MSBI

Midland States Bancorp just posted its Q3 2026 scorecard and the headline is simple. Earnings per share landed at about US$0.97 on roughly US$82.2 million of revenue, while the stock barely moved, slipping 0.06% to US$32.94. The main development is the profit trend. Net income for the quarter came in near US$20.6 million, marking a clear shift from the loss heavy stretch investors experienced over the past year. Price action appears relatively muted in response to that change. Sentiment seems to be lagging the fundamentals, and the gap between the two is where any decision making tension now lies. Like the Midland States Bancorp earnings rebound but wary that the share price barely reacted? Compare this setup with a broader group of resilient financials in the list of solid balance sheet and fundamentals stocks (25 results) - Total Revenue (Q3 2026 vs. Q3 2025): US$82.224 million vs. US$61.128 million (higher year on year) - Net Income (Excl. Extra Items, Q3 2026 vs. Q3 2025): US$20.579 million vs. US$5.204 million (higher year on year) - Basic EPS (Q3 2026 vs. Q3 2025): US$0.974 vs. US$0.238 (higher year on year) - Net Interest Margin (NIM, Trailing 12 Months to Q3 2026 vs. FY 2025 TTM): Not disclosed vs. 3.64% (prior period reference only) Earnings snapped back from deep losses to solid Q3 profits. Ask Charlie what makes Midland States Bancorp's rebound look real. For bulls, Midland States Bancorp just delivered the kind of shift they like to see. Revenue of about US$82.2 million and net income near US$20.6 million both point in the same direction as the jump in basic EPS to roughly US$0.97. Profitability is back on the scoreboard after a loss heavy spell, and that change aligns well with the idea of a diversified regional bank that can lean on multiple lending lines and fee income when conditions get tougher. The bear story does not disappear just because one quarter looks stronger. A prior period net interest margin of 3.64% sits in the background with no fresh update, so it is hard to judge current spread pressure. Regional banks with commercial real estate and construction exposure often face questions on credit quality, and the muted share price move, down 0.06% on the day, suggests investors still want more evidence that this earnings rebound is durable. With earnings only recently back in the black and a higher P/E than peers, it is fair to ask how much balance sheet stress Midland States Bancorp can really absorb if conditions turn again. Check the full solvency, liquidity and debt profile in the financial health analysis of Midland States Bancorp stock. Midland States Bancorp reports a return to profit while the share price moves little. The real opportunity could be researching companies that appear undervalued before the market reassesses their earnings power. - Company 1 - 42% below our estimate - expands manufacturing capacity and supply chain reach to support higher margin film and installation channels. - Company 2 - 36% below our estimate - ramps high horsepower engine production and related power projects while working to limit losses in a newer business segment. - Company 3 - 33% below our estimate - ties an established AI software stack to premium accelerator hardware used for intensive data center computing workloads. Three companies from the same screener. Open all 27 potentially undervalued companies → This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include MSBI. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

For the quarter ended September 2026, Midland States Bancorp (MSBI) reported revenue of $86.16 million, up 6.2% over the same period last year. EPS came in at $0.95, compared to $0.24 in the year-ago quarter. The reported revenue represents a surprise of +2.45% over the Zacks Consensus Estimate of $84.1 million. With the consensus EPS estimate being $0.90, the EPS surprise was +5.56%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. Here is how Midland States Bancorp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: - Net Interest Margin: 4% versus 4% estimated by four analysts on average. - Average Balance - Total interest-earning assets: $6.2 billion versus $6.06 billion estimated by four analysts on average. - Efficiency Ratio: 61.3% compared to the 59.8% average estimate based on four analysts. - Net charge-offs to average loans (annualized): 0.5% versus the four-analyst average estimate of 0.7%. - Nonperforming loans: $58.7 million versus the two-analyst average estimate of $58.5 million. - Service charges on deposit accounts: $3.78 million versus $3.43 million estimated by four analysts on average. - Wealth management revenue: $8.65 million versus $8.94 million estimated by four analysts on average. - Interchange revenue: $3.98 million compared to the $3.65 million average estimate based on four analysts. - Net Interest Income (FTE)/Adjusted net interest income: $62.92 million versus $60.67 million estimated by four analysts on average. - Total Noninterest Income: $23.24 million versus $23.51 million estimated by four analysts on average. - Residential mortgage banking revenue: $0.22 million versus the four-analyst average estimate of $0.75 million. - Credit enhancement income: $3.11 million versus the three-analyst average estimate of $2.57 million. View all Key Company Metrics for Midland States Bancorp here>>> Shares of Midland States Bancorp have returned +0.6% over the past month versus the Zacks S&P 500 composite's no change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Midland States Bancorp, Inc. (MSBI) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Midland States Bancorp (MSBI) came out with quarterly earnings of $0.95 per share, beating the Zacks Consensus Estimate of $0.9 per share. This compares to earnings of $0.24 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +5.56%. A quarter ago, it was expected that this company would post earnings of $0.78 per share when it actually produced earnings of $0.82, delivering a surprise of +5.13%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Midland States Bancorp, which belongs to the Zacks Banks - Northeast industry, posted revenues of $86.16 million for the quarter ended September 2026, surpassing the Zacks Consensus Estimate by 2.45%. This compares to year-ago revenues of $81.13 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Midland States Bancorp shares have added about 53.9% since the beginning of the year versus the S&P 500's gain of 13.3%. While Midland States Bancorp has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Midland States Bancorp was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.88 on $83.78 million in revenues for the coming quarter and $3.40 on $331.77 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Northeast is currently in the top 26% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Chain Bridge Bancorp, Inc. (CBNA), another stock in the same industry, has yet to report results for the quarter ended September 2026. This company is expected to post quarterly earnings of $1.71 per share in its upcoming report, which represents a year-over-year change of +137.5%. The consensus EPS estimate for the quarter has been revised 5% higher over the last 30 days to the current level. Chain Bridge Bancorp, Inc.'s revenues are expected to be $22.38 million, up 70.6% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Midland States Bancorp, Inc. (MSBI) : Free Stock Analysis Report Chain Bridge Bancorp, Inc. (CBNA) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

