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EXHIBIT 99.1

Midland States Bancorp, Inc. Announces 2026 Second Quarter Results

Effingham, IL, July 23, 2026 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (Nasdaq: MSBI) (the “Company”) today reported net income available to common shareholders of $17.7 million, or $0.82 per diluted share, for the second quarter of 2026, compared to net income available to common shareholders of $16.2 million, or $0.74 per diluted share, for the first quarter of 2026. This also compares to net income available to common shareholders of $9.8 million, or $0.44 per diluted share, for the second quarter of 2025.

2026 Second Quarter Results

•Net income available to common shareholders of $17.7 million, or $0.82 per diluted share

•Return on average assets of 1.22% and return on average tangible common equity of 16.27%

•Adjusted pre-provision net revenue of $32.8 million, or 2.01% of average assets, compared to $30.5 million, or 1.91% of average assets, for the first quarter of 2026

•Net interest margin of 3.98% compared to 3.91% in the prior quarter

•Community Bank loan portfolio increased $6.3 million, or 0.7% annualized, compared to prior quarter. Total loans decreased $94.9 million, primarily due to anticipated runoff within specialty finance and non-core portfolios.

•Total capital to risk-weighted assets of 15.77% and common equity tier 1 capital of 10.39%

•Ratio of nonperforming assets to total assets of 0.91%, flat compared to prior quarter

Discussion of Outlook; President & Chief Executive Officer, Jeffrey G. Ludwig:

“Our second quarter results demonstrate the continued progress we’ve made transforming Midland into a higher-performing community bank. Core profitability remained strong, our net interest margin expanded, capital increased above our near-term target, and our Community Bank continued to generate growth in deposits and customer relationships while we further simplified our balance sheet through the planned runoff of specialty finance and non-core loan portfolios.

"Net interest margin expansion was driven by favorable loan repricing and continued optimization of our earning assets. Total deposits increased $267 million, while we further reduced our reliance on higher-cost brokered deposits. We also strengthened our capital position, increasing our common equity Tier 1 ratio to 10.4%, while continuing to return capital to shareholders through share repurchases.

"While we recognized a higher charge-off associated with the resolution of a previously identified nonperforming commercial real estate credit, broader credit trends continued to improve, including reductions in past due and substandard loans. Looking ahead, we remain focused on disciplined growth across our Community Bank, expanding our wealth management business following a record quarter, and leveraging our stronger financial position to deliver consistent earnings growth and long-term shareholder value.”

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Financial Highlights and Key Performance Indicators

As of and for the Three Months Ended

June 30,March 31,December 31,September 30,June 30,

(dollars in thousands, except per share data)20262026202520252025

Diluted earnings (loss) per common share$0.82 $0.74 $(0.24)$0.24 $0.44

Return on average assets (annualized) 1.22 %1.16 %(0.17)%0.43 %0.67 %

Return on average tangible common equity (annualized) (1) 16.27 %14.88 %(4.46)%4.72 %8.87 %

Adjusted pre-provision net revenue to average assets (annualized) (1)

2.01 %1.91 %1.86 %1.81 %1.86 %

Net interest margin (annualized) 3.98 %3.91 %3.74 %3.79 %3.56 %

Efficiency ratio (1) 60.61 %62.17 %63.01 %61.01 %59.85 %

Noninterest expense to average assets3.12 %3.16 %4.54 %2.86 %2.80 %

Net charge-offs to average loans (annualized)

1.17 %0.64 %3.69 %0.99 %2.34 %

Tangible book value per share at period end (1) $21.41 $20.77 $20.70 $21.16 $20.68

Common shares outstanding at period end20,725,814 20,813,975 21,169,854 21,543,557 21,515,138

Trust assets under administration$4,782,625 $4,474,234 $4,478,999 $4,363,756 $4,181,180

(1) Non-GAAP financial measures. Refer to pages 10-11 for a reconciliation to the comparable GAAP financial measures.

Key Points for Second Quarter and Outlook

Growth Trends in Community Bank & Wealth Management

•Total loans at June 30, 2026 were $4.24 billion, a decrease of $94.9 million from March 31, 2026, 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 million, or 2.5%, during the quarter, supported by continued commercial loan production and growth in commercial and industrial commitments. Period-end balances were impacted by the timing of several larger fundings shifting into the third quarter and elevated loan payoffs. Key changes in the loan portfolio were as follows:

◦Community Bank balances increased $6.3 million, or 0.7% annualized.

