What Midland's $5 Million Write-Off Teaches About the Next Phase of the Trucking Slow Down [Yahoo! Finance]
Midland States Bancorp, Inc. (MSBI)
Last midland states bancorp, inc. earnings: 4/23 04:30 pm
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Source: Yahoo! Finance
In its third-quarter earnings release, Midland States Bancorp revealed that trucking industry woes triggered $5 million in equipment finance charge-offs for the quarter, prompting the Illinois-based lender to walk away from equipment financing altogether. That decision wasn't made lightly. For years, banks leaned on equipment finance as a stable, asset-backed business line. But when carriers start missing payments and the resale value of used trucks keeps slipping, those assets stop looking so “secure.” And Midland isn't alone. Across the board, lenders like Beacon Financial and Banc of California are scaling back — while First Citizens BancShares is tightening its belt and boosting its collections teams just to stay ahead of potential losses. Midland's Full Stop — The Trucking Fallout Midland's story is the headline. The company reported its equipment finance loan balance down 26.1% year-over-year, falling to $326.9 million, with leases dipping another 25.5% to $311 million
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News
- Midland States Bancorp (NASDAQ:MSBI) had its "neutral" rating reaffirmed by analysts at Piper Sandler.MarketBeat
- Midland States Bancorp Announces Sale of Substantially All of Its Equipment Finance Portfolio to North Mill Equipment Finance [Yahoo! Finance]Yahoo! Finance
- Midland States Bancorp Announces Sale of Substantially All of Its Equipment Finance Portfolio to North Mill Equipment FinanceGlobeNewswire
- Midland States Bancorp (NASDAQ:MSBI) had its "sell (d+)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Midland States Bancorp (NASDAQ:MSBI) had its "sell (d)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
MSBI
Earnings
- 10/30/25 - Miss
MSBI
Sec Filings
- 12/4/25 - Form 4
- 12/4/25 - Form 4
- 12/4/25 - Form 4/A
- MSBI's page on the SEC website