Midland States Bancorp Increases Quarterly Cash Dividend to $0.32 Per Share, Declares Preferred Stock Dividend

Midland States Bancorp declared a quarterly cash dividend of $0.32 per share, up 3.2% from the previous dividend. The bank's board 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 marks the 25th consecutive year Midland has increased its quarterly cash dividend.

Midland States Bancorp, Inc. (NASDAQ: MSBI) has announced a 3.2% increase in its quarterly cash dividend, raising it to $0.32 per share of common stock. The dividend will be paid on August 22, 2025, to shareholders of record as of August 15, 2025. This marks the 25th consecutive year that Midland States Bancorp has increased its quarterly cash dividend.

The bank's board 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, 2025. Jeffrey G. Ludwig, President and Chief Executive Officer, stated that the dividend increase reflects the bank's strong capital ratios, improved earnings, and asset quality in the second quarter. The bank continues to retain sufficient capital to support further growth while returning value to shareholders.

As of June 30, 2025, Midland States Bancorp had total assets of approximately $7.11 billion, and its Wealth Management Group had assets under administration of approximately $4.18 billion. The company provides a full range of commercial and consumer banking products and services, as well as business equipment financing, merchant credit card services, trust and investment management, insurance, and financial planning services.

References:
[1] https://www.stocktitan.net/news/MSBI/midland-states-bancorp-inc-increases-common-stock-cash-dividend-to-0-wrtgis3u4piu.html
[2] https://www.morningstar.com/news/globe-newswire/9506511/midland-states-bancorp-inc-increases-common-stock-cash-dividend-to-032-per-share-and-declares-preferred-stock-dividend