Midland States Bancorp, Inc.

Overview

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• TickerMSBI on Nasdaq²
• IndustryState Commercial Banks²
• HeadquartersEffingham, United States²
• Incorporated inIL³
• Business address1201 Network Centre Drive, Effingham, Il 62401³
• Filer categoryAccelerated filer³
• Legal formBusiness Corporation²
• LEI5493006RHXW9TTBWYC94²
• StatusActive²
• LEI statusIssued and current²
• Registered addressC/O Douglas J Tucker, 62401 Effingham, United States²
• Registered withBusiness Services (Office of the Secretary of State), 67254171²

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Midland States Bancorp, Inc., an Illinois corporation formed in 1988, is a diversified financial holding company headquartered in Effingham, Illinois. Our banking subsidiary, Midland States Bank, an Illinois state-chartered bank formed in 1881, has branches across Illinois and in Missouri, and provides a full range of commercial and consumer banking products and services, merchant credit card services, trust and investment management, insurance and financial planning services. As of December 31, 2025, the Company had total assets of $6.51 billion, and our wealth management group had assets under administration of approximately $4.48 billion.⁴ From its latest annual report

Corporate structure

Midland States Bancorp, Inc. sits at the top of its group. 2 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Midland States Bancorp, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

Investments

Intangibles and goodwill

Properties, in its own words

Our corporate headquarters office building is located at 1201 Network Centre Drive, Effingham, Illinois 62401. We own our corporate headquarters office building, which was built in 2011 and also houses our primary operations center. We have additional operations centers located in St. Louis, Missouri and Rockford, Illinois, supporting our banking and wealth management businesses. At December 31, 2025, the Bank operated a total of 53 full-service banking centers, including 42 located in Illinois and 11 located in the St. Louis metropolitan area. Of these facilities, 43 are owned, and 10 are leased from unaffiliated third parties.

We believe that the leases to which we are subject are generally on terms consistent with prevailing market terms. None of the leases are with our directors, officers, beneficial owners of more than 5% of our voting securities or any affiliates of the foregoing. We believe that our facilities are in good condition and are adequate to meet our operating needs for the foreseeable future.

Item 2 of the 10-K filed Mar 2, 2026.⁴

Leadership

Who has led Midland States Bancorp, Inc., and when. Pick a name to see everywhere that person has worked.

• Chief executive officerJeffrey G. Ludwig Feb 13, 2019 to now¹³
• Chief executive officerLeon J. Holschbach May 23, 2016 to Jan 3, 2019¹⁴
• PresidentJeffrey G. Ludwig Mar 16, 2018 to Apr 3, 2018¹⁵
• PresidentJeffrey S. Mefford Apr 3, 2018 to now¹⁶
• Chief financial officerClaire Ann Stack May 12, 2026 to now¹⁷
• Chief financial officerEric Lemke Nov 21, 2019 to May 12, 2026¹⁸
• Chief financial officerStephen A. Erickson Mar 9, 2018 to Aug 5, 2019¹⁹
• Chief financial officerJeffrey G. Ludwig May 23, 2016 to Mar 14, 2018²⁰
• Chief financial officerKevin L. Thompson Nov 16, 2016 to Oct 3, 2017²¹
• Chief operating officerKyle Owen Mooney Dec 4, 2025 to now²²

Timeline

1. Aug 4, 20268-K Other events⁴⁷
2. Jul 28, 20268-K Regulation FD disclosure⁴⁸
3. Jul 23, 20268-K Results of operations; Regulation FD disclosure⁴⁹
4. May 11, 20268-K Executive or director change; Regulation FD disclosure⁵⁰
5. May 8, 20268-K Shareholder vote⁵¹
6. May 5, 20268-K Other events⁵²
7. May 5, 20268-K Other events⁵³
8. Apr 23, 20268-K Results of operations; Regulation FD disclosure⁵⁴
9. Mar 6, 20268-K Executive or director change⁵⁵
10. Feb 4, 20268-K Executive or director change⁵⁶
11. Feb 3, 20268-K Other events⁵⁷
12. Jan 22, 20268-K Results of operations; Regulation FD disclosure⁵⁸
13. Feb 13, 2019New chief executive Jeffrey G. Ludwig becomes CEO¹³
14. May 23, 2016New chief executive Leon J. Holschbach becomes CEO¹⁴
15. Oct 24, 2010Founded Midland States Bancorp, Inc. is founded²

