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Dec 31, 2021
First Mid Q4 2021 Earnings Report
Announced strong fourth quarter and full year results driven by loan growth and record wealth management revenues.
Key Takeaways
First Mid Bancshares, Inc. reported strong loan growth, record wealth management revenues, and solid earnings for Q4 2021. Net interest income decreased slightly compared to the previous quarter but increased significantly year-over-year. The company also announced Federal Reserve approval for the acquisition of Delta Bancshares Company.
Ended 2021 with strong loan growth.
Achieved record wealth management revenues.
Experienced solid earnings.
Received Federal Reserve approval for the acquisition of Delta Bancshares Company.
First Mid
First Mid
Forward Guidance
First Mid anticipates closing the acquisition of Delta Bancshares Company in mid-February and plans for a June bank merger and conversion.