First Mid Q1 net income $19.2M ($0.93 EPS); record insurance revenue; announces Blackhawk merger

FIRST MID BANCSHARES, INC.

2023-Q1 EPS reported $0.93

Net income $19.2M, diluted EPS $0.93; adjusted net income $19.7M, $0.96 EPS.
Record insurance revenue drove noninterest income to $22.5M, up 6.6% YoY.
Announced acquisition of Blackhawk Bancorp; expected to close in 2023.
Efficiency initiative to deliver $2.2M annual cost savings; $0.5M severance in Q1.
Board declared $0.23 quarterly dividend, payable June 1, 2023 to holders of record May 17.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FIRST MID BANCSHARES, INC. reported the quarter ended March 31, 2023 results: net income $19.2 million, EPS $0.93 diluted EPS.

Period: the quarter ended March 31, 2023
Net income: $19.2 million
EPS: $0.93 diluted EPS
Result: reported results

Exact text from the filing

First Mid Bancshares, Inc. (NASDAQ: FMBH) (the “Company”) today announced its financial results for the quarter ended March 31, 2023. Highlights Net income of $19.2 million, or $0.93 diluted EPS

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Source: SEC EDGAR

accession 0001171843-23-002584

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