EL7.AI
Stocks•23 July 2026•
1 min read

Midland States and First Bank Post Q2 Profit Growth on Loan Expansion

Key Facts

1Midland States Bancorp reported net income of $17.7 million for Q2 2026, up from $16.2 million in the previous quarter.
2First Bank announced Q2 2026 net income of $10.9 million, driven by strong loan and deposit growth.
3Midland States Bancorp's diluted earnings per share reached $0.82, compared to $0.44 in the same period last year.

Amid the ongoing resilience of the regional banking sector against economic headwinds, mid-cap financial institutions have reported robust results for the second quarter of 2026. Midland States Bancorp recorded a net income of $17.7 million, up from $16.2 million in the previous quarter, with diluted earnings per share surging to $0.82 from $0.44 a year earlier. Similarly, First Bank announced a net income of $10.9 million, a performance underpinned by significant expansion in both loan and deposit portfolios.

According to financial reports and market data, these results were bolstered by operational efficiency and tangible book value expansion, with First Bank's total assets reaching $4.09 billion as of June 30, 2026, an increase of $129.4 million since the start of the year. While criticized loans rose to $90.9 million, the bank maintained strong capital buffers, reporting a total risk-based capital ratio of 13.00%, reflecting balance sheet stability despite minor credit pressures.

Looking ahead, investors are monitoring the sustainability of deposit growth, which reached $3.32 billion at First Bank by the end of June 2026. inflation expectations of 4.2% from the University of Michigan, which may impact net interest margins for regional lenders in upcoming quarters.