Midland States Bancorp Inc reports results for the quarter ended in September 30 - Earnings Summary

Midland States Bancorp

27/10/2024 15:46

* Midland States Bancorp Inc  MSBI.OQ  reported quarterly
adjusted
earnings of 74 cents​​ per share for the quarter ended September
30, higher than the same quarter last year, when the company
reported EPS of 41 cents.  The mean expectation of five analysts
for the quarter was for earnings of 64 cents per share. Wall
Street expected results to range from 58 cents to 66 cents per
share.
    * Revenue fell 3.2% to $74.29 million from a year ago;
analysts
expected $73.07 million. 
    * Midland States Bancorp Inc's reported EPS for the quarter
was 74
cents​.
    * The company reported quarterly net income of $18.48
million.
    * Midland States Bancorp Inc shares had risen by 2.6% this
quarter and lost 16.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 11%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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 $24.50 
This summary was machine generated from LSEG data October 27 at
03:46 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
 Sep. 30 2024      0.64           0.74           Beat
 Jun. 30 2024      0.70           0.20           Missed
 Mar. 31 2024      0.73           0.53           Missed
 Dec. 31 2023      0.79           0.84           Beat