Midland States Bancorp Q3 2026 net income more than triples to $20.6 million
MSBI•Midland States Bancorp’s third-quarter 2026 net income available to common shareholders more than tripled year over year to $20.6 million. Net interest margin rose to 4.03%, and management expects a full-year effective tax rate of about 23%.
1. Quarterly results
Third-quarter net income available to common shareholders more than tripled year over year to $20.6 million. Net interest margin rose from the previous quarter to 4.03%, benefiting from a $1.6 million interest recovery.
2. Credit and tax outlook
Net charge-offs fell 57% from the second quarter to $5.35 million, while nonperforming loans declined to $58.69 million. Management expects an approximately 23% effective tax rate for full-year 2026.
