Midland States Bancorp, Inc.

MSBI

Midland States Bancorp, Inc.

MSBI

Insider Sentiment (TTM):

Last Purchase:2026-05-05Last Sale:2026-01-28Shares Purchased (TTM):25,498Shares Sold (TTM):2,808

Institutional Sentiment:

As of:2026-03-31Institutional Shares Owned:13,283,509Shares Outstanding:21,301,246Institutional Ownership Pct.:62.36%

Earnings Market Reaction:

Filing Date:2026-07-30Price on Filing Date:N/APrevious Close:N/A% Change:N/A

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Financial Statements

10‑Q10‑K

Values in Millions ($)	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30
Assets
Cash And Due From Banks	298	113	127	166	176	101	114	121	124	166	134	131
Federal Funds Sold	1	1	1	0	1	1	1	1	1	1	1	1
Cash And Cash Equivalents At Carrying Value	299	114	128	166	177	102	115	122	125	167	135	132
Marketable Securities	1,653	1,593	1,523	1,379	1,350	1,364	1,208	1,212	1,095	1,040	916	835
Equity Securities Fv Ni	4	4	4	4	4	4	5	5	5	4	5	4
Financing Receivable Excluding Accrued Interest Be…	4,244	4,339	4,352	4,868	5,035	5,018	5,168	5,749	5,852	5,958	6,104	6,281
Financing Receivable Allowance For Credit Loss Exc…	-63	-68	-69	-101	-93	-105	-111	-151	-155	-161	-159	-67
Financing Receivable Excluding Accrued Interest Af…	4,181	4,271	4,283	4,767	4,943	4,913	5,056	5,663	5,760	5,880	5,944	6,214
Loans Receivable Held For Sale Net Not Part Of Dis…	9	7	8	8	37	288	345	8	6	5	4	6
Property Plant And Equipment Net	83	84	85	86	86	87	86	85	83	82	83	83
Other Real Estate	0	1	1	0	0	4	5	9	8	9	9	0
Interest Receivable	24	26	24	27	25	24	25	27	26	26	34	24
Servicing Asset	11	12	12	16	17	17	18	18	19	20	20	21
Goodwill	8	8	8	8	8	8	162	162	162	162	162	162
Intangible Assets Net Excluding Goodwill	7	8	9	10	10	11	12	13	14	15	16	17
Cash Surrender Value Of Life Insurance	223	221	219	216	214	212	211	209	207	205	203	208
Other Assets	154	158	162	182	192	200	209	178	199	182	200	223
Assets	6,701	6,548	6,513	6,912	7,108	7,285	7,507	7,704	7,708	7,764	7,790	7,969
Liabilities And Stockhold…
Liabilities
Deposits
Noninterest Bearing Deposit Liabilities	1,010	1,014	1,040	1,016	1,074	1,091	1,056	1,051	1,109	1,212	1,145	1,155
Interest Bearing Deposit Liabilities	4,697	4,426	4,384	4,589	4,873	4,846	5,142	5,206	5,010	5,112	5,164	5,250
Deposits	5,707	5,440	5,424	5,605	5,947	5,936	6,197	6,257	6,118	6,324	6,310	6,405
Short Term Borrowings	8	153	60	147	9	40	87	14	7	214	35	18
Advances From Federal Home Loan Banks	258	238	293	373	345	498	258	425	600	255	476	538
Subordinated Debt	27	27	27	27	78	78	78	83	92	94	94	93
Junior Subordinated Debenture Owed To Unconsolidat…	52	52	52	52	52	51	51	51	51	51	51	50
Accrued Liabilities And Other Liabilities	79	78	91	124	104	110	124	104	104	103	110	107
Liabilities	6,131	5,989	5,948	6,328	6,534	6,713	6,796	6,933	6,972	7,041	7,075	7,212
Stockholders Equity Inclu…
Preferred Stock Value	111	111	111	111	111	111	111	111	111	111	111	111
Common Stock Value	0	0	0	0	0	0	0	0	0	0	0	0
Additional Paid In Capital	420	422	428	437	436	435	434	434	433	434	435	438
Retained Earnings Accumulated Deficit	107	96	87	99	101	98	248	335	325	327	246	317
Accumulated Other Comprehensive Income Loss Net Of…	-68	-70	-60	-63	-74	-72	-82	-61	-83	-81	-77	-101
Stockholders Equity	570	559	565	584	574	571	711	771	737	723	715	758
Liabilities And Stockholders Equity	6,701	6,548	6,513	6,912	7,108	7,285	7,507	7,751	7,757	7,832	7,790	7,976
Preferred Stock Par Or Stated Value Per Share	2	2	2	2	2	2	2	2	2	2	2	2
Preferred Stock Shares Authorized	4	4	4	4	4	4	4	4	4	4	4	4
Preferred Stock Shares Issued	0	0	0	0	0	0	0	0	0	0	0	0
Preferred Stock Shares Outstanding	0	0	0	0	0	0	0	0	0	0	0	0
Preferred Stock Liquidation Preference	0	0	0	0	0	0	0	0	0	0	0	0
Common Stock Par Or Stated Value Per Share	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01
Common Stock Shares Authorized	40	40	40	40	40	40	40	40	40	40	40	40
Common Stock Shares Issued	21	21	21	22	22	22	21	21	21	21	22	22
Shares Outstanding	21	21	21	22	22	22	21	21	21	21	22	22

