First Mid Investor Presentation Q1'2025

First Mid Bancshares, Inc.

Q1 2025 Investor Presentation

NASDAQ: FMBH

Investor Contacts:

Austin Frank

Director of Investor Relations 217-258-5522

[email protected]

Matt Smith

Chief Financial Officer 217-258-1528

[email protected]

firstmid.com

Overview of First Mid Bancshares, Inc.

Personal & Commercial Banking Brokerage | Trust | Ag Services & Ag RE Brokerage Personal & Business Insurance

History and Recognition

Geographically Disbursed Franchise FMBH Stock Detail

• Oldest nationally chartered bank in Illinois, est. 1865

• History of growing shareholder value (Dividends since 1879)

• Publicly traded on Nasdaq since 2014

• Experienced management and seasoned lending team

• Demonstrated ability to raise capital and successfully complete acquisitions

• Committed to our community banking heritage and mission

• Largest bank owned insurance agency in Illinois

• Largest farm manager in Illinois

• Top Workplaces 2024 - USA Today

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*FMBH stock detail financial measures as of 3/31/2025. Tangible Book Value Per Share is a non-GAAP measure and is defined as total common equity less goodwill and intangibles divided by shares outstanding as of period end. FMBH stock price chart shows closing prices from 3/31/2024 through 3/31/2025.

Our Vision

To be a nimble, community-focused financial organization committed to quality, growth and earned independence for the benefit of all our stakeholders.

Our Purpose

COLLABORATE TO MAKE AN IMPACT.

Our Values

We make a positive IMPACT through our beliefs and actions. Strong, principled values have been the foundation of our Company for over 160 years.

Integrity

Integrity is at the core of our business.

Motivation

We are motivated to provide exceptional service and uphold our reputation.

Professionalism

Our professionalism is reflected in our expertise and high standards of performance and service delivery.

Accountability

We hold ourselves accountable for our individual actions and team performance.

Commitment

We are committed to the success of First Mid.

Teamwork

Teamwork is the foundation of our excellence.

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Investment Highlights

Attractive Franchise

Attractive Franchise

• $7.6 billion community focused organization providing leading products and services since 1865.

• Offer a full suite of financial services including banking, wealth management, brokerage, ag services, and insurance through a sizeable network of locations throughout Illinois, Missouri, Wisconsin, Indiana and Texas

• Providing consistent competitive dividends to our shareholders since 1879

  Growth Strategy

  Growth Strategy

  • Continue to look for strategic expansion in key geographic markets and continue to expand our non-interest offerings in those markets

  • Historical mid-single digit annual organic growth across our footprint

  • Choice acquirer with proven successful growth through disciplined and strategic M&A and diligence efforts

    Quality Core Deposits

    Quality Core Deposits

  • Quality core deposit franchise with stable relationships

  • Strong geographically diverse customer base

  • Long-term reliable source of funding

    High Quality Loan Portfolio

    High Quality Loan Portfolio

  • Diversified loan portfolio with seasoned experienced lenders with long-term relationships

  • Centralized underwriting provides consistency across our footprint

    Diversified Sources of Revenue

    Diversified Sources of Revenue

  • Diversified revenue sources with non-interest income accounting for roughly 30% of total revenue

  • Largest community bank-owned insurance agency in the State of Illinois offering a full line of insurance related products

  • Complementary Wealth Management, Trust Operations, and Ag Services with $6.2 billion AUM at March 31, 2025

    Conservative Risk Profile

    Conservative Risk Profile

  • Experienced Executive Management Team and Board of Directors

  • Strong asset quality metrics led by strong lending and conservative underwriting practices

  • Solid ERM team and corporate governance measures in place

    Strong Capital and Liquidity

    Strong Capital and Liquidity

    -Strong capital levels and balance sheet metrics including availability of multiple liquidity sources

  • Conservative securities portfolio managed for liquidity purposes

*Select financial metrics above reflect 3/31/2025 results.5

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Disclaimer

First Mid Bancshares Inc. published this content on April 30, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on April 30, 2025 at 20:36 UTC.