MSBI Midland States Bancorp

Midland States Bancorp, Inc. Announces Authorization of New $25 Million Stock Repurchase Program

Midland States Bancorp, Inc. Announces Authorization of New $25 Million Stock Repurchase Program

EFFINGHAM, Ill., Dec. 05, 2023 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ: MSBI) announced today that its Board of Directors has approved a new stock repurchase program that authorizes the Company to repurchase up to $25 million of its common stock. The new stock repurchase program will become effective on January 1, 2024 and expires on December 31, 2024. The Company’s current stock repurchase program expires on December 31, 2023 and has approximately $7.2 million remaining under the authorization.

Jeffrey G. Ludwig, President and Chief Executive Officer of the Company, said, “We continue to have a balanced approach to capital deployment and the authorization of the new stock repurchase program will continue to provide us with the flexibility to make capital allocation decisions that we believe are in the best long-term interests of shareholders. We will continue to evaluate stock repurchases on a regular basis while maintaining our objective to strengthen our capital ratios to support the continued long-term growth of the Midland franchise and position the Company to effectively manage through the current period of economic uncertainty.”

Stock repurchases under the Company’s authorized program may be made from time to time on the open market, in privately negotiated transactions, or in any other manner that complies with applicable securities laws, at the discretion of the Company. The timing of purchases and the number of shares repurchased under the program is dependent upon a variety of factors including price, trading volume, corporate and regulatory requirements, and market conditions. The repurchase program may be suspended or discontinued at any time without prior notice.

About Midland States Bancorp, Inc.

Midland States Bancorp, Inc. is a community-based financial holding company headquartered in Effingham, Illinois, and is the sole shareholder of Midland States Bank. As of September 30, 2023, the Company had total assets of approximately $7.98 billion, and its Wealth Management Group had assets under administration of approximately $3.50 billion. The Company provides a full range of commercial and consumer banking products and services and business equipment financing, merchant credit card services, trust and investment management, insurance and financial planning services. For additional information, visit  or .

CONTACTS:

Douglas J. Tucker, Sr. V.P., Corporate Counsel, at or (217) 342-7321



EN
05/12/2023

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Midland States Bancorp

 PRESS RELEASE

Midland States Bancorp, Inc. Announces Common Stock and Preferred Stoc...

Midland States Bancorp, Inc. Announces Common Stock and Preferred Stock Dividends EFFINGHAM, Ill., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ: MSBI) announced today that its Board of Directors declared a quarterly cash dividend of $0.31 per share of its common stock. The dividend is payable on November 25, 2024 to all shareholders of record as of the close of business on November 18, 2024. The Board of Directors also declared a cash dividend of $0.4844 per depository share on its 7.75% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A. The di...

 PRESS RELEASE

Midland States Bancorp, Inc. to Announce Third Quarter 2024 Financial ...

Midland States Bancorp, Inc. to Announce Third Quarter 2024 Financial Results on Thursday, October 24 EFFINGHAM, Ill., Oct. 04, 2024 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ: MSBI) announced today that it will issue its third quarter 2024 financial results after market close on Thursday, October 24, 2024. Along with the press release announcing the financial results, the Company will publish an investor presentation that will be available on the page of its investor relations website. About Midland State Bancorp, Inc. Midland States Bancorp, Inc. is a community-based fi...

 PRESS RELEASE

Midland States Bancorp, Inc. Announces Common Stock and Preferred Stoc...

Midland States Bancorp, Inc. Announces Common Stock and Preferred Stock Dividends EFFINGHAM, Ill., Aug. 06, 2024 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ: MSBI) announced today that its Board of Directors declared a quarterly cash dividend of $0.31 per share of its common stock. The dividend is payable on August 23, 2024 to all shareholders of record as of the close of business on August 16, 2024. The Board of Directors also declared a cash dividend of $0.4844 per depository share on its 7.75% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A. The divide...

 PRESS RELEASE

Midland States Bancorp, Inc. Announces 2024 Second Quarter Results

Midland States Bancorp, Inc. Announces 2024 Second Quarter Results Second Quarter 2024 Highlights: Net income available to common shareholders of $4.5 million, or $0.20 per diluted shareAdjusted pre-tax, pre-provision earnings of $25.2 millionTangible book value per share decreased to $23.36, compared to $23.44 at March 31, 2024Common equity tier 1 capital ratio improved to 8.63% from 8.60%Net interest margin of 3.12%, compared to 3.18% in prior quarterEfficiency ratio of 65.2%, compared to 58.0% in prior quarter EFFINGHAM, Ill., July 25, 2024 (GLOBE NEWSWIRE) -- Midland States Bancorp,...

 PRESS RELEASE

Midland States Bancorp, Inc. to Announce Second Quarter 2024 Financial...

Midland States Bancorp, Inc. to Announce Second Quarter 2024 Financial Results on Thursday, July 25 EFFINGHAM, Ill., July 05, 2024 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ: MSBI) announced today that it will issue its second quarter 2024 financial results after market close on Thursday, July 25, 2024. Along with the press release announcing the financial results, the Company will publish an investor presentation that will be available on the page of its investor relations website. About Midland State Bancorp, Inc. Midland States Bancorp, Inc. is a community-based financ...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch