First Mid-Illinois Bancshares secures approvals for Two Rivers merger

First Mid-Illinois Bancshares ( (FMBH) ) has issued an announcement.

On October 29, 2025, First Mid Bancshares, Inc. entered into a merger agreement to acquire 100% of the shares of 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 continuing as the surviving company. The company received regulatory approvals for the merger from the Iowa Division of Banking on December 23, 2025, and from the Federal Reserve Bank of Chicago on December 30, 2025, clearing key hurdles for the transaction and positioning First Mid to expand its regional banking footprint, with closing expected in the first quarter of 2026 subject to customary conditions.

The most recent analyst rating on (FMBH) stock is a Buy with a $44.00 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.

The score is driven primarily by strong profitability and a stable balance sheet, supported by an attractive valuation (low P/E and solid dividend yield). Offsetting factors are mixed near-term technical momentum and some cash flow softness, while the announced and progressing acquisition provides a positive strategic tailwind.

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 that operates in the regional financial services industry, providing commercial and consumer banking and related financial products through its subsidiaries in the Midwest U.S. market.

Average Trading Volume: 78,448

Technical Sentiment Signal: Strong Buy

Current Market Cap: $936.1M

See more data about FMBH stock on TipRanks’ Stock Analysis page.