In This Article:
Midland States Bancorp (NASDAQ:MSBI) Full Year 2024 Results
Key Financial Results
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Revenue: US$170.4m (down 40% from FY 2023).
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Net loss: US$22.3m (down by 134% from US$65.6m profit in FY 2023).
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US$1.05 loss per share (down from US$2.97 profit in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Midland States Bancorp EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates.
Looking ahead, revenue is forecast to grow 27% p.a. on average during the next 2 years, compared to a 7.1% growth forecast for the Banks industry in the US.
Performance of the American Banks industry.
The company's shares are down 19% from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 1 warning sign for Midland States Bancorp that you need to be mindful of.
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