Midland States Bancorp, Inc. Reveals Upcoming Retirement of Jeffrey S. Mefford
Retirement Announcement: Jeffrey S. Mefford will retire as President of Midland States Bank and Executive Vice President of Midland States Bancorp on June 30, 2026, after 22 years with the bank, including seven years as President.
Succession Plan: Jeremy A. Jameson will be promoted to Executive Vice President - Chief Banking Officer, overseeing Regional Presidents and commercial lending, as part of the company's succession strategy.
Leadership Acknowledgment: CEO Jeffrey G. Ludwig expressed gratitude for Mefford's contributions to the bank's growth and emphasized the importance of a smooth transition.
Company Overview: Midland States Bancorp, based in Effingham, Illinois, has total assets of approximately $6.91 billion and offers a wide range of banking and financial services.
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Midland States Bancorp (MSBI) Q4 Non-GAAP EPS Misses by $0.11, Revenue Beats by $11.22M
- Earnings Performance: Midland States Bancorp reported a Q4 Non-GAAP EPS of $0.53, missing expectations by $0.11, indicating pressure on profitability that could affect investor confidence.
- Revenue Trends: The company's Q4 revenue was $85.57 million, down 8.9% year-over-year, although it beat expectations by $11.22 million, the ongoing revenue decline may pose challenges for future growth.
- Asset Quality Metrics: The ratio of nonperforming assets to total assets remained stable at 1.02%, consistent with the prior quarter, indicating stable asset quality but still necessitating attention to potential credit loss risks.
- Credit Loss Provisions: The provision for credit losses on loans was $11.8 million in Q4, significantly down from $20.5 million in Q3, reflecting the company's cautious stance on future credit risks, which may help improve capital adequacy.

Midland States Bancorp to Release Q4 2025 Financial Results on January 22
- Earnings Release Schedule: Midland States Bancorp will announce its Q4 2025 financial results after market close on January 22, 2026, which is expected to provide investors with insights into the company's latest financial performance and future outlook.
- Asset Scale Overview: As of September 30, 2025, the company reported total assets of approximately $6.91 billion, reflecting robust growth in the community banking sector and enhancing its competitive position in the market.
- Wealth Management Assets: The company's Wealth Management Group had approximately $4.36 billion in assets under administration, indicating strong performance in wealth management services that helps increase customer loyalty and diversify revenue streams.
- Comprehensive Financial Services: Midland States Bancorp offers a full range of commercial and consumer banking products and services, including merchant credit card services, trust, and investment management, aimed at meeting diverse financial needs and driving business growth.





