Midland States Bancorp, Inc.

Midland States Bancorp, Inc. reported strong second-quarter 2026 financial results, with net income available to common shareholders rising to $17.7 million, or $0.82 per diluted share, significantly up from $0.74 in Q1 2026 and $0.44 in Q2 2025. The company achieved net interest margin expansion to 3.98% and saw total deposits increase by $267.2 million, driven by retail and commercial growth while reducing brokered deposits. Despite a planned runoff in specialty finance loans, the Community Bank loan portfolio grew, and wealth management reported record revenue. Capital ratios strengthened, and the company continued its share repurchase program.

Midland States Bancorp, Inc. announced it will release its second quarter 2026 financial results after market close on Thursday, July 23, 2026. The company will also publish an investor presentation on its investor relations website, accompanying the financial results press release. As of March 31, 2026, the company reported total assets of approximately $6.55 billion.

Midland States Bancorp, Inc. announced the appointment of Claire A. Stack as Executive Vice President and Chief Financial Officer of the Company and its subsidiary, Midland States Bank, effective May 8, 2026. Ms. Stack, who joined the company in November 2025 as Corporate Controller and served as interim CFO since March 2026, brings over fifteen years of financial leadership experience. CEO Jeff Ludwig praised her strong leadership, collaborative approach, and deep financial expertise.

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.

Midland States Bancorp, Inc. announced the declaration of a quarterly cash dividend of $0.32 per share for its common stock, payable on May 22, 2026. The company also declared a cash dividend of $0.4844 per depository share for its 7.75% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A, payable on June 30, 2026. As of March 31, 2026, Midland States Bancorp reported total assets of approximately $6.55 billion and wealth management assets under administration of about $4.47 billion.

Midland States Bancorp, Inc. reported a net income of $18.46 million for Q1 2026, a significant improvement from a net loss of $140.97 million in Q1 2025. Basic earnings per common share rose to $0.74 from a loss of $6.58 in the prior year. This turnaround was primarily driven by a substantial reduction in noninterest expense, largely due to the absence of goodwill impairment charges, which were $153.98 million in Q1 2025. The company also saw a decrease in provision for credit losses and an increase in noninterest income.

Midland States Bancorp reported net income of $16.2 million, or $0.74 per diluted share, for Q1 2026, a significant turnaround from losses in Q4 2025 and Q1 2025. The company achieved a net interest margin of 3.91% and saw its Community Bank loan portfolio grow by 8.3% annualized. Credit metrics improved, non-performing assets declined, and the common equity tier 1 ratio strengthened to 9.98%. CEO Jeffrey G. Ludwig highlighted a solid start to 2026, attributing it to actions taken in 2025 to strengthen credit quality and reduce portfolio risk, expressing optimism for continued efficiency improvements.

Midland States Bancorp, Inc. reported net income available to common shareholders of $16.2 million, or $0.74 per diluted share, for the first quarter of 2026, a significant improvement from losses in previous quarters. The company achieved a net interest margin of 3.91% and saw credit metrics improve, with nonperforming assets declining. Management expressed optimism, noting a solid start to the year driven by efforts to strengthen credit quality and reduce portfolio risk.