Midland States Bancorp, Inc. - Form 8-K Summary
Business Context and Reporting Period
This Form 8-K Current Report was filed by Midland States Bancorp, Inc. on November 7, 2024. The filing reports a corporate event regarding the declaration of quarterly cash dividends by the Board of Directors.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, margins, debt, or liquidity metrics. The only financial data disclosed relates to dividend declarations:
- Common Stock Dividend: $0.31 per share.
- Preferred Stock Dividend: $0.4844 per depositary share (7.750% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A).
Material Changes
The filing does not report material changes in financial performance, operations, or capital structure compared to prior periods. The primary event is the routine declaration of dividends.
Guidance, Outlook, and Risks
The filing contains no management guidance, forward-looking outlook, or discussion of risks and contingencies beyond the standard disclosure of the dividend payment schedule.
Investor Verification Checklist
- Record Dates: Verify ownership status by November 18, 2024, for common stock and December 16, 2024, for preferred stock to receive the declared dividends.
- Payment Dates: Confirm dividend receipt on November 25, 2024 (common) and December 30, 2024 (preferred).
- Dividend Continuity: Review prior filings to assess if the $0.31 common dividend represents a change from previous quarterly rates.