Investor Presentaiton
MIDLAND STATES BANCORP, INC.
RECONCILIATIONS OF NON-GAAP FINANCIAL MEASURES (unaudited) (continued)
Tangible Common Equity to Tangible Assets Ratio and Tangible Book Value Per Share
(dollars in thousands, except per share data)
Shareholders' Equity to Tangible Common Equity
December 31,
2023
September 30,
2023
As of
June 30,
2023
March 31,
2023
December 31,
2022
Total shareholders' equity-GAAP
Adjustments:
Preferred Stock
Goodwill
S
791,853
$
757,610
$
776,821
$
775,643
$
758,574
(110,548)
(110,548)
(110,548)
(110,548)
(110,548)
(161,904)
(161,904)
(161,904)
(161,904)
(161,904)
Other intangible assets, net
(16,108)
(17,238)
(18,367)
(19,575)
(20,866)
Tangible common equity
$
503,293 S
467,920
S
486,002
$
483,616
$
465,256
Less: Accumulated other comprehensive income (AOCI)
Tangible common equity excluding AOCI
$
(76,753)
580,046
$
(101,181)
569,101
$
(84,719)
570,721
$
(77,797)
561,413
(83,797)
$
549,053
Total Assets to Tangible Assets:
Total assets
GAAP
Adjustments:
Goodwill
S
7,866,868
$
7,969,285
$
8,034,721
$
7,930,174 $
7,855,501
(161,904)
Other intangible assets, net
Tangible assets
(16,108)
(161,904)
(17,238)
(161,904)
(18,367)
(161,904)
(161,904)
(19,575)
(20,866)
$
7,688,856
$
7,790,143
7,854,450
7,748,695
$
7,672,731
Common Shares Outstanding
21,551,402
21,594,546
21,854,800
22,111,454
22,214,913
Tangible Common Equity to Tangible Assets
6.55 %
6.01 %
6.19 %
6.24 %
6.06 %
Tangible Book Value Per Share
$
23.35
$
21.67
$
Tangible Book Value Per Share, excluding AOCI
$
26.91
$
26.35
$
22.24
26.11
$
21.87
$
20.94
$
25.39
$
24.72
Return on Average Tangible Common Equity (ROATCE)
50
50
(dollars in thousands)
Net income available to common shareholders
Average total shareholders' equity-GAAP
Adjustments:
December 31,
2023
September 30,
2023
For the Quarter Ended
June 30,
2023
March 31,
2023
December 31,
2022
S
18,483
$
9,173
S
19,347
$
19,544
$
29,703
$
764,790
$
771,625
$
776,791
$
767,186
$
749,183
Preferred Stock
Goodwill
(110,548)
(110,548)
(110,548)
(110,548)
(110,548)
(161,904)
(161,904)
(161,904)
(161,904)
(161,904)
Other intangible assets, net
(16,644)
(17,782)
(18,937)
(20,184)
(22,859)
Average tangible common equity
$
475,694
$
481,391
$
485,402
$
474,550
$
453,872
ROATCE
15.41 %
7.56%
15.99 %
16.70 %
25.89 %
Midland ◉
States Bancorp, Inc.View entire presentation