Brief: First Mid Bancshares Announces Acquisition Of Delta Bancshares

First Mid Bancshares

29/07/2021 17:43

July 29 (Reuters) - First Mid Bancshares Inc  FMBH.O :
    * FIRST MID BANCSHARES INC - DELTA SHAREHOLDERS AND OPTION
HOLDERS
WILL RECEIVE ABOUT $15.2 MILLION IN CASH, 2.3 MILLION SHARES OF
FMBH STOCK
    * FIRST MID BANCSHARES INC - AGGREGATE CONSIDERATION TO BE
PAID BY
FIRST MID IS APPROXIMATELY $106.3 MILLION
    * FIRST MID BANCSHARES - TO ACQUIRE ABOUT $225 MILLION IN
LOANS,
$280 MILLION IN DEPOSITS FROM SEPARATE FINANCIAL INSTITUTION IN
ST. LOUIS MARKET
    * FIRST MID BANCSHARES INC - TWO TRANSACTIONS ARE ESTIMATED
TO BE
APPROXIMATELY 14% ACCRETIVE TO EARNINGS PER SHARE IN 2022
    * FIRST MID BANCSHARES INC - EXPECTS TO ACHIEVE COST SAVINGS
OF
30% OF COMBINED NONINTEREST EXPENSE

Source text for Eikon:  ID:nGNX37nK5x 
Further company coverage:  FMBH.O 

 ((Reuters.Briefs@thomsonreuters.com;))