Midland States Bancorp(US:MSBI)2021-07-23 13:43Financial Performance - Net income was $201 million, or $088 diluted EPS[6] - Adjusted earnings were $198 million, or $086 diluted EPS, excluding certain impacts[6] - Return on average shareholders' equity was 1259%[6] - Return on average tangible common equity was 1785%[6] Balance Sheet and Capital - TCE/Tangible Assets ratio increased 45 bps to 712%[6] - Total loans decreased $749 million from the prior quarter to $484 billion[15] - Total deposits decreased $1442 million, or 27% from the prior quarter, to $520 billion[33] Loan Portfolio - Paycheck Protection Program (PPP) loans outstanding were $1467 million as of June 30, 2021[9] - Total fees earned from PPP loans were $152 million, with $20 million recognized in 2Q21[9] - Hotel/Motel Portfolio Total Outstanding was $1804 million (37% of total loans)[23] Non-Interest Income and Expense - Non-interest income increased 176% from the prior quarter and accounted for 26% of revenue[7] - Efficiency Ratio was 602% in 2Q21 vs 569% in 1Q21[46]