Midland States Bancorp Announces Chief Accounting Officer's Share Sale for $880.

Midland States Bancorp, Inc. (MSBI) has announced that Chief Accounting Officer Donald J. Spring has sold 53 shares at $16.71 per share on August 5, 2025.

Midland States Bancorp, Inc. (MSBI), a community-based financial holding company, has announced a significant increase in its quarterly cash dividend. The company's Board of Directors declared a quarterly cash dividend of $0.32 per share, an increase of 3.2% from the previous quarterly cash dividend of $0.31 per share. The dividend is payable on August 22, 2025, to all shareholders of record as of the close of business on August 15, 2025 [1].

In addition to the common stock dividend, the company 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. This dividend will be payable on September 30, 2025, to stockholders of record as of September 15, 2025 [1].

Jeffrey G. Ludwig, President and Chief Executive Officer of the Company, stated, "This dividend declaration represents the 25th consecutive year that Midland States Bancorp has increased its quarterly cash dividend. The bank’s capital ratios remain at strong levels, while earnings and asset quality improved significantly in the second quarter and should remain on a positive trajectory moving forward. Increasing our quarterly dividend is an important part of our capital return to shareholders, but notably we continue to retain a sufficient amount of capital to increase our ratios and support further growth of Midland’s community banking franchise" [1].

On August 5, 2025, Chief Accounting Officer Donald J. Spring sold 53 shares of Midland States Bancorp at $16.71 per share. The sale occurred on the same day the company announced its dividend increase, which could indicate a personal financial decision by the executive or a strategy to adjust the company's capital structure [2].

Midland States Bancorp's stock is currently trading at $16.71, with a market capitalization of approximately $359.43 million. The company reported earnings per share (EPS) of $0.44 for the last quarter, missing analysts' expectations. The stock has a 52-week low of $14.79 and a 52-week high of $28.08 [2].

The company's dividend payout ratio of 46.6% indicates that its dividend is sufficiently covered by earnings. Research analysts expect Midland States Bancorp to earn $2.81 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 44.1% [2].

References:
[1] https://www.nasdaq.com/press-release/midland-states-bancorp-inc-increases-common-stock-cash-dividend-032-share-and
[2] https://www.marketbeat.com/instant-alerts/midland-states-bancorp-inc-nasdaqmsbi-declares-quarterly-dividend-of-032-2025-08-05/