{"schema_version":"secwatch.filing_event.v1","accession":"0001466026-25-000054","form_type":"8-K","ticker":"MSBI","cik":"0001466026","company_name":"Midland States Bancorp, Inc.","filed_at":"2025-10-30T23:59:59+00:00","discovered_at":"2026-05-14T18:02:39.460716+00:00","generated_at":"2026-05-17T01:18:36.921642+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Midland States Q3 net income $5.3M ($0.24/sh) vs $18.2M ($0.83) year ago; ceases equipment finance","bullets":["Net income available to common shareholders $5.3M, or $0.24 diluted EPS, vs $9.8M ($0.44) in Q2 2025 and $18.2M ($0.83) in Q3 2024.","Provision for credit losses on loans $20.5M, driven by higher loss given default assumptions in equipment finance; net charge-offs $12.3M.","Ceased equipment finance originations effective September 30, 2025, to reduce higher-risk asset exposure.","Net interest margin improved to 3.79% from 3.56% in Q2 2025; cost of deposits fell to 2.12%.","Nonperforming assets dropped to 1.02% of total assets from 2.10% at Dec 31, 2024; CET1 ratio rose to 9.37%."],"urls":{"canonical":"https://secwatch.observer/filing/0001466026-25-000054","json":"https://secwatch.observer/filing/0001466026-25-000054.json","markdown":"https://secwatch.observer/filing/0001466026-25-000054.md","text":"https://secwatch.observer/filing/0001466026-25-000054.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1466026/000146602625000054/0001466026-25-000054-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1466026/000146602625000054/msbi-20251030.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T01:18:36.921642+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"}