secwatch.observer — SEC 8-K summary
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Issuer:     Midland States Bancorp, Inc. (MSBI)
CIK:        0001466026
Form:       8-K
Filed at:   2023-01-26T23:59:59+00:00
Accession:  0001466026-23-000003
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Midland States Bancorp Q4 net income $29.7M ($1.30 EPS), up 26% QoQ; ends GreenSky partnership
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- Net income available to common $29.7M, diluted EPS $1.30, vs $23.5M ($1.04) Q3 and $23.1M ($1.02) year ago.
- Net interest income $63.6M, down 0.7% from Q3; NIM 3.50% vs 3.63% prior.
- Noninterest income $33.8M including $17.5M gain on termination of forward starting interest rate swaps.
- Total loans $6.31B, up 7% annualized; deposits $6.36B, slightly down; TBV per share up 4%.
- Terminating GreenSky loan origination participation effective Oct 21, 2023; GreenSky to service existing loans.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1466026/000146602623000003/0001466026-23-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1466026/000146602623000003/msbi-20230126.htm
  HTML page:      https://secwatch.observer/filing/0001466026-23-000003

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