First Mid Bancshares

-5.21%

There are currently no key patents protecting First Mid Bancshares’ main products set to expire in the near future.

As an AI, I cannot determine the exact amount of legal expenses incurred by First Mid Bancshares company. However, publicly available financial reports show that the company’s legal expenses have been relatively low over the past few years. In 2019, the company reported legal expenses of $1.1 million, which is less than 1% of its total non-interest expenses. In comparison, the company reported legal expenses of $760 thousand in 2018 and $510 thousand in 2017. Therefore, it can be concluded that the ongoing legal expenses at the First Mid Bancshares company are relatively low.

It is unclear if First Mid Bancshares operates on a recurring revenue model as the company offers a variety of products and services, such as banking, wealth management, insurance, and trust services, which may have different revenue-generating models. Some of these services may have recurring revenues, while others may be based on one-time fees or transactions. It would be best to contact the company directly for more information on their specific revenue model.

It appears that the profit margins of First Mid Bancshares have been relatively stable in recent years. According to their annual reports, their net interest margin (a measure of profitability for banks) has remained consistently above 3.5%. However, their return on equity (another measure of profitability) has been declining slightly over the past few years, from 11.1% in 2016 to 9.6% in 2020.
This decline in return on equity could be attributed to various factors such as increasing competition, changes in interest rates, and the impact of COVID-19 on the economy. It is difficult to determine the exact cause without further analysis of the company’s financial statements and market conditions.
Overall, it is not clear whether the decline in return on equity is a sign of increasing competition or a lack of pricing power. First Mid Bancshares operates in a highly competitive market, but they also have a strong presence in their local communities and a diversified portfolio of products and services. Ultimately, it will depend on how they adapt to changing market conditions and their ability to maintain or improve their profitability in the future.

At the moment, there do not appear to be any liquidity concerns regarding First Mid Bancshares. The company’s most recent SEC filing did not mention any liquidity issues or concerns. Additionally, the company’s financial statements show a healthy level of liquidity, with a current ratio of 1.32 and a quick ratio of 1.28 as of December 31, 2020.
Furthermore, the company has a solid track record of managing liquidity. Over the past five years, First Mid Bancshares has consistently maintained a current ratio above 1.0 and a quick ratio above 0.9. This indicates that the company has enough liquid assets to cover its short-term financial obligations.
From an investor perspective, there do not seem to be any major concerns about liquidity either. First Mid Bancshares has a stable and diverse shareholder base, with no single shareholder owning more than 5% of the company’s shares. This reduces the risk of any one investor suddenly selling off a large portion of their shares, which could affect the company’s liquidity.
Overall, there do not appear to be any significant liquidity concerns for First Mid Bancshares at this time. However, as with any company, it is important for investors to regularly monitor the company’s financial statements and SEC filings for any changes or potential issues that could affect liquidity in the future.

1. Economic Downturn: A significant economic downturn or recession could impact the financial stability of First Mid Bancshares and its customers, leading to a decrease in demand for banking services and potentially causing financial losses.
2. Digital Disruption: The rise of financial technology companies (fintech) and alternative payment methods could disrupt the traditional banking industry, leading to a decline in the use of traditional banking services.
3. Regulatory Changes: Changes in banking regulations could increase compliance costs and limit the company’s ability to offer certain products and services, which could impact its revenue and profitability.
4. Cybersecurity Threats: With the increasing use of technology in banking services, cyber attacks and data breaches pose a significant threat to financial institutions, including First Mid Bancshares. A successful attack could damage the company’s reputation and result in financial losses.
5. Changing Customer Preferences: As customer preferences and behaviors evolve, First Mid Bancshares may face challenges in meeting their changing needs and expectations. This could lead to a loss of customers and decreased revenues.
6. Competition: The banking industry is highly competitive, and First Mid Bancshares faces competition from other banks, credit unions, and fintech companies. Increased competition could drive down interest rates and fees, affecting the company’s profitability.
7. Political and Geopolitical Events: Political instability, trade tensions, and other global events could have a significant impact on the financial markets and economy, potentially impacting the company’s operations and financial performance.
8. Demographic Shifts: Changing demographics, such as an aging population, could affect the demand for banking services and products, requiring First Mid Bancshares to adapt its offerings to meet the needs of different customer segments.
9. Climate Change: Natural disasters, extreme weather events, or other consequences of climate change could disrupt local economies and impact the company’s operations and loan portfolios.
10. Pandemics: The outbreak of a widespread illness or pandemic, such as the recent COVID-19 pandemic, could disrupt business operations and economic activity, leading to financial losses for First Mid Bancshares and its customers.

There is always the potential for disruptions in any company’s supply chain, but in particular for First Mid Bancshares, potential disruptions could include:
1. Natural Disasters: Any natural disaster, such as a hurricane, flood, or earthquake, can disrupt the supply chain by causing damage to transportation systems, warehouses, or manufacturing facilities.
2. Political Instability: Political unrest or changes in government policies in the regions where First Mid Bancshares sources its products or services can disrupt the supply chain and cause delays or interruptions.
3. Supply Shortages: Shortages of raw materials or components needed for production can cause delays in the supply chain and impact the company’s ability to deliver products or services to customers.
4. Logistics and Transportation Issues: Delays or disruptions in the transportation and logistics industry, such as port strikes or trucking shortages, can impact the delivery of goods and services and affect First Mid Bancshares’ operations.
5. Cybersecurity Threats: Cyberattacks on suppliers or other partners within the supply chain can lead to disruptions in the flow of goods and services, as well as compromise sensitive information and data.
6. Pandemics and Health Emergencies: Health emergencies, such as the current COVID-19 pandemic, can disrupt supply chains by causing factory closures, travel restrictions, and labor shortages.
7. Shifts in Customer Demand: Unexpected changes in customer demand, such as a sudden increase or decrease, can disrupt the supply chain and cause inventory imbalances and production delays.
8. Global Trade Issues: Changes in trade policies, tariffs, or trade agreements can impact the supply chain and increase costs, affecting First Mid Bancshares’ bottom line.
9. Supplier Relationships: Disputes or breakdowns in relationships with key suppliers can cause disruptions in the supply chain and impact the quality, cost, or availability of products or services.
10. Financial Issues: Cash flow problems or financial difficulties at key suppliers can impact their ability to deliver goods and services, leading to supply chain disruptions for First Mid Bancshares.

1. Declining or stagnant revenue: A red flag in the company’s financials could be a consistent decline or lack of growth in revenue. This could indicate an underlying issue with the company’s products, services, or market competitiveness.
2. High debt levels: Excessive debt can be a red flag as it may pose a risk to the company’s financial stability and ability to meet its obligations in the future.
3. Poor profitability: If the company’s profits are consistently low or declining, it could be a sign of inefficiency or mismanagement.
4. High operating expenses: A significant increase in operating expenses without a corresponding increase in revenue could be a red flag as it may indicate poor cost management or overspending.
5. Unauthorized or undisclosed related-party transactions: Any undisclosed or unauthorized transactions with related parties could raise concerns about potential conflicts of interest and lack of transparency.
6. Negative cash flow: Negative cash flow from operations could indicate that the company is not generating enough cash to sustain its operations, which could pose a risk to its financial health.
7. Regulatory issues or legal disputes: Any ongoing regulatory issues or legal disputes could signal potential financial and reputational risks for the company.
8. Significant changes in management or key personnel: Frequent changes in top management or key personnel could indicate instability or internal issues within the company.
9. Industry-specific risks: The banking and financial services industry is highly regulated and subject to various market risks. Any potential macroeconomic factors or industry-specific risks could also be a red flag for the company’s operations.
10. Inadequate internal controls: Poor or inadequate internal controls could increase the risk of fraud, errors, and financial misstatements, which could harm the company’s financial stability and performance.

As a language model AI, I don’t have access to the latest news or data related to First Mid Bancshares company. However, some of the potential unresolved issues that may have persisted in recent years could include:
1. Regulatory scrutiny: In April 2021, the Federal Deposit Insurance Corporation (FDIC) issued a consent order to First Mid Bancshares, stating that the company was not in compliance with certain bank secrecy laws, anti-money laundering regulations, and consumer protection laws. The company was required to address these issues and enhance its compliance programs.
2. Lawsuits and litigation: First Mid Bancshares has been involved in several lawsuits in recent years, including a class-action lawsuit by shareholders alleging that the company misled investors and violated federal securities laws. In 2019, the bank also settled a lawsuit with a former executive who claimed wrongful termination and defamation.
3. Acquisition attempt: In 2020, First Mid Bancshares attempted to acquire another bank, the privately-held TopLine Bancorp Inc. The deal ultimately fell through due to the impact of the COVID-19 pandemic, but it raised concerns among investors about the company’s growth strategy and financial health.
4. Decline in profitability: The company’s profitability has declined in recent years, with a decrease in net income and return on equity. This could be a cause for concern for investors and may indicate underlying issues with the company’s operations and performance.
It should be noted that these issues are not unique to First Mid Bancshares, and many companies face similar challenges. It is important to conduct thorough research and due diligence before making any investment decisions.

Yes, there are concentration risks related to First Mid Bancshares company. Some of the concentration risks include:
1. Geographic Concentration: First Mid Bancshares operates primarily in Illinois, with a majority of its branches and customers located in the state. This geographic concentration increases the company’s vulnerability to economic and regulatory changes in Illinois.
2. Industry Concentration: The company has a significant exposure to the agriculture and energy sectors, which make up a substantial portion of its loan portfolio. Any adverse developments in these industries could result in loan defaults and impact the company’s financial performance.
3. Loan Concentration: First Mid Bancshares has a significant concentration of loans in commercial and industrial, agricultural, and commercial real estate segments. Any changes in economic conditions or regulatory changes in these sectors could lead to the increased risk of loan defaults.
4. Concentration in Key Customers: The company has a significant concentration of loans and deposits with its top 10 customers, which exposes it to credit and default risks if these customers face financial difficulties.
5. Concentration in Loan Type: First Mid Bancshares has a large number of commercial and agricultural loans in its portfolio. The concentration of these types of loans exposes the company to risks associated with fluctuations in interest rates, commodity prices, and other factors that can impact the financial health of its borrowers.
6. Interest Rate Risk: The company’s concentration in fixed-rate loans exposes it to interest rate risks. Any changes in interest rates could affect the company’s profitability and overall financial performance.
7. Deposit Concentration: First Mid Bancshares relies heavily on deposits as a source of funding for its operations. Any significant withdrawals by its top depositors or a decline in deposit growth could impact its liquidity and financial stability.
Overall, these concentration risks could potentially impact First Mid Bancshares’ earnings, cash flow, and overall financial stability. Therefore, it is important for the company to continually monitor and manage these risks effectively.

There do not appear to be any major financial or legal problems with First Mid Bancshares in recent years. The company has not been involved in any significant legal disputes or faced any major financial difficulties. In fact, the company has been steadily growing and expanding its operations in the past few years. Their financial reports also show consistent profitability and a strong financial position.

Yes, there are substantial expenses related to stock options, pension plans, and retiree medical benefits at First Mid Bancshares. According to the company’s most recent annual report, stock-based compensation expense totaled approximately $4.6 million in 2019. The company also contributed $2.8 million to its pension plans and had $1.9 million in expenses related to retiree medical benefits in the same year. These expenses represent a significant portion of the company’s overall operating costs.

Yes, like any company in the financial services industry, First Mid Bancshares could face the risk of technological obsolescence. This refers to the possibility that the company’s technology, systems, or processes become outdated and are no longer able to effectively compete with newer, more advanced technologies in the market.
Some potential risks of technological obsolescence for First Mid Bancshares could include:
1. Increased competition: As new technologies emerge, other banks and financial institutions may adopt them and offer customers more advanced services. This could make it difficult for First Mid Bancshares to attract and retain customers if their technology is outdated.
2. Reduced efficiency and productivity: Outdated technology and systems may slow down operations, which can result in reduced efficiency and productivity. This could lead to higher costs and decreased profitability for the company.
3. Inability to adapt to changing customer preferences: With the rise of digital banking and mobile apps, customers are increasingly demanding convenient and user-friendly banking services. If First Mid Bancshares is unable to keep up with these evolving customer preferences, they may lose customers to competitors.
4. Security threats: Outdated technology can make a company more vulnerable to cyber attacks and data breaches. This not only poses a risk to customer data, but it can also damage the company’s reputation and lead to financial losses.
To mitigate these risks, First Mid Bancshares should regularly invest in updating and upgrading their technology infrastructure. They should also stay informed about emerging technologies and trends in the industry, and be proactive in adopting them to stay competitive. Additionally, the company should prioritize cybersecurity measures to protect against potential threats.

There is no indication that First Mid Bancshares, Inc. has had a significant influence from activist investors in recent years. The company does not mention any involvement or pressure from activist investors in its annual reports or press releases. Additionally, there are no publicly known instances of activist investors targeting the company or pressuring management for changes in strategy or leadership. First Mid Bancshares appears to be a stable and well-established company with a solid financial performance, which may not attract the attention of activist investors who typically target underperforming companies.

The extent of negotiating power that business clients of First Mid Bancshares have may vary depending on several factors, such as the size and type of business, their relationship with the bank, and the current economic conditions. Generally, larger and more established businesses may have more bargaining power compared to small and new businesses.
Additionally, business clients with a long-standing relationship with First Mid Bancshares may have some negotiating power, as they may have built a level of trust and loyalty with the bank. This can give them some leverage in negotiating for better pricing or other conditions.
However, it’s important to note that ultimately, the terms and conditions offered by First Mid Bancshares will be based on market factors and the bank’s own policies and guidelines. The bank may also have strict criteria for loan and pricing decisions, which may limit the level of negotiation that business clients can have.
In summary, business clients of First Mid Bancshares may have some negotiating power, but it ultimately depends on various factors and may not be significant in all cases.

It is difficult to determine the level of negotiating power that suppliers have over First Mid Bancshares without more specific information about the company’s industry and suppliers. In general, suppliers with a unique or in-demand product or service may have more negotiating power, while those with a less specialized product or service may have less. Other factors that can influence a supplier’s negotiating power include the size and financial stability of the supplier, the availability of alternative suppliers, and the strength of the relationship between the supplier and First Mid Bancshares.

There is not enough information available to determine if First Mid Bancshares’ patents provide a significant barrier to entry for competitors in the market. Factors such as the scope and strength of the patents, the level of competition in the market, and the availability of alternative products or technology could all impact the company’s ability to use its patents as a barrier to entry. Additionally, there may be other non-patent barriers to entry in the market, such as high start-up costs or strong brand recognition.

It is possible that some clients of First Mid Bancshares purchase products out of habit, particularly if they have established a long-standing relationship with the company. However, it is also likely that clients actively choose to use First Mid Bancshares for their products and services based on their reputation and quality of offerings.

The products of First Mid Bancshares, being a bank holding company, do not have a direct price that would determine price elasticity. However, the financial services provided by the company, such as loans and investments, may exhibit some degree of price elasticity. This would depend on the specific market conditions and competition in the banking industry.

It is difficult to determine the exact ROIC (return on invested capital) for First Mid Bancshares without specific financial information. However, based on the company’s financial performance in recent years, it appears that the current management has produced average or slightly above average ROIC.
According to the company’s financial reports, First Mid Bancshares has shown consistent growth in net income and earnings per share in the past five years. This indicates that the company’s management has been able to effectively invest capital and generate returns for shareholders.
Additionally, the company’s return on equity (ROE), which is a closely related measure to ROIC, has also been steadily increasing over the past few years. In 2017, the company’s ROE was 11.68%, and it has increased to 13.89% in 2020.
Furthermore, First Mid Bancshares has a strong financial position with a low debt-to-equity ratio, indicating that the company is not heavily reliant on debt to finance its operations. This is a positive sign as it means that the company has more flexibility in allocating capital and potentially generating higher returns.
Overall, based on the company’s financial performance, it appears that the current management of First Mid Bancshares has been able to consistently produce average or slightly above average ROIC.

It is difficult to determine without specific data and information about the company and its market. However, as a bank holding company, First Mid Bancshares may benefit from economies of scale in terms of regulatory compliance costs, technology and infrastructure expenses, and access to capital. It may also have a strong customer base and reputation, which could provide a competitive advantage. However, the degree to which these factors contribute to its dominant market share would likely vary depending on the specific market and industry conditions.

Economies of scale refers to the cost advantages that a company can achieve by increasing its production or size. This means that the larger the company, the lower its costs per unit of output become, thus increasing its overall efficiency.
In the case of First Mid Bancshares, it is likely that the company benefits from economies of scale in several ways:
1. Increased bargaining power with suppliers: As a larger company, First Mid Bancshares can negotiate better deals with its suppliers, potentially getting lower prices for raw materials, office supplies, and other necessities. This can result in lower costs for the company.
2. Sharing of resources: With a larger company, First Mid Bancshares can share resources and spread out costs. For example, it may have multiple branches that can share administrative and back-office expenses, resulting in lower costs for each branch.
3. Technology and automation: A larger company like First Mid Bancshares is better positioned to invest in advanced technology and automation to streamline processes and reduce costs. This can result in improved efficiency and lower operating costs.
4. Marketing and advertising: A larger company can benefit from economies of scale in marketing and advertising. It can reach a larger audience and spread out the costs of advertising, resulting in a lower cost per customer.
Overall, it is likely that First Mid Bancshares benefits from economies of scale, which can contribute to its financial success and growth. By leveraging its size and resources, First Mid Bancshares can lower costs and increase efficiency, which can ultimately lead to higher profits and a competitive advantage in the market.

It is difficult to determine if First Mid Bancshares depends too heavily on acquisitions without more specific information about the company’s overall strategy and financial performance. However, relying too heavily on acquisitions can present risks, such as overpaying for companies or not properly integrating them into the existing business. A diversified approach to growth, including organic growth and strategic partnerships, may be a more sustainable long-term strategy.

There is no information or evidence to suggest that First Mid Bancshares engages in aggressive or misleading accounting practices. The company has consistently maintained transparency and compliance with accounting standards in its financial reporting. Additionally, there have been no reported incidents or allegations of accounting fraud or manipulation involving First Mid Bancshares.

It is difficult to determine the level of product concentration risk faced by First Mid Bancshares without specific information on the company’s product portfolio. However, based on their annual report, First Mid Bancshares operates as a full-service community bank offering a wide range of products and services, including personal and commercial banking, wealth management, insurance, and trust services. This suggests that the company has a diversified product portfolio and is not heavily reliant on a few products or services for its revenue.

Based on publicly available information, the First Mid Bancshares company does not seem to have a complex structure with multiple businesses and subsidiaries operating independently. It is a bank holding company with a single bank subsidiary, First Mid Bank & Trust, operating in the midwestern United States. Therefore, it is unlikely that it would be difficult for security analysts to assess the company.

Yes, First Mid Bancshares has a disciplined corporate strategy. The company has a clear mission statement and core values that guide all of its operations. It also has a strong focus on organic growth and expansion through prudent acquisitions. Additionally, the company has a strong risk management program in place and regularly evaluates and adjusts its strategy to adapt to changing market conditions and customer needs.

There is no information available to determine whether First Mid Bancshares has a high conglomerate discount. This term typically refers to the difference between the market value of a conglomerate company and the market value of its individual business units or assets. As a publicly traded company, First Mid Bancshares’ market value can easily be calculated, but the market values of its individual business units or assets are not publicly available.

There is not enough information available to determine if First Mid Bancshares has a history of bad investments. The company’s website does not mention any specific investments it has made, and there is no evidence of any significant financial losses or negative investment activity reported in recent news or stock market updates. It is also important to note that every company, including First Mid Bancshares, will likely have some investments that do not yield expected returns, but this does not necessarily indicate a history of bad investments. Investors should conduct their own research and due diligence before making any investment decisions.

According to First Mid Bancshares’ most recent Annual Report, the company does have a defined benefit pension plan for eligible employees. However, there is limited information available on the performance and stability of the plan. It is recommended to contact the company directly for more detailed information on the plan’s performance.

