Every 10-Q that Midland States Bancorp, Inc. (MSBI) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow MSBI and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full MSBI filings page.
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.
Midland States Bancorp, Inc. reported net income of $18.5 million for the three months ended March 31, 2026, compared with a net loss driven by a large goodwill impairment a year earlier. Net interest income was $57.4 million, as lower interest expense offset softer loan interest.
Total loans were $4.34 billion and deposits were $5.44 billion, showing a largely stable balance sheet. The allowance for credit losses on loans was $67.9 million, with a $5.0 million provision and net charge-offs concentrated in commercial and consumer portfolios. Common shareholders earned $0.74 per diluted share.
Midland States Bancorp, Inc. reported a sharp downturn for the nine months ended September 30, 2025, driven by a large non‑cash goodwill impairment. The company recorded a net loss of $121.4M, compared with net income of $68.8M a year earlier, after recognizing $154.0M of goodwill impairment in its banking unit.
Core banking performance was roughly stable, with net interest income of $178.1M versus $177.8M last year, but credit costs remained elevated: the provision for credit losses was $48.2M and charge‑offs were high, especially in commercial and equipment finance. Total loans fell to $4.87B from $5.17B, and deposits declined to $5.60B from $6.20B, reflecting balance‑sheet contraction.
Shareholders’ equity dropped to $584.0M from $710.8M, mainly due to the impairment and dividends, while the allowance for credit losses on loans stood at $100.9M. The company also redeemed $50.8M of 7.91% subordinated notes, removing a relatively expensive funding source.
Midland States Bancorp reported a sharp quarterly reversal: a net loss of $140.974 million for the three months ended March 31, 2025, versus net income of $22.663 million a year earlier. The loss was driven primarily by a $153.977 million goodwill impairment recorded in the Banking reporting unit. Core net interest income was $58.29 million, roughly stable versus prior year, after paying $41.07 million of interest expense.
Balance sheet items weakened modestly: total assets were $7.285 billion, down from $7.507 billion, driven by $260.8 million lower deposits ($5.936 billion) and a lower loan balance of $5.018 billion. The allowance for credit losses on loans was $105.176 million and the provision for credit losses was $10.85 million. Book shareholders' equity fell to $571.437 million. Management stated the goodwill impairment did not affect regulatory capital ratios or liquidity.