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Earnings Market Reaction

10‑Q10‑K

Fiscal Year	Q1 1 Month	Q1 2 Month	Q1 3 Month	Q2 1 Month	Q2 2 Month	Q2 3 Month	Q3 1 Month	Q3 2 Month	Q3 3 Month	Q4 1 Month	Q4 2 Month	Q4 3 Month
2026	7.50%	14.50%	21.08%	-	-	-	-	-	-	-	-	-
2025	6.80%	1.76%	-1.55%	-7.73%	-19.74%	-9.04%	3.89%	35.45%	46.95%	-4.10%	10.28%	23.34%
2024	-3.28%	-3.57%	2.22%	9.86%	6.62%	14.01%	-2.84%	-11.67%	-27.63%	-0.50%	4.18%	1.31%
2023	-	-	-	-6.75%	-11.80%	-12.18%	4.41%	24.29%	18.68%	-3.26%	-3.34%	-1.98%
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Performance and Valuation Metrics

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Metrics	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30
Leverage & Debt
Interest Coverage TTM	-0.76	-0.80	-1.49	-1.64	-1.58	-1.51	-0.38	0.32	0.87	1.49	1.52	1.84
Per Share Metrics
Diluted EPS TTM	2.04	1.65	-5.69	-6.96	-6.38	-5.76	1.75	3.47	3.05	2.85	2.76	3.99
Free Cash Flow Per Share TTM	5.52	5.34	5.51	8.28	6.72	6.88	7.81	9.28	7.41	7.99	6.54	4.54
Dividend Per Share TTM	1.32	1.30	1.27	1.25	1.24	1.24	1.25	1.24	1.23	1.22	1.20	1.21
Margin Metrics
Gross Profit Margin TTM	64.92%	62.99%	61.05%	59.13%	57.13%	55.93%	55.46%	48.65%	49.13%	49.89%	51.26%	61.95%
Operating Profit Margin TTM	15.89%	12.56%	-29.62%	-37.62%	-33.33%	-28.57%	11.01%	21.26%	21.06%	20.69%	21.09%	31.89%
Net Profit Margin TTM	11.79%	9.39%	-32.04%	-38.02%	-33.91%	-29.91%	8.93%	17.13%	15.26%	14.53%	14.66%	22.48%
Growth Metrics
Net Revenue Growth (1Y)	-11.19%	-10.82%	-8.98%	-8.86%	-5.30%	-1.67%	2.16%	12.65%	18.57%	27.66%	38.22%	43.34%
Net Income Growth (1Y)	-130.89%	-127.99%	-426.68%	-302.29%	-310.44%	-302.42%	-37.79%	-14.15%	-33.64%	-37.98%	-38.24%	-1.84%
EPS Growth (1Y)	-131.98%	-128.64%	-425.16%	-300.55%	-309.58%	-302.22%	-36.69%	-12.99%	-32.20%	-35.98%	-37.61%	-0.19%
Valuation Metrics
P/E TTM	15.11	13.23	-3.59	-2.33	-2.52	-2.71	12.53	5.73	6.51	7.62	8.50	4.34
P/B TTM	1.14	0.83	0.79	0.61	0.61	0.60	0.67	0.56	0.59	0.65	0.73	0.50
