First Mid-Illinois Bancshares Inc. Reports Unaudited Consolidate Earnings Results for the Year Ended December 31, 2011
January 27, 2012 at 11:05 am
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First Mid-Illinois Bancshares Inc. reported unaudited consolidate earnings results for the year ended December 31, 2011. For the year, the company's net income amounted to $11,372,000 compared to $8,761,000 for 2010 and diluted earnings per share increased to $1.29 per share in 2011 from $1.07 per share for 2010. Book value per share increased to $16.18 on December 31, 2011 compared to $14.46 on December 31, 2010. Growth in earnings was primarily due to the increase in net interest income. Net interest income was $48.3 million compared to $40.1 million in 2010. Income before income taxes was $18 million compared to $13.3 million 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.
FIRST MID BANCSHARES, INC. 
