First Mid Bancshares Management

Management criteria checks 4/4

First Mid Bancshares' CEO is Joe Dively, appointed in Jan 2014, has a tenure of 10.83 years. total yearly compensation is $1.18M, comprised of 43.9% salary and 56.1% bonuses, including company stock and options. directly owns 0.4% of the company’s shares, worth $4.05M. The average tenure of the management team and the board of directors is 7.6 years and 9.3 years respectively.

Key information

Joe Dively

Chief executive officer

US$1.2m

Total compensation

CEO salary percentage	43.9%
CEO tenure	10.8yrs
CEO ownership	0.4%
Management average tenure	7.6yrs
Board average tenure	9.3yrs

Recent management updates

Recent updates

We Ran A Stock Scan For Earnings Growth And First Mid Bancshares (NASDAQ:FMBH) Passed With Ease

Mar 10

First Mid Bancshares goes ex-dividend tomorrow

Aug 16

First Mid Bancshares' (NASDAQ:FMBH) Shareholders Will Receive A Bigger Dividend Than Last Year

Aug 08

The Attractive Combination That Could Earn First Mid Bancshares, Inc. (NASDAQ:FMBH) A Place In Your Dividend Portfolio

Mar 05

First Mid Bancshares sees ~$2M one-off costs in 2021 on its branch optimization plans

Dec 04

First Mid Bancshares goes ex-dividend on Monday

Nov 28

First Mid Bancshares, Inc. (NASDAQ:FMBH) Looks Interesting, And It's About To Pay A Dividend

Nov 25

First Mid Bancshares EPS beats by $0.07, beats on revenue

Oct 29

CEO Compensation Analysis

How has Joe Dively's remuneration changed compared to First Mid Bancshares's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$78m
Jun 30 2024	n/a	n/a	US$73m
Mar 31 2024	n/a	n/a	US$70m
Dec 31 2023	US$1m	US$520k	US$69m
Sep 30 2023	n/a	n/a	US$72m
Jun 30 2023	n/a	n/a	US$74m
Mar 31 2023	n/a	n/a	US$76m
Dec 31 2022	US$2m	US$517k	US$73m
Sep 30 2022	n/a	n/a	US$69m
Jun 30 2022	n/a	n/a	US$70m
Mar 31 2022	n/a	n/a	US$64m
Dec 31 2021	US$2m	US$493k	US$51m
Sep 30 2021	n/a	n/a	US$48m
Jun 30 2021	n/a	n/a	US$41m
Mar 31 2021	n/a	n/a	US$39m
Dec 31 2020	US$1m	US$491k	US$45m
Sep 30 2020	n/a	n/a	US$44m
Jun 30 2020	n/a	n/a	US$44m
Mar 31 2020	n/a	n/a	US$45m
Dec 31 2019	US$885k	US$445k	US$48m
Sep 30 2019	n/a	n/a	US$46m
Jun 30 2019	n/a	n/a	US$42m
Mar 31 2019	n/a	n/a	US$42m
Dec 31 2018	US$1m	US$414k	US$37m
Sep 30 2018	n/a	n/a	US$31m
Jun 30 2018	n/a	n/a	US$31m
Mar 31 2018	n/a	n/a	US$29m
Dec 31 2017	US$712k	US$375k	US$27m

Compensation vs Market: Joe's total compensation ($USD1.18M) is below average for companies of similar size in the US market ($USD3.22M).

Compensation vs Earnings: Joe's compensation has been consistent with company performance over the past year.

CEO

Joe Dively (65 yo)

10.8yrs

Tenure

US$1,184,106

Compensation

Mr. Joseph R. Dively, also known as Joe, has been the Chairman of the Board, Chief Executive Officer and President of First Mid Bancshares, Inc (formerly known as First Mid-Illinois Bancshares, Inc.) since...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Joseph Dively	Chairman	10.8yrs	US$1.18m	0.40% $ 4.1m
Matthew Smith	Executive VP & CFO	7.9yrs	US$500.75k	0.059% $ 588.6k
Michael Taylor	Senior EVP & COO	7.3yrs	US$582.94k	0.15% $ 1.5m
Eric McRae	Executive Vice President	16.8yrs	US$503.37k	0.15% $ 1.5m
Bradley Beesley	Executive Vice President	9.7yrs	US$629.91k	0.069% $ 692.8k
Jeremy Frieburg	Senior VP & Chief Information Officer	less than a year	no data	0.0031% $ 31.5k
Jason Crowder	SVP & General Counsel	5.3yrs	no data	0.034% $ 342.4k
Rhonda Gatons	Executive VP & Director of Human Resources	8.7yrs	no data	0.038% $ 379.6k
Amanda Lewis	Executive Vice President	10.2yrs	no data	0.046% $ 465.8k
Jordan Read	Senior VP & Chief Risk Officer	3.3yrs	no data	0.021% $ 206.6k
Anya Schuetz	Senior VP & Director of Project Management	3.1yrs	no data	0.0078% $ 78.3k
Megan McElwee	Senior VP & Chief Credit Officer	2.8yrs	no data	0.018% $ 181.1k

7.6yrs

Average Tenure

50.5yo

Average Age

Experienced Management: FMBH's management team is seasoned and experienced (7.6 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Joseph Dively	Chairman	20.8yrs	US$1.18m	0.40% $ 4.1m
James McCurry	Independent Director	3.8yrs	US$66.58k	0.020% $ 200.8k
Mary Westerhold	Independent Director	8.2yrs	US$70.08k	1.27% $ 12.7m
Holly Adams	Lead Independent Director	12.5yrs	US$72.58k	1.75% $ 17.6m
Robert Cook	Independent Director	10.3yrs	US$65.25k	0.20% $ 2.0m
James Zimmer	Independent Director	10.3yrs	US$67.58k	0.031% $ 311.4k
Zachary Horn	Independent Director	4.8yrs	US$62.58k	0.019% $ 189.0k
Gisele Marcus	Independent Director	2.8yrs	US$63.58k	0.0080% $ 80.8k

9.3yrs

Average Tenure

54yo

Average Age

Experienced Board: FMBH's board of directors are considered experienced (9.3 years average tenure).

