secwatch.observer — SEC 8-K summary
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Issuer:     FIRST MID BANCSHARES, INC. (FMBH)
CIK:        0000700565
Form:       8-K
Filed at:   2024-08-01T23:59:59+00:00
Accession:  0001171843-24-004325
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Mid Q2 net income $19.7M, EPS $0.82; dividend raised to $0.24; MRIG acquisition closed
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- Net income $19.7M, diluted EPS $0.82; adjusted net income $20.1M, adjusted EPS $0.84.
- Net interest margin expanded 11 bps to 3.36%; loans grew $61.3M to $5.56B (1.1% QoQ).
- Quarterly dividend increased $0.01 to $0.24/share; payable Aug 30, record Aug 16.
- Closed acquisition of Mid Rivers Insurance Group on July 9; annual revenue ~$2.7M from 10 producers.
- Illinois tax law change caused $1.0M nonrecurring tax expense ($0.04 EPS drag) in Q2.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/700565/000117184324004325/0001171843-24-004325-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/700565/000117184324004325/f8k_073124.htm
  HTML page:      https://secwatch.observer/filing/0001171843-24-004325

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer