MSBI - Earnings call transcript Q1 2022 | Midland States Bancorp, Inc.

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Operator

Good day, and thank you for standing by. Welcome to the Q1 2022 Midland States Bancorp Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers’ presentation, there’ll be a question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded. now today, hand Mr. would to conference I speaker your Instructions] like the to over [Operator Tony of Rossi Financial Profiles. Mr. Rossi, the floor is yours.

Tony Rossi

Good for Bancorp Chris. joining call. you, morning, thank and Thank you us today quarter the first States Midland XXXX earnings everyone, for

management slide from Jeff are of morning. discussion presentation Officer; as Midland’s Chief Officer. We'll Ludwig, Chief this Eric part Lemke, Joining Financial and be Executive team us President and using a our

page at you presentation. the Presentations If not Webcast download to already, done the Investor visit please Midland’s a have so of website Relations and copy

we from obligation you update company’s with expressed call future to be factors Before could available discussed begin, implied in performance forward-looking Midland which this call. I'd the such the risks The company’s to website. materially statements results company that on are by to remind like and are statements factors statements. that and forward-looking Bancorp, SEC any actual any condition filings, Various of to forward-looking These States cause the contains made results future during financial conference respect involve the any different or disclaims uncertainties.

the may refer supplement, not comparable measures for which to to are but quantitative on directly to press intended GAAP contains the to to over most GAAP release with a measures. The non-GAAP be financial to the non-GAAP substitute, call measures. the available management website Additionally, information other of And the turn and I’d discussed as today, well Jeff. reconciliation as that, Jeff? like

Jeff Ludwig

slide of on States everyone. I'm Welcome to call. the three start the morning the with Midland highlights earnings Good to first quarter. going

the first margin of notably, the of pretax, and income year. to $XX with return disciplined continuation seeing we share, average of organic a being expense This commercial quarter than average of slower a of generate operating equity our saw on million return higher growth second in the commercial in on in had growth and net are earnings strong average trends for return new consistent had growth provision resulted the we typically control. increased, we positive all improvement is loan as assets Most last quarter pretax and in and quarters very the loan we half teams have in level markets. million. leverage. adjusted quarter interest per now strong have expanding loan $XX.X presence of pre-provision, increased period experienced we had of We of we higher $X.XX Relative real level realize on pre and commercial the profitability expected, common we of year. a $XXX originations, estate The more originations. assets the reflects built many net the which million first higher and XXXX, strong tangible or loan the we have and of last we quarter reflects first XXX% strong another which banking production, As Despite more productive in seasonally originations

provides being quarter, for perspective, loans continue a team. was towards impacted multi-family lending, weighted had we Within good that Our this production finance commercial this XXXX, payoff properties to of loan geographic bridge a excess resources and a market, higher the development changes capabilities quarter The production real to primarily leadership and more our the business team we portfolio. of finance had have although equipment and strong record in growth production estate which of additional the we of level of first from care margin. heavily senior about loan production commercial strong than XX% Midland of in lot in earning in growth growth we higher a originates From significant the resulted loans expansion results quarter had reflects redeploy our in financing. originations, annualized with in assets net see to liquidity the in following XX% and have to which a group mix specialty This HUD loans. improved as our quarter St. level us a enabled strong in total Louis the loan added loan into interest shift we our in portfolio, favorable our in resulted

to increase originations, are which in We we increase higher margin. on loan relatively rates net while growth the interest income, flat are seeing and levels. net contributing our expense maintaining in the is loan Notably, new also generating interest strong

made kept have continuing mentioned but and banking we changes technology teams past the platform. have we we in As have years productivity upgraded overall over quality have investments personnel our teams. many also to the in made consistent, of we've our of the the are in the size the couple from more that And past, efficiencies we of relatively realize

efficiencies are seeing Eric fall are our details bottom-line degree around inflationary going to particularly first able in have allows and provide costs, this improve increasing to quarter we while I'm point, offset to earnings turn call to At this we performance result, some which the the productivity, over pressure of our a some growth more and generating As organic returns. to of and strong largely by labor been we pressure, to the additional

Eric Lemke

loan again, we'll morning and and a everyone. our at Thanks take I'm starting on Jeff, portfolio. four look good slide

end the Our from total million $XXX increased of quarter. the prior loans

growth the portfolio, commercial Jeff came which estate As in increased real first the strongest XX% during the mentioned, quarter.

