other material
confidence high
sentiment positive
materiality 0.60
Midland States Bancorp reports $7.9B assets, Q4 diluted EPS $0.84, dividend increased for 22nd year
Midland States Bancorp, Inc.
- Total assets $7.9B, loans $6.1B, deposits $6.3B as of Dec 31, 2023.
- Q4 2023 net income $18.5M ($0.84 diluted EPS), ROAA 1.04%, ROTCE 15.41%.
- GreenSky consumer loan portfolio wind-down: $683.6M outstanding, projected to $408M by end of 2024.
- CET1 ratio increased 33bps to 8.40%; tangible book value per share up 7.8% in Q4.
- Dividend increased for 22 consecutive years, current annual dividend $1.20/share.