Midland States Bancorp, Inc. MSBI R2K

Financial Services · Banks - Regional · United States

https://www.midlandsb.com

Midland States Bancorp, Inc. operates as a financial holding company for Midland States Bank that provides various banking products and services to individuals, businesses, municipalities, and other entities. It operates in Banking and Wealth Management segments. The company offers commercial loans; commercial real estate loans that include various property types, such as owner-occupied offices, warehouses and production facilities, office buildings, hotels, mixed-use residential and commercial facilities, retail centers, multifamily properties, assisted living facilities, and farmland; construction and land development loans, including loans to small and midsized businesses to construct owner-user properties, loans to developers of commercial real estate investment properties and residential developments, and loans to individual clients for construction of single family homes; and residential real estate loans comprising first and second mortgage loans, and home equity lines of credit. It also provides commercial equipment leasing; depository products consisting of checking, savings, money market, certificates of deposits, and sweep accounts; and trust and wealth management products and services, such as financial and estate planning, trustee and custodial services, investment management, tax and insurance planning, business planning, corporate retirement plan consulting and administration, and retail brokerage services. The company was founded in 1881 and is headquartered in Effingham, Illinois.

Market & Price

Market Cap

$576.29M

Current Price

$27.80

High / Low (52W)

$28.14 / $13.98

Beta

0.65

Valuation

Stock P/E

23.17

Industry PE

12.01

Forward P/E

8.88

PEG Ratio

1.41

Book Value

$21.54

Price to Book

1.29

P/S

2.10

EV/EBITDA

Dividend Yield

4.59%

Profitability & Returns

ROCE

ROE

6.22%

ROA

0.51%

Profit Margin

12.81%

Op Margin

34.02%

EPS (Latest Qtr)

$0.74

EPS (TTM)

$1.20

Balance Sheet & Liquidity

Debt/Equity

Quick Ratio

Current Ratio

Debt

$482.63M

Total Assets

$6.51B

Current Assets

Working Capital

Ownership

Promoter Holding

8.22%

Chg in Prom Hold

FII / Inst Holding

69.07%

Chg in FII Hold

Financial Snapshot

Enterprise Value

$1.05B

Total Revenue (TTM)

$274.47M

EBITDA

Free Cash Flow

Operating Cash Flow

$117.95M

Shares Outstanding

20.73M

Gross Margin

0.00%

Payout Ratio

105.83%

Growth (CAGR)

Revenue 5Y

-8.62%

Profit 5Y

-74.66%

Revenue (YoY)

14.30%

Earnings (YoY)

PROS

Attractive dividend yield of 4.59%.
In a confirmed uptrend (50-DMA above 200-DMA).

CONS

Revenue declined at -8.6% CAGR over 5 years.
Earnings shrank at -74.7% CAGR over 5 years.

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Financial Services).

#	Name	CMP $	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	MSBI Midland States Bancorp, Inc. R2K	27.80	23.17	$576.29M	4.59%	-	6.22%	-8.62%	-74.66%
2	JPM JPMorgan Chase & Co. SPX	299.31	14.33	$802.00B	2.00%	-	16.47%	12.50%	14.83%
3	V Visa Inc. SPX	326.36	28.48	$620.65B	0.82%	38.38%	60.35%	10.92%	10.28%
4	MA Mastercard Incorporated SPX	493.98	28.57	$436.47B	0.70%	61.47%	-	13.82%	14.66%
5	MS Morgan Stanley SPX	208.00	18.84	$328.08B	1.92%	-	16.39%	9.52%	15.20%
6	GS The Goldman Sachs Group, Inc. SPX	1,025.56	18.73	$302.55B	1.76%	-	14.55%	7.16%	15.11%
7	WFC Wells Fargo & Company SPX	77.54	11.98	$237.29B	2.32%	-	12.03%	4.02%	15.98%
8	BLK BlackRock, Inc. SPX	1,046.88	26.32	$162.51B	2.19%	4.89%	11.90%	10.65%	2.36%
9	SCHW The Charles Schwab Corporation SPX	87.35	17.37	$151.91B	1.47%	-	19.08%	4.83%	7.21%

Quarterly Results

Figures in USD.

Metric	Jun 2015	Sep 2015	Dec 2015	Mar 2016	Jun 2016	Sep 2016	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Mar 2022	Jun 2022	Sep 2022	Mar 2023	Jun 2023	Sep 2023	Mar 2024	Jun 2024	Sep 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	73.97M	78.85M	78.14M	59.40M	75.12M
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	41.06M	39.23M	37.38M	33.39M	28.61M
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-137.80M	14.87M	11.31M	-3.25M	24.11M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3.17M	2.84M	3.76M	-360.00K	5.65M
Net Income	6.65M	3.44M	7.70M	5.12M	6.79M	8.05M	11.58M	8.49M	3.54M	2.04M	-	1.81M	12.78M	8.50M	-	13.98M	16.36M	12.65M	12.79M	1.55M	12.57M	86.00K	8.33M	18.54M	20.12M	19.55M	20.75M	21.88M	23.52M	15.82M	16.54M	8.69M	22.66M	25.72M	20.43M	-140.97M	12.02M	7.56M	-2.89M	18.46M
Diluted EPS	0.55	0.28	0.63	0.42	0.50	0.51	0.72	0.52	0.20	0.10	0.10	0.08	0.52	0.35	0.67	0.57	0.67	0.51	0.51	0.06	0.53	0.00	0.36	0.81	0.88	0.86	0.92	0.97	1.04	0.86	0.86	0.41	0.92	1.06	0.83	0.57	0.44	0.24	-0.24	0.74

Profit & Loss (Annual)

Figures in USD.

