Midland States Bancorp

Midland States Bancorp, Inc. is a bank holding company engaged in the provision of commercial and consumer banking products and services. It operates through the following segments: Banking, Wealth Management, and Other. The Banking segment offers financial products and services such as loans, mortgage loan sales and servicing, letters of credit, deposit products, merchant services, and corporate treasury management services. The Wealth Management segment consists of trust and fiduciary services, brokerage, and retirement planning services. The Other segment includes the operating results of the parent company, the captive insurance business unit, and the elimination of intercompany transactions. The company was founded in 1988 and is headquartered in Effingham, IL.

Earnings data Q4 2023

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Midland States Bancorp, Inc. is a bank holding company which engages in the provision of commercial and consumer banking products and services. It operates through the following segments: Banking, Wealth Management, and Other. The Banking segment offers financial products and services such as loans, mortgage loan sales and servicing, letters of credit, deposit products, merchant services, and corporate treasury management services. The Wealth Management segment consists of trust and fiduciary services, brokerage, and retirement planning services. The Other segment includes the operating results of the parent company, the captive insurance business unit, and the elimination of intercompany transactions. The company was founded in 1988 and is headquartered in Effingham, IL.

EFFINGHAM, Ill., Aug. 01, 2023 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ: MSBI) announced today that its Board of Directors declared a quarterly cash dividend of $0.30 per share of its common stock. The dividend is payable on August 18, 2023 to all shareholders of record as of the close of business on August 11, 2023.

Midland States Bancorp, Inc. Announces Common Stock and Preferred Stock Dividends

Although the revenue and EPS for Midland States Bancorp (MSBI) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Midland States Bancorp (MSBI) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates

Midland States Bancorp (MSBI) came out with quarterly earnings of $0.87 per share, beating the Zacks Consensus Estimate of $0.83 per share. This compares to earnings of $0.98 per share a year ago.

Midland States Bancorp (MSBI) Q2 Earnings and Revenues Beat Estimates

Second Quarter 2023 Highlights: Net income available to common shareholders of $19.3 million , or $0.86 per diluted share Efficiency ratio improved to 55.0% from prior quarter Total loan growth of $13.1 million , or 0.8% annualized Total deposit growth of $1.3 million or 0.1% annualized Common equity tier 1 capital ratio improved to 8.03% Tangible book value per share of $22.24 , an increase of 1.7% from prior quarter EFFINGHAM, Ill., July 27, 2023 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (Nasdaq: MSBI) (the “Company”) today reported net income available to common shareholders of $19.3 million, or $0.86 per diluted share, for the second quarter of 2023, compared to $19.5 million, or $0.86 per diluted share, for the first quarter of 2023.

Midland States Bancorp, Inc. Announces 2023 Second Quarter Results

Midland States Bancorp (MSBI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Midland States Bancorp (MSBI) Q2 Earnings Expected to Decline

EFFINGHAM, Ill., July 07, 2023 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ: MSBI) announced today that it will issue its second quarter 2023 financial results after market close on Thursday, July 27, 2023. Along with the press release announcing the financial results, the Company will publish an investor presentation that will be available on the Webcasts and Presentations page of its investor relations website.

Midland States Bancorp, Inc. to Announce Second Quarter 2023 Financial Results on Thursday, July 27

Amid the current turmoil in the banking sector, Investors may accumulate solid dividend-yielding stocks like Midland States (MSBI) in their portfolios.

Is Midland States (MSBI) Worth a Watch for Robust Dividends?

Midland States Bancorp's preferred shares are yielding 8.3% and are an attractive holding for income investors. The bank's net income covers the preferred share dividends by nearly 10 to 1. Preferred shareholders should feel comfortable with their income returns and ability for the bank to call this security in at or after 2027.

Midland States Bancorp Offers Attractive 8.3% Yielding Preferred Share

Midland States Bancorp (MSBI) came out with quarterly earnings of $0.88 per share, beating the Zacks Consensus Estimate of $0.84 per share. This compares to earnings of $0.92 per share a year ago.