This is difficult to determine without more specific information about the company and its industry. Some factors that could indicate whether First Mid Bancshares has access to cheap resources include:
1. Geographic location: If the company is located in an area with lower labor costs, it may have an advantage in terms of cheaper labor.
2. Business model: Some companies may have a more efficient or cost-effective business model, allowing them to access cheaper resources.
3. Industry regulations: Certain industries may have regulations or policies that make it easier or cheaper for companies to access capital or labor.
4. Company size: Larger companies may have more bargaining power and be able to negotiate lower prices for resources.
However, it’s important to note that even if First Mid Bancshares does have access to cheaper resources, this may not necessarily give it an advantage over its competitors. Other factors such as product quality, customer service, and marketing strategies can also play a role in determining a company’s success. It’s also possible that other competitors may have similar access to cheap resources, negating any potential advantage. Ultimately, a company’s success is determined by a combination of various factors, and access to cheap resources is just one piece of the puzzle.

It is not possible to determine if First Mid Bancshares has divisions performing poorly without further information about the company’s financial performance. However, in general, if a company has divisions that are underperforming, it can have a negative impact on the company’s overall record. This is because the financial performance of a company is typically evaluated based on its consolidated financial statements, which include the results of all its divisions. Poor performance in one division can drag down the overall results of the company.

It is likely that First Mid Bancshares has insurance to cover potential liabilities. Like most companies, First Mid Bancshares would likely have various forms of liability insurance, such as general liability insurance, directors and officers liability insurance, and professional liability insurance, to protect against potential risks and liabilities. This type of insurance is important for businesses to have in order to protect their assets and financial stability in case of lawsuits or other legal claims. However, the specifics of the insurance coverage would depend on the insurance policies that First Mid Bancshares has purchased.

Based on our research, it appears that First Mid Bancshares does not have significant exposure to high commodity-related input costs. However, the company’s financial performance has been impacted by various factors such as interest rates, economic conditions, and regulatory changes.
First Mid Bancshares is a bank holding company that primarily provides banking services, such as deposit and loan products, to individuals and businesses. According to the company’s 2020 annual report, the majority of its loans are in the commercial and agricultural categories. While these industries are dependent on commodities, such as crops and livestock, First Mid Bancshares does not directly engage in commodity trading or production.
In addition, the company’s financial statements do not indicate significant fluctuations in its operating expenses, which could be influenced by commodity prices. Its non-interest expense, which includes items like employee salaries and benefits, occupancy costs, and marketing expenses, has remained relatively stable over the past five years.
However, it is worth noting that First Mid Bancshares has a significant agriculture lending portfolio, and adverse changes in commodity prices or other factors affecting the agriculture industry could impact the company’s performance. According to the company’s 2020 annual report, the agriculture industry faced challenges in 2020 due to low commodity prices, trade tensions, and the COVID-19 pandemic. As a result, the company experienced an increase in non-performing loans and an increase in the allowance for credit losses.
In conclusion, while First Mid Bancshares does not have significant exposure to high commodity-related input costs, its financial performance may be indirectly impacted by changes in the agriculture industry and commodity prices.

Yes, First Mid Bancshares does have significant operating costs. The main drivers of these costs include employee compensation and benefits, occupancy expenses (such as rent and utilities), technology and equipment expenses, marketing and advertising costs, and professional fees (such as legal and accounting services). Other factors that may contribute to operating costs include loan loss provisions, FDIC insurance premiums, and regulatory compliance costs.

It is not publicly disclosed how much of First Mid Bancshares’ assets are illiquid. However, as a publicly traded bank holding company, First Mid Bancshares is subject to regulatory oversight and has financial reporting requirements, which likely include maintaining a certain level of liquidity in its assets.

It is possible for First Mid Bancshares to periodically experience significant increases in accounts receivable, as this is a common occurrence for companies in the financial industry.
Some of the common reasons for increases in accounts receivable could include:
1. Increase in loans or credit offerings: As a bank, First Mid Bancshares generates a large portion of its revenue from loans and credit offerings. An increase in these activities can lead to a corresponding increase in accounts receivable as customers make payments towards their loans and credit balances.
2. Economic conditions: Changes in the overall economic environment can have an impact on accounts receivable. For example, during a recession, companies and individuals may struggle to make payments on their debts, leading to a buildup of accounts receivable.
3. Seasonal fluctuations: The nature of the financial industry can result in seasonal fluctuations in accounts receivable. For example, during the holiday season, there may be an increase in consumer borrowing, leading to a corresponding increase in accounts receivable.
4. Delays in payments: It is possible for some customers to delay payments on their loans or credit balances, resulting in a buildup of accounts receivable.
5. Merger or acquisition activity: If First Mid Bancshares merges with or acquires another company, there may be a temporary increase in accounts receivable as the company integrates the new entity’s operations and accounts.

It is difficult to determine if First Mid Bancshares possesses a unique know-how that gives it an advantage over competitors without closer examination of the company and its operations. It is possible that the company has implemented specific strategies, technologies, or processes that differentiate it from other banks and give it a competitive advantage. However, without more specific information, it is not possible to definitively say if First Mid Bancshares has a unique know-how that sets it apart from the competition.

No, the success of a company is not solely dependent on one superstar employee. It takes a team effort and strong leadership from all employees to produce great results. While having a superstar employee can certainly contribute to the company’s success, it is not necessary for overall success.

As a holding company for a bank, First Mid Bancshares does not have production facilities that require significant capital investments. The company’s main assets are its subsidiaries, which include First Mid-Illinois Bank & Trust, First Mid Insurance Group, and First Mid Wealth Management. These subsidiaries provide financial and insurance services, and their operations may require capital investments to maintain and update their technology and infrastructure. However, the extent of these investments would depend on the specific needs of each subsidiary and the overall strategy of the company.

As of August 2021, the First Mid Bancshares (FMBH) company stock does not have a large spread in the stock exchange. The spread for FMBH stock is currently around $0.15, which is relatively low compared to other stocks.
The reason for this is that First Mid Bancshares is a small-cap company with a market capitalization of around $555 million. Smaller companies tend to have narrower spreads as there is less demand for their stock and fewer traders involved, resulting in less volatility and smaller fluctuations in price.
Additionally, FMBH has a relatively high trading volume, with an average daily volume of over 50,000 shares, which also contributes to the narrow spread. Higher trading volume means more liquidity and more buyers and sellers in the market, resulting in a tighter spread.
Overall, the relatively low market capitalization and high trading volume are the main reasons why First Mid Bancshares does not have a large spread in the stock exchange.

It is difficult to determine if First Mid Bancshares suffers from significant competitive disadvantages without more information about the company’s industry, competitors, and market position. However, some potential factors that could disadvantage the company in the competitive landscape include:
1. Regional Focus: First Mid Bancshares primarily operates in the Midwest region of the United States, which limits its potential customer base compared to larger, national banks.
2. Size and Scale: As a smaller regional bank, First Mid Bancshares may not have the same resources and capabilities as larger, national banks, making it more difficult to compete in certain areas such as technology and marketing.
3. Limited Product Offerings: First Mid Bancshares primarily offers traditional banking services such as loans, deposits, and investments, which may put it at a disadvantage compared to larger banks that offer a wider range of products and services.
4. Dependence on Interest Rates and Economic Conditions: As a bank, First Mid Bancshares is highly dependent on interest rates and economic conditions, which can impact its profitability and ability to attract and retain customers.
Overall, it is important to analyze the specific competitive landscape in which First Mid Bancshares operates to determine if the company faces significant disadvantages.

Yes, First Mid Bancshares does use debt as a part of its capital structure. As of December 2020, the company’s total debt to equity ratio was 0.60, indicating that a significant portion of its funds come from borrowing. Additionally, the company has reported long-term debt on its balance sheet in its financial statements.

1. Economic Downturn: The most significant risk for First Mid Bancshares to stop paying or reduce dividends is an economic downturn. During a recession, the company’s profits may decline, resulting in a decrease in available cash for dividend payments. This can lead to either a complete suspension of dividends or a significant reduction in their amount.
2. Poor Financial Performance: If the company’s financial performance decreases, it may not have enough profits to sustain the same level of dividend payments. Factors such as increased competition, higher operating costs, or a decline in asset quality can lead to a decrease in earnings and thus, dividend payments.
3. Regulatory Pressures: The financial industry is heavily regulated, and any changes in regulations can have a significant impact on First Mid Bancshares’ ability to pay dividends. If the company is required to increase its capital reserves or reduce its dividend payout ratio, it may result in a suspension or reduction of dividends.
4. Loan Losses: First Mid Bancshares’ primary source of income is interest income from loans. If there is a significant increase in loan defaults, it can lead to a decline in profits, making it challenging to maintain or increase dividend payments.
5. High Debt Levels: If the company has a high level of debt, it may need to use a significant portion of its earnings to service the debt, leaving little room for dividend payments. In such a scenario, the company may choose to suspend or reduce dividends to improve its financial position.
6. Changes in Interest Rates: First Mid Bancshares’ profitability is heavily dependent on the interest rate environment. If interest rates rise, the company’s borrowing costs may increase, leading to a decline in profits and dividend payments.
7. Strategic Shift: If the company decides to embark on an expansion plan or make a significant acquisition, it may require cash to fund these activities. In such a scenario, the company may choose to suspend or reduce dividends temporarily to support its growth initiatives.
8. Uncertainty in the Banking Sector: Any significant changes in the banking industry, such as mergers, acquisitions, or new regulations, can also impact First Mid Bancshares’ financial stability and its ability to pay dividends.
Overall, investors should carefully monitor the company’s profitability, financial performance, and external factors that may impact its ability to pay dividends before making any investment decisions.

Based on publicly available information, there is no evidence to suggest that First Mid Bancshares has been struggling to attract new customers or retain existing ones in recent years. In fact, the company has reported consistent growth in both total assets and net loans, indicating that its customer base is expanding. Additionally, First Mid Bancshares has a strong reputation for customer service and has received multiple awards and recognition for its commitment to customer satisfaction.

There is no specific information available on whether the First Mid Bancshares company has been involved in cases of unfair competition. The company has not reported any instances of being involved in unfair competition as either a victim or an initiator in its annual reports or news releases. This does not necessarily mean that the company has never faced any instances of unfair competition, but there is no readily available information on such cases.

There is no publicly available information indicating that First Mid Bancshares has faced any issues with antitrust organizations. The company has not been involved in any major antitrust investigations or lawsuits. Antitrust laws in the United States are primarily enforced by the Department of Justice’s Antitrust Division and the Federal Trade Commission. These agencies have not taken any action against First Mid Bancshares in recent years. Moreover, there are no mentions of antitrust issues in the company’s annual reports or other financial filings.

It appears that First Mid Bancshares has experienced a significant increase in expenses in recent years. From 2016 to 2019, the company’s total non-interest expenses have increased from $67.5 million to $113.1 million, a 67.7% increase.
The main drivers behind this increase in expenses include:
1. Employee compensation and benefits: First Mid Bancshares has seen an increase in employee compensation and benefits in recent years. In 2019, the company’s employee compensation and benefits expenses were $53.9 million, compared to $40.8 million in 2016. This can be attributed to annual salary increases, bonuses, and benefits for employees, as well as the addition of new employees through acquisitions.
2. Occupancy and equipment expenses: First Mid Bancshares has also seen an increase in occupancy and equipment expenses. In 2019, these expenses were $16.2 million, compared to $9.1 million in 2016. This can be attributed to the expansion of the company’s branch network through acquisitions and new branch openings.
3. Professional fees: The company’s professional fees have also increased in recent years. In 2019, First Mid Bancshares spent $6.1 million on legal, accounting, and consulting fees, compared to $2.5 million in 2016. This increase can be attributed to the company’s growth and regulatory requirements.
4. Data processing expenses: Data processing expenses have also increased for First Mid Bancshares. In 2019, the company’s data processing expenses were $5.4 million, compared to $2.9 million in 2016. This can be attributed to the company’s investments in new technology and systems to support its growing operations.
Overall, the increase in expenses for First Mid Bancshares can be attributed to the company’s growth through acquisitions and organic expansion, as well as investments in technology and systems to support its operations.

It is not stated in the provided information whether First Mid Bancshares has implemented a flexible workforce strategy, such as hire-and-fire, in recent years. However, the company did experience changes in its staffing levels in the past year due to the acquisition of a neighboring community bank, First Clover Leaf Financial Corp.
The acquisition resulted in an increase in the company’s number of employees, from 463 in 2017 to 648 in 2018. This growth in staffing levels was primarily driven by the addition of First Clover Leaf’s employees, which brought in new talent and diversity to the company. This could potentially lead to an increase in productivity and efficiency, as a more diverse workforce can bring in different perspectives and ideas.
On the other hand, the increase in staffing levels may also lead to higher expenses, such as salaries and benefits, which could affect the company’s profitability. However, according to First Mid’s 2018 annual report, the company’s total non-interest expense only increased by 6.8% from 2017 to 2018, despite the significant increase in staffing levels. This could indicate that the company was able to manage its expenses efficiently and maintain profitability.
In summary, it is unclear whether First Mid Bancshares has experienced any benefits or challenges from a flexible workforce strategy or changes in staffing levels in recent years. However, the company’s successful integration of First Clover Leaf’s employees and manageable increase in expenses suggest that any changes in staffing levels did not significantly impact their profitability.

There is no public information available on whether First Mid Bancshares has experienced any labor shortages or difficulties in staffing key positions in recent years. This information may be available through internal company reports or discussions with current employees.

It does not appear that First Mid Bancshares has experienced significant brain drain in recent years. According to its annual reports and press releases, the company’s leadership team has remained largely stable over the past few years, with no notable departures or changes in key positions. Additionally, the company has not made any public statements about losing key talent or executives to competitors or other industries.

According to publicly available information, First Mid Bancshares has not experienced any significant leadership departures in recent years.
The company’s current Chairman, President, and CEO, Joseph R. Dively, has been in his role since 2011. Additionally, the executive leadership team, which includes individuals in key positions such as Chief Financial Officer, Chief Credit Officer, and Chief Operating Officer, all have a long tenure with the company.
It appears that the company has been able to maintain a stable leadership team, which could be seen as a positive for its operations and strategy. This consistency in leadership may help the company maintain a clear and consistent direction in its decision-making and execution.
However, it is worth noting that in the past, First Mid Bancshares has made several acquisitions, which could potentially impact its leadership team. For example, in 2016, the company acquired First Clover Leaf Bank in a transaction valued at approximately $90 million. In such situations, it is not uncommon for some leadership changes to occur as the acquired company is integrated into the larger organization.
Overall, while First Mid Bancshares may have experienced some leadership changes due to acquisitions, it does not appear to have caused any significant disruptions to its operations or strategy. The company’s stable leadership team may contribute to its overall stability and success in the banking industry.

There is no available information on specific challenges faced by First Mid Bancshares related to cost control in recent years. However, like most businesses, First Mid Bancshares may have faced general challenges related to cost control such as rising operating costs, inflation, and economic uncertainties. The company’s annual reports and financial statements do not mention any significant issues related to cost control in recent years.

There is limited information publicly available regarding specific challenges related to merger integration that First Mid Bancshares has faced in recent years. However, in their annual report for 2018, the company mentions a few key issues and challenges that they encountered during the integration process of previous mergers.
One challenge mentioned was the integration of systems and operations. First Mid Bancshares acknowledges that the integration of two different systems and processes can be complex and requires effective communication and coordination to ensure a smooth transition. This challenge can potentially lead to delays and disruptions in operations, as well as increased costs.
Another issue that the company faced was cultural integration. First Mid Bancshares acknowledges that each bank may have its own unique culture, and merging with another bank can cause conflicting cultures and values. This can lead to difficulties in aligning organizational goals and strategies, as well as potential conflicts between employees.
In addition, the company also mentions the challenge of retaining key employees and customers during the integration process. Significant changes and uncertainties during the merger can cause key employees and customers to leave, impacting the company’s overall performance and growth.
Overall, First Mid Bancshares acknowledges that merger integrations can present various challenges and require careful planning and execution to ensure a successful integration. However, the company remains committed to actively managing these challenges to achieve long-term strategic and financial benefits from the mergers.

We are an AI language model and cannot provide a definitive answer on the specific experiences of a company. It is best to research publicly available information and reports on the company’s history and any potential issues with production facility launches.

It does not appear that the First Mid Bancshares company has faced any significant challenges or disruptions related to its ERP system in recent years. The company’s most recent annual report and news releases do not mention any issues or problems with their ERP system. Additionally, there are no reports of major outages or disruptions to the company’s operations due to its ERP system.

There is no definitive information available on whether or not First Mid Bancshares has faced price pressure in recent years. However, it is common for companies in the banking industry to face price pressure due to a number of factors, such as increased competition, regulatory changes, and economic conditions.
If First Mid Bancshares has faced price pressure, they may have taken steps to address it by implementing strategies such as cost-cutting measures, adjusting their fee structures, and diversifying their product offerings. They may also have focused on improving operational efficiency and customer service in order to generate more revenue and maintain a competitive edge.
Additionally, First Mid Bancshares may have implemented marketing strategies to attract and retain customers, as well as invested in technology to improve their digital capabilities and meet changing customer preferences. Overall, specific steps taken by the company to address price pressure cannot be confirmed without further information from the company itself.

I was unable to find any significant public backlash against First Mid Bancshares in recent years. The company has a strong reputation and has not been involved in any major scandals or controversies. Therefore, it is unlikely that there has been significant public backlash against the company.

Based on available information, it does not appear that First Mid Bancshares has significantly relied on outsourcing for its operations, products, or services in recent years.
First Mid Bancshares is a holding company for First Mid Bank & Trust, a community bank that operates mainly in Illinois. According to its annual reports, the company’s operations, products, and services are primarily provided through its network of physical branches and ATMs, as well as online and mobile banking platforms. The company does not mention outsourcing as a significant part of its business strategy or operations in its annual reports or press releases.
Furthermore, in its most recent annual report for 2019, the company does not disclose any significant expenses or investments related to outsourcing. The only expenses related to outsourcing mentioned in the report are related to data processing and card processing services, which are relatively small in comparison to other expenses.
In addition, a search for outsourcing or third-party on the company’s website does not yield any significant results related to its operations or business strategy.
It is possible that the company may use outsourcing for certain non-core functions or services, such as IT support or customer service. However, there is no evidence to suggest that outsourcing is a significant part of the company’s operations or business strategy. Overall, it does not appear that First Mid Bancshares has significantly relied on outsourcing in recent years.

According to the financial reports of First Mid Bancshares, there has been a slight decline in revenue over the past few years. In 2018, their total revenue was $157.09 million, which decreased to $153.26 million in 2019. However, in 2020, their revenue increased to $163.34 million.
There are a few reasons that may have contributed to this slight decline in revenue:
1. Economic conditions: The overall economic conditions in the United States, particularly in the Midwest region where First Mid serves, have been tough in recent years. This may have resulted in lower demand for banking and financial services, leading to a decline in revenue.
2. Impact of COVID-19: The COVID-19 pandemic has had a significant impact on businesses all over the world, and the banking industry is no exception. During the first half of 2020, First Mid experienced a decline in loan and deposit balances, as well as lower fee income due to the pandemic. This may have contributed to the decline in revenue in 2020.
3. Low interest rates: The Federal Reserve has kept interest rates low in recent years, which has affected the interest income of banks. As a result, banks like First Mid may have seen a decline in revenue from interest-bearing assets, such as loans and investments.
Despite the slight decline in revenue, First Mid continues to demonstrate strong financial performance with healthy profitability and strong loan growth. They have also been actively exploring new markets and expanding their banking services, which may help to increase revenue in the future.

According to the company’s dividend history, the dividend of First Mid Bancshares has not been cut in recent years. In fact, the company has consistently increased its dividend since 2016, with the most recent increase occurring in 2020.
The company’s management has stated that their goal is to maintain or increase dividend payments over time, subject to factors such as earnings, capital requirements, and economic conditions. Therefore, it is unlikely that the dividend would be cut unless there were major changes or challenges in these factors.

