Investor Presentaiton
Noninterest Expense and Operating Efficiency
Noninterest Expense and Efficiency Ratio
(Noninterest expense in millions)
(1)
$49.9
$3.3
$44.5
$42.9
$42.0
58.3%
57.6%
$44.5
ā¢
Efficiency Ratio
(1)
was 55.2% in 4Q 2023
vs. 55.8% in 3Q 2023
Noninterest expense increased from
prior quarter primarily due to increased
incentive and performance based
expense accruals and increased medical
costs, partially offset by $1.1 million
benefit recognized from Employees
Retention Tax Credit
Near-term operating expense run-rate
expected to be approximately $45.5 -
$46.5 million
55.8%
55.2%
55.0%
4Q 2022
1Q 2023
2Q 2023
3Q 2023
4Q 2023
Total Noninterest Expense
Adjustments to Noninterest Expense
Efficiency Ratio
38
Notes:
(1)
Represents a non-GAAP financial measure. See "Non-GAAP Reconciliation" in the appendix.
Midland ā
States Bancorp, Inc.View entire presentation