Investing.com - First Mid Illinois Bancshares reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
First Mid Illinois Bancshares announced earnings per share of $0.90 on revenue of $65.05. Analysts polled by Investing.com anticipated EPS of $0.94 on revenue of $68.26M.
First Mid Illinois Bancshares shares are down 11% from the beginning of the year, still down 21.01% from its 52 week high of $45.84 set on November 5, 2021.
First Mid Illinois Bancshares shares gained 0.89% in intra-day trade following the report.
First Mid Illinois Bancshares follows other major Financial sector earnings this month
First Mid Illinois Bancshares's report follows an earnings beat by JPMorgan on October 14, who reported EPS of $3.12 on revenue of $32.7B, compared to forecasts EPS of $2.92 on revenue of $32.13B.
Bank of America had beat expectations on October 17 with third quarter EPS of $0.81 on revenue of $24.5B, compared to forecast for EPS of $0.7816 on revenue of $23.56B.
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