Advertisement
Canada markets close in 5 hours 11 minutes

  • S&P/TSX

    22,530.09
    +64.72 (+0.29%)
     

  • S&P 500

    5,313.53
    +5.40 (+0.10%)
     

  • DOW

    39,874.95
    +68.18 (+0.17%)
     

  • CAD/USD

    0.7331
    -0.0010 (-0.14%)
     

  • CRUDE OIL

    79.35
    -0.45 (-0.56%)
     

  • Bitcoin CAD

    96,059.60
    +4,856.41 (+5.32%)
     

  • CMC Crypto 200

    1,532.48
    +43.94 (+2.95%)
     

  • GOLD FUTURES

    2,432.90
    -5.60 (-0.23%)
     

  • RUSSELL 2000

    2,098.75
    -3.75 (-0.18%)
     

  • 10-Yr Bond

    4.4100
    -0.0270 (-0.61%)
     

  • NASDAQ

    16,786.68
    -8.20 (-0.05%)
     

  • VOLATILITY

    12.16
    +0.01 (+0.08%)
     

  • FTSE

    8,419.27
    -4.93 (-0.06%)
     

  • NIKKEI 225

    38,946.93
    -122.75 (-0.31%)
     

  • CAD/EUR

    0.6748
    -0.0008 (-0.12%)
     
MARKETS LIVE BLOG:

NASDAQ SLIPS AFTER RECORD AS INVESTORS AWAIT NVIDIA EARNINGS

Gain in the AI chipmaker's stock price helped lift the tech-heavy index to a record high on Monday

Midland States Bancorp (MSBI) Reports Q1 Earnings: What Key Metrics Have to Say

Zacks Equity Research
·2 min read

Midland States Bancorp (MSBI) reported $77.11 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 1.1%. EPS of $0.53 for the same period compares to $0.88 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $75.05 million, representing a surprise of +2.74%. The company delivered an EPS surprise of -25.35%, with the consensus EPS estimate being $0.71.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

ADVERTISEMENT

Here is how Midland States Bancorp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Efficiency Ratio: 58% compared to the 60.7% average estimate based on two analysts.

  • Average Interest-Earning Assets: $7.11 billion versus $7.18 billion estimated by two analysts on average.

  • Net charge-offs to average loans: 0.3% compared to the 0.3% average estimate based on two analysts.

  • Net Interest Margin: 3.2% versus 3.2% estimated by two analysts on average.

  • Wealth management revenue: $7.13 million versus the two-analyst average estimate of $6.80 million.

  • Interchange revenue: $3.36 million versus the two-analyst average estimate of $3.75 million.

  • Net Interest Income (FTE)/Adjusted net interest income: $56.14 million versus the two-analyst average estimate of $57.15 million.

  • Service charges on deposit accounts: $3.12 million versus the two-analyst average estimate of $3 million.

  • Total Noninterest Income: $21.19 million compared to the $18.02 million average estimate based on two analysts.

View all Key Company Metrics for Midland States Bancorp here>>>

Shares of Midland States Bancorp have returned -2% over the past month versus the Zacks S&P 500 composite's -3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Midland States Bancorp, Inc. (MSBI) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research