{"schema_version":"secwatch.filing_event.v1","accession":"0001466026-24-000013","form_type":"8-K","ticker":"MSBI","cik":"0001466026","company_name":"Midland States Bancorp, Inc.","filed_at":"2024-04-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:18.511365+00:00","generated_at":"2026-06-03T07:49:29.868023+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Midland States Bancorp Q1 EPS $0.53 down 37% QoQ; NPLs double to $105M","bullets":["Diluted EPS $0.53 vs $0.84 in Q4 2023 and $0.86 in Q1 2023; net income available to common $11.7M.","Provision expense $14.0M (Q4: $7.0M) due to $8.0M specific reserve on a multi-family construction loan.","Non-performing loans rose to $105.0M (1.76% of loans) from $56.4M; four loans account for $47.4M increase.","Net interest margin 3.18%, down from 3.21% QoQ and 3.39% YoY; cost of deposits 2.49%.","Tangible book value per share $23.44 (up 0.4% QoQ); CET1 ratio 8.60%; repurchased 73,781 shares at $26.31."],"urls":{"canonical":"https://secwatch.observer/filing/0001466026-24-000013","json":"https://secwatch.observer/filing/0001466026-24-000013.json","markdown":"https://secwatch.observer/filing/0001466026-24-000013.md","text":"https://secwatch.observer/filing/0001466026-24-000013.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1466026/000146602624000013/0001466026-24-000013-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1466026/000146602624000013/msbi-20240425.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T07:49:29.868023+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"fc393725bda86da2f541af46d75abab2e7db0d20","claim":"Midland States Bancorp, Inc. reported first quarter of 2024 results: net income $11.7 million, EPS $0.53 per diluted share.","evidence_excerpt":"Midland States Bancorp, Inc. (the “Company”) issued a press release announcing its financial results for the first quarter of 2024.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1466026/000146602624000013/0001466026-24-000013-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter of 2024"},{"label":"Net income","value":"$11.7 million"},{"label":"EPS","value":"$0.53 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}