BuybackMay 5, 2026, 04:42 PM
Midland States Bancorp Increases Buyback Program to $45M
AI Summary
Midland States Bancorp's Board of Directors approved an amendment to its stock repurchase program, increasing the authorized amount from $25 million to $45 million and extending the expiration date to December 31, 2026. To date, the company has repurchased 923,837 shares for $19.8 million under the program. Management expressed confidence in the company's capital strength, credit profile, and long-term profitability outlook.
Key Highlights
- Stock repurchase program increased from $25 million to $45 million.
- Program expiration date extended to December 31, 2026.
- Company has repurchased 923,837 shares to date.
- Total investment in repurchases to date is $19.8 million.
- Average repurchase price was $21.46 per share.