MSBI · Midland States Bancorp, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $1.22M | - | $1.22M | $1.22M | $1.24M | - | $1.20M | $1.20M | $1.23M | - |
| Operating Income | $24.11M | - | $11.31M | $14.87M | ($137.80M) | - | $22.56M | $8.43M | $18.24M | - |
| Interest Expense | - | - | - | - | - | - | - | - | $45.76M | - |
| Income Tax | $5.65M | - | $3.76M | $2.84M | $3.17M | - | $4.08M | $1.68M | $4.36M | - |
| Net Income | $18.46M | - | $7.56M | $12.02M | ($140.97M) | - | $18.48M | $6.75M | $13.88M | - |
| EPS - Basic | $0.74 | - | $0.24 | $0.44 | ($6.58) | - | $0.74 | $0.20 | $0.53 | - |
| EPS - Diluted | $0.74 | - | $0.24 | $0.44 | ($6.58) | - | $0.74 | $0.20 | $0.53 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $113.66M | $127.81M | $166.15M | $176.59M | $102.01M | $114.77M | $121.87M | $124.65M | $167.32M | $135.06M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - | - | - | - | - |
| Total Assets | $6.55B | $6.51B | $6.91B | $7.11B | $7.28B | $7.51B | $7.75B | $7.76B | $7.83B | $7.87B |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $5.99B | $5.95B | $6.33B | $6.53B | $6.71B | $6.80B | $6.93B | $6.97B | $7.04B | $7.08B |
| Stockholders' Equity | $558.95M | $565.50M | $584.00M | $573.71M | $571.44M | $710.85M | $818.26M | $785.77M | $791.01M | $791.85M |
| Retained Earnings | $96.17M | $86.83M | $99.04M | $100.72M | $97.71M | $247.70M | $334.52M | $325.02M | $327.26M | $322.38M |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $16.97M | - | - | - | $24.70M | - | - | - | $26.92M | - |
| Investing Cash Flow | ($68.35M) | - | - | - | $39.47M | - | - | - | $43.07M | - |
| Financing Cash Flow | $37.23M | - | - | - | ($76.92M) | - | - | - | ($37.73M) | - |
| CapEx | $619.0K | - | - | - | $1.85M | - | - | - | $527.0K | - |
| Free Cash Flow | $16.35M | - | - | - | $22.85M | - | - | - | $26.39M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | - | - | - | - | - | - | - | - | - | - |
| EBITDA margin | - | - | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | 0.89 | - | - | - | -0.16 | - | - | - | 1.90 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - | - | - | - | - |
| Effective tax rate | 23.4% | - | 33.2% | 19.1% | - | - | 18.1% | 19.9% | 23.9% | - |
| Return on assets | 0.3% | - | 0.1% | 0.2% | -1.9% | - | 0.2% | 0.1% | 0.2% | - |
| Return on equity | 3.3% | - | 1.3% | 2.1% | -24.7% | - | 2.3% | 0.9% | 1.8% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | - | - | - | - | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - | - | - | - | - |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | 0.4x | - |
| Equity multiplier | 11.71 | 11.52 | 11.83 | 12.39 | 12.75 | 10.56 | 9.47 | 9.87 | 9.90 | 9.93 |
| Liabilities / Assets | 0.91 | 0.91 | 0.92 | 0.92 | 0.92 | 0.91 | 0.89 | 0.90 | 0.90 | 0.90 |
| Efficiency | ||||||||||
| Asset turnover | - | - | - | - | - | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 30.1x | - | 71.4x | 39.4x | - | - | 30.2x | 113.2x | 47.4x | - |
| P / B | 0.9x | - | 0.6x | 0.7x | 0.7x | - | 0.6x | 0.6x | 0.7x | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | 14.3x | - | 16.6x | 12.5x | - | - | 15.3x | 38.2x | 19.5x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | - | - | -49.8% | 76.4% | - | - | -23.7% | -70.8% | -36.4% | - |
| Net income growth (YoY) | - | - | -59.1% | 78.1% | - | - | 2.4% | -68.7% | -36.2% | - |
| EPS growth (YoY) | - | - | -67.6% | 120.0% | - | - | 4.2% | -76.7% | -38.4% | - |
| EPS CAGR (3y) | -4.9% | - | -38.7% | -23.2% | - | - | -4.9% | -39.0% | -13.2% | - |
| EPS CAGR (5y) | -1.8% | - | - | -3.7% | - | - | 7.7% | -21.5% | -1.4% | - |
| FCF growth (YoY) | -28.5% | - | - | - | -13.4% | - | - | - | 99.6% | - |
| FCF CAGR (5y) | -36.5% | - | - | - | 9.1% | - | - | - | -1.7% | - |
| Book value growth (YoY) | -2.2% | -20.4% | -28.6% | -27.0% | -27.8% | -10.2% | 7.1% | 1.2% | 2.0% | 4.4% |
Peer comparison
Same SIC group: State Commercial Banks
Comparing Midland States Bancorp against the 5 most active filers in the same SIC group.
Dividends
$1.28/share trailing 12 months · +3.2% YoY
| Ex-date | Per share |
|---|---|
| May 15, 2026 | $0.3200 |
| Feb 13, 2026 | $0.3200 |
| Nov 14, 2025 | $0.3200 |
| Aug 15, 2025 | $0.3200 |
| May 16, 2025 | $0.3100 |
| Feb 14, 2025 | $0.3100 |
| Nov 18, 2024 | $0.3100 |
| Aug 16, 2024 | $0.3100 |
| May 16, 2024 | $0.3100 |
| Feb 15, 2024 | $0.3100 |
| Nov 16, 2023 | $0.3000 |
| Aug 10, 2023 | $0.3000 |
| May 11, 2023 | $0.3000 |
| Feb 16, 2023 | $0.3000 |
| Nov 10, 2022 | $0.2900 |
| Aug 18, 2022 | $0.2900 |
| May 12, 2022 | $0.2900 |
| Feb 10, 2022 | $0.2900 |
| Nov 19, 2021 | $0.2800 |
| Aug 12, 2021 | $0.2800 |
| May 13, 2021 | $0.2800 |
| Feb 11, 2021 | $0.2800 |
| Nov 19, 2020 | $0.2680 |
| Aug 13, 2020 | $0.2680 |