Midland States Bancorp Announces Sale of Substantially All of Its Equipment Finance Portfolio to North Mill Equipment Finance
Midland States Bancorp, Inc. (MSBI)
Last midland states bancorp, inc. earnings: 4/23 04:30 pm
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Source: GlobeNewswire
EFFINGHAM, Ill., Dec. 01, 2025 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (Nasdaq: MSBI) today announced that its wholly owned subsidiary, Midland States Bank (“the Company”), has sold substantially all of its equipment finance portfolio to an affiliate of North Mill Equipment Finance LLC (“NMEF”). The transaction closed on November 28, 2025. NMEF acquired the portfolio for $502 million in cash, subject to adjustment. As of October 31, 2025, the equipment finance portfolio consisted of approximately $599 million in loans and leases outstanding — or $565 million net of the allowance for credit losses — and $21 million of operating leases included in other assets. The transaction excludes approximately $75 million of loans and leases that will be retained by the Company, and as such, total loans and leases will be reduced by approximately $545 million as compared to October 31, 2025. The Company expects to recognize a pre-tax loss on sale, including transaction-related expense
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News
- Midland States Bancorp (NASDAQ:MSBI) had its "neutral" rating reaffirmed by analysts at Piper Sandler.MarketBeat
- Midland States Bancorp Announces Sale of Substantially All of Its Equipment Finance Portfolio to North Mill Equipment Finance [Yahoo! Finance]Yahoo! Finance
- Midland States Bancorp (NASDAQ:MSBI) had its "sell (d+)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Midland States Bancorp (NASDAQ:MSBI) had its "sell (d)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Midland States Bancorp (NASDAQ:MSBI) was downgraded by analysts at Zacks Research from a "hold" rating to a "strong sell" rating.MarketBeat
MSBI
Earnings
- 10/30/25 - Miss
MSBI
Sec Filings
- 12/4/25 - Form 4
- 12/4/25 - Form 4
- 12/4/25 - Form 4/A
- MSBI's page on the SEC website