8-K: Midland States Bancorp Declares Quarterly Dividends on Common and Preferred Stock

Midland States Bancorp announces the declaration of quarterly cash dividends for both its common stock and Series A preferred stock.

Summary

• Midland States Bancorp, Inc. has announced a quarterly cash dividend of $0.31 per share for its common stock.
• This dividend is payable on May 23, 2025, to shareholders of record as of May 16, 2025.
• The company also declared a cash dividend of $0.4844 per depositary share on its 7.75% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A.
• This preferred stock dividend is payable on June 30, 2025, to stockholders of record as of June 16, 2025.
• As of March 31, 2025, Midland States Bancorp had total assets of approximately $7.46 billion.
• The company's Wealth Management Group had assets under administration of approximately $4.10 billion as of March 31, 2025.

Sentiment

Score: 7

Explanation: The announcement of consistent dividends is generally viewed positively, indicating financial stability. The sentiment is moderately positive.

Positives

• The declaration of both common and preferred stock dividends indicates a stable financial position and commitment to returning value to shareholders.
• The company's total assets were approximately $7.46 billion as of March 31, 2025.
• The Wealth Management Group had assets under administration of approximately $4.10 billion as of March 31, 2025.

Future Outlook

The announcement focuses on the declaration of dividends and does not provide specific forward-looking statements beyond the payment dates.

Industry Context

Dividend announcements are common for financial institutions and are often viewed as a sign of financial health and stability. The dividend yields will be compared to peers in the regional banking sector to assess relative attractiveness.

Comparison to Industry Standards

• Comparing Midland States Bancorp's dividend yield to regional bank peers such as First Midwest Bancorp (now part of Old National Bancorp) and Wintrust Financial Corporation can provide insights into its relative attractiveness to investors.
• The asset size and wealth management AUM can be benchmarked against similar-sized community banks to assess operational scale and efficiency.
• Analyzing the dividend payout ratio relative to earnings will indicate the sustainability of the dividend payments.

Stakeholder Impact

• Shareholders will receive dividend payments, providing income and potentially increasing the attractiveness of the stock.
• Employees may view the dividend announcement as a sign of company stability and success.
• Customers and creditors may perceive the company as financially sound.

Key Dates

Keywords

dividends, common stock, preferred stock, Midland States Bancorp, MSBI, financial holding company, banking, wealth management