UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to _______________ Commission File Number 001-35272 MIDLAND STATES BANCORP, INC. (Exact name of registrant as specified in its charter) (State of other jurisdi ...

EFFINGHAM, Ill., Aug. 05, 2025 (GLOBE NEWSWIRE) -- 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, an increase of 3.2% from the previous quarterly cash dividend of $0.31 per share. The dividend is payable on August 22, 2025 to all shareholders of record as of the close of business on August 15, 2025. The Board of Directors also declared a cash dividend of $0.4844 per depository share on its 7.7 ...

EFFINGHAM, Ill., Aug. 05, 2025 (GLOBE NEWSWIRE) -- 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, an increase of 3.2% from the previous quarterly cash dividend of $0.31 per share. The dividend is payable on August 22, 2025 to all shareholders of record as of the close of business on August 15, 2025. The Board of Directors also declared a cash dividend of $0.4844 per depository share on its 7.7 ...

Core Insights - Midland States Bancorp (MSBI) reported revenue of $82.23 million for the quarter ended June 2025, marking a year-over-year increase of 13.1% and a surprise of +6.24% over the Zacks Consensus Estimate of $77.4 million [1] - The earnings per share (EPS) for the same period was $0.44, compared to $0.20 a year ago, although it fell short of the consensus EPS estimate of $0.63, resulting in an EPS surprise of -30.16% [1] Financial Performance Metrics - Net Interest Margin was reported at 3.6%, slightly above the two-analyst average estimate of 3.5% [4] - Net charge-offs to average loans stood at 2.3%, significantly higher than the 0.6% average estimate [4] - Efficiency Ratio was 60.6%, better than the estimated 63.3% [4] - Average Balance of Total interest-earning assets was $6.64 billion, below the estimated $6.86 billion [4] - Residential mortgage banking revenue was $0.76 million, lower than the $0.85 million average estimate [4] - Wealth management revenue reached $7.38 million, slightly above the $7.23 million average estimate [4] - Net Interest Income (FTE)/Adjusted net interest income was $58.96 million, below the estimated $60.26 million [4] - Total Noninterest Income was $23.53 million, exceeding the two-analyst average estimate of $17.26 million [4] - Service charges on deposit accounts were $3.35 million, above the $3.09 million estimate [4] - Interchange revenue was reported at $3.46 million, compared to the $3.09 million average estimate [4] Stock Performance - Shares of Midland States Bancorp have returned +8.4% over the past month, outperforming the Zacks S&P 500 composite's +5.7% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]

Midland States Bancorp (MSBI) came out with quarterly earnings of $0.44 per share, missing the Zacks Consensus Estimate of $0.63 per share. This compares to earnings of $0.2 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -30.16%. A quarter ago, it was expected that this company would post earnings of $0.52 per share when it actually produced earnings of $0.57, delivering a surprise of +9.62%.Over the last four quarters, the c ...

Core Viewpoint - Midland States Bancorp, Inc. reported a significant decrease in net income for the second quarter of 2025, reflecting a recovery from a substantial loss in the previous quarter, with ongoing improvements in credit quality and profitability expected for the remainder of the year [1][2][4]. Financial Performance - Net income available to common shareholders for Q2 2025 was $9.8 million, or $0.44 per diluted share, down from $23.5 million, or $1.06 per diluted share in Q2 2024 [1][7]. - Compared to Q1 2025, which had a net loss of $143.2 million due to goodwill impairment, the company showed a recovery in profitability [2][19]. - Pre-provision net revenue increased to $32.2 million in Q2 2025 from $27.0 million in Q1 2025 [7]. - The net interest margin expanded by 7 basis points to 3.56% in Q2 2025, compared to 3.49% in Q1 2025 [7][15]. Credit Quality - Non-performing assets decreased to $111 million, or 1.56% of total assets, down from $151 million, or 2.08% in Q1 2025 [5][7]. - The company reported limited new substandard or non-performing loans during the quarter, with substandard accruing loans and non-performing loans decreasing to $58.5 million and $109.5 million, respectively [8][19]. - Net charge-offs for the quarter were $29.9 million, with significant charge-offs in the specialty finance portfolio [8][21]. Capital and Liquidity - Capital levels increased quarter-over-quarter, with a common equity tier 1 capital ratio of 9.02% and total capital to risk-weighted assets at 14.50% [7][20]. - The company successfully exited two larger non-performing relationships totaling $29 million after the quarter-end, which is expected to further improve the non-performing asset ratio [5][19]. Loan Portfolio and Deposits - Total loans as of June 30, 2025, were $5.06 billion, reflecting an increase of $46.6 million from March 31, 2025 [14]. - Total deposits were $5.95 billion, a slight increase of $10.5 million from the previous quarter, with notable increases in commercial and public fund deposits [14][29]. Wealth Management - Wealth management revenue totaled $7.4 million in Q2 2025, with assets under administration reaching $4.18 billion [14][21].

Effingham, IL, July 24, 2025 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (Nasdaq: MSBI) (the "Company") today reported net income available to common shareholders of $9.8 million, or $0.44 per diluted share, for the second quarter of 2025, compared to net income available to common shareholders of $23.5 million, or $1.06 per diluted share, for the second quarter of 2024. This also compares to a net loss of $143.2 million, or $6.58 per diluted share, for the first quarter of 2025, which included impairm ...

The market expects Midland States Bancorp (MSBI) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2025. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on July 24, might help the stock move higher if these key numbers ar ...

Financial Results Announcement - Midland States Bancorp, Inc. will issue its second quarter 2025 financial results after market close on July 24, 2025 [1] - An investor presentation will accompany the financial results and will be available on the company's investor relations website [1] Company Overview - Midland States Bancorp, Inc. is a community-based financial holding company headquartered in Effingham, Illinois [2] - The company is the sole shareholder of Midland States Bank and had total assets of approximately $7.28 billion as of March 31, 2025 [2] - The Wealth Management Group of the company had assets under administration of approximately $4.10 billion [2] - The company offers a full range of commercial and consumer banking products and services, including business equipment financing, merchant credit card services, trust and investment management, insurance, and financial planning services [2]

Table of Contents FORM 10-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 (Mark one) ☒ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2024 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from ______________ to _______________ Commission File Number 001-35272 MIDLAND STATES BANCORP, INC. (Exact name of registrant as specified in its cha ...