First Mid-Illinois Bancshares, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2018
January 24, 2019 at 01:30 pm
Share
First Mid-Illinois Bancshares, Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2018. For the quarter, the company reported net interest income of $31,002,000 compared to $23,475,000 a year ago. Net interest income after provision for loan was $27,818,000 compared to $21,064,000 a year ago. Net income was $9,939,000 compared to $4,625,000 a year ago. Basic earnings per common share were $0.62 compared to $0.37 a year ago.
For the year, the company reported net interest income of $111,738,000 compared to $93,073,000 a year ago. Net interest income after provision for loan was $103,071,000 compared to $85,611,000 a year ago. Net income was $36,600,000 compared to $26,684,000 a year ago. Basic earnings per common share were $2.53 compared to $2.13 a year ago. Diluted earnings per common share were $2.52 compared to $2.13 a year ago.
First Mid Bancshares, Inc. is a financial holding company. The Company is the parent company of First Mid Bank & Trust, N.A. (First Mid Bank)., Blackhawk Bank, First Mid Insurance Group, Inc. (First Mid Insurance) and First Mid Wealth Management Company. It is engaged in the business of banking through its wholly owned subsidiary, First Mid Bank. The Company offers insurance products and services to customers through its wholly owned subsidiary, First Mid Insurance. The Company offers trust, farm services, investment services, and retirement planning through its wholly owned subsidiary, First Mid Wealth Management Company. First Mid provides a range of financial services, including banking, wealth management, brokerage, Ag services, and insurance through a network of locations throughout Illinois, Missouri, Texas, and Wisconsin and in Indianapolis area. First Mid Wealth Management Company offers services, such as retirement planning, financial planning, and investment services.
FIRST MID BANCSHARES, INC. 
