secwatch.observer — SEC 8-K summary
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Issuer:     Midland States Bancorp, Inc. (MSBI)
CIK:        0001466026
Form:       8-K
Filed at:   2023-11-13T23:59:59+00:00
Accession:  0001171843-23-007033
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1466026/000117184323007033/0001171843-23-007033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1466026/000117184323007033/f8k_111323.htm
  HTML page:      https://secwatch.observer/filing/0001171843-23-007033

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