Midland States reports Q1 EPS 74c, consensus 61c

Reports Q1 adjusted revenue $81.1M, consensus $75.57M. Reports Q1 tangible book value per share $20.77. Reports Q1 net charge-offs .64%. The company said, “We delivered a solid start to 2026, reflecting the actions taken throughout 2025 to strengthen credit quality and reduce portfolio risk. Credit metrics continued to improve, with non-performing assets declining and trending toward our 0.75% target, while profitability returned to normalized levels. As a result, we generated earnings of $0.74 per share and a return on average assets of 1.16%.”