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.
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Midland States Bancorp, Inc. (NASDAQ: MSBI) will release its first quarter 2023 financial results on April 27, 2023, after market close. An investor presentation will accompany the press release and be available on the company's investor relations website. The company has ceased holding quarterly conference calls, focusing instead on written communications for stakeholders. As of December 31, 2022, Midland States Bancorp held total assets of approximately $7.86 billion, with its Wealth Management Group managing assets under administration of about $3.50 billion. For more details, visit the company's website.
Synctera, a Banking as a Service (BaaS) company, has announced a strategic partnership with National Bank of Canada and a $15 million investment led by NAventures. This investment will allow Synctera to expand its BaaS platform into Canada, catering to the increasing demand for innovative financial products. Since 2020, Synctera has facilitated the creation of FinTech applications and services in the U.S., and aims to provide similar capabilities in Canada. The partnership is expected to enhance Synctera's capabilities and foster collaborations with FinTechs, ultimately supporting the growing need for financial innovation.
Midland States Bancorp (NASDAQ: MSBI) has declared a quarterly cash dividend of $0.30 per share, marking a 3.4% increase from the previous $0.29 dividend. This announcement on February 7, 2023, signifies the 23rd consecutive year of dividend increases. The dividend is scheduled for payment on February 24, 2023, to shareholders of record as of February 17, 2023. Additionally, a cash dividend of $0.4844 per depository share on its 7.750% preferred stock will be paid on March 30, 2023. CEO Jeffrey G. Ludwig expressed confidence in the company's strong financial performance, allowing for enhanced shareholder returns.