Midland States Bancorp Inc reports results for the quarter ended December 31 - Earnings Summary

Midland States Bancorp

23/01/2025 23:33

* Midland States Bancorp Inc  MSBI.OQ  reported a quarterly
adjusted loss of $2.17​​ per share for the quarter ended
December 31, lower than the same quarter last year, when the
company reported EPS of 84 cents.  The mean expectation of
five analysts for the quarter was for earnings of 68 cents per
share. Wall Street expected results to range from 64 cents to 73
cents per share.
    * Revenue fell 3.8% to $75.60 million from a year ago;
analysts
expected $73.58 million. 
    * Midland States Bancorp Inc's reported EPS for the quarter
was a
loss of $2.52​.
    * The company reported a quarterly loss of $54.77 million.
    * Midland States Bancorp Inc shares had risen by 0.4% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 7.8%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
also "hold"

Wall Street's median 12-month price target for Midland States
Bancorp Inc is $28.25 
This summary was machine generated from LSEG data January 23 at
11:33 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2024      0.68           -2.17          Missed
 Sep. 30 2024      0.64           0.74           Beat
 Jun. 30 2024      0.70           0.20           Missed
 Mar. 31 2024      0.73           0.53           Missed