Midland States Bancorp: Why I Sold The Preferred Shares [Seeking Alpha]
Midland States Bancorp, Inc. (MSBI)
Last midland states bancorp, inc. earnings: 4/23 04:30 pm
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US:NASDAQ Investor Relations:
investors.midlandsb.com
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Source: Seeking Alpha
Net interest income remains above pre-pandemic levels, but balance sheet results were mixed in 2023. I have concerns including high exposure to commercial real estate and an increase in nonperforming loans. Midland States Bancorp, Inc. ( NASDAQ: MSBI ) is a regional bank whose shares are still down slightly compared to the period prior to the regional bank crisis last March. Last summer, I wrote about my investment in the bank's 7.75% Series A preferred shares MSBIP ). Recently, after reviewing the bank's financials and seeing the price of preferred shares above par, I decided to sell the preferred shares. Like many other regional banks, Midland States has seen both its interest income and interest expenses rise in the face of higher interest rates. Fortunately for the bank, net interest income (interest income less interest expenses) remains above pre-pandemic levels despite sliding slightly from 2022 levels. Midland States' balance sheet showed mixed results in 2023, especi
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News
- Midland States Bancorp (MSBI) Reports Q1 Earnings: What Key Metrics Have to Say [Yahoo! Finance]Yahoo! Finance
- Midland States Bancorp (MSBI) Lags Q1 Earnings Estimates [Yahoo! Finance]Yahoo! Finance
- Midland States Bancorp, Inc. Announces 2024 First Quarter Results [Yahoo! Finance]Yahoo! Finance
- Midland States Bancorp, Inc. Announces 2024 First Quarter ResultsGlobeNewswire
- Why Midland States Bancorp (MSBI) Could Beat Earnings Estimates Again [Yahoo! Finance]Yahoo! Finance
MSBI
Earnings
- 4/25/24 - Miss
MSBI
Sec Filings
- 4/25/24 - Form 8-K
- 4/1/24 - Form 4
- 4/1/24 - Form 4
- MSBI's page on the SEC website