Midland States Bancorp, Inc.

For the period ended Jun 30, 2025. Filed Sep 8, 2025.

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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2025 · Filed Sep 8, 2025

MSBI$32.44+0.5%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Income for the and

CONSOLIDATED STATEMENTS OF INCOME — (UNAUDITED)

	Three Months Ended June 30,		Six Months Ended June 30,
	2025	2024	2025	2024
Interest income:
Loans including fees:
Taxable	$78,514	$92,095	$156,182	$184,941
Tax exempt	573	384	929	774
Loans held for sale	377	84	4,940	139
Investment securities:
Taxable	16,618	12,483	31,593	22,662
Tax exempt	432	254	860	672
Nonmarketable equity securities	694	963	1,341	1,650
Federal funds sold and cash investments	716	875	1,434	1,826
Total interest income	97,924	107,138	197,279	212,664
Interest expense:
Deposits	32,290	39,476	66,905	78,690
Short-term borrowings	573	308	1,273	1,144
Federal Home Loan Bank advances and other borrowings	3,766	5,836	6,929	8,872
Subordinated debt	1,394	1,265	2,781	2,545
Trust preferred debentures	1,206	1,358	2,406	2,747
Total interest expense	39,229	48,243	80,294	93,998
Net interest income	58,695	58,895	116,985	118,666
Provision for credit losses:
Provision for credit losses on loans	17,369	8,482	28,219	28,424
Recapture of credit losses on unfunded commitments	—	(200)	—	(200)
Total provision for credit losses	17,369	8,282	28,219	28,224
Net interest income after provision for credit losses	41,326	50,613	88,766	90,442
Noninterest income:
Wealth management revenue	7,379	6,801	14,729	13,933
Service charges on deposit accounts	3,351	3,121	6,656	6,237
Interchange revenue	3,463	3,563	6,614	6,921
Residential mortgage banking revenue	756	557	1,432	1,084
Income on company-owned life insurance	2,068	1,925	4,402	3,726
Loss on sales of investment securities, net	—	(152)	—	(152)
Credit enhancement income	3,848	14,328	3,270	30,982
Other income	2,669	1,841	4,194	7,094
Total noninterest income	23,534	31,984	41,297	69,825
Noninterest expense:
Salaries and employee benefits	25,685	22,872	52,101	46,974
Occupancy and equipment	4,166	3,964	8,664	8,106
Data processing	7,035	7,205	13,954	13,927
FDIC insurance	1,422	1,219	2,885	2,493
Professional services	2,792	2,243	5,533	4,498
Marketing	1,283	741	2,076	1,478
Communications	334	336	663	678
Loan expense	1,990	1,250	3,325	2,481
Loan servicing fees	1,386	3,305	2,136	7,046
Impairment on goodwill	—	—	153,977	—
Amortization of intangible assets	827	1,016	1,738	2,105
Other expense	3,072	6,633	5,945	9,606
Total noninterest expense	49,992	50,784	252,997	99,392
Income (loss) before income taxes	14,868	31,813	(122,934)	60,875
Income tax expense	2,844	6,094	6,016	12,493
Net income (loss)	12,024	25,719	(128,950)	48,382
Preferred dividends	2,228	2,228	4,456	4,456
Net income (loss) available to common shareholders	$9,796	$23,491	$(133,406)	$43,926
Per common share data:
Basic earnings (loss) per common share	$0.44	$1.06	$(6.13)	$1.99
Diluted earnings (loss) per common share	$0.44	$1.06	$(6.13)	$1.99
Weighted average common shares outstanding	21,820,190	21,731,195	21,808,475	21,753,056
Weighted average diluted common shares outstanding	21,820,190	21,734,849	21,808,475	21,761,492

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.