First Mid Bancshares Q2 profit beats on Two Rivers Bank deal boost

First Mid Bancshares

23/07/2026 13:09

    

    Overview
  
US community bank's Q2 adjusted net income beat analyst expectations
Company completed merger of Two Rivers Bank & Trust during the quarter
Quarterly dividend increased by $0.01 to $0.26 per share

    

    Outlook
  
Company did not provide specific guidance or outlook for future quarters or the full year

    

    Result Drivers
  
TWO RIVERS MERGER - Inclusion of Two Rivers Bank & Trust for a full quarter drove increases in net interest income and non-interest income
LOAN REPRICING - Retention of maturing loans at higher rates contributed to net interest income growth
MERGER EXPENSES - Non-interest expenses rose due to $7.1 mln in acquisition-related costs and annual merit increases

    
Company press release: ID:nGNX16XMB1

    

    Key Details
  

            Metric
          

            Beat/Miss
          

            Actual
          

            Consensus Estimate
          
Q2 EPS
 
$1.04
 
Q2 Adjusted Net Income
Beat
$33.40 mln
$27.95 mln (6 Analysts)
Q2 Net Income
 
$27.79 mln
 
Q2 Net Interest Income
 
$79.66 mln
 
Q2 Dividend
 
$0.26
 

    

    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 $50.00, about 3.1% above its July 22 closing price of $48.50
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 9 three months ago

    

    Reuters Recommended Reads
  
July 23 - Civista Bancshares Q2 profit rises 30%, interest margin expands
July 22 - Fulton Financial Q2 adjusted EPS rises on Blue Foundry deal
July 23 - Dime Community Bancshares Q2 revenue hits record on loan growth

    
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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.)