Midland States Bancorp, Inc. Increases Common Stock Cash Dividend to $0.33 Per Share and Declares Preferred Stock Dividend

Midland States Bancorp raises its dividend for the 26th straight year.

Risk flags

• ●The announcement does not include any profitability metrics such as net income, earnings per share, or operating profit, making it impossible to assess whether the dividend increase is supported by improved earnings or is being maintained despite potential financial strain.
• ●No information is provided on loan portfolio quality, credit losses, or revenue trends, leaving investors without insight into the underlying drivers of asset growth or risk exposure.
• ●The claim of offering a 'full range' of financial services is unsubstantiated by data, which may overstate the company's competitive breadth or market position.

Bottom line

This is a routine dividend update from Midland States Bancorp, with a modest 3.1% increase in the quarterly payout and a continued 26-year streak of dividend growth. The announcement provides clear figures for dividend amounts, payment dates, and current asset levels, but omits any data on profitability, revenue, or credit quality. Without these metrics, investors cannot determine whether the higher dividend reflects improved financial health or simply a desire to maintain a record of increases. The generic claim of offering a 'full range' of services adds little to the investment case. For investors, this update signals stability in dividend policy but offers no new insight into the company's underlying performance or future prospects. The most important takeaway is the persistence of the dividend growth streak, but the absence of broader financial disclosures limits the announcement's actionable value.

Announcement summary

(NASDAQ: MSBI) Midland States Bancorp, Inc. announced that its Board of Directors declared a quarterly cash dividend of $0.33 per share of its common stock, representing an increase of 3.1% from the previous quarterly cash dividend of $0.32 per share. The dividend is payable on August 21, 2026 to all shareholders of record as of the close of business on August 14, 2026. 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, payable on September 30, 2026 to stockholders of record as of September 15, 2026. As of June 30, 2026, the Company had total assets of approximately $6.70 billion, and its Wealth Management Group had assets under administration of approximately $4.78 billion. This dividend declaration marks the 26th consecutive year that Midland States Bancorp has increased its quarterly cash dividend. The Company 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.

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