MSBIP — what changed in the latest 10-Q
A section-by-section comparison of MSBIP's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-10-29 vs the prior 10-Q · 2026-07-30
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +49 | −37 | ~62 | 66 |
| Market risk (Item 3) | Text added/removed | +9 | −5 | ~3 | 13 |
| Controls & procedures | Text added/removed | +9 | −5 | ~3 | 12 |
| Legal proceedings | Text added/removed | +9 | −5 | ~3 | 10 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | +9 | −5 | ~1 | 4 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-10-29
Three Months Ended September 30,Nine Months Ended September 30,
Net income available to common shareholders for the third quarter of 2026 was $20.6 million, or $0.95 per diluted common share, compared to net income available to common shareholders of $5.3 million, or $0.24 per diluted common share, in the third quarter of 2025. The increase reflected a $1.6 mill…
provision for credit losses, and a $3.2 million increase in noninterest income. These benefits were partially offset by a $3.0 million increase in noninterest expense and a $2.8 million increase in income tax expense.
Net income available to common shareholders for the first nine months of 2026 was $54.5 million, or $2.51 per diluted common share, compared with a net loss available to common shareholders of $128.1 million, or a diluted loss per common share of $5.88, in the first nine months of 2025. The increase…
During the third quarter of 2026, the Federal Reserve increased the target range for the federal funds rate by 25 basis points from 3.75% to 4.00%. At its October 2026 meeting, the Federal Reserve maintained the target range at 3.75% to 4.00%, citing continued elevated inflation. These actions follo…
Text removed vs the prior filing · source: 10-Q · 2026-07-30
Net income for the second quarter of 2026 was $19.9 million, or $0.82 per diluted common share, compared with net income of $12.0 million, or $0.44 per diluted common share, in the second quarter of 2025. The increase reflected a $0.9 million increase in net interest income, a $10.6 million decrease…
noninterest income. These benefits were partially offset by a $0.8 million increase in noninterest expense, and a $3.1 million increase in income tax expense.
Net income for the first six months of 2026 was $38.4 million, or $1.56 per diluted common share, compared with a net loss of $129.0 million, or a diluted loss per common share of $6.13, in the first six months of 2025. The increase reflected a $151.8 million decrease in noninterest expense (which i…
The Federal Reserve held its interest rates steady during the second quarter of 2026 by maintaining the target range for the federal funds rate at 3.50% to 3.75%. Interest rates have remained unchanged following the three 25-basis-point rate reductions in September, October and December 2025. The FO…
Interest Expense. Interest expense decreased $10.6 million to $28.6 million for the second quarter of 2026 compared to the same period in 2025. The cost of interest-bearing liabilities decreased to 2.35% from 2.91% due to a decrease in both rates paid on deposits and average balances.
Market risk (Item 3)
Text added vs the prior filing · source: 10-Q · 2026-10-29
On August 20, 2026, Jerry McDaniel, a director of the Company, adopted a Rule 10b5-1 trading arrangement intended to satisfy the affirmative defense of Rule 10b5-1(c) under the Exchange Act. The trading arrangement expires on November 9, 2027, and provides for the sale of up to 30,000 shares of Comp…
On October 29, 2026, the Company entered into (i) an amendment to the Amended and Restated Employment Agreement, dated as of November 5, 2020, among the Company, the Bank and Jeffrey G. Ludwig, to modify the calculation of severance Mr. Ludwig would be entitled to receive if his employment were term…
First Amendment to Amended and Restated Employment Agreement, dated as of October 29, 2026, among Midland States Bancorp, Inc., Midland States Bank and Jeffrey G. Ludwig – filed herewith.
Form of Amendment to Change of Control Agreement, dated as of October 29, 2026, between Midland States Bank and each of Claire A. Stack, Jeremy A. Jameson and Daniel E. Casey – filed herewith.
Subsidiaries of Midland States Bancorp, Inc. – filed herewith.
Text removed vs the prior filing · source: 10-Q · 2026-07-30
Chief Executive Officer’s Certification required by Rule 13(a)-14(a) – filed herewith.
Chief Financial Officer’s Certification required by Rule 13(a)-14(a) – filed herewith.
Employment Offer Letter, dated as of May 8, 2026, between Midland States Bank and Claire A. Stack
Financial information from the Company’s Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2026 formatted in iXBRL (Inline extensible Business Reporting Language): (i) Consolidated Balance Sheets; (ii) Consolidated Statements of Income; (iii) Consolidated Statements of Comprehens…
The cover page from Midland States Bancorp, Inc.’s Form 10-Q Report for the quarterly period ended June 30, 2026 formatted in inline XBRL and contained in Exhibit 101.
Controls & procedures
Text added vs the prior filing · source: 10-Q · 2026-10-29
On August 20, 2026, Jerry McDaniel, a director of the Company, adopted a Rule 10b5-1 trading arrangement intended to satisfy the affirmative defense of Rule 10b5-1(c) under the Exchange Act. The trading arrangement expires on November 9, 2027, and provides for the sale of up to 30,000 shares of Comp…
On October 29, 2026, the Company entered into (i) an amendment to the Amended and Restated Employment Agreement, dated as of November 5, 2020, among the Company, the Bank and Jeffrey G. Ludwig, to modify the calculation of severance Mr. Ludwig would be entitled to receive if his employment were term…
First Amendment to Amended and Restated Employment Agreement, dated as of October 29, 2026, among Midland States Bancorp, Inc., Midland States Bank and Jeffrey G. Ludwig – filed herewith.
