Midland States Bancorp, Inc. (NASDAQ:MSBI) is set to announce second quarter earning results on Thursday 23rd July 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, MSBI to report 2Q20 income of $ 0.27 per share.
For the full year, analysts anticipate top line of $ 258.75 million, while looking forward to income of $ 1.18 per share bottom line.
Previous Quarter Performance
Midland States Bancorp, Inc. unwinded income for the first quarter of $ 0.11 per share, from the revenue of $ 55.25 million. The quarterly earnings shrunk 80.70 percent while revenues contracted 11.67 percent compared with the same quarter last year.
Wall street analysts are predicting, MSBI to report 1Q20 income of $ 0.54 per share from revenue of $ 65.95 million. The bottom line results missed street analysts by $ 0.43 or 79.63 percent, at the same time, top line results fell short of analysts by $ 10.7 million or 16.22 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of MSBI was $ 14.20, representing a 13.69 % increase from the 52 week low of $ 12.49 and a 51.86 % decrease over the 52 week high of $ 29.50.
The company has a market capital of $ 329.48 million and is part of the Financial Services sector and Banks – Regional – US industry.
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Recent Stock Dividend Announcement
On May 5, 2020, the board of directors authorized quarterly dividend of $ 0.2675 per share to holders of record as of the close of business on May 15, 2020, with payment date of May 22, 2020 and ex-dividend date on May 14, 2020.
Midland States Bancorp, Inc. operates as a financial holding company for Midland States Bank that provides various banking products and services to individuals, businesses, municipalities, and other entities. It operates through Banking, Commercial FHA Origination and Servicing, Wealth Management, and Other segments.