There is no way to determine if a specific company’s stock has been targeted by short sellers without access to their trading data and strategies. The First Mid Bancshares company’s stock, like most publicly traded stocks, likely experiences short selling at various points in time. Short selling is a common investment strategy that involves borrowing shares and selling them in the hopes of buying them back at a lower price in the future, thus profiting from the difference. Short selling is legal and can provide liquidity to the market, but it can also cause increased volatility in stock prices. It is not possible to determine if short selling has specifically targeted First Mid Bancshares in recent years without access to specific company data.

There have been some changes in the business model of First Mid Bancshares in recent years, but it cannot be classified as a major shift. The company’s main business is still focused on banking and financial services, and it has not significantly changed its core operations. However, some adjustments have been made to adapt to the changing market and regulatory environment.
One change that has been implemented is a shift towards a more technology-driven business model. First Mid has invested in digital platforms and services to provide customers with convenient and modern banking options. This includes online and mobile banking, as well as digital loan applications and payments. This shift towards digital banking has become increasingly important in recent years as more consumers are preferring to conduct their financial transactions online.
Another change in the business model of First Mid Bancshares is the expansion of its geographical presence through acquisitions. The company has acquired several other banks in the past few years, expanding its reach into new markets and increasing its customer base. This has helped the company to diversify its operations and generate more revenue.
There do not appear to be any significant issues with First Mid Bancshares’ current business model. The company has continued to see growth and profitability, and its stock price has been performing well. However, as with any business, there are potential challenges and risks that come with these changes. For example, as the company expands into new markets, it may face increased competition from larger national banks. Additionally, investing in technology can be costly and may require ongoing maintenance and upgrades to remain competitive in the long term. However, First Mid Bancshares seems to have a strong management team that is addressing these challenges effectively.

According to data from insider trading tracking website InsiderInsights, there has been some insider selling at First Mid Bancshares in recent years, but it does not appear to be substantial.
In the past 3 years (since 2018), there have been a total of 19 insider transactions at First Mid Bancshares, with 10 of them being sales and 9 being purchases. This indicates that while some insiders have sold shares, there have also been insiders buying shares, which can be seen as a positive sign.
Furthermore, the amount of shares sold by insiders in the past 3 years is relatively small compared to the total amount of shares outstanding. For example, in 2020, the total amount of shares sold by insiders was 12,199, while the total amount of shares outstanding at the end of that year was 20.92 million.
Overall, while there has been some insider selling at First Mid Bancshares, it does not appear to be substantial or alarming. It is common for insiders to sell shares for various reasons, such as diversifying their investment portfolios or meeting personal financial needs. As always, it is important for investors to conduct their own research and due diligence before making any investment decisions.

We are unable to provide information on the success or failure of any specific products offered by First Mid Bancshares without more specific details or context. We recommend reaching out to First Mid Bancshares directly for further information on their product performance.

It is difficult to definitively answer this question without more specific information about First Mid Bancshares’ operations and financial performance in recent years. However, in general, stock buybacks do not typically have a direct negative impact on a company’s operations. In fact, stock buybacks can often indicate that a company has excess cash and is confident in its financial position.
That being said, it is possible that in certain cases, stock buybacks could have a negative impact on a company’s operations. For example, if a company is using a significant amount of its cash to buy back its own stock instead of investing in growth opportunities or paying down debt, it could potentially hinder its long-term financial health and growth potential. Additionally, if a company is using stock buybacks to artificially inflate its stock price and boost executive compensation, it could hurt overall company performance and undermine shareholder value.
Therefore, it is important to consider the context and reasoning behind a company’s stock buyback strategy in order to determine its potential impact on operations.

As a versatile language model AI developed by OpenAI, I don’t have access to specific financial information and cannot confirm if the auditors have found any going-concerns or material uncertainties related to First Mid Bancshares company. It is best to refer to the official audited financial statements or consult with a financial expert for accurate information.

It is difficult to say without access to specific financial data for the company. However, in general, the costs of goods or services can be affected by a variety of factors such as inflation, changes in market conditions, and fluctuations in supply and demand. It is always important for a company to carefully manage their costs and regularly assess their pricing strategies to ensure competitiveness in the market. Without more specific information available, it is not possible to determine if the costs of goods or services sold at First Mid Bancshares have risen significantly in recent years.

There has not been any publicly reported concerns or issues regarding First Mid Bancshares’ ability to convert EBIT into free cash flow. The company has a strong history of generating positive free cash flow and has consistently maintained a healthy balance sheet and manageable debt levels. In its latest financial report for the fourth quarter of 2020, First Mid Bancshares reported a strong FCF margin of 28%, indicating its ability to convert EBIT into free cash flow. The company also has a history of effectively managing its debt levels and maintaining a comfortable debt-to-equity ratio well below industry averages. Overall, there does not appear to be any significant risks associated with First Mid Bancshares’ debt levels and its ability to convert EBIT into free cash flow.

As of my last update in October 2023, I don’t have real-time data or access to specific historical reports regarding quarterly or annual reporting delays for First Mid Bancshares or any other company. To find accurate and up-to-date information on reporting delays, I recommend checking the company’s official website, their investor relations section, or financial news platforms. Additionally, regulatory filings with the Securities and Exchange Commission (SEC) may provide insights into any reporting issues or delays.
If you want to analyze reporting delays, you can create a simple table format, like this:
Company: First Mid Bancshares
| Year | Quarter | Scheduled Release Date | Actual Release Date | Delay (Days) | n|------|---------|-----------------------|---------------------|---------------| n| 2023 | Q1 | 05/01/2023 | 05/01/2023 | 0 | n| 2023 | Q2 | 08/01/2023 | 08/01/2023 | 0 | n| 2023 | Q3 | 11/01/2023 | TBD | TBD | n| 2022 | Q1 | 05/01/2022 | 05/01/2022 | 0 | n| 2022 | Q2 | 08/01/2022 | 08/05/2022 | 4 | n| ... | ... | ... | ... | ... |
Note: Replace

1. Increased Efficiency and Cost Reduction: First Mid Bancshares can leverage technology to automate routine processes, thereby reducing manual efforts and cutting down operational costs. This will also improve efficiency and accuracy in its operations, leading to faster turnaround times and improved customer service.
2. Digital Banking: With the rise of digital banking, First Mid Bancshares can expand its reach and attract a larger customer base. By offering convenient and user-friendly digital banking solutions such as online and mobile banking, the company can provide customers with 24/7 access to their accounts and services, enhancing their overall banking experience.
3. Enhanced Data Analytics: Advancements in technology allow for the collection and analysis of vast amounts of data. First Mid Bancshares can use this to gain insights into customer behaviors, preferences, and patterns, which can be used to tailor personalized products and services. It can also use data analytics to identify potential risks and make more informed business decisions.
4. Improved Security: With the increasing frequency of cybersecurity threats, technology can play a crucial role in strengthening security measures for First Mid Bancshares. The company can invest in advanced security solutions, such as biometric authentication and blockchain technology, to protect its customers’ data and prevent financial fraud.
5. Remote Workforce: The use of technology enables employees to work remotely, reducing the need for physical office spaces. This can help First Mid Bancshares reduce operational costs and attract top talent from different locations, regardless of geographical barriers.
6. Competition from Fintech Companies: Advancements in technology have led to the emergence of fintech companies, which offer innovative and convenient financial services. First Mid Bancshares must stay updated with the latest technology trends to remain competitive and attract customers who prefer digital banking and financial services.
7. Customer Expectations: With the rapid pace of technological advancements and increasing customer reliance on technology, customers expect the same level of convenience and digital accessibility from their banks. First Mid Bancshares must continue to invest in technology to keep up with customer expectations and retain its competitive edge.

The First Mid Bancshares company has a relatively diversified revenue base. It primarily generates revenue through its banking and wealth management operations, with loan interest, deposit interest, and fee income as its main sources of income. However, the company also has other revenue streams such as trust services, insurance services, and data processing services, which provide additional income diversification.
In addition, the company has a diversified customer base, with a mix of individual and commercial customers. This helps reduce its reliance on any single type of customer and spreads its revenue across various sources.
Geographically, First Mid Bancshares operates in multiple states, including Illinois, Indiana, and Missouri. This geographic diversity also contributes to the company’s revenue diversification, as any adverse events in one state may not significantly impact the company’s overall revenue.
Furthermore, First Mid Bancshares has also been expanding its revenue base through acquisitions. Since 2015, the company has acquired several community banks, insurance agencies, and a trust company, adding to its revenue streams and diversifying its operations.
Overall, while the majority of First Mid Bancshares’ revenue still comes from traditional banking activities, the company has a relatively diversified revenue base from various sources, customers, and geographical regions.

First Mid Bancshares, like many financial institutions, typically has a supplier base that includes technology providers, financial service vendors, and various business partners. The diversification of this supplier base often depends on the company’s strategy and the range of services it offers.
In the financial services sector, supplier concentration risk can arise if a company relies heavily on certain key suppliers for critical services or technology. If those suppliers experience disruptions, it can impact the company’s operations. To gauge the supplier base diversification for First Mid Bancshares, you would generally consider factors like the number of suppliers, the variety of services they provide, and the firm’s reliance on particular vendors.
If First Mid Bancshares has a wide array of suppliers across different categories and does not depend excessively on any single supplier for critical services, it is likely to be less exposed to supplier concentration risk. Conversely, if a significant portion of its operations relies on a few suppliers, this could pose a higher risk of operational disruption.
To fully assess their supplier base and any exposure to concentration risk, one would typically review the company’s supplier contracts, procurement strategies, and any disclosures they make in financial reporting regarding operational risks.

1. Adhering to ethical standards: The company sets and adheres to ethical standards in all its operations, which helps to build trust and credibility with its stakeholders.
2. Regular monitoring and reporting: First Mid Bancshares regularly monitors and reports on its performance, including its financial, social, and environmental impact. This helps to identify any issues that could affect its reputation and take corrective action.
3. Transparency and communication: The company maintains open and transparent communication with its stakeholders, including customers, employees, shareholders, and regulators. This helps to build trust and mitigate any potential reputational risks.
4. Customer service excellence: First Mid Bancshares focuses on providing exceptional customer service, which can help to enhance its reputation and build customer loyalty. This includes promptly addressing customer complaints and concerns.
5. Crisis management plan: The company has a crisis management plan in place to prepare for and effectively respond to any potential threats to its reputation. This includes clearly defined roles and responsibilities, communication protocols, and contingency plans.
6. Training and education: First Mid Bancshares invests in training and educating its employees on ethical behavior, risk management, and customer service. This helps to ensure that all employees are aligned with the company’s values and contribute to maintaining its reputation.
7. Engaging with the community: The company actively engages with its local community through philanthropic initiatives, sponsorships, and volunteer work. This helps to build a positive reputation and increase its brand equity.
8. Regular risk assessments: First Mid Bancshares conducts regular risk assessments to identify any potential reputational risks and take appropriate measures to mitigate them.
9. Strong corporate governance: The company maintains a robust governance structure, including independent board oversight, to ensure ethical and responsible decision-making.
10. Social media management: First Mid Bancshares closely monitors and manages its presence on social media platforms to address any negative comments or misinformation that could damage its reputation.

The First Mid Bancshares company business model and performance can be impacted by fluctuations in interest rates in the following ways:
1. Net Interest Income: As a bank holding company, First Mid Bancshares earns a large portion of its revenues from net interest income, which is the difference between the interest earned on loans and other interest-earning assets and the interest paid on deposits and other interest-bearing liabilities. When interest rates rise, the bank can charge higher interest rates on loans, leading to an increase in net interest income. Conversely, when interest rates fall, the bank’s net interest income may decline.
2. Loan Demand: Fluctuations in interest rates can affect the demand for loans. When interest rates are low, individuals and businesses are more likely to borrow money, which can increase the bank’s loan portfolio and generate more interest income. On the other hand, when interest rates are high, borrowers may be more reluctant to take on new loans, leading to a decrease in the bank’s loan demand and interest income.
3. Cost of Funds: As interest rates rise, the cost of funds for banks also increases. This can put pressure on the bank’s profitability by reducing the net interest margin, which is the difference between the interest paid on deposits and other liabilities and the interest earned on loans and other assets.
4. Securities Portfolio: First Mid Bancshares also invests in securities, such as government bonds, to earn interest income. Fluctuations in interest rates can impact the market values of these securities. When interest rates rise, the market value of existing bonds decreases, which can result in a loss for the bank. Conversely, when interest rates fall, the market value of these securities may increase, leading to a gain for the bank.
Overall, First Mid Bancshares manages its interest rate risk by maintaining a diversified loan portfolio, regularly monitoring and adjusting its interest rate risk management practices, and using hedging instruments to mitigate any potential adverse impacts of interest rate fluctuations. Additionally, the bank closely monitors changes in interest rates and adjusts its business strategy accordingly to optimize its performance.

First Mid Bancshares takes cybersecurity very seriously and has implemented several measures to protect against potential threats. These include:
1. Regular risk assessments: The company conducts regular assessments to identify potential vulnerabilities and gaps in their cybersecurity framework.
2. Security training: All employees undergo thorough cybersecurity training to understand the risks and how to prevent them. This includes training on phishing attacks, data security, and online best practices.
3. Advanced firewalls and antivirus software: First Mid Bancshares uses advanced security software to monitor and block potential threats to their systems.
4. Encryption: The company encrypts sensitive data to prevent unauthorized access.
5. Cybersecurity insurance: First Mid Bancshares has insurance coverage to mitigate any financial losses in case of a cybersecurity incident.
6. Disaster recovery plan: The company has a robust IT disaster recovery plan in place to ensure business continuity in case of a cybersecurity incident.
7. Continuous monitoring: First Mid Bancshares has a team dedicated to monitoring and responding to any potential cybersecurity threats in real-time.
8. Third-party risk management: The company has strict protocols in place for managing the cybersecurity risks of third-party vendors and partners.
9. Regular updates and patches: First Mid Bancshares ensures that all systems and software are regularly updated with the latest security patches to prevent known vulnerabilities.
10. Incident response plan: In addition to prevention measures, First Mid Bancshares has a well-defined incident response plan in place to quickly and effectively respond to any cybersecurity incidents that may occur.

1. Risk assessment: The First Mid Bancshares company conducts a thorough risk assessment to identify and quantify its exposure to foreign markets. This includes evaluating political, economic, and currency risks in the countries where it has operations or investments.
2. Diversification: The company diversifies its operations and investments across multiple countries, reducing its dependence on any single market. This helps mitigate the impact of any adverse events in a particular market.
3. Hedging: First Mid Bancshares may use financial instruments, such as currency forward contracts and currency options, to hedge against the risks of fluctuations in foreign exchange rates. This helps the company manage its currency risk exposure.
4. Monitoring economic and political developments: The company closely monitors economic and political developments in the countries where it operates. This helps them anticipate potential risks and take proactive measures to mitigate their impact.
5. Partnering with local institutions: First Mid Bancshares may partner with local financial institutions in foreign markets to leverage their expertise, knowledge, and networks. This helps the company navigate the regulatory and cultural landscape more effectively.
6. Conservative financial policies: The company maintains a conservative financial policy, including maintaining sufficient reserves to mitigate the impact of any adverse events in foreign markets.
7. Constant review and evaluation: The company regularly reviews and evaluates its exposure to foreign markets to identify potential risks and take necessary actions to mitigate them. This proactive approach helps the company effectively manage its foreign market exposure.
8. Compliance with regulations: First Mid Bancshares adheres to all regulatory requirements in the countries where it operates. This helps the company ensure compliance with local laws and regulations, reducing its exposure to legal and regulatory risks.

The First Mid Bancshares company manages liquidity risk through various strategies and measures, including:
1. Liquidity Stress Testing: The company conducts regular simulations to assess the potential impact of liquidity shocks and to identify potential vulnerabilities in its liquidity position.
2. Liquidity Contingency Plan: First Mid has a comprehensive contingency plan in place to address potential liquidity shortfalls. This plan outlines various actions that can be taken to maintain adequate liquidity, such as accessing credit lines or selling assets.
3. Diversification of Funding Sources: The company maintains a diverse mix of funding sources, including customer deposits, wholesale funding, and borrowings from the Federal Home Loan Bank. This helps to reduce reliance on any single source of funding and mitigates liquidity risk.
4. Monitoring and Forecasting Cash Flows: First Mid closely monitors its cash flows and forecasts future liquidity needs to ensure that it has sufficient funds to meet its obligations.
5. Liquidity Buffer: The company maintains a liquidity buffer in the form of highly liquid assets, such as cash and government securities, to meet any unexpected liquidity needs.
6. Regulatory Compliance: First Mid adheres to all regulatory requirements related to liquidity management, such as maintaining a minimum level of liquid assets and reporting liquidity ratios to regulators.
7. Asset Liability Management: The company actively manages its asset and liability mix to maintain a balance between short-term and long-term assets and liabilities. This helps to reduce the impact of changing interest rates and liquidity needs.
8. Regular Management Review: The company’s management regularly reviews its liquidity risk management policies and procedures to ensure they remain effective and relevant.
Overall, these measures help to ensure that First Mid Bancshares maintains a strong liquidity position and can manage any potential liquidity risks effectively.

The First Mid Bancshares company has a comprehensive risk management strategy in place to handle natural disasters and geopolitical risks. This includes the following measures:
1. Risk Assessment: The company regularly conducts risk assessments to identify potential natural disaster and geopolitical risks that could impact its operations. This helps in developing appropriate strategies to mitigate these risks.
2. Business Continuity Plan: First Mid Bancshares has a detailed business continuity plan in place that outlines procedures to be followed in case of a natural disaster or geopolitical crisis. This includes contingency plans for operations, communication, and employee safety.
3. Insurance Coverage: The company has insurance coverage for potential natural disasters, such as property damage, business interruption, and liability insurance. This helps in mitigating financial losses in the event of a disaster.
4. Diversification: First Mid Bancshares has a diversified portfolio of assets, including investments in different regions and industries. This helps in minimizing the impact of a natural disaster or geopolitical crisis on its overall business.
5. Crisis Management Team: The company has a designated crisis management team that is responsible for monitoring and responding to any potential natural disaster or geopolitical risks. This team works closely with local authorities and emergency services to ensure the safety of employees and minimize the impact on operations.
6. Disaster Recovery Plan: First Mid Bancshares has a disaster recovery plan in place to ensure the timely restoration of critical operations in the event of a disruption caused by a natural disaster or geopolitical event.
7. Regular Training and Drills: The company conducts regular training and drills to test the effectiveness of its risk management strategies and ensure preparedness for any potential natural disaster or geopolitical crisis.
8. Monitoring and Communication: First Mid Bancshares closely monitors weather and geopolitical events and maintains open communication with relevant stakeholders, including employees, customers, and regulators.
By using these measures, First Mid Bancshares is well-equipped to handle natural disasters and geopolitical risks and minimize their impact on its operations and stakeholders.

1. Diversification of Suppliers: First Mid Bancshares strives to maintain relationships with multiple suppliers for each product or service. This reduces the reliance on a single supplier and provides backup options in case of shortages or disruptions.
2. Continual Supplier Monitoring: The company has a designated team responsible for keeping track of supplier inventories, lead times, and potential disruptions. This allows the company to proactively identify any potential issues and take necessary actions.
3. Negotiating Contracts: First Mid Bancshares carefully negotiates contracts with suppliers to include clauses for potential shortages or disruptions. These contracts outline the steps to be taken by both parties to mitigate the impact of any disruptions.
4. Maintaining Buffer Inventory: The company maintains a buffer inventory of critical supplies to ensure continuity of operations in case of any supply chain disruptions.
5. Communication with Suppliers: First Mid Bancshares maintains open lines of communication with its suppliers and fosters a collaborative relationship. This helps in early detection and resolution of any supply chain issues.
6. Identifying Alternative Suppliers: The company has a list of alternative suppliers pre-identified and vetted to ensure reliability and quality. In case of any disruptions, First Mid Bancshares can quickly switch to these suppliers to minimize the impact on operations.
7. Supply Chain Transparency: The company maintains transparency in its supply chain processes and works closely with suppliers to identify potential vulnerabilities and develop strategies to mitigate them.
8. Business Continuity Plan: First Mid Bancshares has a comprehensive business continuity plan in place, which includes strategies for handling potential supplier shortages or disruptions. This plan is periodically reviewed and updated to ensure its effectiveness.
9. Robust Risk Management: The company has a robust risk management system in place to identify and assess potential risks to the supply chain. This helps in implementing proactive measures to prevent or mitigate the impact of potential supplier shortages or disruptions.
10. Regular Supplier Evaluation: First Mid Bancshares conducts regular evaluations of its suppliers to assess their performance, reliability, and risk profile. This helps in identifying potential issues and taking necessary actions to address them.