consumer in were FHA real estate finance, lines, We forgiveness residential credit conventional, increases loans. warehouse by commercial loans, continued and also the and our of These PPP loans. declines increases small partially offset equipment had in commercial,

as savings customers a and attributable market, transfer starting accounts. take deposits, at million and deposits, quarter. checking, bearing look which development, which new in commercial was $XX was servicing was we'll non-interest Total to deposits. balances the five, of fluctuations decline deposits. money primarily as slide in clients to decreased largest The and interest to had of Turning deposits due from non-interest our to balances prior end-of-period inflows growth We from some well out bearing FHA business bearing

One focus market new St. increase we the in our In million our share have deposit business first balances the development had of Louis. $XXX the commercial increased we this in quarter, is to the in contributors market. in growing

we'll Looking in at through our the slide margin. interest trends and six, walk income net

our income higher loan brought by quarter, margin. net due Our prior $XXX interest down interest increase which the average million We of the prior This the of our earning or net mix increase strong drove in growth. primarily net excluded. redeployed was points cash our when margin, increased interest primarily a income into end favorable our and shift loan from quarter, to X.X% from basis portfolio basis the balances assets point in XX the to fund balances our is accretion XX loan in

across commercial some to the equipment improvement which new our month lending. rates December. is impacting also in In increase, on interest seeing basis an The and the was XX points of seeing new finance positively our our this interest we increased most of X.XX%, are from renewed of March, we're loan the margin. on net of although all rate rates loans our significant month increase pricing, business, originations higher driver As average is

trends seven, we'll management Turning wealth the our look to business. at slide in

wealth strong reflects fees administration. increased our offset wealth market the our under the decrease Our $XXX prior revenue our XX%, seasonal as sources the performance. revenue which assets flat the prior under quarter decrease, to preparation our was that administration assets of the primarily first tax in with end due quarter recurring of from growing Despite management progress of decreased quarter, million by income. management to the Compared year, the prior essentially on

non-interest the from million quarter, prior of decrease first slide Turning had we'll in of the to income. eight, We which income at quarter, on one-time a items. non-interest XX.X% look included a number $XX.X in

were except impairment rates slightly of Excluding decreased on from servicing $X.X interest commercial to these as due down most items, to refinancing previous the areas activity which continue quarter, for increase. non-interest rights, mortgage million income

expenses nine, recorded and had last our a acquisition the lower, prior take all to our excluding was prepayment a and at quarter for the slide advanced enabled integration offset fee slight non-interest major higher, which to operating in essentially XXXX. an each the we'll with and flat adjusted Turning quarter. basis FHLB expenses peek essentially line non-interest expense variances some on in expenses, low us end bit we bit at provided the of of each in some come a other guidance item, range We

completion acquisition the second relatively Looking although to on branch will personnel some FNBC keep occupancy expenses. ahead additional of stable, to we the the quarter, and expect expenses bring

mix to provision loss with the $X.X no and XX, credit commercial impact in quarter this On loans. recorded XX largely change segmented from more currently the our $X.X attributable loans of driven million. portfolio. components the losses slide had continued with favorable from of losses of the in upgrades quarter, growth of And the pandemic basis quarter, which for the and charge-offs trends, on declining. net one XX, a borrowers portfolio losses We credit, slide to will for real million increased prior was non-performing loans. We end the asset by million $XX.X trends in of entirely total our growth the the portfolio. quality at prior of increased the the total points in slide of the approximately one our were XX, watchlist or Outside million, performance the we credit average to show by demonstrate ACL $X.X expected. the in credit in of for loan end estate which loans generally loans allowance was loans related sustained allowance The as where was show look Turning of we'll is changes increase then by on

And Jeff? I'll Given the over coverage back positive bring trends seeing, that, down we're most call to our continue portfolio. to the Jeff. ratios with areas we the of in turn

Jeff Ludwig

wrap-up Thanks with some outlook. slide on comments Eric. XX on our We'll

estate very remains another pipeline on demand commercial growth. healthy pipeline, current strong in loan Based expect see we and commercial good we continue lending. our loan of real Our and both quarter to

level difficult the we in loan as half current predict based rates loan interest how loan of year, But demand. on second growth double-digit low Beyond XXXX. rising trends, growth expect uncertain to will of in that the it's the it's impact

We're expansion net could continues already of in loans increase margin. Although significant see year. part further during higher and margin we seeing grow expansion demand, impact continue to we our should to back resulting growth and our the interest the rates rates, in as slower in the Fed loan

to We deposits. expect fund continue able to our cost low loan growth with to be

group branch of source another acquisition low in large And the Our more having the relationships. treasury of deposits. will later cost is closing in provide deposit quarter commercial management success FNBC bringing this

expected our As growth which should revenue. loan as expenses levels flat, to Eric mentioned, higher relatively expansion operating we expect further of to keep and margin lead leverage, generate

move of level earnings With the profitability sheet to expect continued improvement see leverage, and the we and margin growth of balance as our we combination through operating expanding and in greater year. further

we good we're also franchise. have performance, business and long-term While results from efforts to of Midland made the to we continue on enhance see improve development the to capabilities the further our financial enhance our initiatives good making progress our value

few significantly past platform. have that about we've the years, Over talked the technology strengthened made we've our investments

One long-term to of roadmap the company position of within strategies is the compete banking-as-a-service effectively the technology space. to our

that that us with growth GreenSky income Fintech we and partnerships be with fee in relationship Our meaningful has ahead. sheet our contributors to will balance other experience valuable the given leverage years can

deposits in technology our the Fintechs initiative. a will in number that with partnerships with broader made other platform, month, our we the using new have develop we position will payment we partnership now announced to and this our contribute are banking-as-a-service help begin which Synctera, improvement us Earlier the increase cost implementing customers of low With solutions.

towards a partnerships and are of pipeline we half the discussions of onboard to the that bring early have Fintech potential in the year. we look second We with

and of very expect new other announce in consumer gathering. platform manage way are the implementation a lender require doing the similar investment from partnership also can We're with coming technology while a prudently area not incremental to Fintechs initiative, this the We balanced to growth reviewing being much we it learn in us years. we in the focusing to enables in experiences GreenSky, over that a deposit the does that on our

company. further we growth finally, priority become long-term, our our strengthening for and financial the the to And our catalysts banking-as-a-service will continue be in ratios Over earnings capital expect another important performance. a for improvement to

the growth, to successful the balance as like ability to increase well production With support made the loan very strength healthy, branch transactions efforts we have strong sheet to our to continue attractive transit have execute to we and pipeline make been that have remaining the capital we very on as FNBC sure purchase. can the to want having continue

will the capital move actions our capital that capital that our best year, as long-term to financial the callable that, will options the us well Whatever our year to stack, optimizing the best we be continue be have. the as might we you the subordinated through debt please ratios, contributed executing have enable interest later strengthening questions we we this So, some we and happy redeem. of With open for take in on is any have performance. answer evaluating strategies we'll as may that in to be improvement up shareholders call. Operator, as

Operator

comes Instructions] [Operator Our you. Thank first question Terry of McEvoy from Stephens.

open. is line Your

Terry McEvoy

to year, Nice morning. Eric. start good the Jeff and right, All

Jeff Ludwig

Thank you.

Terry McEvoy

as growth? that the testing follow-up of that and growth the segments stress Hey, first maybe you as relative rise you how your maybe comfortable CRE retail, are are to Can portfolio CRE portfolio, kind rates you the question. to on or multifamily to continue expand with some continue rise, And contributed getting a there, maybe to stress just the are in size portfolio? how expected testing of

Jeff Ludwig

of process. care, interest most our portfolios -- part lot came so but rates, we're bit, the rates Retail all was a up of the warehouse underwriting, drivers. and underwriting we portfolios. in main deal-by-deal, industrial the three little multifamily, In a cap stress those Yes, we were theory, not stress senior stressing as of that so growth

doing that. So, we think deal-by-deal we're

where testings we'll We also things those on estate, real do year full a stress stress in once commercial level. portfolio a

So, doing that a on regular we're basis.

Terry McEvoy

a the discussion growing follow-up, was for then that. as just we And lot and then Thanks a of heard revenue.

