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First Mid-Illinois Bancshares ( (FMBH) ) has provided an update.
On October 29, 2025, First Mid Bancshares, Inc. entered into a merger agreement to acquire 100% of the shares of Iowa-based Two Rivers Financial Group, Inc. via a business combination in which Two Rivers will merge into a newly formed, wholly owned Iowa subsidiary of First Mid, with that subsidiary remaining as the surviving company. On December 23, 2025, First Mid secured approval for the transaction from the Iowa Division of Banking and is now awaiting approval from the Federal Reserve, with the company expecting, subject to remaining regulatory clearances and customary closing conditions, to complete the deal in the first quarter of 2026, a move that would expand its regional presence and customer base in Iowa and enhance its competitive position among Midwestern community and regional banks.
The most recent analyst rating on (FMBH) stock is a Buy with a $46.00 price target. To see the full list of analyst forecasts on First Mid-Illinois Bancshares stock, see the FMBH Stock Forecast page.
Spark’s Take on FMBH Stock
According to Spark, TipRanks’ AI Analyst, FMBH is a Outperform.
First Mid-Illinois Bancshares is well-positioned in the regional banking sector with strong financial performance and a strategic acquisition that enhances future growth prospects. The stock’s technical indicators show positive momentum, although caution is advised due to potential overbought conditions. The valuation is attractive, offering a reasonable P/E ratio and a solid dividend yield.
To see Spark’s full report on FMBH stock, click here.
More about First Mid-Illinois Bancshares
First Mid Bancshares, Inc. is a bank holding company operating in the U.S. regional banking sector, providing commercial and consumer banking and related financial services through its subsidiaries, with a strategic focus on expanding its footprint in Midwestern markets such as Iowa.
Average Trading Volume: 76,956
Technical Sentiment Signal: Strong Buy
Current Market Cap: $953.3M
See more data about FMBH stock on TipRanks’ Stock Analysis page.