MATTOON, Ill. (AP) — MATTOON, Ill. (AP) — First Mid Bancshares, Inc. (FMBH) on Wednesday reported first-quarter net income of $20.5 million.
The Mattoon, Illinois-based bank said it had earnings of 86 cents per share. Earnings, adjusted for non-recurring costs, came to 93 cents per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 86 cents per share.
The bank holding company posted revenue of $112.2 million in the period. Its revenue net of interest expense was $79.9 million, missing Street forecasts.
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