{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-117163","form_type":"8-K","ticker":"MSBI","cik":"0001466026","company_name":"Midland States Bancorp, Inc.","filed_at":"2025-12-01T23:59:59+00:00","discovered_at":"2026-05-14T18:02:39.461386+00:00","generated_at":"2026-05-16T15:52:27.540694+00:00","sec_items":["7.01","8.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Midland States Bancorp sells equipment finance portfolio to North Mill for $502M","bullets":["Sale closed Nov 28, 2025 for $502M cash; portfolio was $599M gross ($565M net) plus $21M operating leases.","Pre-tax loss of ~$20M expected in Q4 2025.","Proceeds to pay down ~$350M of wholesale funding; accretive to capital, neutral to earnings.","Retained ~$75M of loans/leases; total loans/leases reduced by ~$545M vs Oct 31, 2025.","Aligns with strategy to focus on core community banking; stopped originating new equipment finance loans as of Sep 30, 2025."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-117163","json":"https://secwatch.observer/filing/0001104659-25-117163.json","markdown":"https://secwatch.observer/filing/0001104659-25-117163.md","text":"https://secwatch.observer/filing/0001104659-25-117163.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1466026/000110465925117163/0001104659-25-117163-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1466026/000110465925117163/tm2532313d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T15:52:27.540694+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}