Midland States Bancorp Q2 2026: EPS $0.82, NIM Expands to 3.98%, CET1 Hits 10.4%
MSBI has more than doubled off its 52-week low of $14.24.
Summary
Midland States Bancorp reported Q2 2026 EPS of $0.82, up from $0.74 in Q1, with net interest margin expanding to 3.98% and CET1 capital ratio improving to 10.4%. Deposit growth and lower-cost funding offset a spike in net charge-offs tied to a single CRE credit resolution.
Key Events · Earnings and Guidance · MSBI
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Q2 2026 Earnings Beat
Net income available to common shareholders reached $17.7 million, or $0.82 per diluted share, compared to $0.74 in Q1 2026 and $0.44 in Q2 2025.
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Net Interest Margin Expansion
The net interest margin improved to 3.98%, up seven basis points sequentially, driven by favorable loan repricing and a three-basis-point decline in the cost of deposits to 1.78%.
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Deposit Growth and Funding Mix Improvement
Total deposits increased $267.2 million to $5.71 billion, with retail and commercial deposits growing while higher-cost brokered deposits declined $100.9 million.
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Capital Strengthening
The CET1 ratio rose to 10.4%, exceeding the near-term target of 10%; tangible book value per share increased to $21.41 from $20.77 in Q1.
Analysis · MSBI · Finance
A strong second quarter for Midland States Bancorp saw net income available to common shareholders climb to $17.7 million, or $0.82 per diluted share, up from $0.74 in the prior quarter. Driving the improvement, the net interest margin expanded seven basis points to 3.98%, helped by favorable loan repricing and lower funding costs. Deposits grew $267 million while higher-cost brokered deposits declined, improving the funding mix. Capital ratios strengthened, with CET1 reaching 10.4%—exceeding the near-term target—and the company continued returning capital to shareholders through buybacks. Credit quality showed mixed signals: past-due and substandard loans declined, but net charge-offs spiked to $12.5 million, largely due to an $8.6 million charge-off on a previously identified nonperforming commercial real estate loan. The results highlight the bank's ongoing transformation into a higher-performing community bank, with core profitability improving and balance sheet simplification progressing.
How filings like this one have moved
In the 30 days to Sep 15, 2026, 29.9% of the 1678 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.25%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, MSBI was trading at $30.97 on NASDAQ in the Finance sector, with a market capitalization of approximately $642M. The 52-week trading range was $14.24 to $31.82. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.