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

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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.

EFFINGHAM, Ill., Feb. 06, 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, an increase of 3.3% from the previous quarterly cash dividend of $0.30 per share. The dividend is payable on February 23, 2024 to all shareholders of record as of the close of business on February 16, 2024.

Midland States Bancorp, Inc. Increases Common Stock Cash Dividend to $0.31 Per Share and Declares Preferred Stock Dividend

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.

Are Investors Undervaluing Midland States Bancorp (MSBI) Right Now?

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

Compared to Estimates, Midland States Bancorp (MSBI) Q4 Earnings: A Look at Key Metrics

Midland States Bancorp (MSBI) came out with quarterly earnings of $0.89 per share, beating the Zacks Consensus Estimate of $0.79 per share. This compares to earnings of $0.85 per share a year ago.

Midland States Bancorp (MSBI) Q4 Earnings and Revenues Beat Estimates

Fourth Quarter 2023 Highlights: Net income available to common shareholders of $18.5 million , or $0.84 per diluted share Adjusted earnings available to common shareholders of $19.8 million , or $0.89 per diluted share Tangible book value per share increased 7.8% from prior quarter to $23.35 Common equity tier 1 capital ratio improved to 8.40% from 8.07% Net interest margin of 3.21%, compared to 3.20% in prior quarter Efficiency ratio of 55.2% compared to 55.8% in prior quarter EFFINGHAM, Ill., Jan. 25, 2024 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (Nasdaq: MSBI) (the “Company”) today reported net income available to common shareholders of $18.5 million, or $0.84 per diluted share, for the fourth quarter of 2023, compared to $9.2 million, or $0.41 per diluted share, for the third quarter of 2023.

Midland States Bancorp, Inc. Announces 2023 Fourth Quarter Results

Midland States Bancorp (MSBI) witnesses a hammer chart pattern, indicating support found by the stock after losing some value lately. This coupled with an upward trend in earnings estimate revisions could mean a trend reversal for the stock in the near term.

Here's Why Midland States Bancorp (MSBI) Is a Great 'Buy the Bottom' Stock Now

EFFINGHAM, Ill., Jan. 05, 2024 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ: MSBI) announced today that it will issue its fourth quarter 2023 financial results after market close on Thursday, January 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 Fourth Quarter 2023 Financial Results on Thursday, January 25

EFFINGHAM, Ill., Dec. 05, 2023 (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, 2024 and expires on December 31, 2024. The Company's current stock repurchase program expires on December 31, 2023 and has approximately $7.2 million remaining under the authorization.

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

The headline numbers for Midland States Bancorp (MSBI) give insight into how the company performed in the quarter ended September 2023, 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) Q3 Earnings: A Look at Key Metrics

Midland States Bancorp (MSBI) came out with quarterly earnings of $0.78 per share, beating the Zacks Consensus Estimate of $0.77 per share. This compares to earnings of $1.04 per share a year ago.

Midland States Bancorp (MSBI) Q3 Earnings and Revenues Surpass Estimates

Third Quarter 2023 Highlights: Net income available to common shareholders of $15.8 million , or $0.71 per diluted share Adjusted earnings per diluted share of $0.78 reflects impact of balance sheet repositioning that is expected to be accretive to earnings prospectively Common equity tier 1 capital ratio improved to 8.16% Efficiency ratio of 55.8% compared to 55.0% in prior quarter EFFINGHAM, Ill., Oct. 26, 2023 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (Nasdaq: MSBI) (the “Company”) today reported net income available to common shareholders of $15.8 million, or $0.71 per diluted share, for the third quarter of 2023, compared to $19.3 million, or $0.86 per diluted share, for the second quarter of 2023.

Midland States Bancorp, Inc. Announces 2023 Third Quarter Results

EFFINGHAM, Ill., Oct. 05, 2023 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ: MSBI) announced today that it will issue its third quarter 2023 financial results after market close on Thursday, October 26, 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 Third Quarter 2023 Financial Results on Thursday, October 26

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.

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