NASDAQ$MSBI
Midland States Bancorp Inc · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Reported net income and increased loan demand.
Midland States Bancorp reported a net income of $23.5 million, or $1.04 diluted earnings per share, for the third quarter of 2022. The company experienced strong loan demand, resulting in 28% annualized growth in total loans. The company also raised $115 million through a preferred stock offering.
- Net income for Q3 2022 was $23.5 million, or $1.04 diluted earnings per share.
- Total loans outstanding were $6.20 billion at September 30, 2022.
- Net interest margin for the third quarter of 2022 was 3.63%.
- The Company raised $115 million of capital through a preferred stock offering.
Headline financials
Revenue & EPS history
Midland States · Revenue · Quarterly
$79.9M
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 is well positioned to support continued balance sheet growth, although they expect loan growth to moderate. They believe they can continue to generate strong financial results for shareholders.
Tailwinds
- Well positioned to support continued balance sheet growth.
- Higher net interest margin.
- Increased efficiencies.
- Can continue to generate strong financial results for our shareholders.
- Further increase capital ratios and support the continued growth of our franchise.
Headwinds
- Expect our level of loan growth to moderate.
- Higher interest rates may impact loan demand.
- Economic uncertainty may impact loan demand.
- Rising interest rates on the Company’s investment portfolio has resulted in a $83.6 million decline in accumulated other comprehensive income (AOCI).
- AOCI has negatively impacted tangible book value per share by $3.55, and the tangible common equity to tangible assets ratio by 103 basis points.
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 Q3 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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