First Mid Bancshares, Inc. · NASDAQ:FMBH
First Mid Bancshares — Merger or Acquisition (October 2026)
12 slides from First Mid Bancshares's merger presentation, Oct 29, 2026
Slide 1: First Mid + Evergreen Bancshares
First Mid + Evergreen Bancshares October 29, 2026 Investor Contacts: Austin Frank Director of Investor Relations 217 - 258 - 5522 [email protected] Jordan Read Chief Financial Officer & Chief Risk Officer 217 - 258 - 3528 [email protected] NASDAQ: FMBH firstmid.com
Slide 2: Forward Looking Statements
Forward Looking Statements This document may contain forward - looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 regarding First Mid Bancshares, Inc. (“First Mid”), Evergreen Bancshares, Inc. (“Evergreen”) and the proposed transactions, including s tat eme
Slide 3: Important Information about the Merger and Additional Information
Important Information about the Merger and Additional Information First Mid will file a registration statement on Form S - 4 with the SEC in connection with the proposed transaction. The registrat ion statement will include a proxy statement of Evergreen that also constitutes a prospectus of First M
Slide 4: Overview of Evergreen Bancshares, Inc.
Overview of Evergreen Bancshares, Inc. American Bank of Freedom: Relationship - Driven Community Banking in the St. Louis Region Complementary Branch Footprint Bank - Level Financial Highlights Source: S&P Global Market Intelligence. Financial data as of, or for the three months ended September 30,
Slide 5: Strategically Enhances Scale & Positions First Mid for $10B+
Strategically Enhances Scale & Positions First Mid for $10B+ Strategically Compelling ■ Deepens FMBH’s St. Louis and I - 70 corridor presence while expanding into Indianapolis with a full - service branch alongside the e xisting LPO ■ Cultural alignment across commercial banking capabilities with es
Slide 6: Attractive, Complementary Markets
Attractive, Complementary Markets 1 0 Branches 8 2 % Deposits in St. Louis Region 3 Full - Service States St. Louis Metro Des Peres · Rock Hill · O'Fallon I - 70 Corridor Wright City · Warrenton · Montgomery City · Wellsville · Middletown Springfield, IL Area Rochester 3 Branches $30 8 M Deposits 42
Slide 7: Pro Forma Loan & Deposit Composition
NIB 18% IB Demand, Savings & MMDA 58% Retail TD (≤$250k) 17% Jumbo TD (>$250k) 7% NIB 6% IB Demand, Savings & MMDA 37% Retail TD (≤$250k) 51% Jumbo TD (>$250k) 6% NIB 19% IB Demand, Savings & MMDA 60% Retail TD (≤$250k) 13% Jumbo TD (>$250k) 7% Const. & Land 7% Resi. RE 12% CRE (OO) 12% CRE (NOO) 29
Slide 8: Transaction Summary
Transaction Summary Structure & Consideration⁽¹⁾ • Aggregate transaction value of approximately $ 70.7 million • 0.4081 FMBH shares plus $5.20 in cash for each Evergreen share outstanding • Implied consideration mix of approximately 80% stock / 20% cash consideration • Pro forma ownership of approxi
Slide 9: Thorough Due Diligence Process
Thorough Due Diligence Process First Mid is a proven, experienced and disciplined acquirer with this being the 8 th whole bank acquisition in the past 10 years. First Mid has a comprehensive transaction process spanning diligence, modeling, employee engagement, closing and integration Credit Review
Slide 10: Experienced Acquirer
Experienced Acquirer 11 Transactions Since 2015 8 Whole - Bank Acquisitions ~ $7 B Assets Acquired ~$ 8 00 M Aggregate Disclosed Transaction Value 2015 Old National Branches Assets: $441M Branches: 12 2016 First Clover Leaf Whole Bank Assets: $659M Branches: 7 2018 First BancTrust Whole Bank Assets:
Slide 11: Appendix
Appendix Appendix aul *
Slide 12: TBV Dilution and Pro Forma EPS Reconciliation
TBV Dilution and Pro Forma EPS Reconciliation Note : Pro forma metrics projected to an assumed 3/31/27 closing based on financial data as of 9/30/26; market data as of 10/27/26 ( FMB H closing price of $51.01). Totals may not foot due to rounding. (1) Tangible book value per share defined as total s
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