MATTOON, Ill. (AP) — MATTOON, Ill. (AP) — First Mid Bancshares, Inc. (FMBH) on Wednesday reported first-quarter earnings of $22.2 million.
The Mattoon, Illinois-based bank said it had earnings of 93 cents per share. Earnings, adjusted for non-recurring costs, were 96 cents per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 94 cents per share.
The bank holding company posted revenue of $112.4 million in the period. Its revenue net of interest expense was $84.3 million, which did not meet Street forecasts.
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