{"schema_version":"secwatch.filing_event.v1","accession":"0001466026-24-000030","form_type":"8-K","ticker":"MSBI","cik":"0001466026","company_name":"Midland States Bancorp, Inc.","filed_at":"2024-07-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:13.132131+00:00","generated_at":"2026-05-31T16:15:24.381029+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Midland States Bancorp Q2 2024 net income falls to $4.5 million amid rising provision costs and credit deterioration","bullets":["Net income available to common shareholders was $4.5 million ($0.20/diluted share), down from $11.7 million in Q1 2024 and $19.3 million in Q2 2023.","Provision expense increased to $16.8 million, including $14.0 million related to credit deterioration at fintech partner LendingPoint.","Non-performing loans rose to $112.1 million (1.92% of loans) from $105.0 million at March 31, 2024; allowance for credit losses reached 1.58%.","Net interest margin narrowed to 3.12% from 3.18% in prior quarter; efficiency ratio worsened to 65.2% from 58.0%.","Tangible book value per share decreased to $23.36; Company repurchased 131,372 shares at a weighted average price of $22.84."],"urls":{"canonical":"https://secwatch.observer/filing/0001466026-24-000030","json":"https://secwatch.observer/filing/0001466026-24-000030.json","markdown":"https://secwatch.observer/filing/0001466026-24-000030.md","text":"https://secwatch.observer/filing/0001466026-24-000030.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1466026/000146602624000030/0001466026-24-000030-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1466026/000146602624000030/msbi-20240725.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T16:15:24.381029+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}