Midland States Bancorp (MSBI) Financials: History & Chart

Midland States Bancorp, Inc.(MSBI)

Banks - Regional · Effingham, IL

$32.82-0.18 (-0.55%)

Delayed quote: Oct 6, 2026, 1:30 PM EDT

About Midland States Bancorp, Inc.

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.

Effingham, IL

850 employees

www.midlandsb.com

Financial Services / Banks - Regional

Sector: Financial Services
Industry: Banks - Regional
CEO: Jeffrey G. Ludwig

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Financials

SEC Filings

Quarterly Income Statement (USD)

Swipe horizontally to review earlier periods. The line-item column stays pinned.

Quarterly Report	TTM	Quarter ended Jun 2026	Quarter ended Mar 2026	Quarter ended Dec 2025	Quarter ended Sep 2025	Quarter ended Jun 2025	Quarter ended Mar 2025	Quarter ended Dec 2024	Quarter ended Sep 2024
Revenue	442.94M	111.94M	108.14M	107.34M	115.51M	118.08M	115.03M	182.48M	137.57M
Cost of Goods Sold	159.79M	35.41M	33.61M	33.39M	57.38M	56.60M	51.91M	130.43M	67.81M
Gross Profit	283.15M	76.54M	74.54M	73.94M	58.13M	61.48M	63.12M	52.05M	69.76M
Gross Profit Margin	63.9%	68.4%	68.9%	68.9%	50.3%	52.1%	54.9%	28.5%	50.7%
Total Operating Expenses	225.19M	50.76M	50.42M	77.19M	46.82M	46.62M	200.92M	54.37M	44.80M
Research & Development	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Selling, General & Administrative	131.05M	31.58M	30.69M	39.41M	29.36M	28.39M	28.67M	25.15M	26.75M
Operating Income (EBIT)	57.96M	25.78M	24.11M	-3.25M	11.31M	14.87M	-137.80M	-2.33M	24.97M
Operating Margin	13.1%	23.0%	22.3%	-3.0%	9.8%	12.6%	-119.8%	-1.3%	18.1%
Income Before Tax (EBT)	57.96M	25.78M	24.11M	-3.25M	11.31M	14.87M	-137.80M	-2.33M	24.97M
Interest Income	364.79M	88.18M	86.02M	92.09M	98.49M	97.92M	99.36M	116.32M	108.99M
Interest Expense	127.96M	28.59M	28.61M	33.39M	37.38M	39.23M	41.06M	45.90M	49.88M
Other Income/Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Income	43.02M	19.89M	18.46M	-2.89M	7.56M	12.02M	-140.97M	-1.07M	20.43M
Income Tax Expense	14.94M	5.89M	5.65M	-360K	3.76M	2.84M	3.17M	-1.26M	4.54M
Net Profit Margin	9.7%	17.8%	17.1%	-2.7%	6.5%	10.2%	-122.6%	-0.6%	14.9%
EBITDA	69.19M	28.47M	26.83M	-330K	14.23M	17.86M	-134.68M	910K	28.15M
EBITDA Margin	15.6%	25.4%	24.8%	-0.3%	12.3%	15.1%	-117.1%	0.5%	20.5%
Depreciation & Amortization	11.23M	2.69M	2.71M	2.92M	2.91M	3.00M	3.12M	3.23M	3.18M
EPS Basic	1.60	0.84	0.76	-0.24	0.24	0.45	-6.50	-0.15	0.74
EPS Diluted	1.60	0.84	0.76	-0.24	0.24	0.45	-6.50	-0.15	0.74
Weighted Average Basic Shares	21.07M	21.07M	21.30M	21.85M	21.86M	21.82M	22.05M	21.68M	21.68M
Weighted Average Diluted Shares	21.07M	21.07M	21.30M	21.85M	21.86M	21.82M	22.05M	21.68M	21.68M

Annual Income Statement (USD)

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Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Revenue	467.59M	546.05M	508.50M	436.51M	313.23M	315.97M	326.94M	294.71M
Cost of Goods Sold	199.29M	310.11M	250.84M	132.78M	33.53M	90.11M	76.69M	52.71M
Gross Profit	268.30M	235.94M	257.66M	303.73M	279.70M	225.86M	250.25M	242.00M
Gross Profit Margin	57.4%	43.2%	50.7%	69.6%	89.3%	71.5%	76.5%	82.1%
Total Operating Expenses	371.55M	189.04M	169.70M	172.34M	180.59M	193.84M	177.78M	191.19M
Research & Development	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Selling, General & Administrative	125.84M	102.84M	101.38M	96.96M	93.47M	89.06M	95.83M	102.17M
Operating Income (EBIT)	-103.24M	46.90M	87.96M	131.39M	99.11M	32.01M	72.47M	50.80M
Operating Margin	-22.1%	8.6%	17.3%	30.1%	31.6%	10.1%	22.2%	17.2%
Income Before Tax (EBT)	-114.87M	46.90M	87.96M	131.39M	99.11M	32.01M	72.47M	50.80M
Interest Income	387.87M	411.74M	417.10M	312.71M	237.82M	244.89M	249.52M	223.37M
Interest Expense	151.06M	189.78M	168.28M	56.02M	30.14M	45.75M	59.70M	43.28M
Other Income/Expense	-11.63M	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Income	-124.28M	38.04M	61.16M	100.24M	81.32M	22.54M	55.78M	39.42M
Income Tax Expense	9.41M	8.86M	26.81M	31.15M	17.80M	9.48M	16.69M	11.38M
Net Profit Margin	-26.6%	7.0%	12.0%	23.0%	26.0%	7.1%	17.1%	13.4%
EBITDA	-93.47M	60.06M	100.68M	145.76M	115.46M	51.52M	91.90M	66.88M
EBITDA Margin	-20.0%	11.0%	19.8%	33.4%	36.9%	16.3%	28.1%	22.7%
Depreciation & Amortization	9.78M	13.16M	12.72M	14.38M	16.34M	19.51M	19.43M	16.07M
EPS Basic	-6.14	1.32	2.33	4.24	3.58	0.95	2.28	1.69
EPS Diluted	-6.14	1.32	2.33	4.23	3.57	0.95	2.26	1.66
Weighted Average Basic Shares	21.85M	21.68M	22.12M	22.34M	22.48M	23.34M	24.29M	23.13M
Weighted Average Diluted Shares	21.85M	21.74M	22.12M	22.40M	22.55M	23.35M	24.49M	23.55M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.