Financial Performance - Net income for Q3 2024 was $19.5 million, or $0.81 diluted EPS, with adjusted net income at $19.8 million, or $0.83 diluted EPS[2] - Net income for the three months ended September 30, 2024, was $19,482 thousand, representing a 28.5% increase from $15,117 thousand in the same period of 2023[23] - Basic earnings per common share for the three months ended September 30, 2024, remained stable at $0.81 compared to $0.81 in the same period of 2023[23] - Diluted earnings per common share for Q3 2024 was $0.81, a decrease of 1.22% from $0.82 in Q2 2024[26] - Adjusted earnings (non-GAAP) for September 30, 2024, were $19,838 million, up from $17,079 million for the same period last year, reflecting a growth of 16.3%[35] - Adjusted diluted earnings per share (non-GAAP) for September 30, 2024, were $0.83, compared to $0.77 for September 30, 2023, marking a 7.8% increase[35] Revenue and Income Sources - Total interest income for the three months ended September 30, 2024, was $91,182 thousand, an increase of 13.7% from $80,438 thousand in the same period of 2023[22] - Net interest income after provision for loan losses for the three months ended September 30, 2024, was $56,277 thousand, up 26.4% from $44,532 thousand in the same period of 2023[23] - Noninterest income increased to $23.0 million, up from $22.4 million in the prior quarter, driven by higher brokerage and trust fees[12] - Non-interest income totaled $23,023 thousand for the three months ended September 30, 2024, slightly down from $23,053 thousand in the same period of 2023[23] Expenses and Efficiency - Noninterest expenses rose to $53.9 million, up from $51.4 million in the prior quarter, partly due to the acquisition of Mid Rivers Insurance Group[14] - Total non-interest expense for the three months ended September 30, 2024, was $53,933 thousand, up from $47,096 thousand in the same period of 2023[23] - The efficiency ratio for Q3 2024 was 61.3%, compared to 59.6% in the prior quarter and 58.6% for the same period last year[15] - The efficiency ratio (non-GAAP) for September 30, 2024, was reported at 61.33%, compared to 58.60% for the same period last year, indicating a decline in efficiency[35] Asset and Loan Management - Loan growth was 1% quarter-over-quarter, totaling $5.62 billion, with a diversified portfolio primarily in commercial real estate and agricultural operating loans[7] - The allowance for credit losses increased to $68.8 million, with a ratio of non-performing loans to total loans at 0.32%[8] - Non-performing loans amounted to $18,242 thousand, down from $19,079 thousand in the previous quarter, representing a decrease of 4.39%[28] - The allowance for credit losses to non-performing loans increased to 377.01% in Q3 2024 from 358.05% in Q2 2024, indicating a stronger coverage[30] - Provision for credit losses for the three months ended September 30, 2024, was $1,266 thousand, a significant decrease from $5,911 thousand in the same period of 2023[23] Capital and Shareholder Information - Tangible book value per share increased by 6.6% in the quarter and 26% year-over-year[2] - Book value per common share rose to $35.91 in Q3 2024, up from $34.05 in Q2 2024, reflecting an increase of 5.46%[30] - Common stockholder's equity increased to $858,497 million as of September 30, 2024, from $737,948 million a year earlier, representing a growth of 16.3%[33] - The Board of Directors declared a regular quarterly dividend of $0.24 per share, payable on November 29, 2024[16] Market and Stock Performance - The market price of stock increased to $38.91 in Q3 2024 from $32.88 in Q2 2024, a rise of 18.56%[30] - The weighted average shares outstanding increased to 23,905,099 for the three months ended September 30, 2024, from 20,528,717 in the same period of 2023[23] Workforce and Operational Metrics - Full-time equivalent employees increased to 1,207 in Q3 2024 from 1,185 in Q2 2024, indicating growth in workforce[30] - Average earning assets for Q3 2024 were $6,857,070 thousand, with an average rate of 5.35%[32] - Total interest-bearing liabilities increased to $5,291,112 thousand, with an average cost of funds at 2.53%[31]

Have you been paying attention to shares of First Mid Bancshares (FMBH) ? Shares have been on the move with the stock up 5% over the past month. The stock hit a new 52-week high of $40.63 in the previous session. First Mid Bancshares has gained 14.4% since the start of the year compared to the 16.6% move for the Zacks Finance sector and the 2.4% return for the Zacks Banks - Northeast industry. What's Driving the Outperformance? The stock has a great record of positive earnings surprises, as it hasn't missed ...

Investors might want to bet on First Mid Bancshares (FMBH) , as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change. A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years. In ...

Investors might want to bet on First Mid Bancshares (FMBH) , as earnings estimates for this company have been showing solid improvement lately. The stock has already gained solid short-term price momentum, and this trend might continue with its still improving earnings outlook. The upward trend in estimate revisions for this bank holding company reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a strong correla ...

For the quarter ended June 2024, First Mid Bancshares (FMBH) reported revenue of $79.19 million, up 28% over the same period last year. EPS came in at $0.84, compared to $0.83 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $78.25 million, representing a surprise of +1.20%. The company delivered an EPS surprise of +6.33%, with the consensus EPS estimate being $0.79. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall ...

