First Mid Bancshares, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
January 25, 2024 at 07:00 am EST
Share
First Mid Bancshares, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported net interest income was USD 57.46 million compared to USD 45.67 million a year ago. Net income was USD 18.07 million compared to USD 20.64 million a year ago. Basic earnings per share from continuing operations was USD 0.76 compared to USD 1.01 a year ago. Diluted earnings per share from continuing operations was USD 0.76 compared to USD 1.01 a year ago.
For the full year, net interest income was USD 193.46 million compared to USD 184.28 million a year ago. Net income was USD 68.94 million compared to USD 72.95 million a year ago. Basic earnings per share from continuing operations was USD 3.17 compared to USD 3.62 a year ago. Diluted earnings per share from continuing operations was USD 3.15 compared to USD 3.6 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.