Midland States Bancrop ( (MSBI) ) has released a notification of late filing.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Midland States Bancorp, Inc. has announced a delay in filing its Form 10-Q (Quarter Report) for the financial period ending June 30, 2025. The delay is primarily due to the company’s previous restatement of financial statements for the years 2023 and 2022, which affected subsequent quarterly reports. This restatement has caused a cascade of delays, including the late filing of the 2024 Annual Report on Form 10-K (Yearly Report) and the first quarter Form 10-Q (Quarter Report) for 2025. The company anticipates filing the delayed report as soon as practicable, although it will not meet the five-calendar day extension period. Importantly, Midland States Bancorp does not expect any significant changes in financial results from the previous fiscal year to be reflected in the delayed report. The company remains committed to compliance and is working diligently to resolve these issues. The notification was signed by Eric T. Lemke, the Chief Financial Officer, on August 12, 2025.
The most recent analyst rating on (MSBI) stock is a Hold with a $21.00 price target. To see the full list of analyst forecasts on Midland States Bancrop stock, see the MSBI Stock Forecast page.
Spark’s Take on MSBI Stock
According to Spark, TipRanks’ AI Analyst, MSBI is a Neutral.
The overall stock score of 58 reflects the company’s operational challenges and bearish technical indicators. While the valuation is attractive with a high dividend yield, the financial performance and recent compliance issues weigh heavily on the score. The positive corporate events provide some optimism, but the stock remains under pressure due to broader financial and technical concerns.
To see Spark’s full report on MSBI stock, click here.
More about Midland States Bancrop
Average Trading Volume: 127,191
Technical Sentiment Signal: Sell
Current Market Cap: $376.9M
See more insights into MSBI stock on TipRanks’ Stock Analysis page.