Highest-materiality recent filing
Midland States Bancorp boosts stock buyback authorization to $45M, extends to Dec 31, 2026
Board increased repurchase authorization from $25M to $45M; program extended to December 31, 2026.
Midland States Q1 net income $16.2M ($0.74 EPS), swing from prior losses
Net income available to common shareholders of $16.2M ($0.74 EPS) vs Q4 loss of $5.1M and Q1 2025 loss of $143.2M.
Midland States Bancorp terminates CFO Eric Lemke; appoints Claire Stack as interim CFO
Eric Lemke terminated as CFO and principal financial/accounting officer effective March 5, 2026.
Board increased from 10 to 11; James F. Deutsch appointed as Class II director effective Feb 3, 2026, term expiring at 2027 annual meeting.
Midland States Bancorp Q4 2025 net loss $5.1M; adjusted EPS $0.53; sells equipment finance portfolio
Net loss available to common shareholders of $5.1M ($0.24 diluted EPS) vs Q3 income of $5.3M ($0.24).
Midland States Bancorp sells equipment finance portfolio to North Mill for $502M
Sale closed Nov 28, 2025 for $502M cash; portfolio was $599M gross ($565M net) plus $21M operating leases.
Midland States Q3 net income $5.3M ($0.24/sh) vs $18.2M ($0.83) year ago; ceases equipment finance
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.
Midland States Bancorp to redeem all $50.75M subordinated notes on Sept 30, 2025
Redeeming $50.75M Fixed-to-Floating Rate Subordinated Notes due 2029 on September 30, 2025.
Midland States Bancorp receives Nasdaq deficiency notice for delayed Q2 10-Q filing
Received Nasdaq notice on Aug 19, 2025 for failure to timely file Q2 2025 Form 10-Q.
Midland States Q2 net income $9.8M ($0.44 diluted), down from $23.5M ($1.06) YoY
Net income available to common shareholders of $9.8M ($0.44 diluted EPS), down 58% from $23.5M ($1.06) in Q2 2024.
Midland States Bancorp receives Nasdaq deficiency notice for delayed 10-K and 10-Q filings
Nasdaq notice received May 19, 2025 for failure to timely file FY2024 10-K and Q1 2025 10-Q.
Preliminary Q1 EPS $0.57; restatement for 2024 ongoing, GreenSky loan sale closed
Net income available to common shareholders $12.6M, diluted EPS $0.57 for Q1 2025 (preliminary, unaudited).
Midland States Bancorp restates 2022-2024 financials; sells $330M GreenSky portfolio
Audit committee concludes financials for 2022-2024 and 2024 interim periods should no longer be relied upon due to accounting errors in third-party loan origination programs.
Midland States Bancorp reports Q4 net loss of $54.8M; exits non-core consumer loan portfolios
Net loss available to common shareholders of $54.8M ($2.52 diluted loss per share), vs. Q3 income of $16.2M.
Net income available to common shareholders of $16.2M ($0.74 diluted EPS) vs $4.5M ($0.20) in Q2 2024.
Midland States Bancorp Q2 2024: Net income $4.5M, EPS $0.20; community bank loans +$91M
YTD adj. ROAA 0.53%, adj. ROTCE 6.51%; TCE/TA 6.59%.
Net income available to common shareholders was $4.5 million ($0.20/diluted share), down from $11.7 million in Q1 2024 and $19.3 million in Q2 2023.
Midland States Bancorp Q1 2024 EPS $0.53, adjusted ROATCE 9.34%, outlines strategy
Net income available to common shareholders $11.7M, diluted EPS $0.53; YTD adjusted ROAA 0.72%, adjusted ROATCE 9.34%.
Midland States Bancorp Q1 EPS $0.53 down 37% QoQ; NPLs double to $105M
Diluted EPS $0.53 vs $0.84 in Q4 2023 and $0.86 in Q1 2023; net income available to common $11.7M.
On May 11, 2026, Midland States Bancorp, Inc. (the “Company”) announced that Claire A. Stack was appointed as Executive Vice President and Chief Financial Officer of the Company and its wholly owned banking subsidiary, Midland States Bank (the “Bank”), effective May 8, 2026.
On May 12, 2025, Sherina M. Edwards informed Midland States Bancorp, Inc. (the “Company”) of her resignation from the Company’s Board of Directors (the “Board”), effective May 12, 2025.
On January 3, 2025, Douglas J. Tucker retired from his position as Senior Vice President and Corporate Counsel of Midland States Bancorp, Inc.
On May 7, 2024, the board of directors of Midland States Bancorp, Inc. (the “Company”), the holding company of Midland States Bank (the “Bank”), appointed Travis J. Franklin as a director of the Company.
Max materiality 0.90 · Median 0.55 · Most common event leadership