Midland States Bancorp Inc reports results for the quarter ended June 30 - Earnings Summary

• Midland States Bancorp Inc MSBI.OQ reported quarterly adjusted earnings of 44 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 20 cents. The mean expectation of five analysts for the quarter was for earnings of 63 cents per share. Wall Street expected results to range from 55 cents to 67 cents per share.

• Revenue rose 13.1% to $82.23 million from a year ago; analysts expected $75.35 million.

• Midland States Bancorp Inc's reported EPS for the quarter was 44 cents​.

• The company reported quarterly net income of $9.8 million.

• Midland States Bancorp Inc shares had risen by 7.0% this quarter and lost 24.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.4% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• 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 last closing price of $18.54

This summary was machine generated from LSEG data July 24 at 09:49 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)