Midland States reports Q2 adjusted EPS 44c, consensus 62c

Reports Q2 tangible book value per share $20.68. Reports Q2 net charge-offs 2.34%. The company said, “Second quarter marked a notable step in returning Midland to a more normalized operating environment, with progress on several strategic initiatives ranging from growing our community bank to further improving our credit quality. Capital levels increased quarter-over-quarter, and we continue to target growing our common equity tier 1 capital ratio to our target of 10.0%.”