First Mid Bancshares Inc reports results for the quarter ended in December - Earnings Summary

First Mid Bancshares

25/01/2024 13:41

* First Mid Bancshares Inc  FMBH.OQ  reported quarterly
adjusted
earnings of 76 cents​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of $1.01.  The mean expectation of
six analysts for the quarter was for earnings of 84 cents per
share. Wall Street expected results to range from 81 cents to 88
cents per share.
    * Revenue rose 25.8% to $57.46 million from a year ago;
analysts
expected $56.27 million. 
    * First Mid Bancshares Inc's reported EPS for the quarter
was 76
cents​.
    * The company reported quarterly net income of $18.07
million.
    * First Mid Bancshares Inc shares had fallen by 4.1% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 3.7%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
also "buy"

Wall Street's median 12-month price target for First Mid
Bancshares Inc is $38.50 
This summary was machine generated from LSEG data January 25 at
01:40 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.84           0.76           Missed
 Sep. 30 2023      0.67           0.53           Missed
 Jun. 30 2023      0.73           0.80           Beat
 Mar. 31 2023      0.86           0.93           Beat