---
schema_version: "secwatch.filing_event.v1"
accession: "0001466026-23-000021"
form_type: "8-K"
ticker: "MSBI"
cik: "0001466026"
company_name: "Midland States Bancorp, Inc."
filed_at: "2023-07-27T23:59:59+00:00"
generated_at: "2026-06-13T00:19:05.733965+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Midland States Q2 net income $19.3M ($0.86 EPS); NIM narrows to 3.23%

## Summary
- Net income available to common $19.3M ($0.86 diluted) vs $19.5M Q1 and $21.9M year ago.
- Tax-equivalent NIM 3.23% (Q1: 3.39%, Q2 2022: 3.65%); net interest income $59.0M, down 2.8% QoQ.
- Loans $6.37B (+$13.1M QoQ); deposits flat at $6.43B; commercial/construction up, consumer down (GreenSky runoff).
- Efficiency ratio improved to 55.0% from 57.6% Q1; noninterest expense $42.9M.
- NPLs rose to 0.86% of loans (0.80% Q1); allowance at 1.02%; CET1 ratio 8.03%; TBV $22.24.

## SEC filing metadata
- accession: 0001466026-23-000021
- form_type: 8-K
- ticker: MSBI
- cik: 0001466026
- company_name: Midland States Bancorp, Inc.
- filed_at: 2023-07-27T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1466026/000146602623000021/0001466026-23-000021-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1466026/000146602623000021/msbi-20230727.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001466026-23-000021
- JSON: https://secwatch.observer/filing/0001466026-23-000021.json
- Plain text: https://secwatch.observer/filing/0001466026-23-000021.txt

## Key facts
- Earnings Releases
  Midland States Bancorp, Inc. reported the second quarter of 2023 results: net income $19.3 million, EPS $0.86 per diluted share.
  - Period: the second quarter of 2023
  - Net income: $19.3 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 $19.3 million, or $0.86 per diluted share, for the second quarter of 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1466026/000146602623000021/0001466026-23-000021-index.htm

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