Midland States Bancorp (MSBI) Reports Q4 Loss, Tops Revenue Estimates

Company Performance - Midland States Bancorp (MSBI) reported a quarterly loss of $2.52 per share, significantly below the Zacks Consensus Estimate of $0.70, and a decline from earnings of $0.89 per share a year ago, representing an earnings surprise of -460% [1] - The company posted revenues of $75.6 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 2.36%, but down from year-ago revenues of $78.59 million [2] - Over the last four quarters, Midland States Bancorp has surpassed consensus EPS estimates just once, while it has topped consensus revenue estimates three times [2] Future Outlook - The immediate price movement of Midland States Bancorp's stock will depend on management's commentary during the earnings call and the company's earnings outlook [3][4] - The current consensus EPS estimate for the coming quarter is $0.64 on revenues of $72.75 million, and for the current fiscal year, it is $2.78 on revenues of $298.1 million [7] - The estimate revisions trend for Midland States Bancorp is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Context - The Zacks Industry Rank for Banks - Northeast, to which Midland States Bancorp belongs, is currently in the top 20% of over 250 Zacks industries, suggesting a favorable industry outlook [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact investor decisions [5]