---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-23-007033"
form_type: "8-K"
ticker: "MSBI"
cik: "0001466026"
company_name: "Midland States Bancorp, Inc."
filed_at: "2023-11-13T23:59:59+00:00"
generated_at: "2026-06-08T04:55:40.800634+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Midland States Bancorp Q3 2023 update: $0.71 EPS, stable deposits, asset quality steady

## Summary
- Net income available to common shareholders of $15.8M, diluted EPS $0.71; includes $0.07 loss from balance sheet repositioning.
- Total loans $6.28B, down $86.5M QoQ from planned runoff in GreenSky and equipment finance; loan yield rose to 5.93%.
- Total deposits essentially flat at $6.41B; loan-to-deposit ratio improved to 98% from 99%; cost of deposits rose to 2.32%.
- Nonperforming loans/total loans at 0.89%, NCO/average loans at 0.22%; CET1 ratio increased 13bps to 8.16%.
- GreenSky termination in Oct 2023; projected portfolio reduction to $407M by EOY 2024 from $755M at 9/30/23.

## SEC filing metadata
- accession: 0001171843-23-007033
- form_type: 8-K
- ticker: MSBI
- cik: 0001466026
- company_name: Midland States Bancorp, Inc.
- filed_at: 2023-11-13T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1466026/000117184323007033/0001171843-23-007033-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1466026/000117184323007033/f8k_111323.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-23-007033
- JSON: https://secwatch.observer/filing/0001171843-23-007033.json
- Plain text: https://secwatch.observer/filing/0001171843-23-007033.txt

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