Midland States Bancorp Inc. has released its consolidated financial summary for the period ending March 31, 2025. The company reported a total noninterest expense of $48.9 million. Income before income taxes was recorded at $18.8 million, with an income tax expense of $4.0 million, leading to a net income of $14.8 million. After accounting for preferred stock dividends of $2.2 million, net income available to common shareholders stood at $12.6 million. Basic and diluted earnings per common share were both reported at $0.57. The loan portfolio mix as of March 31, 2025, included commercial loans totaling $869 million, equipment finance loans amounting to $390.3 million, and equipment finance leases valued at $373.2 million, leading to a total of $1.63 billion in commercial loans and leases. Additionally, the commercial real estate portfolio was valued at $2.59 billion, with construction and land development loans at $265 million and residential real estate at $373.1 million. No specific guidance or outlook regarding future performance or anticipated levels of noninterest income and operating expenses was detailed in the current report.
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