FIRST MID BANCSHARES Business Summary

First Mid Bancshares, Inc. (FMBH) is a diversified financial services holding company that generates revenue through a balanced mix of net interest income from its $6.01 billion loan portfolio and fee-based non-interest income. The firm operates through three primary segments—Banking, Wealth Management, and Insurance—with specialized revenue streams derived from agricultural services, trust administration, and treasury management. Following the Q1 2026 acquisition of Two Rivers Financial Group, First Mid has expanded its regional footprint into Iowa, adding to its established presence in Illinois, Missouri, and Wisconsin. In the Midwest market, First Mid positions itself as a premier community-focused alternative to larger regionals like Old National Bancorp and Wintrust Financial, leveraging its high-touch relationship model to maintain a competitive edge over peers such as First Busey and Midland States Bancorp. Leadership is anchored by Chairman and CEO Joseph R. Dively, who has led the company since 2011 and brings a background in executive management from Consolidated Communications and IBM. The current executive suite includes Matthew Smith, who serves as President, and Jordan Read, who was appointed Executive Vice President and Chief Financial Officer/Chief Risk Officer in 2025. Other key executives include Senior Executive Vice President and COO Michael L. Taylor, Wealth Management CEO Brad Beesley, and Insurance Group CEO Clay Dean. Founded in 1865 and headquartered in Mattoon, Illinois, the company is overseen by a board of directors that includes notable members such as Robert S. Cook and Zachary I. Horn, with significant institutional backing from major investment firms like BlackRock and Vanguard.