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Stock impact report

Midland States Bancorp, Inc. Announces 2017 Fourth Quarter Results

Midland States Bancorp, Inc. (MSBI) 
Last midland states bancorp, inc. earnings: 4/23 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.midlandsb.com
Company Research Source: GlobeNewswire
Highlights • Net income of $2.0 million, or $0.10 diluted earnings per share, included the following significant items $0.23 per diluted share in tax expense due to the revaluation of deferred tax assets   $0.08 per diluted share of integration and acquisition expenses • Two charge-offs drive $4.6 million increase in provision for loan losses compared to prior quarter, impacting EPS by $0.14 per diluted share • Total loans increase at 9% annualized rate • Efficiency ratio improves to 64.6% from 69.0% in third quarter 2017 • Acquisition of Alpine Bancorporation expected to close by the end of February 2018 EFFINGHAM, Ill., Jan. 25, 2018 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ:MSBI) (the “Company”) today reported financial results for the fourth quarter of 2017, which included $2.7 million, or $0.08 per diluted share, in integration and acquisition expenses, and $4.5 million, or $0.23 per diluted share, in tax expense related to the revaluation of the Company’s Show less Read more
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