Investor Presentaiton

39 Capital Ratios and Strategy Capital Strategy • Capital initiatives increased CET1 to 8.40% from 7.77% at 12/31/22 with limited buybacks below TBV Internal capital generated from strong profitability and slower balance sheet growth expected to raise TCE ratio to 7.00%-7.75% by the end of 2024 • Capital actions and strong profitability expected to enable MSBI to raise capital ratios while maintaining current dividend payout 6.55% Capital Ratios (as of December 31, 2023) 11.44% 11.44% 10.91% 10.18% 9.71% 8.40% 13.20% 12.40% TCE/TA Common Eq. Tier 1 Tier 1 Leverage Tier 1 RBC Total RBC Consolidated Bank Level Midland ◉ States Bancorp, Inc.

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