United States
Securities And Exchange Commission
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FORM
Current Report
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Item 8.01. Other Events
On May 2, 2023, the Company announced that its Board of Directors declared a quarterly cash dividend of $0.30 per share of its common stock. The dividend is payable on May 19, 2023, to shareholders of record on May 12, 2023.
The Board of Directors also declared a cash dividend of $0.4844 per depositary share on its 7.750% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A. The dividend will be payable on June 30, 2023 to stockholders of record as of June 15, 2023.
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 May 2, 2023 |
| 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: May 2, 2023 | 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., May 02, 2023 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ: MSBI) announced today that its Board of Directors declared a quarterly cash dividend of $0.30 per share of its common stock. The dividend is payable on May 19, 2023 to all shareholders of record as of the close of business on May 12, 2023.
The Board of Directors also declared a cash dividend of $0.4844 per depository share on its 7.750% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A. The dividend will be payable on June 30, 2023 to stockholders of record as of June 15, 2023.
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 March 31, 2023, the Company had total assets of approximately $7.93 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 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