# Midland States (MSBI) — Earnings

MSBI · NASDAQ · Stock

Canonical page: https://www.lighthorse.io/tickers/msbi/earnings

## Most recent quarter

| Metric | Value |
| --- | --- |
| Fiscal period | Q2 2026 |
| Period end | Jun 30, 2026 |
| EPS actual | $0.82 |
| EPS estimate | $0.78 |
| EPS surprise | +4.86% |
| Revenue surprise | +3.77% |
| Revenue | $83.7M |
| Revenue estimate | $80.7M |
| Reported | Jul 23, 2026 |
| SEC filing | [View filing](https://www.sec.gov:443/Archives/edgar/data/1466026/000146602626000078/msbi-20260630.htm) |

Midland States reported Q2 2026 results on July 23, 2026. Earnings per share were $0.82, ahead of the $0.78 estimate by 4.86%. Revenue was $83.7 million, 3.77% above the $80.7 million consensus. Compared with Q2 2025, EPS rose about 86% from $0.44, while revenue edged up about 1% from $82.5 million.

The longer record shows steady revenue but volatile earnings. Annual revenue stayed between $300.6 million and $325.8 million from 2022 to 2025. Annual EPS fell from $4.23 in 2022 to $3.27 in 2023, then turned to a loss of $1.05 in 2024, before a profit of $1.01 in 2025. Two fourth quarters were losses: $2.52 per share in Q4 2024, the low in the table, and $0.24 in Q4 2025. Q4 2022 holds the EPS high at $1.30. The first half of 2026 adds up to $1.56 per share, against $1.01 a year earlier. Over the last 12 quarters, results beat the EPS estimate five times and missed seven times.

Third-quarter results came out between October 20 and October 30 in each of the past five years. That points to late October 2026 for the next report. It will show whether the first-half improvement in earnings continues.

## Earnings history

| Fiscal period | Report date | EPS estimate | EPS actual | Surprise | Revenue estimate | Revenue actual |
| --- | --- | --- | --- | --- | --- | --- |
| Q2 2026 | Jul 23, 2026 | $0.78 | $0.82 | 4.86% | $80.7M | $83.7M |
| Q1 2026 | Apr 23, 2026 | $0.61 | $0.74 | 20.92% | $75.6M | $81.1M |
| Q4 2025 | Jan 22, 2026 | $0.14 | −$0.24 | -269.01% | $74.7M | $85.8M |
| Q3 2025 | Oct 30, 2025 | $0.64 | $0.24 | -62.50% | $79.0M | $81.3M |
| Q2 2025 | Jul 24, 2025 | $0.63 | $0.44 | -29.88% | $76.2M | $82.5M |
| Q1 2025 | Apr 30, 2025 | $0.52 | $0.57 | 10.04% | $72.6M | $76.2M |
| Q4 2024 | Jan 23, 2025 | $0.67 | −$2.52 | -473.89% | $73.6M | $75.9M |
| Q3 2024 | Oct 24, 2024 | $0.64 | $0.74 | 15.63% | $73.1M | $74.5M |
| Q2 2024 | Jul 25, 2024 | $0.70 | $0.20 | -71.43% | $74.8M | $72.9M |
| Q1 2024 | Apr 25, 2024 | $0.72 | $0.53 | -26.18% | $74.9M | $77.3M |
| Q4 2023 | Jan 25, 2024 | $0.79 | $0.84 | 5.79% | $75.5M | $80.6M |
| Q3 2023 | Oct 26, 2023 | $0.77 | $0.71 | -7.79% | $75.6M | $75.3M |
| Q2 2023 | Jul 27, 2023 | $0.80 | $0.86 | 7.50% | $76.7M | $78.0M |
| Q1 2023 | Apr 27, 2023 | $0.82 | $0.86 | 4.88% | $77.6M | $77.2M |
| Q4 2022 | Jan 26, 2023 | $1.04 | $1.30 | 24.52% | $81.9M | $80.1M |
| Q3 2022 | Oct 20, 2022 | $1.01 | $1.04 | 2.97% | $79.4M | $80.3M |
| Q2 2022 | Jul 28, 2022 | $0.93 | $0.97 | 4.02% | $75.6M | $77.2M |
| Q1 2022 | Apr 28, 2022 | $0.86 | $0.92 | 7.29% | $72.0M | $73.2M |
| Q4 2021 | Jan 27, 2022 | $0.88 | $1.02 | 16.57% | $72.1M | $77.4M |
| Q3 2021 | Oct 28, 2021 | $0.84 | $0.86 | 2.69% | $69.1M | $69.8M |

## Frequently Asked Questions

### When did Midland States (MSBI) last report earnings?

Midland States last reported on Jul 23, 2026, covering fiscal Q2 2026.

### Did MSBI beat earnings estimates?

Yes. Midland States reported EPS of $0.82 for Q2 2026 against a $0.78 estimate — a 4.86% beat.

### How much revenue did MSBI report last quarter?

Midland States reported $83.7M in revenue for Q2 2026, against a consensus estimate of $80.7M.

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Earnings figures may be restated, revised or corrected by the issuer. Past results do not indicate future performance.

This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).