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

Midland States Bancorp

28/07/2023 05:20

* Midland States Bancorp Inc  MSBI.OQ  reported quarterly
adjusted
earnings of 87 cents​​ per share for the quarter ended in June.
The mean expectation of five analysts for the quarter was
for earnings of 80 cents per share.
    * Revenue rose 2.2% to $77.59 million from a year ago;
analysts
expected $76.73 million. 
    * Midland States Bancorp Inc's reported EPS for the quarter
was 86
cents​.
    * The mean earnings estimate of analysts had fallen by
about 2.3%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * Midland States Bancorp Inc shares had risen by 17.4% this
quarter and lost 12.2% so far this year.
    * The company reported quarterly net income of $19.35
million.
    * Wall Street's median 12-month price target for Midland
States
Bancorp Inc is $22.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data July
28 at 04:20 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.80           0.87           Beat
 Mar. 31 2023      0.82           0.88           Beat
 Dec. 31 2022      0.92           1.30           Beat
 Sep. 30 2022      1.01           1.04           Beat