---
schema_version: "secwatch.filing_event.v1"
accession: "0001466026-26-000012"
form_type: "8-K"
ticker: "MSBI"
cik: "0001466026"
company_name: "Midland States Bancorp, Inc."
filed_at: "2026-01-22T23:59:59+00:00"
generated_at: "2026-05-16T08:44:35.060752+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Midland States Bancorp Q4 2025 net loss $5.1M; adjusted EPS $0.53; sells equipment finance portfolio

## Summary
- Net loss available to common shareholders of $5.1M ($0.24 diluted EPS) vs Q3 income of $5.3M ($0.24).
- Adjusted earnings available to common shareholders of $11.9M ($0.53 diluted EPS) excludes $21.4M loss on equipment finance sale.
- Net interest margin 3.74%, down 5 bps QoQ; cost of deposits fell 17 bps to 1.95%.
- Nonperforming assets stable at 1.02% of total assets; allowance for credit losses dropped to 1.59% of loans due to portfolio sale.
- Common equity tier 1 capital ratio improved to 9.89%; repurchased $9.6M of common stock in Q4.

## SEC filing metadata
- accession: 0001466026-26-000012
- form_type: 8-K
- ticker: MSBI
- cik: 0001466026
- company_name: Midland States Bancorp, Inc.
- filed_at: 2026-01-22T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/1466026/000146602626000012/0001466026-26-000012-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1466026/000146602626000012/msbi-20260122.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001466026-26-000012
- JSON: https://secwatch.observer/filing/0001466026-26-000012.json
- Plain text: https://secwatch.observer/filing/0001466026-26-000012.txt

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