secwatch.observer — SEC 8-K summary
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Issuer:     Midland States Bancorp, Inc. (MSBI)
CIK:        0001466026
Form:       8-K
Filed at:   2024-01-25T23:59:59+00:00
Accession:  0001466026-24-000005
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1466026/000146602624000005/0001466026-24-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1466026/000146602624000005/msbi-20240125.htm
  HTML page:      https://secwatch.observer/filing/0001466026-24-000005

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