Midland States Bancorp (Midland States Bancorp) Credit Losses Provision : $32.0 Mil (As of Mar. 2024)

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What is Midland States Bancorp Credit Losses Provision?

Midland States Bancorp's credit losses provision for the three months ended in Mar. 2024 was $14.0 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2024 was $32.0 Mil.

Midland States Bancorp's quarterly credit losses provision increased from Sep. 2023 ($5.2 Mil) to Dec. 2023 ($7.0 Mil) and increased from Dec. 2023 ($7.0 Mil) to Mar. 2024 ($14.0 Mil).

Midland States Bancorp's annual credit losses provision increased from Dec. 2021 ($3.4 Mil) to Dec. 2022 ($20.1 Mil) and increased from Dec. 2022 ($20.1 Mil) to Dec. 2023 ($21.1 Mil).

Midland States Bancorp Credit Losses Provision Historical Data

The historical data trend for Midland States Bancorp's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Midland States Bancorp Credit Losses Provision Chart

Midland States Bancorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

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16.99

44.36

3.39

20.13

21.13

Midland States Bancorp Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Credit Losses Provision	Get a 7-Day Free Trial															3.14	5.88	5.17	6.95	14.00

Midland States Bancorp Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $32.0 Mil.

Midland States Bancorp (Midland States Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Midland States Bancorp Inc (NAS:MSBI) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

6HU:Germany

Address

1201 Network Centre Drive, Effingham, IL, USA, 62401

Website

https://www.midlandsb.com

Midland States Bancorp Inc is a diversified financial holding company. The company provides a full range of commercial and consumer banking products and services, business equipment financing, merchant credit card services, trust and investment management, and insurance and financial planning services. The Banking segment provides a wide range of financial products and services to consumers and businesses, including commercial, commercial real estate, mortgage and other consumer loan products; commercial equipment financing; mortgage loan sales and servicing; letters of credit. etc. The Wealth Management segment consists of trust and fiduciary services, brokerage and retirement planning services. The Other segment includes the operating results of the parent company.

Executives

Donald J. Spring	officer: Chief Accounting Officer	1201 NETWORK CENTRE DRIVE, EFFINGHAM IL 62401
Douglas J. Tucker	officer: SVP Corporate Counsel	MIDLAND STATES BANCORP, INC., 133 WEST JEFFERSON AVENUE, EFFINGHAM IL 62401
Richard Dean Bingham	director	1201 NETWORK CENTRE DRIVE, EFFINGHAM IL 62401
Jeffrey S. Mefford	officer: EVP-Banking, Midland States Bank	MIDLAND STATES BANCORP, INC., 133 WEST JEFFERSON AVENUE, EFFINGHAM IL 62401
Robert F. Schultz	director	MIDLAND STATES BANCORP, INC., 133 WEST JEFFERSON AVENUE, EFFINGHAM IL 62401
Jeffrey C. Smith	director	MIDLAND STATES BANCORP, INC., 133 WEST JEFFERSON AVENUE, EFFINGHAM IL 62401
Eric Lemke	officer: Chief Financial Officer	1201 NETWORK CENTRE DRIVE, EFFINGHAM IL 62401
Jerry L. Mcdaniel	director	1201 NETWORK CENTRE DRIVE, EFFINGHAM IL 62401
Sherina M. Edwards	director	1201 NETWORK CENTRE DRIVE, EFFINGHAM IL 62401
Jeffrey A. Brunoehler	officer: SVP Credit - CCO, Midland States Bank	MIDLAND STATES BANCORP, INC., 133 WEST JEFFERSON AVENUE, EFFINGHAM IL 62401
Jeffrey G. Ludwig	officer: EVP & CFO	MIDLAND STATES BANCORP, INC., 133 WEST JEFFERSON AVENUE, EFFINGHAM IL 62401
Jeffrey M Mcdonnell	director	1201 NETWORK CENTRE DRIVE, EFFINGHAM IL 62401
John M Schultz	director	MIDLAND STATES BANCORP, INC., 133 WEST JEFFERSON AVENUE, EFFINGHAM IL 62401
Leon J Holschbach	director, officer: CEO	C/O MIDLAND STATES BANCORP, INC., 133 WEST JEFFERSON AVENUE, EFFINGHAM IL 62401
Stephen A. Erickson	officer: Chief Financial Officer	1201 NETWORK CENTRE DRIVE, EFFINGHAM IL 62401