Core Viewpoint - Midland States Bancorp, Inc. has announced that Patriot Financial Partners, L.P. has acquired a position in the Company's common stock and that James F. Deutsch has been appointed to the Board of Directors [1][3]. Group 1: Company Developments - Patriot Financial Partners, L.P. has made open-market purchases of Midland States Bancorp's common stock [1]. - James F. Deutsch, a partner at Patriot and former CEO of Team Capital Bank, has joined the Board of Directors effective February 3, 2026 [1][2]. - The Company emphasizes the importance of partnering with sophisticated investors like Patriot to enhance shareholder returns and expand its franchise [3]. Group 2: Management Insights - Jeffrey C. Smith, Chairman of the Company, expressed enthusiasm about Mr. Deutsch's appointment and highlighted his extensive experience in the banking industry [3]. - Jeffrey G. Ludwig, President and CEO, noted that the investment from Patriot affirms the Company's direction and mission [3]. - Mr. Deutsch expressed his honor in joining the board and his commitment to assist in executing the Company's future growth strategies [3]. Group 3: Company Overview - Midland States Bancorp, Inc. is a community-based financial holding company headquartered in Effingham, Illinois, with total assets of approximately $6.51 billion as of December 31, 2025 [4]. - The Company's Wealth Management Group manages assets under administration of approximately $4.48 billion [4]. - Midland States Bancorp provides a full range of commercial and consumer banking products and services, including trust and investment management, insurance, and financial planning services [4].

Core Insights - Midland States Bancorp reported a net loss of $5.1 million, or $0.24 per diluted share, for Q4 2025, contrasting with a net income of $5.3 million, or $0.24 per diluted share, in Q3 2025, and a net loss of $33.0 million, or $1.52 per diluted share, in Q4 2024 [1][8][21] Financial Performance - The financial results for Q4 2025 included a loss of $21.4 million from the sale of the equipment finance portfolio and a $1.6 million loss from a small consumer loan portfolio. Adjusted earnings, excluding these losses, were $11.9 million, or $0.53 per diluted share [2][8] - The net interest margin for Q4 2025 was 3.74%, down from 3.79% in Q3 2025, but showed an increase of 5 basis points when excluding interest recoveries from the previous quarter [8][16] - Noninterest income increased to $26.9 million in Q4 2025 from $20.0 million in Q3 2025, driven by $6.6 million in additional credit enhancement income [22] Asset Quality and Loan Portfolio - The ratio of nonperforming assets to total assets was 1.02%, consistent with the prior quarter, while nonperforming loans decreased to $65.5 million from $68.7 million in Q3 2025 [8][9] - Total loans decreased to $4.35 billion, a reduction of $515.6 million from Q3 2025, primarily due to the sale of the equipment finance portfolio [14] - The provision for credit losses on loans was $11.8 million for Q4 2025, down from $20.5 million in Q3 2025, reflecting a replenishment of reserves following higher net charge-offs [13][21] Capital Position - The common equity tier 1 capital ratio improved to 9.89%, approaching the target of 10.0%. The total capital to risk-weighted assets ratio was 15.16% [6][25] - The company repurchased $9.6 million of common stock during Q4 2025, with approximately $15 million remaining under the share repurchase program [6][24] Business Outlook - The company aims to continue improving credit quality and has taken significant steps to reduce risk in its loan portfolio while enhancing its balance sheet without raising additional capital [5] - Revenue trends remain positive, with a strong net interest margin and approximately 6.5% annualized loan growth in the Community Bank, alongside record performance in the wealth management business [7][12]

Group 1 - Midland States Bancorp, Inc. will release its third quarter 2025 financial results after market close on October 30, 2025 [1] - An investor presentation will accompany the financial results and will be available on the company's investor relations website [1] Group 2 - Midland States Bancorp, Inc. is a community-based financial holding company headquartered in Effingham, Illinois [2] - The company had total assets of approximately $7.11 billion as of June 30, 2025 [2] - The Wealth Management Group of the company had assets under administration of approximately $4.18 billion [2] - 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 [2]

