secwatch.observer — SEC 8-K summary
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Issuer:     Midland States Bancorp, Inc. (MSBI)
CIK:        0001466026
Form:       8-K
Filed at:   2024-05-08T23:59:59+00:00
Accession:  0001171843-24-002675
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Midland States Bancorp Q1 2024 EPS $0.53, adjusted ROATCE 9.34%, outlines strategy
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- Net income available to common shareholders $11.7M, diluted EPS $0.53; YTD adjusted ROAA 0.72%, adjusted ROATCE 9.34%.
- Total assets $7.8B, loans $6.0B, deposits $6.3B; net interest margin 3.18%, deposits up $14.5M in Q1.
- Nonperforming loans rose to 1.76% of total loans; allowance for credit losses increased to 1.31% of loans.
- GreenSky consumer loan runoff continues; portfolio projected to decline to $417M by year-end 2024.
- 23 consecutive years of dividend increases; tangible book value per share $23.44, ex-AOCI $27.23.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1466026/000117184324002675/0001171843-24-002675-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1466026/000117184324002675/f8k_050824.htm
  HTML page:      https://secwatch.observer/filing/0001171843-24-002675

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer