First Mid Tangible Book Value Per Share Increases 4.3%
Tangible book value per share increased $1.21, or 4.3% during the fourth quarter of 2025. The increase was driven by both earnings and a decrease of $8.7 million related to the unrealized loss position in the Company's investment portfolio. "We finished off a landmark year for First Mid with record annual earnings per share and net income. Our team executed at the highest levels on key strategic technology projects and now with our new retail online banking and core banking applications implemented, we have improved the customer experience and deployed a more efficient platform for growth. We are pleased with the continued progress towards closing our pending acquisition of Two Rivers Financial Group, Inc. as we received all regulatory approvals in the fourth quarter. We still anticipate closing to occur in the first quarter of 2026 as we enter Iowa with a great partner," said Joseph Dively, Chairman and CEO.
