Thrivent Financial for Lutherans lessened its stake in shares of Midland States Bancorp, Inc. (NASDAQ:MSBI – Free Report) by 67.9% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 14,663 shares of the financial services provider’s stock after selling 31,031 shares during the period. Thrivent Financial for Lutherans owned 0.07% of Midland States Bancorp worth $251,000 as of its most recent filing with the Securities & Exchang ...

Core Insights - Midland States Bancorp, Inc. (NASDAQ:MSBI) is recognized among the Dividend Champions, Contenders, and Challengers List, highlighting its strong dividend yield [1] - DA Davidson raised its price target for Midland States Bancorp to $24 from $23 while maintaining a Neutral rating, citing a refocus on community banking and improved credit discipline as potential drivers for future performance [2][8] Financial Performance - In Q4 2025, Midland's earnings fell short of expectations, but management emphasized a commitment to improving credit quality and reducing risk in the loan portfolio [3] - The common equity tier 1 ratio improved to 9.89%, approaching the company's 10% target, and the company repurchased $9.6 million of its common stock during the quarter [4] - The Community Bank segment experienced approximately 6.5% annualized loan growth, supported by a healthy net interest margin, while the wealth management business achieved another record quarter [5] Strategic Focus - The company is prioritizing improvements in credit quality, having upgraded its credit team and tightened underwriting standards without raising new capital [3] - Management plans to continue investing in core business areas, expecting momentum to carry into 2026 [5]

Core Viewpoint - Midland States Bancorp, Inc. has announced that Patriot Financial Partners, L.P. has acquired a position in the Company's common stock and that James F. Deutsch has been appointed to the Board of Directors [1][3]. Group 1: Company Developments - Patriot Financial Partners, L.P. has made open-market purchases of Midland States Bancorp's common stock [1]. - James F. Deutsch, a partner at Patriot and former CEO of Team Capital Bank, has joined the Board of Directors effective February 3, 2026 [1][2]. - The Company emphasizes the importance of partnering with sophisticated investors like Patriot to enhance shareholder returns and expand its franchise [3]. Group 2: Management Insights - Jeffrey C. Smith, Chairman of the Company, expressed enthusiasm about Mr. Deutsch's appointment and highlighted his extensive experience in the banking industry [3]. - Jeffrey G. Ludwig, President and CEO, noted that the investment from Patriot affirms the Company's direction and mission [3]. - Mr. Deutsch expressed his honor in joining the board and his commitment to assist in executing the Company's future growth strategies [3]. Group 3: Company Overview - Midland States Bancorp, Inc. is a community-based financial holding company headquartered in Effingham, Illinois, with total assets of approximately $6.51 billion as of December 31, 2025 [4]. - The Company's Wealth Management Group manages assets under administration of approximately $4.48 billion [4]. - Midland States Bancorp provides a full range of commercial and consumer banking products and services, including trust and investment management, insurance, and financial planning services [4].

Core Viewpoint - Midland States Bancorp (MSBI) has been upgraded to a Zacks Rank 1 (Strong Buy) due to an upward trend in earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Movement - The Zacks rating system emphasizes the importance of changing earnings estimates in determining near-term stock price movements, making it a valuable tool for investors [2][4]. - The upgrade reflects a positive outlook on Midland States Bancorp's earnings, which could lead to increased buying pressure and a rise in stock price [3][5]. Impact of Institutional Investors - Institutional investors play a role in the relationship between earnings estimates and stock price movements, as they adjust their valuations based on these estimates, leading to buying or selling actions that affect stock prices [4]. Earnings Estimate Revisions - Empirical research indicates a strong correlation between earnings estimate revisions and stock movements, highlighting the importance of tracking these revisions for investment decisions [6]. - The Zacks Rank system effectively utilizes earnings estimate revisions to classify stocks, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [7]. Current Earnings Estimates for Midland States Bancorp - Analysts expect Midland States Bancorp to earn $2.66 per share for the fiscal year ending December 2026, with no year-over-year change, but the Zacks Consensus Estimate has increased by 2.6% over the past three months [8]. Zacks Rating System Overview - The Zacks rating system maintains a balanced distribution of "buy" and "sell" ratings across its universe of over 4,000 stocks, with only the top 5% receiving a "Strong Buy" rating [9]. - The upgrade to Zacks Rank 1 places Midland States Bancorp in the top 5% of Zacks-covered stocks, indicating a strong potential for market-beating returns in the near term [10].

