---
schema_version: "secwatch.filing_event.v1"
accession: "0001466026-25-000010"
form_type: "8-K"
ticker: "MSBI"
cik: "0001466026"
company_name: "Midland States Bancorp, Inc."
filed_at: "2025-04-30T23:59:59+00:00"
generated_at: "2026-05-23T02:14:10.814654+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "medium"
source: SEC EDGAR
---

# Preliminary Q1 EPS $0.57; restatement for 2024 ongoing, GreenSky loan sale closed

## Summary
- Net income available to common shareholders $12.6M, diluted EPS $0.57 for Q1 2025 (preliminary, unaudited).
- Company expects restatement of 2024 financials; audit not yet completed due to third-party lending accounting evaluation.
- Sold ~$330M (89%) of GreenSky loan portfolio in April 2025; remaining retained under new servicing agreement.
- Net charge-offs $16.9M, including $11.1M fully reimbursed from third-party programs; equipment finance charge-offs $4.5M.
- Community Bank loans grew $56.8M; overall loans declined $149.5M due to intentional reduction in Specialty Finance and Equipment Finance.

## SEC filing metadata
- accession: 0001466026-25-000010
- form_type: 8-K
- ticker: MSBI
- cik: 0001466026
- company_name: Midland States Bancorp, Inc.
- filed_at: 2025-04-30T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: medium
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1466026/000146602625000010/0001466026-25-000010-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1466026/000146602625000010/msbi-20250430.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001466026-25-000010
- JSON: https://secwatch.observer/filing/0001466026-25-000010.json
- Plain text: https://secwatch.observer/filing/0001466026-25-000010.txt

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