Midland States Bancorp: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Midland States Bancorp (NASDAQ:MSBI) reported Q4 earnings with an EPS of $0.89, beating estimates by 12.66% against the expected $0.79. However, revenue declined by $18.80 million compared to the same period last year. Despite beating EPS estimates last quarter, MSBI's share price fell by 1.3% the following day.
January 25, 2024 | 9:25 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Midland States Bancorp reported a higher-than-expected Q4 EPS of $0.89, but experienced a revenue decline from the previous year. Historical data shows a share price drop following last quarter's earnings beat.
While MSBI beat EPS estimates, which could be seen as a positive signal, the decline in revenue and the historical share price drop after last quarter's earnings beat suggest a mixed impact. The market may react positively to the earnings surprise but could also be concerned about the revenue decrease.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100