EFFINGHAM, Ill., Oct. 22, 2026 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (Nasdaq: MSBI) (the "Company") today reported net income available to common shareholders of $20.6 million, or $0.95 per diluted share, for the third quarter of 2026, compared to net income available to common shareholders of $17.7 million, or $0.82 per diluted share, for the second quarter of 2026. This also compares to net income available to common shareholders of $5.3 million, or $0.24 per diluted share, for the third quarter of 2025. 2026 Third Quarter Results - Net income available to common shareholders of $20.6 million, or $0.95 per diluted share - Return on average assets of 1.35% and return on average tangible common equity of 18.50% - Net interest margin of 4.03% compared to 3.98% in the prior quarter; current quarter included a $1.6 million interest recovery on the payoff of a nonaccrual loan - Total loans increased $39.1 million, including $23.7 million of net growth in the Community Bank loan portfolio, or 2.8% annualized, during the quarter - Total capital to risk-weighted assets of 15.60% and common equity tier 1 capital of 10.36% - Ratio of nonperforming assets to total assets of 0.86%, a decrease of five basis points compared to prior quarter Discussion of Outlook; President & Chief Executive Officer, Jeffrey G. Ludwig: "Our third quarter results reflect another solid quarter of execution and continued progress toward building a higher-performing community bank. We delivered diluted earnings per share of $0.95 and a 1.35% return on average assets while maintaining strong net interest margin. The Community Bank generated loan growth, while we continued the planned runoff of non-core portfolios, further improving the composition of our balance sheet. "We also made meaningful progress resolving legacy credit issues. Past-due, substandard and nonperforming loans declined, net charge-offs moderated from the prior quarter, and our nonperforming asset ratio improved to 0.86%. We remain disciplined in addressing the remaining legacy credits while supporting high-quality loan growth in our markets. "Strong earnings continued to support our capital position. We enter the fourth quarter with solid momentum and remain focused on profitable relationship growth, continued credit normalization and disciplined capital deployment to support long-term shareholder value." Financial Highlights and Key Performance Indicators | | As of and for the Three Months Ended | | September 30, | | June 30, | | March 31, | | December 31, | | September 30, (dollars in thousands, except per share data) | | | 2026 | | | | 2026 | | | | 2026 | | | | 2025 | | | | 2025 | Diluted earnings (loss) per common share | | $ | 0.95 | | | $ | 0.82 | | | $ | 0.74 | | | $ | (0.24 | ) | | $ | 0.24 | Return on average assets (annualized) | | | 1.35 | % | | | 1.22 | % | | | 1.16 | % | | | (0.17 | )% | | | 0.43 | % Return on average tangible common equity (annualized) (1) | | | 18.50 | % | | | 16.27 | % | | | 14.88 | % | | | (4.46 | )% | | | 4.72 | % Adjusted pre-provision net revenue to average assets (annualized) (1) | | | 1.96 | % | | | 2.01 | % | | | 1.91 | % | | | 1.86 | % | | | 1.81 | % Net interest margin (annualized) | | | 4.03 | % | | | 3.98 | % | | | 3.91 | % | | | 3.74 | % | | | 3.79 | % Efficiency ratio (1) | | | 61.34 | % | | | 60.61 | % | | | 62.17 | % | | | 63.01 | % | | | 61.01 | % Noninterest expense to average assets | | | 3.13 | % | | | 3.12 | % | | | 3.16 | % | | | 4.54 | % | | | 2.86 | % Net charge-offs to average loans (annualized) | | | 0.50 | % | | | 1.17 | % | | | 0.64 | % | | | 3.69 | % | | | 0.99 | % Tangible book value per share at period end (1) | | $ | 19.52 | | | $ | 21.41 | | | $ | 20.77 | | | $ | 20.70 | | | $ | 21.16 | Tangible book value per share, excluding AOCI at period end (1) | | $ | 25.39 | | | $ | 24.69 | | | $ | 24.11 | | | $ | 23.55 | | | $ | 24.08 | Common shares outstanding at period end | | | 20,801,859 | | | | 20,725,814 | | | | 20,813,975 | | | | 21,169,854 | | | | 21,543,557 | Trust assets under administration | | $ | 4,770,581 | | | $ | 4,782,625 | | | $ | 4,474,234 | | | $ | 4,478,999 | | | $ | 4,363,756 | | | | | | | | | | | | | | | | | | | | | (1) Non-GAAP financial measures. Refer to pages 10-12 for a reconciliation to the comparable GAAP financial measures. Key Points for Third Quarter and Outlook Growth Trends in Community Bank & Wealth Management - Total loans at September 30, 2026 were $4.28 billion, an increase of $39.1 million from June 30, 2026. Key changes in the loan portfolio were as follows: - Community Bank balances increased $23.7 million, or 2.8% annualized. - Specialty finance loans increased $28.0 million to $560.1 million from June 30, 2026. - Non-core loans, which include our third-party lending and servicing programs and remaining equipment finance portfolio, decreased $12.7 million to $295.7 million from June 30, 2026. - Total deposits were $5.62 billion at September 30, 2026, a decrease of $89.8 million from June 30, 2026. Key changes in deposits were as follows: - Retail deposits decreased $112.7 million, primarily reflecting $115.7 million of balance reductions resulting from actions taken to manage liquidity and deposit pricing. - Commercial and public funds deposits increased $35.7 million and $33.7 million, respectively. - Servicing and higher-cost brokered deposits decreased $26.5 million and $7.9 million, respectively. - Wealth Management revenue totaled $8.7 million in the third quarter of 2026. Assets under administration remained stable at $4.77 billion at September 30, 2026, compared to $4.78 billion at June 30, 2026. Net Interest Margin - Net interest margin increased five basis points to 4.03% in the third quarter of 2026, benefiting from a $1.6 million interest recovery on the payoff of a nonaccrual loan and continued balance sheet and interest rate risk management, partially offset by higher funding costs. The cost of deposits increased four basis points to 1.82%. The following table presents the Company's net interest margin for the third quarter of 2026 compared to the second quarter of 2026 and the third quarter of 2025. | | For the Three Months Ended (dollars in thousands) | | September 30, 2026 | | June 30, 2026 | | September 30, 2025 Interest-earning assets | | Average Balance | | Interest & Fees | | Yield/ Rate | | Average Balance | | Interest & Fees | | Yield/ Rate | | Average Balance | | Interest & Fees | | Yield/ Rate Cash and cash equivalents | | $ | 149,088 | | $ | 1,333 | | 3.55 | % | | $ | 108,157 | | $ | 987 | | 3.66 | % | | $ | 78,567 | | $ | 849 | | 4.29 | % Investment securities (1) | | | 1,780,505 | | | 22,090 | | 4.92 | | | | 1,617,474 | | | 19,540 | | 4.85 | | | | 1,338,997 | | | 15,979 | | 4.73 | Loans (1)(2) | | | 4,235,207 | | | 69,173 | | 6.48 | | | | 4,268,168 | | | 67,195 | | 6.31 | | | | 4,947,675 | | | 81,012 | | 6.50 | Loans held for sale | | | 6,054 | | | 97 | | 6.36 | | | | 8,431 | | | 128 | | 6.10 | | | | 9,268 | | | 147 | | 6.29 | Nonmarketable equity securities | | | 29,215 | | | 530 | | 7.20 | | | | 30,285 | | | 534 | | 7.07 | | | | 38,559 | | | 715 | | 7.36 | Total interest-earning assets | | | 6,200,069 | | | 93,223 | | 5.97 | | | | 6,032,515 | | | 88,384 | | 5.88 | | | | 6,413,066 | | | 98,702 | | 6.11 | Noninterest-earning assets | | | 495,446 | | | | | | | 495,663 | | | | | | | 498,875 | | | | Total assets | | $ | 6,695,515 | | | | | | $ | 6,528,178 | | | | | | $ | 6,911,941 | | | | | | | | | | | | | | | | | | | | | | Interest-Bearing Liabilities | | | | | | | | | | | | | | | | | | Interest-bearing deposits | | $ | 4,720,701 | | $ | 26,251 | | 2.21 | % | | $ | 4,512,697 | | $ | 24,526 | | 2.18 | % | | $ | 4,644,455 | | $ | 30,219 | | 2.58 | % Short-term borrowings | | | 42,059 | | | 349 | | 3.29 | | | | 28,521 | | | 202 | | 2.84 | | | | 54,839 | | | 499 | | 3.61 | FHLB advances & other borrowings | | | 221,217 | | | 2,165 | | 3.88 | | | | 249,044 | | | 2,349 | | 3.78 | | | | 386,772 | | | 4,044 | | 4.15 | Subordinated debt | | | 27,032 | | | 380 | | 5.58 | | | | 27,027 | | | 380 | | 5.64 | | | | 77,210 | | | 1,393 | | 7.16 | Trust preferred debentures | | | 52,316 | | | 1,154 | | 8.75 | | | | 52,128 | | | 1,131 | | 8.70 | | | | 51,602 | | | 1,221 | | 9.39 | Total interest-bearing liabilities | | | 5,063,325 | | | 30,299 | | 2.37 | | | | 4,869,417 | | | 28,588 | | 2.35 | | | | 5,214,878 | | | 37,376 | | 2.84 | Noninterest-bearing deposits | | | 989,768 | | | | | | | 1,012,592 | | | | | | | 1,020,196 | | | | Other noninterest-bearing liabilities | | | 75,440 | | | | | | | 84,416 | | | | | | | 100,436 | | | | Shareholders' equity | | | 566,982 | | | | | | | 561,753 | | | | | | | 576,431 | | | | Total liabilities and shareholders' equity | | $ | 6,695,515 | | | | | | $ | 6,528,178 | | | | | | $ | 6,911,941 | | | | | | | | | | | | | | | | | | | | | | Net Interest Margin | | | | $ | 62,924 | | 4.03 | % | | | | $ | 59,796 | | 3.98 | % | | | | $ | 61,326 | | 3.79 | % | | | | | | | | | | | | | | | | | | Cost of Deposits | | | | | | 1.82 | % | | | | | | 1.78 | % | | | | | | 2.12 | % | | | | | | | | | | | | | | | | | | | | | (1) Interest income and average rates for tax-exempt loans and investment securities are presented on a tax-equivalent basis, assuming a federal income tax rate of 21%. Tax-equivalent adjustments totaled $0.2 million for each of the three months ended September 30, 2026, June 30, 2026, and September 30, 2025, respectively. (2) Average loan balances include nonaccrual loans. Interest income on loans includes amortization of deferred loan fees, net of deferred loan costs. Trends in Noninterest Income and Expense - Noninterest income was $23.2 million for the third quarter of 2026 compared to $23.8 million for the second quarter of 2026. - Noninterest expense was $52.8 million for the third quarter of 2026 compared to $50.8 million for the second quarter of 2026, driven by an increase in variable compensation expense. - Income tax expense was $6.6 million, resulting in an effective tax rate of 22.4% for the third quarter of 2026 compared to 22.9% and 33.2% for the second quarter of 2026 and third quarter of 2025, respectively. We currently expect our effective tax rate to be approximately 23% for the full year, subject to changes in earnings mix, state tax legislation, and other factors. Continued Progress on Credit Quality - Loans 30-89 days past due decreased to $9.1 million, or 0.21% of total loans, at September 30, 2026, compared to $11.0 million, or 0.26% of total loans, at June 30, 2026. Substandard accruing loans decreased by $0.4 million to $71.2 million at September 30, 2026. - Nonperforming loans decreased to $58.7 million, or 1.37% of total loans, at September 30, 2026, compared to $60.9 million, or 1.43% of total loans, at June 30, 2026. - Net charge-offs were $5.4 million for the third quarter of 2026, including $3.2 million of charge-offs on two previously identified nonperforming commercial real estate relationships in the Community Bank portfolio, partially offset by a $0.8 million recovery on the payoff of another previously identified nonperforming commercial real estate relationship. - Provision for credit losses on loans was $3.7 million for the third quarter of 2026, reflecting improved credit quality metrics, including favorable past due and delinquency trends. - Allowance for credit losses on loans was $60.9 million, or 1.42% of total loans, at September 30, 2026, compared to an allowance of $62.5 million, or 1.47% of total loans, at June 30, 2026. The table below summarizes certain information regarding the Company's loan portfolio asset quality for the periods presented. | | As of and for the Three Months Ended (dollars in thousands) | | September 30, | | June 30, | | March 31, | | December 31, | | September 30, | | 2026 | | | | 2026 | | | | 2026 | | | | 2025 | | | | 2025 | Asset Quality | | | | | | | | | | Loans 30-89 days past due | | $ | 9,103 | | | $ | 10,984 | | | $ | 20,266 | | | $ | 17,079 | | | $ | 26,019 | Nonperforming loans | | | 58,690 | | | | 60,879 | | | | 58,791 | | | | 65,483 | | | | 68,703 | Nonperforming assets | | | 58,870 | | | | 61,235 | | | | 59,305 | | | | 66,089 | | | | 70,369 | Substandard accruing loans | | | 71,168 | | | | 71,526 | | | | 91,963 | | | | 76,000 | | | | 78,901 | Net charge-offs | | | 5,352 | | | | 12,465 | | | | 6,747 | | | | 43,492 | | | | 12,309 | Loans 30-89 days past due to total loans | | | 0.21 | % | | | 0.26 | % | | | 0.47 | % | | | 0.39 | % | | | 0.53 | % Nonperforming loans to total loans | | | 1.37 | % | | | 1.43 | % | | | 1.36 | % | | | 1.50 | % | | | 1.41 | % Nonperforming assets to total assets | | | 0.86 | % | | | 0.91 | % | | | 0.91 | % | | | 1.01 | % | | | 1.02 | % Allowance for credit losses to total loans | | | 1.42 | % | | | 1.47 | % | | | 1.56 | % | | | 1.59 | % | | | 2.07 | % Allowance for credit losses to nonperforming loans | | | 103.68 | % | | | 102.69 | % | | | 115.45 | % | | | 105.71 | % | | | 146.84 | % Net charge-offs to average loans (annualized) | | | 0.50 | % | | | 1.17 | % | | | 0.64 | % | | | 3.69 | % | | | 0.99 | % | | | | | | | | | | | | | | | | | | | | Capital As previously announced, the Company's board of directors authorized a share repurchase program, pursuant to which the Company is authorized to repurchase up to $45.0 million of its common stock through December 31, 2026. The Company repurchased $10.6 million of its common stock during year-to-date 2026, and approximately $24.8 million remained available under the program at September 30, 2026. The Company and Midland States Bank exceeded all regulatory capital requirements under Basel III, and Midland States Bank met the qualifications to be a ''well-capitalized'' financial institution, as summarized in the following table: | As of September 30, 2026 | Midland States Bank | | Midland States Bancorp, Inc. | | Minimum Regulatory Requirements (2) Total capital to risk-weighted assets | 14.52 | % | | 15.60 | % | | 10.50 | % Tier 1 capital to risk-weighted assets | 13.27 | % | | 13.82 | % | | 8.50 | % Common equity Tier 1 capital to risk-weighted assets | 13.27 | % | | 10.36 | % | | 7.00 | % Tier 1 leverage ratio | 9.93 | % | | 10.34 | % | | 4.00 | % Tangible common equity to tangible assets (1) | N/A | | | 5.97 | % | | N/A | | As of June 30, 2026 | Midland States Bank | | Midland States Bancorp, Inc. | | Minimum Regulatory Requirements (2) Total capital to risk-weighted assets | 14.84 | % | | 15.77 | % | | 10.50 | % Tier 1 capital to risk-weighted assets | 13.59 | % | | 13.97 | % | | 8.50 | % Common equity Tier 1 capital to risk-weighted assets | 13.59 | % | | 10.39 | % | | 7.00 | % Tier 1 leverage ratio | 10.08 | % | | 10.37 | % | | 4.00 | % Tangible common equity to tangible assets (1) | N/A | | | 6.64 | % | | N/A | | | | | | | | | (1) Non-GAAP financial measure. Refer to pages 10-12 for a reconciliation to the comparable GAAP financial measure. (2) Includes the capital conservation buffer of 2.5%, as applicable. About Midland States Bancorp, Inc. Midland States Bancorp, Inc. is a community-based financial holding company headquartered in Effingham, Illinois, and is the sole shareholder of Midland States Bank. As of September 30, 2026, the Company had total assets of approximately $6.82 billion, and its Wealth Management Group had assets under administration of approximately $4.77 billion. The Company provides a full range of commercial and consumer banking products and services, merchant credit card services, trust and investment management, insurance and financial planning services. For additional information, visit https://www.midlandsb.com/ or https://www.linkedin.com/company/midland-states-bank. Non-GAAP Financial Measures Some of the financial measures included in this press release are not measures calculated in accordance with GAAP. These non-GAAP financial measures include "Adjusted pre-provision net revenue," "Adjusted pre-provision net revenue to average assets," "Adjusted earnings," "Adjusted earnings available to common shareholders," "Adjusted diluted earnings per common share," "Return on average tangible common equity," "Efficiency ratio," "Tangible common equity to tangible assets," "Tangible book value per share," and "Tangible book value per share, excluding AOCI." The Company believes these non-GAAP financial measures provide both management and investors a more complete understanding of the Company's profitability and asset profile, and that the tangible asset-based measures are commonly used by investors in evaluating value of financial institutions and their equity securities. These non-GAAP financial measures are supplemental and are not a substitute for any analysis based on GAAP financial measures. Not all companies use the same calculation of these measures; therefore, the measures in this press release may not be comparable to other similarly titled measures as presented by other companies. Forward-Looking Statements Readers should note that in addition to the historical information contained herein, this press release includes "forward-looking statements" within the meanings of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including but not limited to statements about the Company's plans, objectives, future performance, goals and future earnings levels, including currently