Midland States Bancorp, Inc. Declares Quarterly Cash Dividend of $0.29 Per Share

(Neutral)

Rhea-AI Summary

On August 9, 2022, Midland States Bancorp, Inc. (NASDAQ: MSBI) announced a quarterly cash dividend of $0.29 per share. This dividend is set to be paid on or about August 26, 2022, to shareholders of record as of August 19, 2022. As of June 30, 2022, Midland had total assets of approximately $7.44 billion and its Wealth Management Group managed about $3.60 billion in assets. Midland offers a comprehensive range of banking products and services, enhancing its financial appeal to investors.

Positive

Declared quarterly dividend of $0.29 per share, demonstrating financial strength.
Total assets of approximately $7.44 billion indicate a stable financial position.
Wealth Management Group assets under administration of $3.60 billion reflect growth potential.

Negative

None.

News Market Reaction – MSBI

+0.77%

+0.77% Session move

In the trading session that priced this news, MSBI gained 0.77%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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08/09/2022 - 04:15 PM

EFFINGHAM, Ill., Aug. 09, 2022 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ: MSBI) announced today that its Board of Directors declared a quarterly cash dividend of $0.29 per share. The dividend is payable on or about August 26, 2022 to all shareholders of record as of the close of business on August 19, 2022.

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 June 30, 2022, the Company had total assets of approximately $7.44 billion, and its Wealth Management Group had assets under administration of approximately $3.60 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 declared by Midland States Bancorp (MSBI)?

Midland States Bancorp declared a quarterly cash dividend of $0.29 per share.

When will the dividend be paid for MSBI?

The dividend is scheduled to be paid on or about August 26, 2022.

What is the record date for the dividend payment from MSBI?

The record date for the dividend payment is August 19, 2022.

How much are Midland States Bancorp's total assets as of June 30, 2022?

As of June 30, 2022, Midland States Bancorp had total assets of approximately $7.44 billion.

What assets does Midland States Bancorp's Wealth Management Group manage?

The Wealth Management Group manages assets under administration of about $3.60 billion.