---
schema_version: "secwatch.filing_event.v1"
accession: "0001466026-23-000027"
form_type: "8-K"
ticker: "MSBI"
cik: "0001466026"
company_name: "Midland States Bancorp, Inc."
filed_at: "2023-10-26T23:59:59+00:00"
generated_at: "2026-06-09T08:25:16.461955+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Midland States Bancorp Q3 net income $15.8M ($0.71), adjusted $0.78; NIM 3.20%

## Summary
- Net income available to common $15.8M ($0.71 diluted) vs $19.3M ($0.86) Q2 2023 and $23.5M ($1.04) Q3 2022.
- Adjusted diluted EPS $0.78 excluding $5.0M securities losses, $6.6M life insurance gain, and $4.5M tax charge.
- Tax-equivalent net interest margin 3.20% vs 3.23% prior quarter; net interest income $58.8M.
- Allowance for credit losses increased to 1.06% of loans from 1.02%; nonperforming loans $56.0M (0.89% of loans).
- Repurchased 271,059 shares at $22.14 during Q3; $10.1M remaining under $25M buyback program.

## SEC filing metadata
- accession: 0001466026-23-000027
- form_type: 8-K
- ticker: MSBI
- cik: 0001466026
- company_name: Midland States Bancorp, Inc.
- filed_at: 2023-10-26T23:59:59+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/1466026/000146602623000027/0001466026-23-000027-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1466026/000146602623000027/msbi-20231026.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001466026-23-000027
- JSON: https://secwatch.observer/filing/0001466026-23-000027.json
- Plain text: https://secwatch.observer/filing/0001466026-23-000027.txt

## Key facts
- Earnings Releases
  Midland States Bancorp, Inc. reported the third quarter of 2023 results: net income $15.8 million, EPS $0.71 per diluted share.
  - Period: the third quarter of 2023
  - Net income: $15.8 million
  - EPS: $0.71 per diluted share
  - Result: reported results
  source text: On October 26, 2023 , Midland States Bancorp, Inc. (the “Company”) issued a press release announcing its financial results for the third quarter of 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1466026/000146602623000027/0001466026-23-000027-index.htm

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