Category: MSBI

MSBI – Midland States Bancorp (MSBI) Q2 Earnings and Revenues Lag Estimates

Midland States Bancorp (MSBI Free Report) came out with quarterly earnings of $0.86 per share, missing the Zacks Consensus Estimate of $1.06 per share. This compares to earnings of $0.55 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -18.87%. A quarter ago, it was expected that this company would post earnings of $0.89 per share when it actually produced earnings of $0.81, delivering a surprise of -8.99%.

Over the last four quarters, the company has surpassed consensus EPS estimates just once.

Midland States Bancorp, which belongs to the Zacks Banks – Northeast industry, posted revenues of $67.53 million for the quarter ended June 2021, missing the Zacks Consensus Estimate by 0.55%. This compares to year-ago revenues of $68.39 million. The company has topped consensus revenue estimates just once over the last four quarters.

The sustainability of the stock’s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management’s commentary on the earnings call.

Midland States Bancorp shares have added about 44.6% since the beginning of the year versus the S&P 500’s gain of 16%.

What’s Next for Midland States Bancorp?

While Midland States Bancorp has outperformed the market so far this year, the question that comes to investors’ minds is: what’s next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company’s earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Midland States Bancorp was favorable. While the magnitude and direction of estimate revisions could change following the company’s just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.87 on $68.7 million in revenues for the coming quarter and $3.41 on $273.2 million in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks – Northeast is currently in the top 21% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

MSBI – Midland States Bancorp, Inc. to Announce Fourth Quarter 2020 Financial Results on Thursday, January 28

EFFINGHAM, Ill., Jan. 06, 2021 (GLOBE NEWSWIRE) — Midland States Bancorp, Inc. (NASDAQ: MSBI) announced today that it will issue its fourth quarter 2020 financial results after market close on Thursday, January 28, 2021.
Midland States Bancorp will also host a conference call and webcast at 7:30 a.m. Central Time on Friday, January 29, 2021 to discuss its financial results. Analysts and investors may participate in the question-and-answer session.Conference Call, Replay and Webcast Information:Date: Friday, January 29, 2021Time: 7:30 a.m. Central TimeTelephone Access: (877) 516-3531; conference ID: 3179613Telephone Replay (available through February 5, 2021): (855) 859-2056; conference ID: 3179613Webcast Access: A live webcast will be available on the Webcasts and Presentations page in the Investor Relations section of the Company’s website. An archived version of the webcast will be available in the same location shortly after the live call has ended.About Midland State Bancorp, Inc.Midland States Bancorp, Inc. is a community-based financial holding company headquartered in Effingham, Illinois, and is the sole shareholder of Midland States Bank. As of September 30, 2020, the Company had total assets of approximately $6.7 billion, and its Wealth Management Group had assets under administration of approximately $3.25 billion. Midland provides a full range of commercial and consumer banking products and services, business equipment financing, merchant credit card services, trust and investment management, and insurance and financial planning services. For more information, visit or LinkedIn at
Douglas J. Tucker, Sr. V.P., Corporate Counsel, at or (217) 342-7321