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Mainstreet Bankshares Inc
Midland States Bancorp, Inc. (mree) is a bank holding company for Midland States Bank, which provides a range of community banking services to individuals, businesses, and municipalities. The company operates in two segments: Banking and Other.
Financial Overview:
* As of December 31, 2020, Midland States Bancorp had total assets of $7.2 billion, loans outstanding of $5.2 billion, and total deposits of $6.1 billion.
* The company's net interest income for the year ended December 31, 2020 was $235.8 million, representing an increase of 4.1% compared to the prior year.
* Midland States Bancorp's net interest margin for the year ended December 31, 2020 was 3.32%, compared to 3.27% for the prior year.
* The company's non-interest income for the year ended December 31, 2020 was $93.3 million, representing an increase of 3.3% compared to the prior year.
* Midland States Bancorp's non-interest expense for the year ended December 31, 2020 was $225.2 million, representing an increase of 6.1% compared to the prior year.
* The company's return on average assets for the year ended December 31, 2020 was 1.20%, compared to 1.22% for the prior year.
* Midland States Bancorp's return on average equity for the year ended December 31, 2020 was 11.6%, compared to 11.9% for the prior year.
Earnings and Growth:
* Midland States Bancorp's diluted earnings per share for the year ended December 31, 2020 was $2.46, representing an increase of 4.2% compared to the prior year.
* The company has reported positive earnings for the past 10 consecutive years.
* Midland States Bancorp has a history of consistent earnings growth, with an average annual increase in diluted earnings per share of 11.6% over the past 5 years.
* The company has a strong capital position, with a total risk-based capital ratio of 15.5% as of December 31, 2020, well above the regulatory minimum.
The company has a strong track record of financial performance and earnings growth. However, as with any investment, it's important to conduct your own research and consider seeking advice from a financial advisor.