---
schema_version: "secwatch.filing_event.v1"
accession: "0001466026-23-000012"
form_type: "8-K"
ticker: "MSBI"
cik: "0001466026"
company_name: "Midland States Bancorp, Inc."
filed_at: "2023-04-27T23:59:59+00:00"
generated_at: "2026-06-16T08:46:54.465297+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Midland States Bancorp Q1 net income $19.5M ($0.86 EPS); loans up 3% annualized

## Summary
- Net income $19.5M ($0.86 EPS) vs $29.7M ($1.30) Q4 2022 and $20.7M ($0.92) Q1 2022.
- Total loans grew $47.8M (3% annualized) to $6.35B; consumer loans fell $61.1M as GreenSky program winds down.
- Deposits up $60.5M (3.8% annualized) to $6.43B; uninsured deposits 21% of total; no extraordinary measures.
- Net interest margin (tax-equivalent) 3.39% vs 3.50% prior quarter; cost of deposits rose 47 bps to 1.70%.
- Tangible book value $21.87/share, up 4.4%; bought back 124,266 shares at $22.54; $22.2M remaining.

## SEC filing metadata
- accession: 0001466026-23-000012
- form_type: 8-K
- ticker: MSBI
- cik: 0001466026
- company_name: Midland States Bancorp, Inc.
- filed_at: 2023-04-27T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1466026/000146602623000012/0001466026-23-000012-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1466026/000146602623000012/msbi-20230427.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001466026-23-000012
- JSON: https://secwatch.observer/filing/0001466026-23-000012.json
- Plain text: https://secwatch.observer/filing/0001466026-23-000012.txt

## Key facts
- Earnings Releases
  Midland States Bancorp, Inc. reported first quarter of 2023 results: net income $19.5 million, EPS $0.86 per diluted share.
  - Period: first quarter of 2023
  - Net income: $19.5 million
  - EPS: $0.86 per diluted share
  - Result: reported results
  source text: Midland States Bancorp, Inc. (Nasdaq: MSBI) (the “Company”) today reported net income available to common shareholders of $19.5 million, or $0.86 per diluted share, for the first quarter of 2023 compared to $29.7 million, or $1.30 per diluted share, for the fourth quarter of 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1466026/000146602623000012/0001466026-23-000012-index.htm

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