Midland States Bancorp Q2 Adj EPS $0.87 Beats $0.80 Estimate, Sales $77.59M Beat $76.73M Estimate
Portfolio Pulse from vinayak@benzinga.com
Midland States Bancorp (NASDAQ:MSBI) reported Q2 earnings of $0.87 per share, beating the analyst consensus estimate of $0.80 by 8.75%. However, this is a 11.22% decrease from the same period last year. The company also reported quarterly sales of $77.59 million, beating the analyst consensus estimate of $76.73 million by 1.12%, a 2.17% increase from the same period last year.
July 27, 2023 | 8:34 pm
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Midland States Bancorp's Q2 earnings and sales beat estimates, but earnings are down 11.22% YoY. Sales are up 2.17% YoY.
While Midland States Bancorp beat earnings and sales estimates, the decrease in earnings YoY might concern investors. However, the increase in sales YoY could offset this concern, leading to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100