Midland States Bancorp, Inc. Declares Quarterly Cash Dividend of $0.2675 Per Share

Rhea-AI Summary

Midland States Bancorp (NASDAQ: MSBI) has declared a quarterly cash dividend of $0.2675 per share, payable on or about November 30, 2020, to shareholders of record as of the close of business on November 20, 2020.

As of September 30, 2020, Midland had total assets of approximately $6.70 billion and its Wealth Management Group managed about $3.26 billion in assets. Midland offers a range of financial services including banking, trust, investment management, and insurance.

Positive

• Quarterly cash dividend of $0.2675 per share announced.
• Total assets of approximately $6.70 billion indicate strong financial standing.
• Wealth Management Group has $3.26 billion in assets under administration.

Negative

• None.

News Market Reaction – MSBI

-1.55%

-1.55% Session move

In the trading session that priced this news, MSBI declined 1.55%, 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., Nov. 05, 2020 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ: MSBI) announced today that its Board of Directors declared a quarterly cash dividend of $0.2675 per share. The dividend is payable on or about November 30, 2020 to all shareholders of record as of the close of business on November 20, 2020.

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 September 30, 2020, the Company had total assets of approximately $6.70 billion, and its Wealth Management Group had assets under administration of approximately $3.26 billion. Midland provides a full range of commercial and consumer banking products and services, 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