8-K Announcements
6Material company update
May 11, 2026·SEC
Material company update
May 8, 2026·SEC
Material company update
May 5, 2026·SEC
Midland States Bancorp, Inc.(MSBI)Earnings, Financials & Key Ratios
MSBI•NASDAQ•Banking & Credit
$30.44
Price updated Jul 6, 2026
AboutMidland 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 through Banking, Wealth Management, and Other segments. The company accepts various deposits, such as checking, savings, money market, and sweep accounts, as well as certificates of deposits. It also offers term loans to purchase capital equipment; lines of credit for working capital and operational purposes; commercial real estate loans for owner occupied and non-owner occupied commercial property, as well as farmland loans; construction and land development loans developers of commercial real estate investment properties, residential developments, individual clients for construction of single family homes, as well as to construct owner-user properties; and residential real estate loans and home equity lines of credit.. In addition, the company provides consumer installment loans for the purchase of cars, boats, and other recreational vehicles, as well as for the purchase of major appliances and other home improvement projects; commercial equipment leasing; and trust and wealth management products and services, including 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. As of December 31, 2021, it operated 52 full-service banking offices. The company was founded in 1881 and is headquartered in Effingham, Illinois.Show more
- Net Interest Income$237M+6.7%
- Total Revenue$468M-14.4%
- Net Income-$124M-426.7%
- Return on Equity-19.47%-484.6%
- Net Interest Margin3.64%+23.0%
- Efficiency Ratio79.46%+129.5%
- ROA-1.77%-458.2%
- Equity / Assets8.68%-8.3%
- Book Value per Share25.88-20.9%
MSBI Price & Volume
Midland States Bancorp, Inc. (MSBI) stock price & volume — 10-year historical chart
Loading chart...
Persistent Credit Stress Challenges Midland States Recovery
Investment Thesis • Updated 2026Q1
VerdictNegative
Growth:Contracting
Profitability:Negative
Financial:Strained
Cash Flow:Mixed
Primary Risk:Credit quality and provisioning
Key Thesis Takeaways
- Midland States Bancorp faces a challenging outlook characterized by significant earnings volatility and persistent credit quality concerns, as evidenced by the $84.5 million loan loss provision recorded in 2024Q4.
- While the bank is actively managing its balance sheet through asset contraction, the compression of the net interest margin to 0.9% suggests limited core profitability growth.
- Investors should remain cautious as the institution navigates structural instability and the potential for further capital erosion given the recent equity-to-assets ratio of 0.09.
Verdict Logic
the bank's fundamental health is currently compromised by a negative TTM P/E of -5.08 and persistent credit-related provisioning that continues to weigh on tangible book value.
MSBI Growth Metrics
Midland States Bancorp, Inc. (MSBI) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years10.37%
5 Years8.15%
3 Years2.32%
TTM-
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM136.66%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-45.5%
Return on Capital
10 Years4.25%
5 Years3.85%
3 Years0.45%
Last Year-9.71%
MSBI Recent Earnings
Midland States Bancorp, Inc. (MSBI) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 4/12 qtrs (36%)●Beat Revenue 4/12 qtrs (36%)
Q2 2026Latest
Apr 23, 2026Metric
Actual
Est
EPS
$0.79+31.7%
$0.60
Rev
$81M+7.3%
$76M
Q1 2026
Jan 29, 2026Metric
Actual
Est
EPS
$0.13-117.6%
$0.75
Rev
$74M-0.7%
$74M
Q1 2026
Jan 22, 2026Metric
Actual
Est
EPS
$0.53-24.3%
$0.70
Rev
$86M+15.9%
$74M
Q4 2025
Oct 30, 2025Metric
Actual
Est
EPS
$0.24-60.7%
$0.61
Rev
$78M-1.3%
$79M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 23, 2026 | $0.79vs $0.60+31.7% | $81Mvs $76M+7.3% |
| Q1 2026 | Jan 29, 2026 | $0.13vs $0.75-117.6% | $74Mvs $74M-0.7% |
| Q1 2026 | Jan 22, 2026 | $0.53vs $0.70-24.3% | $86Mvs $74M+15.9% |
| Q4 2025 | Oct 30, 2025 | $0.24vs $0.61-60.7% | $78Mvs $79M-1.3% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Midland States Bancorp, Inc. (MSBI)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $30.44 | $631.02M | -4.96 | -14.37% | -26.58% | -19.47% | 4.16% | |
| $57.93 | $1B | 10.61 | 2.74% | 24.23% | 13.36% | — | |
| $24.33 | $4.65B | 11.70 | 5.03% | 20.93% | 11.45% | — | |
| $35.90 | $739.76M | 10.98 | -0.3% | 22.54% | 14.15% | — | |
| $50.16 | $2.61B | 15.06 | 10.36% | 19.66% | 9.83% | — | |
| $114.30 | $3.84B | 16.05 | -9.29% | 29.66% | 13.62% | — |
Compare MSBI vs Peers
Midland States Bancorp, Inc. (MSBI) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
MSBI SEC Filings & Documents
Midland States Bancorp, Inc. (MSBI) SEC filings — annual & quarterly reports (10-K, 10-Q)
Get notified when MSBI posts new earnings or crosses analyst targets
Free. No account needed. Unsubscribe any time.
MSBI Frequently Asked Questions
Midland States Bancorp, Inc. (MSBI) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
How fast is Midland States Bancorp, Inc. growing?
Midland States Bancorp, Inc. (MSBI) saw revenue decline by 14.4% over the past year.
Is MSBI profitable?
Yes, Midland States Bancorp, Inc. (MSBI) is profitable, generating $35.2M in net income for fiscal year 2025 (-26.6% net margin).
Dividend & Returns
Does MSBI pay dividends?
Yes, Midland States Bancorp, Inc. (MSBI) pays a dividend with a yield of 4.16%. This makes it attractive for income-focused investors.
What is MSBI's return on equity?
Midland States Bancorp, Inc. (MSBI) has a return on equity (ROE) of -19.5%. Negative ROE indicates the company is unprofitable.
Industry Metrics
What is Midland States Bancorp, Inc.'s net interest margin?
Midland States Bancorp, Inc. (MSBI) has a net interest margin (NIM) of 3.6%. This indicates healthy earnings from lending activities.
What is Midland States Bancorp, Inc.'s efficiency ratio?
Midland States Bancorp, Inc. (MSBI) has an efficiency ratio of 79.5%. This is higher than peers, suggesting room for cost optimization.