First Mid - M&A Summary and Business Overview

Financial ServicesCompany

First Mid M&A Summary

First Mid has acquired 6 companies, including 3 in the last 5 years.

First Mid’s largest acquisition to date was in 2021, when it acquired Delta Bancshares for $106M. First Mid has acquired in 4 different US states. The Company’s most targeted sectors include financial services (84%) and insurance (17%).

First Mid Business Overview

Where is First Mid headquartered?

First Mid is headquartered in Mattoon, Illinois.

What is First Mid’s revenue?

First Mid disclosed revenue of 275M USD for 2023 and 255M USD for 2022.

How many employees does First Mid have?

First Mid has 1,188 employees.

What sector is First Mid in?

First Mid is a financial services company.

When was First Mid founded?

First Mid was founded in 1865.

M&A Summary

M&A Total Activity6
- M&A Buy Activity6
Total Sectors Invested 2
Total Countries Invested 1
M&A Buy/Sell Connections 1
M&A Advisors 4

First Mid

First Mid Bancshares, Inc.

1421 Charleston Avenue,
Mattoon, Illinois 61938
United States,
(217) 234-7454
www.firstmid.com

First Mid provides financial services including banking, insurance, wealth management, brokerage, and ag services through a network of locations in Illinois, Missouri, Texas, and Wisconsin, and a loan production office in Indiana. First Mid was founded in 1981 and is based in Mattoon, Illinois.

M&A Summary

Buy vs Sell

Year		≤ '19	'20	'21	'22	'23	'24	T
Buy (0.4/yr)	#	4	-	1	-	1	-	6
Buy (0.4/yr)	vol	$90M		$106M		$90M		$287M
Sell (0.0/yr)	#	-	-	-	-	-	-	0
								6

Most Recent M&A

Company	Date	Value	Type
Blackhawk Bancorp, Inc.	2023-03-21	90M USD	Add-on Acquisition
Beloit, Wisconsin · www.blackhawkbank.com
Delta Bancshares Co.	2021-07-29	106M USD	Add-on Acquisition
Saint Louis, Missouri
Gentry-Couch, Inc.	2019-11-21	-	Add-on Acquisition
Carterville, Illinois · www.gentrycouch.com
SCB Bancorp, Inc.	2018-06-12	-	Divestiture
East Lansing, Michigan · www.summitcommunitybank.com
First BancTrust Corp.	2017-12-11	-	Add-on Acquisition
Paris, Illinois · www.firstbanktrust.com
First Clover Leaf Financial Corp.	2016-04-26	90M USD	Add-on Acquisition
Edwardsville, Illinois · www.firstcloverleafbank.com
View All >>

M&A by Sector

Sector	Buy #	Value	Sell #	Value
Financial Services	5 (83%)	287M (100%)	-	-
Insurance	1 (17%)	-	-	-
Total	6	$287M	-	-

By Geo

State/Country		Buy	Value	Sell	Value
United States		6	287M	-	-
	Illinois	3	90M	-	-
	Wisconsin	1	90M	-	-
	Missouri	1	106M	-	-
	Michigan	1	-	-	-
Total		6	$287M	-	-

Top M&A Advisors

Financial	Deals
FIG Partners LLC	3
Janney Montgomery Scott LLC	1

Legal	Deals
Schiff Hardin LLP	4
ArentFox Schiff	1

Deal Values

buy	#	Total
$100M to $1B	1	$106M
< $100M	2	$180M
TOTAL		$287M
Largest	Delta Bancshares Co. $106M (2021-07-29)

M&A Connections

		Deals
Acquired from
Strategic(s)	17%	1 (17%)

Company Summary

SECTOR

Financial Services

Revenue

275 8%	2023
255 9%	2022
234 27%	2021
185 4%	2020
178 24%	2019
144 18%	2018
123 26%	2017
98	2016
(millions of USD)	Show More Show Less

Employees

1,188

Established

1865

Public

NASDAQ: FMBH

Former Name

First Mid-Illinois Bancshares, Inc.

Subscribe to unlock this and 208,055
investor and company profiles

Sign-up today to get full access

Unlimited Searches
Unlimited Profile Views
Build and Export Lists of

PE Backed Companies
Direct Investors & Acquirers
Advisors
Deals
& More

1 Week Free Trial Learn More

What's Mergr?

We built Mergr to save people the arduous and time-consuming process of tracking when companies are bought, sold, and who currently owns them.

Every day, new opportunities emerge around M&A and we help professionals of all types comb through transactions, investors, and corporate acquirers via an easy-to-use web database that is accessible to anyone.

Try us for 1 week free today!

Mergr, the Easiest-to-Use PE and M&A DB

Key Benefits

Stay informed on events in your industry
M&A research that takes seconds (not all afternoon)
Better understand your customers and prospects
Discover active buyers (or sellers)

Search

4.6K Private Equity Firms
201K M&A Transactions
203K Companies Involved in M&A
(Buyer, Seller, or Target)
3.6K M&A Advisors
(Investment Banks and Law Firms)
81K M&A Contacts
(PE and M&A Advisors)

Ready to try?

Join FREE for 1 Week

No obligation. Cancel anytime.

Related Lists for First Mid

Illinois Companies , Financial Services Companies , United States Companies , Illinois Financial Services Companies , Illinois Financial Services with Acquisitions , Illinois Financial Services with Divestitures

Related Lists for Illinois Companies

Largest Illinois Companies , Acquisitive Illinois Companies , Recently Acquired Illinois Companies , Recently Sold Illinois Companies , Private Illinois Companies , Public Illinois Companies , Acquired Illinois Companies , PE Backed Illinois Companies

Related Lists for Financial Services Companies

Largest Financial Services Companies , Acquisitive Financial Services Companies , Recently Acquired Financial Services Companies , Recently Sold Financial Services Companies , Private Financial Services Companies , Public Financial Services Companies , Acquired Financial Services Companies , PE Backed Financial Services Companies

Related Lists for United States Companies

Largest United States Companies , Acquisitive United States Companies , Recently Acquired United States Companies , Recently Sold United States Companies , Private United States Companies , Public United States Companies , Acquired United States Companies , PE Backed United States Companies

First Mid - M&A Summary and Business Overview

Financial ServicesCompany