Core Insights - Midland States Bancorp, Inc. (MSBI) reported an earnings per share (EPS) of -$0.24, missing the estimated EPS of $0.70, indicating ongoing financial challenges [2][6] - The company generated revenue of approximately $85.79 million, exceeding the estimated revenue of about $73.64 million, representing a 13.2% year-over-year increase [3][6] - 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 [5][6] Financial Performance - The fourth quarter of 2025 was impacted by a $21.4 million loss from the sale of its equipment finance portfolio and a $1.6 million loss from a small consumer loan portfolio sale [4] - Excluding these transactions, adjusted earnings available to common shareholders were $11.9 million, or $0.53 per diluted share, showing significant improvement from the previous year's loss [4] Financial Ratios - MSBI has a negative price-to-earnings (P/E) ratio of approximately -4.30 and a negative earnings yield of -23.23%, indicating current losses [5] - The company's market value is close to its sales, as indicated by its price-to-sales ratio of about 0.98 and enterprise value to sales ratio of 2.11, suggesting potential for recovery [5][6]

分组1 - Midland States Bancorp (MSBI) reported quarterly earnings of $0.53 per share, missing the Zacks Consensus Estimate of $0.70 per share, compared to a loss of $2.52 per share a year ago, representing an earnings surprise of -24.29% [1] - The company posted revenues of $85.57 million for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 9.01%, and compared to year-ago revenues of $75.6 million [2] - The stock has gained approximately 12.1% since the beginning of the year, outperforming the S&P 500's gain of 0.4% [3] 分组2 - The current consensus EPS estimate for the coming quarter is $0.65 on revenues of $74.15 million, and for the current fiscal year, it is $2.66 on revenues of $300.55 million [7] - The Zacks Industry Rank for Banks - Northeast is currently in the top 33% of over 250 Zacks industries, indicating that the industry outlook can significantly impact stock performance [8]

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]

Core Viewpoint - Analysts forecast that Midland States Bancorp (MSBI) will report quarterly earnings of $0.70 per share, reflecting a year-over-year increase of 127.8%, with anticipated revenues of $78.5 million, an increase of 3.8% compared to the previous year [1]. Earnings Estimates - The consensus EPS estimate has been revised 4% higher over the last 30 days, indicating a collective reevaluation by analysts [2]. - Revisions to earnings estimates are crucial indicators for predicting investor actions regarding the stock, with empirical research showing a strong correlation between earnings estimate trends and short-term price performance [3]. Key Metrics Forecast - Analysts expect 'Net Interest Margin' to be 3.7%, up from 3.2% in the same quarter last year [5]. - 'Net charge-offs to average loans' is forecasted to reach 3.0%, a significant decrease from 7.2% reported in the same quarter last year [5]. - The 'Efficiency Ratio' is expected to be 62.6%, down from 71.4% a year ago [5]. Financial Performance Indicators - The estimated 'Average Balance - Total interest-earning assets' is $6.27 billion, compared to $7.01 billion a year ago [6]. - 'Wealth management revenue' is projected to be $8.05 million, up from $7.66 million in the same quarter last year [6]. - 'Net Interest Income (FTE)/Adjusted net interest income' is expected to reach $58.03 million, compared to $56.26 million a year ago [7]. - 'Total Noninterest Income' is forecasted at $20.08 million, up from $19.56 million in the previous year [7]. Additional Revenue Estimates - 'Service charges on deposit accounts' are expected to be $3.83 million, compared to $3.51 million in the same quarter last year [8]. - The consensus estimate for 'Interchange revenue' stands at $3.23 million, down from $3.53 million a year ago [8]. Market Performance - Over the past month, Midland States Bancorp shares have recorded returns of +3.7%, while the Zacks S&P 500 composite has seen a -0.4% change, indicating potential outperformance in the upcoming period [8].

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]