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]

Analysts on Wall Street project that JPMorgan Chase & Co. (JPM) will announce quarterly earnings of $4.51 per share in its forthcoming report, representing an increase of 2.5% year over year. Revenues are projected to reach $43.81 billion, declining 12.7% from the same quarter last year.The consensus EPS estimate for the quarter has undergone an upward revision of 1.5% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial ...

Core Insights - Usio, Inc. reported a 34% increase in total payment dollars processed, reaching $2.0 billion in the first quarter of 2025 compared to $1.5 billion in the same period of 2024 [1][6] - The company achieved positive Adjusted EBITDA of $0.7 million, reflecting improved operational performance and strong cash management [2][4] - The growth in payment processing was primarily driven by a 42% increase in ACH electronic check dollar volume and a 36% increase in ACH transactions [2][7] Financial Performance - Revenues for the first quarter of 2025 were $22.0 million, up 5% from $20.97 million in the prior year, mainly due to strong growth in ACH and complementary services [3][8] - ACH and complementary services revenue grew by 30%, while credit card revenues increased by 4% and PayFac revenues surged by 25% [10][8] - Gross profit for the quarter was $4.8 million, with gross margins declining to 21.9% from 23.1% a year ago, primarily due to lower interest revenues [10][4] Operational Metrics - Total payment transactions processed in Q1 2025 reached 13.7 million, a 41% increase year-over-year [6] - The company set records in its credit card segment, with dollars processed up 17% and transactions processed up 65% compared to the previous year [7] - Operating cash flows improved significantly to $1.4 million from $0.1 million in the same period last year, driven by a reduction in accounts receivable [13] Strategic Outlook - The company has a strong implementation queue from signed deals, indicating potential for future revenue growth [2][5] - Usio is focused on expanding its market presence and strengthening its financial position, with a commitment to disciplined cost control [5][2] - The company ended the quarter with $8.7 million in cash and cash equivalents, reflecting a $0.7 million increase during the first three months of the year [13]

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].

Q1 Earnings Presentation April 24, 2025 Q1 2025 financial highlights Key Metrics Highlights $(217.7) million Net loss $67.5 million Operating net income* | $(1.08) | $0.34 | | --- | --- | | Diluted EPS | Diluted operating EPS* | | 3.38% | 1.48% | | NIM* | Total deposit cost | | 0.51% | 0.26% | | NPLs / total loans | NCOs / avg. loans | | $0.13 per share | | Dividend declared $16.94 $12.01 BV/Share TBV/Share* *Non-GAAP Financial Measure. Please refer to Appendices A-D for applicable reconciliation. 1CET1 rat ...

Core Insights - OceanFirst Financial (OCFC) reported revenue of $97.91 million for the quarter ended March 2025, reflecting a year-over-year decline of 0.6% and an EPS of $0.35 compared to $0.44 a year ago, with revenue exceeding the Zacks Consensus Estimate of $95.13 million by 2.92% [1] Financial Performance Metrics - Efficiency Ratio was reported at 65.7%, better than the estimated 69% by analysts [4] - Net Interest Margin stood at 2.9%, surpassing the average estimate of 2.7% [4] - Average Balance of Total Interest-Earning Assets was $12.11 billion, slightly below the estimated $12.31 billion [4] - Total Non-Interest Income was $11.25 million, lower than the average estimate of $11.82 million [4] - Net Interest Income reached $86.65 million, exceeding the average estimate of $83.31 million [4] - Bankcard Services Revenue was $1.46 million, below the estimated $1.81 million [4] - Fees and Service Charges totaled $4.71 million, compared to the average estimate of $6.14 million [4] - Income from Bank Owned Life Insurance was $1.85 million, lower than the estimated $2.29 million [4] Stock Performance - OceanFirst shares have returned -4.4% over the past month, compared to a -5.1% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]