Midland States Bancorp posted Q2 2026 net income available to common shareholders of $17.7 million, rising 9.26% from Q1; diluted EPS climbed 10.81% to $0.82.
Net interest margin widened 0.07 percentage points to 3.98%; return on average assets edged up to 1.22% from 1.16% in Q1.
Total loans fell $94.9 million to $4.24 billion, reflecting planned runoff in specialty finance and non-core portfolios; total deposits increased $267.2 million to $5.71 billion.
Net charge-offs rose to $12.5 million from $6.7 million in Q1, including an $8.6 million charge-off tied to a nonperforming commercial real estate credit.
CEO Jeffrey G. Ludwig cited continued progress in transforming the bank, highlighting margin expansion, reduced reliance on higher-cost brokered deposits, and higher capital.
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