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Midland States Bancorp (MSBI) Reports Q3 Earnings: What Key Metrics Have to Say
ZACKS· 2024-10-24 23:36
Midland States Bancorp (MSBI) reported $74.29 million in revenue for the quarter ended September 2024, representing a year-over-year decline of 3.2%. EPS of $0.74 for the same period compares to $0.78 a year ago.The reported revenue represents a surprise of +1.91% over the Zacks Consensus Estimate of $72.9 million. With the consensus EPS estimate being $0.63, the EPS surprise was +17.46%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare ...
Midland States Bancorp (MSBI) Surpasses Q3 Earnings and Revenue Estimates
ZACKS· 2024-10-24 23:01
Midland States Bancorp (MSBI) came out with quarterly earnings of $0.74 per share, beating the Zacks Consensus Estimate of $0.63 per share. This compares to earnings of $0.78 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 17.46%. A quarter ago, it was expected that this company would post earnings of $0.72 per share when it actually produced earnings of $0.20, delivering a surprise of -72.22%.Over the last four quarters, the ...
Midland States Bancorp(MSBI) - 2024 Q3 - Quarterly Results
2024-10-24 20:33
EXHIBIT 99.1 1 Midland States Bancorp, Inc. Announces 2024 Third Quarter Results Third Quarter 2024 Highlights: • Net income available to common shareholders of $16.2 million, or $0.74 per diluted share • Adjusted pre-tax, pre-provision earnings of $27.5 million • Tangible book value per share increased to $24.90, compared to $23.36 at June 30, 2024 • Common equity tier 1 capital ratio improved to 9.00%, compared to 8.64% at June 30, 2024 • Net interest margin of 3.10%, compared to 3.12% in prior quarter • ...
Is Midland States Bancorp (MSBI) a Great Value Stock Right Now?
ZACKS· 2024-10-23 14:46
Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use fundamental analysis and ...
Should Value Investors Buy Midland States Bancorp (MSBI) Stock?
ZACKS· 2024-10-07 14:45
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks. Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks. Zacks has developed the inn ...
Midland States Bancorp(MSBI) - 2024 Q2 - Quarterly Report
2024-08-08 21:14
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading symbol(s) Name of each exchange on which registered Common stock, $0.01 par value MSBI The Nasdaq Stock Market LLC Depositary Shares, each representing a 1/40th interest in a share of 7.75% fixed rate reset non-cumulative perpetual preferred stock, Series A MSBIP The Nasdaq Stock Market LLC FORM 10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly per ...
Midland States Bancorp, Inc. Announces Common Stock and Preferred Stock Dividends
Newsfilter· 2024-08-06 20:15
EFFINGHAM, Ill., Aug. 06, 2024 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ: MSBI) announced today that its Board of Directors declared a quarterly cash dividend of $0.31 per share of its common stock. The dividend is payable on August 23, 2024 to all shareholders of record as of the close of business on August 16, 2024. The Board of Directors also declared a cash dividend of $0.4844 per depository share on its 7.75% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A. The divide ...
Compared to Estimates, Midland States Bancorp (MSBI) Q2 Earnings: A Look at Key Metrics
ZACKS· 2024-07-26 00:35
The reported revenue represents a surprise of -2.93% over the Zacks Consensus Estimate of $74.9 million. With the consensus EPS estimate being $0.72, the EPS surprise was -72.22%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. Here is how Midland States Bancorp performed in the just reported quarter in terms of the met ...
Midland States Bancorp (MSBI) Q2 Earnings and Revenues Lag Estimates
ZACKS· 2024-07-25 23:25
This quarterly report represents an earnings surprise of -72.22%. A quarter ago, it was expected that this company would post earnings of $0.71 per share when it actually produced earnings of $0.53, delivering a surprise of -25.35%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earni ...
Midland States Bancorp(MSBI) - 2024 Q2 - Quarterly Results
2024-07-25 20:53
EXHIBIT 99.1 Midland States Bancorp, Inc. Announces 2024 Second Quarter Results • Net income available to common shareholders of $4.5 million, or $0.20 per diluted share • Tangible book value per share decreased to $23.36, compared to $23.44 at March 31, 2024 • Net interest margin of 3.12%, compared to 3.18% in prior quarter Effingham, IL, July 25, 2024 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (Nasdaq: MSBI) (the "Company") today reported net income available to common shareholders of $4.5 million, ...