Midland States Bancorp (MSBI) Q1 Earnings Top Estimates

First Quarter 2023 Highlights: Net income available to common shareholders of $19.5 million , or $0.86 per diluted share Total loan growth of $47.8 million , or 3.0% annualized from prior quarter Total deposits increased $60.5 million , or 3.8% annualized from prior quarter, with uninsured deposits of 21% Tangible book value per share of $21.87 , an increase of 4.4% from prior quarter EFFINGHAM, Ill., April 27, 2023 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (Nasdaq: MSBI) (the “Company”) today reported net income available to common shareholders of $19.5 million, or $0.86 per diluted share, for the first quarter of 2023 compared to $29.7 million, or $1.30 per diluted share, for the fourth quarter of 2022.

Midland States Bancorp, Inc. Announces 2023 First Quarter Results

Midland States Bancorp (MSBI) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Midland States Bancorp (MSBI) Expected to Beat Earnings Estimates: What to Know Ahead of Q1 Release

EFFINGHAM, Ill., April 05, 2023 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ: MSBI) announced today that it will issue its first quarter 2023 financial results after market close on Thursday, April 27, 2023. Along with the press release announcing the financial results, the Company will publish an investor presentation that will be available on the Webcasts and Presentations page of its investor relations website.

Midland States Bancorp, Inc. to Announce First Quarter 2023 Financial Results on Thursday, April 27

23rd  consecutive year that Midland States Bancorp has increased its quarterly cash dividend

Midland States Bancorp, Inc. Increases Quarterly Common Stock Cash Dividend to $0.30 Per Share and Announces Preferred Stock Dividend

Midland States Bancorp, Inc. (NASDAQ:MSBI ) Q4 2022 Earnings Conference Call January 27, 2022 8:30 AM ET Company Participants Tony Rossi - IR, Financial Profiles, Inc. Jeffrey Ludwig - President & CEO Eric Lemke - CFO Conference Call Participants Jeff Rulis - D.A. Davidson & Co. Damon DelMonte - Keefe, Bruyette & Woods North America Nathan Race - Piper Sandler Operator Good day, and thank you for standing by.

Midland States Bancorp, Inc. (MSBI) Q4 2022 Earnings Call Transcript

Midland States Bancorp (MSBI) delivered earnings and revenue surprises of -6.59% and 19.64%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Midland States Bancorp (MSBI) Q4 Earnings Lag Estimates

Net income available to common shareholders of $29.7 million, or $1.30 per diluted share. $17.5 million gain on the termination of forward starting interest rate swaps, $3.3 million loss on commercial mortgage servicing rights held for sale and $3.5 million impairment on other real estate owned.

Midland States Bancorp, Inc. Announces 2022 Fourth Quarter Results

Analysts Estimate Midland States Bancorp (MSBI) to Report a Decline in Earnings: What to Look Out for

EFFINGHAM, Ill., Dec. 06, 2022 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ: MSBI) announced today that its Board of Directors has approved a new stock repurchase program that authorizes the Company to repurchase up to $25 million of its common stock. The new stock repurchase program will become effective on January 1, 2023 and expires on December 31, 2023. The Company's current stock repurchase program expires on December 31, 2022 and has approximately $18.6 million remaining under the authorization.

Midland States Bancorp, Inc. Announces Authorization of New $25 Million Stock Repurchase Program

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Is Midland States Bancorp (MSBI) a Great Value Stock Right Now?

Midland States Bancorp, Inc. (NASDAQ:MSBI ) Q3 2022 Earnings Conference Call October 21, 2022 8:30 AM ET Company Participants Tony Rossi - Investor Relations, Financial Profiles, Inc. Jeffrey Ludwig - President and Chief Executive Officer Eric Lemke - Chief Financial Officer Conference Call Participants Terry McEvoy - Stephens Inc. Nathan Race - Piper Sandler Companies Damon DelMonte - Keefe, Bruyette & Woods, Inc. Manuel Navas - D.A. Davidson & Co. Operator Good day, and thank you for standing by.

Midland States Bancorp, Inc. (MSBI) Q3 2022 Earnings Call Transcript

Midland States Bancorp (MSBI) delivered earnings and revenue surprises of 2.97% and 1.27%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Midland States Bancorp (MSBI) Beats Q3 Earnings and Revenue Estimates

Net income of $23.5 million, or $1.04 diluted earnings per share

Midland States Bancorp, Inc. Announces 2022 Third Quarter Results

Midland States Bancorp (MSBI) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

Midland States Bancorp (MSBI) Moves 5.2% Higher: Will This Strength Last?

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Conference call and webcast to be held on Friday, October 21 Conference call and webcast to be held on Friday, October 21

News for Midland States Bancorp Stock (MSBI)