Midland States Q2 net income $9.8M ($0.44 diluted), down from $23.5M ($1.06) YoY

Midland States Bancorp, Inc.

2025-Q2 EPS reported -$6.13 vs consensus $0.64 ▼ miss (-1055.9%)

Net income available to common shareholders of $9.8M ($0.44 diluted EPS), down 58% from $23.5M ($1.06) in Q2 2024.
Pre-provision net revenue improved to $32.2M from $27.0M in prior quarter; net interest margin expanded 7 bps to 3.56%.
Nonperforming assets declined to $111M (1.56% of assets) from $151M (2.08%) in Q1; CEO notes $29M in NPA exits post-quarter-end.
Net charge-offs $29.9M including $13.9M specialty finance and $3.9M equipment finance; provision for credit losses $17.4M.
Community Bank loans grew $58.9M; Specialty Finance decreased $173.3M as tighter underwriting reduces higher-risk exposure.

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