P/S TTM	1.78	1.24	1.15	0.89	0.85	0.81	1.12	0.98	0.99	1.11	1.25	0.98
Market Cap	649.83M	465.00M	446.01M	354.41M	351.05M	340.80M	476.66M	431.01M	431.02M	472.92M	520.11M	380.25M
Enterprise Value	358.72M	504.77M	378.38M	335.03M	183.12M	279.02M	449.39M	322.99M	313.59M	520.05M	419.92M	266.11M
Calculated Values
Free Cash Flow TTM	116.36M	113.83M	120.33M	180.94M	146.73M	149.95M	169.65M	201.25M	160.95M	173.95M	144.63M	99.83M
Net Debt	-291.10M	39.77M	-67.63M	-19.38M	-167.93M	-61.78M	-27.27M	-108.02M	-117.44M	47.13M	-100.20M	-114.13M
Per-Share and Margin
EPS TTM
Adjusted EPS TTM
Cash Flow Per Share TTM
Pretax Margin TTM
Stock Comp to Revenue TTM
Turnover Ratios and Averages
Average Assets
Average Equity
Average Inventory
Average Receivables
Average Accounts Payables
Inventory Turnover TTM
Payables Turnover TTM
Days Inventory Outstanding TTM
Days Payables Outstanding TTM
Cash Conversion Cycle TTM
Working Capital to Revenue
Deferred Revenue to Revenue
Growth Rates
Total Assets Growth (1Y)
Total Assets Growth (3Y)
Total Assets Growth (5Y)
Dividends Paid Growth (1Y)
Dividends Paid Growth (3Y)
Dividends Paid Growth (5Y)
EPS Growth (3Y)
EPS Growth (5Y)
Net Income Growth (3Y)
Net Income Growth (5Y)
Net Profit Margin Growth (1Y)
Net Profit Margin Growth (3Y)
Net Profit Margin Growth (5Y)
Net Revenue Growth (3Y)
Net Revenue Growth (5Y)
Deferred Revenue Growth (1Y)
Retained Earnings Growth (1Y)
Credit, Liquidity, Returns, Payout
Cash Ratio
Net Working Capital
Debt to EBITDA TTM
Net Debt to EBITDA TTM
Net Debt to Equity
Altman A
Altman B
Altman C
Altman D
Altman E
Altman Z-Score
ROA TTM
ROE TTM
NOPAT TTM
ROIC TTM
Effective Tax Rate TTM
Payout Ratio TTM
Dilution Ratio
Retained Earnings to Equity
Treasury Stock to Equity
Treasury Stock Change (1Y)
Accrued to Current Liabilities
NCAV
NCAV Per Share TTM
Valuation Ratios
P/CF TTM
PEG Ratio
Dividend Yield TTM
Free Cash Flow Yield TTM
EV EBITDA TTM
EV EBIT TTM
EV Revenue TTM
EV FCF TTM
Stock Compensation TTM
Adjusted Net Income TTM
Billings TTM
Total Debt
Invested Capital

