Midland States Bancorp Q2 EPS misses estimates
Overview
Midland States Bancorp Q2 net income falls to $9.8 mln from $23.5 mln yr ago
Adjusted EPS of $0.44 misses analyst expectations, per LSEG data
Net interest margin rises to 3.56% from 3.49% in prior qtr
Outlook
Midland targets common equity tier 1 capital ratio of 10.0%
Company expects profitability improvements over balance of 2025
Result Drivers
CREDIT QUALITY IMPROVEMENT - Co reports progress in reducing nonperforming assets and exiting larger non-performing relationships
UNDERWRITING STANDARDS - Tightened standards in equipment and specialty finance portfolios to reduce exposure to higher-risk loans
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Adjusted EPS | Miss | $0.44 | $0.63 (4 Analysts) |
Q2 EPS |
| $0.44 |
|
Q2 Net Interest Income |
| $58.70 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the banks peer group is "buy."
Wall Street's median 12-month price target for Midland States Bancorp Inc is $20.00, about 7.3% above its July 23 closing price of $18.54
Press Release: ID:nGNX4x3b5b
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