MATTOON, Ill. (AP) — First Mid-Illinois Bancshares Inc. (FMBH) on Thursday reported second-quarter earnings of $10.1 million.
The bank, based in Mattoon, Illinois, said it had earnings of 60 cents per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 46 cents per share.
The bank holding company posted revenue of $49.4 million in the period. Its revenue net of interest expense was $45.5 million, also beating Street forecasts. Three analysts surveyed by Zacks expected $44 million.
First Mid-Illinois shares have dropped 28% since the beginning of the year. The stock has dropped 24% in the last 12 months.