First Mid Bancshares' Q3 adjusted net income beats

First Mid Bancshares

30/10/2025 12:13

Overview

First Mid Q3 adjusted net income beats analyst expectations

Announces pending acquisition of Two Rivers Financial Group

Outlook

Company expects acquisition of Two Rivers Financial Group to diversify footprint into Iowa

Company anticipates closing acquisition of Ray Farm Management Services in Q4 2025

Company completed core operating system conversion to enhance efficiency

Result Drivers

NET INTEREST MARGIN - Expansion to 3.80% driven by higher yields on earning assets while maintaining funding costs

LOAN AND DEPOSIT GROWTH - Loans increased by $57 mln and deposits by $99.3 mln, reflecting diversified growth

BRANCH OPTIMIZATION - Closure of 8 branches as part of a strategic plan to enhance efficiency and digital focus

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Adjusted EPS
Meet
$0.97
$0.97 (7 Analysts)
Q3 EPS
$0.94
Q3 Adjusted Net Income
Beat
$23.30 mln
$23 mln (7 Analysts)
Q3 Net Income
$22.46 mln
Q3 Net Interest Income
$66.36 mln
Q3 Dividend
$0.25
Q3 Pretax Profit
$28.77 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy"

Wall Street's median 12-month price target for First Mid Bancshares Inc is $44.00, about 17.6% above its October 29 closing price of $36.24

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release: ID:nGNX7msLNh

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)