Dimensional Fund Advisors Lp ownership in MSBI / Midland States Bancorp, Inc.

Midland States Bancorp, Inc.

US ˙ NasdaqGS ˙ US5977421057

Security	MSBI / Midland States Bancorp, Inc.
Institution	Dimensional Fund Advisors Lp
Latest Disclosed Ownership	1,050,822 shares
Ownership	4.90%

2026-01-21 - Dimensional Fund Advisors Lp has filed an SCHEDULE 13G/A form with the Securities and Exchange Commission (SEC) disclosing ownership of 1,050,822 shares of Midland States Bancorp, Inc. (US:MSBI). This represents 4.9 percent ownership of the company. In their previous filing dated 2024-02-09 , Dimensional Fund Advisors Lp had reported owning 1,371,940 shares, indicating a decrease of -23.41 percent.

Institutional Ownership: 13D/G Filings

This table shows a history of the 13D/G filings made by the investor and/or investor group. Note that the share values in this table are not directly comparable to any numbers shown in the 13F table (if any).

File Date	Effective Date	Form	Prev Shares	Latest Shares	ΔShares (Percent)	Ownership (Percent)	ΔOwnership (Percent)
2026-01-21	2026-01-21	13G/A	1,371,940	1,050,822	-23.41	4.90	-23.44
2024-02-09	2024-02-09	13G/A	1,263,058	1,371,940	8.62	6.40	12.28
2023-02-10	2023-02-10	13G		1,263,058		5.70

Important Note: One of the primary uses of the 13D/G filings is to evaluate the ability of a firm to control a company (ie, the "beneficial ownership"). To that end, firms are required to report not just direct holdings in companies, but indirect holdings that they control. For investment firms, these indirect holdings can include shares in funds they manage, advisory accounts, and in the case of activist campaigns, pledged votes. Therefore, share counts listed in 13D/G filings can differ significantly than share counts listed in 13F filings.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)

