For the quarter ended December 2023, Midland States Bancorp (MSBI) reported revenue of $78.59 million, down 19.3% over the same period last year. EPS came in at $0.89, compared to $0.85 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $75.65 million, representing a surprise of +3.89%. The company delivered an EPS surprise of +12.66%, with the consensus EPS estimate being $0.79.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock’s price performance more accurately.
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: 55.2% versus 58.1% estimated by two analysts on average.
- Average Interest-Earning Assets: $7.20 billion compared to the $7.29 billion average estimate based on two analysts.
- Net charge-offs to average loans: 0.3% compared to the 0.2% average estimate based on two analysts.
- Net Interest Margin: 3.2% versus 3.2% estimated by two analysts on average.
- Wealth management revenue: $6.60 million versus $6.19 million estimated by two analysts on average.
- Interchange revenue: $3.59 million versus the two-analyst average estimate of $3.82 million.
- Net Interest Income (FTE)/Adjusted net interest income: $58.26 million versus the two-analyst average estimate of $58.55 million.
- Other non-interest (loss) income: $7.76 million versus the two-analyst average estimate of $3.50 million.
- Service charges on deposit accounts: $3.25 million versus $2.95 million estimated by two analysts on average.
- Total Noninterest Income: $20.51 million compared to the $17.18 million average estimate based on two analysts.
View all Key Company Metrics for Midland States Bancorp here>>>
Shares of Midland States Bancorp have returned -4.7% over the past month versus the Zacks S&P 500 composite’s +2.5% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
Midland States Bancorp, Inc. (MSBI) : Free Stock Analysis Report
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