Midland States Bancorp, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 27, 2023 at 04:16 pm EDT
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Midland States Bancorp, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net interest income was USD 58.84 million compared to USD 61.33 million a year ago. Net income was USD 19.347 million compared to USD 21.883 million a year ago. Basic earnings per share from continuing operations was USD 0.86 compared to USD 0.97 a year ago. Diluted earnings per share from continuing operations was USD 0.86 compared to USD 0.97 a year ago.
For the six months, net interest income was USD 119.34 million compared to USD 118.16 million a year ago. Net income was USD 38.891 million compared to USD 42.632 million a year ago. Basic earnings per share from continuing operations was USD 1.72 compared to USD 1.89 a year ago. Diluted earnings per share from continuing operations was USD 1.72 compared to USD 1.89 a year ago.
Midland States Bancorp, Inc. is a diversified financial holding company. Its segments include Banking, Wealth Management, and Other. The Banking segment provides a range of financial products and services to consumers and businesses, including commercial, commercial real estate, mortgage and other consumer loan products; commercial equipment financing; mortgage loan sales and servicing; letters of credit; various types of deposit products, including checking, savings and time deposit accounts; merchant services; and corporate treasury management services. The Wealth Management segment operates under the name Midland Wealth Management, which consists of trust and wealth management products and services, including financial and estate planning, trustee and custodial services, investment management, tax and insurance planning, business planning, corporate retirement plan consulting and administration and retail brokerage services through a nationally recognized third-party broker dealer.
MIDLAND STATES BANCORP, INC. 
