earnings
confidence high
sentiment neutral
materiality 0.65
First Mid Q2 net income $16.6M ($0.80 EPS); Blackhawk acquisition closing mid-August
FIRST MID BANCSHARES, INC.
2023-Q2 EPS reported
$1.74
- Net income $16.6M ($0.80 diluted EPS); adjusted net income $17.2M ($0.83 diluted EPS).
- Loans grew 1.1% QoQ to $4.81B; deposits grew 3.8% to $5.22B.
- Net interest margin (tax-equivalent) 2.84%, down 10 bps QoQ from higher funding costs.
- Completed PGIB Insurance acquisition on June 16 ($2.5M annual revenue); Blackhawk reg approvals received, closing targeted mid-August.
- Quarterly dividend maintained at $0.23/share, payable Sept 1 to holders of record Aug 14.