secwatch.observer — SEC 8-K summary
======================================

Issuer:     Midland States Bancorp, Inc. (MSBI)
CIK:        0001466026
Form:       8-K
Filed at:   2024-07-29T23:59:59+00:00
Accession:  0001171843-24-004219
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 Q2 2024: Net income $4.5M, EPS $0.20; community bank loans +$91M
--------------------------------------------------------------------------------

- YTD adj. ROAA 0.53%, adj. ROTCE 6.51%; TCE/TA 6.59%.
- Net income available to common shareholders $4.5M ($0.20 diluted EPS).
- Community bank loans +$91M in Q2; total loans -$106.5M to $5.85B due to non-core runoff.
- ACL 1.58% of loans; LendingPoint reserves $14.6M; CET1 ratio 8.63%.
- 23 consecutive years of dividend increases; dividend yield 5.47%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1466026/000117184324004219/0001171843-24-004219-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1466026/000117184324004219/f8k_072924.htm
  HTML page:      https://secwatch.observer/filing/0001171843-24-004219

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