All Other category made up of over 155 NAICS with Executive Offices being the largest at $10 million 12 12 Uninsured Deposits Uninsured Deposits (in millions) • All Investments are classified as Available for Sale • Average T/E Yield is 3.00% 10 10 l Deposit Type Trend Deposits by Type Trend (in millions) $4,074 $4,544 $5,101 11% CAGR $6,111 $6,365 $6,425 2018 2019 2020 2021 2022 1Q 2023 Non Int Bearing Demand Interest Bearing Checking Money Market Savings Time Brokered Time 11 11 1 Company Snapshot • 53 br ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (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, 2022 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission File Number 001-35272 MIDLAND STATES BANCORP, INC. (Exact name of registrant as specified in its charter) Illinois 37-1233196 (State of other jurisdiction of incorpo ...

Midland States Bancorp, Inc. NASDAQ: MSBI 1 Fourth Quarter 2022 Earnings Call Overview of 4Q22 • Net income available to common shareholders of $29.7 million, or $1.30 diluted EPS • Results include $17.5 million gain on the termination of forward starting swaps, $3.3 million loss on commercial mortgage servicing rights held for sale and $3.5 million impairment on other real estate owned • Pre-tax, pre-provision earnings(1) of $33.2 million • GAAP ROAA of 1.66% and Adjusted ROAA(1) of 1.13% • Total loans inc ...

Midland States Bancorp, Inc. (NASDAQ:MSBI) Q4 2022 Earnings Conference Call January 27, 2022 8:30 AM ET Company Participants Tony Rossi - IR, Financial Profiles, Inc. Jeffrey Ludwig - President & CEO Eric Lemke - CFO Conference Call Participants Jeff Rulis - D.A. Davidson & Co. Damon DelMonte - Keefe, Bruyette & Woods North America Nathan Race - Piper Sandler Operator Good day, and thank you for standing by. Welcome to the Q4 2022 Midland States Bancorp Earnings Conference Call. At this time, all participan ...

Financial Data and Key Metrics Changes - The company generated net income of $23.5 million, or $1.04 per share, up from $0.97 in the prior quarter [7] - Pretax, pre-provision earnings increased to $36.4 million [7] - Return on assets and return on average tangible common equity both increased from the prior quarter [8] Business Line Data and Key Metrics Changes - Total loans increased by $403 million from the end of the prior quarter, with commercial loans growing at a 36% annualized rate and commercial real estate loans at 22% [17] - The consumer portfolio increased by approximately $71 million, largely due to fintech partnerships [19] - Equipment finance surpassed $1 billion in total outstandings, reflecting significant growth [12] Market Data and Key Metrics Changes - Nonperforming assets declined by 14% from the end of the prior quarter, indicating positive trends in asset quality [15] - Noninterest-bearing deposits accounted for 31.7% of total deposits, up from 29.9% at the same point last year [22] Company Strategy and Development Direction - The company is focused on long-term growth, adding high-quality relationships even if it impacts net interest margin in the short term [11] - Continued investment in the equipment finance business is expected to drive future growth [37] - The company is exploring Banking-as-a-Service initiatives to enhance franchise value [40][42] Management's Comments on Operating Environment and Future Outlook - Management expects loan growth to moderate in the fourth quarter due to higher interest rates and economic uncertainty [39] - The company is cautious about the economic outlook, anticipating potential recession impacts in 2023 or 2024 [74] - Management believes they are well-positioned to create shareholder value despite a challenging near-term operating environment [41] Other Important Information - The company raised $115 million through a preferred stock offering to strengthen capital ratios [16] - Noninterest income increased by 8.3% from the prior quarter, attributed to the sale of commercial mortgage servicing rights [28] Q&A Session Summary Question: Clarification on servicing sale and deposit retention - Management is uncertain if the $200 million in deposits will remain with the company after the servicing rights sale, as new owners may move them [47] Question: Margin outlook and loan growth funding - Management indicated that loan growth may require higher-cost funding, which could impact margins [48] Question: Expense management with new hires - Management aims to absorb new hires' costs while seeking 2% cost savings to offset increases [50] Question: Consumer portfolio expectations with fintech partnerships - A modest decline in the consumer portfolio is expected, with LendingPoint partially offsetting GreenSky's runoff [72] Question: Provision expectations in light of economic conditions - Management hopes the $7 million provision is a peak, but economic uncertainty remains a concern [74] Question: Areas of caution in lending - Management is cautious about lending in office and residential development sectors [76] Question: Tax rate changes - A lower tax rate this quarter was due to benefits from state tax adjustments [78]

Midland States Bancorp, Inc. NASDAQ: MSBI 1 Third Quarter 2022 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 ...

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, 2022 ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 MIDLAND STATES BANCORP, INC. (Exact name of registrant as specified in its charter) (State of other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 1201 Network Centre Dr ...

Midland States Bancorp, Inc. (NASDAQ:MSBI) Q2 2022 Earnings Conference Call July 29, 2022 8:30 AM ET Company Participants Tony Rossi - Financial Profiles, IR Jeff Ludwig - President and CEO Eric Lemke ??? CFO Conference Call Participants Clark Wright - D.A. Davidson Damon DelMonte - KBW Terry McEvoy - Stephens Inc. Nathan Race - Piper Sandler Manuel Navas - D.A. Davidson Operator Good day, and thank you for standing by. Welcome to the Q2 2022 Midland States Bancorp, Inc. Earnings Conference Call. [Operator ...

Midland States Bancorp, Inc. NASDAQ: MSBI 1 Second Quarter 2022 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 ...

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, 2022 ☐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) Illinois 37-1233196 (St ...