First Mid Bancshares' Q2 adjusted EPS beats estimates

First Mid Bancshares

24/07/2025 13:11

Overview

First Mid Bancshares Q2 adjusted EPS beats analyst expectations, per LSEG data

Company reports record high net income for Q2 2025

Board increases quarterly dividend to $0.25 per share

Outlook

Company focuses on disciplined credit culture amid fluctuating macroeconomic environment

First Mid invests in technology platforms for future growth

Company does not provide specific financial guidance for upcoming periods

Result Drivers

NET INTEREST INCOME - Driven by higher yields on earning assets while maintaining funding costs, resulting in a 7.5% increase from Q1 2025

LOAN GROWTH - Total loans increased by $68.1 mln, with significant contributions from construction, land development, and agriculture operating lines

DEPOSIT GROWTH - Deposits rose by $59.8 mln, primarily from interest-bearing demand deposits, money market accounts, and time deposits

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
$5.39 mln
$61.50 mln (7 Analysts)
Q2 Adjusted EPS
Beat
$0.99
$0.92 (7 Analysts)
Q2 EPS
$0.98
Q2 Adjusted Net Income
Beat
$23.70 mln
$22.10 mln (7 Analysts)
Q2 Net Income
$23.44 mln
Q2 Net Interest Income
$63.86 mln
Q2 Dividend
$0.25
Q2 Pretax Profit
$30.13 mln


Press Release: ID:nGNXbyh3MQ

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)