Midland States Bancrop ( (MSBI) ) has released its Q2 earnings. Here is a breakdown of the information Midland States Bancrop presented to its investors.
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Midland States Bancorp, Inc. is a community-based financial holding company headquartered in Effingham, Illinois, offering a wide range of commercial and consumer banking products, business equipment financing, and wealth management services.
In its second quarter of 2025, Midland States Bancorp reported a net income of $9.8 million, or $0.44 per diluted share, marking a recovery from a net loss in the previous quarter. This quarter’s performance reflects the company’s ongoing efforts to stabilize its operations and improve its financial health.
Key financial highlights include a pre-provision net revenue of $32.2 million and a net interest margin increase to 3.56%. The company also reported a decrease in nonperforming assets and an improvement in capital levels, with a total capital to risk-weighted assets ratio of 14.50%. Additionally, the company made strategic moves to tighten underwriting standards and reduce exposure to higher-risk portfolios.
Looking ahead, Midland States Bancorp aims to continue enhancing its credit quality and profitability. The management remains focused on strategic initiatives to grow its community banking operations and improve its capital ratios, setting a target to increase its common equity tier 1 capital ratio to 10.0%.