Midland States Bancorp (NASDAQ: MSBI) sets common and preferred dividends
Rhea-AI Filing Summary
Midland States Bancorp, Inc. declared regular cash dividends on its common and preferred stock. The Board approved a quarterly dividend of $0.32 per share on common stock, payable on May 22, 2026 to shareholders of record on May 15, 2026. The company also declared a dividend of $0.4844 per depositary share on its 7.75% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A, payable on June 30, 2026 to stockholders of record on June 15, 2026. As of March 31, 2026, Midland States Bancorp reported total assets of approximately $6.55 billion and wealth management assets under administration of about $4.47 billion, reflecting the scale of its community-based banking and wealth management operations.
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8-K Event Classification
Key Figures
Key Terms
Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock financial
community-based financial holding company financial
assets under administration financial
United States
Securities
And Exchange Commission
Washington, DC 20549
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| Item 8.01. | Other Events. |
Dividend Announcement
On May 5, 2026, Midland States Bancorp, Inc. (the “Company”) announced that its Board of Directors (the “Board”) declared a quarterly cash dividend of $0.32 per share of its common stock. The dividend is payable on May 22, 2026 to all shareholders of record as of the close of business on May 15, 2026.
The Board also declared a cash dividend of $0.4844 per depository share on its 7.750% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A. The dividend will be payable on June 30, 2026 to stockholders of record as of June 15, 2026.
A copy of the press release regarding the dividends is filed herewith as Exhibit 99.1.
| Item 9.01. | Financial Statements and Exhibits. |
| (d) | Exhibits |
| Exhibit No. | Description |
| 99.1 | Press Release of Midland States Bancorp, Inc., dated May 5, 2026 |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SignatureS
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: May 5, 2026 | MIDLAND STATES BANCORP, INC. | |
| By: | /s/ Nathan Sturycz | |
| Nathan Sturycz | ||
| General Counsel | ||
Exhibit 99.1
FOR IMMEDIATE RELEASE
MIDLAND STATES BANCORP, INC. ANNOUNCES COMMON STOCK
AND PREFERRED STOCK DIVIDENDS
Effingham, IL, May 5, 2026 – Midland States Bancorp, Inc. (Nasdaq: MSBI) announced today that its Board of Directors declared a quarterly cash dividend of $0.32 per share of its common stock. The dividend is payable on May 22, 2026 to all shareholders of record as of the close of business on May 15, 2026.
The Board of Directors 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. The dividend will be payable on June 30, 2026 to stockholders of record as of June 15, 2026.
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 $6.55 billion, and its Wealth Management Group had assets under administration of approximately $4.47 billion. The Company provides a full range of commercial and consumer banking products and services, merchant credit card services, trust and investment management, insurance and financial planning services. For additional information, visit midlandsb.com or follow Midland States Bank on LinkedIn.
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CONTACTS:
Claire A. Stack, Interim Chief Financial Officer, at cstack@midlandsb.com or (217) 342-7321
FAQ
What dividend did Midland States Bancorp (MSBI) declare on its common stock?
Midland States Bancorp declared a quarterly cash dividend of $0.32 per share on its common stock. The dividend will be paid on May 22, 2026 to shareholders of record as of the close of business on May 15, 2026.
What is the preferred stock dividend Midland States Bancorp (MSBI) announced?
The Board declared a cash dividend of $0.4844 per depositary share on its 7.75% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A. This preferred dividend will be payable on June 30, 2026 to stockholders of record as of June 15, 2026.
When are the record and payment dates for MSBI’s common stock dividend?
Shareholders of Midland States Bancorp common stock must be on record by May 15, 2026 to receive the dividend. The $0.32 per share cash dividend is scheduled to be paid on May 22, 2026, according to the company’s announcement.
How large is Midland States Bancorp (MSBI) based on the latest figures?
As of March 31, 2026, Midland States Bancorp reported total assets of approximately $6.55 billion. Its Wealth Management Group had assets under administration of about $4.47 billion, highlighting the size of its banking and wealth management operations.
What types of services does Midland States Bancorp (MSBI) provide?
Midland States Bancorp operates as a community-based financial holding company offering commercial and consumer banking, merchant credit card services, trust and investment management, insurance, and financial planning services. It is headquartered in Effingham, Illinois and owns Midland States Bank.
Where can investors find more information about Midland States Bancorp (MSBI)?
Investors can find additional information on Midland States Bancorp by visiting midlandsb.com. The company also shares updates through its Midland States Bank presence on LinkedIn, alongside contact details for its interim Chief Financial Officer.