Midland States Bancorp Q1 adjusted EPS beats estimates

Midland States Bancorp

23/04/2026 21:41

Overview

U.S. community bank's Q1 adjusted EPS and net income beat analyst expectations

Net interest margin expanded to 3.91%, driven by lower funding costs

Company repurchased $7.8 mln of common stock during the quarter

Outlook

Midland expects full-year effective tax rate of about 22%-23%

Company says nonperforming assets are trending toward 0.75% target

Growth in Community Bank segment remains a key priority for 2026

Result Drivers

NET INTEREST MARGIN - Margin rose to 3.91%, driven primarily by lower funding costs and a decline in deposit costs

COMMUNITY BANK LOAN GROWTH - Community Bank balances increased $68.8 mln, supported by expansion of commercial client relationships

CREDIT QUALITY IMPROVEMENT - Nonperforming assets and provision for credit losses declined, reflecting actions to strengthen credit quality

Company press release: ID:nGNX8ZW95f

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Adjusted EPS
Beat
$0.79
$0.62 (4 Analysts)
Q1 EPS
$0.74
Q1 Adjusted Net Income
Beat
$17.20 mln
$13.23 mln (5 Analysts)
Q1 Net Interest Margin (%)
3.91%


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 $24.00, about 4% above its April 22 closing price of $23.07

The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 8 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)