MIDLAND STS(MSBIP) - 2025 Q3 - Quarterly Results

EXHIBIT 99.1 This also compares to net income of $18.2 million, or $0.83 per diluted share, for the third quarter of 2024. 2025 Third Quarter Results Discussion of Outlook; President & Chief Executive Officer, Jeffrey G. Ludwig: "Although we are disappointed in our financial results this quarter, we have made meaningful progress on several strategic initiatives. The financial results included $15 million of provision in our equipment finance portfolio reflecting an increase in our loss given default assumpt ...