Form of Amendment to Change of Control Agreement, dated as of October 29, 2026, between Midland States Bank and each of Claire A. Stack, Jeremy A. Jameson and Daniel E. Casey – filed herewith.
Subsidiaries of Midland States Bancorp, Inc. – filed herewith.
Text removed vs the prior filing · source: 10-Q · 2026-07-30
Chief Executive Officer’s Certification required by Rule 13(a)-14(a) – filed herewith.
Chief Financial Officer’s Certification required by Rule 13(a)-14(a) – filed herewith.
Employment Offer Letter, dated as of May 8, 2026, between Midland States Bank and Claire A. Stack
Financial information from the Company’s Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2026 formatted in iXBRL (Inline extensible Business Reporting Language): (i) Consolidated Balance Sheets; (ii) Consolidated Statements of Income; (iii) Consolidated Statements of Comprehens…
The cover page from Midland States Bancorp, Inc.’s Form 10-Q Report for the quarterly period ended June 30, 2026 formatted in inline XBRL and contained in Exhibit 101.
Legal proceedings
Text added vs the prior filing · source: 10-Q · 2026-10-29
On August 20, 2026, Jerry McDaniel, a director of the Company, adopted a Rule 10b5-1 trading arrangement intended to satisfy the affirmative defense of Rule 10b5-1(c) under the Exchange Act. The trading arrangement expires on November 9, 2027, and provides for the sale of up to 30,000 shares of Comp…
On October 29, 2026, the Company entered into (i) an amendment to the Amended and Restated Employment Agreement, dated as of November 5, 2020, among the Company, the Bank and Jeffrey G. Ludwig, to modify the calculation of severance Mr. Ludwig would be entitled to receive if his employment were term…
First Amendment to Amended and Restated Employment Agreement, dated as of October 29, 2026, among Midland States Bancorp, Inc., Midland States Bank and Jeffrey G. Ludwig – filed herewith.
Form of Amendment to Change of Control Agreement, dated as of October 29, 2026, between Midland States Bank and each of Claire A. Stack, Jeremy A. Jameson and Daniel E. Casey – filed herewith.
Subsidiaries of Midland States Bancorp, Inc. – filed herewith.
Text removed vs the prior filing · source: 10-Q · 2026-07-30
Chief Executive Officer’s Certification required by Rule 13(a)-14(a) – filed herewith.
Chief Financial Officer’s Certification required by Rule 13(a)-14(a) – filed herewith.
Employment Offer Letter, dated as of May 8, 2026, between Midland States Bank and Claire A. Stack
Financial information from the Company’s Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2026 formatted in iXBRL (Inline extensible Business Reporting Language): (i) Consolidated Balance Sheets; (ii) Consolidated Statements of Income; (iii) Consolidated Statements of Comprehens…
The cover page from Midland States Bancorp, Inc.’s Form 10-Q Report for the quarterly period ended June 30, 2026 formatted in inline XBRL and contained in Exhibit 101.
Other information
Text added vs the prior filing · source: 10-Q · 2026-10-29
On August 20, 2026, Jerry McDaniel, a director of the Company, adopted a Rule 10b5-1 trading arrangement intended to satisfy the affirmative defense of Rule 10b5-1(c) under the Exchange Act. The trading arrangement expires on November 9, 2027, and provides for the sale of up to 30,000 shares of Comp…
On October 29, 2026, the Company entered into (i) an amendment to the Amended and Restated Employment Agreement, dated as of November 5, 2020, among the Company, the Bank and Jeffrey G. Ludwig, to modify the calculation of severance Mr. Ludwig would be entitled to receive if his employment were term…
First Amendment to Amended and Restated Employment Agreement, dated as of October 29, 2026, among Midland States Bancorp, Inc., Midland States Bank and Jeffrey G. Ludwig – filed herewith.
Form of Amendment to Change of Control Agreement, dated as of October 29, 2026, between Midland States Bank and each of Claire A. Stack, Jeremy A. Jameson and Daniel E. Casey – filed herewith.
Subsidiaries of Midland States Bancorp, Inc. – filed herewith.
Text removed vs the prior filing · source: 10-Q · 2026-07-30
Chief Executive Officer’s Certification required by Rule 13(a)-14(a) – filed herewith.
Chief Financial Officer’s Certification required by Rule 13(a)-14(a) – filed herewith.
Employment Offer Letter, dated as of May 8, 2026, between Midland States Bank and Claire A. Stack
Financial information from the Company’s Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2026 formatted in iXBRL (Inline extensible Business Reporting Language): (i) Consolidated Balance Sheets; (ii) Consolidated Statements of Income; (iii) Consolidated Statements of Comprehens…
The cover page from Midland States Bancorp, Inc.’s Form 10-Q Report for the quarterly period ended June 30, 2026 formatted in inline XBRL and contained in Exhibit 101.
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice