Midland States Bancorp, Inc. operates as a diversified financial holding company whose banking subsidiary provides commercial and consumer banking services, commercial real estate and mortgage lending, and wealth management services including trust, fiduciary, brokerage and retirement planning.
Company announcements commonly address quarterly operating results, net interest margin and loan growth, credit quality, non-performing assets, portfolio sales and balance-sheet risk reduction. Other recurring developments include common and preferred stock dividends, stock repurchase authorizations, board and executive changes, institutional ownership, and capital management actions.
Midland States Bancorp (MSBI) declared a quarterly cash dividend of $0.33 per common share, payable November 20, 2026. Shareholders must be on record at the close of business November 13, 2026.
The board also declared $0.4844 per depository share on its 7.75% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A, payable December 30, 2026, to stockholders of record December 15, 2026.
Midland States Bancorp (Nasdaq: MSBI) reported third-quarter 2026 net income available to common shareholders of $20.6 million, up from the prior quarter. Diluted earnings were $0.95 per share, versus $0.82 in the second quarter and $0.24 a year earlier. Net interest margin rose to 4.03% from 3.98%, including a $1.6 million interest recovery on a nonaccrual loan payoff.
Loans increased $39.1 million to $4.28 billion, while deposits declined $89.8 million to $5.62 billion. Nonperforming loans fell to $58.7 million from $60.9 million. Noninterest income declined to $23.2 million from $23.8 million, while noninterest expense increased to $52.8 million from $50.8 million. Tangible book value per share fell to $19.52 from $21.41. Total capital and common equity Tier 1 ratios were 15.60% and 10.36%, respectively, above regulatory minimums. The company expects an approximately 23% full-year effective tax rate.
Midland States Bancorp (MSBI) will release its third quarter 2026 financial results after market close on October 22, 2026.
The company will also publish an investor presentation on the Webcasts and Presentations page of its investor relations website alongside the results release.
Midland States Bancorp (MSBI) filed a universal shelf registration statement allowing potential securities offerings of up to $250 million.
The Form S-3 registration has not yet become effective and requires SEC effectiveness before securities may be sold or offers to buy accepted. Midland intends the shelf to provide flexibility to access capital markets over time, but currently has no specific plans to issue securities under it. Prices and terms of any future offering will be determined at that time and detailed in a prospectus supplement.
Midland States Bancorp (Nasdaq: MSBI) declared a quarterly cash dividend of $0.33 per common share, a 3.1% increase from the prior $0.32. The dividend is payable on August 21, 2026 to shareholders of record on August 14, 2026. 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 September 30, 2026 to shareholders of record on September 15, 2026. This is the 26th consecutive year of quarterly dividend increases, according to Midland States Bancorp.
Midland States Bancorp (Nasdaq: MSBI) reported second quarter 2026 net income available to common shareholders of $17.7 million, or $0.82 per diluted share, up from $16.2 million, or $0.74, in the prior quarter and $9.8 million, or $0.44, a year earlier. Return on average assets was 1.22%, and return on average tangible common equity was 16.27%. Adjusted pre-provision net revenue reached $32.8 million, or 2.01% of average assets. Net interest margin expanded to 3.98%, with the cost of deposits down to 1.78%. Total loans declined $94.9 million to $4.24 billion due to planned runoff in specialty finance and non-core portfolios, while Community Bank loans grew modestly. Deposits increased $267.2 million to $5.71 billion, and wealth management assets under administration rose to $4.78 billion. The allowance for credit losses on loans was $62.5 million (1.47% of total loans), nonperforming assets were 0.91% of total assets, and common equity Tier 1 capital at the holding company was 10.39%. The company repurchased $2.7 million of common stock under its $45 million authorization, leaving $24.9 million in remaining capacity through December 31, 2026.
Midland States Bancorp (Nasdaq: MSBI) will release its second quarter 2026 financial results after market close on Thursday, July 23, 2026. The company will also post an accompanying investor presentation on the Webcasts and Presentations section of its investor relations website.
Midland States Bancorp (Nasdaq: MSBI) appointed Claire A. Stack as Executive Vice President and Chief Financial Officer of the company and Midland States Bank, effective May 8, 2026.
She is a CPA with 15+ years of financial services experience, including public bank accounting, SEC reporting, controls, and compliance.
Midland States Bancorp (Nasdaq: MSBI) increased its stock repurchase authorization from $25 million to $45 million and extended the program through December 31, 2026. To date the company repurchased 923,837 shares at an average price of $21.46 for a total of $19.8 million. Repurchases may occur on the open market, in privately negotiated transactions, or otherwise in compliance with securities laws and may be suspended or discontinued at any time.
Midland States Bancorp (Nasdaq: MSBI) declared quarterly cash dividends for common and preferred shares. The common dividend is $0.32 per share, payable May 22, 2026, to shareholders of record on May 15, 2026. The preferred dividend is $0.4844 per depository share, payable June 30, 2026, to holders of record on June 15, 2026.