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 Q1 2021

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Earnings data Q2 2023

Earnings data Q3 2023

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Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Midland States Bancorp achieves record earnings and strategic growth plans

Midland States Bancorp delivered a strong performance in Q4 2022, marked by record earnings, improved asset quality, and strategic initiatives for sustainable growth.
The company's strengths lie in robust loan growth, enhanced shareholder value, and a focused approach to portfolio diversification and risk management.
Challenges include selective commercial real estate investments, communication strategy adjustments, and proactive management of interest income and portfolio composition.
Opportunities for Midland States Bancorp include leveraging technology, strategic investments, stakeholder engagement, and equipment finance portfolio expansion for future growth.

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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.

Midland States Bancorp, Inc. (MSBI) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, MSBI's 50-day simple moving average broke out above its 200-day moving average; this is known as a "golden cross.

Midland States Bancorp (MSBI)'s Technical Outlook is Bright After Key Golden Cross

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) Stock Undervalued Right Now?

EFFINGHAM, Ill., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ: MSBI) announced today that its Board of Directors declared a quarterly cash dividend of $0.31 per share of its common stock. The dividend is payable on November 25, 2024 to all shareholders of record as of the close of business on November 18, 2024.

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

While the top- and bottom-line numbers for Midland States Bancorp (MSBI) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Midland States Bancorp (MSBI) Reports Q3 Earnings: What Key Metrics Have to Say

Midland States Bancorp (MSBI) came out with quarterly earnings of $0.74 per share, beating the Zacks Consensus Estimate of $0.63 per share. This compares to earnings of $0.78 per share a year ago.

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

Third Quarter 2024 Highlights: Net income available to common shareholders of $16.2 million , or $0.74 per diluted share Adjusted pre-tax, pre-provision earnings of $27.5 million Tangible book value per share increased to $24.90 , compared to $23.36 at June 30, 2024 Common equity tier 1 capital ratio improved to 9.00% , compared to 8.64% at June 30, 2024 Net interest margin of 3.10% , compared to 3.12% in prior quarter Efficiency ratio of 62.8% , compared to 65.2% in prior quarter EFFINGHAM, Ill., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (Nasdaq: MSBI) (the “Company”) today reported net income available to common shareholders of $16.2 million, or $0.74 per diluted share, for the third quarter of 2024, compared to $4.5 million, or $0.20 per diluted share, for the second quarter of 2024.

Midland States Bancorp, Inc. Announces 2024 Third Quarter Results

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

Should Value Investors Buy Midland States Bancorp (MSBI) Stock?

EFFINGHAM, Ill., Oct. 04, 2024 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ: MSBI) announced today that it will issue its third quarter 2024 financial results after market close on Thursday, October 24, 2024. 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 Third Quarter 2024 Financial Results on Thursday, October 24

Midland States Bancorp faces challenges with declining net interest income, deposit loss, and increased reliance on external financing. The bank has improved its allowance for credit losses, but still faces risks with non-accrual loans and potential loan losses. Common shares are avoided due to uncertainty, while preferred shares are upgraded to a hold pending further developments.

Midland States Bancorp: Some Improvement, But Still Avoiding Preferred Shares

The headline numbers for Midland States Bancorp (MSBI) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Compared to Estimates, Midland States Bancorp (MSBI) Q2 Earnings: A Look at Key Metrics

Midland States Bancorp (MSBI) came out with quarterly earnings of $0.20 per share, missing the Zacks Consensus Estimate of $0.72 per share. This compares to earnings of $0.87 per share a year ago.

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

Second Quarter 2024 Highlights: Net income available to common shareholders of $4.5 million , or $0.20 per diluted share Adjusted pre-tax, pre-provision earnings of $25.2 million Tangible book value per share decreased to $23.36 , compared to $23.44 at March 31, 2024 Common equity tier 1 capital ratio improved to 8.63% from 8.60% Net interest margin of 3.12% , compared to 3.18% in prior quarter Efficiency ratio of 65.2% , compared to 58.0% in prior quarter EFFINGHAM, Ill., July 25, 2024 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (Nasdaq: MSBI) (the “Company”) today reported net income available to common shareholders of $4.5 million, or $0.20 per diluted share, for the second quarter of 2024, compared to $11.7 million, or $0.53 per diluted share, for the first quarter of 2024.

