Midland States Bancorp, Inc. Announces Common Stock and Preferred Stock Dividends

Rhea-AI Summary

Midland States Bancorp (NASDAQ: MSBI) has announced its latest dividend declarations. The Board of Directors approved a quarterly cash dividend of $0.31 per share of common stock, payable on February 21, 2025, to shareholders of record as of February 14, 2025.

Additionally, the company declared a cash dividend of $0.4844 per depository share on its 7.75% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A. This preferred stock dividend will be paid on March 31, 2025, to stockholders of record as of March 17, 2025.

Positive

• Consistent dividend payment indicates financial stability
• Maintaining dividend levels for both common and preferred stockholders

Negative

• None.

EFFINGHAM, Ill., Feb. 04, 2025 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ: MSBI) announced today that its Board of Directors declared a quarterly cash dividend of $0.31 per share of its common stock. The dividend is payable on February 21, 2025 to all shareholders of record as of the close of business on February 14, 2025.

The Board of Directors also declared a cash dividend of $0.4844 per depository share on its 7.75% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A. The dividend will be payable on March 31, 2025 to stockholders of record as of March 17, 2025.

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 December 31, 2024, the Company had total assets of approximately $7.53 billion, and its Wealth Management Group had assets under administration of approximately $4.15 billion. The Company provides a full range of commercial and consumer banking products and services and business equipment financing, merchant credit card services, trust and investment management, insurance and financial planning services. For additional information, visit https://www.midlandsb.com/ or https://www.linkedin.com/company/midland-states-bank.

CONTACTS:
Eric T. Lemke, Chief Financial Officer, at elemke@midlandsb.com or (217) 342-7321

FAQ

What is the amount of MSBI's Q1 2025 common stock dividend?

Midland States Bancorp's Q1 2025 common stock dividend is $0.31 per share.

When is the payment date for MSBI's Q1 2025 common stock dividend?

The common stock dividend will be paid on February 21, 2025.

What is the record date for MSBI's Q1 2025 common dividend?

The record date for the common stock dividend is February 14, 2025.

What is MSBI's preferred stock dividend amount for March 2025?

The preferred stock dividend is $0.4844 per depository share on its 7.75% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A.

When will MSBI pay its preferred stock dividend?

The preferred stock dividend will be paid on March 31, 2025, to stockholders of record as of March 17, 2025.