Calendar

Coming up

1. Oct 22, 2026 · After the closeReports results for the quarter ending Sep/2026 A year earlier it reported $0.24 a share, on Oct 30, 2025.⁵⁹

When it reported results

1. Jul 23, 2026Reported quarterly or annual results⁴⁹
2. Apr 23, 2026Reported quarterly or annual results⁵⁴
3. Jan 22, 2026Reported quarterly or annual results⁵⁸
4. Oct 30, 2025Reported quarterly or annual results⁶⁰
5. Jul 24, 2025Reported quarterly or annual results⁶¹
6. Apr 30, 2025Reported quarterly or annual results⁶²
7. Jan 23, 2025Reported quarterly or annual results⁶³
8. Oct 24, 2024Reported quarterly or annual results⁶⁴

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

539 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 83 major events, 381 insider forms, 15 large holders, 40 other. The latest 20:

1. Oct 6, 2026S-3 EDGAR
2. Oct 1, 20264 PRIMARY DOCUMENT EDGAR
3. Oct 1, 20264 PRIMARY DOCUMENT EDGAR
4. Oct 1, 20264 PRIMARY DOCUMENT EDGAR
5. Oct 1, 20264 PRIMARY DOCUMENT EDGAR
6. Oct 1, 20264 PRIMARY DOCUMENT EDGAR
7. Oct 1, 20264 PRIMARY DOCUMENT EDGAR
8. Oct 1, 20264 PRIMARY DOCUMENT EDGAR
9. Oct 1, 20264 PRIMARY DOCUMENT EDGAR
10. Oct 1, 20264 PRIMARY DOCUMENT EDGAR
11. Oct 1, 20264 PRIMARY DOCUMENT EDGAR
12. Sep 9, 20264 PRIMARY DOCUMENT EDGAR
13. Aug 18, 20264 PRIMARY DOCUMENT EDGAR
14. Aug 17, 20264 PRIMARY DOCUMENT EDGAR
15. Aug 4, 20268-K EDGAR
16. Jul 30, 202610-Q EDGAR
17. Jul 29, 20264 PRIMARY DOCUMENT EDGAR
18. Jul 28, 2026144 EDGAR
19. Jul 28, 20268-K EDGAR
20. Jul 23, 20268-K EDGAR

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

65 open-market trades by officers, directors and large owners since October 2021: 29 buys and 36 sales. Grants, option exercises and gifts are left out.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

• VANGUARD GROUP INCSCHEDULE 13G/A, 2 filings Feb 13, 2024 to Mar 27, 2026⁶⁵
• DIMENSIONAL FUND ADVISORS LPSCHEDULE 13G/A, 3 filings Feb 10, 2023 to Jan 21, 2026⁶⁶
• BlackRock Portfolio Management LLCSCHEDULE 13G, 1 filing Apr 15, 2025⁶⁷
• FJ Capital Management LLCSCHEDULE 13G/A, 4 filings Feb 11, 2022 to Nov 13, 2024⁶⁸

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Midland States Bancorp, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

