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

Midland States Bancorp

27/04/2023 23:23

* Midland States Bancorp Inc  MSBI.OQ  reported quarterly
adjusted
earnings of 88 cents​​ per share for the quarter ended in March.
The mean expectation of five analysts for the quarter was
for earnings of 82 cents per share.
    * Revenue rose 5.3% to $76.28 million from a year ago;
analysts
expected $77.62 million. 
    * Midland States Bancorp Inc's reported EPS for the quarter
was 86
cents​.
    * The mean earnings estimate of analysts had fallen by
about 6% in
the last three months.​ 
    * In the last 30 days, four analysts negatively revised
earnings
estimates 
    * Midland States Bancorp Inc shares had fallen by 10.0% this
quarter and lost 27.6% so far this year.
    * The company reported quarterly net income of $19.54
million.
    * Wall Street's median 12-month price target for Midland
States
Bancorp Inc is $24.25 
    * 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
April 27 at 10:22 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.82           0.88           Beat
 Dec. 31 2022      0.92           1.30           Beat
 Sep. 30 2022      1.01           1.04           Beat
 Jun. 30 2022      0.93           0.97           Beat