Midland States Bancorp Q4 Adj EPS $0.89 Beats $0.79 Estimate, Sales $78.59M Beat $75.49M Estimate
Portfolio Pulse from totan@benzinga.com
Midland States Bancorp (NASDAQ:MSBI) reported Q4 adjusted EPS of $0.89, surpassing the consensus estimate of $0.79 by 12.66%, and a 4.71% increase from the previous year's $0.85. Quarterly sales were $78.59M, exceeding estimates of $75.49M by 4.11%, but marked a 19.30% decrease from last year's $97.39M.
January 25, 2024 | 9:23 pm
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POSITIVE IMPACT
Midland States Bancorp reported higher-than-expected Q4 earnings and sales, with an EPS beat of 12.66% and a sales beat of 4.11% compared to analyst estimates.
The positive earnings and sales beat are likely to instill investor confidence and could lead to a short-term uptick in MSBI's stock price. However, the significant year-over-year decrease in sales may temper some of the positive sentiment.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100