Midland States Bancorp, Inc. (NASDAQ:MSBI) Q2 2022 Earnings Conference Call July 29, 2022 8:30 AM ET

Company Participants

Tony Rossi - Financial Profiles, IR

Jeff Ludwig - President and CEO

Eric Lemke – CFO

Conference Call Participants

Clark Wright - D.A. Davidson

Damon DelMonte - KBW

Terry McEvoy - Stephens Inc.

Nathan Race - Piper Sandler

Manuel Navas - D.A. Davidson

Operator

Good day, and thank you for standing by. Welcome to the Q2 2022 Midland States Bancorp, Inc. Earnings Conference Call. [Operator Instructions] Please be advised that today's conference is being recorded.

And I would now like to hand the conference over to your speaker today, Mr. Tony Rossi of Financial Profiles. Mr. Rossi, please go ahead.

Tony Rossi

Thank you, Chris. Good morning, everyone, and thank you for joining us today for the Midland States Bancorp second quarter 2022 earnings call. Joining us from Midland's management team are Jeff Ludwig, President and Chief Executive Officer; and Eric Lemke, Chief Financial Officer.

We will be using a slide presentation as part of our discussion this morning. If you have not done so already, please visit the Webcasts and Presentations page of Midland's Investor Relations website to download a copy of the presentation.

Before we begin, I'd like to remind you that this conference call contains forward-looking statements with respect to the future performance and financial condition of Midland States Bancorp that involve risks and uncertainties. Various factors could cause actual results to be materially different from any future results expressed or implied by such forward-looking statements. These factors are discussed in the company's SEC filings, which are available on the company's website. The company disclaims any obligation to update any forward-looking statements made during the call.

Additionally, management may refer to non-GAAP measures, which are intended to supplement but not substitute for the most directly comparable GAAP measures. The press release available on the website contains the financial and other quantitative information to be discussed today as well as the reconciliation of the GAAP to non-GAAP measures.

And with that, I'd like to turn the call over to Jeff. Jeff?

Jeff Ludwig

Good morning, everyone. Welcome to the Midland States earnings call.

I'm going to start on Slide 3 with the highlights of the second quarter. Despite an increasingly challenging operating environment, we continue to generate improvement in our financial performance as a result of the strategic initiatives we have implemented over the past few years to strengthen our commercial and retail banking teams, increase our focus on higher-growth markets and improve operational efficiencies.