Midland States Bancrop (MSBI) has disclosed a new risk, in the Debt & Financing category.
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Midland States Bancorp faces significant business risk due to the potential for elevated interest rates to adversely impact its mortgage banking revenue. The company’s mortgage production, particularly refinancing activities, could suffer in a high-interest environment, affecting its ability to generate and sell loans profitably in the secondary market. This dependency on both interest rates and an active secondary market underscores the vulnerability of its revenue and profitability. If mortgage production declines, Midland States Bancorp must effectively manage costs to mitigate the financial impact.
Overall, Wall Street has a Hold consensus rating on MSBI stock based on 3 Holds.
To learn more about Midland States Bancrop’s risk factors, click here.