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

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

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) delivered earnings and revenue surprises of 71.88% and 9.77%, respectively, for the quarter ended June 2020.

Midland States Bancorp, Inc. (MSBI) Beats Q2 Earnings and Revenue Estimates

Shares of Midland States Bancorp (NASDAQ: MSBI) were flat in after-market trading after the company reported Q2 results.

Midland States Bancorp: Q2 Earnings Insights

Net income of $12.6 million, or $0.53 diluted earnings per share

Midland States Bancorp, Inc. Announces 2020 Second Quarter Results

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

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

Midland States Bancorp, Inc. (MSBI) CEO Jeffrey Ludwig on Q1 2020 Results - Earnings Call Transcript

Midland States Bancorp, Inc. (MSBI) delivered earnings and revenue surprises of -80.00% and -15.98%, respectively, for the quarter ended March 2020.

Midland States Bancorp, Inc. (MSBI) Lags Q1 Earnings and Revenue Estimates

Midland States Bancorp, Inc. (MSBI) Reports Next Week: What to Know Ahead of the Release

EFFINGHAM, Ill., March  11, 2020  (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ: MSBI) announced today that its Board of Directors has approved an amendment to the Company’s current stock repurchase program that increases the amount of common stock authorized for repurchase from $25 million to $50 million and extends the expiration date of the program to December 31, 2020.  As of March 10, 2020, the Company had repurchased 477,230 shares of its common stock at an average price of $25.46 for a total investment of $12.2 million under the stock repurchase program that was initially authorized on August 6, 2019. 

MIDLAND STATES BANCORP, INC. INCREASES STOCK REPURCHASE PROGRAM TO $50 MILLION

EFFINGHAM, Ill., Feb.  04, 2020  (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ: MSBI) announced today that its Board of Directors declared a quarterly cash dividend of $0.2675 per share, which represents an increase of 10.3% from the prior quarterly cash dividend of $0.2425 per share.  The dividend is payable on or about February 21, 2020 to all shareholders of record as of the close of business on February 14, 2020.

Midland States Bancorp, Inc. Increases  Quarterly Cash Dividend 10.3% to $0.2675 Per Share

Midland States Bancorp's (MSBI) CEO Jeff Ludwig on Q4 2019 Results - Earnings Call Transcript

EFFINGHAM, Ill., Nov.  12, 2019  (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ: MSBI) (the “Company”) today announced that Eric T. Lemke has been appointed Chief Financial Officer of the Company and Midland States Bank, its wholly-owned subsidiary (the “Bank”).  

Midland States Bancorp, Inc. Appoints Eric Lemke Chief Financial Officer

Midland States Bancorp, Inc. (MSBI) CEO Jeffrey Ludwig on Q3 2019 Results - Earnings Call Transcript

EFFINGHAM, Ill., Oct.  24, 2019  (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (Nasdaq: MSBI) (the “Company”) today reported net income of $12.7 million, or $0.51 diluted earnings per share, for the third quarter of 2019, which included $5.3 million, or $0.15 per diluted share, in integration and acquisition expenses. This compares to net income of $16.4 million, or $0.67 diluted earnings per share, for the second quarter of 2019, which included $0.3 million in integration and acquisition expenses, and net income of $8.5 million, or $0.35 diluted earnings per share, for the third quarter of 2018, which included $9.6 million in integration and acquisition expenses.

Midland States Bancorp, Inc. Announces 2019 Third Quarter Results

EFFINGHAM, Ill., Sept.  20, 2019  (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ: MSBI) (the “Company” or “Midland”) announced today the issuance of $100 million aggregate principal amount of fixed-to-floating rate subordinated notes (the “Notes”), consisting of $72.75 million of 10-year notes (the “10-Year Notes”) and $27.25 million of 15-year notes (the “15-Year Notes”) in a private placement transaction.  The proceeds from the issuance will be used to repay a $30.0 million term loan, redeem $40.3 million of subordinated debt on or after the date that debt first becomes callable on June 18, 2020, and for general corporate purposes.

Midland States Bancorp, Inc. Announces Issuance of $100 Million in Subordinated Notes

EFFINGHAM, Ill., Sept.  19, 2019  (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ: MSBI) today announced that members of its executive management team will be participating in the Stephens 9th Annual Bank Forum in Little Rock, Arkansas on September 25, 2019. During the event, the management team will hold a series of meetings with institutional investors. 

Midland States Bancorp, Inc. to Participate in Stephens 9th Annual Bank Forum

Midland States Bancorp, Inc. (MSBI) CEO Jeffrey Ludwig on Q2 2019 Results - Earnings Call Transcript

Midland States Bancorp, Inc. (MSBI) delivered earnings and revenue surprises of 3.13% and 1.18%, respectively, for the quarter ended June 2019.

Midland States Bancorp, Inc. (MSBI) Tops Q2 Earnings and Revenue Estimates

Midland States Bancorp, Inc. (MSBI) Earnings Expected to Grow: Should You Buy?

Midland States Bancorp, Inc. (MSBI) CEO Jeffrey Ludwig on Q1 2019 Results - Earnings Call Transcript

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News for Midland States Bancorp Stock (MSBI)