← FIRST MID BANCSHARES, INC.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income (Loss) Attributable to Parent $21.8m $26.7m $36.6m $47.9m $45.3m $51.5m $73.0m $68.9m $78.9m $91.7m
Net Income (Loss) Available to Common Stockholders, Basic $21.0m $26.7m $36.6m $47.9m — — — — — —
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest — — — — $45.3m $51.5m $73.0m $68.9m $78.9m $91.7m
Depreciation, Amortization and Accretion, Net $7.9m $8.1m $7.9m $10.8m $11.7m $14.4m $15.1m $14.9m $20.8m $19.8m
Amortization of Debt Issuance Costs and Discounts — — — — $1.4m $1.3m $1.2m — — —
Amortization of Intangible Assets $1.9m $2.2m $3.2m $5.8m $5.1m $5.4m $6.3m $9.1m $13.6m $12.4m
Depreciation $2.5m $2.7m $3.0m $3.6m $3.8m $4.4m $4.9m $5.0m $4.9m —
Deferred Income Tax Expense (Benefit) ($2.4m) $2.5m $4.3m $1.9m ($5.0m) ($3.4m) ($2.2m) $16.7m $590k ($2.3m)
Share-based Payment Arrangement, Noncash Expense $384k $954k $294k $453k $774k $1.3m $1.8m $1.7m $2.4m $2.6m
Gain (Loss) on Sale of Assets and Asset Impairment Charges ($28k) ($11k) ($30k) ($90k) $5k $0 $0 ($131k) ($1.2m) —
Share-based Payment Arrangement, Expensed and Capitalized, Amount — $954k — — — — — — — —
Gain (Loss) on Disposition of Property Plant Equipment ($653k) $0 $0 — — — — — — $1.9m
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property $1.2m $1.1m $1.1m $1.5m $5.2m $4.3m $1.2m $1.2m $3.6m —
Gain (Loss) on Disposition of Assets — — — — — — — — — $630k
Gain (Loss) on Disposition of Other Assets — — — — — $126k ($125k) $0 $0 —
Income Tax Expense (Benefit) $11.9m $15.0m $11.9m $15.3m $14.5m $15.3m $18.3m $19.5m $25.5m $25.3m
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Other Operating Assets ($1.8m) ($668k) $4.3m $4.7m $2.0m $13.7m $19.5m $20.6m ($33.5m) ($10.6m)
Bank Owned Life Insurance Income $671k $1.6m $1.4m $1.8m $1.7m $3.0m $3.6m $5.0m $4.7m $5.5m
Increase (Decrease) in Other Operating Liabilities ($2.9m) $666k ($7.8m) $3.3m $5.7m $5.5m $3.3m ($1.7m) ($4.2m) $3.5m
Gain (Loss) on Sales of Loans, Net — ($698k) $0 $0 — — — — — $4.0m
Parent Company $5.3m $7.2m $8.8m $11.9m $12.8m $14.7m $17.8m $19.6m $22.4m $23.4m
Debt and Equity Securities, Gain (Loss) — — $901k $802k $1.1m $124k $33k $3.4m ($433k) ($2.5m)
Debt and Equity Securities, Unrealized Gain (Loss) — — — — — $124k $33k $3.4m ($433k) ($2.5m)
Goodwill $57.8m $60.1m $105.3m $105.0m $105.0m $111.9m $140.4m $196.5m $203.4m $203.4m
Insured Event, Gain (Loss) — $511k $0 $0 — — — — — —
Financing Receivable, Credit Loss, Expense (Reversal) — — — — — — — — $5.6m $9.9m
Derivative, Gain (Loss) on Derivative, Net — — — ($325k) — — — — — —
Net Cash Provided by (Used in) Operating Activities $27.4m $46.2m $42.2m $62.8m $63.5m $69.6m $65.8m $72.4m $124.4m $130.9m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $695k $1.3m $3.1m $4.1m $2.5m $3.7m $5.0m $3.6m $4.9m $6.8m
Net Cash Provided by (Used in) Investing Activities ($78.1m) ($56.0m) ($11.0m) ($32.1m) ($562.4m) ($482.5m) ($178.7m) $474.4m ($7.5m) ($302.6m)
Cash flows from financing activities:
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale $117.0m $73.3m $55.0m $154.2m $324.1m $238.0m $144.7m $106.0m $91.7m $117.6m
Proceeds from Issuance of Long-term Debt $15.0m $0 $0 — $94.3m $0 $0 — — —
Repayments of Long-term Debt — $3.8m $10.3m $7.7m $0 $0 — — — —
Proceeds from Issuance of Common Stock $195k $4.4m $36.6m $655k $610k $1.9m $1.2m $1.0m $1.1m $1.1m
Payments for Repurchase of Common Stock $0 $797k $138k $1.3m $213k $326k $340k $465k $659k $724k
Payments of Ordinary Dividends, Common Stock $5.3m $7.2m $8.8m $11.9m $12.8m $14.7m $17.8m $19.6m $22.4m $23.4m
Dividends Payable, Current $0 — — — — — — — — —
Net Cash Provided by (Used in) Financing Activities $110.8m ($77.2m) $21.3m ($87.1m) $831.1m $164.2m $96.7m ($556.2m) ($138.8m) $305.5m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — — — — $332.2m ($248.7m) ($16.2m) ($9.4m) ($21.8m) $133.7m
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities $4.1m $6.4m $11.7m $23.5m $16.6m $16.3m $29.6m $104.6m $128.8m $116.3m
Income Taxes Paid, Net $13.1m $11.7m $9.6m $15.6m $18.6m $19.0m $23.0m — ($1.5m) $18.0m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.