First Mid-Illinois Bancshares reports Q4 EPS $1.01, consensus 94c

Reports book value per common share $30.96. Reports Q4 CET1 ratio 12.03%. "Our fourth quarter results capped off a strong, but challenging year," said Joe Dively, Chairman and Chief Executive Officer. "For 2022, we delivered exceptional loan growth and excellent credit quality. Our noninterest income grew by over 7% for the year, driven by double digit growth in our wealth management and insurance businesses that more than offset lower mortgage banking revenues. We successfully integrated Jefferson Bank and Trust and met all of our acquisition related financial targets. While funding costs have increased at a faster pace than we anticipated placing pressure on margin, we have offset this challenge with stringent expense management and our relationship driven strategy to provide our expanded services to customers."