Midland States Bancorp(MSBI) - 2019 Q2 - Earnings Call Presentation

Financial Performance - Net income for Q2 2019 was $16.4 million[5] - Diluted EPS for Q2 2019 was $0.67[5] - Efficiency ratio improved from 64.7% to 61.6% in Q2 2019[5] Balance Sheet - Total loans decreased by $18.6 million, or 0.5%, to $4.07 billion[8] - Equipment finance balances increased by $74.0 million, or 17.1%, from March 31, 2019[8] - Total deposits decreased by $25.1 million, or 0.6%, to $4.01 billion[12] Wealth Management - Total Wealth Management revenue increased 11.1% from the prior quarter[15] - Assets under administration increased $28.8 million during 2Q19[15] Net Interest Income and Margin - Expected scheduled accretion income is $1.9 million in 3Q19 and $9.5 million in FY 2019, excluding the HomeStar acquisition[19] Noninterest Income and Expense - Noninterest income increased 14.7% from the prior quarter[23] - Noninterest expense decreased 1.3% on a linked-quarter basis, excluding certain adjustments[29] Asset Quality - Net charge-offs for 2Q19 were 0.12% of average loans on an annualized basis[32] Acquisition - The HomeStar acquisition is expected to be approximately 9% accretive to EPS in 2020[6, 36]