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Midland States Bancorp keeps Buy rating after strong Q3 with improved earnings and asset quality.

Company Fundamentals
09 Nov 2026, 09:26 WIB
Seeking Alpha
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Bullish
Midland States Bancorp keeps Buy rating after strong Q3 with improved earnings and asset quality.

Midland States Bancorp reported strong Q3 2026 results, beating earnings expectations and improving asset quality. The bank's net interest margin exceeded 4%, boosted by higher yields on investment securities and a one-time interest recovery, supporting solid profitability. Despite risks from high commercial real estate loan concentration and elevated nonperforming loans, net charge-offs and past due loans have steadily declined. With a forward PE of 9.2 and a 4.16% dividend yield, Midland States Bancorp remains attractively valued, though challenges in deposit growth, funding costs, and unrealized securities losses persist.

Midland States Bancorp provides context for financial sector performance on Pluang as of Nov 09, 2026 14:11 WIB. Among 142 priced US financial stocks, 58 rose and 80 fell today. Notable movers include Equitable Holdings Inc. at USD 52.66 with a 6.17% decline and a typical hold time of 25 days, BitMine Immersion Technologies Inc. at USD 17.64 down 5.97% with a 6-day hold, and Corebridge Financial Inc. at USD 34.09 down 5.93% with a 15-day hold time.

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