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First Mid-Illinois: 3Q Earnings Snapshot

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MATTOON, Ill. (AP) _ First Mid-Illinois Bancshares Inc. (FMBH) on Thursday reported third-quarter net income of $8.2 million.

The Mattoon, Illinois-based bank said it had earnings of 54 cents per share. Earnings, adjusted for costs related to mergers and acquisitions, were 75 cents per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 67 cents per share.

The bank holding company posted revenue of $41.4 million in the period. Its revenue net of interest expense was $38 million, also beating Street forecasts. Three analysts surveyed by Zacks expected $36.7 million.

First Mid-Illinois shares have dropped 13 percent since the beginning of the year. The stock has decreased 18 percent in the last 12 months.

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