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Sep 30, 2020
First Mid Q3 2020 Earnings Report
Reported strong financial results and announced the pending acquisition of LINCO Bancshares, Inc.
Key Takeaways
First Mid Bancshares, Inc. reported a strong third quarter with increased net interest income and noninterest income compared to the same quarter last year. Asset quality metrics improved, and capital levels increased. The company also announced the acquisition of LINCO Bancshares, Inc.
Net interest income increased by 4.5% compared to the same quarter last year.
Noninterest income increased by 5.1% compared to the same quarter last year.
Asset quality metrics continued to improve with a decline in non-performing loans.
The company announced the pending acquisition of LINCO Bancshares, Inc.