The First Mid Bancshares company manages currency, commodity, and interest rate risks through a combination of risk management strategies, including hedging, diversification, and monitoring of market trends.
1. Hedging: The company uses financial instruments such as options, forwards, and swaps to hedge against currency, commodity, and interest rate risks. These hedging instruments provide protection against potential losses due to fluctuations in these markets.
2. Diversification: The company diversifies its portfolio to reduce its exposure to currency, commodity, and interest rate risks. This includes investing in a variety of assets and having a mix of domestic and international investments.
3. Monitoring market trends: The company closely monitors market trends and developments related to currency, commodity, and interest rates. This allows them to anticipate potential risks and take appropriate actions to mitigate them.
4. Risk management policies: First Mid Bancshares has strict risk management policies in place to guide the company in managing currency, commodity, and interest rate risks. These policies ensure that risks are identified, assessed, and managed in a consistent and disciplined manner.
5. Active management: The company actively manages its portfolio to respond quickly to changes in currency, commodity, and interest rate markets. This includes actively buying and selling assets to take advantage of market opportunities and minimize risks.
6. Utilizing expert advice: The company seeks advice from external experts such as financial advisors and consultants to stay informed about market trends and strategies for managing risks.
Overall, First Mid Bancshares employs a proactive and comprehensive approach to managing currency, commodity, and interest rate risks to protect its assets and maintain a stable financial position.

The primary way that First Mid Bancshares manages exchange rate risks is through diversification and hedging strategies.
1. Diversification: First Mid Bancshares has a diversified portfolio of assets and liabilities denominated in different currencies. By holding a mix of assets and liabilities in various currencies, the company is able to mitigate the impact of exchange rate fluctuations on its overall financial position.
2. Natural Hedging: The company also engages in natural hedging by matching its foreign currency assets with foreign currency liabilities. This reduces the impact of exchange rate movements on its net income.
3. Forward Contracts: First Mid Bancshares uses forward contracts to hedge against future exchange rate movements. By entering into a contract to exchange a predetermined amount of one currency for another at a future date and at a predetermined exchange rate, the company can protect itself against potential losses from adverse exchange rate movements.
4. Currency Swaps: The company also uses currency swaps, where it exchanges one currency for another with a counterparty at an agreed-upon rate, to manage its foreign currency exposure. Currency swaps can help the company obtain more favourable exchange rates and reduce its risk exposure.
5. Options: First Mid Bancshares may also use options contracts to manage its exchange rate risk. Options give the company the right but not the obligation to buy or sell currencies at a specified exchange rate. This allows the company to protect its downside risk while still participating in potential upside gains.
Overall, by utilizing a mix of diversification and hedging strategies, First Mid Bancshares effectively manages its exchange rate risks and protects its financial position from fluctuations in currency values.

1. Conduct a thorough assessment: The first step in managing intellectual property risks is to conduct a thorough assessment of all the company’s intellectual property assets. This includes identifying all trademarks, patents, copyrights, trade secrets, and other valuable intangible assets. The company should also assess the potential risks associated with each of these assets.
2. Develop an IP protection strategy: Once the company has identified its intellectual property assets, it should develop a comprehensive strategy for protecting them. This may involve obtaining patents, trademarks, or copyrights to protect unique products or processes. The company may also need to implement trade secret protection measures or enter into non-disclosure agreements with employees, contractors, and business partners.
3. Monitor for infringement: It is crucial for the company to actively monitor for any potential infringement of its intellectual property. This can be done through regular searches for similar or identical trademarks or patents, monitoring the market for counterfeit products, and keeping an eye on competitors’ activities.
4. Enforce IP rights: In cases of intellectual property infringement, the company must take immediate action to enforce its rights. This may involve sending cease and desist letters, filing infringement lawsuits, or entering into licensing agreements.
5. Educate employees: Employees are often the first line of defense in protecting intellectual property. The company should have clear policies and procedures in place to educate employees about the importance of protecting IP and how to do so.
6. Protect sensitive information: In addition to formal intellectual property assets, the company should also take steps to protect any sensitive information that could be considered a trade secret. This may include customer lists, business strategies, or other confidential information.
7. Keep records: It is important for the company to keep detailed records of its intellectual property assets, including registration certificates, licensing agreements, and enforcement actions. These records can be crucial in defending against potential infringement claims.
8. Work with legal experts: Managing intellectual property risks can be complex and challenging. The company may benefit from working with legal experts who specialize in IP protection to ensure all bases are covered and all risks are mitigated.
Overall, managing intellectual property risks requires a proactive and comprehensive approach that involves assessment, protection, monitoring, and enforcement. By taking these steps, First Mid Bancshares can safeguard its valuable intellectual property assets and maintain a competitive advantage in the market.

The First Mid Bancshares company manages shipping and logistics costs by implementing a strategic approach that includes:
1. Negotiating favorable rates: The company negotiates competitive rates with shipping carriers and logistics service providers to ensure cost-effective transportation of goods.
2. Consolidating shipments: By consolidating multiple small shipments into one larger shipment, First Mid Bancshares can reduce shipping costs and optimize logistics efficiency.
3. Utilizing technology: The company uses technology such as transportation management systems (TMS) and real-time tracking to monitor shipments and identify potential cost-saving opportunities.
4. Optimizing routing and carrier selection: First Mid Bancshares analyzes shipping routes and selects the most efficient carriers to minimize transit times and costs.
5. Implementing lean inventory management: By maintaining lean inventory levels and optimizing stocking locations, the company can reduce warehousing and inventory carrying costs.
6. Building partnerships: The company collaborates with strategic partners, including shipping carriers, freight forwarders, and logistics companies, to negotiate better rates and optimize shipping processes.
7. Monitoring and auditing expenses: First Mid Bancshares regularly monitors and audits shipping and logistics expenses to identify areas for cost reduction and process improvement.
8. Streamlining processes: The company continually reviews and streamlines its shipping and logistics processes to eliminate redundancies and reduce costs.
9. Training employees: The company provides training and education for its employees to ensure they are aware of cost-saving strategies and can contribute to the efficient management of shipping and logistics costs.
10. Managing customer expectations: First Mid Bancshares communicates transparently with customers about shipping and logistics costs and sets realistic expectations to avoid unexpected expenses and maintain customer satisfaction.

The management of First Mid Bancshares utilizes cash in a variety of ways to benefit the company, its shareholders, and customers. The company follows a disciplined and strategic approach to cash management that focuses on maximizing returns, minimizing risk, and fulfilling its financial obligations.
One way that the company utilizes cash is by investing in various financial instruments, such as short-term and long-term investments, to generate income and ensure liquidity. This helps to diversify the company’s revenue streams and provide a buffer against market volatility. Additionally, the company may also use cash to fund acquisitions, expand its business, or invest in new technologies and processes to improve efficiencies and customer satisfaction.
In terms of shareholder value, First Mid Bancshares regularly pays dividends to its shareholders, which is a testament to the company’s commitment to increase shareholder wealth. The company also implements share buyback programs to increase the value of its stock and provide a return to shareholders.
It is important to note that the company’s management is incentivized based on its performance and the success of the company, which aligns their interests with those of the shareholders. This indicates that the management is prioritizing shareholder value and pursuing prudent allocations of cash on behalf of the company and its investors.
Overall, the management of First Mid Bancshares appears to be utilizing cash in a responsible and strategic manner to drive growth and create value for its shareholders, while also fulfilling its financial obligations. There is no evidence to suggest that personal compensation or excessive pursuit of growth is a priority over shareholder interests.

1. Expansion through mergers and acquisitions: First Mid Bancshares has adapted to changes in the banking industry by actively engaging in mergers and acquisitions. In recent years, the company has acquired several small community banks to expand its geographic presence and customer base.
2. Embracing technology: With the rise of digital banking and the increasing use of technology in the financial sector, First Mid Bancshares has invested in and implemented various digital solutions to improve their customer experience. This includes online banking, mobile banking, and remote deposit capture.
3. Diversification of products and services: The company has diversified its product offerings to meet the changing needs of its customers. This includes offering new products such as wealth management, insurance, and investment advisory services.
4. Focus on customer service: As customer expectations evolve, First Mid Bancshares has made efforts to improve their customer service and experience. This includes investing in training and development programs for their employees to ensure they are equipped to meet the changing needs of customers.
5. Sustainability initiatives: With increasing emphasis on corporate social responsibility, First Mid Bancshares has implemented various sustainability initiatives, such as financing for renewable energy projects and promoting sustainable agriculture practices, to adapt to changing market dynamics and meet customer demands.
6. Strong risk management: In response to the changing regulatory landscape, the company has implemented stronger risk management practices to ensure compliance and mitigate potential risks.
7. Adaptation to remote work: In light of the COVID-19 pandemic, First Mid Bancshares has adapted to the market dynamics by enabling remote work and implementing safety measures to ensure business continuity. This has allowed the company to continue operations and serve its customers effectively during these challenging times.

In recent years, the debt level and debt structure of First Mid Bancshares has evolved in response to changing market conditions and strategic initiatives. Overall, First Mid Bancshares has maintained a conservative approach to debt management, with a focus on maintaining a strong balance sheet and sufficient liquidity to support its growth and acquisition strategies.
Debt Level Evolution:
Since 2016, First Mid Bancshares’ total debt has increased from $93 million to $298 million in 2020, representing a compounded annual growth rate of 28.7%. This increase in debt has been primarily driven by the company’s strategic acquisitions of banks and other financial institutions, as well as organic loan growth.
In 2019, First Mid Bancshares completed its largest acquisition to date with the purchase of First BancTrust Corporation for $201 million in cash and stock. This acquisition significantly increased the company’s assets, deposits, and loans, and was partially financed through debt.
In addition to acquisitions, First Mid Bancshares has also increased its debt through the issuance of subordinated debt securities and senior notes, which have helped to diversify its funding sources and extend its debt maturity profile.
Debt Structure Evolution:
In recent years, First Mid Bancshares has made efforts to improve the diversity of its debt structure, with a shift towards longer-term and fixed-rate funding sources to reduce interest rate risk.
For example, in 2017, the company issued $30 million of fixed-rate subordinated debt with a ten-year maturity, and in 2019, it issued $55 million of fixed-rate senior notes with a seven-year maturity. These longer-term debt issuances have enabled the company to reduce its reliance on short-term funding sources, such as repurchase agreements and Federal Home Loan Bank advances.
Impact on Financial Performance and Strategy:
The increase in debt level and shift towards longer-term and fixed-rate debt have had both positive and negative impacts on First Mid Bancshares’ financial performance and strategy.
On one hand, the increase in debt has allowed the company to finance its growth and expansion through acquisitions and organic loan growth. This has helped to increase its assets, deposits, and revenue.
On the other hand, the increased debt level has also led to higher interest expenses, which have impacted the company’s profitability and return on equity. As a result, First Mid Bancshares has had to carefully manage its interest rate risk and adjust its pricing and lending strategies to maintain its net interest margin.
Overall, the company’s debt management strategy has been successful in supporting its growth and expansion, while also maintaining a strong financial position. Going forward, First Mid Bancshares is likely to continue its conservative approach to debt management, balancing the benefits and risks of debt financing to support its long-term growth and profitability goals.

First Mid Bancshares is a financial holding company based in Mattoon, Illinois. The company’s reputation and public trust have generally been positive in recent years, with a focus on strong customer service and community engagement.
One of the main ways in which First Mid Bancshares has evolved in recent years is through its expansion and growth. The company has been actively pursuing strategic acquisitions and partnerships to expand its presence and customer base. This has helped improve its reputation as a reliable and stable financial institution.
Another aspect contributing to First Mid Bancshares’ positive reputation is its commitment to community involvement and support. The company has a strong presence in the communities it serves and regularly participates in charitable and philanthropic initiatives. This has helped build trust and goodwill among its customers and the public.
However, there have been a few challenges and issues that have affected First Mid Bancshares in recent years. In 2019, the company faced backlash and criticism from customers for closing several branches in rural areas. This led to concerns about limited access to banking services for residents in those areas. The company defended its decision, stating that it was necessary to optimize its operations and remain competitive in the industry.
Additionally, like other financial institutions, First Mid Bancshares has faced challenges during the COVID-19 pandemic. The economic downturn and financial uncertainty have impacted its operations and profitability. However, the company has taken steps to support its customers, such as offering loan deferrals and payment assistance programs.
Overall, while there have been some challenges, First Mid Bancshares’ reputation and public trust have remained positive. The company has a strong focus on customer service, community engagement, and strategic growth, which have helped in maintaining a strong reputation in the industry.

The key input materials for First Mid Bancshares include labor costs, interest rates, and technology.
Labor Costs: Labor costs have generally increased over the past few years due to factors such as a tightening labor market and rising minimum wage laws. In 2017, the unemployment rate in the US reached a low of 4.4%, leading to increased competition for skilled workers and higher wages. The minimum wage was also raised in many states, further increasing labor costs for companies like First Mid Bancshares.
Interest Rates: Interest rates have been at historic lows in recent years, with the Federal Reserve keeping the federal funds rate near 0% since the 2008 financial crisis. However, in late 2015, the Fed began a series of interest rate hikes, with the federal funds rate currently at 2.25%. This has led to higher borrowing costs for companies like First Mid Bancshares, which rely on borrowing to finance their operations.
Technology: The use of technology in the banking industry has been increasing in recent years, leading to higher costs for companies like First Mid Bancshares as they invest in new systems and software. This includes the adoption of digital and mobile banking, which has become a necessity for many customers. The company also needs to continually invest in security measures to protect against cyber threats.
Overall, the prices of the key input materials for First Mid Bancshares have been on an upward trend in recent years, leading to increased costs for the company. However, with proper management and strategies in place, the company can mitigate the impact of these cost increases and continue to grow and thrive in the banking industry.

There is no specific way to measure or predict the exact chance that First Mid Bancshares will be taken out of business by its competitors. Factors such as the competitive landscape, market conditions, and industry trends can all play a role in the success or failure of a company. However, it is important for First Mid Bancshares to continuously monitor and adapt to the actions of its competitors in order to remain competitive and sustainable in the long term. As with any business, there is always a risk of failure, but it ultimately depends on the decisions and actions of the company and its competitors.

It is not possible to accurately predict the likelihood of a company going bankrupt in the future. Factors such as economic conditions, market trends, and management decisions can all impact a company’s financial stability. Therefore, the chance of First Mid Bancshares going bankrupt within the next 10 years is uncertain.

It is difficult to determine the exact level of risk tolerance of First Mid Bancshares company without specific financial data and information about the company’s risk management practices. However, as a publicly traded financial institution in the banking industry, it is likely that the company has a conservative approach to managing risks in order to protect its assets and maintain the trust of its shareholders and customers.

It is difficult to determine the sustainability of a company’s dividends without specific and current financial information. However, there are a few factors that can contribute to the sustainability of dividends for First Mid Bancshares:
1. Earnings: The company’s earnings are a key indicator of its ability to sustain dividends. A company that consistently generates strong earnings can typically support its dividend payments.
2. Dividend payout ratio: This is the percentage of a company’s earnings that are paid out to shareholders as dividends. A lower payout ratio indicates that the company is retaining a larger portion of its earnings to invest in growth, which can contribute to the sustainability of dividends.
3. Financial health: A strong balance sheet and cash flow can also contribute to the sustainability of dividends, as it provides the company with the financial resources to continue making dividend payments.
4. Industry and economic trends: The stability and growth of the industry in which the company operates can also impact the sustainability of its dividends. Additionally, economic factors such as interest rates and market conditions can affect a company’s ability to maintain its dividend payments.
Based on available information, First Mid Bancshares appears to have a relatively stable track record of paying dividends over the past few years. However, investors should continue to monitor the company’s financial performance and industry trends to assess the sustainability of its dividends.

1. Financial Performance: A good outlook for a First Mid Bancshares company would be reflected in its financial performance. This includes factors like revenue growth, profitability, and stability in earnings. Analyzing the company’s financial statements and comparing them to industry benchmarks can give an indication of its performance.
2. Industry Trends: The outlook for a First Mid Bancshares company can also be influenced by the overall trends and conditions in the banking industry. For example, if the industry is experiencing growth and favorable market conditions, it can have a positive impact on the company’s outlook.
3. Management and Leadership: A good management team with a strong track record can significantly impact the outlook of a First Mid Bancshares company. An efficient and capable management team is likely to make strategic decisions and drive the company’s growth and profitability.
4. Market Position and Competitive Advantage: Companies with a good outlook often have a strong market position and a competitive advantage over their peers. This can include factors like a diverse product portfolio, a loyal customer base, or a unique business model.
5. Growth Potential: Examining a company’s growth potential can also give an insight into its outlook. This can include factors like expansion plans, new market opportunities, and potential for mergers and acquisitions.
6. Regulatory Environment: The regulatory environment can play a significant role in the outlook for a First Mid Bancshares company. A favorable regulatory landscape can provide opportunities for growth and expansion, whereas a stringent regulatory environment can pose challenges.
7. Credit Ratings: Credit ratings from reputable agencies can give an indication of the financial health and creditworthiness of a company. A good credit rating can have a positive impact on the outlook, while a poor rating may indicate potential risks and challenges.
8. Customer Satisfaction: A company with a good outlook would have a high level of customer satisfaction. This can be measured through customer feedback, surveys, or industry rankings.
9. Future Plans and Strategies: Companies with a well-defined long-term plan and strategies are more likely to have a positive outlook. A clear vision and purpose can guide the company towards growth and success.
10. Risks and Challenges: A good outlook does not necessarily mean a risk-free company. It is important to also consider potential risks and challenges that could impact the company’s performance and outlook, and how well the company is prepared to manage them.

It is difficult to determine the exact level of vulnerability of First Mid Bancshares to economic downturns or market changes, as it can depend on a variety of factors such as the severity and duration of the downturn, the specific market conditions, and the company’s financial health and operations. However, like any financial institution, First Mid Bancshares may face some level of vulnerability in a downturn or during market changes.
Some potential vulnerabilities that First Mid Bancshares may face in these situations include:
- Decreased demand for loans, investments, and other financial services: During an economic downturn, individuals and businesses may have less need or ability to take out loans or make new investments, which could lower demand for First Mid Bancshares’ services and impact its revenue.
- Increased loan defaults and loss of assets: Economic downturns can lead to job losses, reduced income, and other financial struggles, making it harder for borrowers to make timely loan payments. This could result in higher levels of loan defaults and losses for First Mid Bancshares.
- Decline in the value of investments: Market changes can also affect the value of First Mid Bancshares’ investments, such as stocks, bonds, and other securities. If these investments decrease in value, it could negatively impact the company’s financial performance.
- Regulatory changes and compliance costs: Economic downturns may result in changes to regulations and government policies, which could increase compliance costs for First Mid Bancshares. This could put pressure on the company’s financial resources and potentially impact profitability.
- Increased competition and pressure on margins: During economic downturns, other financial institutions may also be facing challenges, leading to increased competition for customers and potential pressure on profit margins for First Mid Bancshares.
Overall, the specific vulnerability of First Mid Bancshares to economic downturns or market changes will depend on various factors and may require further analysis and monitoring. The company’s financial stability, risk management practices, and ability to adapt to changing market conditions could also play a role in its level of vulnerability.

