Midland States Bancorp, Inc. (MSBIP) Earnings
Midland States Bancorp, Inc. is expected to report next earnings on July 23, 2026 (in NaN days), with a consensus EPS estimate of $0.78. MSBIP has beaten EPS estimates in 3 of its last 9 reported quarters (average surprise -800.6% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 23, 2026 | $0.61 | $0.74 | +20.9% | $81M | +7.3% |
| Jan 22, 2026 | $-0.00 | $-0.13 | -3203.7% | $27M | -63.7% |
| Oct 30, 2025 | $0.64 | $0.35 | -46.0% | $116M | +46.2% |
| Sep 8, 2025 | — | $0.55 | — | $65M | — |
| Jun 25, 2025 | — | $-0.05 | — | $182M | +130.0% |
| Jan 23, 2025 | $0.67 | $0.85 | +26.4% | $122M | +66.1% |
| Jul 25, 2024 | $0.70 | $0.31 | -55.6% | $120M | +60.0% |
| Apr 25, 2024 | $0.72 | $0.64 | -11.3% | $122M | +62.4% |
| Jan 25, 2024 | $0.79 | $0.65 | -18.8% | $117M | +55.6% |
| Nov 2, 2023 | $0.77 | $0.52 | -32.6% | $114M | +51.2% |
| Aug 3, 2023 | $0.80 | $0.97 | +21.5% | $118M | +53.6% |
| May 4, 2023 | — | $0.97 | — | $111M | — |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q4 FY2022 · January 27, 2023
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
- 2022 was a successful year with record earnings, ROA 1.31% up from 1.18% in 2021 and ROTE 20.8% up from 17.9% in 2021. - Fourth quarter net income $29.7 million, core earnings adjusted pre-tax pre-provision earnings $33.2 million. - Loan growth with commercial portfolio and Equipment Finance over $1.1 billion, growth in Eastern Illinois and St. Louis loan portfolios. - Wealth Management assets under administration increased, non-interest income included swap gain. - Focus on disciplined expense management,推进BaaS平台, exit GreenSky partnership, strong commercial banking team, investment in wealth management.
Guidance
- Difficult to forecast loan growth but commercial and equipment business to offset GreenSky exit. - GreenSky balances could come down $100 million - $300 million this year. - Wealth management revenue expected to grow. - Focus on keeping expense growth below revenue growth. - Credit quality expected to remain good. - Open to strategic M&A opportunities.
Segment performance
For the fourth quarter, total loans increased to $108 million from the prior quarter, with most growth in commercial and construction portfolios, Equipment Finance contributing to commercial loan growth surpassing $1.1 billion. Total deposits had a small decrease due to declines in non-interest bearing and savings deposits. Net interest income was slightly down as net interest margin decreased 13 basis points. Assets under administration in Wealth Management increased by $150 million. Non-interest income was $33.8 million including $17.5 million gain from termination of forward-starting interest rate swaps. Non-interest expense was up due to MSR loss and other real estate impairment. Non-performing loans increased but net charge-offs were 3 basis points of average loans, provision for credit losses was $3 million.
Risks & headwinds
- Economic recession impact on loan growth and asset quality. - Uncertainty in GreenSky partnership exit. - Risk in BaaS platform partnerships. - Deposit cost increase risk. - Interest rate change impact on net interest margin. - Uncertainty in MSR sale.
Analyst Q&A
Q: Regarding loan growth and GreenSky,
A: GreenSky balances could come down $100 - $300 million this year with commercial and equipment business offsetting.
Q: Fee income outlook,
A: Wealth management revenue expected to grow offsetting MSR sale impact.
Q: Margin outlook,
A: Near-term margin pressure but stable later with Fed rate moves.
Q: Loan loss provision,
A: Expect more provision than current quarter but not dramatic.
Q: BaaS partnerships,
A: Focus on deposit-driven partnerships, slow and right approach. Q:存贷比, A: Loan-to-deposit ratio near 100%, aiming for closer to 90%.
Q: Tax rate,
A: Tax rate likely stable as in fourth quarter.