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 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - |
| Cost of Revenue | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - |
| Total Operating Expenses | - | - | - | - | - | - |
| D&A | $4.89M | $4.99M | $4.78M | $4.84M | $5.51M | $6.94M |
| Operating Income | ($114.87M) | $46.90M | $107.57M | $129.84M | $32.01M | $32.01M |
| Interest Expense | - | - | $168.28M | $56.02M | $30.14M | $45.75M |
| Income Tax | $9.41M | $8.86M | $32.11M | $30.81M | $17.80M | $9.48M |
| Net Income | ($124.28M) | $38.04M | $75.46M | $99.03M | $81.32M | $22.54M |
| EPS - Basic | ($6.12) | $1.32 | $2.97 | $4.24 | $3.58 | $0.95 |
| EPS - Diluted | ($6.12) | $1.32 | $2.97 | $4.23 | $3.57 | $0.95 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $127.81M | $114.77M | $135.06M | $150.32M | $680.37M | $341.64M |
| Accounts Receivable | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - |
| Total Assets | $6.51B | $7.51B | $7.87B | $7.86B | $7.44B | $6.87B |
| Current Liabilities | - | - | - | - | - | - |
| Long-term Debt | - | - | - | - | - | - |
| Total Liabilities | $5.95B | $6.80B | $7.08B | $7.10B | $6.78B | $6.25B |
| Stockholders' Equity | $565.50M | $710.85M | $791.85M | $758.57M | $663.84M | $621.39M |
| Retained Earnings | $86.83M | $247.70M | $322.38M | $282.40M | $212.47M | $156.33M |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $125.68M | $176.55M | $154.64M | $236.75M | $334.44M | $499.15M |
| Investing Cash Flow | $748.90M | $136.71M | ($76.08M) | ($1.10B) | ($478.50M) | ($1.31B) |
| Financing Cash Flow | ($861.54M) | ($333.55M) | ($104.13M) | $332.08M | $482.79M | $760.42M |
| CapEx | $5.35M | $6.90M | $8.73M | $3.47M | $2.72M | $2.59M |
| Free Cash Flow | $120.33M | $169.65M | $145.91M | $233.28M | $331.72M | $496.56M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | - | - | - |
| Operating margin | - | - | - | - | - | - |
| EBITDA margin | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - |
| Free cash flow margin | - | - | - | - | - | - |
| FCF / Net income | -0.97 | 4.46 | 1.93 | 2.36 | 4.08 | 22.03 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - |
| Effective tax rate | - | 18.9% | 29.9% | 23.7% | 18.0% | 29.6% |
| Return on assets | -1.9% | 0.5% | 1.0% | 1.3% | 1.1% | 0.3% |
| Return on equity | -22.0% | 5.4% | 9.5% | 13.1% | 12.2% | 3.6% |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - |
| Leverage | ||||||
| Debt / Equity | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | - | - | 0.6x | 2.3x | 1.1x | 0.7x |
| Equity multiplier | 11.52 | 10.56 | 9.93 | 10.36 | 11.21 | 11.05 |
| Liabilities / Assets | 0.91 | 0.91 | 0.90 | 0.90 | 0.91 | 0.91 |
| Efficiency | ||||||
| Asset turnover | - | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | - | 18.5x | 9.3x | 6.3x | 6.9x | 18.8x |
| P / B | 0.8x | 0.7x | 0.8x | 0.8x | 0.8x | 0.7x |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | 8.0x | 4.2x | 3.3x | -3.2x | 1.9x |
| Growth | ||||||
| Revenue growth (YoY) | - | - | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - |
| Operating income growth (YoY) | - | -56.4% | -17.1% | 305.6% | 0.0% | -55.8% |
| Net income growth (YoY) | - | -49.6% | -23.8% | 21.8% | 260.8% | -59.6% |
| EPS growth (YoY) | - | -55.6% | -29.8% | 18.5% | 275.8% | -58.0% |
| EPS CAGR (3y) | - | -28.2% | 46.2% | 23.2% | 29.1% | 3.0% |
| EPS CAGR (5y) | - | -10.2% | 12.3% | 37.2% | 10.5% | - |
| FCF growth (YoY) | -29.1% | 16.3% | -37.5% | -29.7% | -33.2% | 336.1% |
| FCF CAGR (5y) | -24.7% | 8.3% | 10.2% | 64.6% | 69.8% | - |
| Book value growth (YoY) | -20.4% | -10.2% | 4.4% | 14.3% | 6.8% | -6.1% |
Stability scores
Piotroski F-score
FY 2025 · 9-point quality
3/9
Weak
- ✗Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- -Long-term debt decreased
- -Current ratio improved
- ✓No share dilution
- -Gross margin improved
- -Asset turnover improved
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 |