Quarterly ResultJul 23, 2026, 04:13 PM
Midland States Bancorp Q2 Net Income $17.7M, EPS $0.82
AI Summary
Midland States Bancorp, Inc. reported strong second-quarter 2026 financial results, with net income available to common shareholders rising to $17.7 million, or $0.82 per diluted share, significantly up from $0.74 in Q1 2026 and $0.44 in Q2 2025. The company achieved net interest margin expansion to 3.98% and saw total deposits increase by $267.2 million, driven by retail and commercial growth while reducing brokered deposits. Despite a planned runoff in specialty finance loans, the Community Bank loan portfolio grew, and wealth management reported record revenue. Capital ratios strengthened, and the company continued its share repurchase program.
Key Highlights
- Net income available to common shareholders was $17.7 million, or $0.82 per diluted share, for Q2 2026.
- Net interest margin expanded to 3.98%, up 7 basis points from the prior quarter.
- Total deposits increased $267.2 million to $5.71 billion, with a decrease in higher-cost brokered deposits.
- Community Bank loan portfolio increased $6.3 million, or 0.7% annualized.
- Total loans decreased $94.9 million to $4.24 billion, primarily due to planned runoff of specialty finance and non-core portfolios.
- Wealth Management assets under administration reached $4.78 billion, with record revenue of $8.8 million.
- Common Equity Tier 1 capital ratio increased to 10.39%.
- The company repurchased $2.7 million of common stock (113,208 shares) during the quarter.
Price Impact
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