Home / Restatements / Midland States Bancorp, Inc.
Filed 2025-04-25 路 Form 8-K 路 Accession 0001104659-25-039515 small
Price before filing: $15.34 (2025-04-24 close, split/dividend-adjusted)
Market cap at flag: $362.4M (2025-04-25) 路 Latest: $679.0M (2026-10-16)
| Window | MSBI | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | +2.5% | +8.1% | -5.6% | 2025-05-27 |
| 90 days | +9.0% | +16.4% | -7.4% | 2025-07-24 |
| 180 days | +1.6% | +22.9% | -21.3% | 2025-10-22 |
Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.
"(the " Company "), after discussion with management and the Company's independent registered public accounting firm, Crowe LLP, concluded that the Company's audited consolidated financial statements as of December 31, 2023 and 2022 and for each year in the three year period ended December 31, 2023, and its unaudited consolidated financial statements as of and for the interim periods ended March 31, 2024 and 2023,..."
Quoted from the filing. Source
The company says previously issued financial statements should no longer be relied upon (8-K Item 4.02). This is one of the most serious accounting red flags: past reported numbers were wrong and will be restated.
Why this score: also within 90 days: Late quarterly report (NT 10-Q)
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
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