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

(Neutral)

Rhea-AI Summary

Midland States Bancorp (NASDAQ: MSBI) announced a quarterly cash dividend of $0.2675 per share, payable on or about August 21, 2020. This payment is for shareholders on record as of the close of business on August 14, 2020. As of June 30, 2020, Midland had total assets of approximately $6.64 billion and its Wealth Management Group had approximately $3.25 billion in assets under administration. The company offers a full range of financial services, including banking, investment management, and FHA financing through its subsidiary, Love Funding.

Positive

Declared a quarterly cash dividend of $0.2675 per share.
Total assets of approximately $6.64 billion as of June 30, 2020.
Wealth Management Group has assets under administration of around $3.25 billion.

Negative

None.

News Market Reaction – MSBI

+1.90%

+1.90% Session move

In the trading session that priced this news, MSBI gained 1.90%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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08/04/2020 - 04:56 PM

EFFINGHAM, Ill., Aug. 04, 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 August 21, 2020 to all shareholders of record as of the close of business on August 14, 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 June 30, 2020, the Company had total assets of approximately $6.64 billion, and its Wealth Management Group had assets under administration of approximately $3.25 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, and insurance and financial planning services. In addition, multi-family and healthcare facility FHA financing is provided through Love Funding, Midland’s non-bank subsidiary. For additional information, visit https://www.midlandsb.com/ or follow Midland on LinkedIn at 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?

Midland States Bancorp declared a quarterly cash dividend of $0.2675 per share.

When will the dividend for MSBI be paid?

The dividend will be payable on or about August 21, 2020.

What is the record date for the dividend payment?

The record date for the dividend payment is August 14, 2020.

What were the total assets of Midland States Bancorp as of June 30, 2020?

As of June 30, 2020, Midland States Bancorp had total assets of approximately $6.64 billion.