Midland States Bancorp, Inc.

For the period ended Jun 30, 2026. Filed Jul 30, 2026.

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.

Jun 30, 2026 · Filed Jul 30, 2026

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

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Consolidated Statements of Income for the and

CONSOLIDATED STATEMENTS OF INCOME — (UNAUDITED)

(dollars in thousands, except per share data)

	Three Months Ended June 30,		Six Months Ended June 30,
	2026	2025	2026	2025
Interest income:
Loans including fees:
Taxable	$66,761	$78,514	$132,320	$156,182
Tax exempt	343	573	726	929
Loans held for sale	128	377	230	4,940
Investment securities:
Taxable	18,989	16,618	37,139	31,593
Tax exempt	435	432	871	860
Nonmarketable equity securities	534	694	1,117	1,341
Federal funds sold and cash investments	987	716	1,796	1,434
Total interest income	88,177	97,924	174,199	197,279
Interest expense:
Deposits	24,526	32,290	48,729	66,905
Short-term borrowings	202	573	433	1,273
Federal Home Loan Bank advances	2,349	3,766	5,019	6,929
Subordinated debt	380	1,394	760	2,781
Trust preferred debentures	1,131	1,206	2,252	2,406
Total interest expense	28,588	39,229	57,193	80,294
Net interest income	59,589	58,695	117,006	116,985
Provision for credit losses:
Provision for credit losses on loans	7,109	17,369	12,512	28,219
Recapture of credit losses on unfunded commitments	(290)	—	(690)	—
Total provision for credit losses	6,819	17,369	11,822	28,219
Net interest income after provision for credit losses	52,770	41,326	105,184	88,766
Noninterest income:
Wealth management revenue	8,768	7,379	17,016	14,729
Service charges on deposit accounts	3,449	3,351	6,804	6,656
Interchange revenue	3,553	3,463	7,081	6,614
Residential mortgage banking revenue	686	756	1,312	1,432
Income on company-owned life insurance	2,127	2,068	4,203	4,402
Loss on sales of investment securities, net	—	—	(1,731)	—
Credit enhancement income	3,081	3,848	6,441	3,270
Other income	2,104	2,669	4,764	4,194
Total noninterest income	23,768	23,534	45,890	41,297
Noninterest expense:
Salaries and employee benefits	27,354	25,685	53,511	52,101
Occupancy and equipment	4,229	4,166	8,764	8,664
Data processing	6,994	7,035	14,059	13,954
FDIC insurance	781	1,422	1,310	2,885
Professional services	1,665	2,792	3,907	5,533
Marketing	1,211	1,283	2,452	2,076
Communications	359	334	790	663
Loan expense	3,147	1,990	6,451	3,325
Loan servicing fees	1,050	1,386	2,167	2,136
Impairment on goodwill	—	—	—	153,977
Amortization of intangible assets	664	827	1,381	1,738
Other expense	3,301	3,072	6,387	5,945
Total noninterest expense	50,755	49,992	101,179	252,997
Income (loss) before income taxes	25,783	14,868	49,895	(122,934)
Income tax expense	5,895	2,844	11,544	6,016
Net income (loss)	19,888	12,024	38,351	(128,950)
Preferred dividends	2,228	2,228	4,456	4,456
Net income (loss) available to common shareholders	$17,660	$9,796	$33,895	$(133,406)
Per common share data:
Basic earnings (loss) per common share	$0.82	$0.44	$1.56	$(6.13)
Diluted earnings (loss) per common share	$0.82	$0.44	$1.56	$(6.13)
Weighted average common shares outstanding	21,074,683	21,820,190	21,187,341	21,808,475
Weighted average diluted common shares outstanding	21,074,683	21,820,190	21,187,341	21,808,475

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.