MSBI Stock Forecast & Price Target

Midland States Bancorp is expected to see an increase in EPS and PT due to higher spread and fee income, improved NIM and fee income outlook, and a potential increase in buybacks following the sale of non-core loan runoff. Additionally, the company's focus on core community banking and an increase in CET1 ratio are likely to improve its franchise value and profitability. With its solid financial performance and strategic initiatives, Midland States Bancorp is poised for strong growth and profitability in the coming years.

Midland States Bancorp is expected to see improvement in its revenue and profitability due to its ongoing focus on growing its community bank and improving credit quality, as well as expected net positive loan growth and ongoing share buyback activity. However, the company's expenses are likely to remain high as they continue to make hiring investments in wealth management and commercial/community bank areas. Additionally, their pro forma credit costs are expected to move closer to peer levels as their MEF portfolio has had high charge-offs in recent quarters.