XX that balancing -- then flat your kind how and at know would least I for thought I of looking XX, expenses reduce go where next expenses And investments, given to higher, so initiatives about don't this talk you're if revenue that year surprised, maybe keep keep can quarter? I'm to but the opportunities the to you're maybe to or

Jeff Ludwig

quarters to salesforce our mean, that we've I little, banking might, in that a we've Yes, team -- productivity, total management, years talked of commercial down pipelines. be I four put several but pipeline for probably President really efforts, and -- has the calling pipeline and or from the follow-up we've a really headcount this the of three our a about the pipelines think the -- bank and it's we've it held on matured, flat down ago, actually now to with from job managing RMs, relatively point, done accountability nice

of And so sort we've down. been keep able to headcount

And so not get of commercial the team to we're we're additional lot -- lot adding growth. not a to people the a adding of

I that's So, good. think

operate other add hold are how like little pause thing do on dig but and at. cases, and years pieces to finding, that pause time we're quarter-in us that and time, revenue, a some on can't expenses And really grow That have up and able right, over least can't bigger we're to in of in couple over it it's change, to vendors, point, now go then here about dig -- there, continue taking now this to we -- then going forever, Now, cases, the is right into that. we're at to relatively but into and that's pieces, quarter-out, at that's last where good the looking flat. taken we've allowing to -- that that the M&A seems

Terry McEvoy

XX%, business the one. to was big yields? squeeze yields something there contribute equipment could jump, last quarter finance to I going higher If that on last within one The up a

Eric Lemke

of lift curve that part during five-year we up. those the of to contracts, we prices able and nudge on Yes, of kind this the as is five-year that saw were that so sort prices businesses

-- in in we when Terry, March at looked somewhere were December, about XXX month in XXX XXX the prior or there, new So, contracts month been would at the March, we of to somewhere the compared range. in have of of which that sort so

lift, still to bit one but where national, continued lot little it's it's the overall, we because of a been to of that's get able pricing demand. a on segment of business the better And that So, pressure there's a still curve. of loan we've were part see

first Jeff year, of in to bit the that demand As during is a little the mentioned, lot which quarter quarter typically a there prior was first compared softer.

Terry McEvoy

Have lot. guys. good a weekend, Thanks a Great.

Jeff Ludwig

Thanks.

Operator

Thank you.

comes question Damon next KBW. from Our DelMonte of

Your line is open.

Damon DelMonte

guys. Hey, good today. morning, Hope everybody doing is well

Jeff Ludwig

Good morning.

Damon DelMonte

yes, good -- So morning.

know yield. I good the other little this get So, digging repeatable little on And expansion as expansion, my kind impact? kind the items first quarter this I'm to a of one-time like PTP mean, was just can else, regards very accritible question, fees that loan core bit a any anything bit about out of of we figure of might a if that, trying and bit and I in How margin. was to drove what little margin, detail level [ph] there's kind deeper quarter, be to impressive there the or try out? to talk a much to core model not next that

Eric Lemke

Yes, Damon, Eric. this is

So, finance. is deferrals our in mentioned, a $X over some or his few points last course, and basis on so bit impact seeing quarter. PPP margin. to in remarks roughly a that the Jeff, fees earlier There ends. are they're we're odds Those were shrinking, million little five about the equipment in of

their so with that we've equipment, of customers contracts equipment, in we've early. And that some seen selling been off increase the had the have used price that paying

in that not more the and other a And just of basis overall we portfolio. points a then but few quarter. have than few course during So, prepayment odds some ends, seen fees of the kind

Damon DelMonte

for kind you're of somewhere core? that it Okay, fair high assume in XXXs so is your to the

Eric Lemke

more XXXs. I think low like probably

Damon DelMonte

loan far your great. to portfolio pipeline guess, into you or estate then the strong be I And you see be be as going the by starting growth, of continued commercial second on do continue the other Do it commentary Okay. so more? XXX? to here. quarter right. as Low to expect to contribute That's All real driven areas

Jeff Ludwig

be I the but have I equipment the we growth, pick bigger better we we contribute driver, quarter that's that and The all have area. should in up. -- Yes, going probably see growth side more mean, line. business commercial a typically should finance, well. expect as the that'd on look commercial as commercial at probably quarter the to mean, to second do down, slow be the flat, And think than if better relatively a second probably will estate to then, more of first we would pay quarter. Consumer, I real growth the down, be

Damon DelMonte

it. Got

of line then kind So, And get expect quarters? was other the just lastly, Okay. run what to the rate? know million I think income, quarterly previous quarterly that than any the up guidance Do you on back you fee there? lower rate? $XX for run over

Jeff Ludwig

Yes, I think so.

