Midland States Bancorp, Inc.

For the period ended Sep 30, 2026. Filed Oct 29, 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.

Sep 30, 2026 · Filed Oct 29, 2026

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)

(dollars in thousands, except per share data)

	Three Months Ended September 30,		Nine Months Ended September 30,
	2026	2025	2026	2025
Interest income:
Loans including fees:
Taxable	$68,760	$80,583	$201,080	$236,765
Tax exempt	326	338	1,052	1,267
Loans held for sale	97	147	327	5,087
Investment securities:
Taxable	21,539	15,418	58,678	47,011
Tax exempt	436	443	1,307	1,303
Nonmarketable equity securities	530	715	1,647	2,056
Federal funds sold and cash investments	1,333	849	3,129	2,283
Total interest income	93,021	98,493	267,220	295,772
Interest expense:
Deposits	26,251	30,219	74,980	97,124
Short-term borrowings	349	499	782	1,772
Federal Home Loan Bank advances	2,165	4,044	7,184	10,973
Subordinated debt	380	1,393	1,140	4,174
Trust preferred debentures	1,154	1,221	3,406	3,627
Total interest expense	30,299	37,376	87,492	117,670
Net interest income	62,722	61,117	179,728	178,102
Provision for credit losses:
Provision for credit losses on loans	3,685	20,505	16,197	48,724
Provision (recapture) of credit losses on unfunded commitments	50	(500)	(640)	(500)
Total provision for credit losses	3,735	20,005	15,557	48,224
Net interest income after provision for credit losses	58,987	41,112	164,171	129,878
Noninterest income:
Wealth management revenue	8,651	8,018	25,667	22,747
Service charges on deposit accounts	3,775	3,598	10,579	10,254
Interchange revenue	3,984	3,445	11,065	10,059
Residential mortgage banking revenue	216	735	1,528	2,167
Income on company-owned life insurance	1,828	2,102	6,031	6,504
Gain (loss) on sales of investment securities, net	—	14	(1,731)	14
Credit enhancement income	3,108	(242)	9,549	3,028
Other income	1,675	2,346	6,439	6,540
Total noninterest income	23,237	20,016	69,127	61,313
Noninterest expense:
Salaries and employee benefits	28,500	26,393	82,011	78,494
Occupancy and equipment	4,330	4,206	13,094	12,870
Data processing	6,871	7,186	20,930	21,140
FDIC insurance	791	1,512	2,101	4,397
Professional services	1,669	2,017	5,576	7,550
Marketing	1,539	1,460	3,991	3,536
Communications	403	298	1,193	961
Loan expense	3,214	1,721	9,666	5,046
Loan servicing fees	1,063	1,274	3,229	3,410
Impairment on goodwill	—	—	—	153,977
Amortization of intangible assets	646	743	2,027	2,481
Other expense	3,817	3,004	10,204	8,949
Total noninterest expense	52,843	49,814	154,022	302,811
Income (loss) before income taxes	29,381	11,314	79,276	(111,620)
Income tax expense	6,573	3,757	18,117	9,773
Net income (loss)	22,808	7,557	61,159	(121,393)
Preferred dividends	2,229	2,229	6,685	6,685
Net income (loss) available to common shareholders	$20,579	$5,328	$54,474	$(128,078)
Per common share data:
Basic earnings (loss) per common share	$0.95	$0.24	$2.51	$(5.88)
Diluted earnings (loss) per common share	$0.95	$0.24	$2.51	$(5.88)
Weighted average common shares outstanding	21,128,351	21,863,911	21,167,256	21,826,566
Weighted average diluted common shares outstanding	21,140,143	21,863,911	21,167,256	21,826,566

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.