Midland States Bancorp Q2 net income rises, margin expands

Midland States Bancorp

23/07/2026 21:45

    

    Overview
  
US community bank's Q2 net income rose from prior quarter and yr-ago period
Net interest margin expanded to 3.98%, supported by favorable loan repricing and asset optimization
Company repurchased $2.7 mln of stock in Q2 under existing buyback program

    

    Outlook
  
Company expects full-year effective tax rate to be about 23%
Midland States Bancorp remains focused on disciplined growth in Community Bank and wealth management

    

    Result Drivers
  
NET INTEREST MARGIN EXPANSION - Co said margin rose due to favorable loan repricing, a shift in investment securities mix, and lower funding costs
LOAN PORTFOLIO CHANGES - Community Bank loan balances grew modestly, but total loans fell due to planned runoff in specialty finance and non-core portfolios
DEPOSIT GROWTH - Retail and commercial deposit growth was driven by new accounts from targeted initiatives; higher-cost brokered deposits declined

    
Company press release: ID:nGNX41SZ2c

    

    Key Details
  

            Metric
          

            Beat/Miss
          

            Actual
          

            Consensus Estimate
          
Q2 EPS
 
$0.82
 
Q2 Net Interest Margin (%)
 
3.98%
 

    

    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 $30.00, about 2.8% below its July 22 closing price of $30.85
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 8 three months ago

    

    Reuters Recommended Reads
  
July 23 - Civista Bancshares Q2 profit rises 30%, interest margin expands
July 21 - TrustCo Bank Q2 net interest income rises driven by loan repricing 
July 23 - South Atlantic Bancshares Q2 profit rises on loan growth, lower funding costs

    
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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.)