EFFINGHAM, Ill., Dec. 01, 2025 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (Nasdaq: MSBI) today announced that its wholly owned subsidiary, Midland States Bank (“the Company”), has sold substantially all of its equipment finance portfolio to an affiliate of North Mill Equipment Finance LLC (“NMEF”). The transaction closed on November 28, 2025. NMEF acquired the portfolio for $502 million in cash, subject to adjustment. As of October 31, 2025, the equipment finance portfolio consisted of approximately $ ...

Core Insights - First Interstate BancSystem reported notable insider selling by John M. Heyneman Jr., a Board member, who sold 30,432 shares on November 21, 2025, amid a year of modest stock declines [1][2][9] Transaction Summary - The shares sold amounted to 30,432, with a transaction value of $944,300 based on a sale price of $31.03 per share [2] - Post-transaction, Heyneman's direct ownership decreased to 5,224 shares, valued at $164,100 based on a closing price of $31.42 on the same day [2] - This sale represented 85.35% of Heyneman's direct holdings prior to the transaction, significantly larger than his median sell trade of 21,125 shares [6] Company Overview - First Interstate BancSystem reported a total revenue of $1.01 billion and a net income of $245.40 million for the trailing twelve months [4] - The company has a dividend yield of 5.86% and a 1-year price change of -1.10% as of November 21, 2025 [4] Financial Performance - In Q3, First Interstate achieved a net income of $71.4 million, an increase from $55.5 million in the same quarter of 2024, resulting in earnings of $0.69 per diluted share compared to $0.54 the previous year [10] - However, net loans held for investment fell to $15.8 billion, reflecting a 12% year-over-year decline [10] Ownership Context - Despite the reduction in direct holdings, Heyneman retains significant indirect interests through various entities, totaling over 1.4 million shares [6][9] - The sale price of $31.03 was approximately 5.4% below the latest available market price of $32.80 as of November 27, 2025 [6]