Midland States Bancorp, Inc. Increases Stock Repurchase Program to $45 Million
Rhea-AI Summary
Midland States Bancorp (Nasdaq: MSBI) increased its stock repurchase authorization from $25 million to $45 million and extended the program through December 31, 2026. To date the company repurchased 923,837 shares at an average price of $21.46 for a total of $19.8 million. Repurchases may occur on the open market, in privately negotiated transactions, or otherwise in compliance with securities laws and may be suspended or discontinued at any time.
Positive
- Authorization increased to $45 million for stock repurchases
- Repurchased 923,837 shares totaling $19.8 million to date
- Program extended through December 31, 2026
Negative
- Repurchases may be suspended or discontinued at any time without notice
News Market Reaction – MSBI
In the May 6 session, MSBI gained 2.62%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Previous Buybacks Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Nov 03 | Stock buyback authorization | Positive | +1.4% | Board authorized new $25M stock repurchase program with flexible execution. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Previous buyback authorization news coincided with a modest positive price reaction.
This announcement expands Midland States Bancorp’s capital return actions following a series of improving fundamentals. In Q1 2026, the company reported net income of $16.2 million and repurchased $7.8 million of stock, after earlier dividend declarations and a strategic investment by Patriot Financial Partners. The new increase of the repurchase authorization to $45 million builds on the $25 million program approved on November 3, 2025, reinforcing prior messaging around capital strength and shareholder returns.
Key Terms
stock repurchase program financial
common stock financial
open market financial
privately negotiated transactions financial
securities laws regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
EFFINGHAM, Ill., May 05, 2026 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (Nasdaq: MSBI) announced today that its Board of Directors has approved an amendment to the Company’s current stock repurchase program that increases the amount of common stock authorized for repurchase from
Jeffrey G. Ludwig, President and Chief Executive Officer of the Company, said “The decision to increase our share repurchase authorization reflects our sustained confidence in the Company’s capital strength, credit profile and long-term profitability outlook. We continue to view our shares as a compelling investment and believe this action reinforces our consistent and disciplined capital management strategy.”
Stock repurchases under the amended program may be made from time to time on the open market, in privately negotiated transactions, or in any other manner that complies with applicable securities laws, at the discretion of the Company. The program will be in effect until December 31, 2026, with the timing of purchases and the number of shares repurchased under the program dependent upon a variety of factors including price, trading volume, corporate and regulatory requirements and market conditions. The repurchase program may be suspended or discontinued at any time without notice.
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, 2026, the Company had total assets of approximately
Forward-Looking Statements
Readers should note that in addition to the historical information contained herein, this press release includes "forward-looking statements" within the meanings of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including but not limited to statements about the Company’s financing and use of proceeds from the notes offering. These statements are subject to many risks and uncertainties, including changes in interest rates and other general economic, business and political conditions, including changes in the financial markets; changes in business plans as circumstances warrant; risks relating to acquisitions; and other risks detailed from time to time in filings made by the Company with the Securities and Exchange Commission. Readers should note that the forward-looking statements included in this press release are not a guarantee of future events, and that actual events may differ materially from those made in or suggested by the forward-looking statements. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "will," "propose," "may," "plan," "seek," "expect," "intend," "estimate," "anticipate," "believe" or "continue," or similar terminology. Any forward-looking statements presented herein are made only as of the date of this press release, and the Company does not undertake any obligation to update or revise any forward-looking statements to reflect changes in assumptions, the occurrence of unanticipated events, or otherwise.
CONTACTS:
Claire A. Stack, Interim Chief Financial Officer, at cstack@midlandsb.com or (217) 342-7321