anticipated levels of noninterest income and operating expenses. These statements are subject to many risks and uncertainties, including changes in interest rates and other general economic, business and political conditions; the impact of federal trade policy, inflation, deposit volatility and potential regulatory developments; the performance of our loan portfolio and our ability to manage credit risk; changes in the financial markets; the effects of armed conflict, including the scope and duration of disruptions in global energy markets relating to war in the Middle East; changes in the business environment resulting from the adoption of artificial intelligence, including fraud and cybersecurity risk; operational risks, including with respect to fraud and information technology; changes in business plans as circumstances warrant; changes to U.S. and state tax laws, regulations and guidance; and other risks detailed from time to time in filings made by the Company with the Securities and Exchange Commission, including the risk factors set forth in our Annual Report on Form 10-K for the year ended December 31, 2025, which are incorporated herein by reference. Readers should note that the forward-looking statements included in this press release are not a guarantee of future events, and that actual events may differ materially from those made in or suggested by the forward-looking statements. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "will," "should," "propose," "may," "plan," "seek," "expect," "intend," "estimate," "anticipate," "believe," "continue," "outlook," "trends," or similar terminology. Any forward-looking statements presented herein are made only as of the date of this press release, and the Company does not undertake any obligation to update or revise any forward-looking statements to reflect changes in assumptions, the occurrence of unanticipated events, or otherwise. CONTACTS: Jeffrey G. Ludwig, President and CEO, at [email protected] or (217) 342-7321 Claire A. Stack, Chief Financial Officer, at [email protected] or (217) 342-7321 MIDLAND STATES BANCORP, INC. CONSOLIDATED FINANCIAL SUMMARY (unaudited) | | | | | | | | | | | | As of | | September 30, | | June 30, | | March 31, | | December 31, | | September 30, (dollars in thousands) | | | 2026 | | | | 2026 | | | | 2026 | | | | 2025 | | | | 2025 | Assets | | | | | | | | | | Cash and cash equivalents | | $ | 99,612 | | | $ | 298,747 | | | $ | 113,658 | | | $ | 127,811 | | | $ | 166,147 | Investment securities | | | 1,909,021 | | | | 1,657,313 | | | | 1,596,220 | | | | 1,527,236 | | | | 1,383,121 | Loans | | | 4,282,828 | | | | 4,243,704 | | | | 4,338,573 | | | | 4,352,004 | | | | 4,867,587 | Allowance for credit losses on loans | | | (60,852 | ) | | | (62,519 | ) | | | (67,875 | ) | | | (69,219 | ) | | | (100,886 | ) Total loans, net | | | 4,221,976 | | | | 4,181,185 | | | | 4,270,698 | | | | 4,282,785 | | | | 4,766,701 | Loans held for sale | | | 4,580 | | | | 8,944 | | | | 6,709 | | | | 7,781 | | | | 7,535 | Premises and equipment, net | | | 82,435 | | | | 82,898 | | | | 84,169 | | | | 85,134 | | | | 86,005 | Other real estate owned | | | 180 | | | | 356 | | | | 514 | | | | 606 | | | | 393 | Loan servicing rights, at lower of cost or fair value | | | 10,931 | | | | 11,316 | | | | 11,688 | | | | 11,932 | | | | 16,165 | Goodwill | | | 7,927 | | | | 7,927 | | | | 7,927 | | | | 7,927 | | | | 7,927 | Other intangible assets, net | | | 6,849 | | | | 7,495 | | | | 8,159 | | | | 8,876 | | | | 9,619 | Company-owned life insurance | | | 224,884 | | | | 222,757 | | | | 220,630 | | | | 218,554 | | | | 216,494 | Credit enhancement asset | | | 14,364 | | | | 13,642 | | | | 13,476 | | | | 12,557 | | | | 5,765 | Other assets | | | 234,083 | | | | 208,036 | | | | 214,115 | | | | 222,221 | | | | 245,643 | Total assets | | $ | 6,816,842 | | | $ | 6,700,616 | | | $ | 6,547,963 | | | $ | 6,513,420 | | | $ | 6,911,515 | | | | | | | | | | | Liabilities and Shareholders' Equity | | | | | | | | | | Noninterest-bearing demand deposits | | $ | 973,388 | | | $ | 1,010,128 | | | $ | 1,013,808 | | | $ | 1,040,411 | | | $ | 1,015,930 | Interest-bearing deposits | | | 4,644,050 | | | | 4,697,150 | | | | 4,426,259 | | | | 4,383,968 | | | | 4,588,895 | Total deposits | | | 5,617,438 | | | | 5,707,278 | | | | 5,440,067 | | | | 5,424,379 | | | | 5,604,825 | Short-term borrowings | | | 151,499 | | | | 7,645 | | | | 153,425 | | | | 60,181 | | | | 146,766 | FHLB advances | | | 353,000 | | | | 258,000 | | | | 238,000 | | | | 293,000 | | | | 373,000 | Subordinated debt | | | 27,035 | | | | 27,030 | | | | 27,024 | | | | 27,019 | | | | 27,014 | Trust preferred debentures | | | 52,409 | | | | 52,219 | | | | 52,035 | | | | 51,857 | | | | 51,684 | Other liabilities | | | 84,094 | | | | 78,756 | | | | 78,458 | | | | 91,485 | | | | 124,225 | Total liabilities | | | 6,285,475 | | | | 6,130,928 | | | | 5,989,009 | | | | 5,947,921 | | | | 6,327,514 | Total shareholders' equity | | | 531,367 | | | | 569,688 | | | | 558,954 | | | | 565,499 | | | | 584,001 | Total liabilities and shareholders' equity | | $ | 6,816,842 | | | $ | 6,700,616 | | | $ | 6,547,963 | | | $ | 6,513,420 | | | $ | 6,911,515 | | | | | | | | | | | | | | | | | | | | | MIDLAND STATES BANCORP, INC. CONSOLIDATED FINANCIAL SUMMARY (unaudited) (continued) | | | | | | | | | | | | For the Three Months Ended | | September 30, | | June 30, | | March 31, | | December 31, | | September 30, (dollars in thousands, except per share data) | | | 2026 | | | 2026 | | | | 2026 | | | | 2025 | | | | 2025 | Net interest income: | | | | | | | | | | Interest income | | $ | 93,021 | | $ | 88,177 | | | $ | 86,022 | | | $ | 92,095 | | | $ | 98,493 | Interest expense | | | 30,299 | | | 28,588 | | | | 28,605 | | | | 33,393 | | | | 37,376 | Net interest income | | | 62,722 | | | 59,589 | | | | 57,417 | | | | 58,702 | | | | 61,117 | Provision for credit losses: | | | | | | | | | | Provision for credit losses on loans | | | 3,685 | | | 7,109 | | | | 5,403 | | | | 11,825 | | | | 20,505 | Provision (recapture) of credit losses on unfunded commitments | | | 50 | | | (290 | ) | | | (400 | ) | | | (200 | ) | | | (500 | ) Total provision for credit losses | | | 3,735 | | | 6,819 | | | | 5,003 | | | | 11,625 | | | | 20,005 | Net interest income after provision for credit losses | | | 58,987 | | | 52,770 | | | | 52,414 | | | | 47,077 | | | | 41,112 | Noninterest income: | | | | | | | | | | Wealth management revenue | | | 8,651 | | | 8,768 | | | | 8,248 | | | | 8,272 | | | | 8,018 | Service charges on deposit accounts | | | 3,775 | | | 3,449 | | | | 3,355 | | | | 3,573 | | | | 3,598 | Interchange revenue | | | 3,984 | | | 3,553 | | | | 3,528 | | | | 3,437 | | | | 3,445 | Residential mortgage banking revenue | | | 216 | | | 686 | | | | 626 | | | | 690 | | | | 735 | Income on company-owned life insurance | | | 1,828 | | | 2,127 | | | | 2,076 | | | | 2,060 | | | | 2,102 | Gain (loss) on sales of investment securities, net | | | — | | | — | | | | (1,731 | ) | | | — | | | | 14 | Credit enhancement income (loss) | | | 3,108 | | | 3,081 | | | | 3,360 | | | | 6,876 | | | | (242 | ) Other income | | | 1,675 | | | 2,104 | | | | 2,660 | | | | 1,959 | | | | 2,346 | Total noninterest income | | | 23,237 | | | 23,768 | | | | 22,122 | | | | 26,867 | | | | 20,016 | Noninterest expense: | | | | | | | | | | Salaries and employee benefits | | | 28,500 | | | 27,354 | | | | 26,157 | | | | 25,906 | | | | 26,393 | Occupancy and equipment | | | 4,330 | | | 4,229 | | | | 4,535 | | | | 4,353 | | | | 4,206 | Data processing | | | 6,871 | | | 6,994 | | | | 7,065 | | | | 6,834 | | | | 7,186 | Professional services | | | 1,669 | | | 1,665 | | | | 2,242 | | | | 2,321 | | | | 2,017 | Amortization of intangible assets | | | 646 | | | 664 | | | | 717 | | | | 743 | | | | 743 | Loss on sale of loan portfolios | | | — | | | — | | | | — | | | | 23,051 | | | | — | Impairment on leased assets and surrendered assets | | | — | | | — | | | | — | | | | 684 | | | | — | FDIC insurance | | | 791 | | | 781 | | | | 529 | | | | 3,739 | | | | 1,512 | Other expense | | | 10,036 | | | 9,068 | | | | 9,179 | | | | 9,561 | | | | 7,757 | Total noninterest expense | | | 52,843 | | | 50,755 | | | | 50,424 | | | | 77,192 | | | | 49,814 | Income (loss) before income taxes | | | 29,381 | | | 25,783 | | | | 24,112 | | | | (3,248 | ) | | | 11,314 | Income tax expense (benefit) | | | 6,573 | | | 5,895 | | | | 5,649 | | | | (360 | ) | | | 3,757 | Net income (loss) | | | 22,808 | | | 19,888 | | | | 18,463 | | | | (2,888 | ) | | | 7,557 | Preferred stock dividends | | | 2,229 | | | 2,228 | | | | 2,228 | | | | 2,228 | | | | 2,229 | Net income (loss) available to common shareholders | | $ | 20,579 | | $ | 17,660 | | | $ | 16,235 | | | $ | (5,116 | ) | | $ | 5,328 | | | | | | | | | | | Basic earnings (loss) per common share | | $ | 0.95 | | $ | 0.82 | | | $ | 0.74 | | | $ | (0.24 | ) | | $ | 0.24 | Diluted earnings (loss) per common share | | $ | 0.95 | | $ | 0.82 | | | $ | 0.74 | | | $ | (0.24 | ) | | $ | 0.24 | Weighted average common shares outstanding | | | 21,128,351 | | | 21,074,683 | | | | 21,301,246 | | | | 21,854,033 | | | | 21,863,911 | Weighted average diluted common shares outstanding | | | 21,140,143 | | | 21,074,683 | | | | 21,301,246 | | | | 21,854,033 | | | | 21,863,911 | | | | | | | | | | | | | | | | | | | | MIDLAND STATES BANCORP, INC. CONSOLIDATED FINANCIAL SUMMARY (unaudited)(continued) | | | | | | | | | | | | As of | | September 30, | | June 30, | | March 31, | | December 31, | | September 30, (dollars in thousands) | | 2026 | | 2026 | | 2026 | | 2025 | | 2025 Loan Portfolio Mix | | | | | | | | | | Commercial loans | | $ | 1,183,813 | | $ | 1,185,730 | | $ | 1,216,511 | | $ | 1,178,521 | | $ | 1,476,533 Equipment finance leases | | | 30,339 | | | 37,086 | | | 43,803 | | | 50,981 | | | 310,983 Total commercial loans and leases | | | 1,214,152 | | | 1,222,816 | | | 1,260,314 | | | 1,229,502 | | | 1,787,516 Commercial real estate | | | 2,332,478 | | | 2,296,978 | | | 2,322,198 | | | 2,342,664 | | | 2,336,661 Construction and land development | | | 249,268 | | | 243,840 | | | 276,469 | | | 286,140 | | | 260,073 Residential real estate | | | 358,021 | | | 347,664 | | | 344,511 | | | 349,623 | | | 353,475 Consumer | | | 128,909 | | | 132,406 | | | 135,081 | | | 144,075 | | | 129,862 Total loans | | $ | 4,282,828 | | $ | 4,243,704 | | $ | 4,338,573 | | $ | 4,352,004 | | $ | 4,867,587 | | | | | | | | | | Loan Portfolio Segment | | | | | | | | | | Regions | | | | | | | | | | Eastern | | $ | 985,101 | | $ | 978,944 | | $ | 989,596 | | $ | 972,031 | | $ | 927,977 Northern | | | 782,911 | | | 771,844 | | | 758,815 | | | 711,702 | | | 724,695 Southern | | | 664,770 | | | 700,937 | | | 713,592 | | | 729,368 | | | 725,892 St. Louis | | | 994,197 | | | 951,505 | | | 934,974 | | | 915,126 | | | 896,005 Total Community Bank | | | 3,426,979 | | | 3,403,230 | | | 3,396,977 | | | 3,328,227 | | | 3,274,569 Specialty finance | | | 560,102 | | | 532,070 | | | 613,514 | | | 668,183 | | | 642,167 Non-core loan program and other (1) | | | 295,747 | | | 308,404 | | | 328,082 | | | 355,594 | | | 950,851 Total loans | | $ | 4,282,828 | | $ | 4,243,704 | | $ | 4,338,573 | | $ | 4,352,004 | | $ | 4,867,587 | | | | | | | | | | Deposit Portfolio Mix | | | | | | | | | | Noninterest-bearing demand | | $ | 973,388 | | $ | 1,010,128 | | $ | 1,013,808 | | $ | 1,040,411 | | $ | 1,015,930 Interest-bearing: | | | | | | | | | | Checking | | | 2,155,193 | | | 2,094,880 | | | 1,886,212 | | | 1,855,215 | | | 1,996,501 Money market | | | 1,306,610 | | | 1,242,303 | | | 1,295,781 | | | 1,248,942 | | | 1,240,885 Savings | | | 498,397 | | | 640,292 | | | 495,899 | | | 487,742 | | | 486,953 Time | | | 666,749 | | | 694,642 | | | 723,055 | | | 748,942 | | | 804,740 Brokered time | | | 17,101 | | | 25,033 | | | 25,312 | | | 43,127 | | | 59,816 Total deposits | | $ | 5,617,438 | | $ | 5,707,278 | | $ | 5,440,067 | | $ | 5,424,379 | | $ | 5,604,825 | | | | | | | | | | Deposit Portfolio by Channel | | | | | | | | | | Retail | | $ | 2,890,419 | | $ | 3,003,073 | | $ | 2,904,695 | | $ | 2,823,064 | | $ | 2,791,085 Commercial | | | 1,361,246 | | | 1,325,592 | | | 1,209,210 | | | 1,193,637 | | | 1,248,445 Public Funds | | | 609,873 | | | 576,188 | | | 455,982 | | | 473,381 | | | 605,474 Wealth & Trust | | | 249,209 | | | 243,549 | | | 242,977 | | | 265,747 | | | 263,765 Servicing | | | 475,862 | | | 502,335 | | | 478,496 | | | 498,496 | | | 498,892 Brokered Deposits | | | 17,106 | | | 25,033 | | | 125,949 | | | 143,192 | | | 167,228 Other | | | 13,723 | | | 31,508 | | | 22,758 | | | 26,862 | | | 29,936 Total deposits | | $ | 5,617,438 | | $ | 5,707,278 | | $ | 5,440,067 | | $ | 5,424,379 | | $ | 5,604,825 | | | | | | | | | | | | | | | (1) Non-core loan programs refer to loan portfolios originated through third parties or capital markets, including loans to finance the sale of the GreenSky portfolio, and equipment financing loans and leases. MIDLAND STATES BANCORP, INC. RECONCILIATIONS OF NON-GAAP FINANCIAL MEASURES (unaudited) | | | | | | | | | | Adjusted Earnings Reconciliation | | | | | | | | | | | | For the Three Months Ended | | September 30, | | June 30, | | March 31, | | December 31, | | September 30, (dollars in thousands, except per share data) | | | 2026 | | | | 2026 | | | | 2026 | | | | 2025 | | | | 2025 | Income (loss) before income tax expense (benefit) - GAAP | | $ | 29,381 | | | $ | 25,783 | | | $ | 24,112 | | | $ | (3,248 | ) | | $ | 11,314 | Adjustments to noninterest income: | | | | | | | | | | (Gain) loss on sales of investment securities, net | | | — | | | | — | | | | 1,731 | | | | — | | | | (14 | ) Gain on sale of mortgage servicing rights | | | — | | | | — | | | | (2,077 | ) | | | — | | | | — | (Gain) loss on limited partnership investments | | | (18 | ) | | | 176 | | | | 1,689 | | | | 134 | | | | 315 | Total adjustments to noninterest income | | | (18 | ) | | | 176 | | | | 1,343 | | | | 134 | | | | 301 | Adjustments to noninterest expense: | | | | | | | | | | Loss on sale of loan portfolios | | | — | | | | — | | | | — | | | | (23,051 | ) | | | — | Total adjustments to noninterest expense | | | — | | | | — | | | | — | | | | (23,051 | ) | | | — | Adjusted earnings pre-tax - non-GAAP | | | 29,363 | | | | 25,959 | | | | 25,455 | | | | 19,937 | | | | 11,615 | Adjusted earnings tax expense | | | 6,579 | | | | 5,941 | | | | 6,002 | | | | 5,726 | | | | 3,836 | Adjusted earnings - non-GAAP | | | 22,784 | | | | 20,018 | | | | 19,453 | | | | 14,211 | | | | 7,779 | Preferred stock dividends | | | 2,229 | | | | 2,228 | | | | 2,228 | | | | 2,228 | | | | 2,229 | Adjusted earnings available to common shareholders | | $ | 20,555 | | | $ | 17,790 | | | $ | 17,225 | | | $ | 11,983 | | | $ | 5,550 | Adjusted diluted earnings per common share | | $ | 0.95 | | | $ | 0.82 | | | $ | 0.79 | | | $ | 0.54 | | | $ | 0.25 | | | | | | | | | | | Adjusted Pre-Provision Net Revenue Reconciliation | | | | | | | | | | | | For the Three Months Ended | | September 30, | | June 30, | | March 31, | | December 31, | | September 30, (dollars in thousands) | | | 2026 | | | | 2026 | | | | 2026 | | | | 2025 | | | | 2025 | Adjusted earnings pre-tax - non-GAAP | | $ | 29,363 | | | $ | 25,959 | | | $ | 25,455 | | | $ | 19,937 | | | $ | 11,615 | Provision for credit losses | | | 3,735 | | | | 6,819 | | | | 5,003 | | | | 11,625 | | | | 20,005 | Adjusted pre-provision net revenue | | $ | 33,098 | | | $ | 32,778 | | | $ | 30,458 | | | $ | 31,562 | | | $ | 31,620 | Adjusted pre-provision net revenue to average assets (annualized) | | | 1.96 | % | | | 2.01 | % | | | 1.91 | % | | | 1.86 | % | | | 1.81 | % | | | | | | | | | | Return on Average Tangible Common Equity | | | | | | | | | | | | For the Three Months Ended | | September 30, | | June 30, | | March 31, | | December 31, | | September 30, (dollars in thousands) | | | 2026 | | | | 2026 | | | | 2026 | | | | 2025 | | | | 2025 | Net income available to common shareholders | | $ | 20,579 | | | $ | 17,660 | | | $ | 16,235 | | | $ | (5,116 | ) | | $ | 5,328 | | | | | | | | | | | Average total shareholders' equity—GAAP | | $ | 566,982 | | | $ | 561,753 | | | $ | 569,482 | | | $ | 582,698 | | | $ | 576,431 | Adjustments: | | | | | | | | | | Preferred stock | | | (110,548 | ) | | | (110,548 | ) | | | (110,548 | ) | | | (110,548 | ) | | | (110,548 | ) Goodwill | | | (7,927 | ) | | | (7,927 | ) | | | (7,927 | ) | | | (7,927 | ) | | | (7,927 | ) Other intangible assets, net | | | (7,159 | ) | | | (7,813 | ) | | | (8,487 | ) | | | (9,320 | ) | | | (9,978 | ) Average tangible