AI-extracted from the 10-Q filed 2026-08-07 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Net income rose 18.6% YoY to $27.8M in Q2 2026, driven by Two Rivers Bank acquisition completed Feb 28, 2026, and 24.8% growth in net interest income.
Biggest Revenue Drivers
Net interest income$79.7M+24.8% YoY
Increased due to Two Rivers Bank acquisition and higher earning asset yields with decreased funding costs.
Other income$28.8M+22.2% YoY
Growth from wealth management revenues, insurance commissions from acquisitions, and service charges.
Biggest Revenue Drivers
Total revenue: $114.9M+23.0% YoY
Net interest income$79.7M+24.8% YoY
Increased due to Two Rivers Bank acquisition and higher earning asset yields with decreased funding costs.
Other income$28.8M+22.2% YoY
Growth from wealth management revenues, insurance commissions from acquisitions, and service charges.
Largest Expense Items
Salaries and employee benefits$38.5M+14.4% YoY
Increased headcount from Two Rivers acquisition; full-time equivalent employees grew from 1,190 to 1,316.
Other expenses$10.0M+140.8% YoY
Primarily acquisition and integration costs related to Two Rivers Bank merger.
Net occupancy and equipment expense$10.9M+38.4% YoY
Expanded real estate footprint and increased employees from Two Rivers acquisition.
Margins: Tax equivalent net interest margin improved to 3.79% in Q2 2026 from 3.72% in Q2 2025, driven by higher earning asset yields and reduced funding costs. Margin expansion reflects disciplined asset-liability management despite a liability-sensitive rate position through 12 months.
Watch Items from the Filing
Nonperforming loans increased to $41.3M (0.60% of total loans) at June 30, 2026 from $31.1M at Dec 31, 2025; includes $10.9M of acquired nonaccrual loans from Two Rivers.
Agriculture portfolio concentration at $783M (11.3% of total loans); grain farming alone at $656.5M. Vulnerable to commodity price volatility, drought, and reduced government support.
Goodwill from Two Rivers acquisition provisional and subject to adjustment through Q1 2027; $213K recorded after measurement-period adjustments.
Two Rivers acquisition added $860.5M in net loans and contributed $19.9M revenue and $3.4M net income in ~3.5 months post-close; integration costs of $9.2M incurred in H1 2026.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
About FIRST MID BANCSHARES, INC. (FMBH): stock profile, AI score and financials
FIRST MID BANCSHARES, INC. (FMBH) stock profile, AI quality score, and SEC EDGAR financial data, a Financials sector company. 13F Pro's AI-powered ranking engine scores FMBH at 56.5/100 on a composite quality score built from its SEC filings, placing it at rank #1,158 of 2,925 stocks — the top half of the AI-ranked universe. FMBH scores in the top quartile across profitability (85.9), free cash flow (85.4). Areas of concern include institutional flow (16.3) and revenue scale (33.0), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q2 2026), FIRST MID BANCSHARES, INC. reports quarterly revenue of $108.5M, net income of $27.8M, an operating margin of 33.5%. Top institutional holders of FMBH by reported 13-F value include BlackRock, Ballentine Partners, DIMENSIONAL FUND ADVISORS, based on the most recent SEC filings. FMBH trades on the Nasdaq exchange and files with the SEC under CIK 700565. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate FMBH daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for FIRST MID BANCSHARES, INC. directly from SEC EDGAR.