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Midland States Bancorp, Inc. to Announce Third Quarter 2025 Financial Results on Thursday, October 30
Globenewswire· 2025-10-09 20:31
EFFINGHAM, Ill., Oct. 09, 2025 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ: MSBI) announced today that it will issue its third quarter 2025 financial results after market close on Thursday, October 30, 2025. Along with the press release announcing the financial results, the Company will publish an investor presentation that will be available on the Webcasts and Presentations page of its investor relations website. About Midland States Bancorp, Inc. Midland States Bancorp, Inc. is a community-ba ...
Midland States Bancorp, Inc. Announces 2025 Second Quarter Results
Globenewswire· 2025-07-24 20:31
Core Viewpoint - Midland States Bancorp, Inc. reported a significant decrease in net income for the second quarter of 2025, reflecting a recovery from a substantial loss in the previous quarter, with ongoing improvements in credit quality and profitability expected for the remainder of the year [1][2][4]. Financial Performance - Net income available to common shareholders for Q2 2025 was $9.8 million, or $0.44 per diluted share, down from $23.5 million, or $1.06 per diluted share in Q2 2024 [1][7]. - Compared to Q1 2025, which had a net loss of $143.2 million due to goodwill impairment, the company showed a recovery in profitability [2][19]. - Pre-provision net revenue increased to $32.2 million in Q2 2025 from $27.0 million in Q1 2025 [7]. - The net interest margin expanded by 7 basis points to 3.56% in Q2 2025, compared to 3.49% in Q1 2025 [7][15]. Credit Quality - Non-performing assets decreased to $111 million, or 1.56% of total assets, down from $151 million, or 2.08% in Q1 2025 [5][7]. - The company reported limited new substandard or non-performing loans during the quarter, with substandard accruing loans and non-performing loans decreasing to $58.5 million and $109.5 million, respectively [8][19]. - Net charge-offs for the quarter were $29.9 million, with significant charge-offs in the specialty finance portfolio [8][21]. Capital and Liquidity - Capital levels increased quarter-over-quarter, with a common equity tier 1 capital ratio of 9.02% and total capital to risk-weighted assets at 14.50% [7][20]. - The company successfully exited two larger non-performing relationships totaling $29 million after the quarter-end, which is expected to further improve the non-performing asset ratio [5][19]. Loan Portfolio and Deposits - Total loans as of June 30, 2025, were $5.06 billion, reflecting an increase of $46.6 million from March 31, 2025 [14]. - Total deposits were $5.95 billion, a slight increase of $10.5 million from the previous quarter, with notable increases in commercial and public fund deposits [14][29]. Wealth Management - Wealth management revenue totaled $7.4 million in Q2 2025, with assets under administration reaching $4.18 billion [14][21].
Midland States Bancorp, Inc. to Announce Second Quarter 2025 Financial Results on Thursday, July 24
Globenewswire· 2025-07-10 20:30
Financial Results Announcement - Midland States Bancorp, Inc. will issue its second quarter 2025 financial results after market close on July 24, 2025 [1] - An investor presentation will accompany the financial results and will be available on the company's investor relations website [1] Company Overview - Midland States Bancorp, Inc. is a community-based financial holding company headquartered in Effingham, Illinois [2] - The company is the sole shareholder of Midland States Bank and had total assets of approximately $7.28 billion as of March 31, 2025 [2] - The Wealth Management Group of the company had assets under administration of approximately $4.10 billion [2] - The company offers a full range of commercial and consumer banking products and services, including business equipment financing, merchant credit card services, trust and investment management, insurance, and financial planning services [2]
Midland States Bancorp, Inc. Announces Preliminary 2025 First Quarter Results
Globenewswire· 2025-04-30 20:30
Core Viewpoint - Midland States Bancorp, Inc. reported preliminary results for the first quarter of 2025, indicating ongoing evaluations of accounting and financial reporting related to third-party lending and servicing arrangements, which may lead to restated financial statements for 2024 [1][2]. Preliminary Financial Results - The preliminary results reflect updated accounting methodologies for third-party lending and servicing arrangements, with actual results potentially differing materially from these preliminary figures [2]. - Net income available to common shareholders for Q1 2025 was $12.6 million, or $0.57 per diluted share, with pre-tax, pre-provision earnings of $27.0 million, or $1.12 per diluted share [7][17]. Asset Quality and Credit Trends - As of March 31, 2025, nonperforming loans totaled $140.0 million, with net charge-offs of $16.9 million, including $11.1 million from fully reimbursed charge-offs related to third-party lending programs [11][12]. - The company reported no significant new substandard or nonperforming loans during the quarter, and substandard accruing loans decreased slightly to $75.7 million [11][12]. Loan and Deposit Portfolio - Total loans decreased to $5.02 billion, with a notable decrease in the Specialty Finance loan portfolio by $159.3 million due to tightened credit standards [12]. - Total deposits were $5.94 billion, reflecting a decrease of $260.8 million from the previous quarter, with retail deposits increasing by $96.8 million [12]. Profitability and Capital Ratios - The net interest margin for Q1 2025 was reported at 3.48%, with a continued decline in the cost of funding to 2.29% [14]. - The company exceeded all regulatory capital requirements under Basel III, with total capital to risk-weighted assets at 13.77% [18]. Wealth Management and Noninterest Income - Wealth management revenue totaled $7.4 million for Q1 2025, with assets under administration at $4.10 billion [12]. - Noninterest income for the quarter was $17.8 million, impacted by losses on limited partnership investments and credit enhancements [16][21].