Midland States Bancorp, Inc. · NASDAQ:MSBI
Midland States Bancorp — Investor Presentation (July 2026)
26 slides from Midland States Bancorp's investor presentation, July 2026
Slide 1: Midland States Bancorp, Inc. Investor Presentation
Midland States Bancorp, Inc. NASDAQ: MSBI Investor Presentation July 2026
Slide 2: Forward Looking Statements
Forward Looking Statements Forward-Looking Statements: Statements made in this presentation which are not purely historical are forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995. This includes any statements regarding management’s plans, objectives, or go
Slide 3: Company Snapshot
Company Snapshot Established in 1881, Midland States Bank is an FDIC-insured, well-capitalized community bank that takes pride in maintaining strong relationships with its customers and serving the financial needs of its communities across its geographic footprint. Midland States Bank strives to sup
Slide 4: Financial Services & Banking Center Footprint
Financial Services & Banking Center Footprint Headquartered in Effingham, Illinois 42 Illinois Banking Centers 11 Missouri Banking Centers Our Community Bank is Organized into Four Regions: • Northern • Eastern • Southern • St. Louis Full Service Personal and Business Banking Solutions, including: •
Slide 5: Business and Corporate Strategy
Business and Corporate Strategy We are a community bank focused on developing deep customer relationships and building strong communities. OUR MISSION Providing a superior experience to enrich our customer's financial journey. OUR VISION We are one bank, committed to cohesive teamwork that prioritiz
Slide 6: Executive Management Team
Executive Management Team Jeffrey G. Ludwig Claire A. Stack President – CEO of Midland States Bancorp EVP, Chief Financial Officer of Midland States CEO of Midland States Bank Bancorp and Midland States Bank • Assumed Company CEO role in January 2019 after • Promoted to EVP, Chief Financial Officer
Slide 7: Building a High Performing, Tech-Forward Community Bank
Building a High Performing, Tech-Forward Community Bank Where We Are Today Where We’re Going Growing • Invest in team and technology to grow and deepen $6.7B $4.2B $5.7B $4.8B relationships Commercial Assets Loans Deposits AUM/A Banking • Focus on higher growth St. Louis & greater Chicago markets Bu
Slide 8: Second Quarter 2026 Highlights
Second Quarter 2026 Highlights Financial Summary Net Income Available to Common $17.7 million Diluted EPS (adjusted1) $0.82 Adjusted PPNR ROAA1 2.01% Shareholders ROAA 1.22% Efficiency Ratio1 60.6% CET1 10.4% ROATCE1 16.27% Highlights • Net interest margin was 3.98%, up seven bps compared to prior q
Slide 9: Strong Capital Position
Strong Capital Position Capital Ratios Strong Capital Base • Strong regulatory capital ratios at bank and holding company, well-above minimum buffers 15.2% 15.3% 15.8% 14.5% 14.3% 14.0% 12.5% 13.4% 13.5% • CET1 of 10.4% exceeded near-term target of 10% 12.1% 10.4% 10.4% 9.6% 9.9% 9.9% • Continued fo
Slide 10: Loan Portfolio
Loan Portfolio • Total loans decreased $94.9 million from prior quarter to $4.24 billion, reflecting the continued planned runoff of specialty finance and non-core portfolios, which more than offset Community Bank loan growth. Average loan balances in the Community Bank increased approximately $83 m
Slide 11: Loan Segments
Loan Segments • Community Bank loans increased $6.3 million to $3.40 billion, concentrated in our Northern and St. Louis regions • Commercial pipelines remain strong • Recently added talent across the franchise is driving quality loan relationships and commercial deposit growth Loan Portfolio Segmen
Slide 12: Credit Management Update
Credit Management Update Continued Progress on Credit Quality and Strong Community Bank Trends Allowance for Credit Losses (ACL) Net Charge Offs – Community Bank Loans vs. Other (in millions, as of quarter-end) (in millions, as of quarter-end) $39 $101 $93 $69 $68 $22 $63 2.07% 1.84% 1.59% 1.56% $11
Slide 13: Non-Performing Asset Update
Non-Performing Asset Update (dollars in thousands) Balance Balance Balance Balance Balance Loan Segment 2Q 2025 3Q 2025 4Q 2025 1Q 2026 2Q 2026 Notes Loan 1 CRE - Multifamily - Wisconsin $ 716 $ 716 $ — $ — $ — Loan 2 CRE - Office - Florida 9,285 7,988 7,988 7,988 7,988 Partial charge off Q3 2025 Lo
