SCHEDULE 13G/A: BlackRock Amends Stake in First Mid Bancshares, Reports 6.0% Beneficial Ownership
Beneficial Ownership Report
BlackRock, Inc. has filed an Amendment No. 5 to its Schedule 13G, disclosing a 6.0% beneficial ownership stake in First Mid Bancshares, Inc. as of March 31, 2025.
Summary
- BlackRock, Inc. filed an Amendment No. 5 to its Schedule 13G regarding its beneficial ownership in First Mid Bancshares, Inc.
- As of March 31, 2025, BlackRock, Inc. beneficially owns 1,752,113 shares of First Mid Bancshares, Inc. Common Stock.
- This represents 6.0% of the total outstanding class of securities.
- BlackRock holds sole voting power over 1,709,692 shares and sole dispositive power over 1,752,113 shares.
- The filing indicates that the shares were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.
Sentiment
Score: 5
Explanation: The document is a factual, regulatory filing disclosing beneficial ownership. It contains no subjective language or information that would indicate a positive or negative sentiment towards the issuer or its prospects.
Future Outlook
The document does not contain any forward-looking statements or guidance regarding the issuer's future performance or BlackRock's future investment intentions beyond the current ownership disclosure.
Industry Context
This filing is a routine disclosure by a major institutional investor, BlackRock, Inc., regarding its passive ownership stake in a regional banking institution, First Mid Bancshares, Inc. Such disclosures are common for large asset managers that hold significant, non-controlling positions across numerous public companies.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney Update | BlackRock, Inc. updated its Power of Attorney, revoking a previous one dated April 30, 2023, and appointing new or re-affirming existing attorneys-in-fact for executing SEC and other regulatory filings. | 2025-01-21 | This is a routine internal corporate governance update for BlackRock, ensuring proper authorization for regulatory filings. It has no direct impact on First Mid Bancshares, Inc.'s corporate governance. |
Stakeholder Impact
- Shareholders of First Mid Bancshares, Inc. are informed of BlackRock, Inc.'s continued significant, passive ownership stake, which may provide a degree of institutional confidence.
Key Dates
| Date | Description |
|---|---|
| 2023-04-30 | Previous Power of Attorney revoked by BlackRock, Inc. |
| 2025-01-21 | Effective date of the new Power of Attorney for BlackRock, Inc. |
| 2025-03-31 | Date of event which requires filing of this statement (measurement date for ownership). |
| 2025-04-17 | Date of filing and signature of the Schedule 13G Amendment No. 5. |
Keywords
BlackRock, First Mid Bancshares, Schedule 13G, Beneficial Ownership, Common Stock, SEC Filing, Institutional Investor, Financial Services, Banking Sector
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