MATTOON

First Mid Bancshares, Inc. Announces First Quarter 2024 Results

Retrieved on: 
Wednesday, April 24, 2024
FHLB, Insurance, ACL, Environment, Culture, AG, Pressure, USA Today, EPS, Growth, C&I, Video game

MATTOON, Ill., April 24, 2024 (GLOBE NEWSWIRE) -- First Mid Bancshares, Inc. (NASDAQ: FMBH) (the “Company”) today announced its financial results for the quarter ended March 31, 2024.

Key Points: 
  • MATTOON, Ill., April 24, 2024 (GLOBE NEWSWIRE) -- First Mid Bancshares, Inc. (NASDAQ: FMBH) (the “Company”) today announced its financial results for the quarter ended March 31, 2024.
  • Total loans ended the quarter at $5.50 billion, representing a decrease of $81.3 million from the prior quarter.
  • Noninterest income for the first quarter of 2024 was a record high of $24.5 million compared to $21.8 million in the fourth quarter of 2023.
  • Noninterest expense for the first quarter of 2024 totaled $53.4 million compared to $57.0 million in the prior quarter.

Kingspan Insulated Panels North America Announces New Facility Coming to Mattoon, Illinois

Retrieved on: 
Wednesday, March 27, 2024
Climate change, Growth, IMP, HF, Optimism

DELAND, Fla., March 27, 2024 (GLOBE NEWSWIRE) -- Kingspan Insulated Panels North America today announces it will be opening a new facility in Mattoon, Illinois.

Key Points: 
  • DELAND, Fla., March 27, 2024 (GLOBE NEWSWIRE) -- Kingspan Insulated Panels North America today announces it will be opening a new facility in Mattoon, Illinois.
  • With the new Mattoon site, Kingspan will have two strategic locations to take advantage of business growth across North America.
  • “As a result of continued growth and optimism for the future, the addition of this new facility complements our existing footprint in North America, giving us better access to our customer base,” said Alswinn Kieboom, president of Kingspan Insulated Panels North America.
  • For more information on Kingspan Insulated Panels North America, visit www.kingspanpanels.us.

Champaign Native Named General Manager of New $80 Million Emerald Acres Sports Connection in Mattoon, IL

Retrieved on: 
Thursday, March 28, 2024
Emerald, Ball State University, Organization, Master, Partnership, Knowledge, Travel, Strategic planning, Rural King, Ball, University, Venus, Athlete, Bachelor, Facility, Tourism, Sports Administration

MATTOON, Ill., March 27, 2024 /PRNewswire/ -- Emerald Acres Sports Connection and the Sports Facilities Companies proudly announce the appointment of Tyler Yoder as its General Manager. His extensive experience in athletics and event management will play a pivotal role in positioning Mattoon, Illinois' up-and-coming multipurpose sports complex as the leading sports tourism and recreation destination in the region.

Key Points: 
  • MATTOON, Ill., March 27, 2024 /PRNewswire/ -- Emerald Acres Sports Connection and the Sports Facilities Companies proudly announce the appointment of Tyler Yoder as its General Manager.
  • He has spearheaded game and event logistics, managed facilities for multiple sports, and skillfully coordinated tournaments and renowned sporting events.
  • "I am very humbled and honored to be selected as the General Manager of Emerald Acres Sports Connection," said Yoder, who will relocate from New Orleans for the position.
  • Tyler Yoder will be available for media interviews to talk about being named the General Manager for Emerald Acres Sports Connection cultivated by Rural King.

First Mid Bancshares, Inc. Announces Fourth Quarter 2023 Results

Retrieved on: 
Thursday, January 25, 2024
ACL, Insurance, AG, Acquisition, EPS, Growth, Video game

Net interest income for the fourth quarter of 2023 increased by $7.0 million, or 13.9% compared to the third quarter of 2023.

Key Points: 
  • Net interest income for the fourth quarter of 2023 increased by $7.0 million, or 13.9% compared to the third quarter of 2023.
  • Net interest margin, on a tax equivalent basis (non-GAAP), was 3.33% for the fourth quarter of 2023, which was 27 basis points higher compared to the prior quarter.
  • Noninterest income for the fourth quarter of 2023 was $21.8 million compared to $23.1 million in the third quarter of 2023.
  • Noninterest expense for the fourth quarter of 2023 totaled $57.0 million compared to $47.1 million in the prior quarter.

First Mid Bancshares, Inc. Announces Third Quarter 2023 Results

Retrieved on: 
Thursday, October 26, 2023
ACL, CRE, Acquisition, AOCI, C&I, Growth, Ransom v. FIA Card Services, N.A., EPS, OCC, CECL, External commercial borrowing, Retail, Bank, Life insurance, Video game, Risk management

MATTOON, Ill., Oct. 26, 2023 (GLOBE NEWSWIRE) -- First Mid Bancshares, Inc. (NASDAQ: FMBH) (the “Company”) today announced its financial results for the quarter ended September 30, 2023.

Key Points: 
  • MATTOON, Ill., Oct. 26, 2023 (GLOBE NEWSWIRE) -- First Mid Bancshares, Inc. (NASDAQ: FMBH) (the “Company”) today announced its financial results for the quarter ended September 30, 2023.
  • Net interest income for the third quarter of 2023 increased by $8.1 million, or 19.1% compared to the second quarter of 2023.
  • Noninterest income for the third quarter of 2023 was $23.1 million compared to $19.5 million in the second quarter of 2023.
  • Noninterest expense for the third quarter of 2023 totaled $47.1 million compared to $40.0 million in the prior quarter.

