First Mid Q3 EPS $0.68 ($0.77 adjusted); Blackhawk acquisition adds $1.2B deposits

FIRST MID BANCSHARES, INC.

2023-Q3 EPS reported $2.40

Net income $15.1M, diluted EPS $0.68; adjusted net income $17.1M, adjusted EPS $0.77.
Closed Blackhawk acquisition Aug 15; added $1.2B deposits and $730.2M loans. Sold $251.9M in bonds for $3.4M gain.
Net interest margin (tax equivalent) 3.06%, up 22 bps QoQ; total loans $5.54B, deposits $6.35B.
Provision expense $5.9M (incl. CECL Day Two); ACL ratio 1.23%; net charge-offs $0.2M; NPLs 0.38%.
Efficiency ratio adjusted 58.6%; tangible book value per share $19.73 (down, AOCI impact $1.15).

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FIRST MID BANCSHARES, INC. reported financial results for the quarter ended September 30, 2023.

Period: the quarter ended September 30, 2023
Result: reported results

Exact text from the filing

On October 26, 2023, the Company issued a press release to report its results of operations and financial condition as of and for the quarter ended September 30, 2023.

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FIRST MID BANCSHARES, INC. filing history →

Source: SEC EDGAR

accession 0001171843-23-006433

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