First Mid Bancshares Q4 adjusted net income slightly beats estimates

First Mid Bancshares

29/01/2026 13:07

Overview

Community bank's Q4 adjusted net income slightly beat analyst expectations

Company's total loans increased 3.2% in Q4, driven by diversified growth

Received regulatory approval for acquisition of Two Rivers Financial Group

Outlook

Company anticipates closing Two Rivers acquisition in first quarter of 2026

First Mid highlights improved platform for growth after technology projects

Company emphasizes commitment to shareholder value through diversified income streams

Result Drivers

LOAN GROWTH - First Mid Bancshares reported a 3.2% increase in total loans, driven by diversified growth in construction, land development, and commercial real estate

TECHNOLOGY IMPLEMENTATION - The company completed key strategic technology projects, enhancing customer experience and operational efficiency

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 EPS
$0.99
Q4 Adjusted Net Income
Slight Beat*
$25.30 mln
$25.29 mln (5 Analysts)
Q4 Net Income
$23.68 mln
Q4 Net Interest Income
$66.53 mln
Q4 Dividend
$0.25


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

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 $46.00, about 9.4% above its January 28 closing price of $42.06

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

Press Release: ID:nGNX8gl00F

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)