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Sep 30, 2024
First Mid Q3 2024 Earnings Report
Announced solid Q3 2024 results driven by loan growth, core deposits, and noninterest income.
Key Takeaways
First Mid Bancshares reported a solid third quarter with growth in loans, core deposits, and noninterest income. The company strengthened its balance sheet by reducing borrowings and subordinated debt, while increasing tangible book value per share.
Net interest income increased by $0.8 million compared to the second quarter of 2024.
Total loans ended the quarter at $5.62 billion, representing an increase of $54.0 million compared to the prior quarter.
Total deposits ended the quarter at $6.09 billion, a decrease of $26.9 million from the prior quarter.
Noninterest income for the third quarter of 2024 was $23.0 million compared to $22.4 million in the prior quarter.
Revenue by Segment
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