Midland States Bancorp Inc. $(MSBI)$ has received a deficiency notification from Nasdaq due to delayed filings of its Annual Report on Form 10-K for the year ended December 31, 2024, and its Quarterly Report on Form 10-Q for the quarter ended March 31, 2025. The delay is attributed to ongoing evaluations of third-party lending arrangements and potential goodwill impairment. The company has until June 2, 2025, to submit a compliance plan to Nasdaq, with a possible extension until September 29, 2025. The notification does not currently affect the trading of its shares on Nasdaq.
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