First Mid Bancshares, Inc. has announced its financial results for the second quarter of 2025, reporting a record high quarterly net income of $23.4 million, or $0.98 diluted earnings per share $(EPS)$. This marks a quarterly increase of $0.05 per share. The adjusted quarterly net income was reported at $23.7 million, or $0.99 diluted EPS. The company experienced an expansion in its net interest margin to 3.72%, a quarterly increase of 12 basis points, contributing to the fifth consecutive quarter of growth in net interest income, which rose to $63.9 million, a 7.5% increase from the previous quarter. Total loans increased by $68.1 million, or 1.20%, to $5.77 billion, while total deposits rose by $59.8 million, or 0.98%, to $6.19 billion. The tangible book value per share saw a 4.3% increase during the quarter. The company also declared a $0.01 increase in the quarterly dividend, bringing it to $0.25 per share. CEO Joe Dively highlighted the company's strategic approach to driving a higher return on assets and noted the investments in technology platforms intended to support future growth. Despite fluctuations in the macro-economic environment, the company maintains a focus on disciplined credit culture and strategic execution.
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