Midland States Bancorp Q3 net income $15.8M ($0.71), adjusted $0.78; NIM 3.20%

Midland States Bancorp, Inc.

2023-Q3 EPS reported $2.43

Net income available to common $15.8M ($0.71 diluted) vs $19.3M ($0.86) Q2 2023 and $23.5M ($1.04) Q3 2022.
Adjusted diluted EPS $0.78 excluding $5.0M securities losses, $6.6M life insurance gain, and $4.5M tax charge.
Tax-equivalent net interest margin 3.20% vs 3.23% prior quarter; net interest income $58.8M.
Allowance for credit losses increased to 1.06% of loans from 1.02%; nonperforming loans $56.0M (0.89% of loans).
Repurchased 271,059 shares at $22.14 during Q3; $10.1M remaining under $25M buyback program.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Midland States Bancorp, Inc. reported the third quarter of 2023 results: net income $15.8 million, EPS $0.71 per diluted share.

Period: the third quarter of 2023
Net income: $15.8 million
EPS: $0.71 per diluted share
Result: reported results

Exact text from the filing

On October 26, 2023 , Midland States Bancorp, Inc. (the “Company”) issued a press release announcing its financial results for the third quarter of 2023.

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Midland States Bancorp, Inc. filing history →

Source: SEC EDGAR

accession 0001466026-23-000027

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