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Investor Presentaiton

Overview of 4Q23 26 Notes: (1) • Net income and level of returns increased from the prior quarter Strong Financial Performance • • • Net income available to common shareholders of $18.5 million, or $0.84 diluted EPS Pre-tax, pre-provision earnings of $35.9 million (1) ROAA of 1.04% and ROTCE of 15.41% Increase in Capital Ratios and TBV • Strong financial performance and prudent balance sheet management resulted in increases in all capital ratios • CET1 ratio increased 33bps to 8.40% . Tangible book value per share increased 7.8% during fourth quarter Continued Success in Developing Full Banking Relationships with Attractive Commercial Clients • • Selective approach to new loan production in current environment with focus on clients that provide full banking relationships New commercial loans partially offset continued runoff in GreenSky portfolio and the intentional reduction in equipment finance loans New and expanded client relationships resulting in inflows of commercial deposits and improving overall deposit mix as balances of higher cost time deposits are reduced Positive Trends in Key Metrics • Net interest margin increased to 3.21% . • Efficiency ratio improved from the prior quarter Wealth management AUA and fees increased from prior quarter Represents a non-GAAP financial measure. See "Non-GAAP Reconciliation" in the appendix. Midland ◉ States Bancorp, Inc.
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