Midland States Bancorp, Inc. (MSBI) Form 8-K — Oct 22, 2026
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 earlier. Net interest margin expanded five basis points to 4.03%, helped by a $1.6 million interest recovery on a nonaccrual loan payoff, while nonperforming assets fell to 0.86% of total assets and net charge-offs moderated to $5.4 million. Total loans grew $39.1 million to $4.28 billion with Community Bank growth of 2.8% annualized, though deposits declined $89.8 million on deliberate retail balance reductions.
Key figures
- Eps
- 0.95
- Guidance
- Effective tax rate expected ~23% for full year; near-term quarterly operating expense run-rate expected ~$50.0 to $52.0 million; credit enhancement income expected ~$2.5 to $3.0 million per quarter near term
- Net Income
- $20.6 million (available to common shareholders)
- Total Assets
- $6.82 billion
- Cash Position
- $99.6 million cash and equivalents
- Shares Outstanding
- 20801859
- Roaa
- 1.35%
- Roatce
- 18.50%
- Cet1 ratio
- 10.36%
- Total loans
- $4.28 billion
- Year ago eps
- $0.24
- Total deposits
- $5.62 billion
- Net charge offs
- $5.4 million
- Efficiency ratio
- 61.34%
- Prior quarter eps
- $0.82
- Net interest margin
- 4.03%
- Share repurchase remaining
- $24.8 million of $45.0 million program
- Provision for credit losses
- $3.7 million
- Nonperforming assets to assets
- 0.86%
AI analysis
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