Midland States Bancorp (MSBI) Q2 Earnings Miss Estimates

Core Viewpoint - Midland States Bancorp (MSBI) reported quarterly earnings of $0.44 per share, missing the Zacks Consensus Estimate of $0.63 per share, representing a -30.16% earnings surprise [1] - The company posted revenues of $82.23 million for the quarter ended June 2025, exceeding the Zacks Consensus Estimate by 6.24% [2] Financial Performance - Earnings per share (EPS) for the same quarter last year was $0.20, indicating a significant year-over-year increase [1] - The company has surpassed consensus revenue estimates four times over the last four quarters [2] - The current consensus EPS estimate for the upcoming quarter is $0.69 on revenues of $77.8 million, and for the current fiscal year, it is $2.51 on revenues of $309.25 million [7] Market Performance - Midland States Bancorp shares have declined approximately 24% since the beginning of the year, contrasting with the S&P 500's gain of 8.1% [3] - The company's Zacks Rank is currently 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Outlook - The Banks - Northeast industry, to which Midland States Bancorp belongs, is currently in the top 23% 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 stock performance [5]