• Name on EDGARMidland States Bancorp, Inc.¹
• CIK0001466026
• Employer ID (EIN)37-1233196⁴
• Filer statusAccelerated filer not an emerging growth company; not a smaller reporting company; not a shell company⁴
• Incorporated inIllinois⁴
• Fiscal year endsDecember 31¹
• Industry code (SIC)6022 State Commercial Banks¹
• SEC reviewing officeOffice of Finance, Division of Corporation Finance¹
• Business address1201 Network Centre Drive, Effingham, IL 62401¹
• Phone(217) 342-2141¹
• Shares outstanding20,752,112 as of Jul 20, 2026¹¹
• Public float$466.6M as of Jun 30, 2025⁴
• AuditorCrowe LLP, Oakbrook Terrace, Illinois PCAOB ID 173; it also attests to the company’s internal control over financial reporting⁴
• On EDGAR sinceJun 12, 2009¹
• Filings1,319 in all: 4 (905), 8-K (168), 3 (32), 10-Q (31), SC 13G/A (14), 144 (12), 425 (12), D (11)¹
  All 47 form types

  10-K (10), DEF 14A (10), DEFA14A (10), CORRESP (9), 4/A (8), S-1/A (8), EFFECT (7), SC 13G (7), UPLOAD (7), ARS (4), S-4/A (4), SCHEDULE 13G/A (4), 424B3 (3), 8-A12B (3), FWP (3), S-3 (3), S-4 (3), S-8 (3), 424B5 (2), 5 (2), 8-K/A (2), D/A (2), DRS/A (2), NT 10-Q (2), S-1 (2), 3/A (1), 424B4 (1), CERT (1), CERTNAS (1), DRS (1), DRSLTR (1), NT 10-K (1), POS AM (1), PRE 14A (1), RW (1), S-3ASR (1), SC 13D (1), SC 13D/A (1), SCHEDULE 13G (1)

• Latest filingsAnnual report (10-K) Mar 2, 2026
  Quarterly report (10-Q) Jul 30, 2026
  Proxy statement (DEF 14A) Mar 23, 2026
  Latest 8-K (8-K) Aug 4, 2026

Securities registered for trading

From the cover page of the 10-K filed Mar 2, 2026 (Section 12(b) of the Exchange Act).⁴

Risk factors and legal proceedings

The risks Midland States Bancorp, Inc. names in Item 1A of its 10-K filed Mar 2, 2026: 38 risks under these headings, as written.⁴

• Macroeconomic and Credit Risks
• A decline in general business and economic conditions and any regulatory responses to such conditions could have a material adverse effect on our business, financial position, results of operations and growth prospects.
• If we do not effectively manage our credit risk, we may experience increased levels of nonperforming loans, charge-offs and delinquencies, which could require increases in our provision for credit losses on loans.
• A significant portion of our loan portfolio is secured by real estate, the value and liquidity of which can be negatively affected by economic conditions and environmental issues.
• We may not be able to continue growing our business, particularly if we cannot increase loans through organic loan growth.
• Many of our loans are to commercial borrowers, which have a higher degree of risk than other types of loans.
• The small to midsized businesses that we lend to may have fewer resources to weather adverse business developments, which may impair a borrower’s ability to repay a loan, and such impairment could adversely affect our results of operations and financial condition.
• Real estate construction loans are based upon estimates of costs and values associated with the complete project. These estimates may be inaccurate, and we may be exposed to significant losses on loans for these projects.
• Real estate market volatility and future changes in our disposition strategies could result in net proceeds that differ significantly from our other real estate owned fair value appraisals.
• Nonperforming assets take significant time to resolve and adversely affect our results of operations and financial condition, and could result in further losses in the future.
• Operational, Strategic and Reputational Risks
• The occurrence of fraudulent activity, breaches or failures of our information security controls or cybersecurity-related incidents could have a material adverse effect on our business, financial condition, results of operations and growth prospects.

Legal proceedings

There are no material pending legal proceedings, other than ordinary routine litigation incidental to the business, to which we or any of our subsidiaries is a party or of which any of our property is the subject. However, given the nature, scope and complexity of the extensive legal and regulatory landscape applicable to our business, we, like all banking organizations, are subject to various legal proceedings from time to time, including those referenced in "Note 21 - Commitments, Contingencies and Credit Risk" to our consolidated financial statements.

The opening of Item 3, Legal Proceedings.⁴