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

Midland States Bancorp

25/01/2024 22:56

* Midland States Bancorp Inc  MSBI.OQ  reported quarterly
adjusted
earnings of 84 cents​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of $1.30.  The mean expectation of
five analysts for the quarter was for earnings of 79 cents per
share. Wall Street expected results to range from 78 cents to 80
cents per share.
    * Revenue fell 19.3% to $78.59 million from a year ago;
analysts
expected $75.49 million. 
    * Midland States Bancorp Inc's reported EPS for the quarter
was 84
cents​.
    * The company reported quarterly net income of $18.48
million.
    * Midland States Bancorp Inc shares had fallen by 2.2% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 10.4%
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 $27.00 
This summary was machine generated from LSEG data January 25 at
10:56 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 2023      0.79           0.84           Beat
 Sep. 30 2023      0.77           0.41           Missed
 Jun. 30 2023      0.80           0.87           Beat
 Mar. 31 2023      0.82           0.88           Beat