EFFINGHAM, Ill., May  05, 2026  (GLOBE NEWSWIRE) --  Midland States Bancorp, Inc. (NASDAQ:MSBI) announced today that its Board of Directors has approved an amendment to the Company&#39;s current stock repurchase program that

MSBI

Midland States Bancorp, Inc. Increases Stock Repurchase Program to $45 Million

Midland States Bancorp Enhances Stock Buyback Program with $45 Million Authorization

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>EFFINGHAM, Ill., May  05, 2026  (GLOBE NEWSWIRE) --  Midland States Bancorp, Inc. (NASDAQ:MSBI) announced today that its Board of Directors has approved an amendment to the Company&amp;#39;s current stock repurchase program that</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Midland States Bancorp has raised its stock repurchase program authorization to $45 million, extending it through December 31, 2026. This strategic move underscores the company&#039;s confidence in its financial position and is expected to bolster shareholder value with enhanced demand for shares.</p>
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  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>MSBI increases stock repurchase program from $25M to $45M.</li><li>Stock buyback program extended to December 31, 2026.</li><li>Management cites confidence in company&#039;s capital strength and profitability outlook.</li><li>923,837 shares repurchased at an average price of $21.46 thus far.</li><li>Repurchases depend on market conditions and may be adjusted at any time.</li></ul>
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  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Midland States Bancorp, Inc. (MSBI)</strong>: Enhanced buyback program expected to support share prices and investor confidence.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>This news falls under &#039;Corporate Developments&#039; as it pertains to significant changes in MSBI&#039;s capital management strategy, directly impacting investor sentiment and potential stock performance.</p>
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  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Increased buyback could lead to higher share prices as supply decreases.</li><li>Positive management outlook may attract more investor interest.</li><li>Extended program duration signals long-term confidence in profitability.</li><li>Current share repurchase demonstrates a commitment to returning capital to shareholders.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>MSBI&#039;s stock repurchase program increased from $25 million to $45 million.</li><li>Expiration date for the repurchase program is December 31, 2026.</li><li>923,837 shares repurchased at an average price of $21.46.</li><li>Total investment in the buyback program so far is $19.8 million.</li><li>Company reports total assets of approximately $6.55 billion.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Consider buying MSBI shares in the near term due to enhanced buyback program.</p>
  </section>
</section>


<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p align="justify">EFFINGHAM, Ill., May  05, 2026  (GLOBE NEWSWIRE) --  Midland States Bancorp, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/MSBI">MSBI</a>) announced today that its Board of Directors has approved an amendment to the Company's current stock repurchase program that increases the amount of common stock authorized for repurchase from $25 million to $45 million and extends the expiration date of the program to December 31, 2026. To date, the Company has repurchased 923,837 shares of its common stock at an average price of $21.46 for a total investment of $19.8 million under the stock repurchase program that was initially authorized on November 3, 2025.  </p>  <p align="justify">Jeffrey G. Ludwig, President and Chief Executive Officer of the Company, said "The decision to increase our share repurchase authorization reflects our sustained confidence in the Company's capital strength, credit profile and long-term profitability outlook. We continue to view our shares as a compelling investment and believe this action reinforces our consistent and disciplined capital management strategy."</p>  <p align="justify">Stock repurchases under the amended program may be made from time to time on the open market, in privately negotiated transactions, or in any other manner that complies with applicable securities laws, at the discretion of the Company. The program will be in effect until December 31, 2026, with the timing of purchases and the number of shares repurchased under the program dependent upon a variety of factors including price, trading volume, corporate and regulatory requirements and market conditions. The repurchase program may be suspended or discontinued at any time without notice.</p>  <p><strong>About Midland States Bancorp, Inc.</strong></p>  <p align="justify">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, 2026, the Company had total assets of approximately $6.55 billion, and its Wealth Management Group had assets under administration of approximately $4.47 billion. The Company provides a full range of commercial and consumer banking products and services, merchant credit card services, trust and investment management, insurance and financial planning services. For additional information, visit <a href="https://www.midlandsb.com/" title="https://www.midlandsb.com/">https://www.midlandsb.com/</a> or <a href="https://www.linkedin.com/company/midland-states-bank" title="https://www.linkedin.com/company/midland-states-bank">https://www.linkedin.com/company/midland-states-bank</a>.</p>  <p><strong>Forward-Looking Statements</strong></p>  <p align="justify">Readers should note that in addition to the historical information contained herein, this press release includes &#34;forward-looking statements&#34; within the meanings of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including but not limited to statements about the Company's financing and use of proceeds from the notes offering. These statements are subject to many risks and uncertainties, including changes in interest rates and other general economic, business and political conditions, including changes in the financial markets; changes in business plans as circumstances warrant; risks relating to acquisitions; and other risks detailed from time to time in filings made by the Company with the Securities and Exchange Commission. Readers should note that the forward-looking statements included in this press release are not a guarantee of future events, and that actual events may differ materially from those made in or suggested by the forward-looking statements. Forward-looking statements generally can be identified by the use of forward-looking terminology such as &#34;will,&#34; &#34;propose,&#34; &#34;may,&#34; &#34;plan,&#34; &#34;seek,&#34; &#34;expect,&#34; &#34;intend,&#34; &#34;estimate,&#34; &#34;anticipate,&#34; &#34;believe&#34; or &#34;continue,&#34; or similar terminology. Any forward-looking statements presented herein are made only as of the date of this press release, and the Company does not undertake any obligation to update or revise any forward-looking statements to reflect changes in assumptions, the occurrence of unanticipated events, or otherwise.</p>  <p><strong>CONTACTS:</strong><br></br>Claire A. Stack, Interim Chief Financial Officer, at <a href="mailto:cstack@midlandsb.com">cstack@midlandsb.com</a> or (217) 342-7321</p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTcxMzcxNSM3NTg1Mjc4IzIwMjkyMTk="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/YzVhYjQxODgtNTdiZS00YmE2LTg3OTQtZDZiMzFmZjZiMzI4LTEwNDA3OTAtMjAyNi0wNS0wNS1lbg==/tiny/Midland-States-Bancorp-Inc-.png" referrerpolicy="no-referrer-when-downgrade"></img><p><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/c23ea7fd-a346-4531-a814-5ff25e8f32d4"><img src="https://ml.globenewswire.com/media/c23ea7fd-a346-4531-a814-5ff25e8f32d4/small/midland-states-bancorp-rgb-jpg.jpg" border="0" width="150" height="44" alt="Primary Logo"></img></a></p>

Midland States Bancorp has raised its stock repurchase program authorization to $45 million, extending it through December 31, 2026. This strategic move underscores the company's confidence in its financial position and is expected to bolster shareholder value with enhanced demand for shares.

Midland States Bancorp, Inc. Increases Stock Repurchase Program to $45 Million

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