NASDAQ$MSBI
Midland States Bancorp Inc · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Reported net income and strong loan production, effectively managing expenses.
Midland States Bancorp reported a net income of $20.7 million, or $0.92 diluted earnings per share, for the first quarter of 2022. The company experienced strong loan production with 24% annualized growth in total loans and effectively managed expenses.
- Generated strong loan production with 24% annualized growth in total loans.
- Effectively managed expenses.
- Net interest margin increased due to a favorable shift in the mix of earning assets.
- Wealth management revenue increased 20.4% compared to Q1 2021.
Headline financials
Revenue & EPS history
Midland States · Revenue · Quarterly
$72.4M
Revenue by segment
Midland States · $15.1M total across 4 segments · Q3 2023
- Wealth Management Revenue$6.29M—41.7%
- Interchange Revenue$3.61M—23.9%
- Service Charges on Deposit Accounts$3.15M—20.9%
- Other Income$2.04M—13.5%
Forward guidance
The company anticipates continued high loan growth and expansion in net interest margin, further improving earnings and profitability throughout the year.
Tailwinds
- Strong loan pipeline enables continued high loan growth.
- Further expansion in net interest margin expected.
- Earnings and level of profitability are expected to improve.
- New business development capabilities showing good results.
- Steady progress on long-term initiatives to enhance the value of the Midland franchise.
Headwinds
- Changes in interest rates and other general economic conditions.
- Effects of the COVID-19 pandemic on the economic environment, customers, and operations.
- Changes in the financial markets.
- Risks relating to acquisitions.
- Uncertainty related to the future use and availability of some reference rates.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2022
-1.6%
Avg return
Earnings day
-0.9%
Avg return
5 days after
+0.8%
Avg return
30 days after
30%
14 / 46 earnings
Positive
+9.1%
Q3 2015
Best reaction
-20.0%
Q4 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +1.5% | +9.5% | +18.1% | |
| Q4 2025 | -4.3% | -5.2% | -1.9% | |
| Q3 2025 | -0.2% | -0.5% | +1.5% | |
| Q2 2025 | -3.5% | -3.5% | -0.7% | |
| Q1 2025 | -0.3% | -5.6% | -8.3% | |
| Q4 2024 | -20.0% | -21.3% | -23.3% | |
| Q3 2024 | +1.9% | +6.2% | +18.1% | |
| Q2 2024 | -5.8% | -8.2% | -9.6% | |
| Q1 2024 | -8.1% | -10.0% | -6.2% | |
| Q4 2023 | -0.2% | +2.4% | -10.1% | |
| Q3 2023 | +0.6% | +7.4% | +14.5% | |
| Q2 2023 | +1.8% | +0.3% | -6.8% | |
| Q1 2023 | +3.8% | -0.6% | +4.3% | |
| Q4 2022 | -9.7% | -4.2% | -2.0% | |
| Q3 2022 | +0.9% | +4.2% | -0.7% | |
| Q2 2022 | -2.1% | -1.9% | -1.0% | |
| Q1 2022 | -1.1% | -0.6% | -1.2% | |
| Q4 2021 | -0.4% | +4.8% | +7.1% | |
| Q3 2021 | +0.3% | -2.7% | -5.0% | |
| Q2 2021 | -6.8% | -5.8% | -1.8% | |
| Q1 2021 | -0.8% | -0.9% | -2.8% | |
| Q4 2020 | -0.4% | +3.0% | +32.7% | |
| Q3 2020 | -1.2% | -4.6% | -0.5% | |
| Q2 2020 | +3.1% | +1.4% | -0.9% | |
| Q1 2020 | -1.7% | +6.2% | -3.4% | |
| Q4 2019 | -2.1% | -3.4% | -3.4% | |
| Q3 2019 | -1.4% | +1.3% | +4.9% | |
| Q2 2019 | +0.5% | +2.6% | -4.2% | |
| Q1 2019 | +2.7% | +0.8% | -4.0% | |
| Q4 2018 | -0.6% | +3.0% | +9.4% | |
| Q3 2018 | -2.5% | +1.7% | -3.2% | |
| Q2 2018 | -2.2% | -4.1% | -0.5% | |
| Q1 2018 | -1.3% | -1.4% | +2.3% | |
| Q4 2017 | -5.2% | -4.6% | -7.2% | |
| Q3 2017 | -8.8% | -8.9% | -12.1% | |
| Q2 2017 | -4.0% | -4.8% | -11.2% | |
| Q1 2016 | -0.0% | +0.1% | -1.0% | |
| Q1 2017 | +1.9% | +2.9% | +1.3% | |
| Q1 2015 | -1.4% | -2.0% | -4.3% | |
| Q4 2014 | -1.4% | -2.0% | -4.3% | |
| Q4 2015 | -1.4% | -2.0% | -4.3% | |
| Q4 2016 | -2.1% | -2.6% | +1.4% | |
| Q3 2015 | +9.1% | +13.1% | +29.6% | |
| Q3 2016 | -2.0% | -3.6% | +20.8% | |
| Q2 2015 | +1.2% | +2.7% | +7.5% | |
| Q2 2016 | +2.3% | +1.7% | +9.2% | |
| Q3 2014 | — | — | — | |
| Q2 2014 | — | — | — | |
| Q1 2014 | — | — | — | |
| Q4 2013 | — | — | — | |
| Q3 2013 | — | — | — | |
| Q2 2013 | — | — | — | |
| Q1 2013 | — | — | — | |
| Q4 2012 | — | — | — | |
| Q1 2011 | — | — | — | |
| Q1 2010 | — | — | — |
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