Midland States Bancorp, Inc. Announces 2026 Third Quarter Results
Midland States Bancorp reported Q3 2026 net income available to common shareholders of $20.6 million, or $0.95 per diluted share, up from $0.82 in the prior quarter and $0.24 a year ago. Net interest margin expanded five basis points to 4.03%, ROAA was 1.35% and ROTCE reached 18.50%, helped by a $1.6 million interest recovery and continued non-core runoff. Credit quality continued to improve: net charge-offs fell to $5.4 million, nonperforming assets declined to 0.86% of total assets, and the provision for credit losses dropped to $3.7 million.
Key figures
- Eps
- 0.95
- Guidance
- Effective tax rate expected to be approximately 23% for full year 2026
- Roaa
- 1.35%
- Rotce
- 18.50%
- Cet1 ratio
- 10.36%
- Total loans
- $4.28 billion
- Year ago eps
- 0.24
- Total deposits
- $5.62 billion
- Net charge offs
- 5400000
- Prior quarter eps
- 0.82
- Noninterest income
- 23200000
- Net interest margin
- 4.03%
- Noninterest expense
- 52800000
- Nonperforming assets ratio
- 0.86%
- Provision for credit losses
- 3700000
- Tangible book value per share
- 19.52
- Net income available to common
- 20600000
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