Item 2. Unregistered Sales of Equity Securities
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
The Company’s common stock is included for quotation on the NASDAQ Stock Market, LLC under the trading symbol “FMBH.”
The Company’s shareholders are entitled to receive dividends as are declared by the Board of Directors, which considered quarterly payment of dividends during 2026. The ability of the Company to pay dividends, as well as fund its operations, is dependent upon receipt of dividends from First Mid Bank and Two Rivers Bank. Regulatory authorities limit the amount of dividends that can be paid by First Mid Bank or Two Rivers Bank without prior approval from such authorities. For further discussion of the Bank’s dividend restrictions, see Item 1 – “Business” – “First Mid Bank” – “Dividends” and Note 16 – “Dividend Restrictions” described in the Company's Annual Report on Form 10-K for the year-ended December 31, 2025.
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The following table summarizes share repurchase activity for the quarter ending March 31, 2026:
ISSUER PURCHASES OF EQUITY SECURITIES
Period
(a) Total
Number
of Shares
Purchased
(b) Average
Price Paid
per Share
(c) Total
Number
of Shares
Purchased
as Part of
Publicly
Announced
Plans or
Programs
(d) Approximate
Dollar Value
of Shares
that May
Yet Be
Purchased
Under the
Plans or
Programs at
End of Period
January 1, 2026 - January 31, 2026
—
$
—
—
$
50,520,000
February 1, 2026 - February 28, 2026
—
—
—
49,212,000
March 1, 2026 - March 31, 2026
12,686
39.45
12,686
48,905,464
Total
12,686
$
39.45
12,686
$
48,905,464
On June 24, 2025, the Board of Directors approved a repurchase program (the “2025 Repurchase Program”), which became effective on July 1, 2025. The 2025 Repurchase Program supersedes all previous repurchase plans and authorizes the Company to repurchase up to 1.2 million shares of the Company's common stock. During the three months ended March 31, 2026, the Company repurchased 12,686 shares through this plan.
See heading “Stock Repurchase Program” for more information regarding stock purchases.
ITEM 3. DEFAULTS UPON SENIOR SECURITIES
None.
ITEM 4. MINE SAFETY DISCLOSURES
Not applicable.
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.