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Midland States Bancorp posts Q1 FY26 net income of $16.2 million; EPS climbs to $0.74

PUBT·04/23/2026 20:29:22
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Midland States Bancorp posts Q1 FY26 net income of $16.2 million; EPS climbs to $0.74
  • Midland States Bancorp swung to net income available to common shareholders of $16.2 million in first-quarter 2026, posting diluted EPS of $0.74.
  • Net interest margin widened to 3.91%, up 17 basis points from prior quarter on lower funding costs.
  • Provision for credit losses on loans dropped to $5.4 million from $11.8 million in prior quarter.
  • Community Bank loan portfolio increased $68.8 million, while total loans dipped $13.4 million due to anticipated runoff in specialty finance and non-core portfolios.
  • Management expects full-year effective tax rate of about 22%-23%.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Midland States Bancorp Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001466026-26-000045), on April 23, 2026, and is solely responsible for the information contained therein.