Midland States Bancorp, Inc.
MSBI Nasdaq· State Commercial Banks
Last close · Oct 23, 2026
$32.98
KIRA · Stoqly’s AI analyst, in plain words
- Midland States Bancorp, Inc. had $325M of revenue in fiscal 2025, down 13.4% on the year before. Over five years, revenue changed +4.5% a year on average.
- Midland States Bancorp, Inc. lost $124M in fiscal 2025.
- Midland States Bancorp, Inc. returned $37.3M to shareholders in fiscal 2025, 31% of free cash flow. The diluted share count rose 0.4%.
- It earned −19.5% on shareholders’ money. Running costs took 116.9% of revenue (the efficiency ratio; lower is better).
Market cap
$695M
P/E
20.9x
Revenue
$325M
Net income
−$124M
Return on equity
−19.5%
Efficiency ratio
116.9%
Midland States Bancorp, Inc. in 30 seconds · fiscal 2025
Are sales growing?
−13.4%
No. Sales fell 13.4% last year.
Does it make a profit?
−38.2%
No. It lost money last year.
How lean are its costs?
116.9%
Costly. Running costs take 116.9% of revenue.
How much does it earn on its capital?
−19.5%
Low. It earns −19.5% a year on shareholders’ money.
How is the share priced?
20.9x
One share costs 20.9 times its yearly profit per share.
What Midland States Bancorp, Inc. does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Mar 2, 2026
- Legal name
- Midland States Bancorp, Inc.
- CIK
- 0001466026
Midland States Bancorp, Inc. · MSBI
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $278M | $407M | $364M | $375M | $325M |
| Revenue growth | 6.6% | 46.5% | −10.6% | 3.2% | −13.4% |
| Net interest income | $208M | $257M | $249M | $236M | $237M |
| Net income | $81.3M | $100M | $61.2M | $38.0M | −$124M |
| Net margin | 29.3% | 24.7% | 16.8% | 10.1% | −38.2% |
| Diluted EPS | $3.57 | $4.28 | $2.33 | $1.32 | −$6.12 |
| Cash | |||||
| Cash from operations | $334M | $286M | $153M | $177M | $126M |
| Capital expenditure | $2.7M | $3.5M | $8.7M | $6.9M | $5.3M |
| Free cash flow | $332M | $282M | $145M | $170M | $120M |
| FCF margin | 119.5% | 69.4% | 39.8% | 45.2% | 37.0% |
| Dividends paid | $25.2M | $25.9M | $26.6M | $27.1M | $27.7M |
| Share buybacks | $11.7M | $1.1M | $17.9M | $5.5M | $9.7M |
| Share count change | −3.4% | −0.7% | −1.2% | −1.7% | 0.4% |
| Debt and strength | |||||
| Cash and short-term investments | $680M | $161M | $135M | $115M | $128M |
| Debt incl. finance leases | $76.8M | $42.3M | $34.9M | $87.5M | $60.2M |
| Loans, net | $5.2B | $6.2B | $5.9B | $5.1B | $4.3B |
| Deposits | $6.1B | $6.4B | $6.3B | $6.2B | $5.4B |
| Shareholders' equity | $600M | $696M | $715M | $711M | $565M |
| Returns and quality | |||||
| Return on equity | 13.3% | 15.5% | 8.7% | 5.3% | −19.5% |
| Return on tangible equity | 19.4% | 18.7% | 9.6% | 5.3% | −24.4% |
| Efficiency ratio | 63.1% | 48.8% | 53.1% | 55.4% | 116.9% |
| Piotroski F-score | 5 | 7 | 5 | 5 | 3 |
Insiders bought, 12 months
$0.5M
5 insiders
Insiders sold, 12 months
$0.5M
2 insiders
Of sales under plans
0%
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Net income:
- Profit after all expenses, interest and tax.
- Efficiency ratio:
- Noninterest expense as a share of revenue. Lower is better for banks.
- Return on equity:
- Net income as a share of average shareholders' equity.
- Return on tangible equity:
- Net income to common over equity minus goodwill and intangibles.
- Diluted EPS:
- Net income per diluted share.
Midland States Bancorp, Inc. · MSBI
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Return on equity and efficiency ratio
Loans and deposits
Dividends and buybacks
Diluted EPS
KIRA
At $32.98 a share, the company is worth $695M: 20.9 times its earnings of the last four quarters.
Source: SEC EDGAR XBRL filings (CIK 0001466026). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.