FIRST MID BANCSHARES, INC. (FMBH) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Low Risk
Limited dilution potential
Last updated: May 08, 2026

Risk Assessment Details

Potential Dilution: 0.0% of current shares
Recent Dilution: 4.2% (2 years)
Historical Dilution Factor: minimal recent dilution
Outstanding Shares
25M
Potential Supply
0
Additional shares possible
Splits
None
Past 2 years

Summary

FMBH currently has 24.9M outstanding shares. with minimal authorized share overhang for future dilution. The company has minimally diluted shareholders by 4.2% over the past 2 years.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 08, 2026

10-Q filing | 24.9M shares outstanding

25M 0
Oct 30, 2025

8-K filing: First Mid Bancshares, Inc. will acquire Two Rivers Financial Group, Inc. through a merger, with each share of Two Rivers common stock converted into 1.225 shares of First Mid common stock and cash, resulting in First Mid issuing approximately 2,556,140 shares of its common stock.

24M 0
Jun 25, 2025

8-K filing: First Mid Bancshares, Inc. terminated its previously authorized stock repurchase plan effective June 30, 2025, and authorized a new stock repurchase program for up to 1,200,000 shares of its common stock, effective July 1, 2025.

24M 0
May 09, 2025

10-Q filing | 24.0M shares outstanding

24M 0
Feb 28, 2025

10-K filing | 23.9M shares outstanding

24M 0
Nov 08, 2024

10-Q filing | 23.9M shares outstanding

24M 0
Aug 07, 2024

10-Q filing | 23.9M shares outstanding

24M 0
May 07, 2024

10-Q filing | 23.9M shares outstanding

24M 0
Mar 15, 2024

S-3 filing: First Mid Bancshares, Inc. may offer from time to time to sell, in one or more series, and in any combination, common stock, preferred stock, debt securities, depositary shares, subscription rights, stock purchase contracts, and stock purchase units. The aggregate initial offering price of the securities that they offer will not exceed $200,000,000.00.

22M 0
Mar 06, 2024

10-K filing | 21.9M shares outstanding

22M 0
Nov 08, 2023

10-Q filing | 22.3M shares outstanding

22M 0
Aug 08, 2023

10-Q filing | 20.5M shares outstanding

21M 0
May 09, 2023

10-Q filing | 20.6M shares outstanding

21M 0
Mar 21, 2023

8-K filing: First Mid Bancshares, Inc. entered into an agreement to acquire Blackhawk Bancorp, Inc. through a merger, with each share of Blackhawk common stock being converted into 1.15 shares of First Mid common stock.

20M 0
Mar 03, 2023

10-K filing | 20.2M shares outstanding

20M 0
Nov 08, 2022

10-Q filing | 20.5M shares outstanding

20M 0
Aug 08, 2022

10-Q filing | 20.4M shares outstanding

20M 0
May 09, 2022

10-Q filing | 19.4M shares outstanding

19M 0
Mar 02, 2022

10-K filing | 20.4M shares outstanding

20M 0
Nov 04, 2021

10-Q filing | 18.1M shares outstanding

18M 0
Aug 06, 2021

S-3/A filing: This S-3/A filing relates to the resale of up to 1,262,246 shares of common stock previously issued by First Mid Bancshares, Inc. to EPL LINCO Trust. The company will not receive any proceeds from the sale of these shares.

18M 0
Aug 04, 2021

10-Q filing | 18.1M shares outstanding

18M 0
Jul 29, 2021

S-3/A filing: This S-3/A filing relates to the resale of up to 1,262,246 shares of common stock previously issued by First Mid Bancshares, Inc. to EPL LINCO Trust.

17M 690K
May 10, 2021

10-Q filing | 17.3M shares outstanding

17M 690K
Mar 12, 2021

S-3 filing: This S-3 filing registers the resale of up to 1,262,246 shares of common stock previously issued by First Mid Bancshares, Inc. to EPL LINCO Trust.

17M 1.2M
Mar 08, 2021

10-K filing | 16.8M shares outstanding

17M 0
Dec 18, 2020

S-3 filing: First Mid Bancshares, Inc. may offer from time to time to sell, in one or more series, and in any combination, the securities described in this prospectus. The aggregate initial offering price of the securities that we offer will not exceed $125,000,000.00.

17M 0
Nov 06, 2020

10-Q filing | 16.7M shares outstanding

17M 0
Sep 28, 2020

8-K filing: First Mid Bancshares, Inc. entered into a Merger Agreement with LINCO Bancshares, Inc. to acquire 100% of LINCO's outstanding shares through a merger, with consideration including $116.5 million in cash and 1,262,246 shares of First Mid common stock.

17M 0
Aug 07, 2020

10-Q filing | 16.7M shares outstanding

17M 0
May 04, 2020

10-Q filing | 16.7M shares outstanding

17M 0
Mar 09, 2020

10-K filing | 16.7M shares outstanding

17M 0
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