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 ...

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, 2019 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 ...

Midland States Bancorp, Inc. NASDAQ: MSBI 1 Fourth Quarter 2019 Earnings Call Forward-Looking Statements. This presentation may contain forward-looking statements within the meaning of the federal securities laws. Forward-looking statements express management's current expectations, forecasts of future events or long-term goals, including with respect to pending acquisitions, and may be based upon beliefs, expectations and assumptions of Midland's management, are generally identifiable by the use of words s ...

Financial Data and Key Metrics Changes - The company generated $0.51 in earnings per share, with an adjusted earnings per share of $0.64 after accounting for a $1.6 million valuation adjustment to mortgage servicing rights [5][6] - Total loans increased at an annualized rate of 6.7%, with commercial loans growing primarily due to the equipment finance business [6][11] - Total deposits increased at an annualized rate of 8.8%, driven entirely by core deposits, resulting in a decline in the net non-core funding dependency ratio to 7.8% from 17.9% [8][9] - The efficiency ratio improved to 59.5%, down from 60.6% in the prior quarter, reflecting cost savings from the integration of Homestar Bank [9][21] Business Line Data and Key Metrics Changes - The commercial loans and leases portfolio increased by 7.4% on a linked quarter basis, with equipment finance business outstanding balances up 11.8% [11] - The consumer loan portfolio increased by $100 million from the end of the prior quarter, representing all growth in this portfolio during 2019 [11] - Wealth management revenue decreased by 10.4% from the prior quarter to $5.4 million, primarily due to a decline in estate fees [18] Market Data and Key Metrics Changes - Total deposits reached $4.54 billion, with significant growth in checking and money market balances [13] - The overall cost of deposits dropped by 4 basis points to 0.8% in the fourth quarter [13] Company Strategy and Development Direction - The company aims to focus on organic earnings growth and improving performance metrics, targeting an efficiency ratio under 60% by the end of the year [28][30] - Plans to redeem high-cost subordinated debt and manage the loan-to-deposit ratio in the mid-90% range [30][34] - The company will leverage technology investments to enhance digital banking and streamline operations [33][34] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the loan portfolio's makeup and underwriting, expecting charge-offs to remain under 20 basis points [41] - The company anticipates a positive impact on net interest margin from the redemption of high-cost subordinated debt and maturing time deposits [16][34] - The outlook for 2020 includes modest balance sheet growth and strong earnings growth driven by operational efficiencies and synergies from acquisitions [30][34] Other Important Information - The company incurred $3.3 million in integration and acquisition expenses in the fourth quarter [21] - The allowance for loan losses was at 64 basis points of total loans, with a provision for loan losses of $5.3 million recorded during the quarter [22][24] Q&A Session Summary Question: Credit side and provision expectations - Management expects charge-offs to remain slightly higher than peers, with a provision for loan losses in the range of $3 million to $4 million [40][41] Question: Margin sensitivity to Fed funds rate cuts - Initial pressure on the asset side is expected, with a lag in adjusting deposit rates [42][44] Question: Capital deployment and share repurchases - The company plans to continue paying dividends and using share repurchases defensively while working to improve the tangible common equity ratio [47][49] Question: Wealth management and FHA revenue outlook - Wealth management revenue is expected to normalize, while FHA revenue is anticipated to remain stable without further impairments [57][58]

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, 2019 ☐ 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 2019 Earnings Conference Call October 25, 2019 8:30 AM ET Company Participants Tony Rossi - Senior Vice President at Financial Profiles, Inc. Jeffrey Ludwig - President and Chief Executive Officer Donald Spring - Chief Accounting Officer Conference Call Participants Andrew Liesch - Sandler O'Neill Terence McEvoy - Stephens Inc. Michael Perito - KBW Kevin Reevey - D.A. Davidson Operator Ladies and gentlemen, and thank you for standing by and welcome to the Q3 20 ...