First Mid Bancshares, Inc. Overview
Pro stress-test →First Mid Bancshares is a $7.8 billion community-focused organization providing financial services including banking, insurance, wealth management, brokerage, and ag services through a network of locations in Illinois, Missouri, Texas, and Wisconsin. The company has served its customers and communities since 1865, positioning itself as a diversified financial services provider deeply rooted in rural and community banking.
Strategic Profile
Pro stress-test →First Mid operates as a financial holding company providing community banking products and services to commercial, retail, and agricultural customers, accepting various deposit products including demand deposits, savings accounts, money market deposits, and time deposits. The company's integrated model—combining banking, insurance, wealth management, and agricultural services—provides cross-selling opportunities and broad market reach across its Midwest footprint.
Competitive Landscape
Pro stress-test →First Mid operates in a competitive regional banking market dominated by larger national players (JPMorgan, Wells Fargo, Bank of America) and other regional banks. Within its peer group, First Mid differentiates through agricultural lending expertise, integrated insurance offerings, and community banking focus. Key regional competitors include MidWestOne Financial, Midland States Bancorp, and other Midwest-focused community banks.
Industry Context
First Mid Bancshares, Inc. operates in Regional Banking & Financial Services.
Key facts
Founded: 1865 · Headquarters: Mattoon, Illinois · Employees: N/A · Revenue: N/A · Market cap: $920M