United States
Securities And Exchange Commission
Washington, DC 20549
FORM
Current Report
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Item 8.01. Other Events
On October 31, 2022, the Company announced that its Board of Directors declared a quarterly cash dividend of $0.29 per share of its common stock. The dividend is payable on November 21, 2022, to shareholders of record on November 14, 2022.
The Board of Directors also declared a cash dividend of $27.56 per share (or $0.689 per depositary share) on its 7.750% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A. The dividend will be payable on December 30, 2022 to stockholders of record as of December 15, 2022.
A copy of the press release announcing the dividend is attached hereto as Exhibit 99.1.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit No. | Description |
| 99.1 | Press Release of Midland States Bancorp, Inc., dated October 31, 2022 |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SignatureS
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: October 31, 2022 | Midland States Bancorp, Inc.
| |
| By: | /s/ Douglas J. Tucker | |
| Name: | Douglas J. Tucker |
| Title: | Senior Vice President and Corporate Counsel |
EXHIBIT 99.1
Midland States Bancorp, Inc. Announces Common Stock and Preferred Stock Dividends
EFFINGHAM, Ill., Oct. 31, 2022 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ: MSBI) announced today that its Board of Directors declared a quarterly cash dividend of $0.29 per share of its common stock. The dividend is payable on November 21, 2022 to all shareholders of record as of the close of business on November 14, 2022.
The Board of Directors also declared a cash dividend of $27.56 per share on its 7.750% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A, or $0.689 per depositary share. The dividend will be payable on December 30, 2022 to stockholders of record as of December 15, 2022. The dividend declared reflects the payment for the initial Series A dividend period from and including August 24, 2022, which was the original issue date of the Series A preferred stock, to but excluding December 30, 2022.
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, 2022, the Company had total assets of approximately $7.81 billion, and its Wealth Management Group had assets under administration of approximately $3.45 billion. Midland 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 https://www.midlandsb.com/ or https://www.linkedin.com/company/midland-states-bank.
CONTACTS:
Douglas J. Tucker, Sr. V.P., Corporate Counsel, at dtucker@midlandsb.com or (217) 342-7321