Slide 14: Total Deposits
Total Deposits • Total deposits increased $267.2 million compared to prior quarter primarily due to an increase in checking and savings of $208.7 million and $144.4 million, respectively, partially offset by decreases in money market, time deposits and non-interest-bearing demand of $53.5 million, $
Slide 15: Deposit Segments
Deposit Segments Deposit by Channel Highlights (in millions, as of quarter-end) 2Q 2026 1Q 2026 2Q 2025 • Community Bank deposits increased, driven largely Retail $ 3,003 $ 2,905 $ 2,812 by growth in new accounts as a result of targeted Commercial 1,326 1,209 1,145 initiatives and seasonal growth in
Slide 16: Neutral Rate Positioning Supports Margin Stability
Neutral Rate Positioning Supports Margin Stability • Bank well positioned for rate changes with modest liability sensitive position: • 33% of assets reprice within 3 months as of June 30, 2026 • 74% of our liabilities reprice within 3 months as of June 30, 2026 • Loan Strategy: Focused on originatin
Slide 17: Strong Liquidity
Strong Liquidity Liquidity Position Abundant Excess Liquidity • $4.41 billion total insured deposits 1.78x Liquidity Coverage $2,313 • 19.4% liquidity on balance sheet (Cash & Investment $332 Securities) $775 • Stable insured deposit base, brokered time deposits less than 1% of total deposits as of
Slide 18: Noninterest Income
Noninterest Income • Noninterest income increased $1.7 million compared to LQ with Q1 including $2.1 million of gains from the sale of the our residential servicing portfolio and a portion of the our commercial servicing portfolio, losses of $1.7 million from the sale of investment securities, and a
Slide 19: Wealth Management Contribution
Wealth Management Contribution Quarterly Performance: • Record assets under administration of $4.78 billion, up from $4.47 billion LQ, driven primarily by improved market performance • Record Wealth Management fees of $8.8 million, up from $8.2 million LQ • Referrals in 2Q trended up, with an increa
Slide 20: Noninterest Expense and Operating Efficiency
Noninterest Expense and Operating Efficiency Noninterest Expense & Efficiency Ratio1 Highlights (in millions) • Efficiency Ratio1 was 60.6% in 2Q 2026 vs. $77.2 62.2% in 1Q 2026 $50.0 $50.4 $50.8 • Investing in talent and technology to drive $49.8 growth and operational efficiencies 63.0% 62.2% • Ne
Slide 21: Financial Outlook
Financial Outlook • Continue growing high-quality Community Bank relationships • Expand Wealth Management and fee income • Continue reducing non-core portfolios and credit costs • Build capital while maintaining strong profitability • Drive operating leverage through technology and process improveme
Slide 22: Appendix
Appendix Midland [=]
Slide 23: Second Quarter 2026 Results
Second Quarter 2026 Results (dollars in millions, except for per share data) As of and for the Three Months Ended June 30, March 31, December 31, September 30, June 30, 2026 2026 2025 2025 2025 Net interest income $ 59.6 $ 57.4 $ 58.7 $ 61.1 $ 58.7 Provision for credit losses 6.8 5.0 11.6 20.0 17.4
Slide 24: Non-GAAP Reconciliations (unaudited)
Non-GAAP Reconciliations (unaudited) Adjusted Earnings Reconciliation For the Three Months Ended June 30, March 31, December 31, September 30, June 30, (dollars in thousands, except per share data) 2026 2026 2025 2025 2025 Income (loss) before income tax expense (benefit) - GAAP $ 25,783 $ 24,112 $
Slide 25: Non-GAAP Reconciliations (unaudited)
Non-GAAP Reconciliations (unaudited) Return on Average Tangible Common Equity For the Three Months Ended June 30, March 31, December 31, September 30, June 30, (dollars in thousands) 2026 2026 2025 2025 2025 Net income available to common shareholders $ 17,660 $ 16,235 $ (5,116) $ 5,328 $ 9,796 Aver
Slide 26: Non-GAAP Reconciliations (unaudited)
Non-GAAP Reconciliations (unaudited) Tangible Common Equity to Tangible Assets Ratio and Tangible Book Value Per Share As of June 30, March 31, December 31, September 30, June 30, (dollars in thousands, except per share data) 2026 2026 2025 2025 2025 Shareholders' Equity to Tangible Common Equity To
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