Midland States Bancorp, Inc. Increases Common Stock Cash Dividend to $0.32 Per Share and Declares Preferred Stock Dividend

Core Points - Midland States Bancorp, Inc. declared a quarterly cash dividend of $0.32 per share, marking a 3.2% increase from the previous dividend of $0.31 per share [1] - The company has increased its quarterly cash dividend for 25 consecutive years, indicating a strong commitment to returning capital to shareholders [3] - The bank's capital ratios are strong, with significant improvements in earnings and asset quality noted in the second quarter [3] Dividend Details - The cash dividend of $0.32 per share is payable on August 22, 2025, to shareholders of record as of August 15, 2025 [1] - Additionally, a cash dividend of $0.4844 per depository share on its 7.75% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A, will be payable on September 30, 2025, to stockholders of record as of September 15, 2025 [2] Company Overview - Midland States Bancorp, Inc. is a community-based financial holding company headquartered in Effingham, Illinois, and is the sole shareholder of Midland States Bank [4] - As of June 30, 2025, the company had total assets of approximately $7.11 billion, with its Wealth Management Group managing approximately $4.18 billion in assets [4] - 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 [4]