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Insider Transactions

2026-05-05Purchase

Owner: Franklin, Travis

Title: -

Shares: 9,400

Price/Share: $26.49

Value: $249,006.00

Shares Owned: 9,400

Relationship: Director

Ownership: Direct

2026-01-28Sale

Owner: Mooney, Kyle Owen

Title: SVP - Chief Operating Officer

Shares: 2,808

Price/Share: $22.67

Value: $63,657.36

Shares Owned: 14,207

Relationship: Officer

Ownership: Direct

2025-12-03Purchase

Owner: Casey, Daniel Edward

Title: CROF

Shares: 5,000

Price/Share: $17.95

Value: $89,750.00

Shares Owned: 28,254

Relationship: Officer

Ownership: Direct

2025-12-03Purchase

Owner: Jameson, Jeremy Andrew

Title: EVP - Chief Credit Officer

Shares: 5,598

Price/Share: $17.69

Value: $99,028.62

Shares Owned: 63,412

Relationship: Officer

Ownership: Direct

2025-12-03Purchase

Owner: Smith, Jeffrey C.

Title: -

Shares: 500

Price/Share: $17.69

Value: $8,845.00

Shares Owned: 34,109

Relationship: Director

Ownership: Direct

Filed Date	Owner	Relationship	Title	Ownership	Purchase/Sale	No. Shares	Price Per Share	Value	Shares Owned	Document Type
2026-05-05	Franklin, Travis	Director	-	Direct	Purchase	9,400	26.49	$249,006.00	9,400	4
2026-01-28	Mooney, Kyle Owen	Officer	SVP - Chief Operating Officer	Direct	Sale	2,808	22.67	$63,657.36	14,207	4
2025-12-03	Casey, Daniel Edward	Officer	CROF	Direct	Purchase	5,000	17.95	$89,750.00	28,254	4
2025-12-03	Jameson, Jeremy Andrew	Officer	EVP - Chief Credit Officer	Direct	Purchase	5,598	17.69	$99,028.62	63,412	4
2025-12-03	Smith, Jeffrey C.	Director	-	Direct	Purchase	500	17.69	$8,845.00	34,109	4
2025-12-03	Bingham, Richard Dean	Director	-	Direct	Purchase	5,000	17.56	$87,800.00	27,700	4/A
2025-02-07	Carlson, Gerald Joseph	Director	-	Direct	Purchase	2,000	19.97	$39,940.00	4,000	4
2025-01-30	Carlson, Gerald Joseph	Director	-	Direct	Purchase	1,000	20.00	$20,000.00	2,000	4
2025-01-28	Spring, Donald J.	Officer	Chief Accounting Officer	Direct	Purchase	800	23.75	$19,000.00	1,600	4
2025-01-28	Smith, Jeffrey C.	Director	-	Direct	Purchase	650	18.96	$12,324.00	33,609	4
2024-11-11	Spring, Donald J.	Officer	Chief Accounting Officer	Direct	Sale	431	27.00	$11,637.00	5,442	4
2024-11-07	Spring, Donald J.	Officer	Chief Accounting Officer	Direct	Sale	311	27.52	$8,558.72	5,873	4
2024-11-06	Schultz, Robert F.	Director	-	Indirect	Sale	4,262	27.00	$115,081.83	0	4
2024-11-05	Spring, Donald J.	Officer	Chief Accounting Officer	Direct	Sale	689	24.81	$17,094.09	4,436	4
2024-10-29	Ludwig, Jeffrey G.	Director,Officer	President & CEO	Direct	Sale	12,753	24.52	$312,703.56	343,935	4
2024-06-13	Mcdonnell, Jeffrey M	Director	-	Indirect	Purchase	2,290	21.80	$49,922.00	24,245	4
2024-06-12	Spring, Donald J.	Officer	Chief Accounting Officer	Direct	Sale	6,661	22.07	$147,008.27	5,354	4
2024-05-03	Tucker, Douglas J.	Officer	SVP Corporate Counsel	Direct	Sale	3,577	24.00	$85,848.00	32,871	4
2024-03-12	Carlson, Gerald Joseph	Director	-	Direct	Purchase	1,000	24.23	$24,230.00	1,000	4
2023-12-20	Spring, Donald J.	Officer	Chief Accounting Officer	Direct	Sale	3,031	27.97	$84,777.07	13,212	4
2023-12-13	Spring, Donald J.	Officer	Chief Accounting Officer	Direct	Sale	2,349	25.97	$61,003.53	13,212	4
2023-11-10	Spring, Donald J.	Officer	Chief Accounting Officer	Direct	Sale	2,048	22.59	$46,264.32	13,212	4
2023-05-16	Tucker, Douglas J.	Officer	SVP Corporate Counsel	Indirect	Purchase	800	20.35	$16,280.00	4,300	4
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Institutional Ownership

