Midland States Bancorp, Inc.

For the period ended Sep 30, 2025. Filed Nov 6, 2025.

About this filing

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.

Sep 30, 2025 · Filed Nov 6, 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 September 30,		Nine Months Ended September 30,
	2025	2024	2025	2024
Interest income:
Loans including fees:
Taxable	$80,583	$93,020	$236,765	$277,961
Tax exempt	338	382	1,267	1,156
Loans held for sale	147	124	5,087	263
Investment securities:
Taxable	15,418	13,259	47,011	35,921
Tax exempt	443	390	1,303	1,062
Nonmarketable equity securities	715	788	2,056	2,438
Federal funds sold and cash investments	849	1,031	2,283	2,857
Total interest income	98,493	108,994	295,772	321,658
Interest expense:
Deposits	30,219	41,970	97,124	120,660
Short-term borrowings	499	602	1,772	1,746
Federal Home Loan Bank advances and other borrowings	4,044	4,743	10,973	13,615
Subordinated debt	1,393	1,228	4,174	3,773
Trust preferred debentures	1,221	1,341	3,627	4,088
Total interest expense	37,376	49,884	117,670	143,882
Net interest income	61,117	59,110	178,102	177,776
Provision for credit losses:
Provision for credit losses on loans	20,505	17,925	48,724	46,349
Recapture of credit losses on unfunded commitments	(500)	—	(500)	(200)
Total provision for credit losses	20,005	17,925	48,224	46,149
Net interest income after provision for credit losses	41,112	41,185	129,878	131,627
Noninterest income:
Wealth management revenue	8,018	7,104	22,747	21,037
Service charges on deposit accounts	3,598	3,411	10,254	9,648
Interchange revenue	3,445	3,506	10,059	10,427
Residential mortgage banking revenue	735	697	2,167	1,781
Income on company-owned life insurance	2,102	1,982	6,504	5,708
Gain (loss) on sales of investment securities, net	14	(44)	14	(196)
Credit enhancement income	(242)	14,206	3,028	45,188
Other income	2,346	2,683	6,540	9,777
Total noninterest income	20,016	33,545	61,313	103,370
Noninterest expense:
Salaries and employee benefits	26,393	24,382	78,494	71,356
Occupancy and equipment	4,206	4,393	12,870	12,499
Data processing	7,186	6,955	21,140	20,882
FDIC insurance	1,512	1,402	4,397	3,895
Professional services	2,017	1,744	7,550	6,242
Marketing	1,460	967	3,536	2,445
Communications	298	359	961	1,037
Loan expense	1,721	1,935	5,046	4,416
Loan servicing fees	1,274	3,031	3,410	10,077
Impairment on goodwill	—	—	153,977	—
Amortization of intangible assets	743	951	2,481	3,056
Other expense	3,004	3,645	8,949	13,251
Total noninterest expense	49,814	49,764	302,811	149,156
Income (loss) before income taxes	11,314	24,966	(111,620)	85,841
Income tax expense	3,757	4,535	9,773	17,028
Net income (loss)	7,557	20,431	(121,393)	68,813
Preferred dividends	2,229	2,229	6,685	6,685
Net income (loss) available to common shareholders	$5,328	$18,202	$(128,078)	$62,128
Per common share data:
Basic earnings (loss) per common share	$0.24	$0.83	$(5.88)	$2.82
Diluted earnings (loss) per common share	$0.24	$0.83	$(5.88)	$2.81
Weighted average common shares outstanding	21,863,911	21,675,818	21,826,566	21,726,143
Weighted average diluted common shares outstanding	21,863,911	21,678,242	21,826,566	21,732,093

ContentsView on SEC.gov

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