Midland States Bancorp Inc. has reported its financial results for the fiscal year ending December 31, 2024. The company reported a net income of $34.7 million, a significant decrease from the $61.2 million reported in the previous year. This decline was primarily attributed to a $12.5 million decrease in net interest income, a $37.8 million increase in the provision for credit losses, and a $14.8 million increase in noninterest expense. These impacts were partially mitigated by a $24.0 million increase in noninterest income and an $18.0 million decrease in income tax expense. Diluted earnings per common share were reported at $1.32, down from $2.33 in 2023. The company's primary source of revenue, net interest income, experienced a decline, reflecting changes in the volume and mix of interest-earning assets and funding sources. Midland States Bancorp Inc., a diversified financial holding company headquartered in Effingham, Illinois, reported $7.51 billion in assets as of the end of 2024. The company continues to provide a range of financial services through its wholly-owned banking subsidiary, Midland States Bank, with branches in Illinois and Missouri.