Midland States Bancorp Receives Nasdaq Notice for Failed Quarterly Report Filing

Strategic Insights -

Midland States Bancorp, Inc. (MSBI), a financial services company listed on the Nasdaq Global Select Market, has issued a news release stating that it received a deficiency notification letter from Nasdaq on August 19, 2025. The notice indicated that the company failed to timely file its Quarterly Report on Form 10-Q for the quarter ended June 30, 2025. The company has until October 18, 2025, to submit a plan to regain compliance with Nasdaq's listing rules, with the option to extend the deadline by up to 180 calendar days until February 26, 2026. The company intends to take necessary steps to regain compliance with Nasdaq's listing rules as soon as practicable.

Key Takeaways:

  • Midland States Bancorp, Inc. received a deficiency notification letter from Nasdaq on August 19, 2025, due to its failure to timely file its Quarterly Report on Form 10-Q for the quarter ended June 30, 2025.
  • The company has until October 18, 2025, to submit a plan to regain compliance with Nasdaq's listing rules.
  • Nasdaq may grant an extension of up to 180 calendar days, until February 26, 2026, for the company to regain compliance.
  • The company plans to file the Form 10-Q as soon as practicable.
  • The company's failure to file the quarterly report on time is related to the delay in filing its Annual Report on Form 10-K for the year ended December 31, 2024, and the delay in filing its Quarterly Report on Form 10-Q for the period ended March 31, 2025.

Statistics:

  • Deadline for submitting a plan to regain compliance: October 18, 2025.
  • Authorized extension period: up to 180 calendar days (until February 26, 2026).
  • Number of days since the Form 10-Q was due: approximately 31 days (as of August 19, 2025).

Sources:

  • [Midland States Bancorp, Inc. News Release dated August 19, 2025, as reported on [website or source name]] (https://www.midlandstatesbancorp.com/notice-from-nasdaq/)