---
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"
generated_at: "2026-05-16T15:52:27.540694+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Midland States Bancorp sells equipment finance portfolio to North Mill for $502M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-117163
- JSON: https://secwatch.observer/filing/0001104659-25-117163.json
- Plain text: https://secwatch.observer/filing/0001104659-25-117163.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.