Midland States Bancorp, Inc. Announces Authorization of New $25 Million Stock Repurchase Program

Core Viewpoint - Midland States Bancorp, Inc. has announced a new stock repurchase program authorizing the repurchase of up to $25 million of its common stock, effective from November 3, 2025, to November 2, 2026, reflecting confidence in its capital position and growth potential [1][2]. Group 1: Stock Repurchase Program - The new stock repurchase program allows the company to buy back up to $25 million of its common stock [1]. - The previous stock repurchase program expired on December 31, 2024 [1]. - Repurchases may occur on the open market or through privately negotiated transactions, depending on various factors such as price and market conditions [2]. Group 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 [3]. - As of September 30, 2025, the company had total assets of approximately $6.91 billion, with its Wealth Management Group managing assets under administration of about $4.36 billion [3]. - The company offers a comprehensive range of banking products and services, including commercial and consumer banking, business equipment financing, and financial planning services [3].