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An update from Midland States Bancrop ( (MSBI) ) is now available.
Midland States Bancorp, Inc. reported a significant increase in net income for the third quarter of 2024, reaching $16.2 million compared to $4.5 million in the prior quarter. The company focused on enhancing its balance sheet by reducing equipment finance and consumer loan portfolios while expanding in commercial loans and the St. Louis market. With improved capital ratios and a strategic shift towards high-quality loans, Midland States is well-positioned for future growth, even amidst uncertain economic conditions.
Learn more about MSBI stock on TipRanks’ Stock Analysis page.