First Mid Bancshares, Inc. Announces Fourth Quarter 2025 Results

Core Insights - First Mid Bancshares, Inc. reported record annual earnings per share and net income for the year ending December 31, 2025, with a strong focus on strategic technology projects and customer experience improvements [3][4]. Financial Performance - Net interest income for Q4 2025 was $66.5 million, a slight increase of $0.2 million from Q3 2025, and a year-over-year increase of $7.6 million, or 12.9% from Q4 2024 [5][6]. - The net interest margin for Q4 2025 was 3.73%, down 7 basis points from the previous quarter, primarily due to lower accretion income and increased interest expenses [7]. - Total loans reached $6.01 billion, reflecting a quarterly increase of $187.3 million, or 3.2%, and a yearly increase of $338.9 million, or 6.0% [8][9]. - Total deposits were $6.40 billion, up $105.7 million, or 1.7% from the prior quarter, with a yearly increase of 5.6% [10][12]. Asset Quality - The allowance for credit losses (ACL) was $74.9 million, maintaining a ratio of 1.25% to total loans, consistent with the previous quarter [10]. - The ratio of non-performing loans to total loans was 0.53%, an increase from the prior quarter, while the ACL to non-performing loans ratio was 234% [11]. Non-Interest Income and Expenses - Non-interest income for Q4 2025 was $21.7 million, down from $22.9 million in the prior quarter, with notable contributions from wealth management and insurance commissions [13][14]. - Non-interest expenses totaled $55.9 million, a decrease from $57.1 million in the previous quarter, with technology expenses related to core conversion projects included [15]. Capital Levels and Dividends - The company's capital levels remained strong, with total capital to risk-weighted assets at 15.67% and a tangible book value per share of $29.42, reflecting a 4.3% increase during the quarter [17][18]. - The Board of Directors declared a regular quarterly dividend of $0.25 per share, payable on February 27, 2026 [19].