Midland States Bancorp Inc
For the period ended Mar 31, 2024. Filed May 9, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 9, 2024
MSBI$32.44+0.5%Stored close · as of Nov 10, 2026
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Consolidated Statements of Comprehensive Income for the and
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME — (UNAUDITED)
(dollars in thousands)
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Net income | $13,885 | $21,772 |
| Other comprehensive income (loss): | ||
| Investment securities available for sale: | ||
| Unrealized (losses) gains that occurred during the period | (7,037) | 5,364 |
| Reclassification adjustment for realized net losses on sales of investment securities included in net income | — | 648 |
| Income tax effect | 1,900 | (1,622) |
| Change in investment securities available for sale, net of tax | (5,137) | 4,390 |
| Cash flow hedges: | ||
| Net unrealized derivative gains on cash flow hedges | 644 | 2,206 |
| Income tax effect | (173) | (596) |
| Change in cash flow hedges, net of tax | 471 | 1,610 |
| Other comprehensive (loss) income, net of tax | (4,666) | 6,000 |
| Total comprehensive income | $9,219 | $27,772 |
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