◦Spe

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EXHIBIT 99.1

Midland States Bancorp, Inc. Announces 2026 First Quarter Results

Effingham, IL, April 23, 2026 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (Nasdaq: MSBI) (the “Company”) today reported net income available to common shareholders of $16.2 million, or $0.74 per diluted share, for the first quarter of 2026, compared to a net loss available to common shareholders of $5.1 million, or $0.24 per diluted share, for the fourth quarter of 2025. This also compares to a net loss of $143.2 million, or $6.58 per diluted share, for the first quarter of 2025.

Financial results for the first quarter of 2026 included $2.1 million of gains from the sale of the Company’s residential servicing portfolio and a portion of the Company’s commercial servicing portfolio, losses of $1.7 million from the sale of investment securities and a loss of $1.7 million related to our limited partnership investments.

Financial results for the fourth quarter of 2025 included a loss of $21.4 million from the sale of substantially all of the Company’s equipment finance portfolio, in addition to a $1.6 million loss on the sale of a small consumer loan portfolio.

Financial results for the first quarter of 2025 included goodwill impairment expense of $154.0 million.

2026 First Quarter Results

•Net income available to common shareholders of $16.2 million, or $0.74 per diluted share; Adjusted earnings available to common shareholders of $17.2 million, or $0.79 per diluted share

•Adjusted pre-provision net revenue of $30.5 million, or $1.43 per diluted share, compared to $31.6 million, or $1.44 per diluted share, for the fourth quarter of 2025

•Net interest margin of 3.91% compared to 3.74% in the prior quarter

•Community Bank loan portfolio increased $68.8 million, or 8.3% annualized, compared to prior quarter. Total loans decreased $13.4 million, primarily due to anticipated runoff within our specialty finance and non-core portfolios

•Total capital to risk-weighted assets of 15.27% and common equity tier 1 capital of 9.98%

•Ratio of nonperforming assets to total assets of 0.91%, a decrease of 10 basis points from the prior quarter

•Provision for credit losses on loans was $5.4 million for the first quarter of 2026, compared to $11.8 million for the fourth quarter of 2025

Discussion of Outlook; President & Chief Executive Officer, Jeffrey G. Ludwig:

“We delivered a solid start to 2026, reflecting the actions taken throughout 2025 to strengthen credit quality and reduce portfolio risk. Credit metrics continued to improve, with non-performing assets

declining and trending toward our 0.75% target, while profitability returned to normalized levels. As a result, we generated earnings of $0.74 per share and a return on average assets of 1.16%.

“Our capital position continued to strengthen, with the common equity tier 1 ratio increasing to 9.98%, approaching our 10% target. We remained disciplined in our capital allocation, repurchasing $7.8 million of common stock during the quarter while continuing to invest in our core businesses. Net interest margin expanded meaningfully, driven primarily by lower funding costs.

“Growth in our Community Bank remains a key priority for 2026, with loan growth supported by strong client relationships, while non-core portfolios continued to run off as planned. Our wealth management business delivered another solid quarter. We are encouraged by the momentum entering 2026, and we see opportunities to further improve efficiency in the Company as the year progresses.”

Financial Highlights and Key Performance Indicators

As of and for the Three Months Ended

March 31,December 31,September 30,June 30,March 31,

20262025202520252025

Return on average assets (annualized) 1.16 %(0.17)%0.43 %0.67 %(7.66)%

Adjusted pre-provision net revenue to average assets (1)

1.91 %1.86 %1.81 %1.86 %1.50 %

Net interest margin (annualized) 3.91 %3.74 %3.79 %3.56 %3.49 %

Efficiency ratio (1) 62.17 %63.01 %61.01 %59.85 %63.77 %

Noninterest expense to average assets3.16 %4.54 %2.86 %2.80 %11.02 %

Net charge-offs to average loans (annualized)

0.64 %3.69 %0.99 %2.34 %1.35 %

Tangible book value per share at period end (1) $20.77 $20.70 $21.16 $20.68 $20.54

Diluted earnings (loss) per common share$0.74 $(0.24)$0.24 $0.44 $(6.58)

Common shares outstanding at period end20,813,975 21,169,854 21,543,557 21,515,138 21,503,036

Trust assets under administration$4,474,234 $4,478,999 $4,363,756 $4,181,180 $4,101,414

(1) Non-GAAP financial measures. Refer to pages 11-12 for a reconciliation to the comparable GAAP financial measures.

