Midland States Bancorp Reports Q4 Loss, Misses Estimates
Effingham, Ill. - Midland States Bancorp, Inc. (MSBI) announced a fourth-quarter loss of $52.5 million, translating to a per-share loss of $2.52. This performance fell short of analysts' expectations, as the consensus estimate from Zacks Investment Research was for earnings of 70 cents per share.
Despite the loss, MSBI reported revenue of $121.5 million for the quarter. Its revenue net of interest expense amounted to $75.6 million, exceeding market forecasts.
The company's financial results were generated by Automated Insights using data from Zacks Investment Research. For further insights, refer to Zacks' stock report on MSBI at https://www.zacks.com/ap/MSBI.