Financial Performance - Net income for Q2 2024 was $19.7 million, or $0.82 diluted EPS, with adjusted net income of $20.1 million, or $0.84 diluted EPS [2]. - Net income for Q2 2024 was $19,745,000, a 19.4% increase from $16,567,000 in Q2 2023 [22]. - Basic earnings per common share increased to $0.83 in Q2 2024 from $0.81 in Q2 2023, reflecting a 2.5% growth [20]. - Adjusted earnings for the quarter ended June 30, 2024, were $20,118,000, down from $22,307,000 in the previous quarter [28]. - Adjusted diluted earnings per share (non-GAAP) decreased to $0.84 from $0.93 in the prior quarter [28]. - Adjusted return on average assets (non-GAAP) was 1.07%, compared to 1.17% in the previous quarter [28]. - Adjusted return on average common equity (non-GAAP) was 10.11%, down from 11.28% in the prior quarter [28]. Revenue and Income Sources - Total interest income for Q2 2024 reached $88,683,000, a 34.1% increase from $66,130,000 in Q2 2023 [19]. - Net interest income increased by $1.3 million, or 2.3% from Q1 2024, and rose by $14.4 million, or 34.0% compared to Q2 2023 [4]. - Noninterest income for Q2 2024 was $22.4 million, down from $24.5 million in the prior quarter, but up $2.9 million, or 15.1% compared to Q2 2023 [8]. - Non-interest income totaled $22,422,000, representing a 15.4% increase compared to $19,486,000 in Q2 2023 [19]. - Wealth management revenues were $5,405,000, slightly up from $5,341,000 in Q2 2023 [19]. Expenses and Loss Provisions - Noninterest expenses totaled $51.4 million, a decrease from $53.4 million in the prior quarter, but an increase of $11.3 million compared to Q2 2023 [10]. - Total non-interest expense rose to $51,391,000, a 28.3% increase from $40,042,000 in Q2 2023 [19]. - Provision for credit losses was $1,083,000, compared to $458,000 in Q2 2023, indicating a significant increase in credit loss provisions [19]. - Integration and acquisition expenses for the quarter were $250,000, down from $1,804,000 in the previous quarter [28]. Loans and Deposits - Total loans reached $5.56 billion, reflecting an increase of $61.3 million, or 1.1% from the prior quarter [5]. - Total loans increased to $5,560,617 thousand as of June 30, 2024, up from $5,499,295 thousand in the previous quarter, representing a growth of 1.1% [23]. - Total deposits decreased by $127.2 million, or 2.0% from the prior quarter, ending at $6.12 billion [7]. - Total deposits decreased to $6,115,779 thousand as of June 30, 2024, from $6,242,936 thousand in the previous quarter, a decline of 2.0% [23]. Asset Quality and Ratios - The allowance for credit losses increased to $68.3 million, with a ratio of 1.23% to total loans [6]. - Non-performing loans decreased to $19,079 thousand as of June 30, 2024, down from $20,064 thousand in the previous quarter, indicating improved asset quality [24]. - The allowance for credit losses to non-performing loans ratio was 358.05% as of June 30, 2024, compared to 338.60% in the previous quarter, showing a stronger coverage [24]. Shareholder Returns and Dividends - The Board of Directors approved a quarterly dividend increase to $0.24 per share, payable on August 30, 2024 [13]. - The weighted average shares outstanding increased to 23,896,210 from 20,528,717 in the previous year, indicating a growth in share count [20]. Efficiency and Margins - The net interest margin was 3.36%, an increase of 11 basis points from the previous quarter and 52 basis points from the same period last year [5]. - The net interest margin (tax equivalent) improved to 3.36% for the quarter ended June 30, 2024, up from 3.25% in the previous quarter [26]. - The efficiency ratio (tax equivalent) was 59.61% for the quarter ended June 30, 2024, compared to 59.09% in the previous quarter, indicating a slight increase in operational efficiency [24]. - The efficiency ratio (non-GAAP) improved to 59.61% from 59.09% in the previous quarter [28].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission file number 001-36434 FIRST MID BANCSHARES, INC. (Exact name of Registrant as specified in its charter) (State or other jurisdiction of incorporation or org ...

First Mid Bancshares (FMBH) came out with quarterly earnings of $0.93 per share, beating the Zacks Consensus Estimate of $0.86 per share. This compares to earnings of $0.96 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 8.14%. A quarter ago, it was expected that this bank holding company would post earnings of $0.83 per share when it actually produced earnings of $0.94, delivering a surprise of 13.25%.Over the last four quart ...

EXHIBIT 99.1 First Mid Bancshares, Inc. Announces First Quarter 2024 Results MATTOON, Ill., April 24, 2024 (GLOBE NEWSWIRE) -- First Mid Bancshares, Inc. (NASDAQ: FMBH) (the "Company") today announced its financial results for the quarter ended March 31, 2024. Highlights "Coming off an eventful year for our industry, I am pleased with the way we started 2024," said Joe Dively, Chairman and Chief Executive Officer. "The benefits of adding Blackhawk are shining through with a stable core margin, significant l ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission file number 001-36434 FIRST MID BANCSHARES, INC. (Exact name of Registrant as specified in its charter) Delaware 37-1103704 (State or other jurisdiction of ...