earnings
confidence high
sentiment positive
materiality 0.75
Midland States Bancorp Q4 net income $29.7M ($1.30 EPS), up 26% QoQ; ends GreenSky partnership
Midland States Bancorp, Inc.
2022-FY EPS reported
$4.23
- Net income available to common $29.7M, diluted EPS $1.30, vs $23.5M ($1.04) Q3 and $23.1M ($1.02) year ago.
- Net interest income $63.6M, down 0.7% from Q3; NIM 3.50% vs 3.63% prior.
- Noninterest income $33.8M including $17.5M gain on termination of forward starting interest rate swaps.
- Total loans $6.31B, up 7% annualized; deposits $6.36B, slightly down; TBV per share up 4%.
- Terminating GreenSky loan origination participation effective Oct 21, 2023; GreenSky to service existing loans.