Banking & Depository

Midland States Bancorp, Inc. CEO pay

Jeffrey G. Ludwig, President and Chief Executive Officer of the Company and Chief Executive Officer of the Bank. Fiscal year 2025, as reported to the SEC.

Total compensation

$1.5M

$1,532,241 for fiscal 2025: the Summary Compensation Table total, with stock and option awards at their grant-date value.

Definitive proxy statement, filed 2026-03-23SEC accession number 0001104659-26-033298

In context

The median chief executive among 245 Banking & Depository companies was paid $1.3M. The middle half ranged from $650K to $2.8M.

Jeffrey G. Ludwig's total is above that median.

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Source: Midland States Bancorp, Inc.'s definitive proxy statement (SEC Form DEF 14A), Summary Compensation Table, fiscal year 2025. Figures are as reported by the company and are not adjusted or estimated. Context figures are from CEOSalary's snapshot of SEC filings as of 2026-10-28. Not financial, legal or compensation-consulting advice.