Midland States Bancorp's Assets Reach $7.53 Billion

By Bobby Samwell • Wednesday, February 05 10:24 • Permanent Link

Midland States Bancorp, Inc. (NASDAQ: MSBI) has announced its financial results for the period ending December 31, 2024. The company's total assets stood at approximately $7.53 billion, with the Wealth Management Group overseeing assets under administration of around $4.15 billion.

In terms of dividends, the Board of Directors declared a quarterly cash dividend of $0.31 per share of common stock, payable on February 21, 2025, to shareholders of record as of February 14, 2025. Additionally, a cash dividend of $0.4844 per depository share on the 7.75% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A, was declared, with payment scheduled for March 31, 2025, for stockholders of record as of March 17, 2025.

These announcements come as the company continues to provide a full range of commercial and consumer banking products and services, business equipment financing, merchant credit card services, trust and investment management, insurance, and financial planning services. The market has reacted to these announcements by moving the company's shares 0.3% to a price of $19.3. For more information, read the company's full 8-K submission here.

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