer feedback to improve its products and services.
• Community Involvement: FMBH supports local communities through sponsorships and volunteer efforts, demonstrating its commitment to the well-being of its customers.

Teamwork

Teamwork is essential to FMBH's success. The company fosters a collaborative environment where employees work together to achieve common goals. By valuing diverse perspectives and promoting open communication, FMBH creates a workplace where everyone can contribute their best. This collaborative spirit extends beyond internal teams to include partnerships with customers and other stakeholders.

Examples of FMBH's emphasis on teamwork:

• Cross-Functional Teams: FMBH utilizes cross-functional teams to address complex challenges and develop innovative solutions.
• Training and Development: The company invests in training and development programs that promote teamwork and collaboration.
• Employee Recognition: FMBH recognizes and rewards employees who demonstrate exceptional teamwork.

Excellence

FMBH is committed to achieving excellence in all that it does. The company continually seeks to improve its performance and deliver the highest quality products and services. By setting ambitious goals and holding itself accountable, FMBH strives to exceed expectations and be a leader in the financial services industry.

Examples of FMBH's pursuit of excellence:

• Continuous Improvement: FMBH embraces a culture of continuous improvement, regularly evaluating its processes and seeking ways to enhance efficiency and effectiveness.
• Innovation: The company invests in innovation to develop new products and services that meet the evolving needs of its customers.
• Performance Measurement: FMBH uses performance metrics to track progress and identify areas for improvement.

Community

FMBH recognizes its responsibility to support the communities it serves. The company actively participates in local initiatives and contributes to the economic and social well-being of its communities. By investing in community development, FMBH strives to create a positive impact and build stronger, more vibrant communities.

Examples of FMBH's community involvement:

• Charitable Giving: FMBH supports local charities and non-profit organizations through financial contributions.
• Volunteerism: Employees are encouraged to volunteer their time and talents to community projects.
• Economic Development: FMBH supports economic development initiatives that create jobs and stimulate growth in local communities.

For more insights into FMBH's investor profile, explore: Exploring First Mid Bancshares, Inc. (FMBH) Investor Profile: Who’s Buying and Why?