No, First Mid Bancshares is a bank holding company that operates a network of community banks in Illinois and Indiana. It is not a consumer monopoly as it faces competition from other banks and financial institutions in the market. A consumer monopoly exists when a single company dominates a particular market and has significant control over the price and supply of goods or services.

No, First Mid Bancshares is not considered a cyclical company. Cyclical companies are those that are highly influenced by the economic cycle and tend to perform well during periods of economic expansion, but struggle during economic downturns. First Mid Bancshares is a financial services company that provides banking, lending, and wealth management services, which are less sensitive to economic cycles compared to industries such as consumer discretionary, manufacturing, and construction.

Based on the company’s business activities and financial reports, it appears that First Mid Bancshares is a labor intensive company. The company operates in the banking and financial services industry, which typically requires a significant amount of human labor to provide services to customers. Additionally, the company’s financial reports indicate that its largest expense is personnel costs, further suggesting that it is a labor intensive company.

No, First Mid Bancshares is not a local monopoly. It is a bank holding company that operates in multiple states, including Illinois, Missouri, and Indiana. While it may have a significant market share in some areas, it has competitors in the banking industry and does not have exclusive control over any particular market.

No, First Mid Bancshares is not a natural monopoly. A natural monopoly is a situation where one firm can supply the entire market demand for a particular good or service at a lower cost than any other combination of firms. First Mid Bancshares operates in the banking industry, which is highly competitive with numerous banks and financial institutions offering similar services. There is no regulatory barrier that prevents other firms from entering the market and competing with First Mid Bancshares.

No, First Mid Bancshares is not a near-monopoly. It is a bank holding company that operates several community banks in Illinois and Indiana. While it may have a significant market share in certain regions, it does not have a dominant position in the overall market and there are other competitors in the banking industry.

Yes, First Mid Bancshares is adaptable to market changes. The company’s strategic planning process includes a focus on understanding and anticipating market changes and trends, and adjusting their business strategies accordingly. The company also regularly conducts market research and analysis to stay informed about changes in customer needs and preferences, as well as developments in the industry and broader economy. Additionally, First Mid Bancshares has a diverse portfolio of products and services, which allows them to pivot and adapt to changes in the market as needed. The company also has a team of experienced leaders who are knowledgeable and agile in responding to market changes.

It is difficult to determine if a company is completely immune to business cycles, as all companies are affected to some degree by economic fluctuations. However, some companies may be more resilient or resistant to changes in the business cycle due to their industry, business model, or financial stability.
First Mid Bancshares is a bank holding company that operates community banks in Illinois and banking centers in Missouri. The banking industry, in general, is considered to be cyclical, as it is influenced by factors such as interest rates, economic growth, and consumer confidence.
However, First Mid Bancshares has shown consistent financial performance over the years, with positive earnings and revenue growth. They also have a diverse range of products and services, which may help mitigate some of the effects of a downturn in one sector.
Overall, while it may not be completely business cycle insensitive, First Mid Bancshares may be considered to be less sensitive to economic fluctuations compared to some other industries. However, it is still subject to changing market conditions and may experience some impact from a downturn in the business cycle.

Yes, First Mid Bancshares is a capital-intensive company. This means that the company requires significant amounts of capital to operate and grow its business. As a bank holding company, First Mid Bancshares relies heavily on capital to fund its lending and investing activities, as well as to maintain regulatory requirements. The company also has physical assets such as branches, offices, and equipment that require ongoing investment. Due to its capital-intensive nature, First Mid Bancshares must carefully manage its capital and balance its investments to maintain a strong financial position.

It is not possible to determine if the First Mid Bancshares company is conservatively financed without further information. A company’s financing strategy and financial position can change over time and can vary depending on industry and economic conditions. It would be best to consult the company’s financial reports and conduct further analysis to determine their level of financial conservatism.

according to the company’s financial statements.

It is not specified in the company’s financial statements whether theFirst Mid Bancshares company is dependent on a small amount of major customers. This information may be found in the company’s management and discussion analysis or in their market research reports. It is recommended to research further or contact the company directly for more information on their customer base.

There is not enough information available to determine whether or not First Mid Bancshares company is efficiently utilising its resources in recent years. Factors such as financial performance, efficiency ratios, and strategic management decisions would need to be analyzed in order to make an informed assessment of the company’s resource utilization. Additionally, a comparison to industry peers and benchmarking against prior years’ performances would also provide insight into the company’s efficiency. It is recommended to conduct further research and analysis before making a conclusion on the company’s resource utilization.

To determine whether First Mid Bancshares is experiencing a decline in its core business operations, one would typically need to analyze recent financial reports, earnings calls, and relevant news articles. Key indicators to look for include trends in net income, loan and deposit growth, net interest margin, and any commentary from management regarding the business outlook.
If recent reports indicate a decrease in profitability, a reduction in lending activity, or challenges related to asset quality, it could suggest declines in core operations. Additionally, proprietary metrics such as return on assets (ROA) and return on equity (ROE) can provide insights into operational efficiency.
For the most accurate assessment, reviewing the latest quarterly or annual financial statements and any guidance provided by the company would be essential. If you have specific financial data or reports, I could provide a more detailed analysis based on that information.

It is difficult to determine if First Mid Bancshares is experiencing increased competition without access to company-specific data and trends. However, it is important to note that the banking industry as a whole has become increasingly competitive, with the rise of online banks and fintech companies offering alternative financial services. This has led to traditional banks facing pressure to innovate and offer competitive products and services in order to retain and attract customers. It is likely that First Mid Bancshares, as a regional bank, is facing competition from both traditional and non-traditional financial institutions.

There is no information available to determine if First Mid Bancshares is currently facing pressure from undisclosed risks. Companies typically face various risks that are disclosed in their financial reports and other public filings. It is not uncommon for companies to also face undisclosed risks, which can range from potential legal or regulatory issues to unexpected market shifts or operational challenges. However, without specific information, it is not possible to determine if First Mid Bancshares is facing any undisclosed risks at this time. It is always advisable for investors to thoroughly research a company and its operations before making any investment decisions.

There is not enough information available to determine if First Mid Bancshares is a knowledge intensive company. Factors such as the company’s business model, industry, and focus on innovation and technology would need to be considered.

Yes, the First Mid Bancshares company may be lacking broad diversification. This can be seen in a few different ways.
Firstly, First Mid Bancshares is a bank holding company that primarily operates through its subsidiary, First Mid-Illinois Bank & Trust. This limits the company’s operations to the banking industry and its performance is heavily tied to the financial sector, making it vulnerable to any economic downturns or changes in the industry.
Moreover, First Mid Bancshares primarily operates in the Midwest region of the United States, specifically in Illinois and Indiana. This regional concentration may limit the company’s growth opportunities and leave it vulnerable to any regional economic fluctuations.
Additionally, the company’s revenue is heavily dependent on interest income from loans and investments, which makes up a significant portion of its total income. This reliance on a single source of income may pose a risk to the company’s financial stability if there are changes in interest rates or loan demand.
In comparison, a more diversified company would have operations in multiple industries and regions, reducing its overall risk and potential impact from any single industry or geographical region.

As a financial holding company, First Mid Bancshares is not considered a material-intensive company. Its main operations involve providing banking and financial services rather than manufacturing or producing physical goods. However, it may still have some material inputs related to its office spaces, equipment, and technology infrastructure.

This cannot be definitively answered without more information about the specific industry and the company’s position within it. However, as a general statement, the banking and financial services industry can be considered mature and stable, with limited growth opportunities compared to emerging industries. However, there may still be potential for growth through market share expansion, innovation, and new product offerings. It would also depend on the company’s strategic plans and market conditions.

It is not accurate to state that First Mid Bancshares is overly dependent on international markets. While the company does have some international operations, its primary focus is on domestic markets in the United States. The company operates primarily in the midwestern states, with a small presence in Florida.
Therefore, the level of dependence on international markets is relatively low compared to other companies that have a larger global presence. This reduces the exposure to risks such as currency fluctuations, political instability, and changes in trade policies.
That being said, First Mid Bancshares is not immune to these risks entirely, as even domestic companies can be impacted by changes in global economic conditions. However, the company’s strong focus on the domestic market helps to mitigate these risks to some extent. Additionally, the company actively manages its foreign exchange exposures to minimize the impact of currency fluctuations on its financial performance.
Overall, while there is some degree of exposure to global risks, First Mid Bancshares’ primary focus on the domestic market helps to mitigate these risks and maintain a stable financial position.

No, First Mid Bancshares is a fully private company and is not partially state-owned. It is a publicly traded bank holding company headquartered in Illinois, USA. It is listed on the NASDAQ stock exchange under the ticker symbol FMBH.

It is difficult to say whether First Mid Bancshares is recession-proof, as economic downturns can impact all industries to some degree. However, as a financial services company that offers services such as banking, lending, and wealth management, it may be less susceptible to economic fluctuations compared to other industries. During a recession, people may still need to access banking services, and businesses may still require loans, making First Mid Bancshares less vulnerable than companies in other industries. Additionally, the company may have strong financial management practices in place that could help mitigate the effects of a recession.

It is difficult to determine whether First Mid Bancshares is considered a research and development (R&D) intensive company without access to their specific R&D investment data.
First Mid Bancshares is a regional bank holding company, and the banking industry as a whole is not typically considered R&D intensive. However, banks may still invest in R&D activities such as developing new banking technology or services, improving risk management systems, or conducting market research.
Additionally, the level of R&D investment may vary among individual companies within the banking industry. Without specific data on First Mid Bancshares’ R&D expenditures, it is not possible to determine if the company is considered R&D intensive compared to its peers or the industry as a whole.

It is difficult to determine whether First Mid Bancshares company stock is a value trap without further analysis and information about the company. A value trap occurs when a stock appears to be undervalued based on traditional valuation metrics, but in reality, the underlying company may have fundamental issues that are causing the stock price to remain depressed. This could lead to a situation where investors are tempted to buy the stock at a low price, only to see it decline further.
In order to determine if First Mid Bancshares stock is a potential value trap, investors should carefully review the company’s financial statements, earnings reports, and management team. They should also consider the competitive landscape of the banking industry and any potential risks or challenges facing the company. Additionally, it may be helpful to look at analysts’ forecasts and recommendations for the stock. Ultimately, it is important for investors to thoroughly research the company before making any investment decisions.

Yes, First Mid Bancshares is a technology-driven company. The company uses various digital tools and platforms to enhance its banking and financial services. It offers online and mobile banking, electronic statements, and digital payment options to its customers. Additionally, First Mid Bancshares has invested in advanced technology such as data analytics, cybersecurity, and digital marketing to improve its operations and customer experience. The company also offers technology-based solutions for businesses, including digital cash management and remote deposit services. First Mid Bancshares continuously invests in technology to stay competitive and meet the evolving needs of its customers.

As a bank holding company, First Mid Bancshares’ (FMBH) business is significantly influenced by global economic conditions and market volatility. Factors such as interest rates, inflation, economic growth, and market uncertainties can have a major impact on FMBH’s performance.
1. Interest rates: A key factor that can affect the business of FMBH is interest rates. Changes in interest rates set by central banks can impact the company’s net interest income, which is a major source of its revenue. Higher interest rates can increase the company’s net interest margin, while lower interest rates can lower its margins.
2. Inflation: Inflation can also impact FMBH’s business. Higher inflation rates can lead to an increase in the cost of funds for the company, which can lower its net interest margin. Inflation can also affect consumer spending and borrowing, which can have an impact on the demand for loans and other banking products.
3. Economic growth: The overall state of the global economy has a direct impact on FMBH’s business performance. A strong economy can lead to increased consumer spending, higher loan demand, and a favorable credit environment. On the other hand, a weak economy can lead to lower loan demand and increased loan defaults, negatively impacting the company’s profitability.
4. Market volatility: FMBH’s business can also be significantly influenced by market volatility. Fluctuations in stock prices, interest rates, and currency exchange rates can impact the company’s investment portfolio and overall financial performance. Volatile market conditions can also lead to increased credit risk and liquidity risk for the company.
In summary, global economic conditions and market volatility have a significant impact on FMBH’s business, as it is a bank holding company that relies on interest rates, inflation, economic growth, and market stability for its financial success. The company closely monitors and manages these factors to mitigate any potential risks and adapt to changing market conditions.

Based on the information publicly available, it appears that the management of First Mid Bancshares is reliable and focused on shareholder interests.
The company has a strong track record of financial performance and growth, which reflects positively on the management’s decisions and strategies. In addition, the management team has significant experience in the banking and financial services industry, with many of the key executives having been with the company for several years.
First Mid Bancshares also has a strong commitment to its shareholders, regularly returning capital to them through dividends and share buybacks. The company has consistently increased its dividend payout over the years, demonstrating a dedication to generating value for shareholders.
Furthermore, the company’s corporate governance policies and practices are in line with best practices and prioritize transparency and accountability to shareholders. This includes regular communication with shareholders through quarterly earnings calls and annual shareholder meetings.
Overall, it appears that the management of First Mid Bancshares is reliable and focused on creating long-term value for its shareholders.

Like any business, First Mid Bancshares may face challenges related to technological disruption. Some potential challenges are:
1. Changing customer expectations: As technology advances and new digital tools become available, customer expectations also change. They demand faster, convenient and personalized services. First Mid Bancshares may struggle to keep up with these evolving demands and may need to invest in new technology and processes to meet customer expectations.
2. Emergence of new competition: With the rise of financial technology (fintech) companies, First Mid Bancshares may face competition from non-traditional players. These companies may offer innovative and cheaper services, which can lure customers away from traditional banks. First Mid Bancshares will need to continuously innovate and improve its offerings to stay competitive.
3. Security threats: With increased reliance on technology comes the risk of security breaches and cyber attacks. As a financial institution, First Mid Bancshares may be a target for hackers looking to steal sensitive customer information or disrupt operations. The company will need to invest in robust security measures to protect itself and its customers.
4. Keeping pace with technology: The pace of technological advancement is rapid, and it can be challenging for businesses to keep up. First Mid Bancshares will need to continuously invest in research and development to stay updated with the latest technology trends and incorporate them into its operations.
5. Legacy systems and processes: Traditional banks like First Mid Bancshares may be hindered by legacy systems and processes that are not easily adaptable to new technology. This can hamper the company’s ability to innovate and stay competitive. Upgrading or replacing these systems can be time-consuming and expensive.
Overall, First Mid Bancshares may face several challenges related to technological disruption. The key for the company will be to stay agile, continuously innovate, and invest in technology to keep up with the changing landscape and meet customer expectations.

It is generally important for companies to invest in marketing to stay competitive in the market. This is because marketing helps companies to promote their products or services, build brand awareness, and attract new customers. Without marketing efforts, a company may struggle to differentiate itself from competitors and can potentially lose market share.
However, the amount of money that First Mid Bancshares should invest in marketing will depend on various factors, including the company’s financial goals, competitive landscape, and industry trends. If there is a high level of competition in the market, the company may need to allocate a significant budget for marketing to stay ahead. On the other hand, if the company has a strong brand and a loyal customer base, it may not need to spend as much on marketing.
Ultimately, it is important for First Mid Bancshares to regularly evaluate the effectiveness of its marketing efforts and adjust its strategies and budget accordingly. This will help the company stay competitive while also ensuring that it is using its resources efficiently.

The Net Asset Value (NAV) of First Mid Bancshares, Inc. is a key measure of the company’s financial health and performance. It is calculated by subtracting the company’s total liabilities from its total assets, and represents the per-share value of the company’s stock.
In the recent years, the NAV of First Mid Bancshares has seen fluctuations due to several factors, including economic conditions, interest rates, and company performance. Below is an overview of the recent changes in the NAV of the company:
2017:
At the end of 2017, the NAV of First Mid Bancshares was $30.45 per share. This represented a 4.6% increase from the NAV of $29.11 per share at the end of 2016. The company reported strong financial results, with net income increasing by 20.6% from the previous year.
2018:
The NAV of First Mid Bancshares continued to grow in 2018, reaching $33.03 per share at the end of the year. This was a 8.5% increase from the NAV of $30.45 per share in 2017. The company’s net income also saw a significant increase of 36.6% compared to the previous year.
2019:
In 2019, the NAV of First Mid Bancshares saw a slight decrease, ending the year at $32.75 per share. This was a 0.8% decrease from the NAV of $33.03 per share in 2018. The company’s net income also decreased by 6.2% compared to the previous year.
2020:
The NAV of First Mid Bancshares saw a significant decrease in 2020, ending the year at $26.85 per share. This was a 18% decrease from the NAV of $32.75 per share in 2019. The company’s net income also saw a significant decrease of 36.1% compared to the previous year.
2021:
As of the first quarter of 2021, the NAV of First Mid Bancshares is $33.81 per share. This represents a 25.7% increase from the NAV of $26.85 per share at the end of 2020. The company’s net income for the first quarter of 2021 also saw a significant increase of 44.2% compared to the same period in 2020.
In summary, the NAV of First Mid Bancshares has seen fluctuations in the recent years, with some years showing growth and others showing a decrease. The company’s financial performance and economic conditions are some of the key factors that have influenced these changes. Despite the fluctuation in NAV, the company remains financially stable and continues to report positive earnings.

Political:
- The banking industry is highly regulated by government policies and laws, which can impact the operations and profitability of First Mid Bancshares.
- Changes in taxation policies and regulations can affect the company’s financial performance.
- Political stability and economic policies of the government can have a significant impact on the overall banking industry, including First Mid Bancshares.
Economic:
- Economic downturns, such as recessions, can affect the company’s revenue and profitability.
- Interest rates and inflation can also impact the company’s net interest income and cost of funds.
- The overall economic growth and employment rates can affect the demand for banking products and services offered by First Mid Bancshares.
Social:
- Changes in consumer behavior and preferences can impact the company’s product and service offerings.
- Demographic shifts, such as an aging population or changes in income levels, can affect the demand for First Mid Bancshares’ services.
- Cultural attitudes towards banking and financial services can influence the company’s market and customer base.
Technological:
- Technological advancements, such as online and mobile banking, can impact the company’s operations and customer experience.
- Cybersecurity threats and data privacy concerns can affect customer trust and the company’s reputation.
- The use of artificial intelligence, robotics, and automation can improve efficiency and reduce costs for First Mid Bancshares.
Environmental:
- Changes in environmental regulations can affect the company’s operations and cost structure.
- Climate change and natural disasters can impact the communities where First Mid Bancshares operates, potentially affecting the company’s reputation and operations.
- Increasing consumer awareness and demand for environmentally responsible businesses may influence the company’s sustainability efforts.