First Mid Bancshares, Inc. Completes Acquisition of Blackhawk Bancorp, Inc.

Retrieved on: 
Tuesday, August 15, 2023
Black Hawk, Acquisition, Human, Management

MATTOON, Ill., Aug. 15, 2023 (GLOBE NEWSWIRE) -- First Mid Bancshares, Inc. (NASDAQ: FMBH) (“First Mid” or the “Company”) announced today that the acquisition of Blackhawk Bancorp, Inc. (“Blackhawk”) has been completed.

Key Points: 
  • MATTOON, Ill., Aug. 15, 2023 (GLOBE NEWSWIRE) -- First Mid Bancshares, Inc. (NASDAQ: FMBH) (“First Mid” or the “Company”) announced today that the acquisition of Blackhawk Bancorp, Inc. (“Blackhawk”) has been completed.
  • With the completion of this acquisition, First Mid has approximately $8.0 billion in total assets.
  • The conversion of accounts from Blackhawk is expected to happen in December of this year.
  • “We welcome Blackhawk’s customers and employees to First Mid and are excited to provide expanded services to the strong relationships Blackhawk has built,” said Joe Dively, First Mid Chairman and Chief Executive Officer.

First Mid Bancshares, Inc. Announces Second Quarter 2023 Results

Retrieved on: 
Thursday, July 27, 2023
Lender option borrower option, Insurance, Interest, Black Hawk, FDIC, Federal Home Loan Banks, Acquisition, Growth, PGIB, EPS, ACL, Retail, Real estate, Video game, Bank

Net interest income for the second quarter of 2023 decreased by $0.8 million, or 1.9% compared to the first quarter of 2023.

Key Points: 
  • Net interest income for the second quarter of 2023 decreased by $0.8 million, or 1.9% compared to the first quarter of 2023.
  • Net interest margin, on a tax equivalent basis, was 2.84% for the second quarter of 2023, which was 10 basis points lower compared to the prior quarter.
  • Noninterest income for the second quarter of 2023 was $19.5 million compared to $22.5 million in the first quarter of 2023.
  • Noninterest expense for the second quarter of 2023 totaled $40.0 million compared to $41.6 million in the prior quarter.

First Mid Bancshares, Inc. Announces First Quarter 2023 Results

Retrieved on: 
Wednesday, April 26, 2023
Insurance, IntraFi Network, Black Hawk, FDIC, Sale, Organization, Acquisition, Growth, EPS, Real estate, Bank, Retail, Pharmaceutical industry

MATTOON, Ill., April 26, 2023 (GLOBE NEWSWIRE) -- First Mid Bancshares, Inc. (NASDAQ: FMBH) (the “Company”) today announced its financial results for the quarter ended March 31, 2023.

Key Points: 
  • MATTOON, Ill., April 26, 2023 (GLOBE NEWSWIRE) -- First Mid Bancshares, Inc. (NASDAQ: FMBH) (the “Company”) today announced its financial results for the quarter ended March 31, 2023.
  • Net interest income for the first quarter of 2023 decreased by $2.5 million, or 5.4% compared to the fourth quarter of 2022.
  • Noninterest income for the first quarter of 2023 was $22.5 million compared to $18.2 million in the fourth quarter of 2022.
  • Noninterest expense for the first quarter of 2023 totaled $41.6 million compared to $39.4 million in the fourth quarter.

First Mid Bancshares, Inc. Announces Acquisition of Blackhawk Bancorp, Inc.

Retrieved on: 
Tuesday, March 21, 2023
Insurance, LLP, Reinhart Boerner Van Deuren s.c., Exchange, Sale, First, Organization, Trust, Cyprus Securities and Exchange Commission, OTCQX, Form, Security (finance), Cryptocurrency, Management

Blackhawk is the parent company of Blackhawk Bank and is headquartered in Beloit, Wisconsin, operating 10 branches in Wisconsin and Illinois.

Key Points: 
  • Blackhawk is the parent company of Blackhawk Bank and is headquartered in Beloit, Wisconsin, operating 10 branches in Wisconsin and Illinois.
  • As of December 31, 2022, Blackhawk had approximately $1.32 billion in total assets, $782 million in loans and $1.19 billion in deposits.
  • Blackhawk has been a pillar of the Beloit community since 1881 and expanded into northern Illinois in 1996.
  • Under the terms of the agreement, First Mid will acquire 100% of the outstanding shares of Blackhawk and Blackhawk shareholders will receive 1.15 shares of FMBH common stock for each share of BHWB common stock.

First Mid Bancshares, Inc. Announces Fourth Quarter 2022 Results

Retrieved on: 
Thursday, January 26, 2023
ACL, Insurance, CRE, EPS, Acquisition, PPP, Growth, Pressure, Real estate, Bank, Video game, Ridesharing company

Net interest margin, on a tax equivalent basis, was 3.07% for the fourth quarter of 2022, which was a decrease of 14 basis points compared to the prior quarter.

Key Points: 
  • Net interest margin, on a tax equivalent basis, was 3.07% for the fourth quarter of 2022, which was a decrease of 14 basis points compared to the prior quarter.
  • Noninterest income for the fourth quarter of 2022 was $18.2 million compared to $16.8 million in the third quarter of 2022.
  • Noninterest expense for the fourth quarter of 2022 totaled $39.4 million, which was a decrease of $2.2 million compared to the prior quarter.
  • The Company’s effective tax rate for the fourth quarter was 12.9% compared to 23.2% in the prior quarter.