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An update from Midland States Bancrop ( (MSBI) ) is now available.
On January 23, 2025, Midland States Bancorp reported a net loss of $54.8 million for the fourth quarter of 2024, following significant actions to address credit quality issues. The company accelerated the exit from its non-core consumer loan portfolios, including sales of LendingPoint and Greensky loans, leading to substantial charge-offs. The strategic review also led to tightening credit standards and a reduction in the equipment finance portfolio, positioning the company for future growth in core community banking operations.
More about Midland States Bancrop
Midland States Bancorp, Inc. operates in the financial services industry, offering a range of banking services. The company focuses on community banking, wealth management, and equipment financing, with a strategic emphasis on commercial loans.
YTD Price Performance: 4.49%
Average Trading Volume: 79,333
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $532.9M
For detailed information about MSBI stock, go to TipRanks’ Stock Analysis page.