Midland States Bancorp Files 8-K on Financial Results & Operations

Ticker: MSBIP · Form: 8-K · Filed: Jan 25, 2024 · CIK: 1466026

Midland States Bancorp, Inc. 8-K Filing Summary
FieldDetail
CompanyMidland States Bancorp, Inc. (MSBIP)
Form Type8-K
Filed DateJan 25, 2024
Risk Levellow
Pages2
Reading Time2 min
Key Dollar Amounts$0.01, $2.00
Sentimentneutral

Complexity: simple

Sentiment: neutral

Topics: financial-results, regulation-fd, corporate-update

TL;DR

**Midland States Bancorp just dropped an 8-K on Jan 25, 2024, updating financial results and operations.**

AI Summary

Midland States Bancorp, Inc. filed an 8-K on January 25, 2024, to announce its financial results and other operational information. This filing, under Items 2.02 and 7.01, indicates the company is providing an update on its financial condition and operations. For investors, this matters because it provides the latest official financial data, which can influence stock price and investment decisions, especially for those holding or considering buying MSBI or MSBIP shares.

Why It Matters

This filing provides investors with the most current financial and operational information, crucial for evaluating the company's performance and making informed investment decisions.

Risk Assessment

Risk Level: low — This 8-K is a routine disclosure of financial results and operational updates, not indicating any immediate new risks.

Analyst Insight

A smart investor would review the full financial results and operational details that this 8-K refers to, likely in an accompanying press release or exhibit, to understand the company's current performance and future outlook before making any investment decisions regarding MSBI or MSBIP.

Key Numbers

  • January 25, 2024 — Date of Report (The earliest event reported in this 8-K filing.)
  • 001-35272 — Commission File Number (Unique identifier for Midland States Bancorp, Inc. with the SEC.)
  • $0.01 — Common Stock Par Value (The stated value per share of the company's common stock.)
  • $2.00 — Preferred Stock Par Value (The stated value per share of the company's Series A preferred stock.)
  • 7.75% — Preferred Stock Fixed Rate (The fixed rate reset for the non-cumulative perpetual preferred stock, Series A.)

Key Players & Entities

  • Midland States Bancorp, Inc. (company) — the registrant filing the 8-K
  • Illinois (company) — state of incorporation for Midland States Bancorp, Inc.
  • 001-35272 (dollar_amount) — Commission File Number
  • 37-1233196 (dollar_amount) — IRS Employer Identification No.
  • 1201 Network Centre Drive, Effingham, Illinois 62401 (company) — address of Principal Executive Offices
  • 217-342-7321 (dollar_amount) — Registrant’s Telephone Number
  • MSBI (company) — trading symbol for Common Stock
  • MSBIP (company) — trading symbol for Depositary Shares
  • $0.01 (dollar_amount) — par value of Common Stock
  • $2.00 (dollar_amount) — par value of Preferred Stock, Series A

FAQ

What is the purpose of this 8-K filing by Midland States Bancorp, Inc.?

This 8-K filing, dated January 25, 2024, is filed under Items 2.02 (Results of Operations and Financial Condition) and 7.01 (Regulation FD Disclosure), indicating that Midland States Bancorp, Inc. is disclosing its financial results and other operational information.

What are the trading symbols for Midland States Bancorp, Inc.'s securities mentioned in the filing?

The filing states that the Common Stock has the trading symbol MSBI and the Depositary Shares (representing a 1/40th interest in 7.75% fixed rate reset non-cumulative perpetual preferred stock, Series A) have the trading symbol MSBIP. Both are registered on The Nasdaq Market LLC.

What is the par value of Midland States Bancorp, Inc.'s Common Stock and Preferred Stock, Series A?

The Common Stock has a par value of $0.01, and the Depositary Shares represent an interest in Preferred Stock, Series A, which has a par value of $2.00.

When was the earliest event reported in this 8-K filing?

The 'Date of Report (Date of earliest event reported)' is listed as January 25, 2024.

Where is Midland States Bancorp, Inc. incorporated and what is its business address?

Midland States Bancorp, Inc. is incorporated in Illinois. Its principal executive offices are located at 1201 Network Centre Drive, Effingham, Illinois 62401.

Filing Stats: 570 words · 2 min read · ~2 pages · Grade level 9.5 · Accepted 2024-01-25 16:51:41

Key Financial Figures

  • $0.01 — ange on which registered Common Stock, $0.01 par value MSBI The Nasdaq Market LLC D
  • $2.00 — ve perpetual preferred stock, Series A, $2.00 par value MSBIP The Nasdaq Market LLC

Filing Documents

02. Results of Operations and Financial Condition

Item 2.02. Results of Operations and Financial Condition. On January 25, 2024 , Midland States Bancorp, Inc. (the "Company") issued a press release announcing its financial results for the fourth quarter of 2023. The press release is attached as Exhibit 99.1.

01. Regulation FD Disclosure

Item 7.01. Regulation FD Disclosure. On January 25, 2024 , the Company made available on its website a slide presentation regarding the Company's fourth quarter 2023 financial results. The slide presentation is attached as Exhibit 99.2. The information set forth under Items 2.02 and 7.01 in this Form 8-K and the attached exhibits shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, and shall not be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by specific reference in any such filing.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 99.1 Press Release of Midland States Bancorp, Inc., dated January 25, 2024 99.2 Slide Presentation of Midland States Bancorp, Inc. regarding fourth quarter 2023 financial results 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Date: January 25, 2024 By: /s/ Eric T. Lemke Eric T. Lemke Chief Financial Officer

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