First Mid-Illinois: Q3 Earnings Snapshot

MATTOON, Ill. (AP) _ First Mid-Illinois Bancshares Inc. (FMBH) on Thursday reported third-quarter profit of $17.9 million.

The bank, based in Mattoon, Illinois, said it had earnings of 88 cents per share. Earnings, adjusted for costs related to mergers and acquisitions, were 90 cents per share.

The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 94 cents per share.

The bank holding company posted revenue of $73.5 million in the period. Its revenue net of interest expense was $65 million, also falling short of Street forecasts. Three analysts surveyed by Zacks expected $67.8 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a FMBH">Zacks stock report on FMBH at https://www.zacks.com/ap/FMBH