EFFINGHAM, Ill. (AP) — EFFINGHAM, Ill. (AP) — Midland States Bancorp, Inc. (MSBI) on Thursday reported a loss of $2.9 million in its fourth quarter.
The bank, based in Effingham, Illinois, said it had a loss of 24 cents per share. Earnings, adjusted for non-recurring costs, came to 53 cents per share.
The company posted revenue of $119 million in the period. Its revenue net of interest expense was $85.6 million, which topped Street forecasts.
For the year, the company reported profit of $124.3 million, or $6.14 per share. Revenue was reported as $325 million.
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