Transaction details
Clay M Dean, who serves as CEO of First Mid Insurance Group at FIRST MID BANCSHARES, INC. (NASDAQ:FMBH), sold 3,696.229 shares of common stock on December 24, 2025. The shares were disposed of at a per-share price of $40.5819, producing a total transaction value of $149,999.
At the time of the sale the stock was trading near $41.64. Over the prior 12 months the shares had increased roughly 22% in value, though InvestingPro analysis notes the shares are slightly overvalued relative to its Fair Value estimate.
Post-transaction holdings
Following the December sale, Dean directly holds 12,071.819 shares of First Mid Bancshares common stock. In addition to his direct ownership, Dean has an indirect stake of 4,236.9351 shares through a Deferred Compensation Plan and 277.7001 shares held through a 401k.
Company profile and shareholder returns
First Mid Bancshares is a bank holding company with total assets of $1.11 billion. Company disclosure and InvestingPro Tips indicate a shareholder-friendly record: the firm has increased its dividend for 15 consecutive years and has maintained dividend payments for 27 straight years. The stock currently yields 2.43% and trades at a trailing price-to-earnings ratio of 10.89.
Acquisition and financing updates
Separately, First Mid Bancshares has completed its acquisition of Two Rivers Financial Group, a transaction involving approximately $1.2 billion in assets. The deal includes $883 million in loans, $1.0 billion in deposits, and more than $1.2 billion in trust and wealth assets under management. The merger was first announced in October 2025 and received approval from both stockholders and regulators.
Regulatory approvals for the transaction included sign-off from the Federal Reserve Bank of Chicago and the Iowa Division of Banking, both granted in late December 2025. As part of the integration, Two Rivers will merge into Star Sub LLC, a wholly owned subsidiary of First Mid Bancshares.
To facilitate the acquisition, First Mid amended its credit agreement with The Northern Trust Company. That amendment addresses specific matters tied to the merger and follows a series of adjustments to the credit agreement dating back to 2019.
Context and implications
The CEO stock sale represents a modest reduction in a concentrated executive position while Dean retains meaningful direct and indirect ownership. At the same time, the completion of the Two Rivers transaction and the related credit agreement amendment mark concrete steps in First Mid’s expansion plans.