Midland States Bancorp Raises Quarterly Dividend 3.13%

Midland States Bancorp, Inc. (NASDAQ: MSBI) raised its quarterly dividend to $0.33 per share from $0.32, an increase of 3.13%. The new rate equates to an annual dividend of $1.32 per share and a forward yield of 3.93% based on a share price of $33.54.

The ex-dividend date is Aug. 14, 2026. The increase extends the financial-services company’s consecutive dividend-growth record to nine years.

Midland States is a community-based financial holding company headquartered in Effingham, Illinois, and the parent of Midland States Bank. Its operations include commercial and consumer banking, wealth management, trust and investment management, insurance, and financial-planning services. The bank traces its establishment to 1881.

Earnings and capital provide context

The dividend action follows an improvement in Midland States’ operating performance. For the second quarter of 2026, the company reported net income available to common shareholders of $17.7 million, or $0.82 per diluted share, compared with $16.2 million, or $0.74 per share, in the preceding quarter. Net interest margin widened to 3.98% from 3.91% over the same period. Midland States’ second-quarter results also showed a common equity Tier 1 capital ratio of 10.39%.

Management linked the higher dividend to progress in strengthening earnings and capital. The company has been simplifying its balance sheet through the planned runoff of specialty-finance and non-core loan portfolios while emphasizing growth in community banking and wealth management. It also reported reduced reliance on higher-cost brokered deposits during the second quarter. The company’s dividend announcement described the payout as part of its approach to returning capital to shareholders while investing in its core businesses.

What it means for income investors

At the new quarterly rate, shareholders are positioned to receive $1.32 per share annually if the dividend remains unchanged, corresponding to the stated 3.93% forward yield. Midland States carries a SmarterDividends safety score of 81 out of 100, equivalent to an A grade. The higher payment adds to the company’s nine-year growth record, although future dividends remain subject to board approval and the bank’s earnings, capital position and regulatory requirements.