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Midland States Bancorp Inc - MSBI STOCK NEWS

Welcome to our dedicated news page for Midland States Bancorp (Ticker: MSBI), a resource for investors and traders seeking the latest updates and insights on Midland States Bancorp.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Midland States Bancorp's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Midland States Bancorp's position in the market.

News
Midland States Bancorp, Inc. Announces 2024 First Quarter Results
Rhea-AI Summary
Midland States Bancorp, Inc. reported a net income of $11.7 million in the first quarter of 2024, with key highlights including a pre-tax, pre-provision earnings of $32.2 million, an efficiency ratio of 58.0%, and an improvement in the common equity tier 1 capital ratio to 8.60%. The company focused on balance sheet management strategies, resulting in an increase in loan-to-deposit ratio, tangible book value per share, and all capital ratios. However, there was an increase in provision expense due to a specific reserve of $8.0 million on a multi-family construction project.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
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earnings
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News
Midland States Bancorp, Inc. To Announce First Quarter 2024 Financial Results on Thursday, April 25
Rhea-AI Summary
Midland States Bancorp, Inc. (MSBI) will release its first quarter 2024 financial results on April 25, 2024, accompanied by an investor presentation on their website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.12%
Tags
earnings
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News
Midland States Bancorp Appoints Gerald Carlson to Board of Directors
Rhea-AI Summary
Midland States Bancorp, Inc. (NASDAQ: MSBI) announced the appointment of Gerald Carlson to the Board of Directors of the Company and Midland States Bank. With the addition of Mr. Carlson, the Company’s Board of Directors now has 11 directors, with 10 of the directors classified as independent. Mr. Carlson brings a wealth of experience from his time as the Managing Partner of KPMG for the firm’s Washington, D.C. metropolitan and Chesapeake regions, and previously as the Managing Partner of KPMG’s St. Louis office. His experience and expertise are expected to aid Midland's efforts to grow in St. Louis, increase market share, and add new retail and commercial clients in community banking and wealth management.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.82%
Tags
management
News
Midland States Bancorp, Inc. Increases Common Stock Cash Dividend to $0.31 Per Share and Declares Preferred Stock Dividend
Rhea-AI Summary
Midland States Bancorp, Inc. (MSBI) has declared a quarterly cash dividend of $0.31 per share of common stock, marking a 3.3% increase from the previous dividend. Additionally, a cash dividend of $0.4844 per depository share on its 7.75% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A was declared. The company's President and CEO, Jeffrey G. Ludwig, highlighted the 24th consecutive year of dividend increase, attributing it to the company's strong financial performance and prudent balance sheet management.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.82%
Tags
dividends
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News
Jeff Ludwig Appointed to Federal Reserve Board Advisory Council
Rhea-AI Summary
Midland States Bancorp, Inc. (NASDAQ: MSBI) announced that its CEO, Jeffrey G. Ludwig, has been appointed to the Federal Advisory Council of the Board of Governors of the Federal Reserve Board. The Council provides the financial industry’s perspective on regulatory and monetary policy matters. Mr. Ludwig will have the opportunity to present information and views on the economy, regulatory matters, and the importance of community banks to the Federal Reserve’s Board of Governors, regulatory agencies, and members of Congress.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.04%
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none
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News
Midland States Bancorp, Inc. Announces 2023 Fourth Quarter Results
Rhea-AI Summary
Midland States Bancorp, Inc. reported net income available to common shareholders of $18.5 million for the fourth quarter of 2023, compared to $9.2 million for the third quarter of 2023. The company's total assets were $7.87 billion at December 31, 2023, and total deposits were $6.31 billion. The deposit mix shifted from noninterest-bearing deposits to interest-bearing deposits. The net interest margin was 3.21% for the fourth quarter of 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.18%
Tags
earnings
News
Midland States Bancorp, Inc. to Announce Fourth Quarter 2023 Financial Results on Thursday, January 25
Rhea-AI Summary
Midland States Bancorp, Inc. (NASDAQ: MSBI) will release its fourth quarter 2023 financial results on January 25, 2024, along with an investor presentation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.78%
Tags
earnings
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News
Midland States Bancorp, Inc. Announces Authorization of New $25 Million Stock Repurchase Program
Rhea-AI Summary
Midland States Bancorp, Inc. (NASDAQ: MSBI) announced a new stock repurchase program authorizing the company to buy back up to $25 million of its common stock, effective from January 1, 2024, to December 31, 2024. The current program, expiring on December 31, 2023, has approximately $7.2 million remaining. President and CEO Jeffrey G. Ludwig emphasized the balanced approach to capital deployment, providing flexibility for long-term shareholder interests and strengthening capital ratios to support the company's growth amidst economic uncertainty.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.74%
Tags
buyback
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News
Midland States Bancorp, Inc. Announces Common Stock and Preferred Stock Dividends
Rhea-AI Summary
Midland States Bancorp, Inc. (NASDAQ: MSBI) has announced a quarterly cash dividend of $0.30 per share of its common stock. The dividend will be payable on November 24, 2023, to shareholders of record as of November 17, 2023. Additionally, a cash dividend of $0.4844 per depository share has been declared on its 7.75% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A. The dividend will be payable on January 2, 2024, to stockholders of record as of December 15, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.31%
Tags
dividends
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Midland States Bancorp, Inc. Announces 2023 Third Quarter Results
Rhea-AI Summary
Midland States Bancorp reports net income of $15.8 million for Q3 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.3%
Tags
earnings
Stock MSBI logo
Midland States Bancorp Inc

Nasdaq:MSBI

MSBI Rankings

#2910 Ranked by Market Cap
#3713 Ranked by Stock Gains
#608 Ranked by Dividends

MSBI Stock Data

511.73M
18.82M
4.76%
61.67%
0.95%
Commercial Banking
Finance and Insurance
Link
US
Effingham

About MSBI

great strength. midland states bancorp, inc. is a community-based financial holding company headquartered in effingham, illinois, and the sole shareholder of midland states bank and alpine bank. as of february 28, 2018, the company had total assets of $5.7 billion and its wealth management group had assets under administration of approximately $3.1 billion. midland provides a full range of commercial and consumer banking products and services, including equipment financing and merchant credit card services, as well as trust administration, investment management, insurance and financial planning. in addition, multi-family and healthcare facility fha financing is provided through love funding, a wholly-owned subsidiary of midland states bank. for additional information, visit www.midlandsb.com or follow midland on facebook at https://www.facebook.com/midlandstatesbank/. more heart. what really sets us apart is our ability to provide financial strength, while dedicating ourselves to each