Core Viewpoint - Midland States Bancorp, Inc. reported a significant decrease in net income for the second quarter of 2025, reflecting a recovery from a substantial loss in the previous quarter, with ongoing improvements in credit quality and profitability expected for the remainder of the year [1][2][4]. Financial Performance - Net income available to common shareholders for Q2 2025 was $9.8 million, or $0.44 per diluted share, down from $23.5 million, or $1.06 per diluted share in Q2 2024 [1][7]. - Compared to Q1 2025, which had a net loss of $143.2 million due to goodwill impairment, the company showed a recovery in profitability [2][19]. - Pre-provision net revenue increased to $32.2 million in Q2 2025 from $27.0 million in Q1 2025 [7]. - The net interest margin expanded by 7 basis points to 3.56% in Q2 2025, compared to 3.49% in Q1 2025 [7][15]. Credit Quality - Non-performing assets decreased to $111 million, or 1.56% of total assets, down from $151 million, or 2.08% in Q1 2025 [5][7]. - The company reported limited new substandard or non-performing loans during the quarter, with substandard accruing loans and non-performing loans decreasing to $58.5 million and $109.5 million, respectively [8][19]. - Net charge-offs for the quarter were $29.9 million, with significant charge-offs in the specialty finance portfolio [8][21]. Capital and Liquidity - Capital levels increased quarter-over-quarter, with a common equity tier 1 capital ratio of 9.02% and total capital to risk-weighted assets at 14.50% [7][20]. - The company successfully exited two larger non-performing relationships totaling $29 million after the quarter-end, which is expected to further improve the non-performing asset ratio [5][19]. Loan Portfolio and Deposits - Total loans as of June 30, 2025, were $5.06 billion, reflecting an increase of $46.6 million from March 31, 2025 [14]. - Total deposits were $5.95 billion, a slight increase of $10.5 million from the previous quarter, with notable increases in commercial and public fund deposits [14][29]. Wealth Management - Wealth management revenue totaled $7.4 million in Q2 2025, with assets under administration reaching $4.18 billion [14][21].

Financial Results Announcement - Midland States Bancorp, Inc. will issue its second quarter 2025 financial results after market close on July 24, 2025 [1] - An investor presentation will accompany the financial results and will be available on the company's investor relations website [1] Company Overview - Midland States Bancorp, Inc. is a community-based financial holding company headquartered in Effingham, Illinois [2] - The company is the sole shareholder of Midland States Bank and had total assets of approximately $7.28 billion as of March 31, 2025 [2] - The Wealth Management Group of the company had assets under administration of approximately $4.10 billion [2] - 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 [2]

Core Viewpoint - Midland States Bancorp, Inc. reported preliminary results for the first quarter of 2025, indicating ongoing evaluations of accounting and financial reporting related to third-party lending and servicing arrangements, which may lead to restated financial statements for 2024 [1][2]. Preliminary Financial Results - The preliminary results reflect updated accounting methodologies for third-party lending and servicing arrangements, with actual results potentially differing materially from these preliminary figures [2]. - Net income available to common shareholders for Q1 2025 was $12.6 million, or $0.57 per diluted share, with pre-tax, pre-provision earnings of $27.0 million, or $1.12 per diluted share [7][17]. Asset Quality and Credit Trends - As of March 31, 2025, nonperforming loans totaled $140.0 million, with net charge-offs of $16.9 million, including $11.1 million from fully reimbursed charge-offs related to third-party lending programs [11][12]. - The company reported no significant new substandard or nonperforming loans during the quarter, and substandard accruing loans decreased slightly to $75.7 million [11][12]. Loan and Deposit Portfolio - Total loans decreased to $5.02 billion, with a notable decrease in the Specialty Finance loan portfolio by $159.3 million due to tightened credit standards [12]. - Total deposits were $5.94 billion, reflecting a decrease of $260.8 million from the previous quarter, with retail deposits increasing by $96.8 million [12]. Profitability and Capital Ratios - The net interest margin for Q1 2025 was reported at 3.48%, with a continued decline in the cost of funding to 2.29% [14]. - The company exceeded all regulatory capital requirements under Basel III, with total capital to risk-weighted assets at 13.77% [18]. Wealth Management and Noninterest Income - Wealth management revenue totaled $7.4 million for Q1 2025, with assets under administration at $4.10 billion [12]. - Noninterest income for the quarter was $17.8 million, impacted by losses on limited partnership investments and credit enhancements [16][21].