Midland States Bancorp reported a net income of $23.1 million, or $1.02 diluted earnings per share, for the fourth quarter of 2021. Adjusted earnings were $25.4 million, or $1.12 per diluted share. The company experienced record loan production and strong inflows of noninterest-bearing deposits.
Net income for Q4 2021 was $23.1 million, or $1.02 diluted earnings per share.
Adjusted earnings for Q4 2021 were $25.4 million, or $1.12 per diluted share.
Total loans outstanding were $5.22 billion at December 31, 2021.
Total deposits were $6.11 billion at December 31, 2021.
Based on current lending pipelines and improving loan demand, the company expects strong loan growth in 2022 and relatively flat expense levels compared to 2021.
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