YOLFTbeta
Midland States Bancorp, Inc.

Midland States Bancorp, Inc.

MSBI · NASDAQ · Financial Services / Banks - Regional

31.36USD-0.36 (-1.13%)

Price History

Full chart

Market Stats

Previous Close31.72
Open31.32
Day Range30.99 – 31.58
52-Week Range13.47 – 34.76
Volume181.30K
Market Cap690.22M
P/E (TTM)21.18
Forward P/E8.22
EPS1.57
Dividend Yield3.97%
Beta0.64
50-Day Avg33.02
200-Day Avg26.74

About

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.

Company Details

  • SectorFinancial Services
  • IndustryBanks - Regional
  • CEOMr. Jeffrey G. Ludwig CPA
  • Employees839
  • Headquarters1201 Network Centre Drive, Effingham, IL, United States, 62401, USA
  • Websitehttps://www.midlandsb.com

Leadership

  • Mr. Jeffrey G. Ludwig CPAPresident, CEO & Vice Chairman · b. 1972
  • Mr. Daniel E. CaseyEVP & Chief Risk Officer of Midland States Bank · b. 1972
  • Mr. Jeremy A. JamesonExecutive VP & Chief Banking Officer · b. 1981
  • Ms. Claire A. StackExecutive VP & CFO · b. 1989
  • Mr. Kyle O. MooneyChief Information Officer
  • Shonna KracinskiDirector of Human Resources
  • Mr. Danny Leon Stevenson C.F.A.Executive VP of Consumer Banking and Wealth Management
  • Mr. Ryan Lee Lange C.A.I.A., C.F.A.Chief Investment Officer of Midland Wealth Management

Financials

Income Statement

Currency: USD2008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue25.87M92.53M102.45M94.31M74.92M92.35M89.15M174.32M191.35M210.52M294.71M326.94M315.97M313.23M436.51M66.59M546.05M467.59M
Growth (%)-+257.60%+10.72%-7.94%-20.57%+23.26%-3.46%+95.52%+9.77%+10.02%+39.99%+10.94%-3.36%-0.87%+39.36%-84.74%+720.02%-14.37%
Cost of Revenue-41.31M38.70M--9.24M8.63M24.02M21.59M33.01M52.71M76.69M90.11M33.53M132.78M403.29M310.11M199.29M
Gross Profit-51.22M63.74M-74.92M83.11M80.52M150.30M169.76M177.51M242.00M250.25M225.86M279.70M303.73M66.59M235.94M268.30M
Gross Margin-55.36%62.22%-100.00%89.99%90.31%86.22%88.72%84.32%82.11%76.54%71.48%89.29%69.58%100.00%43.21%57.38%
Operating Expense-23.61M47.10M-50.52M62.58M65.05M114.80M119.34M151.04M191.19M177.78M193.84M180.59M172.34M-40.98M189.04M371.55M
Operating Income2.74M27.61M16.65M22.91M24.40M20.53M15.47M35.50M50.42M26.47M50.80M72.47M32.01M99.11M131.39M107.57M46.90M-103.24M
Operating Margin10.60%29.84%16.25%24.30%32.56%22.23%17.35%20.36%26.35%12.57%17.24%22.17%10.13%31.64%30.10%161.55%8.59%-22.08%
EBITDA2.74M28.86M20.35M22.91M23.67M25.97M21.47M48.03M63.80M39.92M66.88M91.90M51.52M115.46M145.76M107.57M60.06M-93.47M
EBITDA Margin10.60%31.19%19.86%24.30%31.59%28.12%24.08%27.55%33.34%18.96%22.69%28.11%16.31%36.86%33.39%161.55%11.00%-19.99%
Net Income2.14M18.34M12.07M11.37M8.45M14.51M10.82M24.32M31.54M16.06M39.42M55.78M22.54M81.32M100.24M75.46M38.04M-124.28M
Net Income Margin8.27%19.82%11.78%12.06%11.27%15.71%12.13%13.95%16.48%7.63%13.38%17.06%7.13%25.96%22.96%113.32%6.97%-26.58%
R&D--------000-------
R&D as % of Total Revenue--------0.00%0.00%0.00%-------
Interest Expense-20.58M25.12M--9.07M8.54M12.89M15.99M23.45M43.28M59.70M45.75M30.14M56.02M168.28M189.78M151.06M
Interest Expense % of Total Revenue-22.24%24.52%--9.82%9.58%7.39%8.36%11.14%14.69%18.26%14.48%9.62%12.83%252.71%34.76%32.31%

