Images By Tang Ming Tung
Introduction
Midland States Bancorp (NASDAQ:MSBI) is a regional bank who has not been exempt from the woes of the banking sector. Higher interest rates and deposit flight have challenged the bank’s ability to maintain
Midland States Bancorp: Some Improvement, But Still Avoiding Preferred Shares
Summary
- Midland States Bancorp faces challenges with declining net interest income, deposit loss, and increased reliance on external financing.
- The bank has improved its allowance for credit losses, but still faces risks with non-accrual loans and potential loan losses.
- Common shares are avoided due to uncertainty, while preferred shares are upgraded to a hold pending further developments.
About My Writing: I am currently focused on income investing through either common shares, preferred shares, or bonds. I will occasionally break away and write about the economy at large or a special situation involving a company I've been researching in. I target two articles per week for publication on Monday and Tuesday.About My Background: Bachelors in history/political science, Masters in Business Administration with a specialization in Finance and Economics. I enjoy numbers. I have been investing since 2000. Professionally, I am the CEO of an independent living retirement community in Illinois.
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