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Dec 31, 2021
Midland States Q4 2021 Earnings Report
Reported net income and adjusted earnings increase driven by loan growth and noninterest income.
Key Takeaways
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.
Midland States
Midland States
Forward Guidance
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.
Positive Outlook
- Expect to deliver another year of strong loan growth in 2022.
- Expect to keep expense levels relatively flat compared to 2021.
- Continuing to increase technology investment to improve revenue generation capabilities.
- Continuing to enhance client service.
- Focused on building relationship-based commercial and commercial real estate loans funded by low-cost deposits.