Midland States Bancorp, Inc. Increases Common Stock Cash Dividend to $0.32 Per Share and Declares Preferred Stock Dividend

Rhea-AI Summary

Midland States Bancorp (NASDAQ: MSBI) has announced a 3.2% increase in its quarterly cash dividend to $0.32 per share of common stock, up from $0.31. The dividend will be paid on August 22, 2025, to shareholders of record as of August 15, 2025.

Additionally, the company declared a dividend of $0.4844 per depository share on its 7.75% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A, payable on September 30, 2025. This marks MSBI's 25th consecutive year of increasing its quarterly cash dividend, with management noting strong capital ratios and improved earnings and asset quality in Q2.

Positive

• 25th consecutive year of dividend increases demonstrates consistent shareholder returns
• Strong capital ratios maintained while increasing dividends
• Significant improvement in Q2 earnings and asset quality
• 3.2% increase in quarterly dividend to $0.32 per share

Negative

• None.

EFFINGHAM, Ill., Aug. 05, 2025 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ: MSBI) announced today that its Board of Directors declared a quarterly cash dividend of $0.32 per share of its common stock, an increase of 3.2% from the previous quarterly cash dividend of $0.31 per share. The dividend is payable on August 22, 2025 to all shareholders of record as of the close of business on August 15, 2025.

The Board of Directors also declared a cash dividend of $0.4844 per depository share on its 7.75% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A. The dividend will be payable on September 30, 2025 to stockholders of record as of September 15, 2025.

Jeffrey G. Ludwig, President and Chief Executive Officer of the Company, said, “This dividend declaration represents the 25^th consecutive year that Midland States Bancorp has increased its quarterly cash dividend. The bank’s capital ratios remain at strong levels, while earnings and asset quality improved significantly in the second quarter and should remain on a positive trajectory moving forward. Increasing our quarterly dividend is an important part of our capital return to shareholders, but notably we continue to retain a sufficient amount of capital to increase our ratios and support further growth of Midland’s community banking franchise.”

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, 2025, the Company had total assets of approximately $7.11 billion, and its Wealth Management Group had assets under administration of approximately $4.18 billion. The Company 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:
Eric T. Lemke, Chief Financial Officer, at elemke@midlandsb.com or (217) 342-7321

FAQ

What is Midland States Bancorp's (MSBI) new quarterly dividend amount?

Midland States Bancorp's new quarterly dividend is $0.32 per share, representing a 3.2% increase from the previous $0.31 per share.

When will MSBI's Q3 2025 dividend be paid?

The dividend will be paid on August 22, 2025 to shareholders of record as of August 15, 2025.

How long has Midland States Bancorp been increasing its dividend?

This marks the 25th consecutive year that Midland States Bancorp has increased its quarterly cash dividend.

What is MSBI's preferred stock dividend amount for Q3 2025?

MSBI declared a dividend of $0.4844 per depository share on its 7.75% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A, payable on September 30, 2025.

How is Midland States Bancorp's financial health in 2025?

According to management, the bank maintains strong capital ratios with significantly improved earnings and asset quality in Q2 2025, expecting to remain on a positive trajectory.