Midland States returns to profit in Q1 FY26, net income USD 18.5 million

• Midland States Bancorp returned to profit in Q1 2026, posting net income of $18.46 million, versus a net loss a year earlier.
• Noninterest expense fell to $50.42 million from $203.01 million, reflecting absence of prior-year goodwill impairment.
• Net interest margin widened 0.42 percentage points to 3.91%.
• Provision for credit losses declined to $5 million from $10.85 million, due in part to sale of equipment finance portfolio in late 2025.
• Management cited no material changes in critical accounting estimates since Dec. 31, 2025.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Midland States Bancorp Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001466026-26-000049), on April 30, 2026, and is solely responsible for the information contained therein.