Welcome to our dedicated page for Midland States news (Ticker: MSBI), a resource for investors and traders seeking the latest updates and insights on Midland States stock.
Midland States Bancorp, Inc. (MSBI) provides comprehensive financial services through its community-focused banking and wealth management operations. This news hub offers investors and stakeholders centralized access to verified updates about this Illinois-based institution.
Track official press releases, financial disclosures, and strategic developments including commercial lending initiatives, wealth management expansions, and equipment financing programs. Our curated collection ensures timely updates on earnings reports, leadership changes, and regulatory filings while maintaining strict editorial standards.
Key coverage areas include MSBI's core banking services, risk management strategies, and community development efforts. Users benefit from direct access to primary source materials without promotional commentary, supporting informed financial decision-making.
Bookmark this page for efficient monitoring of MSBI's operational milestones and market positioning within the Midwest banking sector. Combine regular visits with professional financial advice for complete investment research.
Midland States Bancorp (Nasdaq: MSBI) announced that Jeffrey S. Mefford will retire as President of Midland States Bank and Executive Vice President of the company effective June 30, 2026. Mefford has been employed by the bank for 22 years and served as bank President for seven years. The company said Mefford will support a thoughtful transition over the coming months.
As part of the succession plan, Jeremy A. Jameson, currently Executive Vice President - Chief Credit Officer, will be promoted to the newly created role of Executive Vice President - Chief Banking Officer, responsible for Regional Presidents, commercial lending and credit, reporting to CEO Jeffrey G. Ludwig.
Midland States Bancorp (NASDAQ: MSBI) announced that its Board authorized a new $25 million common stock repurchase program effective November 3, 2025 and expiring November 2, 2026. The company's prior repurchase program expired on December 31, 2024. Repurchases may be made on the open market, in privately negotiated transactions, or by any manner permitted by securities laws, at the company's discretion.
The company said purchases will depend on price, trading volume, corporate and regulatory requirements, and market conditions, and the program may be suspended or discontinued at any time without prior notice. Management framed the program as reflecting confidence in capital position and improving credit quality.
Midland States Bancorp (NASDAQ: MSBI) announced quarterly cash dividends for common and preferred stock on Nov 3, 2025.
The Board declared a $0.32 per common share dividend payable on November 21, 2025 to shareholders of record as of the close of business on November 14, 2025. The Board also declared a $0.4844 per depository share dividend on its 7.75% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A, payable on December 30, 2025 to holders of record as of December 15, 2025.
Midland States Bancorp (Nasdaq: MSBI) reported Q3 2025 net income available to common shareholders of $5.3 million, or $0.24 diluted EPS, down from $18.2 million, or $0.83, in Q3 2024 and $9.8 million in Q2 2025. Pre-provision net revenue was $31.3 million, and net interest margin expanded to 3.79% (3.69% excluding interest recoveries). The company took a $20.5 million provision primarily for equipment finance after increasing loss-given-default assumptions and ceased equipment finance originations effective September 30, 2025.
Capital improved with common equity tier 1 at 9.37%, nonperforming assets fell to 1.02% of assets, wealth management posted a record $8.0 million in revenue, and deposits declined by $342.1 million from Q2.
Midland States Bancorp (NASDAQ: MSBI) will release its third quarter 2025 financial results after market close on Thursday, October 30, 2025. Alongside the press release, the company will publish an investor presentation that will be available on the Webcasts and Presentations page of its investor relations website.
Midland States Bancorp (NASDAQ: MSBI) has received a deficiency notification from Nasdaq on August 19, 2025, due to its failure to file its Q2 2025 Form 10-Q on time. The notification indicates non-compliance with Nasdaq Listing Rule 5250(c)(1), which requires timely filing of periodic reports.
The company has until October 18, 2025 to submit a compliance plan to Nasdaq, which may grant up to 180 days (until February 26, 2026) to regain compliance. The delay is related to previous financial statement restatements that affected the company's 2024 10-K and Q1 2025 10-Q filings. The notification has no immediate effect on MSBI's listing or trading status on the Nasdaq Global Select Market.
Midland States Bancorp (NASDAQ: MSBI) has announced a 3.2% increase in its quarterly cash dividend to $0.32 per share of common stock, up from $0.31. The dividend will be paid on August 22, 2025, to shareholders of record as of August 15, 2025.
Additionally, the company declared a dividend of $0.4844 per depository share on its 7.75% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A, payable on September 30, 2025. This marks MSBI's 25th consecutive year of increasing its quarterly cash dividend, with management noting strong capital ratios and improved earnings and asset quality in Q2.
Midland States Bancorp (NASDAQ:MSBI) reported Q2 2025 net income of $9.8 million ($0.44 per diluted share), compared to $23.5 million ($1.06 per share) in Q2 2024. The company showed improvement from Q1 2025's loss of $143.2 million, which included a $154.0 million goodwill impairment.
Key Q2 2025 metrics include net interest margin of 3.56% (up 7 basis points), nonperforming assets ratio improving to 1.56% (from 2.08%), and total capital ratio of 14.50%. The bank reported $29.9 million in net charge-offs, primarily from specialty finance and equipment finance portfolios.
Notable improvements include reduced nonperforming assets to $111 million, successful exit of two large non-performing relationships worth $29 million in July, and continued reduction in higher-risk portfolios. Total loans stood at $5.06 billion with total deposits at $5.95 billion.
Midland States Bancorp (NASDAQ: MSBI) has scheduled the release of its second quarter 2025 financial results for Thursday, July 24, 2025, after market close. The company will also make available an investor presentation on its investor relations website's Webcasts and Presentations page alongside the earnings release.
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