secwatch.observer — SEC 8-K summary
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Issuer:     Midland States Bancorp, Inc. (MSBI)
CIK:        0001466026
Form:       8-K
Filed at:   2023-07-27T23:59:59+00:00
Accession:  0001466026-23-000021
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1466026/000146602623000021/0001466026-23-000021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1466026/000146602623000021/msbi-20230727.htm
  HTML page:      https://secwatch.observer/filing/0001466026-23-000021

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