Midland States Bancorp, Inc. (MSBI)

Midland States Bancorp's stock has declined by 28.29% in the past six months. Key events include Q1 2025 preliminary results with decreased loans and deposits but a strong net interest margin, the sale of GreenSky loans, and evaluations of third-party arrangements. Q2 2025 earnings showed a net income recovery with an improved net interest margin, though net charge-offs increased. Q4 2024 results included a provision expense for credit losses and net loan charge-offs, particularly in the trucking industry within the equipment finance portfolio.

The banking industry generally experiences seasonal trends with loan demand typically low in late January and February, surging from March through May or June, and remaining relatively flat through the summer. The financial services sector often sees increased business from October through early January, driven by investment services and tax planning. Spring is a prime home-buying season, increasing mortgage applications. Midland States Bancorp's Q1 2025 results mentioned seasonal adjustments related to sweep accounts.

Midland States Bancorp, Inc. (MSBI) is a financial holding company based in Effingham, Illinois, operating through Banking and Wealth Management segments. The Banking segment offers commercial, real estate, mortgage, and consumer loans, along with equipment financing, loan sales, letters of credit, and deposit products. The Wealth Management segment provides trust and wealth management services, including financial and estate planning, investment management, tax and insurance planning, business planning, retirement plan consulting, and retail brokerage services.

Midland States Bancorp, Inc. is headquartered in Effingham, Illinois. Its equipment finance portfolio extends to customers throughout the United States.

Midland States Bancorp's reputation has been impacted by a Nasdaq deficiency notification due to the delayed filing of its Quarterly Report on Form 10-Q. The delay was attributed to ongoing evaluations of third-party lending and servicing arrangements and a review of potential goodwill impairment, which can negatively affect investor confidence.

Midland States Bancorp is predominantly owned by institutional shareholders (65.02%), followed by insiders (14.50%) and retail investors (20.48%). Major institutional owners include BlackRock Inc., Dimensional Fund Advisors LP, and Vanguard Group Inc. The largest individual shareholder is R. Robert Funderburg Jr.