Business Context and Reporting Period
Company: FIRST MID BANCSHARES, INC. (FMBH)
Filing Type: Form 8-K (Current Report)
Date of Report: February 20, 2026
Reporting Period: Event date February 19, 2026
The Company entered into a material definitive agreement to amend its existing credit facility to facilitate a pending acquisition.
Key Financial Metrics
This filing does not report periodic financial performance metrics such as revenue, profit, cash flow, or margins. The only specific financial figure disclosed relates to the Company's debt facility:
- Revolving Loan Facility: $15 million with The Northern Trust Company.
- Debt Status: The facility was amended to consent to matters related to the pending merger.
Material Changes
Amendment to Credit Agreement: On February 19, 2026, the Company executed a Tenth Amendment to its Sixth Amended and Restated Credit Agreement (originally dated April 12, 2019). The amendment secured consent from The Northern Trust Company regarding the Company's pending acquisition of Two Rivers Financial Group, Inc.
Guidance, Outlook, and Risks
Merger Status: The Company is in the process of acquiring Two Rivers Financial Group, Inc. via merger. A registration statement on Form S-4 was declared effective on January 16, 2026, and a final proxy statement/prospectus was mailed to Two Rivers shareholders on January 23, 2026.
Forward-Looking Statements and Risks: The filing includes standard safe harbor language regarding forward-looking statements. Key risks identified include:
- Failure to realize anticipated benefits of the transaction within the expected timeframe.
- Integration delays, increased costs, or difficulties.
- Inability to complete the transaction due to failure to satisfy conditions (e.g., shareholder or regulatory approvals).
- Impact on customer relationships and operating results.
- General economic conditions, interest rate changes, and regulatory changes.
Investor Verification Checklist
- Verify the status of shareholder and regulatory approvals for the Two Rivers Financial Group, Inc. merger.
- Review the full text of the Tenth Amendment to the Credit Agreement (Exhibit 10.1) for specific covenants or conditions triggered by the merger.
- Examine the Form S-4 proxy statement/prospectus for detailed risk factors and transaction terms.
- Monitor for any updates regarding the integration timeline and potential costs associated with the acquisition.