Investor Presentaiton
Overview of 4Q23
26
Notes:
(1)
•
Net income and level of returns increased from the prior quarter
Strong Financial
Performance
•
•
•
Net income available to common shareholders of $18.5 million, or $0.84 diluted EPS
Pre-tax, pre-provision earnings of $35.9 million
(1)
ROAA of 1.04% and ROTCE of 15.41%
Increase in Capital
Ratios and TBV
•
Strong financial performance and prudent balance sheet management resulted in
increases in all capital ratios
•
CET1 ratio increased 33bps to 8.40%
.
Tangible book value per share increased 7.8% during fourth quarter
Continued Success in
Developing Full
Banking Relationships
with Attractive
Commercial Clients
•
•
Selective approach to new loan production in current environment with focus on clients that
provide full banking relationships
New commercial loans partially offset continued runoff in GreenSky portfolio and the
intentional reduction in equipment finance loans
New and expanded client relationships resulting in inflows of commercial deposits and
improving overall deposit mix as balances of higher cost time deposits are reduced
Positive Trends in
Key Metrics
•
Net interest margin increased to 3.21%
.
•
Efficiency ratio improved from the prior quarter
Wealth management AUA and fees increased from prior quarter
Represents a non-GAAP financial measure. See "Non-GAAP Reconciliation" in the appendix.
Midland ◉
States Bancorp, Inc.View entire presentation