First Mid Bancshares, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2019
January 23, 2020 at 08:02 am
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First Mid Bancshares, Inc. announced earnings results for the fourth quarter ended December 31, 2019. For the fourth quarter, the company announced net interest income was USD 30.984 million compared to USD 31.002 million a year ago. Net income was USD 11.976 million compared to USD 9.939 million a year ago. Basic earnings per share from continuing operations was USD 0.72 compared to USD 0.62 a year ago. For the full year, net interest income was USD 125.674 million compared to USD 111.738 million a year ago. Net income was USD 47.943 million compared to USD 36.600 million a year ago. Basic earnings per share from continuing operations was USD 2.88 compared to USD 2.53 a year ago. Diluted earnings per share from continuing operations was USD 2.87 compared to USD 2.52 a year ago.
First Mid Bancshares, Inc. is a financial holding company. The Company is the parent company of First Mid Bank & Trust, N.A. (First Mid Bank)., Blackhawk Bank, First Mid Insurance Group, Inc. (First Mid Insurance) and First Mid Wealth Management Company. It is engaged in the business of banking through its wholly owned subsidiary, First Mid Bank. The Company offers insurance products and services to customers through its wholly owned subsidiary, First Mid Insurance. The Company offers trust, farm services, investment services, and retirement planning through its wholly owned subsidiary, First Mid Wealth Management Company. First Mid provides a range of financial services, including banking, wealth management, brokerage, Ag services, and insurance through a network of locations throughout Illinois, Missouri, Texas, and Wisconsin and in Indianapolis area. First Mid Wealth Management Company offers services, such as retirement planning, financial planning, and investment services.