Midland States Bancorp, Inc. 8-K

What Happened
Midland States Bancorp, Inc. announced on May 5, 2026 that its board approved an amendment to the company’s stock repurchase program, increasing the authorized amount from $25.0 million to $45.0 million and extending the program’s expiration to December 31, 2026. The company reported it has repurchased 923,837 shares at an average price of $21.46 for a total of $19.8 million under the program originally authorized on November 3, 2025. The company noted that timing and volume of future repurchases depend on price, trading volume, regulatory requirements and market conditions, and the program may be suspended or discontinued at any time.

Key Details

• Authorized repurchase amount increased from $25.0M to $45.0M.
• New program expiration date: December 31, 2026.
• Shares repurchased to date: 923,837 shares for ~$19.8M at an average price of $21.46.
• Remaining authorization under the amended program is roughly $25.2M; repurchases may be suspended and any Rule 10b5‑1 plans may be amended or terminated.

Why It Matters
An expanded buyback gives Midland States flexibility to repurchase more shares, which can reduce outstanding shares and potentially support earnings per share if executed. The filing is a factual update of authorization and past activity—not a guarantee of future purchases. Retail investors should note the company can pause or stop repurchases and that actual buyback activity will depend on market and regulatory conditions.