Balance Sheet

Currency: USD2008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets-1.11B1.63B1.52B1.57B1.74B2.68B2.88B3.23B4.41B5.64B6.09B6.87B7.44B7.86B7.87B7.51B6.51B
Total Liabilities-1.04B1.53B1.39B1.44B1.59B2.46B2.65B2.91B3.96B5.03B5.43B6.25B6.78B7.10B7.08B6.80B5.95B
Total Equity-73.29M106.53M126.95M130.92M149.44M219.46M233.06M321.77M449.55M608.52M661.91M621.39M663.84M758.57M791.85M710.85M565.50M
Cash-83.85M57.07M-113.45M86.72M159.77M211.98M189.54M214.52M210.78M392.69M337.08M673.30M153.34M134.21M114.06M127.28M
Total Debt-101.46M144.30M151.45M161.30M92.74M211.43M345.85M423.60M746.35M858.82M767.18M1.03B536.61M644.39M604.41M423.25M380.20M
Net Debt-17.61M87.23M151.45M47.85M6.01M51.66M-109.94M234.06M531.83M648.04M374.49M692.63M-136.69M491.05M470.20M309.19M252.92M

Cash Flow

Currency: USD2008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow3.82M9.02M17.90M21.58M2.37M30.99M21.50M73.52M24.13M70.46M97.09M119.41M499.15M334.44M236.75M154.64M176.55M125.68M
Investing Cash Flow-39.93M38.86M20.85M161.69M-36.91M-100.17M30.09M-229.51M-359.06M-234.61M-6.69M54.46M-1.31B-478.50M-1.10B-76.08M136.71M748.90M
Financing Cash Flow31.67M23.34M-65.53M-140.88M49.05M41.86M21.59M208.76M313.18M188.64M-91.90M6.94M760.42M482.79M332.08M-104.13M-333.55M-861.54M
Capital Expenditure696.00K1.39M10.65M17.21M3.51M3.59M2.92M6.12M2.18M6.18M7.20M5.54M2.59M2.72M3.47M8.73M6.90M5.35M
Free Cash Flow3.13M7.63M7.25M4.37M-1.15M27.40M18.58M67.51M21.95M64.27M89.86M113.87M496.56M331.72M233.28M145.91M169.65M120.33M
Dividends Paid1.19M2.81M5.23M6.01M7.57M7.57M7.77M7.69M9.85M14.19M20.31M23.79M24.96M25.17M29.09M35.49M35.98M36.59M
FCF to OCF81.79%84.58%40.49%20.25%-48.50%88.41%86.42%91.83%90.97%91.23%92.55%95.36%99.48%99.19%98.53%94.35%96.09%95.75%
Dividend Paid to FCF38.18%36.90%72.19%137.60%-659.63%27.62%41.80%11.39%44.89%22.08%22.60%20.89%5.03%7.59%12.47%24.32%21.21%30.41%

