First Mid Bancshares: Pay

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.

Pay$100 in the stock at the end of FY20 → $121
CEO pay is from each 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.

Pay of each named executive

Joseph R. DivelyChairman & Chief Executive Officer
FY2025 (Dec)
FY2024 (Dec)
FY2023 (Dec)
FY2022 (Dec)Not disclosed
FY2021 (Dec)Not disclosed
5 years
Matthew K. SmithPresident
FY2025 (Dec)
FY2024 (Dec)
FY2023 (Dec)
FY2022 (Dec)Not disclosed
FY2021 (Dec)Not disclosed
5 years
Michael L. TaylorSr Executive Vice President & Chief Operating Officer
FY2025 (Dec)
FY2024 (Dec)
FY2023 (Dec)
FY2022 (Dec)Not disclosed
FY2021 (Dec)Not disclosed
5 years
Jordan D. ReadExecutive Vice President & Chief Financial & Risk Officer
FY2025 (Dec)
1 year
Eric S. McRaeExecutive Vice President & Chief Lending Officer
FY2025 (Dec)
FY2024 (Dec)
FY2023 (Dec)
FY2022 (Dec)Not disclosed
FY2021 (Dec)Not disclosed
5 years

CEO pay against the pay peers

In FY2025 (Dec), the median CEO pay of the 8 peers with pay on file was $1.7M. The CEO of First Mid Bancshares was paid $2.1M, 21% above the median.

  1. 1Nicolet Bankshares
  2. 2FB Financial
  3. 3First Mid Bancshares
  4. 4German American Bancorp
  5. 5Mercantile Bank
  6. 6QCR Holdings
  7. 7Alerus Financial
  8. 8Midland States Bancorp
  9. 9Peoples Bancorp
  10. 101ST SourceNot disclosed
  11. 11Byline Bancorp, Inc.Not disclosed
  12. 12Community Trust Bancorp, Inc.Not disclosed
  13. 13Equity BancsharesNot disclosed
  14. 14Farmers National Banc Corp.Not disclosed
  15. 15First Commonwealth Financial CorporationNot disclosed
  16. 16First Financial CorporationNot disclosed
  17. 17FirstSun Capital BancorpNot disclosed
  18. 18Great Southern BancorpNot disclosed
  19. 19HBT Financial, Inc.Not disclosed
  20. 20Horizon BancorpNot disclosed
  21. 21Independent BankNot disclosed
  22. 22Lakeland FinancialNot disclosed
  23. 23Midwest One Financial Group, Inc.Not disclosed
  24. 24Old Second Bancorp, Inc.Not disclosed
  25. 25Park National CorporationNot disclosed
  26. 26Republic Bancorp, Inc.Not disclosed
  27. 27Stock Yards BancorpNot disclosed

Pay of each named executive comes from the Summary Compensation Table of each proxy statement. Realized pay adds the value of options used and stock that vested. CEO pay of each peer comes from its own Pay versus Performance table.