1st Guaranty and First Mid Bancshares reported increased Q3 net income, total assets, and loans, despite First Mid's EPS missing expectations.
First Guaranty Bancshares, Inc. reported a net income of $1.9 million for Q3 2024, reflecting an 8.7% increase year-over-year, with total assets rising to $3.9 billion. Total loans increased by 0.8% and deposits grew by 14%. First Mid Bancshares, Inc. reported a net income of $19.5 million, with earnings per share of $0.81, below expectations. Both companies experienced growth in loans and net interest income amid rising market interest rates.
October 31, 2024
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