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

Midland States Bancorp

26/10/2023 23:44

* Midland States Bancorp Inc  MSBI.OQ  reported quarterly
adjusted
earnings of 41 cents​​ per share for the quarter ended in
September. The mean expectation of five analysts for the quarter
was for earnings of 77 cents per share.
    * Revenue fell 3.8% to $76.78 million from a year ago;
analysts
expected $75.57 million. 
    * Midland States Bancorp Inc's reported EPS for the quarter
was 71
cents​.
    * The mean earnings estimate of analysts had risen by
about 0.5%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Midland States Bancorp Inc shares had fallen by 1.1% this
quarter and lost 23.7% so far this year.
    * The company reported quarterly net income of $15.81
million.
    * Wall Street's median 12-month price target for Midland
States
Bancorp Inc is $23.50 
    * 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
October 26 at 10:43 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.77           0.41           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