earnings
confidence high
sentiment positive
materiality 0.75
First Mid Q2 net income $27.8M ($1.04 EPS); adjusted EPS $1.26; dividend raised to $0.26
FIRST MID BANCSHARES, INC.
- Net income $27.8M ($1.04 diluted EPS); adjusted net income $33.4M ($1.26 diluted EPS).
- Net interest margin (tax-equivalent) expanded to 3.79%; net interest income up $15.8M YoY.
- Total loans $6.93B (down $9.9M QoQ); deposits $7.57B (up $23.9M QoQ).
- Completed Two Rivers bank merger; tangible book value per share rose 3.7% to $31.15.
- Board declared $0.26 quarterly dividend (up $0.01); repurchased 21,872 shares in Q2.