Midland States Bancorp, Inc. (MSBI) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Low Risk
Limited dilution potential
Last updated: May 05, 2026

Risk Assessment Details

Potential Dilution: 5.54% of current shares
Recent Dilution: 0.87% (2 years)
Historical Dilution Factor: minimal recent dilution
Outstanding Shares
21M
Potential Supply
1.2M
Additional shares possible
Splits
None
Past 2 years

Summary

MSBI currently has 21.3M outstanding shares. with limited dilution risk as only 1.18M additional shares (5.5%) are authorized for issuance. The company has minimally diluted shareholders by 0.87% over the past 2 years.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 05, 2026

8-K filing: Midland States Bancorp, Inc. announced that its board of directors has approved an amendment to the current stock repurchase program, increasing the authorized repurchase amount from $25 million to $45 million and extending the expiration date to December 31, 2026. To date, the Company has repurchased 923,837 shares of its common stock at an average price of $21.46 for a total investment of $19.8 million. ($19.8M proceeds)

21M 1.2M
Apr 30, 2026

10-Q filing | 21.3M shares outstanding

21M 1.2M
Nov 06, 2025

10-Q filing | 21.9M shares outstanding

22M 620K
Sep 08, 2025

10-Q filing | 21.8M shares outstanding

22M 660K
Aug 08, 2025

10-Q filing | 21.8M shares outstanding

22M 690K
Jul 01, 2025

10-K filing | 21.7M shares outstanding

22M 750K
Nov 06, 2024

10-Q filing | 21.7M shares outstanding

22M 810K
Aug 08, 2024

10-Q filing | 21.7M shares outstanding

22M 750K
May 09, 2024

10-Q filing | 21.8M shares outstanding

22M 710K
Feb 23, 2024

10-K filing | 22.1M shares outstanding

22M 370K
Nov 02, 2023

10-Q filing | 22.0M shares outstanding

22M 510K
Aug 03, 2023

10-Q filing | 22.2M shares outstanding

22M 280K
May 04, 2023

10-Q filing | 22.5M shares outstanding

22M 2.6K
Feb 24, 2023

10-K filing | 22.3M shares outstanding

22M 140K
Nov 03, 2022

10-Q filing | 22.3M shares outstanding

22M 140K
Aug 24, 2022

8-K filing: Midland States Bancorp, Inc. completed an offering of 4,600,000 depositary shares, each representing a 1/40th ownership interest in a share of the Company's 7.750% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A.

22M 180K
Aug 23, 2022

8-K filing: Midland States Bancorp, Inc. entered into an Underwriting Agreement for the offer and sale of 4,600,000 depositary shares, each representing a 1/40th interest in a share of 7.750% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A.

22M 180K
Aug 18, 2022

8-K filing: Midland States Bancorp, Inc. announced the pricing of its underwritten public offering of 4,600,000 depositary shares, each representing a 1/40th ownership interest in a share of the Company's 7.75% Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A.

22M 180K
Aug 04, 2022

10-Q filing | 22.3M shares outstanding

22M 180K
May 05, 2022

10-Q filing | 22.3M shares outstanding

22M 210K
Apr 19, 2022

S-3 filing: Midland States Bancorp is filing an S-3 to register the offering of common stock, non-voting common stock, preferred stock, depositary shares, debt securities, warrants and units, either individually or in combination, with an aggregate offering price of up to $250,000,000.

22M 0
Feb 25, 2022

10-K filing | 22.5M shares outstanding

22M 0
Nov 04, 2021

10-Q filing | 22.5M shares outstanding

23M 0
Aug 05, 2021

10-Q filing | 22.6M shares outstanding

23M 0
May 06, 2021

10-Q filing | 22.5M shares outstanding

23M 0
Feb 26, 2021

10-K filing | 23.3M shares outstanding

23M 0
Nov 05, 2020

10-Q filing | 22.9M shares outstanding

23M 0
Aug 06, 2020

10-Q filing | 23.3M shares outstanding

23M 0
Apr 30, 2020

10-Q filing | 24.4M shares outstanding

24M 0
Feb 28, 2020

10-K filing | 24.5M shares outstanding

24M 0
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