Investor Presentaiton
Efficiency Ratio Reconciliation
MIDLAND STATES BANCORP, INC.
RECONCILIATIONS OF NON-GAAP FINANCIAL MEASURES (unaudited) (continued)
December 31,
2023
September 30,
2023
For the Quarter Ended
June 30,
March 31,
December 31,
2023
2023
2022
(dollars in thousands)
Noninterest expense - GAAP
$
44,488
$
42,038
$
42,894
$
44,482
$
49,943
Loss on mortgage servicing rights held for sale
(3,250)
Integration and acquisition expenses
Adjusted noninterest expense
$
44,488
$
42,038
$
42,894
$
44,482
$
46,693
Net interest income - GAAP
Effect of tax-exempt income
Adjusted net interest income
$
58,077
$
58,596
$
58,840
$
60,504
$
63,550
183
205
195
244
286
58,260
58,801
59,035
60,748
63,836
Noninterest income - GAAP
20,513
11,545
18,753
15,779
33,839
Impairment on commercial mortgage servicing rights
Loss on sales of investment securities, net
2,894
4,961
869
648
(Gain) on termination of hedged interest rate swaps
(17,531)
(Gain) on repurchase of subordinated debt
Company-owned life insurance enhancement fee
Adjusted noninterest income
Adjusted total revenue
Efficiency ratio
(676)
22,309
16,506
18,946
$
80,569
$
75,307
$
77,981
$
77,175
$
80,144
16,427
16,308
55.22 %
55.82 %
55.01 %
57.64 %
58.26 %
49
49
Midland ◉
States Bancorp, Inc.View entire presentation