common equity | | $ | 441,348 | | | $ | 435,465 | | | $ | 442,520 | | | $ | 454,903 | | | $ | 447,978 | | | | | | | | | | | Return on average tangible common equity (annualized) | | | 18.50 | % | | | 16.27 | % | | | 14.88 | % | | (4.46) % | | | 4.72 | % | | | | | | | | | | | | | | | | | | MIDLAND STATES BANCORP, INC. RECONCILIATIONS OF NON-GAAP FINANCIAL MEASURES (unaudited)(continued) | | | | | | | | | | Efficiency Ratio Reconciliation | | | | | | | | | | | | For the Three Months Ended | | September 30, | | June 30, | | March 31, | | December 31, | | September 30, (dollars in thousands) | | | 2026 | | | | 2026 | | | | 2026 | | | | 2025 | | | | 2025 | Noninterest expense - GAAP | | $ | 52,843 | | | $ | 50,755 | | | $ | 50,424 | | | $ | 77,192 | | | $ | 49,814 | Loss on sale of loan portfolios | | | — | | | | — | | | | — | | | | (23,051 | ) | | | — | Adjusted noninterest expense | | $ | 52,843 | | | $ | 50,755 | | | $ | 50,424 | | | $ | 54,141 | | | $ | 49,814 | | | | | | | | | | | Net interest income - GAAP | | $ | 62,722 | | | $ | 59,589 | | | $ | 57,417 | | | $ | 58,702 | | | $ | 61,117 | Effect of tax-exempt income | | | 202 | | | | 207 | | | | 218 | | | | 221 | | | | 209 | Adjusted net interest income | | | 62,924 | | | | 59,796 | | | | 57,635 | | | | 58,923 | | | | 61,326 | | | | | | | | | | | Noninterest income - GAAP | | | 23,237 | | | | 23,768 | | | | 22,122 | | | | 26,867 | | | | 20,016 | (Gain) loss on sales of investment securities, net | | | — | | | | — | | | | 1,731 | | | | — | | | | (14 | ) Gain on sale of mortgage servicing rights | | | — | | | | — | | | | (2,077 | ) | | | — | | | | — | (Gain) loss on limited partnership investments | | | (18 | ) | | | 176 | | | | 1,689 | | | | 134 | | | | 315 | Adjusted noninterest income | | | 23,219 | | | | 23,944 | | | | 23,465 | | | | 27,001 | | | | 20,317 | | | | | | | | | | | Adjusted total revenue | | $ | 86,143 | | | $ | 83,740 | | | $ | 81,100 | | | $ | 85,924 | | | $ | 81,643 | | | | | | | | | | | Efficiency ratio | | | 61.34 | % | | | 60.61 | % | | | 62.17 | % | | | 63.01 | % | | | 61.01 | % | | | | | | | | | | | | | | | | | | | | Tangible Common Equity to Tangible Assets Ratio and Tangible Book Value Per Share | | | | | | | | | | | | As of | | September 30, | | June 30, | | March 31, | | December 31, | | September 30, (dollars in thousands, except per share data) | | | 2026 | | | | 2026 | | | | 2026 | | | | 2025 | | | | 2025 | Shareholders' Equity to Tangible Common Equity | | | | | | | | Total shareholders' equity—GAAP | | $ | 531,367 | | | $ | 569,688 | | | $ | 558,954 | | | $ | 565,499 | | | $ | 584,001 | Adjustments: | | | | | | | | | | Preferred stock | | | (110,548 | ) | | | (110,548 | ) | | | (110,548 | ) | | | (110,548 | ) | | | (110,548 | ) Goodwill | | | (7,927 | ) | | | (7,927 | ) | | | (7,927 | ) | | | (7,927 | ) | | | (7,927 | ) Other intangible assets, net | | | (6,849 | ) | | | (7,495 | ) | | | (8,159 | ) | | | (8,876 | ) | | | (9,619 | ) Tangible common equity | | $ | 406,043 | | | $ | 443,718 | | | $ | 432,320 | | | $ | 438,148 | | | $ | 455,907 | | | | | | | | | | | Less: Accumulated other comprehensive loss (AOCI) | | | (122,197 | ) | | | (67,931 | ) | | | (69,582 | ) | | | (60,333 | ) | | | (62,966 | ) Tangible common equity, excluding AOCI | | $ | 528,240 | | | $ | 511,649 | | | $ | 501,902 | | | $ | 498,481 | | | $ | 518,873 | | | | | | | | | | | Total Assets to Tangible Assets: | | | | | | | | | | Total assets—GAAP | | $ | 6,816,842 | | | $ | 6,700,616 | | | $ | 6,547,963 | | | $ | 6,513,420 | | | $ | 6,911,515 | Adjustments: | | | | | | | | | | Goodwill | | | (7,927 | ) | | | (7,927 | ) | | | (7,927 | ) | | | (7,927 | ) | | | (7,927 | ) Other intangible assets, net | | | (6,849 | ) | | | (7,495 | ) | | | (8,159 | ) | | | (8,876 | ) | | | (9,619 | ) Tangible assets | | $ | 6,802,066 | | | $ | 6,685,194 | | | $ | 6,531,877 | | | $ | 6,496,617 | | | $ | 6,893,969 | | | | | | | | | | | Common Shares Outstanding | | | 20,801,859 | | | | 20,725,814 | | | | 20,813,975 | | | | 21,169,854 | | | | 21,543,557 | | | | | | | | | | | Tangible Common Equity to Tangible Assets | | | 5.97 | % | | | 6.64 | % | | | 6.62 | % | | | 6.74 | % | | | 6.61 | % Tangible Book Value Per Share | | $ | 19.52 | | | $ | 21.41 | | | $ | 20.77 | | | $ | 20.70 | | | $ | 21.16 | Tangible Book Value Per Share, excluding AOCI | | $ | 25.39 | | | $ | 24.69 | | | $ | 24.11 | | | $ | 23.55 | | | $ | 24.08 | | | | | | | | | | | | | | | | | | | | | A PDF accompanying this announcement is available at: http://ml.globenewswire.com/Resource/Download/b44a02c8-6774-4b9a-85d3-b36bef4cca8a

Independent Bank (IBCP) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The earnings report, which is expected to be released on October 27, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise. This bank holding company is expected to post quarterly earnings of $0.86 per share in its upcoming report, which represents a year-over-year change of +2.4%. Revenues are expected to be $68.1 million, up 18.9% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 0.8% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts. Price, Consensus and EPS Surprise Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction). The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only. A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). For Independent Bank, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -24.20%. On the other hand, the stock currently carries a Zacks Rank of #4. So, this combination makes it difficult to conclusively predict that Independent Bank will beat the consensus EPS estimate. Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number. For the last reported quarter, it was expected that Independent Bank would post earnings of $0.85 per share when it actually produced earnings of $0.90, delivering a surprise of +5.88%. Over the last four quarters, the company has beaten consensus EPS estimates four times. An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. Independent Bank doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. Among the stocks in the Zacks Banks - Northeast industry, Midland States Bancorp (MSBI), is soon expected to post earnings of $0.9 per share for the quarter ended September 2026. This estimate indicates a year-over-year change of +275%. This quarter's revenue is expected to be $84.1 million, up 3.7% from the year-ago quarter. Over the last 30 days, the consensus EPS estimate for Midland States Bancorp has been revised 2.8% down to the current level. Nevertheless, the company now has an Earnings ESP of +2.51%, reflecting a higher Most Accurate Estimate. When combined with a Zacks Rank of #2 (Buy), this Earnings ESP indicates that Midland States Bancorp will most likely beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates two times. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Independent Bank Corp. (IBCP) : Free Stock Analysis Report Midland States Bancorp, Inc. (MSBI) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

The market expects Midland States Bancorp (MSBI) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on October 22, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise. This company is expected to post quarterly earnings of $0.90 per share in its upcoming report, which represents a year-over-year change of +275%. Revenues are expected to be $84.1 million, up 3.7% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 2.76% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change. Price, Consensus and EPS Surprise Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction). The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only. A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). For Midland States Bancorp, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +2.51%. On the other hand, the stock currently carries a Zacks Rank of #2. So, this combination indicates that Midland States Bancorp will most likely beat the consensus EPS estimate. Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number. For the last reported quarter, it was expected that Midland States Bancorp would post earnings of $0.78 per share when it actually produced earnings of $0.82, delivering a surprise of +5.13%. Over the last four quarters, the company has beaten consensus EPS estimates two times. An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. Midland States Bancorp appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Midland States Bancorp, Inc. (MSBI) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

