For the quarter ended December 2024, Midland States Bancorp (MSBI) reported revenue of $75.6 million, down 3.8% over the same period last year. EPS came in at -$2.52, compared to $0.89 in the year-ago quarter.
The reported revenue represents a surprise of +2.36% over the Zacks Consensus Estimate of $73.85 million. With the consensus EPS estimate being $0.70, the EPS surprise was -460.00%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Midland States Bancorp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Efficiency Ratio: 71.4% versus the two-analyst average estimate of 62.7%.
- Average Interest-Earning Assets: $7.01 billion versus $7.06 billion estimated by two analysts on average.
- Net charge-offs to average loans: 7.2% versus 0.5% estimated by two analysts on average.
- Net Interest Margin: 3.2% versus the two-analyst average estimate of 3.1%.
- Wealth management revenue: $7.66 million compared to the $7.08 million average estimate based on two analysts.
- Service charges on deposit accounts: $3.51 million versus the two-analyst average estimate of $3.13 million.
- Net Interest Income (FTE)/Adjusted net interest income: $56.26 million versus $55.32 million estimated by two analysts on average.
- Residential mortgage banking revenue: $0.64 million versus the two-analyst average estimate of $0.68 million.
- Total Noninterest Income: $19.56 million versus the two-analyst average estimate of $18.15 million.
- Interchange revenue: $3.53 million versus the two-analyst average estimate of $3.78 million.
Shares of Midland States Bancorp have returned -0.4% over the past month versus the Zacks S&P 500 composite's +2.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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