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Midland States Bancorp, Inc.

Data quality: 83%
Also listed as MSBIP NASDAQ
MSBI
NASDAQ Financial Services Depository Institutions
$24.26
▲ $0.71 (3.01%)
6 months return
—
Momentum
Neutral
1Y earnings growth
-426.68%

Growth

Revenue Growth (5Y)
N/A
Revenue (1Y)N/A
Earnings (1Y)-426.68%
FCF Growth (3Y)-9.19%

Quality

Return on Equity
-21.47%
Below sector avg (9.22%)
ROICN/A
Net MarginN/A
Op. MarginN/A

Safety

Debt / Equity
0.25
Below sector avg (0.49)
Current RatioN/A
Interest CoverageN/A

Valuation

PE (TTM|NTM|2027)
-4.26 | 8.55 | 8.97
Below sector avg (11.13)
P/B Ratio0.91
EV/EBITDAN/A
Dividend Yield5.15%

Quick Summary

Key Takeaways

Short bullets derived from reported financials—not the AI summary above.

Earnings declined -426.68% over the past year
Debt/Equity of 0.25 — conservative balance sheet
Generating 120.33 M in free cash flow
Dividend yield of 5.15% — meaningful income
10 consecutive years of dividends — reliable payer

Price History

Financial Trends

Analyst Price Target

4 analysts
Hold
-2.6%
upside to target
Current
$24.26
Consensus Target
$23.63
$22.00
Low
$25.50
High
Forecast
Forward P/E
8.55
Forward EPS
$2.75
EPS Growth (est.)
+3.6%
Est. Revenue
314.17 M

Earnings Surprises

EPS
Reported Estimate Forecast
Next: Q1 2026 · EPS Est: $0.61 · Rev Est: 75.57 M
Q12025 Q22025 Q32025 Q42025 Q1 '26 Q2 '26
Reported $0.57 $0.44 $0.24 $0.53 — —
Estimate $0.55 $0.63 $0.64 $0.75 $0.61 $0.65
Surprise +2.89% -29.88% -62.50% -29.33% — —

Growth

Rev 5Y: N/A · Earnings 1Y: -426.68%
Revenue Growth (1Y) N/A Revenue Growth (3Y) N/A
Earnings Growth (1Y) -426.68% Earnings Growth (3Y) N/A
Revenue Growth (5Y) N/A Earnings Growth (5Y) N/A

Profitability

ROE: -21.47% · Net Margin: N/A
Revenue (TTM) N/A Net Income (TTM) -124.28 M
ROE -21.47% ROA -1.77%
Gross Margin N/A Operating Margin N/A
Net Margin N/A Free Cash Flow (TTM) 120.33 M
ROIC N/A FCF Growth (3Y) -9.19%

Safety

D/E: 0.25 · Current: N/A
Debt / Equity 0.25 Current Ratio N/A
Interest Coverage N/A Asset Turnover N/A
Working Capital N/A Tangible Book Value 566.46 M

Dividends

Yield: 5.15% · Payout: N/A
Dividend Yield 5.15% Payout Ratio N/A
Dividend Growth (3Y) 2.79% Dividend Growth (5Y) 3.28%
Consecutive Div Years 10 yrs

Valuation

P/E: -4.26 · EV/EBITDA: N/A
P/E Ratio -4.26 Forward P/E 8.55
P/B Ratio 0.91 P/S Ratio N/A
PEG Ratio N/A Forward PEG 2.36
EV/EBITDA N/A Fwd EV/EBITDA N/A
Forward P/S 1.68 Fwd Earnings Yield 11.70%
FCF Yield 22.73%
Market Cap 529.36 M Enterprise Value 509.97 M

Per Share

EPS: -6.12 · FCF/Share: 5.61
EPS (Diluted TTM) -6.12 Revenue / Share N/A
FCF / Share 5.61 OCF / Share 5.85
EPS CAGR (1Y) -563.64% EPS CAGR (5Y) N/A
EPS CAGR (10Y) N/A

Efficiency

FCF Conv: -96.82% · CapEx/Rev: N/A
CapEx / Revenue N/A FCF Conversion -96.82%
SBC-Adj. FCF N/A Growth Momentum N/A

Income Statement

Annual, most recent first
Metric FY2025 FY2024 FY2023 FY2022 FY2021
Revenue — — — — —
Net Income -124.28 M 38.04 M 75.46 M 99.03 M 81.32 M
EPS (Diluted) -6.12 1.32 2.97 4.23 3.57
Gross Profit — — — — —
Operating Income — — — — —
EBITDA — — — — —
R&D Expenses — — — — —
SG&A Expenses — — — — —
D&A — — — — —
Interest Expense 236.80 M 236.35 M 168.28 M 56.02 M 30.14 M
Income Tax 9.41 M 8.86 M 32.11 M 30.81 M 17.80 M

Balance Sheet

Annual, most recent first
Metric FY2025 FY2024 FY2023 FY2022 FY2021
Total Assets 6.51 B 7.51 B 7.87 B 7.86 B 7.44 B
Total Liabilities 5.95 B 6.80 B 7.08 B 7.10 B 6.78 B
Shareholders' Equity 565.50 M 710.85 M 791.85 M 758.57 M 663.84 M
Total Debt 60.18 M 87.50 M 34.87 M 42.31 M 76.80 M
Cash & Equivalents 127.81 M 114.77 M 135.06 M 150.32 M 680.37 M
Current Assets — — — — —
Current Liabilities — — — — —

Peer Comparison

vs Financial Services sector median (6628 peers)
Metric Stock Sector Median
P/E -4.3 11.1
P/B 0.9 1.2
ROE % -21.5 9.2
Net Margin % — 9.4
Rev Growth 5Y % — 5.8
D/E 0.3 0.5

ETFs Holding This Stock
SQLV logo SQLV Royce Quant Small-Cap Quality Value ETF
0.36% weight
PSVKX PSVKX
0.32% weight
TSVAX TSVAX
0.32% weight
TSVQX TSVQX
0.32% weight
TRACX TRACX
0.32% weight
PSVDX PSVDX
0.32% weight
TASVX TASVX
0.32% weight
TSVRX TSVRX
0.32% weight
DGRS logo DGRS WisdomTree U.S. SmallCap Quality Dividend Growth Fund
0.30% weight
HWVIX HWVIX
0.25% weight

Dividend History

Yield

5.15%

Payout ratio

N/A

Growth (3Y)

2.79%

Growth (5Y)

3.28%

Recent per-share payments (most recent first).

Ex-dividend Payment Amount / share
Feb 13, 2026 — $0.32
Nov 14, 2025 — $0.32
Aug 15, 2025 — $0.32
May 16, 2025 — $0.31
Feb 14, 2025 — $0.31
Nov 18, 2024 — $0.31
Aug 16, 2024 — $0.31
May 16, 2024 — $0.31
Feb 15, 2024 — $0.31
Nov 16, 2023 — $0.30
Aug 10, 2023 — $0.30
May 11, 2023 — $0.30

Strategy Scores

1 strategy matched
Value Deep Value Investing (Seth Klarman)
#55 of 172
40

Recent Activity

Entered Deep Value Investing (Seth Klarman)
Apr 12, 2026