Earnings

Report DateMay 24, 2016Jul 28, 2016Oct 27, 2016Jan 26, 2017Apr 27, 2017Jul 27, 2017Oct 26, 2017Jan 25, 2018Apr 26, 2018Jul 26, 2018Oct 25, 2018Jan 24, 2019Apr 25, 2019Jul 25, 2019Oct 24, 2019Jan 23, 2020Apr 23, 2020Jul 23, 2020Oct 22, 2020Jan 28, 2021Apr 22, 2021Jul 22, 2021Oct 28, 2021Jan 27, 2022Apr 28, 2022Jul 28, 2022Oct 20, 2022Jan 26, 2023Apr 27, 2023Jul 27, 2023Oct 26, 2023Jan 25, 2024Apr 25, 2024Jul 25, 2024Oct 24, 2024Jan 23, 2025Apr 30, 2025Jul 24, 2025Oct 30, 2025Jan 22, 2026Apr 23, 2026Jul 23, 2026Oct 29, 2026
EPS Estimate0.580.560.510.550.530.570.580.540.490.560.640.650.540.650.660.710.550.270.530.620.840.840.840.900.860.931.010.920.820.800.770.790.720.700.640.670.520.550.640.750.610.780.90
EPS Actual0.330.660.570.390.570.510.490.420.520.590.640.670.580.660.660.640.390.560.520.540.820.860.861.120.920.981.040.850.880.870.780.890.530.200.74-2.520.570.440.240.530.790.82-
Surprise-42.67%17.86%11.76%-29.09%7.55%-10.53%-15.52%-22.22%6.12%5.36%0.00%3.08%7.41%1.54%0.00%-9.86%-29.09%107.41%-1.89%-12.90%-2.38%2.38%2.38%24.44%6.98%5.38%2.97%-7.61%7.32%8.75%1.30%12.66%-26.39%-71.43%15.63%-476.12%9.62%-20.00%-62.50%-29.33%29.51%5.13%-
TimingPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours

Key Statistics & Ratios

Market Cap690.22M
Enterprise Value853.90M
Trailing P/E21.18
Forward P/E8.22
PEG Ratio1.41
Price / Sales2.41
Price / Book1.49
EPS1.57
Book Value22.15
Revenue (TTM)286.15M
Gross Profit (TTM)286.15M
Profit Margin15.03%
Operating Margin35.57%
Return on Equity7.53%
Return on Assets0.62%
Shares Outstanding20.75M
Shares Float19.50M
Beta0.64
Dividend Yield3.97%
Dividend Rate1.32
Payout Ratio54.20%

Analyst Ratings

Hold
Based on 4 analystsTarget 33.25
  • Hold
    4

Ownership Breakdown

Institutions
72.31%
Insiders
8.17%
Retail / Other
19.52%

Top Institutional Holders

  • BlackRock Inc
    2.86M13.76%
  • Vanguard Capital Management, LLC
    901.39K4.34%
  • Dimensional Fund Advisors, Inc.
    859.38K4.14%
  • State Street Corp
    765.92K3.69%
  • Busey Trust Co
    759.29K3.66%
  • American Century Companies Inc
    563.72K2.72%
  • Hotchkis & Wiley Capital Management LLC
    540.36K2.60%
  • Geode Capital Management, LLC
    533.96K2.57%
  • Patriot Financial Partners GP II, LP
    438.50K2.11%
  • AQR Capital Management LLC
    396.26K1.91%
  • LSV Asset Management
    379.30K1.83%
  • Rhino Investment Partners, Inc.
    320.29K1.54%
  • The Goldman Sachs Group Inc
    261.02K1.26%
  • Acadian Asset Management LLC
    256.22K1.23%
  • Jacobs Levy Equity Management, Inc.
    242.55K1.17%

Top Fund Holders

  • Vanguard MStar Total Stk Mkt Idx Invest
    589.03K2.84%
  • Avantis US Small Cap Value ETF
    530.41K2.56%
  • iShares Russell 2000 ETF
    502.65K2.42%
  • BlackRock Advantage Small Cap Core Instl
    326.65K1.57%
  • DFA US Small Cap Value I
    252.23K1.22%

Dividends

20261×
0.33Nov 13, 2026