First Mid Q4 net income $18.1M ($0.76 EPS); adjusted EPS $0.94; completes Blackhawk merger

FIRST MID BANCSHARES, INC.

2023-FY EPS reported $3.15

Net income $18.1M ($0.76 diluted EPS); adjusted net income $22.4M ($0.94 diluted EPS) per non-GAAP.
Completed Blackhawk Bank merger and core system conversion in Q4; first full quarter includes acquisition.
Net interest margin (tax-equivalent) improved to 3.33%, up 27 bps QoQ; sold $79.7M bonds to reduce brokered CDs.
Total loans $5.58B (+$40.5M QoQ); strong asset quality with NPAs/assets at 0.28% and ACL/loans 1.23%.
Board declared $0.23 quarterly dividend payable Mar 1, 2024 to holders of record Feb 16, 2024.

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 the quarter ended December 31, 2023 results: net income $18.1 million, EPS $0.76 diluted EPS.

Period: the quarter ended December 31, 2023
Net income: $18.1 million
EPS: $0.76 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 and year ended December 31, 2023. Highlights Net income of $18.1 million, or $0.76 diluted EPS

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Source: SEC EDGAR

accession 0001171843-24-000398

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