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MSBIBearishEarningsnews
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Midland States Bancorp (MSBI) Reports Q1 Earnings: What Key Metrics Have to Say

Apr 25, 2024, 9:05 PM EDT1 sourcesAI-analyzed

AI summary

What happened, with direct paths to the underlying reporting

- Midland States Bancorp reported a 1.1% increase in revenue for the quarter. - EPS decreased from $0.88 to $0.53 year-over-year. - Company beat revenue estimate by +2.74% but missed EPS estimate by -25.35%. - Key metrics like Efficiency Ratio and Net Interest Margin slightly below analyst estimates. - Stock returned -2% in the past month with a Zacks Rank #3 (Hold). Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Earnings

  • Midland States Bancorp reported a 1.1% increase in revenue for the quarter.
  • EPS decreased from $0.88 to $0.53 year-over-year.
  • Company beat revenue estimate by +2.74% but missed EPS estimate by -25.35%.
  • Key metrics like Efficiency Ratio and Net Interest Margin slightly below analyst estimates.
  • Stock returned -2% in the past month with a Zacks Rank #3 (Hold).

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