Welcome to our dedicated page for Midland States news (Ticker: MSBI), a resource for investors and traders seeking the latest updates and insights on Midland States stock.
Midland States Bancorp, Inc. (NASDAQ: MSBI) is a community-based financial holding company headquartered in Effingham, Illinois and the sole shareholder of Midland States Bank. This news page aggregates company-issued updates and market coverage related to Midland States Bancorp’s commercial banking, wealth management, capital actions, and regulatory disclosures.
Readers can find earnings announcements, including quarterly financial results where the company discusses net income, net interest margin, noninterest income and expense, asset quality metrics, and capital ratios. These releases often include management commentary on credit trends, loan portfolio changes, deposit mix, and strategic priorities such as growing the community bank and wealth management platform.
News items also cover corporate actions such as common and preferred stock dividend declarations, stock repurchase program authorizations, and balance sheet initiatives. For example, Midland States Bancorp has reported the redemption of subordinated notes, the sale of non-core loan portfolios, and the sale of substantially all of its equipment finance portfolio to an affiliate of North Mill Equipment Finance LLC, along with decisions to cease originations in that portfolio.
Regulatory and governance developments appear in the feed through summaries of Form 8-K filings and related press releases. These include notices regarding delayed SEC filings, Nasdaq listing rule deficiency notifications, annual meeting results, and changes in senior leadership roles. Investors can also see announcements of upcoming earnings release dates and the availability of investor presentations.
By following this page, users can review Midland States Bancorp’s historical and ongoing disclosures on financial performance, credit quality, capital management, and governance matters in one place, using the underlying articles to track how the company communicates its strategy and risk profile over time.
Midland States Bancorp (NASDAQ: MSBI) has received a deficiency notification from Nasdaq on August 19, 2025, due to its failure to file its Q2 2025 Form 10-Q on time. The notification indicates non-compliance with Nasdaq Listing Rule 5250(c)(1), which requires timely filing of periodic reports.
The company has until October 18, 2025 to submit a compliance plan to Nasdaq, which may grant up to 180 days (until February 26, 2026) to regain compliance. The delay is related to previous financial statement restatements that affected the company's 2024 10-K and Q1 2025 10-Q filings. The notification has no immediate effect on MSBI's listing or trading status on the Nasdaq Global Select Market.
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.
Midland States Bancorp (NASDAQ:MSBI) reported Q2 2025 net income of $9.8 million ($0.44 per diluted share), compared to $23.5 million ($1.06 per share) in Q2 2024. The company showed improvement from Q1 2025's loss of $143.2 million, which included a $154.0 million goodwill impairment.
Key Q2 2025 metrics include net interest margin of 3.56% (up 7 basis points), nonperforming assets ratio improving to 1.56% (from 2.08%), and total capital ratio of 14.50%. The bank reported $29.9 million in net charge-offs, primarily from specialty finance and equipment finance portfolios.
Notable improvements include reduced nonperforming assets to $111 million, successful exit of two large non-performing relationships worth $29 million in July, and continued reduction in higher-risk portfolios. Total loans stood at $5.06 billion with total deposits at $5.95 billion.
Midland States Bancorp (NASDAQ: MSBI) has scheduled the release of its second quarter 2025 financial results for Thursday, July 24, 2025, after market close. The company will also make available an investor presentation on its investor relations website's Webcasts and Presentations page alongside the earnings release.
Midland States Bancorp (NASDAQ: MSBI) has announced two dividend declarations. The company will pay a quarterly cash dividend of $0.31 per share of common stock, payable on May 23, 2025, to shareholders of record as of May 16, 2025. Additionally, MSBI declared a cash dividend of $0.4844 per depository share on its 7.75% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A, which will be paid on June 30, 2025, to stockholders of record as of June 16, 2025.
Midland States Bancorp reported preliminary Q1 2025 results with net income of $12.6 million ($0.57 per share). The bank is currently completing an evaluation of third-party lending arrangements and potential goodwill impairment, delaying its 2024 Annual Report filing.
Key financial metrics include:
- Net interest margin: 3.48%
- Total loans: $5.02 billion
- Total deposits: $5.94 billion
- Wealth management revenue: $7.4 million
Notable developments include the sale of $330 million in GreenSky loans, representing 89% of their portfolio. Credit quality shows improvement with no significant new substandard loans. Net charge-offs were $16.9 million, with $11.1 million fully reimbursed from third-party programs. The bank maintains strong capital ratios, with the Tier 1 leverage ratio at 9.90% for Midland States Bank and 9.55% for the holding company.
Midland States Bancorp (NASDAQ: MSBI) announced receiving a deficiency notification from Nasdaq on April 3, 2025, due to failing to timely file its Annual Report on Form 10-K for the year ended December 31, 2024. The notification indicates non-compliance with Nasdaq Listing Rule 5250(c)(1).
The company has 60 calendar days to submit a compliance plan, with Nasdaq having discretion to grant up to 180 days (until September 29, 2025) to regain compliance. The notice does not immediately affect MSBI's stock listing or trading on the Nasdaq Global Select Market.
The delay stems from additional time needed to evaluate the accounting and financial reporting of a third-party lending and servicing arrangement, including obtaining documentation and analysis. The company is also evaluating impacts on internal control over financial reporting.
Midland States Bancorp (NASDAQ: MSBI) has announced its latest dividend declarations. The Board of Directors approved a quarterly cash dividend of $0.31 per share of common stock, payable on February 21, 2025, to shareholders of record as of February 14, 2025.
Additionally, the company declared a cash dividend of $0.4844 per depository share on its 7.75% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A. This preferred stock dividend will be paid on March 31, 2025, to stockholders of record as of March 17, 2025.
Midland States Bancorp (MSBI) reported a net loss of $54.8 million ($2.52 per diluted share) in Q4 2024, compared to net income of $16.2 million in Q3 2024. The loss was primarily driven by significant credit quality actions, including:
- Sale of $87.1 million LendingPoint consumer loan portfolio with $17.3 million in losses
- Plan to sell $371.7 million Greensky portfolio with $33.4 million in losses
- Total net charge-offs of $102.7 million and provision for credit losses of $93.5 million
Key metrics for Q4 2024:
- Net interest margin: 3.19% (up from 3.10% in Q3)
- Wealth management revenue: $7.7 million (up from $7.1 million in Q3)
- Common equity tier 1 capital ratio: 8.37% (down from 9.00% in Q3)
- Total assets: $7.53 billion
- Total deposits: $6.20 billion