• Midland States Bancorp, Inc. (NASDAQ: MSBI) reported an earnings per share (EPS) of -$0.24, missing the estimated EPS of $0.70, indicating financial challenges.
• The company generated a revenue of approximately $85.79 million, surpassing the estimated revenue and showing a 13.2% increase year-over-year.
• Despite losses, MSBI's adjusted earnings and revenue growth suggest potential for recovery, with a price-to-sales ratio of about 0.98 and an enterprise value to sales ratio of 2.11.

Midland States Bancorp, Inc. (NASDAQ: MSBI) is a financial services company that provides a range of banking products and services. The company operates primarily in the Midwest, offering commercial and retail banking, wealth management, and other financial services. MSBI competes with other regional banks and financial institutions in the area.

On January 22, 2026, MSBI reported an earnings per share (EPS) of -$0.24, which was below the estimated EPS of $0.70. This negative surprise of 24.29% highlights the company's ongoing financial challenges. Despite this, the company showed improvement from the previous year's EPS of -$2.52, indicating some progress in its financial performance.

The company generated a revenue of approximately $85.79 million, surpassing the estimated revenue of about $73.64 million. This revenue figure represents a 13.2% increase compared to the same period last year, as highlighted by Zacks. The positive revenue surprise of 9.01% suggests that MSBI is successfully growing its business, even as it faces earnings challenges.

MSBI's financial results for the fourth quarter of 2025 were impacted by a $21.4 million loss from the sale of its equipment finance portfolio and a $1.6 million loss from a small consumer loan portfolio sale. Excluding these transactions, the adjusted earnings available to common shareholders were $11.9 million, or $0.53 per diluted share, showing a significant improvement from the previous year's loss.

The company's financial ratios reflect its current challenges. With a negative price-to-earnings (P/E) ratio of approximately -4.30 and a negative earnings yield of -23.23%, MSBI is experiencing losses. However, its price-to-sales ratio of about 0.98 and enterprise value to sales ratio of 2.11 indicate that the company's market value is close to its sales, suggesting potential for recovery.