File Date	Effective Date	Form	Security	Class	ID	Reported Shares	ΔShares	ΔShares (%)	Reported Value (x1000)	ΔValue (%)	Alloc (%)
2026-05-07	2026-03-31	13F	MIDLAND STATES BANCORP	COM	597742105	890,800	-160,022	-15.23	19,873	-10.66	0.0009
2026-02-12	2025-12-31	13F	MIDLAND STATES BANCORP	COM	597742105	1,050,822	-142,456	-11.94	22,246	8.77	0.0047
2025-11-12	2025-09-30	13F	MIDLAND STATES BANCORP	COM	597742105	1,193,278	-40,565	-3.29	20,453	-4.30	0.0044
2025-08-12	2025-06-30	13F	MIDLAND STATES BANCORP	COM	597742105	1,233,843	-35,028	-2.76	21,371	-1.62	0.0049
2025-05-13	2025-03-31	13F	MIDLAND STATES BANCORP	COM	597742105	1,268,871	-52,121	-3.95	21,723	-32.60	0.0054
2025-02-13	2024-12-31	13F	MIDLAND STATES BANCORP	COM	597742105	1,320,992	-22,035	-1.64	32,232	7.24	0.0077
2024-11-07	2024-09-30	13F	MIDLAND STATES BANCORP	COM	597742105	1,343,027	-27,190	-1.98	30,057	-3.15	0.0073
2024-08-09	2024-06-30	13F	MIDLAND STATES BANCORP	COM	597742105	1,370,217	-23,925	-1.72	31,035	-11.42	0.0081
2024-05-10	2024-03-31	13F	MIDLAND STATES BANCORP	COM	597742105	1,394,142	22,202	1.62	35,035	-7.34	0.0095
2024-02-07	2023-12-31	13F	MIDLAND STATES BANCORP	COM	597742105	1,371,940	37,813	2.83	37,811	37.98	0.0110
2023-11-09	2023-09-30	13F	MIDLAND STATES BANCORP	COM	597742105	1,334,127	9,973	0.75	27,403	3.94	0.0090
2023-08-09	2023-06-30	13F	MIDLAND STATES BANCORP	COM	597742105	1,324,154	-5,639	-0.42	26,364	-7.44	0.0084
2023-05-12	2023-03-31	13F	MIDLAND STATES BANCORP	COM	597742105	1,329,793	66,735	5.28	28,484	86,215.15	0.0096
2023-02-09	2022-12-31	13F	MIDLAND STATES BANCORP	COM	597742105	1,263,058	41,436	3.39	34	-99.89	0.0099
2022-11-10	2022-09-30	13F	MIDLAND STATES BANCORP	COM	597742105	1,221,622	51,223	4.38	28,794	2.34	0.0111
2022-08-12	2022-06-30	13F	MIDLAND STS BANCORP INC ILL	COM	597742105	1,170,399	103,362	9.69	28,136	-8.63	0.0101
2022-05-13	2022-03-31	13F	MIDLAND STS BANCORP INC ILL	COM	597742105	1,067,037	68,066	6.81	30,795	24.35	0.0095
2022-02-09	2021-12-31	13F	MIDLAND STS BANCORP INC ILL	COM	597742105	998,971	-12,365	-1.22	24,765	-0.98	0.0075
2021-11-12	2021-09-30	13F	MIDLAND STS BANCORP INC ILL	COM	597742105	1,011,336	-64,511	-6.00	25,011	-11.50	0.0081
2021-08-12	2021-06-30	13F	MIDLAND STS BANCORP INC ILL	COM	597742105	1,075,847	30,672	2.93	28,262	-2.66	0.0089
2021-05-14	2021-03-31	13F	MIDLAND STS BANCORP INC ILL	COM	597742105	1,045,175	12,347	1.20	29,035	57.31	0.0096
2021-03-08	2020-12-31	13F/A-2	MIDLAND STS BANCORP INC ILL	COM	597742105	1,032,828	3,710	0.36	18,457	39.57	0.0067
2021-02-11	2020-12-31	13F	MIDLAND STS BANCORP INC ILL	COM	597742105	1,032,828	3,710		18,457		6,665.6874
2020-11-12	2020-09-30	13F	MIDLAND STS BANCORP INC ILL	COM	597742105	1,029,118	-9,710	-0.93	13,224	-14.85	0.0056
2020-08-13	2020-06-30	13F	MIDLAND STS BANCORP INC ILL	COM	597742105	1,038,828	65,370	6.72	15,530	-8.78	0.0068
2020-05-14	2020-03-31	13F	MIDLAND STS BANCORP INC ILL	COM	597742105	973,458	79,944	8.95	17,025	-34.21	0.0089
2020-02-14	2019-12-31	13F	MIDLAND STS BANCORP INC ILL	COM	597742105	893,514	83,725	10.34	25,876	22.66	0.0094
2019-11-12	2019-09-30	13F	MIDLAND STS BANCORP INC ILL	COM	597742105	809,789	57,108	7.59	21,095	4.89	0.0082
2019-08-13	2019-06-30	13F	MIDLAND STS BANCORP INC ILL	COM	597742105	752,681	89,393	13.48	20,111	26.02	0.0078
2019-08-12	2019-03-31	13F/A-2	MIDLAND STS BANCORP INC ILL	COM	597742105	663,288	103,454	18.48	15,959	27.60	0.0064
2019-05-10	2019-03-31	13F	MIDLAND STS BANCORP INC ILL	COM	597742105	663,288	103,454		15,959
2019-02-26	2018-12-31	13F/A-1	MIDLAND STS BANCORP INC ILL	COM	597742105	559,834	114,165	25.62	12,507	-12.58	0.0057
2019-02-13	2018-12-31	13F	MIDLAND STS BANCORP INC ILL	COM	597742105	559,834	114,165		12,507
2018-11-13	2018-09-30	13F	MIDLAND STS BANCORP INC ILL	COM	597742105	445,669	102,148	29.74	14,306	21.56	0.0054
2018-08-10	2018-06-30	13F	MIDLAND STS BANCORP INC ILL	COM	597742105	343,521	116,594	51.38	11,769	64.33	0.0047
2018-05-11	2018-03-31	13F	MIDLAND STS BANCORP INC ILL	COM	597742105	226,927	52,882	30.38	7,162	26.69	0.0030
2018-02-12	2017-12-31	13F	MIDLAND STS BANCORP INC ILL	COM	597742105	174,045	71,532	69.78	5,653	74.05	0.0023
2017-11-13	2017-09-30	13F	MIDLAND STS BANCORP INC ILL	COM	597742105	102,513	102,513		3,248		0.0014

Legend

Shares: The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value: The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price: The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class: This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred

Allocation (%): The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation: The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%): The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis: The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss: This is the market value of the position as of the effective date minus the cost basis.