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

Rhea-AI Summary

Midland States Bancorp (NASDAQ: MSBI) has announced two dividend declarations. The company will pay a quarterly cash dividend of $0.31 per share of common stock, payable on May 23, 2025, to shareholders of record as of May 16, 2025. Additionally, MSBI declared a cash dividend of $0.4844 per depository share on its 7.75% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A, which will be paid on June 30, 2025, to stockholders of record as of June 16, 2025.

Positive

• Regular dividend payments demonstrate financial stability
• Company maintains dividend payments for both common and preferred stockholders
• Quarterly dividend of $0.31 per share provides steady income for shareholders

Negative

• None.

EFFINGHAM, Ill., May 06, 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 May 23, 2025 to all shareholders of record as of the close of business on May 16, 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 June 30, 2025 to stockholders of record as of June 16, 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 March 31, 2025, the Company had total assets of approximately $7.46 billion, and its Wealth Management Group had assets under administration of approximately $4.10 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 dividend amount for MSBI common stock in Q2 2025?

Midland States Bancorp (MSBI) declared a quarterly cash dividend of $0.31 per share of common stock for Q2 2025.

When is the MSBI Q2 2025 common stock dividend payable?

The MSBI common stock dividend is payable on May 23, 2025, to shareholders of record as of May 16, 2025.

What is MSBI's preferred stock dividend for Series A shares?

MSBI declared a cash dividend of $0.4844 per depository share on its 7.75% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A.

What is the record date for MSBI's preferred stock dividend?

The record date for MSBI's preferred stock dividend is June 16, 2025, with payment on June 30, 2025.