EFFINGHAM, Ill., July 23, 2026 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (Nasdaq: MSBI) (the “Company”) today reported net income available to common shareholders of $17.7 million, or $0.82 per diluted share, for the second quarter of 2026, compared to net income available to common shareholders of $16.2 million, or $0.74 per diluted share, for the first quarter of 2026. This also compares to net income available to common shareholders of $9.8 million, or $0.44 per diluted share, for the second quarter of 2025. 2026 Second Quarter Results Net income available to common shareholders of $17.7 million, or $0.82 per diluted share. Return on average assets of 1.22% and return on average tangible common equity of 16.27%. Adjusted pre-provision net revenue of $32.8 million, or 2.01% of average assets, compared to $30.5 million, or 1.91% of average assets, for the first quarter of 2026. Net interest margin of 3.98% compared to 3.91% in the prior quarter. Community Bank loan portfolio increased $6.3 million, or 0.7% annualized, compared to prior quarter. Total loans decreased $94.9 million, primarily due to anticipated runoff within specialty finance and non-core portfolios. Total capital to risk-weighted assets of 15.77% and common equity tier 1 capital of 10.39%. Ratio of nonperforming assets to total assets of 0.91%, flat compared to prior quarter. Discussion of Outlook; President & Chief Executive Officer, Jeffrey G. Ludwig: “Our second quarter results demonstrate the continued progress we’ve made transforming Midland into a higher-performing community bank. Core profitability remained strong, our net interest margin expanded, capital increased above our near-term target, and our Community Bank continued to generate growth in deposits and customer relationships while we further simplified our balance sheet through the planned runoff of specialty finance and non-core loan portfolios. "Net interest margin expansion was driven by favorable loan repricing and continued optimization of our earning assets. Total deposits increased $267 million, while we further reduced our reliance on higher-cost brokered deposits. We also strengthened our capital position, increasing our common equity Tier 1 ratio to 10.4%, while continuing to return capital to shareholders through share repurchases. "While we recognized a higher charge-off associated with the resolution of a previously identified nonperforming commercial real estate credit, broader credit trends continued to improve, including reductions in past due and substandard loans. Looking ahead, we remain focused on disciplined growth across our Community Bank, expanding our wealth management business following a record quarter, and leveraging our stronger financial position to deliver consistent earnings growth and long-term shareholder value.” Financial Highlights and Key Performance Indicators Key Points for Second Quarter and Outlook Growth Trends in Community Bank & Wealth Management Total loans at June 30, 2026 were $4.24 billion, a decrease of $94.9 million from March 31, 2026, reflecting the continued planned runoff of specialty finance and non-core portfolios, which more than offset Community Bank loan growth. Average loan balances in the Community Bank increased approximately $83 million, or 2.5%, during the quarter, supported by continued commercial loan production and growth in commercial and industrial commitments. Period-end balances were impacted by the timing of several larger fundings shifting into the third quarter and elevated loan payoffs. Key changes in the loan portfolio were as follows: Total deposits were $5.71 billion at June 30, 2026, an increase of $267.2 million from March 31, 2026. Key changes in deposits were as follows: Wealth Management revenue totaled $8.8 million in the second quarter of 2026. Assets under administration were $4.78 billion at June 30, 2026, compared to $4.47 billion at March 31, 2026, driven primarily by improved market performance. Net Interest Margin Net interest margin was 3.98%, up seven basis points compared to the first quarter of 2026, driven primarily by a favorable shift in investment securities mix, a one basis point increase in loan yields, and a continued decline in funding costs. The cost of deposits decreased three basis points to 1.78% in the second quarter of 2026, as a result of continued pricing discipline. The following table presents the Company’s net interest margin for the second quarter of 2026 compared to the first quarter of 2026 and the second quarter of 2025. Trends in Noninterest Income and Expense Noninterest income was $23.8 million for the second quarter of 2026 compared to $22.1 million for the first quarter of 2026. Noninterest income for the first quarter of 2026 included $2.1 million of gains from the sale of the Company’s residential servicing portfolio and a portion of the Company’s commercial servicing portfolio, losses of $1.7 million from the sale of investment securities, and a $1.7 million loss related to our limited partnership investments. Excluding these transactions, noninterest income for the first quarter of 2026 was $23.5 million. Noninterest expense remained relatively flat for the second quarter of 2026 at $50.8 million compared to $50.4 million for the first quarter of 2026. Income tax expense was $5.9 million, resulting in an effective tax rate of 22.9% for the second quarter of 2026 compared to 23.4% and 19.1% for the first quarter of 2026 and second quarter of 2025, respectively. We currently expect our effective tax rate to be approximately 23% for the full year, subject to changes in earnings mix, state tax legislation, and other factors. Continued Progress on Credit Quality Loans 30-89 days past due decreased to $11.0 million, or 0.26% of total loans, at June 30, 2026, compared to $20.3 million, or 0.47% of total loans, at March 31, 2026. Substandard accruing loans decreased by $20.4 million to $71.5 million at June 30, 2026. Nonperforming loans increased to $60.9 million, or 1.43% of total loans, at June 30, 2026, compared to $58.8 million, or 1.36% of total loans, at March 31, 2026. Net charge-offs were $12.5 million for the second quarter of 2026, including an $8.6 million charge-off on a previously identified nonperforming commercial real estate relationship in our Community Bank portfolio. The charge-off reflects the execution of a resolution strategy for the relationship following the borrower’s acceptance of a purchase agreement for the underlying collateral. Provision for credit losses on loans was $7.1 million for the second quarter of 2026, driven primarily by the replenishment of reserve balances resulting from the net charge-off activity during the quarter, partially offset by improved credit quality metrics, including favorable past due and delinquency trends, and anticipated continued runoff of our specialty finance and non-core loan portfolios. Allowance for credit losses on loans was $62.5 million, or 1.47% of total loans, at June 30, 2026, compared to an allowance of $67.9 million, or 1.56% of total loans, at March 31, 2026. The table below summarizes certain information regarding the Company’s loan portfolio asset quality for the periods presented. Capital As previously announced, the Company’s board of directors authorized a share repurchase program, pursuant to which the Company was authorized to repurchase up to $45.0 million of its common stock through December 31, 2026. During the second quarter of 2026, the Company repurchased $2.7 million of its common stock (113,208 shares of its common stock at a weighted average price of $24.05), resulting in approximately $24.9 million in remaining repurchase authority under the program. The Company and Midland States Bank exceeded all regulatory capital requirements under Basel III, and Midland States Bank met the qualifications to be a ‘‘well-capitalized’’ financial institution, as summarized in the following table: About Midland States Bancorp, Inc. Midland States Bancorp, Inc. is a community-based