Midland States cleared both estimates on the strength of record Wealth Management revenue and a seven basis point margin expansion to 3.98%, as net interest income surged 65% and the bank proved its restructuring strategy is working.
Midland States Bancorp :
MSBI
MSBI
Stock Data
$33.47
$0.27 (0.80%)
Asset Type
Common Stock
Exchange
NASDAQ
Currency
USD
Country
USA
Sector
FINANCIAL SERVICES
Industry
BANKS - REGIONAL
Midland States Bancorp Inc, headquartered in Effingham, Illinois since 1881, offers a broad spectrum of financial services. This includes commercial and residential loans, catering to needs from agricultural equipment financing to homeowner mortgages. It also provides consumer installment loans for personal purchases like cars and boats. Beyond lending, Midland offers wealth management, including estate planning and investment services, alongside traditional banking products such as checking and savings accounts. Its clientele ranges from individuals and businesses to municipalities, emphasizing a comprehensive approach to financial solutions.
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