EFFINGHAM, Ill., Feb. 03, 2026 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (Nasdaq: MSBI) (the “Company”) announced today that Patriot Financial Partners, L.P. (“Patriot”) acquired a position in the Company’s common stock through open-market purchases. The Company has agreed to add James F. Deutsch to its Board of Directors effective February 3, 2026. Mr. Deutsch has also been appointed to the Board of Midland States Bank, the Company’s wholly-owned bank subsidiary. Mr. Deutsch currently serves as a pa ...

Investors might want to bet on Midland States Bancorp (MSBI) , as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Th ...

Midland States Bancorp, Inc. (NASDAQ: MSBI) reported an earnings per share (EPS) of -$0.24, missing the estimated EPS of $0.70, indicating financial challenges.The company generated a revenue of approximately $85.79 million, surpassing the estimated revenue and showing a 13.2% increase year-over-year.Despite losses, MSBI's adjusted earnings and revenue growth suggest potential for recovery, with a price-to-sales ratio of about 0.98 and an enterprise value to sales ratio of 2.11.Midland States Bancorp, Inc. ...

Midland States Bancorp (MSBI) came out with quarterly earnings of $0.53 per share, missing the Zacks Consensus Estimate of $0.7 per share. This compares to a loss of $2.52 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -24.29%. A quarter ago, it was expected that this company would post earnings of $0.61 per share when it actually produced earnings of $0.24, delivering a surprise of -60.66%.Over the last four quarters, the co ...

Core Insights - Midland States Bancorp reported a net loss of $5.1 million, or $0.24 per diluted share, for Q4 2025, contrasting with a net income of $5.3 million, or $0.24 per diluted share, in Q3 2025, and a net loss of $33.0 million, or $1.52 per diluted share, in Q4 2024 [1][8][21] Financial Performance - The financial results for Q4 2025 included a loss of $21.4 million from the sale of the equipment finance portfolio and a $1.6 million loss from a small consumer loan portfolio. Adjusted earnings, excluding these losses, were $11.9 million, or $0.53 per diluted share [2][8] - The net interest margin for Q4 2025 was 3.74%, down from 3.79% in Q3 2025, but showed an increase of 5 basis points when excluding interest recoveries from the previous quarter [8][16] - Noninterest income increased to $26.9 million in Q4 2025 from $20.0 million in Q3 2025, driven by $6.6 million in additional credit enhancement income [22] Asset Quality and Loan Portfolio - The ratio of nonperforming assets to total assets was 1.02%, consistent with the prior quarter, while nonperforming loans decreased to $65.5 million from $68.7 million in Q3 2025 [8][9] - Total loans decreased to $4.35 billion, a reduction of $515.6 million from Q3 2025, primarily due to the sale of the equipment finance portfolio [14] - The provision for credit losses on loans was $11.8 million for Q4 2025, down from $20.5 million in Q3 2025, reflecting a replenishment of reserves following higher net charge-offs [13][21] Capital Position - The common equity tier 1 capital ratio improved to 9.89%, approaching the target of 10.0%. The total capital to risk-weighted assets ratio was 15.16% [6][25] - The company repurchased $9.6 million of common stock during Q4 2025, with approximately $15 million remaining under the share repurchase program [6][24] Business Outlook - The company aims to continue improving credit quality and has taken significant steps to reduce risk in its loan portfolio while enhancing its balance sheet without raising additional capital [5] - Revenue trends remain positive, with a strong net interest margin and approximately 6.5% annualized loan growth in the Community Bank, alongside record performance in the wealth management business [7][12]

