Midland States Bancorp, Inc. Announces 2026 Third Quarter Results
Key Highlights
- ➤Net income $20.6 million, or $0.95 per diluted share, versus $5.3 million year-over-year
- ➤Net interest margin rose to 4.03%, including a $1.6 million interest recovery
- ➤Total loans increased $39.1 million to $4.28 billion during the quarter
- ➤Nonperforming assets fell to 0.86% of total assets from 0.91%
- ➤$24.8 million remained available under the $45.0 million share repurchase program
Expert Statements
Jeffrey G. Ludwig, President and CEO of Midland States Bancorp, Inc.
“Our third quarter results reflect another solid quarter of execution and continued progress toward building a higher-performing community bank.”
Jeffrey G. Ludwig, President and CEO of Midland States Bancorp, Inc.
“We delivered diluted earnings per share of $0.95 and a 1.35% return on average assets while maintaining strong net interest margin.”
Jeffrey G. Ludwig, President and CEO of Midland States Bancorp, Inc.
“The Community Bank generated loan growth, while we continued the planned runoff of non-core portfolios, further improving the composition of our balance sheet.”
Jeffrey G. Ludwig, President and CEO of Midland States Bancorp, Inc.
“We also made meaningful progress resolving legacy credit issues.”
Jeffrey G. Ludwig, President and CEO of Midland States Bancorp, Inc.
“Past-due, substandard and nonperforming loans declined, net charge-offs moderated from the prior quarter, and our nonperforming asset ratio improved to 0.86%.”
Jeffrey G. Ludwig, President and CEO of Midland States Bancorp, Inc.
“We remain disciplined in addressing the remaining legacy credits while supporting high-quality loan growth in our markets.”
Jeffrey G. Ludwig, President and CEO of Midland States Bancorp, Inc.
“Strong earnings continued to support our capital position.”
Jeffrey G. Ludwig, President and CEO of Midland States Bancorp, Inc.
“We enter the fourth quarter with solid momentum and remain focused on profitable relationship growth, continued credit normalization and disciplined capital deployment to support long-term shareholder value.”
EFFINGHAM, Ill., Oct. 22, 2026 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (Nasdaq: MSBI) (the “Company”) today reported net income available to common shareholders of $20.6 million, or $0.95 per diluted share, for the third quarter of 2026, compared to net income available to common shareholders of $17.7 million, or $0.82 per diluted share, for the second quarter of 2026. This also compares to net income available to common shareholders of $5.3 million, or $0.24 per diluted share, for the third quarter of 2025.
2026 Third Quarter Results * Net income available to common shareholders of $20.6 million, or $0.95 per diluted share * Return on average assets of 1.35% and return on average tangible common equity of 18.50% * Net interest margin of 4.03% compared to 3.98% in the prior quarter; current quarter included a $1.6 million interest recovery on the payoff of a nonaccrual loan * Total loans increased $39.1 million, including $23.7 million of net growth in the Community Bank loan portfolio, or 2.8% annualized, during the quarter * Total capital to risk-weighted assets of 15.60% and common equity tier 1 capital of 10.36% * Ratio of nonperforming assets to total assets of 0.86%, a decrease of five basis points compared to prior quarter Discussion of Outlook; President & Chief Executive Officer, Jeffrey G. Ludwig:
Get started
Create a free account to read the full story.