FIRST MID BANCSHARES, INC.
Close on Oct 19, 2026
- Market cap
- $1.31B
- P/E (TTM)
- 12.2
- Dividend yield
- 199.71%
About First Mid Bancshares
State Commercial Banks, SIC 6022
First Mid Bancshares is a financial holding company that delivers banking, lending, and related financial services through subsidiaries including First Mid Bank. Its core lending activities encompass commercial and industrial financing, agricultural credit, commercial real estate loans, construction and land development facilities, residential mortgages, and consumer loans. Additionally, the company provides deposit accounts, mortgage servicing, farm management services, and insurance solutions. It serves a diverse clientele that includes commercial enterprises, farm and agribusiness operators, real estate developers, and individual retail consumers seeking personal and commercial banking products.
The company conducts its domestic banking and financial operations primarily within the United States, specifically operating across Illinois and Wisconsin. Its business network includes specialized affiliates such as farm management and insurance agencies that support its regional banking presence. While the provided text identifies operations in Illinois and Wisconsin, it does not specify the exact total number of branch locations or the city of its corporate headquarters.
Summary of the business section of First Mid Bancshares's latest annual report, written by StockData.
Company profile
Company
- Legal name
- FIRST MID BANCSHARES, INC.
- Headquarters
- Mattoon, IL
- Address
- 1515 Charleston Ave, Po Box 499 61938
- Phone
- (217) 234-7454
- Employees
- 1,219, Dec 31, 2023
- Industry
- State Commercial Banks
- Incorporated in
- Delaware
- Fiscal year ends
- December 31
- Auditor
- Forvis Mazars, LLP, St. Louis, Missouri
Stock & identifiers
- Ticker
- FMBH
- Exchange
- Nasdaq
- IPO date
- Mar 16, 1999
- Shares outstanding
- 27M, Aug 7, 2026
- Public float
- $899.34M, Jun 30, 2025
- Filer category
- Large accelerated filer
- Stock splits
- 3-for-2, Jul 2, 2007; 3-for-2, Jul 19, 2004; 3-for-2, Nov 19, 2001
- SEC CIK
- 700565
- CUSIP
- 320866106
- ISIN
- US3208661062
- EIN
- 37-1103704
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Joseph R. Dively | Chairman & CEO, Director | 176,093 |
| Eric S. McRae | EVP, Chief Lending Officer | 50,380 |
| Matthew K. Smith | CEO & President | 25,025 |
| Regina P. Nelson | EVP, Chief Marketing Officer | 1,000 |
| Clay M. Dean | CEO-First Mid Insurance Group | 16,586 |
| Stas R. Wolak | EVP Chief Retail Banking Ofc. | 3,630 |
| Bradley L. Beesley | EVP, CEO First Mid Wealth Mgmt | 22,269 |
| Rhonda G. Gatons | EVP, Chief Human Resources Ofc | 13,196 |
| Michael L. Taylor | Chief Operating Officer | 50,424 |
| Amanda D. Lewis | EVP, Chief Operations Officer | 15,535 |
| Jason M. Crowder | EVP, General Counsel | 23,476 |
| Jordan D. Read | EVP, CFO & Chief Risk Officer | 11,670 |
| Anya Y. Schuetz | SVP, Director of Project Mgmt | 3,650 |
| Megan E. McElwee | EVP, Chief Credit Officer | 8,248 |
| Jeremy R. Frieburg | SVP, Chief Information Officer | 4,557 |
| Mary Westerhold | Director | 319,949 |
| Robert S. Cook | Director | 57,076 |
| James Edwin Zimmer | Director | 28,940 |
| Paul Laurence Palmby | Director | 5,585 |
| Alex J. Melvin | Director | 137,598 |
| James Kyle McCurry | Director | 10,953 |
| Zachary Horn | Director | 14,474 |
| Holly B. Adams | Director | 433,065 |
| Gisele A. Marcus | Director | 7,100 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 | $2.11M | $2.21M | $857.06K | $132 | $159 |
| FY2024 | $1.60M | $1.79M | $705.80K | $121 | $142 |
| FY2023 | $1.18M | $1.18M | $554.24K | $111 | $116 |
| FY2022 | $1.55M | $1.30M | $671.24K | $100 | $114 |
| FY2021 | $1.69M | $1.98M | $778.46K | $130 | $132 |
| FY2020 | $1.01M | $1.00M | $489.99K | $98 | $86 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Employees
Headcount reported in annual reports
“As of December 31, 2023, the Company employed 1219 employees with 95% of those full-time and 5% part-time.”
Corporate history
Events identified from SEC filings