secwatch.observer — SEC 8-K summary
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Issuer:     Midland States Bancorp, Inc. (MSBI)
CIK:        0001466026
Form:       8-K
Filed at:   2023-04-27T23:59:59+00:00
Accession:  0001466026-23-000012
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1466026/000146602623000012/0001466026-23-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1466026/000146602623000012/msbi-20230427.htm
  HTML page:      https://secwatch.observer/filing/0001466026-23-000012

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