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First Mid Bancshares
Community-focused banking, insurance, and wealth management services
About First Mid Bancshares
In 1865, a group of local business leaders in Mattoon, Illinois, established the National Bank of Mattoon to provide essential financial services to their growing community. This marked the beginning of what would become First Mid Bancshares, a company built on a foundation of serving local needs. While the specific names of the original founders are not widely cited, their vision laid the groundwork for an enduring institution. A pivotal moment in the company's journey occurred in 1983 when it reorganized into a financial holding company, adopting the name First Mid Bancshares, Inc. This strategic shift enabled broader expansion and a more diverse range of financial offerings beyond traditional banking. This set the stage for a series of acquisitions to expand its footprint, including Lincoln Land Bancorp, Inc. in 1994 and Windsor Bancshares, Inc. in 1999. Now publicly traded on the NASDAQ under the ticker FMBH, First Mid has grown into a multi-state organization with a significant asset base. It operates as the parent company for First Mid Bank & Trust, First Mid Insurance Group, and First Mid Wealth Management Company. Through strategic growth and a continued focus on community-based financial services, the company that started in a single Illinois town now serves communities across Illinois, Missouri, Texas, and Wisconsin.
Source: Dealroom company dataKnowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| POST IPO DEBT✓Debt | Apr 2026 | $35M | — | Banner Bank | ↗ |
| POST IPO DEBT✓Debt | Apr 2025 | $15M | — | Undisclosed | ↗ |
Financials
Revenue, earnings and other financial measures where available. Years marked “E” are estimates.
| Year | Revenue | Growth | Profit | Margin |
|---|---|---|---|---|
| 2026 | $316M | -7.8% | $116M | 36.7% |
| 2025 | $342M | +7.4% | $92M | 26.8% |
| 2024 | $319M | +15.9% | $79M | 24.8% |
| 2023 | $275M | +8% | ||
| 2022 | $255M | +7.2% | ||
| 2021 | $238M | +27.1% | ||
| 2020 | $187M | — |
Growth signals
Latest recorded traffic for First Mid Bancshares is 150K monthly website visits, down 21.1% over the last three months. First Mid Bancshares's team grew 144.4% over the past year.
Open positions
Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Two Rivers Financial GroupBurlington, United States
$109Mvaluation
BB
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$90Mvaluation
DeltabkVidalia, United States
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Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series B and later1 investor entered at this stage
Banner Bank
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about First Mid Bancshares on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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