First Mid Bancshares Inc 2025年度报告

FORM 11-K [X] ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the fiscal year ended December 31, 2025OR[ ] TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period from _____________ to ______________ Commission file number: 001-36434 FIRST MID BANCSHARES, INC.EMPLOYEE STOCK PURCHASE PLAN(Full Title of Plan) FIRST MID BANCSHARES, INC.1421 Charleston AvenueP.O. Box 499Mattoon, Illinois 61938(Name of Issuer of the Securities Held Pursuant to the Planand the Address of the Principal Executive Office) First Mid Bancshares, Inc.Employee Stock Purchase PlanDecember 31, 2025 and 2024 Contents Report of Independent Registered Public Accounting Firm Financial StatementsStatements of Financial Condition as of December 31, 2025 and 20244Statements of Income and Changes in Plan Equity for the Years Ended December 31, 2025 and 20245Notes to Financial Statements6Signature9Exhibit Index10 Report of Independent Registered Public Accounting Firm Audit Committee, Plan Management and Plan ParticipantsFirst Mid Bancshares, Inc. Employee Stock Purchase PlanMattoon, Illinois Opinion on the Financial Statements We have audited the accompanying statements of financial condition of First Mid Bancshares, Inc. Employee StockPurchase Plan (the “Plan”) as of December 31, 2025 and 2024, the related statements of income and changes in planequity for the years then ended, and the related notes (collectively referred to as the “financial statements”). In ouropinion, the financial statements referred to above present fairly, in all material respects, the financial position of FirstMid Bancshares, Inc. Employee Stock Purchase Plan as of December 31, 2025 and 2024, and the results of itsoperations for the years then ended in conformity with accounting principles generally accepted in the United States ofAmerica. Basis of Opinion These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinionon these financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States)(“PCAOB”) and are required to be independent with respect to the Plan in accordance with the U.S. federal securitieslaws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB. We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan andperform the audits to obtain reasonable assurance about whether the financial statements are free of materialmisstatement, whether due to error or fraud. The Plan is not required to have, nor were we engaged to perform, an auditof its internal control over financial reporting. As part of our audits, we are required to obtain an understanding ofinternal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of thePlan’s internal control over financial reporting. Accordingly, we express no such opinion. Our audits included performing procedures to assess the risks of material misstatement of the financial statements,whether due to error or fraud, and performing procedures that respond to those risks. Such procedures includedexamining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits alsoincluded evaluating the accounting principles used and significant estimates made by management, as well asevaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis forour opinion. We have served as the Plan’s auditor since 2023. /s/Forvis Mazars,LLP St. Louis, MissouriMarch 30, 2026 First Mid Bancshares, Inc.Employee Stock Purchase PlanStatements of Financial ConditionDecember 31, 2025 and 2024 Year Ended December 31, AssetsPlan cash held in TrustTotal assets $237,022237,022 Liabilities and plan equityPayable to broker for stock purchasesPayable to participantsPlan equityTotal liabilities and plan equity See Notes to Financial Statements First Mid Bancshares, Inc.Employee Stock Purchase PlanStatements of Income and Changes in Plan EquityYears Ended December 31, 2025 and 2024 20252024 Year Ended December 31, AdditionsEmployee contributions, net of withdrawals $901,836$885,995901,836885,995 Total additions DeductionsCost of shares purchased Participants cash added (subtracted) to TrustTotal deductionsChanges in plan equityPlan equity, beginning of yearPlan equity, end of year See Notes to Financial Statements Notes to Financial Statements Note 1: Description of the Plan and Accounting Accounting Principles The financial statements and accompanying notes are prepared in accordance with accounting principles generallyaccepted in the United States of America. General The following description of the First Mid Bancshares, Inc. Employee Stock Purchase Plan (“Pla