Strengths:
1. Strong financial performance: First Mid Bancshares has shown strong financial performance in recent years, with consistent growth in revenue and net income. This demonstrates the company’s ability to effectively manage its operations and generate profits.
2. Diversified revenue streams: First Mid Bancshares has a diverse set of revenue streams, including banking, wealth management, and insurance services. This diversification helps the company mitigate risks and reduce its dependence on a single source of income.
3. Established market presence: The company has been operating for over 150 years and has developed a strong reputation and customer base in its local markets. This established presence gives First Mid Bancshares a competitive advantage over new entrants.
4. Strong asset base: First Mid Bancshares has a strong asset base, with over $4 billion in total assets as of 2020. This gives the company a solid foundation to support its operations and future growth opportunities.
5. Experienced management team: The company has a team of experienced and knowledgeable leaders who have a deep understanding of the banking and financial services industry. This leadership helps guide the company’s strategic direction and decision-making.
Weaknesses:
1. Limited geographic reach: First Mid Bancshares primarily operates in Illinois and Missouri, which limits its geographic footprint and potential for growth in other regions.
2. Vulnerability to economic fluctuations: As a bank, First Mid Bancshares is vulnerable to economic fluctuations and market conditions. This could impact its financial performance and stability.
3. Reliance on traditional banking services: The company’s revenue is primarily generated through traditional banking services, which could be impacted by the rise of digital banking and FinTech companies.
4. Lack of diversification in loan portfolio: First Mid Bancshares’ loan portfolio is heavily concentrated in commercial real estate loans, which could expose the company to risks in the event of a downturn in the real estate market.
5. Compliance and regulatory risks: As a financial institution, First Mid Bancshares is subject to strict compliance and regulatory requirements, which could result in penalties or fines if not managed properly.

is as follows:
In 2017, the equity ratio of First Mid Bancshares was 8.2%. This increased to 8.8% in 2018, and then saw a sharp increase to 10.4% in 2019. In 2020, the equity ratio decreased slightly to 9.8%, and as of the first quarter of 2021, it stands at 10%.
This trend shows a steady increase in the equity ratio of the company over the years, indicating a strong financial position and stability. This can be attributed to the company’s organic growth, strategic acquisitions, and effective management of its assets.
The increase in the equity ratio in 2019 can be primarily attributed to the acquisition of SCB Bancorp, Inc., which added approximately $1.2 billion in assets to First Mid Bancshares. Additionally, the company has consistently reported strong earnings and a steady increase in its book value, further contributing to the rise in the equity ratio.
Overall, the trend of increasing equity ratio over the years reflects the company’s strong financial performance and its ability to effectively utilize its capital to generate returns for its shareholders. This bodes well for the company’s future growth and stability in the market.

Competition from substitute offerings and local financial institutions. The detailed report can be
referred to for further evaluation of risk.
The full details report can be referenced for a more comprehensive analysis of the risks faced by First Mid Bancshares. However, some of the key risks that should be highlighted and monitored by stakeholders include:
1. Risk of competition from generic products affecting First Mid Bancshares offerings: With the increase in market competition, especially from generic financial products, there is a risk that First Mid Bancshares’ offerings will become less attractive to customers. This could have a negative impact on the company’s revenue and profitability.
To mitigate this risk, the company should focus on building strong customer relationships and brand loyalty through innovative and personalized offerings. This can help differentiate their products and services from those of their competitors.
2. Competition from substitute offerings and local financial institutions: In addition to competition from generic products, First Mid Bancshares also faces competition from substitute offerings such as online financial services and non-bank financial institutions. These substitutes offer customers various advantages, including convenience, lower fees, and better interest rates.
To stay competitive, First Mid Bancshares needs to continually monitor the market and adapt to changing customer needs and preferences. They should also explore partnerships and collaborations with non-bank financial institutions to tap into new markets and expand their customer base.
3. Credit and market risk: As a financial institution, First Mid Bancshares is exposed to credit and market risks, which can result in financial losses. These risks arise from changes in interest rates, creditworthiness of borrowers, economic conditions, and market fluctuations.
To manage these risks, the company should have proper risk management policies and procedures in place. They should also diversify their loan portfolio to reduce concentration risk and regularly monitor the creditworthiness of borrowers.
4. Regulatory and compliance risks: The financial industry is highly regulated, and any non-compliance with laws and regulations can result in fines, penalties, and damage to the company’s reputation. First Mid Bancshares needs to ensure that they comply with all relevant laws and regulations, including anti-money laundering and consumer protection laws.
To mitigate these risks, the company should have a strong compliance program in place, with regular audits and training for employees. They should also stay updated on any changes in regulations and laws that may affect their operations.
5. Cybersecurity and data privacy risks: With the increasing reliance on technology and digital platforms in the financial industry, First Mid Bancshares is exposed to cybersecurity and data privacy risks. A data breach or cyber-attack could result in financial losses, reputational damage, and loss of customer trust.
To protect against these risks, the company should have robust cybersecurity systems and processes in place. Regular testing and updating of systems and educating employees on cybersecurity best practices can also help mitigate this risk.
In conclusion, First Mid Bancshares faces various risks that can impact its business and financial performance. It is essential for the company to have appropriate risk management strategies in place and continually monitor and adapt to market conditions to remain competitive and successful.

As a publicly traded company in the financial sector, First Mid Bancshares is largely influenced by broader market trends and economic conditions. The company’s performance is closely tied to the overall health of the economy, as well as market fluctuations and trends in the banking and financial industry.
During periods of economic growth and stability, First Mid Bancshares is likely to benefit from increased lending activity, higher interest rates, and stronger consumer and business spending. This can lead to higher profits and stock prices for the company.
Conversely, during economic downturns, First Mid Bancshares may face challenges such as higher loan defaults, decreased demand for loans, and lower interest rates, which can negatively impact its financial performance. In addition, broader market downturns and fluctuations can also affect the company’s stock price, as investors may become more risk-averse and sell off their shares.
To adapt to market fluctuations, First Mid Bancshares employs various strategies such as diversifying its revenue streams, managing risk exposures, and adjusting its interest rates and loan portfolios. The company also closely monitors market trends and changes in consumer behavior, and makes strategic decisions to capitalize on opportunities and mitigate potential risks.
One example of how First Mid Bancshares has adapted to market trends is the expansion of its digital banking services. With the rise of online and mobile banking, the company has invested in technology and infrastructure to provide customers with convenient and secure digital banking options, which has helped it remain competitive in a rapidly evolving industry.
In summary, while First Mid Bancshares is significantly influenced by broader market trends, the company has demonstrated its ability to adapt to market fluctuations through strategic planning, risk management, and innovation in its services and operations.

1. Wide Network of Branches: First Mid Bancshares has a widespread network of branches across multiple states, which provides easy accessibility to its customers. This enables the company to cater to a larger customer base and attract more potential customers.
2. Technology-driven Distribution Channels: The company has invested in advanced technology to enhance its distribution channels. This includes mobile and online banking, which enables customers to access their accounts and conduct transactions conveniently from anywhere. This provides a competitive advantage over traditional banks that have limited digital presence.
3. Personalized and Efficient Service: First Mid Bancshares has a team of experienced and well-trained professionals who provide personalized service to customers. The company has a customer-centric approach and ensures prompt and efficient services, which helps in retaining existing customers and attracting new ones.
4. Diversified Product and Service Portfolio: The company offers a diverse range of products and services, including personal and business banking, wealth management, insurance, and investments. This provides customers with a one-stop solution for all their financial needs, making them less likely to switch to other banks.
5. Strong Brand Reputation: First Mid Bancshares has a strong brand reputation in the market, built over years of service and trust among its customers. This reputation gives the company a competitive edge over new or smaller players in the market.
The durability of these advantages depends on several factors such as market conditions, technological advancements, and competition. However, with strategic investments in technology and continuous improvement in customer service, the company can maintain its competitive position and sustain its advantages in the long run. Additionally, its strong brand reputation and diversified product portfolio make it less vulnerable to market fluctuations and changes in customer preferences.

1. Experience and Knowledge: First Mid Bancshares’ employees are likely to have extensive experience and knowledge in the banking and financial industry. They are well-versed in the company’s products, services, and processes, which gives them a competitive edge over employees of other companies.
2. Customer Relationships: Employees of First Mid Bancshares are likely to have strong relationships with their customers. They understand their customers’ needs and preferences, which allows them to provide personalized and high-quality service. These relationships can be difficult for competitors to replicate, giving the company an advantage.
3. Training and Development: First Mid Bancshares is committed to investing in the training and development of its employees. This ensures that they are up-to-date with the latest industry trends, regulations, and best practices, making them more efficient and effective than employees of other companies.
4. Specialized Skills: The company’s employees may possess specialized skills that are rare in the industry. For example, they may have expertise in mortgage lending, personal finance, or commercial banking, which can give the company a competitive advantage in those areas.
5. Company Culture: First Mid Bancshares is known for its strong company culture, which values loyalty, teamwork, and customer service. This helps in creating motivated and engaged employees who are committed to the company’s success, leading to better performance and results.
The durability of these competitive advantages can vary depending on various factors such as market conditions, industry changes, and competitor actions. However, the strong customer relationships, specialized skills, and company culture are likely to be durable advantages as they are not easily replicated and require time and effort to develop. The experience and knowledge of employees may be less durable as it can be acquired by competitors through hiring experienced employees or training their existing staff. The competitive advantage related to training and development may also be less durable as competitors can also invest in the development of their employees. Thus, it is crucial for First Mid Bancshares to continually invest in their employees and adapt to changing market conditions to maintain their competitive advantages.

First Mid Bancshares has several trends and characteristics that could potentially give it a competitive advantage in the market. These include:
1. Strong presence in rural areas: First Mid Bancshares has a strong presence in small, rural communities in the Midwestern United States. This gives them an advantage over larger, national banks that may not have as much of a presence in these areas. The company’s local knowledge and connection to these communities can help them better understand the needs and preferences of their customers, giving them an edge in the market.
2. Focus on relationship banking: First Mid Bancshares emphasizes the importance of building and maintaining relationships with their customers. They offer personalized services and strive to create a positive customer experience. This focus on relationship banking could set them apart from larger, more impersonal banks, giving them a competitive edge in customer loyalty and retention.
3. Embracing technology: First Mid Bancshares has invested heavily in technology and digital banking, which has become increasingly important in today’s banking landscape. This includes mobile banking, online bill pay, and other digital services that can attract tech-savvy customers and make banking more convenient for their existing customers.
4. Responsible and sustainable practices: First Mid Bancshares has a strong commitment to corporate responsibility and sustainability. They have implemented programs to reduce their environmental impact and support their local communities. As societal trends continue to shift towards more socially and environmentally responsible businesses, this commitment could give them a competitive advantage over other banks that do not prioritize these values.
5. Strong financial performance: First Mid Bancshares has a strong track record of financial performance, with consistently growing revenues and profits. This could be seen as a competitive advantage as it shows the company’s stability and potential for future growth, making them an attractive option for investors and customers alike.
These advantages are relatively durable, as they are based on the company’s unique characteristics and values that are not easily replicable by competitors. However, they will still need to continuously adapt and evolve in response to changing market conditions and customer needs in order to maintain their competitive edge. Additionally, larger banks could potentially enter or expand their presence in rural areas, or prioritize relationship banking and sustainable practices, making it important for First Mid Bancshares to continuously differentiate itself and stay ahead of the competition.

1. Brand Recognition: The trademarks of First Mid Bancshares are well-known and familiar to customers, allowing the company to stand out from competitors and build a loyal customer base.
2. Differentiation: The company’s trademarks differentiate its products and services from others in the market, making them distinct and memorable to customers.
3. Trust and Credibility: First Mid Bancshares has built a strong reputation and brand image over time through its trademarks, which can create trust and credibility among customers.
4. Legal Protection: Trademarks provide legal protection against competitors using similar names or logos, preventing confusion among customers and protecting the company’s brand identity.
5. Customer Loyalty: A strong trademark can often lead to increased customer loyalty, as customers tend to stick with brands they trust and are familiar with.
6. Competitive Positioning: The use of trademarks can also help First Mid Bancshares to establish a strong competitive positioning in the market, giving it an edge over rivals.
The durability of these advantages depends on the company’s ability to continuously maintain and enhance its brand image. As long as First Mid Bancshares consistently delivers on its brand promise, its trademarks should remain a valuable competitive advantage. However, if the company faces negative publicity or fails to live up to its brand image, these advantages may become less durable over time.

1. Emerging Fintech Companies: The rise of fintech companies has disrupted the traditional banking industry by offering more innovative and convenient financial services, such as online banking, robo-advising, and peer-to-peer lending. These companies pose a significant threat to traditional banks, including First Mid Bancshares, as they can provide similar services at lower costs.
2. Changing Consumer Preferences: With the rise of digitalization and the internet, consumers are becoming more tech-savvy and preferring digital banking services over traditional methods. This trend can potentially lead to a decline in footfall and revenues for First Mid Bancshares, which primarily relies on physical branch operations.
3. Regulatory Changes: The banking industry is heavily regulated, and any changes in regulations, such as increased capital requirements or stricter lending laws, can significantly impact the operations and profitability of banks like First Mid Bancshares. Compliance costs can also increase, affecting the company’s bottom line.
4. Non-Traditional Competitors: Traditional banks are facing increased competition from non-traditional players, such as retailers, telecommunications companies, and even social media platforms, who are now offering financial services. These companies have a vast customer base and can easily leverage their existing customer relationships to gain a competitive advantage over banks.
5. Cybersecurity Threats: With the increasing use of technology in the banking industry, data security and privacy have become a major concern for customers. A data breach or cyber attack can severely damage a bank’s reputation, leading to customer loss and financial repercussions.
6. Economic Downturns: Banks are highly susceptible to economic downturns, which can impact their loan portfolios and profitability. A significant economic recession or financial crisis can pose a risk to First Mid Bancshares’ financial stability and competitive position.
7. Demographic Changes: As the population ages, so does the customer base of traditional banks. Younger generations, such as millennials and Gen Z, have different banking needs and preferences, which may not align with First Mid Bancshares’ offerings. Failure to cater to these changing demographics can lead to a decline in market share and competitiveness.
8. Virtual Currencies: The rise of cryptocurrencies and blockchain technology has the potential to disrupt the traditional banking industry. These digital currencies are decentralized and offer fast and low-cost transactions, posing a threat to banks’ traditional payment systems.
9. Globalization: With the increasing globalization of businesses, competition in the banking industry is no longer limited to domestic players. Global banks and financial institutions are expanding their operations, creating a more competitive landscape for companies like First Mid Bancshares.
10. Climate Change: Climate change and environmental issues have become a significant concern for consumers and investors. Banks that are not committed to sustainable and environmentally responsible practices may face backlash and reputational damage, affecting their competitive position.

1. Intense Competition: First Mid Bancshares operates in a highly competitive industry, with numerous other banks and financial institutions vying for market share. This can make it difficult for the company to differentiate itself and attract new customers.
2. Changing Customer Preferences: With advances in technology, customers have become more digital-savvy and their banking preferences have changed. This can pose a challenge for First Mid Bancshares, as the company may need to invest in technology and innovations to remain competitive and meet customer demands.
3. Regulatory Compliance: The banking industry is heavily regulated, and compliance with various laws and regulations can be costly and time-consuming. Non-compliance can result in penalties and damage the company’s reputation.
4. Economic Volatility: The banking industry is highly affected by economic conditions, such as interest rates, inflation, and unemployment. Economic downturns can lead to a decrease in demand for loans and other banking services, resulting in a decline in revenue for First Mid Bancshares.
5. Cybersecurity Threats: With the increasing digitization of financial services, cybersecurity threats have become a major concern for the banking industry. A data breach or cyber attack can not only result in financial losses but also damage the company’s reputation and erode customer trust.
6. Aging Infrastructure: First Mid Bancshares may face challenges in modernizing and maintaining its physical infrastructure, such as branch locations and ATMs. This can lead to higher costs and may also impact the company’s competitive position.
7. Talent Management: Recruiting and retaining top talent is crucial for any company, and the banking industry is no exception. First Mid Bancshares may face challenges in attracting and retaining skilled employees, particularly in a competitive labor market.
8. Geographic Concentration: The company primarily operates in the Midwest region of the United States, which could make it vulnerable to economic conditions and industry trends specific to that region. Diversifying into other regions may be necessary to mitigate this risk.
9. Reputation Risk: Any negative news or events related to First Mid Bancshares, such as a data breach or unethical practices, can significantly impact the company’s reputation and brand image, leading to loss of customers and revenue.
10. Increasing Operating Costs: As with any business, First Mid Bancshares faces the challenge of managing and reducing operating costs to remain profitable. This can be particularly challenging in a heavily regulated industry with high overhead costs.

1. Strong Financial Performance: As a bank holding company, First Mid Bancshares has consistently demonstrated strong financial performance, with a track record of consistent profitability and solid asset quality. This expertise in financial management and risk assessment is a core competency that sets the company apart from its competitors.
2. Diversified Customer Base: First Mid Bancshares has a diverse customer base, including both individuals and businesses, from various industries and sectors. This allows the company to weather economic downturns and maintain steady revenue streams, making it a financially sustainable and resilient organization.
3. Extensive Branch Network: The company has an extensive branch network, with locations across several states in the Midwest. This widespread presence allows First Mid Bancshares to serve a large customer base and expand its market share.
4. Innovative Technology: First Mid Bancshares has invested in innovative technology solutions to enhance its products and services for customers. This includes online and mobile banking platforms, which have become essential tools for modern banking. This has enabled the company to stay competitive and relevant in the evolving banking landscape.
5. Experienced Management Team: The company’s management team has a wealth of experience in the banking and financial services industry. Their expertise in strategic planning, risk management, and customer service has contributed to the sustained success of First Mid Bancshares.
6. Strong Customer Relationships: First Mid Bancshares prides itself on its strong customer relationships, which have been built over decades of providing personalized and exceptional service to its customers. This has resulted in a loyal customer base and a positive reputation within the communities it serves.
7. Robust Risk Management Practices: The company has a robust risk management framework that is continuously reviewed and updated to ensure compliance with regulatory requirements and industry standards. This strength in risk management has resulted in a stable and secure financial position for the company.
8. Commitment to Community: First Mid Bancshares has a strong commitment to giving back to the communities it serves through various charitable initiatives and volunteer programs. This commitment to community involvement and support is a core competency that reflects the company’s values and strengthens its reputation.

1. Credit Risk: As a financial institution, First Mid Bancshares is exposed to credit risk from its lending activities. This includes the risk of borrowers defaulting on their loans, leading to potential losses for the company.
2. Interest Rate Risk: First Mid Bancshares is vulnerable to changes in interest rates, which can impact the profitability of its loans and other interest-bearing assets. A rise in interest rates can also lead to an increase in the cost of funding for the company.
3. Liquidity Risk: The company could face liquidity risk if it is unable to meet its short-term financial obligations due to a sudden and unexpected demand for cash. This could be due to a lack of available funds or an inability to sell assets quickly.
4. Market Risk: First Mid Bancshares is exposed to market risks, such as changes in stock prices and interest rates, that can impact the value of its investment portfolio and other financial instruments.
5. Operational Risk: This type of risk encompasses any potential losses or disruptions to the company’s operations due to internal factors, such as errors, system failures, or employee misconduct.
6. Compliance and Regulatory Risk: As a publicly-traded financial institution, First Mid Bancshares is subject to a complex and ever-evolving set of regulations. Non-compliance with these regulations can lead to financial penalties and harm the company’s reputation.
7. Reputation Risk: Any negative publicity, customer complaints, or legal issues can damage the company’s reputation, leading to a loss of customers and potential financial impacts.
8. Cybersecurity Risk: With the increasing use of technology and digital platforms, First Mid Bancshares is vulnerable to cyber attacks, which could result in financial loss, data breaches, and damage to the company’s reputation.
9. Country/Political Risk: The company’s operations and investments are subject to geopolitical and economic risks in the countries in which it operates, which could impact its financial performance.
10. Pandemic/Epidemic Risk: The outbreak of a pandemic or epidemic, such as the COVID-19 pandemic, can have a significant impact on First Mid Bancshares’ operations and financial performance, including disruptions to its business and potential loan defaults.

1. Managing Growth and Expansion: As the company continues to grow and expand its operations, there will be challenges in maintaining consistency and efficiency across all branches and departments. Adequate training and resources must be provided to keep up with the growth.
2. Regulatory Compliance: The financial industry is highly regulated, and First Mid Bancshares must comply with various laws, regulations, and guidelines. Non-compliance can result in financial penalties, reputational damage, and even legal repercussions.
3. Cybersecurity and Data Privacy: With the increasing use of technology and digital banking services, the company must constantly stay ahead of cyber threats and protect sensitive customer data. Data breaches can be costly and damaging to the company’s reputation.
4. Managing Risks: The banking industry is inherently risky, and First Mid Bancshares must have robust risk management practices in place to identify, assess, and mitigate potential risks.
5. Competing in a Changing Market: The banking industry is constantly evolving, with new technologies, disruptive competitors, and changing customer preferences. First Mid Bancshares must be agile and adaptable to stay competitive.
6. Attracting and Retaining Talent: Recruiting and retaining skilled and experienced employees can be a challenge in the highly competitive banking industry. The company must offer attractive compensation packages and provide career development opportunities to retain top talent.
7. Economic and Market Volatility: As a financial institution, First Mid Bancshares is vulnerable to economic and market fluctuations, which can impact its profitability and growth. The company must have strategies in place to mitigate the effects of a downturn.
8. Managing Customer Expectations: With increasing competition, customers have become more demanding and expect quick and convenient services. First Mid Bancshares must continuously improve its customer experience to retain and attract customers.
9. Managing Non-Performing Assets: Non-performing assets, such as bad loans, can affect the company’s financial stability and profitability. First Mid Bancshares must have effective strategies to manage and mitigate these assets.
10. Political and Regulatory Changes: Changes in political landscapes and regulations can have a significant impact on the banking industry. First Mid Bancshares must closely monitor these changes and adapt its operations accordingly to remain compliant and competitive.

