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News  ›  GlobeNewswire Inc.

Midland States Bancorp, Inc. Announces 2025 Third Quarter Results

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Jeffrey G. Ludwig, President And Ceo
Midland States Bancorp, Inc. Announces 2025 Third Quarter Results

Midland States Bancorp reported lower Q3 2025 net income of $5.3 million due to increased provisions in equipment finance portfolio, ceased equipment finance production, and reduced problem loans while maintaining strong wealth management performance.

Insights
GOOGL   positive

Reported 12% revenue growth, 28% Google Cloud revenue increase, 46% net income growth, and successful AI model deployment with Gemini 2.5


MSBI   negative

Net income decreased significantly from $18.2 million in Q3 2024 to $5.3 million in Q3 2025, with $15 million provision in equipment finance portfolio and decision to cease equipment finance originations indicating ongoing credit quality challenges