financial holding company headquartered in Effingham, Illinois, and is the sole shareholder of Midland States Bank. As of June 30, 2026, the Company had total assets of approximately $6.70 billion, and its Wealth Management Group had assets under administration of approximately $4.78 billion. The Company provides a full range of commercial and consumer banking products and services, merchant credit card services, trust and investment management, insurance and financial planning services. For additional information, visit https://www.midlandsb.com/ or https://www.linkedin.com/company/midland-states-bank. Non-GAAP Financial Measures Some of the financial measures included in this press release are not measures calculated in accordance with GAAP. These non-GAAP financial measures include “Adjusted pre-provision net revenue,” “Adjusted pre-provision net revenue to average assets,” “Adjusted earnings,” “Adjusted earnings available to common shareholders,” “Adjusted diluted earnings per common share,” “Return on average tangible common equity,” “Efficiency ratio,” “Tangible common equity to tangible assets,” and “Tangible book value per share.” The Company believes these non-GAAP financial measures provide both management and investors a more complete understanding of the Company’s profitability and asset profile, and that the tangible asset-based measures are commonly used by investors in evaluating value of financial institutions and their equity securities. These non-GAAP financial measures are supplemental and are not a substitute for any analysis based on GAAP financial measures. Not all companies use the same calculation of these measures; therefore, the measures in this press release may not be comparable to other similarly titled measures as presented by other companies. Forward-Looking Statements Readers should note that in addition to the historical information contained herein, this press release includes "forward-looking statements" within the meanings of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including but not limited to statements about the Company’s plans, objectives, future performance, goals and future earnings levels, including currently anticipated levels of noninterest income and operating expenses. These statements are subject to many risks and uncertainties, including changes in interest rates and other general economic, business and political conditions; the impact of federal trade policy, inflation, deposit volatility and potential regulatory developments; the performance of our loan portfolio and our ability to manage credit risk; changes in the financial markets; the effects of armed conflict, including the scope and duration of disruptions in global energy markets relating to war in the Middle East; changes in the business environment resulting from the adoption of artificial intelligence, including fraud and cybersecurity risk; operational risks, including with respect to fraud and information technology; changes in business plans as circumstances warrant; changes to U.S. and state tax laws, regulations and guidance; and other risks detailed from time to time in filings made by the Company with the Securities and Exchange Commission, including the risk factors set forth in our Annual Report on Form 10-K for the year ended December 31, 2025, which are incorporated herein by reference. Readers should note that the forward-looking statements included in this press release are not a guarantee of future events, and that actual events may differ materially from those made in or suggested by the forward-looking statements. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "will," “should,” "propose," "may," "plan," "seek," "expect," "intend," "estimate," "anticipate," "believe," "continue," “outlook,” “trends,” or similar terminology. Any forward-looking statements presented herein are made only as of the date of this press release, and the Company does not undertake any obligation to update or revise any forward-looking statements to reflect changes in assumptions, the occurrence of unanticipated events, or otherwise. CONTACTS:Jeffrey G. Ludwig, President and CEO, at [email protected] or (217) 342-7321Claire A. Stack, Chief Financial Officer, at [email protected] or (217) 342-7321 A PDF accompanying this announcement is available at: http://ml.globenewswire.com/Resource/Download/50d57e9d-7816-49fc-8392-1535351bc127

Midland States Bancorp (MSBI) came out with quarterly earnings of $0.82 per share, beating the Zacks Consensus Estimate of $0.78 per share. This compares to earnings of $0.44 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +5.13%. A quarter ago, it was expected that this company would post earnings of $0.6 per share when it actually produced earnings of $0.79, delivering a surprise of +31.67%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. Midland States Bancorp, which belongs to the Zacks Banks - Northeast industry, posted revenues of $83.36 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 3.29%. This compares to year-ago revenues of $82.23 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Midland States Bancorp shares have added about 45.7% since the beginning of the year versus the S&P 500's gain of 9.6%. While Midland States Bancorp has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Midland States Bancorp was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #1 (Strong Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.79 on $81.35 million in revenues for the coming quarter and $3.17 on $324.85 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Northeast is currently in the top 37% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, CB Financial Services (CBFV), has yet to report results for the quarter ended June 2026. This holding company for Pennsylvania-based Community Bank is expected to post quarterly earnings of $0.75 per share in its upcoming report, which represents a year-over-year change of +1.4%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. CB Financial Services' revenues are expected to be $15.5 million, up 15.1% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Midland States Bancorp, Inc. (MSBI) : Free Stock Analysis Report CB Financial Services, Inc. (CBFV) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Midland States Bancorp (MSBI) reported $83.36 million in revenue for the quarter ended June 2026, representing a year-over-year increase of 1.4%. EPS of $0.82 for the same period compares to $0.44 a year ago. The reported revenue represents a surprise of +3.29% over the Zacks Consensus Estimate of $80.7 million. With the consensus EPS estimate being $0.78, the EPS surprise was +5.13%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. Here is how Midland States Bancorp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Net Interest Margin: 4% versus the two-analyst average estimate of 3.9%. Net charge-offs to average loans (annualized): 1.2% versus the two-analyst average estimate of 0.6%. Efficiency Ratio: 60.6% versus the two-analyst average estimate of 63.1%. Average Balance - Total interest-earning assets: $6.03 billion compared to the $6.06 billion average estimate based on two analysts. Residential mortgage banking revenue: $0.69 million versus $0.91 million estimated by two analysts on average. Wealth management revenue: $8.77 million versus $8.05 million estimated by two analysts on average. Net Interest Income (FTE)/Adjusted net interest income: $59.8 million compared to the $58.89 million average estimate based on two analysts. Total Noninterest Income: $23.77 million versus $21.34 million estimated by two analysts on average. Service charges on deposit accounts: $3.45 million versus the two-analyst average estimate of $3.3 million. Interchange revenue: $3.55 million versus the two-analyst average estimate of $3.73 million. View all Key Company Metrics for Midland States Bancorp here>>> Shares of Midland States Bancorp have returned +2.2% over the past month versus the Zacks S&P 500 composite's +0.4% change. The stock currently has a Zacks Rank #1 (Strong Buy), indicating that it could outperform the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Midland States Bancorp, Inc. (MSBI) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research