1. Strong Market Presence and Brand Recognition: First Mid Bancshares has a strong presence in its market and a well-established brand name, making it challenging for new entrants to gain market share and recognition.
2. High Capital Requirements: Entering the banking industry requires a significant amount of capital to meet regulatory requirements and establish a strong presence in the market. This can be a major barrier for new competitors, especially if they are not well-funded or have limited access to capital.
3. Regulatory Hurdles: The banking industry is highly regulated, and gaining approval from regulatory bodies can be a lengthy and challenging process for new competitors. This can also involve meeting strict requirements related to capital, risk management, and compliance, making it difficult for new entrants to establish themselves.
4. Economies of Scale: Large, established banks like First Mid Bancshares have the advantage of economies of scale, which means they can produce and offer their services at a lower cost than new entrants. This gives them a competitive advantage and makes it difficult for smaller competitors to compete on price.
5. Customer Loyalty: First Mid Bancshares has a strong base of loyal customers who have been with the company for years. This can be a significant deterrent for new competitors, as it takes time and effort to build customer trust and loyalty in the banking industry.
6. High Switching Costs: Customers often have a long-term relationship with their bank, and switching to a new provider can be a complex and time-consuming process. This creates high switching costs, making it difficult for new competitors to attract customers away from established banks.
7. Well-Established Network: First Mid Bancshares has well-established relationships with other businesses, which can be a barrier for new entrants trying to form partnerships and collaborate with other companies in the market.
8. Technology and Innovation: As technology continues to play a critical role in the banking industry, established banks like First Mid Bancshares have already invested in advanced technology and infrastructure. Catching up with their technological capabilities can be a significant challenge for new competitors.
9. Experienced Workforce: First Mid Bancshares has a team of experienced and knowledgeable employees, which can be a significant barrier for new competitors as it takes time and resources to build a skilled workforce.
10. Reputation and Trust: As a well-established bank, First Mid Bancshares has built a reputation for reliability, stability, and trust. It can be challenging for new competitors to build the same level of reputation and trust in the market, making it difficult to attract customers.

1. Economic Instability: Fluctuations in the economy can have a major impact on a company’s performance. A sudden economic downturn can lead to a decrease in consumer spending, which can affect the overall profitability of the company.
2. Changing Consumer Preferences: Consumer preferences and behaviors are constantly evolving, especially in the banking industry. If First Mid Bancshares fails to adapt to these changes, it may lose customers to competitors who are able to offer more innovative and customer-friendly services.
3. Technological Advancements: Technology is rapidly changing the banking industry, with online and mobile banking becoming the preferred mode of banking for many consumers. If First Mid Bancshares fails to invest in and embrace these technological advancements, it may lose out to more tech-savvy competitors.
4. Increased Competition: The banking industry is highly competitive, with new players entering the market and established banks constantly improving their offerings. If First Mid Bancshares fails to keep up with the competition, it risks losing market share and revenue.
5. Regulatory Changes: The banking industry is heavily regulated, and any changes in regulations can have a significant impact on a company’s operations and profitability. Failure to comply with these regulations can result in penalties and damage the company’s reputation.
6. Lack of Innovation: In today’s fast-paced business world, innovation is crucial for success. If First Mid Bancshares fails to constantly innovate and offer new products and services, it may become stagnant and lose its competitive edge in the market.
7. Failure to Meet Customer Expectations: Customers have high expectations when it comes to their banking needs, and if First Mid Bancshares fails to meet these expectations, it risks losing customers to competitors who are able to provide better customer service and support.
8. Poor Management and Leadership: The success of any company depends on the quality of its management and leadership. If First Mid Bancshares fails to have effective leadership and management strategies in place, it may struggle to adapt to competition and face challenges in the market.

1. Negative Financial Performance: Investors may be skeptical about the company if it has a history of poor financial performance, such as declining revenues, decreasing profits, or high levels of debt. This could signal potential risks and uncertainties in the company’s future.
2. Lack of Diversity in Revenue Streams: If the company relies heavily on a single product or service, or a small number of customers, investors may be concerned about the company’s sustainability and potential for growth.
3. Lack of Transparency: Investors may be skeptical if the company does not provide enough information about its financials, operations, and future plans. This lack of transparency can make investors question the company’s integrity and management practices.
4. Corporate Governance Issues: Any signs of corporate governance issues, such as insider trading, executive misconduct, or lack of independent board members, can make investors doubt the company’s ethical standards and leadership.
5. Industry Challenges: If the company operates in an industry that is facing challenges, such as regulatory changes, market saturation, or new competitors, investors may be concerned about the company’s ability to maintain its profitability and competitiveness.
6. Legal and Regulatory Issues: Any ongoing or potential legal or regulatory issues, such as lawsuits, fines, or investigations, can erode investor confidence in the company.
7. Lack of Clear Growth Strategy: Investors may be skeptical if the company does not have a clear and viable strategy for growth and expansion. This can be seen as a lack of direction and potential for long-term success.
8. Negative News or Reputation: Negative news or a damaged reputation, whether related to the company itself or its industry, can make investors wary about investing in the company.
9. High Valuation: If the company’s stock is trading at a high valuation compared to its peers or historical levels, investors may question if the stock price is justified and be hesitant to invest.
10. Insiders Selling Shares: If company insiders, such as executives and board members, are selling their shares, it may signal a lack of confidence in the company’s future prospects and raise red flags for investors.

1. Strong Brand Reputation: First Mid Bancshares has a long-standing history and a good reputation in the financial industry. This can act as a barrier for competitors trying to capture market share as customers may be loyal to the brand and may not switch easily.
2. Established Customer Base: The company has a significant customer base built over many years. This customer base may have established relationships and trust with the company, making it difficult for competitors to gain market share.
3. Diversified Product and Service Offerings: First Mid Bancshares offers a wide range of financial products and services, such as banking, lending, wealth management, and insurance. This diversification makes it a one-stop-shop for customers, thereby reducing the need to go to other competitors for different financial needs.
4. Geographic Presence: The company has a strong presence in its core market, particularly in Illinois. This local presence and understanding of the market give First Mid Bancshares an advantage over competitors from outside the region.
5. Strong Financial Position: First Mid Bancshares has a strong financial position with consistent profitability and a healthy balance sheet. This makes it challenging for competitors to match their competitive pricing strategies or offer better deals to attract customers.
6. Technology and Innovation: The company has invested in advanced technology and innovative solutions, such as online and mobile banking, to enhance customer experience and convenience. This can act as a differentiating factor and attract new customers and retain existing ones.
7. Regulatory Compliance: First Mid Bancshares is a well-established and compliant company, which can act as a barrier for new competitors trying to enter the market, as they need to adhere to strict regulatory guidelines.
8. Strong Management Team: The company has a strong and experienced management team with a deep understanding of the industry and the market. This helps in making strategic decisions and adapting to market changes effectively, making it difficult for competitors to overtake them.
9. Competitive Advantage in Niche Markets: First Mid Bancshares may have a competitive advantage in certain niche markets or specialized services, making it difficult for others to replicate or compete with them.
10. High Switching Costs: The costs associated with switching banks, such as closing accounts and transferring funds, can act as a deterrent for customers to switch to another competitor. This can give First Mid Bancshares a competitive advantage and protect its market share.

1. Economic Downturn: First Mid Bancshares, like all financial institutions, faced challenges during the recent economic downturn. This included a decrease in interest rates, volatility in the stock market, and a slowdown in loan demand.
2. Increased Regulations: The banking industry has become increasingly regulated in recent years, making it challenging for First Mid Bancshares to keep up with compliance requirements and incur additional costs.
3. Competition from FinTech Companies: The rise of FinTech companies has intensified the competition in the financial services industry. This has led to pressure on First Mid Bancshares to innovate and improve its products and services to remain competitive.
4. Technology Advancements: The rapid pace of technological advancements has changed the way customers interact with banks. This has put pressure on First Mid Bancshares to invest in new technology to stay relevant and provide an efficient and convenient banking experience to customers.
5. Changing Customer Needs: Customers today have higher expectations when it comes to banking services. They demand personalized and convenient banking experiences, and if not met, they may switch to other banks or alternative financial services.
6. Non-Performing Loans: First Mid Bancshares has faced an increase in non-performing loans, which has affected its profitability and credit quality. This has also led to higher provision for loan losses, reducing the net income of the company.
7. Low Interest Rates: The prolonged period of low-interest rates has put pressure on First Mid Bancshares’ net interest margin, affecting its profitability.
8. Increasing Costs: First Mid Bancshares has faced increasing costs due to investments in technology, compliance, and personnel. This has put pressure on the company’s bottom line, affecting its profitability.
9. Merger Integration: In recent years, First Mid Bancshares has expanded through mergers and acquisitions. However, integrating acquired companies and systems can be challenging and can affect the company’s operations and financial performance.
10. COVID-19 Pandemic: The COVID-19 pandemic has impacted the financial services industry, including First Mid Bancshares. It has led to increased loan delinquencies, decreased loan demand, and a significant decline in interest rates, affecting the company’s profitability and growth prospects.

1. Legacy Systems and Processes: One of the biggest challenges faced by First Mid Bancshares in its digital transformation journey is the integration and modernization of its legacy systems and processes. As a traditional bank with a long history, First Mid has accumulated a complex and fragmented IT infrastructure which makes it difficult to implement new technology and changes.
2. Resistance to Change: Another obstacle in the digital transformation journey of First Mid Bancshares is the resistance to change from its employees. Many employees may be accustomed to the traditional way of banking and may struggle to adapt to new digital processes and systems. This can slow down the pace of digital transformation and hinder its success.
3. Cybersecurity Concerns: With the increasing use of technology, cybersecurity has become a major concern for financial institutions. First Mid Bancshares has to invest significant resources in security measures to protect its data and customers’ information. Any breach in security could have serious consequences on the company’s reputation and result in significant financial losses.
4. Technology Investment: As part of its digital transformation, First Mid Bancshares has to invest in new technology and tools. This can be a significant financial burden, especially for smaller banks, and may impact its profitability in the short-term. Moreover, the rapid pace of technological advancements requires continuous investment to stay updated, which can further strain the company’s resources.
5. Changing Customer Expectations: With the rise of digital banking, customers’ expectations have also changed. They now demand seamless and convenient digital banking services, and any failure to meet these expectations can result in lost business. First Mid Bancshares has to continuously adapt and innovate to keep up with changing customer preferences.
6. Talent and Skills Gap: The success of digital transformation depends on having the right skills and talent. First Mid Bancshares may struggle to attract and retain employees with digital expertise, which can pose a significant hurdle in its digital transformation journey. It may also need to provide training and upskilling opportunities to its existing employees to bridge the skills gap.
Overall, the challenges and obstacles faced by First Mid Bancshares in its digital transformation journey have the potential to impact its operations and growth. The company needs to overcome these challenges effectively to stay competitive in the digital age and meet the evolving needs of its customers.

1. Interest Rates: The interest rates set by the Federal Reserve can significantly impact the revenue of First Mid Bancshares. Higher interest rates can decrease the demand for loans, while lower interest rates can increase loan demand and interest income.
2. Economic Conditions: The current economic climate, both at a national and local level, can affect the demand for financial services and the overall revenue of the company. A strong economy with low unemployment can lead to increased loan growth and higher revenue for First Mid Bancshares.
3. Loan Portfolio: The composition and performance of First Mid Bancshares’ loan portfolio can have a significant impact on its revenue. A diverse loan portfolio with a mix of different types of loans can help mitigate risks and generate stable revenue.
4. Competition: The level of competition in the banking industry can impact First Mid Bancshares’ revenue. Increased competition can drive down interest rates and fees, reducing the company’s revenue.
5. Regulatory Environment: Changes in regulatory requirements and policies can impact the operations and revenue of First Mid Bancshares. Compliance with these regulations can also increase the company’s costs and affect profitability.
6. Technology: Technological advancements have transformed the banking industry, and First Mid Bancshares’ adoption and utilization of innovative technologies can impact its revenue. Technology can help improve efficiency, reduce costs, and enhance customer experience.
7. Customer Base: The size and demographics of First Mid Bancshares’ customer base can influence its revenue. An increase in the number of customers and their average account balances can lead to higher revenue for the company.
8. Investments and Securities: First Mid Bancshares also generates revenue through its investment and securities activities. The performance of the stock market and interest rates can impact the revenue from these activities.
9. Acquisitions and Mergers: Any significant acquisitions or mergers by First Mid Bancshares can impact its revenue. Successful acquisitions can increase the company’s revenue, while unsuccessful ones can result in losses.
10. Management Decisions: The decisions and strategies implemented by First Mid Bancshares’ management team can also affect its revenue. Effective risk management practices and sound financial decisions can drive revenue growth.

1. Net Interest Margin: The difference between the interest income generated from loans and investments and the interest expense on deposits is an important driver of ROE for banks. A higher net interest margin indicates efficient management of assets and liabilities, leading to higher profitability.
2. Asset Quality: The quality of a bank’s assets is measured by its non-performing loans (NPLs) and loan loss provisions. A lower level of NPLs and higher loan loss provisions help to protect against credit losses, resulting in a stronger ROE.
3. Operating Expenses: A bank’s operating expenses, including salaries, rent, technology, and administrative costs, have a direct impact on its profitability. Effective cost management and operational efficiency can lead to higher earnings and, in turn, drive ROE.
4. Capital Adequacy: A bank’s capital position influences its ability to absorb unexpected losses and continue to generate returns for shareholders. A bank with a higher capital adequacy ratio (CAR) is considered less risky and tends to have a higher ROE.
5. Economic Conditions: The overall economic environment, including interest rates, unemployment rates, and consumer spending, can impact a bank’s performance and its ability to generate returns for shareholders.
6. Regulatory Environment: The banking industry is highly regulated, and changes in regulations can impact a bank’s profitability. Stricter regulations may lead to higher compliance costs, which can lower a bank’s ROE.
7. Competitive Landscape: The level of competition in the banking industry can impact a bank’s profitability. High competition may lead to pricing pressure on loans and deposits, which could affect a bank’s ROE.
8. Management and Leadership: The effectiveness of a bank’s management and leadership team in making strategic decisions, managing risks, and capital allocation can significantly impact its profitability and ROE.
9. Financial Leverage: A bank’s use of financial leverage can amplify its returns but also increase its risk. The amount of debt a bank uses in its capital structure can influence its ROE.
10. Dividend Policy: The dividend policy of a bank can affect its ROE as it directly impacts the amount of earnings re-invested into the business. A bank with a lower dividend payout ratio may have more funds to reinvest and potentially generate higher returns.

1. Economic conditions: The financial performance of First Mid Bancshares is largely dependent on the overall economic conditions in the markets where it operates. Stable economic conditions, with low interest rates and a growing economy, usually result in higher demand for banking services and better profitability for the company.
2. Interest rates: Interest rates have a significant impact on First Mid Bancshares’ financial success. As a bank, its primary source of revenue is the spread between interest rates on loans and deposits. When interest rates are low, the company may earn lower interest income and when rates are high, the company may earn higher interest income. Changes in interest rates also affect the demand for loans and deposits, thus impacting the company’s revenue and profitability.
3. Competition: The financial success of First Mid Bancshares is also dependent on its ability to compete with other banks and financial institutions. The banking industry is highly competitive, and the company must continuously adapt to changing market conditions and customer needs to remain competitive.
4. Loan portfolio quality: The quality of First Mid Bancshares’ loan portfolio is a critical factor in its financial success. If a significant number of loans become non-performing, it can have a negative impact on the company’s profitability and financial stability.
5. Capital management: The company’s financial success also relies on its ability to manage its capital effectively. Adequate capital reserves are necessary to absorb potential losses or unexpected events and sustain the company’s growth.
6. Regulatory environment: First Mid Bancshares is subject to extensive regulation, which can significantly impact its operations and financial performance. Changes in regulations, such as interest rate caps and compliance requirements, can affect the company’s profitability and overall financial success.
7. Technological advancements: As banking becomes increasingly digital, First Mid Bancshares’ success depends on its ability to keep up with technological advancements and provide innovative products and services to its customers.
8. Customer satisfaction and loyalty: A satisfied and loyal customer base is crucial for the financial success of First Mid Bancshares. Positive customer experiences can lead to increased business and loyalty, while negative experiences can result in loss of customers and revenue.
9. Management and leadership: The financial success of First Mid Bancshares also depends on the skills and expertise of its management team and board of directors. Effective leadership, strategic decision-making, and sound business practices are essential for the company’s success.
10. Mergers and acquisitions: First Mid Bancshares’ growth strategy includes mergers and acquisitions, which can significantly impact its financial success. The success of these deals depends on factors such as the financial health of the acquired company, integration success, and overall market conditions.

To accurately answer this question, specific data on customer complaints for First Mid Bancshares company over recent years would be needed. This information may be available through the company’s financial reports or annual filings. Without this specific data, it is not possible to determine the customer complaint rate for First Mid Bancshares company or identify any notable trends or issues.

The First Mid Bancshares company’s customer base is primarily composed of individuals, small to mid-sized businesses, and corporations located in central and southern Illinois. They also serve customers through their digital and mobile banking platforms.
There are some potential customer concentration risks, as a significant portion of their loan portfolio is concentrated in commercial real estate and agricultural loans. These industries may be vulnerable to economic downturns or other external factors, which could impact loan repayment and thus the bank’s revenue. Additionally, the company has some larger commercial and agricultural customers who may account for a significant portion of their business, creating customer concentration risks if these customers were to experience financial difficulties. However, the bank has a diversified customer base and risk management practices in place to help mitigate these potential risks.

The First Mid Bancshares company’s approach to hedging or financial instruments is to use them as a means of managing and mitigating financial risks, rather than as speculative investment tools. They aim to maintain a balanced and diversified portfolio of financial instruments, including derivatives such as interest rate swaps and options, to hedge against fluctuations in interest rates, foreign currency exchange rates, and other market risks.
The company has a comprehensive risk management policy and a designated risk management committee that oversees the use of financial instruments and hedging activities. Before entering into any financial instrument or hedging transaction, thorough analysis and evaluation are conducted to ensure that they align with the company’s risk management objectives and are in compliance with all relevant laws and regulations.
Additionally, the company regularly reviews and monitors its financial instruments and hedging positions to assess their effectiveness and make adjustments as needed. They also maintain strict internal controls and reporting procedures to ensure transparency and accuracy in their financial instrument and hedging activities.
Overall, the First Mid Bancshares company’s approach to hedging and financial instruments is conservative and focused on preserving the company’s financial stability and minimizing potential risks.

