MATTOON, Ill. (AP) — MATTOON, Ill. (AP) — First Mid Bancshares, Inc. (FMBH) on Thursday reported second-quarter profit of $23.4 million.
The Mattoon, Illinois-based bank said it had earnings of 98 cents per share. Earnings, adjusted for non-recurring costs, were 99 cents per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 91 cents per share.
The bank holding company posted revenue of $117 million in the period. Its revenue net of interest expense was $87.5 million, which also beat Street forecasts.
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