Midland States Bancorp Q3 Adj $0.78 Beats $0.77 Estimate, Sales $76.78M Beat $75.57M Estimate
Portfolio Pulse from Benzinga Newsdesk
Midland States Bancorp (NASDAQ:MSBI) reported Q3 earnings of $0.78 per share, beating the analyst consensus estimate of $0.77 by 1.3 percent. However, this is a 25 percent decrease from the same period last year. The company also reported quarterly sales of $76.78 million, beating the analyst consensus estimate of $75.57 million by 1.60 percent, but this is a 3.84 percent decrease from the same period last year.
October 26, 2023 | 8:52 pm
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Midland States Bancorp's Q3 earnings and sales beat estimates but are down from the same period last year.
While Midland States Bancorp beat earnings and sales estimates, the decrease from the same period last year could potentially concern investors. This mixed result makes the short term impact on the stock price uncertain.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100