Midland States Bancorp reported third‑quarter 2025 earnings of net income $5.3 million and earnings per share $0.24, on revenue of $81.13 million. Revenue rose 9.2% from $74.29 million in the same quarter of 2024 and exceeded the consensus estimate of $79.75 million, while EPS fell short of the $0.61 estimate.
The company recorded a $15 million charge for its equipment‑finance portfolio. Non‑performing assets totaled $70 million, or 1.02% of total assets, down from 1.15% in the second quarter of 2025 and 1.56% in the second quarter of 2024. Midland also announced it has ceased new originations in equipment finance to further reduce exposure to higher‑risk assets.
Capital and liquidity metrics improved: the common equity tier‑1 ratio rose to 9.4% and the company is on track to reach its 10.0% target. Midland redeemed $50.75 million of subordinated notes scheduled for September 30, 2025.
The wealth‑management segment generated a record $8 million in revenue, and the community bank reported deposit growth during the quarter.
Net interest margin expanded to 3.79% from 3.56% in the second quarter, driven by a decline in the cost of deposits following late‑2024 Federal Reserve rate cuts.
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