Midland States Bancorp, Inc.

Evaluation of disclosure controls and procedures. The Company’s management, including our President and

Chief Executive Officer and our Chief Financial Officer, have evaluated the effectiveness of our “disclosure controls and procedures” (as defined in Rule 13a-15(e) under the Exchange Act), as of the end of the period covered by this report. Based on such evaluation, our President and Chief Executive Officer and our Chief Financial Officer have concluded that, as of the end of such period, the Company’s disclosure controls and procedures were effective as of that date to provide reasonable assurance that the information required to be disclosed by the Company in the reports it files or submits under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the rules and forms of the SEC and that information required to be disclosed by the Company in the reports it files or submits under the Exchange Act is accumulated and communicated to the Company’s management, including its President and Chief Executive Officer and its Chief Financial Officer, as appropriate, to allow timely decisions regarding required disclosure.

Management’s annual report on internal control over financial reporting. Management of the Company is responsible for establishing and maintaining effective internal control over financial reporting. Internal control over financial reporting is designed to provide reasonable assurance to the Company’s management and board of directors regarding the preparation of reliable published financial statements. Internal control over financial reporting includes self-monitoring mechanisms, and actions are taken to correct deficiencies as they are identified.

Because of inherent limitations in any system of internal control, no matter how well designed, misstatements due to error or fraud may occur and not be detected, including the possibility of the circumvention or overriding of controls. Accordingly, even effective internal control over financial reporting can provide only reasonable assurance with respect to financial statement preparation. Further, because of changes in conditions, internal control effectiveness may vary over time.

Management assessed the Company’s internal control over financial reporting as of December 31, 2025. This assessment was based on criteria for effective internal control over financial reporting described in Internal Control-Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission. Based on this assessment, management asserts that the Company maintained effective internal control over financial reporting as of December 31, 2025 due to the remediation of the material weaknesses previously disclosed in the Annual Report on Form 10-K for the year ended December 31, 2024 (the "2024 Form 10-K"). The remediation of the material weaknesses previously disclosed are described below under the heading "Remediation of prior material weaknesses in internal control over financial reporting."

Remediation of prior material weaknesses in internal control over financial reporting. As disclosed in the 2024 Form 10-K, management previously concluded that the Company's internal control over financial reporting was not effective as of December 31, 2024 or December 31, 2023 due to the material weaknesses described in Item 9A of the 2024 Form 10-K. The matters described in Item 9A of the 2024 Form 10-K included the following:

•The Company did not design and maintain controls to assess the risk of material misstatement with contracts related to non-routine transactions.

•The Company did not design and maintain effective internal control activities for evaluating the accounting and financial reporting related to third-party credit enhancement contracts.

•The Company did not design and maintain effective internal controls over loan data, including the activities performed by certain third-party service organizations that perform core lending functions.

The identified material weaknesses resulted in a restatement of the financial statements as of and for the year ended December 31, 2023 and for the year ended December 31, 2022, and the interim quarterly periods in 2024 and 2023. During 2025, the Company completed the remediation efforts described in Item 9A of the 2024 Form 10-K. Management instituted a new control regarding its review of contracts related to non-routine transactions, which includes the identification of new contracts or changes in existing contracts which may result in a non-routine transaction. In addition, management enhanced its control for evaluating the accounting and financial reporting related to third-party credit enhancement contracts. Management's review of these contracts is completed and documented on a quarterly basis for existing contracts, as well as for any new third-party credit enhancement contracts, and includes analyses regarding provisions of the contracts and review of the applicable accounting guidance. Furthermore, management instituted internal controls over the completeness and accuracy of loan data related to activities performed by third-party service organizations that perform core lending functions for the Company, including reconciliation and system interface control activities. As of December 31, 2025, based on management's assessment, the Company's internal control over financial reporting were effective.

The effectiveness of the Company’s internal control over financial reporting as of December 31, 2025, has been audited by Crowe LLP, the independent registered public accounting firm who also has audited the Company’s consolidated financial statements included in this Annual Report on Form 10-K. Crowe LLP has issued a report on the Company’s internal control over financial reporting as of December 31, 2025, which is included in Item 8 of this Form 10-K and is incorporated into this item by reference.

Changes in internal control over financial reporting. Other than the changes described above, there were no changes in the Company's internal control over financial reporting (as such term is defined in Rule 13a-15(f) under the Exchange Act) during the fourth fiscal quarter of 2025 that materially affected, or are reasonably likely to materially affect, the Company’s internal control over financial reporting.