In This Article:
Midland States Bancorp (NASDAQ:MSBI) Third Quarter 2024 Results
Key Financial Results
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Revenue: US$69.3m (down 3.2% from 3Q 2023).
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Net income: US$16.2m (up 3.9% from 3Q 2023).
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Profit margin: 23% (up from 22% in 3Q 2023). The increase in margin was driven by lower expenses.
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EPS: US$0.74 (up from US$0.71 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Midland States Bancorp Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) also surpassed analyst estimates by 16%.
Looking ahead, revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Banks industry in the US.
Performance of the American Banks industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
You should learn about the 1 warning sign we've spotted with Midland States Bancorp.
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