Midland States Bancorp, Inc. Declares Quarterly Cash Dividend of $0.28 Per Share

Rhea-AI Summary

Midland States Bancorp (NASDAQ: MSBI) has declared a quarterly cash dividend of $0.28 per share, payable on May 21, 2021, to shareholders of record as of May 14, 2021. As of March 31, 2021, the company reported total assets of approximately $6.88 billion and assets under administration of around $3.56 billion in its Wealth Management Group. Midland offers a range of banking products and services including commercial and consumer banking, equipment financing, and trust services.

Positive

• Declared a quarterly cash dividend of $0.28 per share.
• Total assets of approximately $6.88 billion enhance stability.
• Wealth Management Group assets under administration of approximately $3.56 billion indicate strong market position.

Negative

• None.

News Market Reaction – MSBI

-0.28%

-0.28% Session move

In the trading session that priced this news, MSBI declined 0.28%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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EFFINGHAM, Ill., May 04, 2021 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ: MSBI) announced today that its Board of Directors declared a quarterly cash dividend of $0.28 per share. The dividend is payable on or about May 21, 2021 to all shareholders of record as of the close of business on May 14, 2021.

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, 2021, the Company had total assets of approximately $6.88 billion, and its Wealth Management Group had assets under administration of approximately $3.56 billion. Midland 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:
Douglas J. Tucker, Sr. V.P., Corporate Counsel, at dtucker@midlandsb.com or (217) 342-7321

FAQ

What is the dividend amount announced by Midland States Bancorp (MSBI)?

Midland States Bancorp announced a quarterly cash dividend of $0.28 per share.

When will the dividend be paid to shareholders of MSBI?

The dividend will be payable on May 21, 2021.

What is the record date for the MSBI dividend?

The record date for the dividend is May 14, 2021.

What are the total assets of Midland States Bancorp as of March 31, 2021?

As of March 31, 2021, Midland States Bancorp reported total assets of approximately $6.88 billion.