---
schema_version: "secwatch.filing_event.v1"
accession: "0001466026-24-000005"
form_type: "8-K"
ticker: "MSBI"
cik: "0001466026"
company_name: "Midland States Bancorp, Inc."
filed_at: "2024-01-25T23:59:59+00:00"
generated_at: "2026-06-06T18:15:09.895256+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Midland States Bancorp Q4 net income $18.5M, EPS $0.84; tangible book value up 7.8%

## Summary
- Net income available to common of $18.5M ($0.84 diluted EPS) vs $9.2M ($0.41) in Q3; adjusted EPS $0.89.
- Tangible book value per share rose 7.8% QoQ to $23.35; CET1 ratio improved to 8.40% from 8.07%.
- Net interest margin (tax-equivalent) stable at 3.21% vs 3.20% Q3; total loans declined 2.4% largely due to equipment finance and consumer runoff.
- Loans 30-89 days past due increased to $82.8M from $46.6M; allowance for credit losses rose to 1.12% of loans from 1.06%.
- Board authorized new $25M share repurchase program effective Jan 1, 2024; 135,685 shares repurchased in Q4 at avg $21.11.

## SEC filing metadata
- accession: 0001466026-24-000005
- form_type: 8-K
- ticker: MSBI
- cik: 0001466026
- company_name: Midland States Bancorp, Inc.
- filed_at: 2024-01-25T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1466026/000146602624000005/0001466026-24-000005-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1466026/000146602624000005/msbi-20240125.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001466026-24-000005
- JSON: https://secwatch.observer/filing/0001466026-24-000005.json
- Plain text: https://secwatch.observer/filing/0001466026-24-000005.txt

## Key facts
- Earnings Releases
  Midland States Bancorp, Inc. reported the fourth quarter of 2023 results: net income $18.5 million, EPS $0.84 per diluted share.
  - Period: the fourth quarter of 2023
  - Net income: $18.5 million
  - EPS: $0.84 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 $18.5 million, or $0.84 per diluted share, for the fourth quarter of 2023, compared to $9.2 million, or $0.41 per diluted share, for the third quarter of 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1466026/000146602624000005/0001466026-24-000005-index.htm

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