other material
confidence high
sentiment neutral
materiality 0.60
Midland States Bancorp Q2 2024: Net income $4.5M, EPS $0.20; community bank loans +$91M
Midland States Bancorp, Inc.
- YTD adj. ROAA 0.53%, adj. ROTCE 6.51%; TCE/TA 6.59%.
- Net income available to common shareholders $4.5M ($0.20 diluted EPS).
- Community bank loans +$91M in Q2; total loans -$106.5M to $5.85B due to non-core runoff.
- ACL 1.58% of loans; LendingPoint reserves $14.6M; CET1 ratio 8.63%.
- 23 consecutive years of dividend increases; dividend yield 5.47%.