| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 79.54 | 4.6% |
| Total Income | 79.54 | 4.6% |
| Expenditure | 55.43 | 74.1% |
| PBT | 24.11 | 117.5% |
| Net Profit | 18.46 | 113.1% |
| OPM | 30.32% | |
| NPM | 23.21% | |
| EPS | 0.74 | 111.3% |
Midland States Bancorp Reports Q1 2026 Net Income of $16.2 Million
24 Apr 2026 · 24 Apr, 1:39 am
Summary
Midland States Bancorp, Inc. reported a net income available to common shareholders of $16.2 million, or $0.74 per diluted share, for the first quarter of 2026. This compares favorably to a net loss of $5.1 million in the fourth quarter of 2025 and a net loss of $143.2 million for the first quarter of 2025. The company's net interest margin improved to 3.91%, and the Community Bank loan portfolio saw an increase of $68.8 million. Credit metrics improved, with non-performing assets declining. The company repurchased $7.8 million of its common stock during the quarter.
Key Highlights
- 1
Midland States Bancorp reported net income available to common shareholders of $16.2 million, or $0.74 per diluted share, for the first quarter of 2026.
- 2
Adjusted pre-provision net revenue was $30.5 million, or $1.43 per diluted share, compared to $31.6 million for the fourth quarter of 2025.
- 3
Net interest margin increased to 3.91% compared to 3.74% in the prior quarter.
- 4
The Community Bank loan portfolio increased by $68.8 million, representing an 8.3% annualized growth compared to the prior quarter.
- 5
The ratio of nonperforming assets to total assets decreased by 10 basis points from the prior quarter to 0.91%.
- 6
The company repurchased $7.8 million of common stock during the first quarter of 2026.
- 7
Total loans were $4.34 billion at March 31, 2026, a decrease of $13.4 million from December 31, 2025.
Management Comments
Jeffrey G. Ludwig
We delivered a solid start to 2026, reflecting the actions taken throughout 2025 to strengthen credit quality and reduce portfolio risk. Credit metrics continued to improve, with non-performing assets declining and trending toward our 0.75% target, while profitability returned to normalized levels. As a result, we generated earnings of $0.74 per share and a return on average assets of 1.16%.
Jeffrey G. Ludwig
Our capital position continued to strengthen, with the common equity tier 1 ratio increasing to 9.98%, approaching our 10% target. We remained disciplined in our capital allocation, repurchasing $7.8 million of common stock during the quarter while continuing to invest in our core businesses. Net interest margin expanded meaningfully, driven primarily by lower funding costs.
Jeffrey G. Ludwig
Growth in our Community Bank remains a key priority for 2026, with loan growth supported by strong client relationships, while non-core portfolios continued to run off as planned. Our wealth management business delivered another solid quarter. We are encouraged by the momentum entering 2026, and we see opportunities to further improve efficiency in the Company as the year progresses.”
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