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First Mid Bancshares

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Community-focused banking, insurance, and wealth management services

Mattoon, United StatesFounded 1865Fintech
Valuation $1.34B Market cap · 2026
Revenue $316M Latest reported FY

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 data

At a glance

Status
Listed
Founded
1865
Headquarters
Mattoon, United States
Listing
IPO 1995
Employees
1,024
Open positions
69
Dealroom signal
0.0/100
Industry
Fintech
Sector
Fintech
Investment activity
3 companies, latest Oct 2025
Capital deployed
—
Preferred round
ACQUISITION

Funding history

3 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
POST IPO DEBT✓Debt Apr 2026 $35M — Banner Bank ↗
POST IPO DEBT✓Debt Apr 2025 $15M — Undisclosed ↗
Showing the latest 2 of 3 recorded eventsBook a demo for the full funding history →

Financials

Revenue, earnings and profit over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

YearRevenueGrowthProfitMargin
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 —
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Growth signals

First Mid Bancshares website traffic

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.

Latest monthly visits150K 3-month web change-21.1% 1-year team growth+144.4%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

1 investor on the cap table

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
Team profiled 5 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 5 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
1 countries with
team presence
🇺🇸 United States99.7%
1 country shown

Market sentiment

Posts on X, past 7 days

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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