For the year ending 2025-12-31.
| Income Statement | 2025-12-31 | 2024-12-31 | ||
|---|---|---|---|---|
| Loans, including fees taxable | 310,169 | 365,892 | ||
| Loans, including fees tax exempt | 1,651 | 1,536 | ||
| Loans held for sale | 5,232 | 392 | ||
| Taxable | 63,248 | 49,769 | ||
| Tax exempt | 1,753 | 1,511 | ||
| Nonmarketable equity securities | 2,729 | 3,070 | ||
| Federal funds sold and cash investments | 3,085 | 3,958 | ||
| Total interest income | 387,867 | 426,128 | ||
| Deposits | 124,271 | 160,676 | ||
| Short-term borrowings | 2,807 | 1,960 | ||
| Federal home loan bank advances | 14,621 | 16,495 | ||
| Subordinated debt | 4,554 | 5,271 | ||
| Trust preferred debentures | 4,810 | 5,380 | ||
| Total interest expense | 151,063 | 189,782 | ||
| Net interest income | 236,804 | 236,346 | ||
| Provision for credit losses on loans | 60,549 | 119,262 | ||
| Provision for credit losses on unfunded commitments | - | 1,070 | ||
| (recapture of) provision for credit losses on unfunded commitments | -700 | - | ||
| Total provision for credit losses | 59,849 | 120,332 | ||
| Net interest income after provision for credit losses | 176,955 | 116,014 | ||
| Wealth management revenue | 31,019 | 28,697 | ||
| Service charges on deposit accounts | 13,827 | 13,154 | ||
| Interchange revenue | 13,496 | 13,955 | ||
| Residential mortgage banking revenue | 2,857 | 2,418 | ||
| Income on company-owned life insurance | 8,564 | 7,683 | ||
| Gain (loss) on sales of investment securities, net | 14 | -230 | ||
| Credit enhancement income | 9,904 | 60,998 | ||
| Other income | 8,499 | 12,066 | ||
| Total noninterest income | 88,180 | 138,741 | ||
| Salaries and employee benefits | 104,400 | 93,639 | ||
| Occupancy and equipment | 17,223 | 16,785 | ||
| Data processing | 27,974 | 28,160 | ||
| Fdic insurance | 8,136 | 5,278 | ||
| Professional services | 9,871 | 7,822 | ||
| Marketing | 5,861 | 3,926 | ||
| Communications | 1,376 | 1,364 | ||
| Loan expense | 6,992 | 5,954 | ||
| Loan servicing fees | 4,578 | 12,864 | ||
| Impairment on goodwill | 153,977 | - | ||
| Amortization of intangible assets | 3,224 | 4,008 | ||
| Other real estate owned | -281 | -5,569 | ||
| Loss on sale of loan portfolios | -23,051 | - | ||
| Impairment on leased assets and surrendered assets | 684 | 7,858 | ||
| Other expense | 12,375 | 14,628 | ||
| Total noninterest expense | 380,003 | 207,855 | ||
| Income (loss) before income taxes | -114,868 | 46,900 | ||
| Income tax expense | 9,413 | 8,856 | ||
| Net income (loss) | -124,281 | 38,044 | ||
| Preferred dividends | - | 8,913 | ||
| Net income available to common shareholders | - | 29,131 | ||
| Basic EPS | -6.12 | 1.32 | ||
| Diluted EPS | -6.12 | 1.32 | ||
| Basic Average Shares | 21,833,098 | 21,731,689 | ||
| Diluted Average Shares | 21,833,098 | 21,737,958 | ||
Midland States Bancorp, Inc. (MSBI)
Midland States Bancorp, Inc. (MSBI)