Midland States Bancorp, Inc. SEC Filings

Midland States Bancorp, Inc. officer Kyle Owen Mooney reported an option exercise and related share movements in MSBI stock. He exercised 1,198 options at an exercise price of $28.59 per share, received 1,198 common shares, and on the same date sold 1,198 shares at $33.51 per share. Earlier in August, a total of 108 shares of common stock were delivered or withheld at prices of $34.24 and $34.53 per share for payment of exercise price or tax liability. He continues to hold a direct option position exercisable for 5,678 shares of common stock at an exercise price of $28.43 per share, expiring on October 31, 2032.

Midland States Bancorp, Inc. declared a higher quarterly cash dividend of $0.33 per share on its common stock, up from $0.32. The dividend is payable on August 21, 2026 to shareholders of record at the close of business on August 14, 2026.

The board 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, payable on September 30, 2026 to stockholders of record on September 15, 2026. The company notes this is its 26th consecutive year of increasing the quarterly cash dividend and reports total assets of approximately $6.70 billion and wealth management assets under administration of approximately $4.78 billion as of June 30, 2026.

Midland States Bancorp, Inc. reported improved profitability for the quarter ended June 30, 2026. Net income was 19,888 (dollars in thousands), up from 12,024, and net income available to common shareholders was 17,660. Diluted earnings per common share rose to 0.82 from 0.44. For the first six months of 2026, net income was 38,351 versus a net loss of 128,950 in the prior-year period, which had been affected by goodwill impairment.

Net interest income was 59,589 for the quarter and 117,006 year to date, similar to 2025, while the total provision for credit losses declined to 6,819 for the quarter and 11,822 year to date, from 17,369 and 28,219. Noninterest income increased modestly, led by higher wealth management and credit enhancement income, and noninterest expense fell sharply due to the absence of prior-year impairment. At June 30, 2026, total loans were 4,243,704 and deposits 5,707,278 (dollars in thousands). The allowance for credit losses on loans decreased to 62,519, and nonaccrual loans were 57,458, while loan restructurings to borrowers experiencing financial difficulty totaled 26,583 over the first six months.

On July 28, 2026, Midland States Bancorp President & CEO Jeffrey G. Ludwig exercised 8,383 stock options at $28.59 per share to receive the same number of common shares, then sold 8,383 shares at $34.0001 per share. He retains options covering 52,291 shares at an exercise price of $28.43 expiring October 31, 2032. An additional 11,569 shares are held indirectly through JQ Properties, with beneficial ownership disclaimed except to the extent of his pecuniary interest.

Midland States Bancorp, Inc. furnished an investor presentation for use in meetings with investors and analysts. The presentation is provided as Exhibit 99.1 and is expressly treated as information that is furnished, not filed, under the Securities Exchange Act of 1934.

Midland States Bancorp, Inc. reported second quarter 2026 net income available to common shareholders of $17.7 million, or $0.82 per diluted share, compared with $16.2 million, or $0.74, in the first quarter and $9.8 million, or $0.44, a year earlier. Return on average assets was 1.22% and return on average tangible common equity reached 16.27%. Adjusted pre-provision net revenue was $32.8 million, equal to 2.01% of average assets, and the net interest margin expanded to 3.98% from 3.91%.

Total loans were $4.24 billion at June 30, 2026, down $94.9 million as planned runoff in specialty finance and non-core portfolios offset modest Community Bank growth. Total deposits rose to $5.71 billion, up $267.2 million, with higher retail and commercial balances and reduced brokered deposits, bringing the loan-to-deposit ratio to 74.4%. Wealth management delivered record revenue of $8.8 million on $4.78 billion of assets under administration.

Credit quality indicators were mixed: loans 30–89 days past due and substandard accruing loans declined, while nonperforming loans increased slightly to 1.43% of total loans and nonperforming assets remained 0.91% of total assets. Net charge-offs were $12.5 million, including an $8.6 million charge-off tied to resolving a previously identified commercial real estate relationship. The allowance for credit losses was $62.5 million, or 1.47% of total loans. Regulatory capital stayed strong, with a common equity Tier 1 ratio of 10.39% and total capital to risk-weighted assets of 15.77%, alongside $2.7 million of share repurchases during the quarter.

Midland States Bancorp, Inc. executive Jeremy Andrew Jameson, EVP and Chief Credit Officer, acquired 1 share of common stock on June 30, 2026 through the company’s Employee Stock Purchase Plan. The share was bought at $20.56, bringing his direct holdings to 63,213 shares. This was a routine, compensation-related ESPP purchase rather than an open-market trade.

Midland States Bancorp, Inc. Chief Risk Officer and financial officer Daniel Edward Casey reported acquiring 421 shares of common stock through the company’s Employee Stock Purchase Plan for a calendar quarter. The shares were purchased at $20.56 each, bringing his directly held stake to 28,471 shares.

Under the ESPP, the quarterly purchase price is the lower of 90% of the fair market value on the first day of the quarter or the closing price on the last day, making this a routine compensation-related acquisition rather than an open-market trade.