First Mid Bancshares

First Mid Bancshares

FMBH· Finance· Fiscal year ends in December

CEO pay in FY2025Stock +5.9% in FY2025

Joseph R. Dively is the CEO of First Mid Bancshares and was paid $2.1M in FY2025 (Dec), up 32%.

Pay$100 in the stock at the end of FY20 → $121
CEO pay is from each First Mid Bancshares proxy. The stock line is the value of $100 put in the stock at the start, from the price change of each fiscal year. Dividends are not in it.

Executives5

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  1. 1Joseph R. DivelyFY2025
  2. 2Matthew K. SmithFY2025
  3. 3Michael L. TaylorFY2025
  4. 4Jordan D. ReadFY2025
  5. 5Eric S. McRaeFY2025

Named executives and their total pay, from the Summary Compensation Table of the latest proxy.

Pay

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First Mid Bancshares paid its 5 named executives $5.5M in total in FY2025 (Dec). CEO Joseph R. Dively was paid $2.1M of that.

Name
Joseph R. DivelyChairman & Chief Executive Officer
Matthew K. SmithPresident
Michael L. TaylorSr Executive Vice President & Chief Operating Officer
Jordan D. ReadExecutive Vice President & Chief Financial & Risk OfficerNot disclosedNot disclosed
Eric S. McRaeExecutive Vice President & Chief Lending Officer

of each named executive, from the Summary Compensation Table of each proxy.

Peers26

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The FY2025 (Dec) proxy of First Mid Bancshares names 26 peer companies for pay. Among First Mid Bancshares and these peers, CEO pay was 3rd highest of 9 and total shareholder return was 7th highest of 9.

3rd highest of 9in First Mid Bancshares and its pay peers, FY2025 (Dec) by CEO pay:

$1.5M$14.9M

7th highest of 9in First Mid Bancshares and its pay peers, FY2025 (Dec) by total shareholder return:

$89$215

The comes from the company's proxy. CEO pay and of each company come from its own Pay versus Performance table for the same fiscal year.

Board4

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  • Mary J. WesterholdDirector · 9 yr on the boardIndependentAudit, Compensation, Nominating & Governance, Risk—Paid as an executive
  • J. Kyle McCurryDirector · 4 yr on the boardIndependentAudit, Compensation, Nominating & Governance, Risk—Paid as an executive
  • Paul L. PalmbyDirector · 1 yr on the boardIndependentAudit, Compensation, Nominating & Governance, Risk—Paid as an executive
  • Alex J. MelvinDirector · 0 yr on the boardIndependentAudit, Compensation, Nominating & Governance, Risk—Paid as an executive

The board of the latest proxy (FY2025).

Activity

  1. Pay
    First Mid Bancshares COO pay rose 24% to $909.4K. The stock rose 6% in FY2025 (Dec).
    DEF 14A
  2. Pay
    First Mid Bancshares President pay rose 48% to $1.0M. The stock rose 6% in FY2025 (Dec).
    DEF 14A
  3. Pay
    First Mid Bancshares CEO pay rose 32% to $2.1M. The stock rose 6% in FY2025 (Dec).
    DEF 14A
  4. Pay
    First Mid Bancshares Division head pay rose 17% to $732.1K. The stock rose 6% in FY2025 (Dec).
    DEF 14A
  5. Board
    Alex J. Melvin joined the board of First Mid Bancshares. Alex J. Melvin sits on no other public board.
    3
  6. Pay
    First Mid Bancshares COO pay rose 26% to $735.0K. The stock rose 6% in FY2024 (Dec).
    DEF 14A
  7. Pay
    First Mid Bancshares President pay rose 36% to $680.5K. The stock rose 6% in FY2024 (Dec).
    DEF 14A
  8. Pay
    First Mid Bancshares CEO pay rose 35% to $1.6M. The stock rose 6% in FY2024 (Dec).
    DEF 14A
  9. Pay
    First Mid Bancshares Division head pay rose 25% to $626.9K. The stock rose 6% in FY2024 (Dec).
    DEF 14A
  10. Pay
    First Mid Bancshares Division head pay rose 24% to $780.9K. The stock rose 6% in FY2024 (Dec).
    DEF 14A
  11. Board
    Paul L. Palmby joined the board of First Mid Bancshares. Paul L. Palmby sits on no other public board.
    3
  12. Pay
    First Mid Bancshares COO pay fell 17% to $582.9K. The stock rose 8% in FY2023 (Dec).
    DEF 14A
  13. Pay
    First Mid Bancshares COO pay fell 16% to $704.6K. The stock fell 23% in FY2022 (Dec).
    DEF 14A
  14. Pay
    First Mid Bancshares President pay fell 17% to $500.7K. The stock rose 8% in FY2023 (Dec).
    DEF 14A
  15. Pay
    First Mid Bancshares President pay fell 15% to $605.8K. The stock fell 23% in FY2022 (Dec).
    DEF 14A
  16. Pay
    First Mid Bancshares CEO pay fell 24% to $1.2M. The stock rose 8% in FY2023 (Dec).
    DEF 14A
  17. Pay
    First Mid Bancshares Division head pay fell 27% to $503.4K. The stock rose 8% in FY2023 (Dec).
    DEF 14A
  18. Pay
    First Mid Bancshares Division head pay fell 22% to $690.6K. The stock fell 23% in FY2022 (Dec).
    DEF 14A

Filings6

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Proxy statementDEF 14AMar 17, 2026FY2025
Annual report10-KFeb 27, 2026FY2025
Proxy statementDEF 14AMar 18, 2025FY2024
Annual report10-KFeb 28, 2025FY2024
Proxy statementDEF 14AMar 15, 2024FY2023
Annual report10-KMar 6, 2024FY2023
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