Midland States Bancorp: Fourth Quarter Earnings Overview

Midland States Bancorp Reports Fourth Quarter Results

Midland States Bancorp, Inc., headquartered in Effingham, Illinois, announced on Thursday that it recorded a net loss of $2.9 million for the fourth quarter.

The company reported a per-share loss of 24 cents. However, after adjusting for one-time expenses, earnings were 53 cents per share.

During this quarter, Midland States Bancorp generated $119 million in total revenue. After accounting for interest expenses, net revenue reached $85.6 million, surpassing analysts’ expectations.