Financial Performance - Net loss available to common shareholders was $5.1 million, or $0.24 per diluted share, for Q4 2025, compared to a net income of $5.3 million, or $0.24 per diluted share, for Q3 2025[2] - Adjusted earnings available to common shareholders were $11.9 million, or $0.53 per diluted share, for Q4 2025, excluding a $21.4 million loss on the sale of the equipment finance portfolio[3] - Net income (loss) for the quarter was $(2,888) thousand, compared to a profit of $7,557 thousand in the prior quarter, indicating a significant decline[33] - Basic earnings (loss) per common share was $(0.24), down from $0.24 in the previous quarter, reflecting a substantial decrease[33] - Adjusted diluted earnings per common share for Q4 2025 was $0.53, compared to $0.24 in Q3 2025, representing a substantial increase of 120.8%[37] Loan and Deposit Activity - Total loans decreased by $515.6 million to $4.35 billion at December 31, 2025, primarily due to the sale of the equipment finance portfolio[15] - Community Bank originated $180 million in new loans during Q4 2025, with a 6.5% annualized loan growth[9] - Total loans, net decreased to $4,282,785 thousand from $4,766,701 thousand in the previous quarter, a decline of approximately 10.1%[31] - Total loans decreased to $4,352,004 thousand as of December 31, 2025, down from $5,167,574 thousand a year earlier, representing a decline of approximately 15.7%[35] - Total deposits decreased to $5,424,379 thousand, down from $5,604,825 thousand in the previous quarter, representing a decrease of about 3.2%[31] - Total deposits decreased to $5,424,379 thousand as of December 31, 2025, down from $6,197,243 thousand a year earlier, a decline of approximately 12.5%[35] Credit Losses and Provisions - Provision for credit losses on loans was $11.8 million for Q4 2025, down from $20.5 million in Q3 2025[7] - The provision for credit losses in Q4 2025 was $11,625 thousand, compared to $20,005 thousand in Q3 2025, showing a decrease of 41.9%[38] - The allowance for credit losses on loans decreased to $69.2 million, or 1.59% of total loans, from $100.9 million, or 2.07%, at the end of Q3 2025[11] Revenue and Expenses - Noninterest income for the fourth quarter of 2025 was $26.9 million, up from $20.0 million in the third quarter of 2025[22] - Total noninterest income increased to $26,867 thousand, up from $20,016 thousand in the prior quarter, marking an increase of about 34.1%[33] - Noninterest expense increased to $77.2 million in the fourth quarter of 2025, compared to $49.8 million in the third quarter of 2025[22] - Total noninterest expense rose to $77,192 thousand, significantly higher than $49,814 thousand in the previous quarter, representing an increase of approximately 55%[33] Asset Management - Wealth Management revenue totaled $8.3 million in Q4 2025, with assets under administration increasing to $4.48 billion[15] - The company’s Wealth Management Group had assets under administration of approximately $4.48 billion as of December 31, 2025[25] Capital and Equity - The company repurchased $9.6 million of common stock during the quarter, reflecting a strong capital position[8] - As of December 31, 2025, total capital to risk-weighted assets was 14.27%, exceeding the minimum regulatory requirement of 10.50%[23] - Total shareholders' equity decreased to $565,499,000 as of December 31, 2025, from $584,001,000 in September 2025[41] - Tangible common equity stood at $438,148,000 as of December 31, 2025, compared to $455,907,000 in September 2025[41] Asset Quality - Nonperforming assets to total assets ratio remained stable at 1.02% in Q4 2025, consistent with the prior quarter[7] - Tangible Common Equity to Tangible Assets Ratio increased to 6.75% as of December 31, 2025, up from 6.61% in September 2025[41] Efficiency Metrics - The efficiency ratio for the fourth quarter of 2025 was 63.11%, compared to 61.25% in the third quarter of 2025[21] - The efficiency ratio for Q4 2025 was reported at 63.11%, an increase from 61.25% in Q3 2025, indicating a decline in operational efficiency[40]

Wall Street analysts forecast that Midland States Bancorp (MSBI) will report quarterly earnings of $0.70 per share in its upcoming release, pointing to a year-over-year increase of 127.8%. It is anticipated that revenues will amount to $78.5 million, exhibiting an increase of 3.8% compared to the year-ago quarter.The consensus EPS estimate for the quarter has been revised 4% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated the ...

Core Viewpoint - Midland States Bancorp, Inc. will release its fourth quarter 2025 financial results on January 22, 2026, after market close, along with an investor presentation [1] Company Overview - Midland States Bancorp, Inc. is a community-based financial holding company located in Effingham, Illinois, and is the sole shareholder of Midland States Bank [2] - As of September 30, 2025, the company reported total assets of approximately $6.91 billion and its Wealth Management Group had assets under administration of approximately $4.36 billion [2] - The company offers a comprehensive range of commercial and consumer banking products and services, including merchant credit card services, trust and investment management, insurance, and financial planning services [2]

Group 1 - Midland States Bancorp, Inc. (MSBI) has reached a key level of support, indicating a potential investment opportunity from a technical perspective [1] - A "golden cross" has occurred, with MSBI's 50-day simple moving average crossing above its 200-day simple moving average, suggesting a potential bullish breakout [1] - Over the past four weeks, MSBI has gained 31.9%, and it currently holds a 3 (Hold) rating on the Zacks Rank, indicating the stock could be poised for further upward movement [3] Group 2 - The golden cross pattern consists of three stages: a downtrend that bottoms out, a crossover of the shorter moving average over the longer one, and an upward price trend [2] - There have been no downward changes in earnings expectations for MSBI over the past 60 days, with the Zacks Consensus Estimate moving up, reinforcing the bullish outlook [3] - Investors are encouraged to consider adding MSBI to their watchlist due to the significant technical indicator and positive earnings estimate trends [4]

Core Insights - Midland States Bancorp, Inc. has sold its equipment finance portfolio to North Mill Equipment Finance LLC for $502 million in cash, closing the transaction on November 28, 2025 [1][2] - The sale aligns with the company's strategy to focus on community banking operations and is expected to be accretive to capital while being approximately neutral to earnings [4] Financial Details - The equipment finance portfolio sold consisted of approximately $599 million in loans and leases outstanding, with a net amount of $565 million after accounting for credit losses, and included $21 million of operating leases [2] - The company will retain approximately $75 million of loans and leases, resulting in a total reduction of approximately $545 million in loans and leases compared to October 31, 2025 [2] - A pre-tax loss on the sale, including transaction-related expenses, is expected to be around $20 million in the fourth quarter of 2025 [3] Strategic Focus - The transaction is part of the company's strategy to improve its credit profile and redeploy capital more effectively, enhancing its balance sheet and reducing exposure to higher-risk asset classes [4] - The company ceased originating new equipment finance loans and leases as of September 30, 2025, further emphasizing its shift towards community banking and wealth management [4] Company Background - Midland States Bancorp, Inc. is a community-based financial holding company with total assets of approximately $6.91 billion as of September 30, 2025, and its Wealth Management Group manages assets under administration of about $4.36 billion [5] - The company offers a full range of commercial and consumer banking products, including trust and investment management, insurance, and financial planning services [5] North Mill Equipment Finance LLC - North Mill Equipment Finance LLC is a national lender that primarily finances small- to mid-ticket commercial equipment leases and loans, serving businesses across various industries [6]