Midland States Bancorp, Inc. Announces 2024 Second Quarter Results

ATLANTA , July 15, 2024 /PRNewswire/ -- Transend, the first B2B private-label working capital solution that is redefining how suppliers do business with their commercial customers, today announced its strategic partnership with Midland States Bank, a subsidiary of Midland States Bancorp, Inc. (NASDAQ: MSBI). Through this partnership, Transend and Midland will take an innovative approach to traditional financing, offering dynamic payment solutions that empower suppliers to offer instant access to working capital at the point of commerce.

Transend Partners with Midland States Bank to Launch the First B2B Private-Label Working Capital Solution

EFFINGHAM, Ill., July 05, 2024 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ: MSBI) announced today that it will issue its second quarter 2024 financial results after market close on Thursday, July 25, 2024. 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 2024 Financial Results on Thursday, July 25

EFFINGHAM, Ill., May 07, 2024 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ: MSBI) announced today that its Board of Directors has appointed Travis Franklin to its Board, effective May 7, 2024. Mr. Franklin has been appointed to the Board of Midland States Bank, the Company's wholly-owned Illinois bank subsidiary.

Midland States Bancorp, Inc. Appoints Travis Franklin to Board of Directors

While the top- and bottom-line numbers for Midland States Bancorp (MSBI) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Midland States Bancorp (MSBI) Reports Q1 Earnings: What Key Metrics Have to Say

Midland States Bancorp (MSBI) came out with quarterly earnings of $0.53 per share, missing the Zacks Consensus Estimate of $0.71 per share. This compares to earnings of $0.88 per share a year ago.

Midland States Bancorp (MSBI) Lags Q1 Earnings Estimates

First Quarter 2024 Highlights: Net income available to common shareholders of $11.7 million , or $0.53 per diluted share Pre-tax, pre-provision earnings of $32.2 million Tangible book value per share increased 0.4% from prior quarter to $23.44 Common equity tier 1 capital ratio improved to 8.60% from 8.40% Net interest margin of 3.18% , compared to 3.21% in prior quarter Efficiency ratio of 58.0% , compared to 55.2% in prior quarter EFFINGHAM, Ill., April 25, 2024 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (Nasdaq: MSBI) (the “Company”) today reported net income available to common shareholders of $11.7 million, or $0.53 per diluted share, for the first quarter of 2024, compared to $18.5 million, or $0.84 per diluted share, for the fourth quarter of 2023.

Midland States Bancorp, Inc. Announces 2024 First Quarter Results

Midland States Bancorp (MSBI) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Why Midland States Bancorp (MSBI) Could Beat Earnings Estimates Again

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: Should You Buy?

EFFINGHAM, Ill., April 05, 2024 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ: MSBI) announced today that it will issue its first quarter 2024 financial results after market close on Thursday, April 25, 2024. 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 2024 Financial Results on Thursday, April 25

Midland States Bancorp's shares are still down compared to pre-regional bank crisis levels. Net interest income remains above pre-pandemic levels, but balance sheet results were mixed in 2023. I have concerns including high exposure to commercial real estate and an increase in nonperforming loans.

Midland States Bancorp: Why I Sold The Preferred Shares

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EFFINGHAM, Ill., Feb. 06, 2024 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ: MSBI) (the “Company” or “Midland”) announced today that Gerald Carlson has been appointed to the Board of Directors of the Company and Midland States Bank. With the addition of Mr. Carlson, the Company's Board of Directors now has 11 directors, with 10 of the directors classified as independent.

News for Midland States Bancorp Stock (MSBI)