Midland States Bancorp, Inc. - Form 8-K Summary
Business Context and Reporting Period
This Form 8-K was filed by Midland States Bancorp, Inc. on November 3, 2025, reporting corporate actions taken by the Board of Directors on the same date. The company is incorporated in Illinois and trades on The Nasdaq Stock Market LLC under the symbols MSBI (Common Stock) and MSBIP (Preferred Stock).
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, or debt metrics. The only financial data disclosed relates to capital allocation decisions:
- Common Stock Dividend: $0.32 per share.
- Preferred Stock Dividend: $0.4844 per depositary share (7.75% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A).
- Stock Repurchase Authorization: Up to $25.0 million of common stock.
Material Changes
The filing announces two material corporate events effective November 3, 2025:
- Dividend Declaration: The Board declared quarterly cash dividends for both common and preferred shareholders.
- Share Repurchase Program: A new program was authorized to repurchase up to $25.0 million of common stock, effective immediately and expiring on November 2, 2026.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, earnings outlook, or specific risk factors beyond standard disclosures regarding the repurchase program. Management noted that the timing and number of shares repurchased depend on price, trading volume, corporate and regulatory requirements, and market conditions. The program may be suspended or discontinued at any time without notice.
Key Facts for Investor Verification
- Common Dividend Record Date: November 14, 2025 (Payable November 21, 2025).
- Preferred Dividend Record Date: December 15, 2025 (Payable December 30, 2025).
- Repurchase Program Expiration: November 2, 2026.
- Repurchase Method: Open market, privately negotiated transactions, or Rule 10b5-1 trading arrangements.
- Financial Data Limitation: This filing does not contain quarterly or annual financial performance data; investors should refer to the most recent 10-Q or 10-K for revenue and earnings metrics.