Midland States Bancorp, Inc. (MSBI) Form 10-Q — Jul 30, 2026
Midland States Bancorp reported net income of $19.9 million, or $0.82 per share, for the second quarter of 2026, a significant increase from $12.0 million, or $0.44 per share, in the prior year quarter. The company successfully reversed a net loss of $129.0 million in the first half of 2025 to a net income of $38.4 million in the first half of 2026, driven by lower credit costs and the absence of prior year impairment charges. Net interest margin improved by 42 basis points to 3.98% for the quarter, supported by a decline in interest expense which fell to $28.6 million from $39.2 million.
Key figures
- Eps
- 0.82
- Revenue
- 117006000
- Net Income
- 19888000
- Total Assets
- 6700616000
- Cash Position
- 298747000
- Total Deposits
- 5707278000
- Total Loans Net
- 4181185000
- Net Interest Income
- 59589000
- Net Interest Margin
- 3.98%
- Allowance To Total Loans
- 1.47%
- Allowance For Credit Losses
- 62519000
- Provision For Credit Losses
- 6819000
Price after filing
Close on the filing date to close N calendar days later (from $33.28). Historical, not a forecast.
AI analysis
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