First Mid Bancshares Management

Management criteria checks 4/4

Key information

Recent management updates

Director recently sold US$371k worth of stock

First Mid Bancshares, Inc. Announces Board Appointments

Independent Director recently bought US$225k worth of stock

First Mid Bancshares, Inc. Appoints Gisele A. Marcus as Board of Director

First Mid Bancshares, Inc., Annual General Meeting, Apr 28, 2021

First Mid Bancshares, Inc. Appoints J. Kyle Mccurry as Class I Director

Recent updates

First Mid Bancshares, Inc. Announces Regular Quarterly Dividend, Payable on November 29, 2024

First Mid Bancshares (NASDAQ:FMBH) Is Increasing Its Dividend To $0.24

First Mid Bancshares, Inc. Approves Quarterly Dividend, Payable on August 30, 2024

First quarter dividend of US$0.23 announced

First quarter 2024 earnings: EPS and revenues exceed analyst expectations

First Mid Bancshares, Inc. Announces Net Charge-Offs for the First Quarter Ended March 31, 2024

Full year 2023 earnings: EPS misses analyst expectations

Upcoming dividend of US$0.23 per share at 3.0% yield

Fourth quarter dividend of US$0.23 announced

Full year 2023 earnings: EPS misses analyst expectations

First Mid Bancshares, Inc. Approves Regular Quarterly Dividend, Payable on March 1, 2024

Director recently sold US$371k worth of stock

First Mid Bancshares (NASDAQ:FMBH) Has Affirmed Its Dividend Of $0.23

First Mid Bancshares, Inc. Declares Quarterly Cash Dividend, Payable on December 1, 2023

Third quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

New minor risk - Shareholder dilution

First Mid Bancshares, Inc. Announces Board Appointments

Price target increased by 7.0% to US$34.25

Upcoming dividend of US$0.23 per share at 3.0% yield

Consensus revenue estimates increase by 11%

First Mid Bancshares (NASDAQ:FMBH) Has Affirmed Its Dividend Of $0.23

First Mid Bancshares, Inc. Declares Quarterly Dividend, Payable on September 1, 2023

Second quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Price target decreased by 7.2% to US$32.00

Independent Director recently bought US$225k worth of stock

Upcoming dividend of US$0.23 per share at 4.0% yield

Price target decreased by 8.3% to US$33.00

Investor sentiment deteriorates as stock falls 16%

We Ran A Stock Scan For Earnings Growth And First Mid Bancshares (NASDAQ:FMBH) Passed With Ease

Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Price target decreased by 7.7% to US$37.83

Upcoming dividend of US$0.23 per share at 2.7% yield

Consensus revenue estimates fall by 11%

First Mid Bancshares, Inc. Approves Regular Quarterly Dividend, Payable on March 1, 2023

Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Upcoming dividend of US$0.23 per share

Third quarter 2022 earnings: EPS and revenues miss analyst expectations

First Mid Bancshares, Inc. Approves Regular Quarterly Dividend, Payable on December 1, 2022

First Mid Bancshares goes ex-dividend tomorrow

Upcoming dividend of US$0.23 per share

First Mid Bancshares' (NASDAQ:FMBH) Shareholders Will Receive A Bigger Dividend Than Last Year

First Mid Bancshares, Inc. Approves Quarterly Dividend, Payable on September 1, 2022

Second quarter 2022 earnings released: EPS: US$0.87 (vs US$0.68 in 2Q 2021)

Price target decreased to US$45.20

Upcoming dividend of US$0.22 per share

Price target decreased to US$45.80

First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

First Mid Bancshares, Inc. Approves Quarterly Dividend, Payable on June 1, 2022

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

First Mid Bancshares, Inc. (NasdaqGM:FMBH) completed the acquisition of Delta Bancshares Company.

Upcoming dividend of US$0.22 per share

First Mid Bancshares, Inc. Appoints Gisele A. Marcus as Board of Director

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

First Mid Bancshares, Inc. Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2021

Upcoming dividend of US$0.22 per share

Third quarter 2021 earnings released: EPS US$1.01 (vs US$0.69 in 3Q 2020)

Upcoming dividend of US$0.22 per share

Second quarter 2021 earnings released: EPS US$0.68 (vs US$0.61 in 2Q 2020)

Upcoming dividend of US$0.20 per share

Price target increased to US$50.00

First quarter 2021 earnings released: EPS US$0.24 (vs US$0.60 in 1Q 2020)

First Mid Bancshares, Inc. Approves Regular Quarterly Dividend, Payable on June 1, 2021

First Mid Bancshares, Inc., Annual General Meeting, Apr 28, 2021

Full year 2020 earnings released: EPS US$2.71 (vs US$2.88 in FY 2019)

Earnings beat expectations, revenue disappoints

New 90-day high: US$40.00

The Attractive Combination That Could Earn First Mid Bancshares, Inc. (NASDAQ:FMBH) A Place In Your Dividend Portfolio

First Mid Bancshares, Inc. (NasdaqGM:FMBH) completed the acquisition of Linco Bancshares, Inc. from Laurie family.

First Mid Bancshares, Inc. Appoints J. Kyle Mccurry as Class I Director