Midland States Bancorp, Inc. NASDAQ: MSBI 1 Fourth Quarter 2020 Earnings Call Forward-Looking Statements. This presentation may contain forward-looking statements within the meaning of the federal securities laws. Forward-looking statements expressing management's current expectations, forecasts of future events or long-term goals may be based upon beliefs, expectations and assumptions of Midland's management, and are generally identifiable by the use of words such as "believe," "expect," "anticipate," "pla ...

Financial Data and Key Metrics Changes - The company reported adjusted earnings of $12.5 million, or $0.54 per share, which included a $3.2 million impairment of commercial mortgage servicing rights [9] - Adjusted pretax, pre-provision income was $28.9 million, reflecting a return on average assets of 1.69% [10] - Total loans increased at an annualized rate of 13.2% during the quarter, driven by strong performance in the equipment finance group and increased utilization of warehouse lines [14] - Total deposits increased at an annualized rate of 5.6%, largely due to growth in core deposits, resulting in a further reduction of the cost of deposits [16] Business Line Data and Key Metrics Changes - The total loan portfolio increased by $162 million, or 3.3% from the previous quarter, with a notable increase in warehouse lines of credit to commercial FHA originators [27] - The equipment finance portfolio saw a $46 million increase, driven by strong demand in construction and manufacturing [29] - The commercial real estate loans increased by $29 million, marking growth for the first time in a while [15] Market Data and Key Metrics Changes - The company experienced a decline in loan deferrals by 25% from the previous quarter, with total loan deferrals now representing about 4% of total loans [25] - The hotel/motel sector remained the largest contributor to loan deferrals, while assisted living facilities showed significant improvement [26] Company Strategy and Development Direction - The company aims to maintain strong capital and liquidity to support clients and communities during the pandemic [53] - There is a focus on increasing loan production in traditional community and commercial banking areas, with expectations for growth in equipment finance and commercial FHA warehouse lines [55] - The company plans to invest in technology to enhance operations and improve revenue generation, shifting spending towards capturing more wallet share from existing clients [59] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the progress made in restructuring operations over the past two years, leading to a more efficient and profitable institution [63] - There is still uncertainty regarding the timing of a stronger economic recovery, but the company is building reserve coverage to mitigate risks [21] - The company expects to see higher net interest income and improved profitability due to a lower cost structure and targeted loan growth [56] Other Important Information - The company recorded a one-time charge of $4.9 million due to FHLB prepayments, which is expected to be earned back in approximately three years [12] - The net interest margin for the quarter, excluding the impact of PPP income, was 3.36% [40] Q&A Session Summary Question: Can you elaborate on the new commercial banking verticals being expanded into? - Management indicated that they are focusing on regional SBA 7(a) business and agribusiness lending, with dedicated sales personnel being added to these lines [71] Question: How do you see the loan mix shifting over the next 12 to 24 months? - The company plans to hold the consumer portfolio flat while increasing commercial real estate and equipment finance loans, which are expected to drive growth [74] Question: What is the appetite for wealth management acquisitions? - Management is looking for smaller add-on acquisitions that could add 10% to 15% to the business, focusing on good pricing and regional opportunities [75] Question: What are the expectations for the provision entering 2021? - Management believes they have reached peak ACL build, with future provisions primarily driven by loan growth and replenishing for charge-offs [93] Question: How should we think about charge-off expectations? - Charge-offs are expected to be between 40 and 50 basis points of total loans, with the potential for some increases as the year progresses [94]

Table of Contents 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 September 30, 2020 ☐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) ( ...

Midland States Bancorp, Inc. (NASDAQ:MSBI) Q3 2020 Results Conference Call October 23, 2020 8:30 AM ET Company Participants Tony Rossi - Investor Relations Jeff Ludwig - President and Chief Executive Officer Eric Lemke - Chief Financial Officer Conference Call Participants Michael Schiavone - KBW Nathan Race - Piper Sandler Cooper Brown - Stephens David Konrad - DA Davidson Operator Ladies and gentlemen, thank you for standing by and welcome to the Third Quarter 2020 Midland States Bancorp, Inc. Earnings ...

Table of Contents 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 June 30, 2020 ☐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 ...

Midland States Bancorp, Inc. NASDAQ: MSBI 1 Second Quarter 2020 Earnings Call Forward-Looking Statements. This presentation may contain forward-looking statements within the meaning of the federal securities laws. Forward-looking statements expressing management's current expectations, forecasts of future events or long-term goals may be based upon beliefs, expectations and assumptions of Midland's management, and are generally identifiable by the use of words such as "believe," "expect," "anticipate," "pla ...

Midland States Bancorp, Inc. (NASDAQ:MSBI) Q2 2020 Earnings Conference Call July 24, 2020 8:30 AM ET Company Participants Tony Rossi - Investor Relations Jeff Ludwig - President and Chief Executive Officer Eric Lemke - Chief Financial Officer Conference Call Participants Terry McEvoy - Stephens Nathan Race - Piper Sandler Michael Perito - KBW David Konrad - D.A. Davidson Operator Good morning, ladies and gentlemen and welcome to the Q2 2020 Midland States Bancorp Earnings Conference Call. At this time, all ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (State of other jurisdiction of incorporation or organization) Illinois 37-1233196 (I.R.S. Employer Identification No.) 1201 Network Centre Drive Effingham, IL 62401 (Address of principal executive offices) (Zip Code) (217) 342-7321 ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2020 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 ...

Midland States Bancorp, Inc. (NASDAQ:MSBI) Q1 2020 Earnings Conference Call April 4, 2020 8:30 AM ET Company Participants Jeffrey Ludwig - President and Chief Executive Officer Eric Lemke - Chief Financial Officer Tony Rossi - Financial Profiles, Inc. Conference Call Participants Michael Perito - Keefe, Bruyette & Woods Inc. Terry McEvoy - Stephens Inc. Andrew Liesch - Piper Sandler & Co. David Konrad - D.A. Davidson Operator Ladies and gentlemen, thank you for standing by and welcome to the First Quarter 2 ...

Midland States Bancorp, Inc. NASDAQ: MSBI 1 First Quarter 2020 Earnings Call Forward-Looking Statements. This presentation may contain forward-looking statements within the meaning of the federal securities laws. Forward-looking statements expressing management's current expectations, forecasts of future events or long-term goals may be based upon beliefs, expectations and assumptions of Midland's management, and are generally identifiable by the use of words such as "believe," "expect," "anticipate," "plan ...