Midland States Bancorp Q3 EPS beats estimates on loan growth, improved credit

Midland States Bancorp

22/10/2026 21:42

Overview
U.S. community bank's Q3 adjusted EPS rose, beating analyst expectations
Net interest margin improved to 4.03%, aided by $1.6 mln interest recovery
Company repurchased $10.6 mln in stock YTD under $45 mln buyback program

Outlook
Company expects effective tax rate to be about 23% for full yr 2026
Company remains focused on profitable relationship growth and continued credit normalization

Result Drivers
INTEREST RECOVERY - Net interest margin benefited from a $1.6 mln interest recovery on the payoff of a nonaccrual loan
COMMUNITY BANK LOAN GROWTH - Community Bank loan balances grew by $23.7 mln, or 2.8% annualized, during the qtr
CREDIT QUALITY IMPROVEMENT - Nonperforming assets and past-due loans declined, and net charge-offs moderated from the prior qtr

Company press release: ID:nGNX4svx47

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Adjusted EPS
Beat
$0.95
$0.88 (5 Analysts)
Q3 EPS
 
$0.95
 
Q3 Net Interest Income
 
$62.70 mln
 
Q3 Net Interest Margin (%)
 
4.03%
 

Analyst Coverage
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 "buy."
Wall Street's median 12-month price target for Midland States Bancorp Inc is $33.50, about 2.8% above its October 21 closing price of $32.59

Reuters Recommended Reads
Oct 22 - Huntington Bancshares Q3 EPS unchanged, net interest income up 
Oct 20 - KeyCorp Q3 revenue rises 8% to record, profit up 24%
Oct 21 - Pinnacle Financial Partners Q3 adjusted profit beats estimates on loan, fee income growth

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)