Midland States Bancorp, Inc.
For the period ended Sep 30, 2026. Filed Oct 29, 2026.
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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.
Sep 30, 2026 · Filed Oct 29, 2026
MSBI$32.44+0.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows for the and
CONSOLIDATED STATEMENTS OF CASH FLOWS — (UNAUDITED)
(dollars in thousands)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash flows from operating activities: | ||
| Net income (loss) | $61,159 | $(121,393) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||
| Provision for credit losses | 15,557 | 48,224 |
| Depreciation on premises and equipment | 3,649 | 3,672 |
| Impairment on goodwill | — | 153,977 |
| Amortization of intangible assets | 2,027 | 2,481 |
| Amortization of operating lease right-of-use asset | 1,243 | 1,178 |
| Amortization of loan servicing rights | 1,154 | 1,703 |
| Share-based compensation expense | 2,330 | 2,185 |
| Increase in cash surrender value of life insurance | (6,331) | (6,149) |
| Investment securities accretion, net | (13,109) | (10,287) |
| (Gain) loss on sales of investment securities, net | 1,731 | (14) |
| Origination of loans held for sale | (79,214) | (75,176) |
| Proceeds from sales of loans and leases held for sale | 83,885 | 107,025 |
| Gain on sale of loans held for sale | (1,650) | (1,963) |
| Gain on sale of mortgage servicing rights held for sale | (2,077) | — |
| Net change in operating assets and liabilities: | ||
| Accrued interest receivable | (4,025) | (1,343) |
| Credit enhancement asset | (1,807) | 11,039 |
| Other assets | 27,055 | 22,487 |
| Accrued expenses and other liabilities | (6,767) | (4,905) |
| Net cash provided by operating activities | 84,810 | 132,741 |
| Cash flows from investing activities: | ||
| Purchases of investment securities available for sale | (795,068) | (400,318) |
| Proceeds from sales of investment securities available for sale | 98,599 | 103,759 |
| Maturities and payments on investment securities available for sale | 229,778 | 164,437 |
| Purchases of equity securities | (100) | (152) |
| Net decrease in loans | 42,577 | 487,562 |
| Proceeds from sales of consumer loans held for sale | — | 61,099 |
| Purchases of premises and equipment | (1,408) | (4,606) |
| Proceeds from sale of premises and equipment | 221 | — |
| Purchases of nonmarketable equity securities | (13,945) | (107,172) |
| Proceeds from redemptions of nonmarketable equity securities | 11,355 | 103,624 |
| Proceeds from sales of mortgage servicing rights held for sale | 5,727 | — |
| Proceeds from sales of other real estate owned | 635 | 4,774 |
| Proceeds from company-owned life insurance, net | — | 1,166 |
| Net cash provided by (used in) investing activities | (421,629) | 414,173 |
| Cash flows from financing activities: | ||
| Net increase (decrease) in deposits | 193,059 | (592,418) |
| Net increase in short-term borrowings | 91,318 | 59,267 |
| Net increase in short-term FHLB advances | 130,000 | 60,000 |
| Proceeds from long-term FHLB advances | — | 328,000 |
| Payments made on long-term FHLB advances | (70,000) | (273,000) |
| Payments and subordinated debt redemption | — | (50,750) |
| Cash dividends paid on preferred stock | (6,685) | (6,685) |
| Cash dividends paid on common stock | (20,698) | (20,584) |
| Common stock repurchased, including excise tax | (10,657) | — |
| Proceeds from issuance of common stock under employee benefit plans | 2,283 | 637 |
| Net cash provided by (used in) financing activities | 308,620 | (495,533) |
| Net increase (decrease) in cash and cash equivalents | (28,199) | 51,381 |
| Cash and cash equivalents: | ||
| Beginning of period | 127,811 | 114,766 |
| End of period | $99,612 | $166,147 |
| Supplemental disclosures of cash flow information: | ||
| Cash payments for: | ||
| Interest paid on deposits and borrowed funds | $90,006 | $123,045 |
| Income tax paid (net of refunds) | 1,280 | (979) |
| Supplemental disclosures of noncash investing and financing activities: | ||
| Transfer of loans to loans held for sale | 1,870 | 29,400 |
| Transfer of loans to other real estate owned | 222 | 187 |
| Right of use assets obtained in exchange for lease obligations | 948 | 873 |
| Transfer of premises and equipment, net to assets held for sale | — | 245 |
| Transfer of loan servicing rights held for sale to loan servicing rights, at lower of cost or fair value | 125 | — |
| Loans provided for sale of consumer loans held for sale | — | 219,212 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.