secwatch.observer — SEC 8-K summary
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Issuer:     Midland States Bancorp, Inc. (MSBI)
CIK:        0001466026
Form:       8-K
Filed at:   2025-07-24T23:59:59+00:00
Accession:  0001466026-25-000027
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Midland States Q2 net income $9.8M ($0.44 diluted), down from $23.5M ($1.06) YoY
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- Net income available to common shareholders of $9.8M ($0.44 diluted EPS), down 58% from $23.5M ($1.06) in Q2 2024.
- Pre-provision net revenue improved to $32.2M from $27.0M in prior quarter; net interest margin expanded 7 bps to 3.56%.
- Nonperforming assets declined to $111M (1.56% of assets) from $151M (2.08%) in Q1; CEO notes $29M in NPA exits post-quarter-end.
- Net charge-offs $29.9M including $13.9M specialty finance and $3.9M equipment finance; provision for credit losses $17.4M.
- Community Bank loans grew $58.9M; Specialty Finance decreased $173.3M as tighter underwriting reduces higher-risk exposure.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1466026/000146602625000027/0001466026-25-000027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1466026/000146602625000027/msbi-20250724.htm
  HTML page:      https://secwatch.observer/filing/0001466026-25-000027

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