I and sort lighter. which quarter, of think like, interchange quarter lighter is service first just hand-in-hand. of sort the is of, a little seasonally little think charges, sort a have go which We I seasonal And

do But I back. a we think expect bad number. those So, not that's to yes, come

Damon DelMonte

that Okay. had for great. Thanks it. That's I All now. right, all guys. a lot, Appreciate

Jeff Ludwig

Yes. Thanks.

Operator

you. Thank

Next, Race we Nathan have Sandler. Piper of

is Your line open.

Nathan Race

guys. Hi, morning. Good Yes.

Jeff Ludwig

Hello.

Nathan Race

to the I deposit some servicing partnership. on of quarter was tied the just decline appreciate the Question of the growth FHA expectations.

to over that like in the deposit drive how context, deposit just within thinking fund guys some well. to some curious process continued guys strong of you XXXX growth as it loan sounds growth just expectations? of partnerships the And So, onboarding, are growth course you about are

to of just franchise? deposit board rate relative deposits how coming of on So, your beta sensitivity potential should think about curious we lower the kind those

Jeff Ludwig

business. an we of I Yes, of end the the than with -- deposits had the other year -- at we mean, had servicing influx

quarter. in we driving a the treasury of deposits quarter pretty management in really the good our good we as second nice a to But are of been sort and had nicely productivity going some We of in good in well. were salesforce was sort quarter gathering, the accounts to treasury into pipelines back the first team knew go quarter. really, has in And pipelines, retail management, spot and in out. the won going really is deposit So, first that up it's

to quarter. buying the of the would nice that. to branch cost supplement funds I the XX the we think that or then branch I expect in is, accounts we're is win mean basis what some second And eight points. acquisition going

nice So, some we're deposits in bringing core there.

a balance got and sort next think the got So make of nice deposits that's both sort as I see in both loans impacting on way doing. we And financials is there'll to of year, impact. start to gather a that's sheet. years to year of We this it's that what but I a working the bigger the a where sides And of we the banking-as-a-service big moving don't and we're that, fronts. more we doing job we then got play. term to and after longer move sort in the think be of we're

Nathan Race

Okay, got it.

deposit So, little a your increase to--? just growth, fair the loan perhaps maybe bit of at of quarter, deposit loans. lagged of balances at XX% a kind in way to flexibility that average -- is looking But of ratio terms from

Jeff Ludwig

With the the up stay quarter and where help should branch in, based range, coming down deposit number that some, acquisition, that. where the loan supplement some branch ends the to quarter growth in that'll with ends growth that on relatively acquisition

Nathan Race

the outlook then moves not X.X% forward. believe, the core a margin XX% rate And just Fed I the your about great. kind on by I of most thinking a of XXX imagine month. from around next factor, and basis, portfolio's Okay, assuming will floating range going be low floors

by XXX are or just that about from progression So, range Is this few expect cadence low over next the end fair margin range the we the of just this of here? in kind it you that not think how mid-XXX the XXXs year from of could NIM it we should if core the get to kind how of, the the quarter? think core about guys margin to low quarters of

Eric Lemke

the right. that's guess question, Yes, Nate, magic I

for the that we XX/XX. cash the course Reason So, that that asset-sensitive work growth one, bit we number and less of loan than are today is during quarter. as to little putting of were a

We XX%, are our XX% with off And variable for your in work March, right -- we're numbers some took now some fixed a little roughly, think, about we being rest except then our I loans. executed fix -- we of we about our bit fixed rate up table, in late the rate. of points $XXX anywhere basis sensitivity receive variable from the and in XXX asset XXX And on of swap picked trade. to approximately roughly that million to

sort basically we rate eight increases. So, accelerated of

took a off that our the sensitivity assets little So, of table, too.