Metric	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Revenue	-	-	-	-	-	-	-	-	380.49M	340.22M	356.27M	290.36M
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-	-	-	-	-	-	-
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-
Operating Income	-	-	-	-	-	-	-	-	-	-	-	-
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-
Interest Expense	-	-	-	-	-	-	-	-	56.02M	168.28M	189.78M	151.06M
Pretax Income	-	-	-	-	-	-	-	-	131.39M	87.96M	46.90M	-114.87M
Tax Provision	-	-	-	-	-	-	-	-	31.15M	26.81M	8.86M	9.41M
Net Income	10.82M	24.32M	31.54M	16.06M	39.42M	55.78M	22.54M	-	100.24M	61.16M	38.04M	-124.28M
Diluted EPS	0.53	2.00	2.17	0.87	1.66	2.26	0.95	-	4.28	2.33	-1.05	1.01

Compounded Sales Growth

5 Years:	-8.62%
1 Year:	14.30%

Compounded Profit Growth

5 Years:	-74.66%
1 Year:	-

Stock Price Performance

1 Year:	+75.56%
6 Months:	+75.12%
3 Months:	+27.13%
1 Month:	+9.85%

Balance Sheet (Annual)

Figures in USD.

Metric	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Dec 2025
Total Assets	-	2.68B	2.88B	3.23B	4.41B	5.64B	6.09B	6.87B	-	7.86B	7.86B	7.96B	7.89B	7.79B	7.76B	7.71B	7.70B	7.51B	6.51B
Current Assets	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash & Equivalents	86.72M	159.90M	212.47M	190.72M	215.20M	213.70M	394.50M	341.64M	-	153.34M	-	-	-	134.21M	-	-	-	114.06M	127.28M
Inventory	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Receivables	-	-	-	-	-	-	-	-	-	20.31M	-	-	-	34.13M	-	-	-	25.33M	23.82M
Total Liabilities	-	-	2.65B	2.91B	3.96B	5.03B	5.43B	6.25B	-	7.10B	-	-	7.21B	7.07B	7.04B	6.97B	6.93B	6.80B	5.95B
Current Liabilities	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long Term Debt	-	-	-	-	-	-	-	-	-	459.77M	-	-	-	403.55M	-	-	-	335.75M	320.02M
Total Debt	-	-	-	-	-	-	-	-	-	602.08M	-	-	-	604.41M	-	-	-	423.25M	380.20M
Total Equity	-	219.46M	232.88M	321.77M	449.55M	608.52M	661.91M	621.39M	-	758.57M	707.26M	703.40M	681.47M	715.11M	723.04M	736.78M	771.22M	710.85M	565.50M
Shares Outstanding	-	-	-	-	-	-	-	-	-	22.21M	-	-	-	21.55M	-	-	-	21.49M	21.17M

Cash Flows (Annual)

Figures in USD.

Metric	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Operating Cash Flow	-	73.32M	24.13M	70.45M	97.09M	538.65M	499.15M	-	285.82M	153.36M	176.55M	125.68M
Investing Cash Flow	-	-229.51M	-359.06M	-234.61M	-6.69M	-364.79M	-1.31B	-	-1.14B	-74.80M	136.71M	748.90M
Financing Cash Flow	-	208.76M	313.18M	188.64M	-91.90M	6.94M	760.42M	-	332.08M	-104.13M	-333.55M	-861.54M
Capital Expenditure	-2.92M	-6.12M	-2.18M	-6.18M	-7.20M	-5.54M	-2.59M	-	-3.47M	-8.73M	-6.90M	-5.35M
Free Cash Flow	-	67.20M	21.95M	64.27M	89.89M	533.12M	496.56M	-	282.35M	144.63M	169.65M	120.33M
Net Change in Cash	-	-	-	-	-	-	-	-	-519.74M	-25.57M	-20.30M	13.04M
Share Buybacks	-	-	-	-	0	4.02M	39.62M	11.69M	1.11M	17.90M	5.47M	9.66M

Ratios (Annual)

Figures in %.

Metric	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Gross Margin %	-	-	-	-	-	-	-	-	-	-	-	-
Operating Margin %	-	-	-	-	-	-	-	-	-	-	-	-
Net Margin %	-	-	-	-	-	-	-	-	26.3%	18.0%	10.7%	-42.8%
ROE %	4.9%	10.4%	9.8%	3.6%	6.5%	8.4%	3.6%	-	13.2%	8.6%	5.4%	-22.0%
ROCE %	-	-	-	-	-	-	-	-	-	-	-	-

Shareholding Pattern

Insiders

8.22%

Institutions

69.07%

Public Float

75.25%

Top Institutional Holders

#	Holder	% Held	Shares	Value
1	Blackrock Inc.	13.78%	2.86M	$79.39M
2	Vanguard Capital Management LLC	4.35%	901.39K	$25.06M
3	Dimensional Fund Advisors LP	4.30%	890.80K	$24.76M
4	State Street Corporation	3.69%	765.92K	$21.29M
5	Busey Bank	3.66%	759.29K	$21.11M
6	American Century Companies Inc	2.83%	586.16K	$16.30M
7	Hotchkis & Wiley Capital Management, LLC	2.61%	540.36K	$15.02M
8	Geode Capital Management, LLC	2.58%	533.96K	$14.84M
9	Patriot Financial Partners Gp II, L.P.	2.12%	438.50K	$12.19M
10	AQR Capital Management, LLC	1.91%	396.26K	$11.02M

Analyst View

Loading analyst coverage…

Latest News

Recent headlines for MSBI

No recent headlines available.

MSBI · Financial Services