---
schema_version: "secwatch.filing_event.v1"
accession: "0001466026-24-000038"
form_type: "8-K"
ticker: "MSBI"
cik: "0001466026"
company_name: "Midland States Bancorp, Inc."
filed_at: "2024-10-24T23:59:59+00:00"
generated_at: "2026-05-30T10:25:55.306266+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Midland States Bancorp Q3 net income $16.2M ($0.74 EPS) vs Q2 $4.5M; provision expense drops to $5.0M

## Summary
- Net income available to common shareholders of $16.2M ($0.74 diluted EPS) vs $4.5M ($0.20) in Q2 2024.
- Provision expense fell to $5.0M from $16.8M in Q2 (driven by LendingPoint charge-off resolution).
- Tangible book value per share rose to $24.90 from $23.36; efficiency ratio improved to 62.8% from 65.2%.
- Net interest margin (tax-equivalent) was 3.10% vs 3.12% in Q2; nonperforming loans increased to $114.6M.
- Loans declined $103.2M (1.8%) as equipment finance and consumer portfolios were reduced.

## SEC filing metadata
- accession: 0001466026-24-000038
- form_type: 8-K
- ticker: MSBI
- cik: 0001466026
- company_name: Midland States Bancorp, Inc.
- filed_at: 2024-10-24T23:59:59+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/1466026/000146602624000038/0001466026-24-000038-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1466026/000146602624000038/msbi-20241024.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001466026-24-000038
- JSON: https://secwatch.observer/filing/0001466026-24-000038.json
- Plain text: https://secwatch.observer/filing/0001466026-24-000038.txt

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