First Mid Bancshares Reports Strong Q4 Earnings, Surpassing Estimates
MATTOON, Ill. (AP) - First Mid Bancshares, Inc. (FMBH) announced its fourth-quarter financial results on Thursday, reporting a net income of $19.2 million. The Mattoon, Illinois-based bank recorded earnings per share of 80 cents, adjusted to 87 cents per share excluding non-recurring costs.
These results exceeded Wall Street expectations, with the average estimate among four analysts surveyed by Zacks Investment Research being 82 cents per share. FMBH also posted revenue of $116.2 million for the quarter, with net interest income amounting to $85.3 million, both outperforming analyst forecasts.
For the full year, First Mid Bancshares reported a profit of $78.9 million, translating to $3.30 per share. Total revenue for the year stood at $325 million.