Earnings ·
Midland States Bancorp reports Q3 diluted EPS of $0.95 on $20.6M net income
MSBIPMidland States Bancorp, Inc.
Midland States Bancorp reported third-quarter 2026 net income available to common shareholders of $20.6 million, or $0.95 per diluted share, compared to $17.7 million, or $0.82 per diluted share, in the second quarter and $5.3 million, or $0.24 per diluted share, a year earlier. The company posted a return on average assets of 1.35% and a net interest margin of 4.03%, which benefited from a $1.6 million interest recovery on a nonaccrual loan payoff. Total loans increased by $39.1 million to $4.28 billion, driven by growth in the Community Bank portfolio, while total deposits decreased by $89.8 million to $5.62 billion as the bank managed liquidity and deposit pricing. Nonperforming assets declined to 0.86% of total assets, and the company maintained a Common Equity Tier 1 capital ratio of 10.36%. Midland States Bancorp operates as a community-based financial holding company providing commercial and consumer banking, wealth management, and trust services in Illinois and Missouri.