EFFINGHAM, Ill. (AP) — EFFINGHAM, Ill. (AP) — Midland States Bancorp, Inc. (MSBI) on Thursday reported third-quarter net income of $7.6 million.
The bank, based in Effingham, Illinois, said it had earnings of 24 cents per share.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 61 cents per share.
The company posted revenue of $118.5 million in the period. Its revenue net of interest expense was $81.1 million, exceeding Street forecasts.
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