Key Points for First Quarter and Outlook

Solid Growth Trends in Community Bank & Wealth Management

•Total loans at March 31, 2026 were $4.34 billion, a decrease of $13.4 million from December 31, 2025. Key changes in the loan portfolio were as follows:

◦Community Bank balances increased $68.8 million, or 2.1%. We originated $130 milli

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EXHIBIT 99.1

Midland States Bancorp, Inc. Announces 2025 Fourth Quarter Results

Effingham, IL, January 22, 2026 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (Nasdaq: MSBI) (the “Company”) today reported a net loss available to common shareholders of $5.1 million, or $0.24 per diluted share, for the fourth quarter of 2025, compared to net income available to common shareholders of $5.3 million, or $0.24 per diluted share, for the third quarter of 2025. This also compares to a net loss of $33.0 million, or $1.52 per diluted share, for the fourth quarter of 2024.

Financial results for the fourth quarter of 2025 included the previously announced loss on the sale of substantially all of the Company’s equipment finance portfolio of $21.4 million, in addition to a $1.6 million loss on the sale of a small consumer loan portfolio. Excluding these transactions, adjusted earnings available to common shareholders were $11.9 million, or $0.53 per diluted share, for the fourth quarter of 2025.

The Company also recognized additional credit enhancement income of $6.6 million during the fourth quarter of 2025 resulting from contractual changes in its third-party lending and servicing arrangements, which was partially offset by $1.7 million in additional FDIC assessments related to prior years’ amended call reports due to the restatements of prior years’ financial statements.

2025 Fourth Quarter Results

•Net loss available to common shareholders of $5.1 million, or $0.24 per diluted share; Adjusted earnings available to common shareholders of $11.9 million, or $0.53 per diluted share

•Sale of substantially all of the equipment finance portfolio for $21.4 million loss

•Adjusted pre-provision net revenue of $31.4 million, or $1.44 per diluted share, compared to $31.3 million, or $1.43 per diluted share, for the third quarter of 2025

•Net interest margin of 3.74% compared to 3.79% in the prior quarter, which included interest recoveries of $1.6 million

•Ratio of nonperforming assets to total assets of 1.02%, consistent with the prior quarter

•Total capital to risk-weighted assets of 15.16% and common equity tier 1 capital of 9.89%

•Provision for credit losses on loans was $11.8 million for the fourth quarter of 2025, compared to $20.5 million for the third quarter of 2025

Discussion of Outlook; President & Chief Executive Officer, Jeffrey G. Ludwig:

“Entering 2025, improving credit quality was our number one priority and throughout the year, we took significant steps to reduce our risk in the loan portfolio and strengthen our balance sheet. We have significantly enhanced our credit talent, culture, and underwriting standards in 2025, and while non-performing assets remain above our 0.75% target, we believe the actions taken in 2025 position us well

for continued improvement. We accomplished this without raising any additional capital while also continuing to invest in our core businesses.

“Our capital position improved, with the common equity tier 1 capital ratio rising to 9.89% and approaching our 10.0% target. With the Company’s shares trading near tangible book value during the quarter, we repurchased $9.6 million of common stock.

“Revenue trends remained positive in the fourth quarter, highlighted by a strong net interest margin and roughly 6.5% annualized loan growth in our Community Bank. Also, our wealth management business posted another record quarter. We continue to invest in these businesses and expect solid momentum to continue in 2026.”

Key Points for Fourth Quarter and Outlook

Sale of substantially all of the equipment finance portfolio; Continuation of credit clean-up

•As previously announced, the Company sold substantially all of its equipment finance loan and lease portfolio during the fourth quarter of 2025, resulting in a loss on sale of $21.4 million.

•Nonperforming loans and loans 30-89 days past due decreased to $65.5 million and $17.1 million, respectively, at December 31, 2025.

•Net charge-offs, excluding the impact of $29.8 million of the allowance for credit losses which were charged off as part of the equipment finance portfolio sale, were $13.7 million for the fourth quarter of 2025, which included:

◦$5.3 million of net charge-offs in the retained portion of our equipment finance portfolio

◦$3.7 million of net charge-offs on non-performing commercial real estate loans included in our Community Bank portfolio due to the receipt of updated appraisals

◦$2.0 million of fully reimbursed net charge-offs related to our third-party lending portfolio

◦$1.1 million of charge-offs related to a commercial real estate loan that moved to non-accrual during the quarter.

•Provision for credit losses on loans was $11.8 million for the fourth quarter of 2025. The provision for credit losses on loans resulted from the replenishment of reserve balances following higher net charge-offs during the quarter and a modest reserve build relate