Midland States Bancorp, Inc. Announces Authorization of New $25 Million Stock Repurchase Program
Rhea-AI Summary
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.
Positive
- Authorized repurchase of $25 million
- Program effective November 3, 2025 to November 2, 2026
- Flexible execution allowed via open market or private transactions
Negative
- Prior program expired December 31, 2024 (gap in authorization)
- Purchases contingent on price, volume, regulatory requirements and market conditions
- Program cancellable and may be suspended or discontinued without notice
News Market Reaction 27 Alerts
On the day this news was published, MSBI gained 1.44%, reflecting a mild positive market reaction. Argus tracked a peak move of +4.9% during that session. Our momentum scanner triggered 27 alerts that day, indicating elevated trading interest and price volatility. This price movement added approximately $5M to the company's valuation, bringing the market cap to $344M at that time. Trading volume was elevated at 2.1x the daily average, suggesting notable buying interest.
Data tracked by StockTitan Argus on the day of publication.
EFFINGHAM, Ill., Nov. 03, 2025 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ: MSBI) announced today that its Board of Directors has approved a new stock repurchase program that authorizes the Company to repurchase up to
Jeffrey G. Ludwig, President and Chief Executive Officer of the Company, said, “The announcement of this new repurchase plan reflects our confidence in the Company’s capital position, improving credit quality and our ability to support the long-term growth trajectory of the Midland franchise. We view our stock to be a compelling investment opportunity and believe that the new share repurchase program underscores our approach to capital management.”
Stock repurchases under the Company’s authorized program may be made from time to time on the open market, in privately negotiated transactions, or in any other manner that complies with applicable securities laws, at the discretion of the Company. The timing of purchases and the number of shares repurchased under the program is dependent upon a variety of factors including price, trading volume, corporate and regulatory requirements, and market conditions. The repurchase program may be suspended or discontinued at any time without prior notice.
About Midland States Bancorp, Inc.
Midland States Bancorp, Inc. is a community-based financial holding company headquartered in Effingham, Illinois, and is the sole shareholder of Midland States Bank. As of September 30, 2025, the Company had total assets of approximately
CONTACTS:
Eric T. Lemke, Chief Financial Officer, at elemke@midlandsb.com or (217) 342-7321
FAQ
What did Midland States Bancorp (MSBI) authorize in the November 3, 2025 repurchase?
How can MSBI execute share repurchases under the new program?
When did MSBI's most recent prior repurchase program expire?
Will MSBI be required to buy a fixed number of shares under the $25 million program?
Can MSBI stop the repurchase program before November 2, 2026?
What rationale did MSBI management give for the new buyback (MSBI)?
