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 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.

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

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.

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

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

Midland States Bancorp, Inc. to Announce Third Quarter 2022 Financial Results on Thursday, October 20

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It's undoubtedly one of the toughest times for the stock market in years. The rising interest rates have been a thorn for equity investors.

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Acquisitions, initiatives, and certain economic factors will act as catalysts for loan growth. However, higher interest rates will drag loan growth. Thanks to the balance of variable rate loans, the topline is moderately rate sensitive.

Midland States Bancorp: Attractively Valued With A Positive Growth Outlook

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Midland States Bancorp (MSBI) have what it takes?

This is Why Midland States Bancorp (MSBI) is a Great Dividend Stock

EFFINGHAM, Ill., Aug. 17, 2022 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (“Midland” or the “Company”) (Nasdaq: MSBI), the holding company for Midland States Bank (the “Bank”), announced today that it has priced an underwritten public offering of 4,600,000 depositary shares (the “depositary shares”), each representing a 1/40th interest in a share of 7.75% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A, par value $2.00 per share, with a liquidation preference of $1,000 per share (equivalent to $25.00 per depositary share). The Company has applied to list the depositary shares on The Nasdaq Global Select Market under the symbol “MSBIP.” The offering is subject to customary closing conditions and is expected to close on or about August 24, 2022.

Midland States Bancorp, Inc. Announces Pricing of $115 Million Offering of Depositary Shares

EFFINGHAM, Ill., Aug. 09, 2022 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ: MSBI) announced today that its Board of Directors declared a quarterly cash dividend of $0.29 per share. The dividend is payable on or about August 26, 2022 to all shareholders of record as of the close of business on August 19, 2022.

Midland States Bancorp, Inc. Declares Quarterly Cash Dividend of $0.29 Per Share

Midland States Bancorp (MSBI) Could Be a Great Choice

Midland States Bancorp, Inc. (NASDAQ:MSBI ) Q2 2022 Earnings Conference Call July 29, 2022 8:30 AM ET Company Participants Tony Rossi - Financial Profiles, IR Jeff Ludwig - President and CEO Eric Lemke – CFO Conference Call Participants Clark Wright - D.A. Davidson Damon DelMonte - KBW Terry McEvoy - Stephens Inc. Nathan Race - Piper Sandler Manuel Navas - D.A.

Midland States Bancorp, Inc. (MSBI) CEO Jeff Ludwig on Q2 2022 Results - Earnings Call Transcript

Midland States Bancorp (MSBI) delivered earnings and revenue surprises of 2.08% and 0.19%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Midland States Bancorp (MSBI) Surpasses Q2 Earnings and Revenue Estimates

Net income of $21.9 million, or $0.97 diluted earnings per share

Midland States Bancorp, Inc. Announces 2022 Second Quarter Results

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Conference call and webcast to be held on Friday, July 29 Conference call and webcast to be held on Friday, July 29

Midland States Bancorp, Inc. to Announce Second Quarter 2022 Financial Results on Thursday, July 28

Why Midland States Bancorp (MSBI) is a Great Dividend Stock Right Now

MSBI reported a very strong net interest income and thanks to a stable net non-interest expense, its reported earnings were strong in Q1. Unfortunately, the higher interest rates are having a negative impact on the securities portfolio which subsequently erodes the book value per share.

Midland States Bancorp: I'm Still On The Sidelines

News for Midland States Bancorp Stock (MSBI)