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

(Neutral)

Rhea-AI Summary

Midland States Bancorp, Inc. (NASDAQ: MSBI) has declared a quarterly cash dividend of $0.29 per share, set to be paid on or about May 23, 2022. Shareholders of record as of May 13, 2022 will be eligible. As of March 31, 2022, the company reported total assets of approximately $7.34 billion and $4.04 billion in its Wealth Management Group.

Midland provides various banking products and services, including commercial and consumer banking, and wealth management solutions.

Positive

Quarterly cash dividend of $0.29 per share announced.
Total assets reported at approximately $7.34 billion.
Wealth Management Group assets under administration reached $4.04 billion.

Negative

None.

News Market Reaction – MSBI

+1.32%

+1.32% Session move

In the trading session that priced this news, MSBI gained 1.32%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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05/03/2022 - 05:09 PM

EFFINGHAM, Ill., May 03, 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 May 23, 2022 to all shareholders of record as of the close of business on May 13, 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 March 31, 2022, the Company had total assets of approximately $7.34 billion, and its Wealth Management Group had assets under administration of approximately $4.04 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 to shareholders of MSBI?

The dividend is payable on or about May 23, 2022.

What is the record date for the dividend of MSBI?

The record date for the dividend is May 13, 2022.

What are the total assets of Midland States Bancorp (MSBI)?

As of March 31, 2022, Midland States Bancorp reported total assets of approximately $7.34 billion.

How much does the Wealth Management Group of MSBI manage?

The Wealth Management Group of Midland States Bancorp has approximately $4.04 billion in assets under administration.