First Mid-Illinois: Q4 Earnings Snapshot
First Mid-Illinois: Q4 Earnings Snapshot
MATTOON, Ill. (AP) _ First Mid-Illinois Bancshares Inc. (FMBH) on Thursday reported fourth-quarter earnings of $20.6 million.
The Mattoon, Illinois-based bank said it had earnings of $1.01 per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 95 cents per share.
The bank holding company posted revenue of $78.9 million in the period. Its revenue net of interest expense was $63.9 million, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $68 million.
For the year, the company reported profit of $73 million, or $3.60 per share. Revenue was reported as $259 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a FMBH">Zacks stock report on FMBH at https://www.zacks.com/ap/FMBH
