secwatch.observer — SEC 8-K summary
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Issuer:     Midland States Bancorp, Inc. (MSBI)
CIK:        0001466026
Form:       8-K
Filed at:   2023-10-26T23:59:59+00:00
Accession:  0001466026-23-000027
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 Bancorp Q3 net income $15.8M ($0.71), adjusted $0.78; NIM 3.20%
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1466026/000146602623000027/0001466026-23-000027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1466026/000146602623000027/msbi-20231026.htm
  HTML page:      https://secwatch.observer/filing/0001466026-23-000027

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