Midland States Bancorp, Inc. (FRA:6HU)

Midland States Bancorp Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	386.84	367.82	380.36	288.06	217.51	222.45
Interest Income on Investments	31.5	58.31	36.74	24.65	20.31	22.44
Total Interest Income	418.33	426.13	417.1	312.72	237.82	244.89
Interest Paid on Deposits	162.28	160.68	136.95	36.06	10.96	21.5
Interest Paid on Borrowings	13.8	29.11	31.33	19.96	19.19	24.25
Total Interest Expense	176.08	189.78	168.28	56.02	30.14	45.75
Net Interest Income	242.26	236.35	248.82	256.7	207.68	199.14
Net Interest Income Growth (YoY)	6.42%	-5.01%	-3.07%	23.60%	4.29%	4.91%
Trust Income	29.49	28.7	25.57	25.71	26.81	22.8
Mortgage Banking Activities	2.77	2.42	1.9	1.51	5.53	15.82
Gain (Loss) on Sale of Assets	-	-	-	-3.25	-0.22	-1.69
Gain (Loss) on Sale of Investments	-0.08	-0.23	-8.27	-0.23	4.73	5.13
Other Non-Interest Income	95.21	94.47	78.32	113.91	31.12	21.23
Total Non-Interest Income	140.96	138.51	109.51	147.88	77.21	71.89
Non-Interest Income Growth (YoY)	98.82%	26.48%	-25.95%	91.53%	7.39%	-7.14%
Revenues Before Loan Losses	383.22	374.86	358.33	404.58	284.88	271.03
Provision for Loan Losses	115.15	120.33	82.56	76.76	3.39	44.36
Revenue	268.07	254.52	275.77	327.81	281.49	226.67
Revenue Growth (YoY)	4.87%	-7.70%	-15.88%	16.46%	24.19%	-9.42%
Salaries and Employee Benefits	96.44	90.61	90.95	88.09	84.95	83.38
Occupancy Expenses	16.31	14.8	14.07	13.34	13.47	15.25
Federal Deposit Insurance	5.67	5.28	4.78	3.34	3.35	-
Amortization of Goodwill & Intangibles	3.64	4.01	4.76	5.41	5.86	6.5
Selling, General & Administrative	43.54	46.29	42.64	40.67	45.15	41.9
Other Non-Interest Expense	32.3	30.35	35.56	39.12	12.28	15.4
Total Non-Interest Expense	203.47	196.9	193.08	195.16	166.31	164.6
EBT Excluding Unusual Items	64.6	57.63	82.69	132.65	115.18	62.07
Asset Writedown	-7.86	-7.86	-	-1.26	-7.53	-12.34
Legal Settlements	-3.1	-3.1	-	-	-	-
Other Unusual Items	0.23	0.23	5.28	-	-8.54	-4.87
Pretax Income	53.87	46.9	87.96	131.39	99.11	32.01
Income Tax Expense	9.64	8.86	26.81	31.15	17.8	9.48
Net Income	44.23	38.04	61.16	100.24	81.32	22.54
Preferred Dividends & Other Adjustments	9.29	9.4	9.56	4.29	0.82	0.26
Net Income to Common	34.94	28.65	51.59	95.95	80.49	22.28
Net Income Growth	-16.14%	-37.79%	-38.99%	23.27%	260.82%	-59.60%
Basic Shares Outstanding	22	22	22	22	22	23
Diluted Shares Outstanding	22	22	22	22	23	23
Shares Change (YoY)	-0.02%	-1.75%	-1.21%	-0.67%	-3.42%	-4.68%
EPS (Basic)	1.60	1.32	2.33	4.29	3.58	0.95
EPS (Diluted)	1.60	1.32	2.33	4.28	3.57	0.95
EPS Growth	-19.01%	-43.42%	-45.62%	20.01%	275.79%	-57.89%
Dividend Per Share	1.240	1.240	1.200	1.160	1.120	1.070
Dividend Growth	1.64%	3.33%	3.45%	3.57%	4.67%	10.31%
Effective Tax Rate	17.90%	18.88%	30.48%	23.71%	17.95%	29.60%

Source: S&P Global Market Intelligence. Banks template. Financial Sources.