So, portfolio as I the look from the four points fees out earn over basis talked let's which about all will that Fed help that as floors call the remaining pick through expecting. next swap, the we're that XX for up quarter, of basis we up, will we're a and as the moves we largely that we the, PPP three then or earlier. couple it offset our income next of we points pick could that And

rise, could same that through sort another if of we of maybe worth couple with different it over basis do see by year. point as the -- XXX, shade the that a get be you year core end in XX the cadence, So, around roughly

Nathan Race

helpful. fee just generate line stabilizing great. which income And hopefully the clients? valuations across with outlook, the is challenge one we've of And to market Management, one then increased expectation just also, card on I been few growth, a Thanks across some Okay, maybe spending, quarters, hopefully That's super the equity our that excluding as of share well. is outside imagine talking last consistent would industry, with mortgage, the Eric. last there stabilize kind just Wealth what about gains and

Jeff Ludwig

Yes, think I right. that's

Nathan Race

Congrats Okay, and perfect. a quarter. appreciate questions I all you color. taking the great guys the on

Jeff Ludwig

thanks. Yes,

Operator

of Our next D.A. Manuel you. Thank question comes Instructions] Navas [Operator Davidson. from

open. Your is line

Manuel Navas

good Hey, morning.

Jeff Ludwig

morning. Good

Manuel Navas

the really of on continuing of some are we income that as guideposts are customers, sheet along be the items, would partnerships evolution, helpful? color metrics number or kind on-balance the you of focused as you any banking-as-a-service watch growth, these you What Fintech should create are

Jeff Ludwig

loan where that'd focus payments, mean, -- our and so around be I think I pretty is side, now, of be continue deposit to the a interchange, gathering looking right big of our Fintech will we're piece but side focus sort our Yes, is be to we've going to right at is. got a Fintech on loan the diversify GreenSky sort loan partnerships, now.

But of the the today. to things on over were a course big going deposits the is more than the XX Fintechs doing we So, be of the enough have be payments is diversified banking-as-a-service months one we'll to focus other on that next side. and are

Manuel Navas

that's it. change Okay, helpful. expectations your Is GreenSky Maybe missed the to any for I portfolio? there

Jeff Ludwig

sort set No, relatively X%, think either no, quarter the or on that X% stay I how up or limit goes, depending way, down will limit. X%, we've of our we're at our and about

Manuel Navas

And kind loan you that that show your entered to swap that different is question modeling of going a in part yields average or that, up into of the balance sheet?

Eric Lemke

It'll show up the yields. loan

Manuel Navas

have all? that And that. been discussions the and swings you seen impact seeing, at about in appreciate of are where of you And that's kind hearing have I kind you're helpful. AOCI, markets? folks your Okay, with -- M&A

Eric Lemke

it. keeping we're eye an on Yes,

$XX the decreased million, investment course in fair $XX portfolio our So, by roughly of quarter. the million value during

tangible value so on overall. by or book we're It our impacted So, X.X% it call it. an keeping eye

us value a some the now. is our our starting investment And in industry helping others that that some of to our bigger in helped strong One -- compared as a percentage things we the because investments balance we as of haven't side loan much right had sheet in rates got portfolio. of increase pretty of that us offset liability also to that at on swaps, allows then we've of our securities peers. attractive the get funding some is And some forward growth,

don't it hedge an it. to of eye keeping little major moves on to that's there us. helping change a bit So, we Yes but a it or expect have closely, address really we're any -- try pretty but

Manuel Navas

you it, like Do keeping on all? kind eye feel it's everyone's at that discussions? it limiting Is M&A hurt an is of

Eric Lemke

a mean, Yes, wealth at in been last I a branch M&A small to use we're that M&A we're today. looking to did cash. acquisitions. doing not looking going deal, small year. not all Yes, now. pretty stock We small really our cash we've right all clear We're which is we're at big world mean, -- acquisition, we're I

that this typically our is comes And this from So, because hold issue. I perspective, not we bonds back, accounting an stuff. maturity think, anyway. All till

that And back. so for to Unless sell fund loan losses, have we're not going this growth, you practically -- but then take to to these everybody, you're investments you're in going losses to come position.

will time. all this over come So, back

Manuel Navas

That's Thank much. very great. you

Operator

show any like the over time. questions for call no would closing I the I'm turn you. management Thank additional remarks. to at to

Jeff Ludwig

had a forward Thank and joining. weekend. you. a everybody a to really quarter. I talking think want I -- to good to look thank Have good We everybody Thanks. quarter next for

Operator

today's conference all call. you This for Thank participating. concludes

You may and enjoy Have weekend. a pleasant now disconnect. your day

Midland States Bancorp (MSBI) 29 Apr 222022 Q1 Earnings call transcript