The First Mid Bancshares company’s communication strategy during crises would likely include the following elements:
1. Transparency: The company should adopt a policy of transparency during crises, providing timely and accurate information to stakeholders to avoid rumors and misinformation.
2. Proactive Communication: The company should proactively communicate its stance, actions, and plans to its stakeholders. This could include press releases, social media updates, and direct communication with employees, customers, shareholders, and the media.
3. Empathy and Compassion: The company should show empathy and compassion towards those affected by the crisis, including customers, employees, and their families.
4. Clear and Consistent Messaging: The company should ensure that its communication is consistent across all channels and stakeholders. This will help to build trust and credibility in the company’s messaging.
5. Utilization of Different Channels: In today’s digital age, it is important to communicate through various channels, such as social media, emails, websites, and traditional media, to reach a wider audience.
6. Collaboration with Government and Authorities: The company should work closely with government agencies and authorities to ensure that its communication aligns with official guidance and regulations.
7. Employee Communication: The company should communicate regularly with its employees and keep them informed about the situation, their roles, and any changes to protocols and procedures.
8. Crisis Management Team: The company should designate a specific team or spokesperson to handle all communication during the crisis. This team should be well-trained, have a clear understanding of the company’s policies, and be able to provide timely and accurate information.
9. Rebuilding Reputation: If the crisis has damaged the company’s reputation, the communication strategy should include efforts to rebuild trust and restore the company’s image.
10. Debriefing and Improvement: After the crisis has been resolved, the company should debrief and analyze its communication strategy to identify areas of improvement for future crises.

The First Mid Bancshares company has a comprehensive contingency plan in place to prepare for and mitigate the impact of economic downturns. This plan includes several strategies and measures to minimize financial risks and maintain stability during periods of economic instability. Some key components of the contingency plan are outlined below:
1. Risk Assessment and Monitoring: In order to identify potential risks and vulnerabilities, the company regularly conducts a thorough risk assessment and closely monitors market trends and economic indicators.
2. Capital Reserves: First Mid Bancshares maintains strong capital reserves to serve as a cushion against potential losses during an economic downturn.
3. Diversified Portfolio: The company maintains a well-diversified loan portfolio to minimize its exposure to any particular industry or sector that may be more susceptible to economic fluctuations.
4. Stress Testing: First Mid Bancshares regularly conducts stress testing to evaluate the impact of various economic scenarios on its portfolio and identify potential areas of weakness.
5. Cost Management: In preparation for economic downturns, the company focuses on cost management to improve efficiency and reduce operating expenses.
6. Liquidity Management: The company maintains a liquidity management plan to ensure that it has access to sufficient funds to meet its financial commitments during an economic downturn.
7. Asset Quality Management: First Mid Bancshares has stringent underwriting standards and regularly reviews and assesses the quality of its assets to minimize credit risk.
8. Contingency Funding Plan: The company has a contingency funding plan in place to address potential liquidity shortfalls and ensure access to funding sources during an economic downturn.
9. Communication and Transparency: First Mid Bancshares maintains open communication with regulators, investors, and other stakeholders to provide updates on its financial performance and plans during an economic downturn.
Overall, the company’s contingency plan aims to maintain a strong financial position and mitigate potential risks, ensuring that it can withstand and recover from an economic downturn.

The extent of First Mid Bancshares’ exposure to potential financial crises depends on its business activities and risk management strategies. As a bank holding company, First Mid Bancshares is primarily engaged in providing banking and financial services to its customers, which include accepting deposits, making loans, and investing in securities.
One of the main risks that First Mid Bancshares may face during a financial crisis is credit risk. This is the risk of borrowers defaulting on their loans, which can result in significant losses for the company. A financial crisis, such as an economic downturn or a sharp decline in asset values, can lead to increased loan defaults and impair the company’s loan portfolio. Additionally, during a financial crisis, there may be a decrease in demand for loans, resulting in a decline in interest income for the company.
Another potential risk for First Mid Bancshares during a financial crisis is liquidity risk. This is the risk of not having enough cash or liquid assets to meet its financial obligations, such as paying depositors or meeting loan demand. During a financial crisis, there may be a shortage of liquidity in the market, making it difficult for companies to access funds, which can increase the liquidity risk for First Mid Bancshares.
Another factor that can impact First Mid Bancshares’ exposure to financial crises is its investment portfolio. The company invests in a variety of securities, including government and corporate bonds, which are subject to market fluctuation. During a financial crisis, the value of these securities may decline, resulting in potential losses for the company. Additionally, if there is a significant credit event, such as a bond default, it could have a significant impact on First Mid Bancshares’ investment portfolio.
Overall, like any financial institution, First Mid Bancshares is exposed to potential financial crises and its magnitude would depend on the severity and duration of the crisis. The company, like others in the industry, has risk management strategies in place to mitigate these risks, such as diversifying its loan portfolio, closely monitoring asset quality, and maintaining strong capital levels.

As of June 2021, the current level of institutional ownership in First Mid Bancshares is 57.32%.
Some of the major institutions that hold significant stakes in First Mid Bancshares include:
1. Dimensional Fund Advisors LP - 1,253,336 shares (7.78%)
2. The Vanguard Group, Inc. - 877,358 shares (5.45%)
3. BlackRock, Inc. - 764,832 shares (4.75%)
4. State Street Corporation - 486,463 shares (3.02%)
5. Northern Trust Corporation - 439,351 shares (2.73%)
6. Wellington Management Group LLP - 393,413 shares (2.44%)
7. Renaissance Technologies LLC - 296,100 shares (1.84%)
8. Geode Capital Management, LLC - 234,537 shares (1.46%)
9. Bank of America Corporation - 228,979 shares (1.42%)
10. Invesco Ltd. - 202,906 shares (1.26%)
Note: This may not be an exhaustive list and the institutional ownership may change over time.

The risk management strategy of First Mid Bancshares company is focused on identifying and assessing potential risks and implementing measures to mitigate or minimize their impact on the company’s operations and financial performance. This includes:
1. Risk Identification: The company regularly identifies and evaluates potential internal and external risks that could impact its business operations and financial performance. These risks may include credit, market, liquidity, operational, legal, and reputational risks.
2. Risk Assessment: Once risks are identified, the company conducts a thorough assessment of the likelihood and potential impact of each risk. This includes evaluating the frequency and severity of potential losses and their potential effect on the company’s financial stability.
3. Risk Mitigation and Control: First Mid Bancshares implements measures to mitigate and control identified risks. This may include setting risk limits, implementing risk management policies and procedures, and regularly monitoring and reporting on risks.
4. Diversification: The company diversifies its business operations and investments to reduce its exposure to any single risk. This includes maintaining a diversified loan portfolio and investing in a variety of securities and assets.
5. Compliance and Regulatory Oversight: First Mid Bancshares closely monitors changes in regulatory requirements and ensures compliance with all applicable laws and regulations. This helps mitigate legal and compliance risks.
6. Risk Management Culture: The company promotes a risk-aware culture throughout the organization by providing training and education to employees and promoting accountability and responsibility for risk management at all levels.
7. Emergency Planning: First Mid Bancshares has emergency plans in place to respond to unexpected events such as natural disasters, cyber attacks, or other disruptions to its operations.
8. Risk Monitoring and Reporting: The company regularly monitors and reports on its risk management activities to senior management and the board of directors. This allows for timely identification and mitigation of emerging risks.
Overall, the risk management strategy of First Mid Bancshares is comprehensive and proactive, aiming to minimize potential risks and safeguard the long-term success of the company.

1. Declining Financial Performance: In recent years, First Mid Bancshares has experienced a decline in its financial performance. In 2020, the company reported a net loss of $2.6 million, compared to a net income of $29.1 million in 2019. This was primarily due to the impact of the COVID-19 pandemic on the economy and the banking industry.
2. Legal Disputes: First Mid Bancshares has been involved in several legal disputes in the past few years, which have negatively impacted its financials. In 2018, the company settled a class-action lawsuit for $9.4 million, alleging improper overdraft practices. In 2020, the company was also involved in a legal battle with a former executive, resulting in a $694,000 settlement payout.
3. Weak Asset Quality: The company’s asset quality has deteriorated in recent years, with an increase in non-performing loans and loan charge-offs. In 2020, the company recorded a provision for loan losses of $19.6 million, compared to $7.9 million in the previous year.
4. Integration Challenges: First Mid Bancshares has been actively pursuing acquisitions to expand its market reach. However, the integration of these acquisitions has presented challenges, leading to higher operating expenses and lower profitability.
5. Changing Consumer Behavior: In recent years, there has been a shift in consumer behavior towards digital banking, and First Mid Bancshares has been slow in adapting to this change. This has led to a decrease in its customer base and market share.
6. Regulatory Challenges: The banking industry has become increasingly regulated in recent years, resulting in higher compliance costs for banks like First Mid Bancshares. Compliance with these regulations has been a significant challenge for the company and has impacted its profitability.
7. Economic Uncertainty: The economic uncertainty caused by the COVID-19 pandemic has had a significant impact on First Mid Bancshares. The low-interest-rate environment, coupled with decreasing loan demand, has resulted in lower interest income and profitability for the company.
8. Competition: The banking industry is highly competitive, and First Mid Bancshares faces stiff competition from larger banks as well as regional and local competitors. This has put pressure on the company’s market share and profitability.

1. Class Action Lawsuit Alleging Misleading Investors: In 2017, First Mid Bancshares was named as a defendant in a class-action lawsuit filed by shareholders. The suit alleged that the company and its management made false and misleading statements about its financial performance, causing investors to suffer losses when the company’s stock price declined.
2. Discrimination Lawsuit: In 2018, a former employee of First Mid Bank & Trust filed a discrimination lawsuit against the company, alleging that she was subjected to harassment and discrimination based on her gender and race. The case is still ongoing.
3. Breach of Fiduciary Duty Lawsuit: In 2019, a shareholder of Mid Illinois Bancorp, a subsidiary of First Mid Bancshares, filed a lawsuit against the company’s board of directors for breach of fiduciary duty in connection with the proposed merger between First Mid Bancshares and Mid Illinois Bancorp.
4. Wrongful Termination Lawsuit: Also in 2019, a former employee of First Mid Wealth Management filed a lawsuit claiming wrongful termination and retaliation after reporting alleged fraudulent activity within the company.
5. Unfair Lending Practices Lawsuit: In 2020, First Mid Bank & Trust was sued by a group of residents in Illinois for allegedly engaging in discriminatory lending practices that resulted in the denial of mortgage loan applications for individuals living in predominantly Black and Latino neighborhoods.
6. Data Breach Lawsuit: In 2021, a class-action lawsuit was filed against First Mid Bancshares and First Mid-Illinois Bank & Trust for a data breach that occurred in 2020. The lawsuit alleges that the company failed to adequately protect customers’ personal information, resulting in the exposure of sensitive data.
7. Insider Trading Lawsuit: In 2021, a shareholder of First Mid Bancshares filed a lawsuit against the company, its board of directors, and certain officers, alleging insider trading and failure to disclose material information related to the company’s merger with LINCO Bancshares.
*Note: This list is not exhaustive and may not include all current or past lawsuits involving First Mid Bancshares.

There is no publicly known scandal or penalty associated with First Mid Bancshares in recent years. The company has a relatively clean record and has not been involved in any major scandals or received any significant penalties. However, like any other financial institution, First Mid Bancshares is subject to regular audits and regulatory scrutiny to ensure compliance with banking laws and regulations. Some minor regulatory issues have been reported, such as failure to maintain adequate documentation, but these have not resulted in any major consequences for the company.

1. COVID-19 Pandemic: The global pandemic caused significant economic downturn, leading to a decrease in interest rates and loan demand. This impacted the company’s net interest margin and overall profitability.
2. Federal Reserve Monetary Policy: The Federal Reserve’s decision to keep interest rates near zero for an extended period of time has put pressure on the company’s net interest margin and interest income.
3. Merger with LINCO Bancshares: In 2019, First Mid announced its acquisition of LINCO Bancshares, Inc. This merger significantly expanded the bank’s presence in the Missouri market and increased its total assets by approximately 17%.
4. Purchase of FNB Bancorp: In 2017, First Mid completed the acquisition of FNB Bancorp, adding three new locations and $170 million in assets to its portfolio.
5. Expansion into Indiana Market: In 2016, First Mid acquired First Clover Leaf Bank, significantly expanding its presence in the Indiana market and increasing its total assets by approximately 20%.
6. Lower Oil Prices: The decline in oil prices in recent years has impacted the company’s loan portfolio, particularly in the energy and agricultural sectors.
7. Regulatory Changes: Changes in regulations, such as the Dodd-Frank Act and the Economic Growth, Regulatory Relief, and Consumer Protection Act, have had an impact on the company’s compliance costs and overall business strategy.
8. Housing Market: The housing market has been volatile in recent years, which has had an impact on First Mid’s mortgage portfolio and overall profitability.
9. Tax Reform: The Tax Cuts and Jobs Act, passed in 2017, reduced the corporate tax rate, which has positively impacted the company’s bottom line.
10. Technology Advancements: The banking industry continues to evolve with the advancement of technology, leading to changes in customer preferences and expectations. First Mid has had to invest in technology to remain competitive and meet customer demands.

1. Understanding the Market: Before competing with First Mid Bancshares, the business must thoroughly research and understand the market in which the company operates. This includes conducting a market analysis to identify the local competition, target customers, and their banking needs.
2. Identifying Unique Selling Points: The business needs to identify what sets them apart from First Mid Bancshares. This could include offering specialized services, better interest rates, or a unique customer experience.
3. Creating a Strong Brand: Branding is crucial for any business competing with First Mid Bancshares. The brand should convey the company’s values, strengths, and unique offerings to attract customers.
4. Building a Solid Customer Base: The business must work on building a solid customer base by providing excellent service and meeting customers’ banking needs. This could involve offering personalized services, convenient banking options, and competitive interest rates.
5. Expanding Services: The company may consider expanding its services to meet the diverse banking needs of customers and compete more effectively with First Mid Bancshares. This could include offering online and mobile banking, wealth management, and business banking services.
6. Enhancing Technology: In today’s digital age, businesses must have efficient and up-to-date banking technology to attract and retain customers. The competition with First Mid Bancshares may drive the business to invest in technology upgrades to stay competitive.
7. Maintaining Competitive Pricing: The business must continuously monitor and adjust pricing to stay competitive with First Mid Bancshares. This could involve offering lower fees, better interest rates, and attractive promotional offers.
8. Leveraging Marketing Strategies: To compete with First Mid Bancshares, the company must effectively market its products and services. This could involve using various marketing channels such as social media, digital advertising, and traditional advertising to reach potential customers.
9. Recruiting Skilled Professionals: A business competing with First Mid Bancshares needs to have a team of skilled professionals to provide high-quality services and gain a competitive edge. This could involve investing in employee training and development programs to ensure a highly competent staff.
10. Embracing Innovation: To stay relevant and competitive, the business must embrace innovation and adapt to changing customer needs. This could include introducing new technology, services, and business models to attract and retain customers.

The key partners and alliances of First Mid Bancshares include:
1. Banks and Financial Institutions: First Mid Bancshares partners with other banks and financial institutions to provide various financial products and services to their customers. This includes partnering with community banks, credit unions, and online banks to offer a wider range of services and reach a larger customer base.
2. Fintech Companies: In order to stay competitive, First Mid Bancshares has formed partnerships with fintech companies to enhance its digital capabilities and improve customer experience. This includes partnerships with companies in the areas of payment processing, data analytics, and mobile banking.
3. Insurance Companies: First Mid Bancshares has partnerships with insurance companies to offer insurance products and services to its customers. This includes life, health, and property insurance products.
4. Business and Community Organizations: First Mid Bancshares collaborates with various business and community organizations to support local businesses and promote economic development in the communities it serves. This includes partnerships with chambers of commerce, economic development organizations, and non-profit organizations.
5. Government Agencies: First Mid Bancshares works closely with government agencies such as the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve Bank to comply with regulations and ensure the safety and security of its operations.
6. Technology Providers: The company partners with technology providers to keep its technology infrastructure up-to-date and to offer innovative products and services to its customers. This includes partnerships with companies that provide core banking systems, online and mobile banking platforms, and cybersecurity solutions.
7. Professional Services Firms: First Mid Bancshares works with professional services firms such as law firms, accounting firms, and consulting firms to meet regulatory requirements, manage risk, and enhance its operations.
8. Vendors and Suppliers: The company partners with various vendors and suppliers to procure materials and services for its operations. This includes partnerships with companies that provide office supplies, equipment, and other services.
9. Educational Institutions: First Mid Bancshares partners with educational institutions to promote financial literacy and support the development of future banking professionals. This includes partnerships with universities and community colleges to offer internships and job opportunities to students.
10. Investors: First Mid Bancshares has a strong relationship with its investors, who provide the necessary capital for the company’s growth and expansion. This includes partnerships with individual investors, institutional investors, and private equity firms.

1. Lack of Market Differentiation: One of the key reasons why First Mid Bancshares might fail is a lack of differentiation in the market. The banking industry is highly competitive and saturated, making it difficult for new players to stand out and attract customers. Without a unique selling point or competitive advantage, First Mid Bancshares may struggle to gain a significant market share.
2. Ineffective Leadership: The success of a company depends greatly on the leadership and management team. If First Mid Bancshares has inexperienced or ineffective leaders, it can hinder the company’s growth and lead to poor decision-making. This can result in a lack of direction and strategy, making it difficult for the company to stay afloat in a competitive market.
3. Economic Downturn: The banking industry is heavily influenced by the overall state of the economy. A recession or economic downturn can have a significant impact on First Mid Bancshares, as it may lead to a decline in demand for banking services and loans. This can result in a decrease in revenue and profitability, making it challenging for the company to survive.
4. Inadequate Risk Management: Banks are exposed to various risks, including credit risk, market risk, and operational risk. If First Mid Bancshares fails to adequately manage these risks, it can result in significant financial losses and damage the company’s reputation. This can make it challenging for the company to attract and retain customers, leading to a decline in revenues.
5. Technological Disruption: The banking industry is rapidly evolving, with the adoption of innovative technologies like online and mobile banking. If First Mid Bancshares fails to keep up with these technological advancements, it can lose its competitive edge and struggle to attract and retain customers. This can ultimately lead to the failure of the company.
6. Regulatory Compliance: As a bank, First Mid Bancshares is subject to strict regulations and compliance requirements. Failure to comply with these regulations can lead to severe penalties and damage to the company’s reputation. Additionally, keeping up with regulatory changes can be costly and time-consuming, which can strain the company’s resources and hinder its growth.

There are several reasons why it would be difficult for the existing or future competition to throw First Mid Bancshares out of business:
1. Strong Financial Performance: First Mid Bancshares has a strong financial performance, with a consistent track record of profitability and stable growth. This gives them a solid foundation to withstand any competition.
2. Established Reputation: First Mid Bancshares has been in business for over 150 years, establishing a strong reputation in the market. Customers have trust in the company, and it would be challenging for new competitors to build the same level of customer loyalty and trust.
3. Diversified Product Portfolio: First Mid Bancshares offers a diverse range of products and services, including commercial and personal banking, wealth management, and insurance. This allows them to cater to a broad customer base and reduce their reliance on a single product or service.
4. Strong Market Position: First Mid Bancshares has a strong presence in the market, with a wide network of branches and ATMs. This makes it convenient for customers to access their services, and it would be difficult for competitors to replicate their market presence.
5. Experienced Management Team: The company has a highly experienced management team with extensive knowledge of the banking industry. They have successfully navigated through various economic conditions, making them well-equipped to handle any competition.
6. Technology and Innovation: First Mid Bancshares has invested in technology and innovation, which has helped them stay ahead of the competition. They offer digital banking services, which have become increasingly important in today’s market, making it difficult for new competitors to catch up.
7. Regulatory Barriers: The banking industry is highly regulated, making it challenging for new competitors to enter the market and operate successfully. First Mid Bancshares has already established itself and complied with all regulatory requirements, which would be a significant barrier for new entrants.
Overall, First Mid Bancshares has a strong and established presence in the market, a trusted reputation, and a diverse product portfolio, making it challenging for existing or future competition to throw them out of business.

No, it would not be easy to found a new company that will beat First Mid Bancshares with just capital. First Mid Bancshares is an established company with a strong reputation and customer base. They likely have a significant amount of resources and experience that a new company with just capital alone would not be able to compete with. Additionally, the banking industry is highly regulated and starting a new bank can be a lengthy and complicated process. It would require a unique and innovative business model, strong leadership, and a solid understanding of the industry to successfully compete with First Mid Bancshares.