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Dec 31, 2019
First Mid Q4 2019 Earnings Report
Announced fourth quarter and full year 2019 results.
Key Takeaways
First Mid Bancshares reported a strong fourth quarter with record noninterest income driven by wealth management and insurance divisions. Loan growth was solid, and the company made significant investments in technology. The company increased its dividend, repurchased shares, and delivered strong financial results.
Wealth management division had a great quarter.
Delivered record noninterest income for both the fourth quarter and the full year.
Increased tangible book value by nearly 17%.
Capital position is strong and well positioned for 2020 and beyond.