No data available for chart

2026-03-31

62.36%

Inst. Shares: 13,283,509

Shares Outstanding: 21,301,246

2025-12-31

60.64%

Inst. Shares: 13,240,017

Shares Outstanding: 21,833,098

2025-09-30

61.40%

Inst. Shares: 13,425,351

Shares Outstanding: 21,863,911

2025-06-30

61.29%

Inst. Shares: 13,373,933

Shares Outstanding: 21,820,190

2025-03-31

59.36%

Inst. Shares: 12,937,000

Shares Outstanding: 21,795,570

Date	Institutional Shares Owned	Shares Outstanding	Institutional Ownership %
2026-03-31	13,283,509	21,301,246	62.36%
2025-12-31	13,240,017	21,833,098	60.64%
2025-09-30	13,425,351	21,863,911	61.40%
2025-06-30	13,373,933	21,820,190	61.29%
2025-03-31	12,937,000	21,795,570	59.36%
2024-12-31	12,612,784	21,731,689	58.04%
2024-09-30	12,215,491	21,675,818	56.36%
2024-06-30	12,922,932	21,731,195	59.47%
2024-03-31	13,009,002	21,774,647	59.74%
2023-12-31	12,386,356	22,115,869	56.01%
2023-09-30	12,114,824	21,970,372	55.14%
2023-06-30	12,283,509	22,200,917	55.33%
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Midland States Bancorp, Inc. (MSBI) — SEC Financial Statements & Analysis

Midland States Bancorp, Inc. (MSBI) is a state commercial banks company, incorporated in IL. Midland States Bancorp, Inc. trades on Nasdaq as: MSBI, MSBIP. Based on its latest SEC filing (Form 10-Q, period ending 2026-06-30), Midland States Bancorp, Inc. reported a -11.19% year-over-year revenue growth, a Gross Profit Margin of 64.92% (TTM), a Price-to-Sales (P/S) ratio of 1.78x (TTM), a Price-to-Book (P/B) ratio of 1.14x (TTM), at a market cap of $649.83M. Figures below are sourced from SEC EDGAR, as-filed.

Net Revenue TTM Growth 1Y: -11.19%
Gross Profit Margin TTM: 64.92%
P/S TTM: 1.78x
P/B TTM: 1.14x
Market Cap: $649.83M

Data as of 2026-06-30 · Source: SEC EDGAR

Frequently Asked Questions

What industry is Midland States Bancorp, Inc. in?

Midland States Bancorp, Inc. (MSBI) operates in the State Commercial Banks industry.

What is MSBI's market cap?

Midland States Bancorp, Inc. (MSBI) has a market capitalization of $649.83M as of 2026-06-30.

What is MSBI's P/E ratio?

Midland States Bancorp, Inc. (MSBI)'s trailing twelve month P/E ratio is 15.11x as of 2026-06-30.

What exchange does MSBI trade on?

Midland States Bancorp, Inc. (MSBI) trades on the Nasdaq.

Where is Midland States Bancorp, Inc. incorporated?

Midland States Bancorp, Inc. is incorporated in IL.