20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.
Midland States Bancorp, Inc. (MSBI) operates in the BANKS - REGIONAL industry and is headquartered in Effingham, United States with about 839 employees. Its market capitalization is roughly $691 million. In the fiscal year ended 2025-12-31, MSBI reported $468M in revenue and ($124M) in net income.
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.
Interactive charts & full statements → Open the MSBI valuation workbench →
| Income statement | TTM → 2026-09-30 | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $295M | $468M | $546M | $67M | $437M | $313M | $316M | $327M | $295M | $211M | $191M | $174M | $89M | $92M | $75M | $94M | $102M | $93M | $26M |
| Gross Profit | — | $268M | $236M | $67M | $304M | $280M | $226M | $250M | $242M | $178M | $170M | $150M | $81M | $83M | $75M | — | $64M | $51M | — |
| Gross Margin % | — | 57.4% | 43.2% | 100.0% | 69.6% | 89.3% | 71.5% | 76.5% | 82.1% | 84.3% | 88.7% | 86.2% | 90.3% | 90.0% | 100.0% | — | 62.2% | 55.4% | — |
| Operating Income (EBIT) | — | ($103M) | $47M | $108M | $131M | $99M | $32M | $72M | $51M | $26M | $50M | $35M | $15M | $21M | $24M | $23M | $17M | $28M | $3M |
| Operating Margin % | — | -22.1% | 8.6% | 161.5% | 30.1% | 31.6% | 10.1% | 22.2% | 17.2% | 12.6% | 26.4% | 20.4% | 17.3% | 22.2% | 32.6% | 24.3% | 16.2% | 29.8% | 10.6% |
| Net Income | $58M | ($124M) | $38M | $75M | $100M | $81M | $23M | $56M | $39M | $16M | $32M | $24M | $11M | $15M | $8M | $11M | $12M | $18M | $2M |
| Net Margin % | 19.6% | -26.6% | 7.0% | 113.3% | 23.0% | 26.0% | 7.1% | 17.1% | 13.4% | 7.6% | 16.5% | 14.0% | 12.1% | 15.7% | 11.3% | 12.1% | 11.8% | 19.8% | 8.3% |
| EBITDA | — | ($93M) | $60M | $108M | $146M | $115M | $52M | $92M | $67M | $40M | $64M | $48M | $21M | $26M | $24M | $23M | $20M | $29M | $3M |
| Earnings Per Share (EPS) | — | $-5.69 | $1.75 | $3.41 | $4.48 | $3.61 | $0.97 | $2.28 | $1.67 | $0.88 | $2.19 | $1.64 | $0.73 | $0.98 | $1.22 | $0.74 | $0.81 | $1.23 | $0.14 |
| Shares Outstanding (M) | — | 22M | 22M | 22M | 22M | 23M | 23M | 24M | 24M | 18M | 14M | 15M | 15M | 15M | 7M | 15M | 15M | 15M | 15M |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
| Quarterly income statement | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Total Revenue | $112M | $108M | $107M | $116M | $118M | $68M | $56M | $138M |
| Gross Profit | $77M | $75M | $74M | $58M | $61M | $68M | $20M | $70M |
| Gross Margin % | 68.4% | 68.9% | 68.9% | 50.3% | 52.1% | 100.0% | 34.9% | 50.7% |
| Operating Income (EBIT) | $26M | $24M | ($3M) | $11M | $15M | $27M | ($53M) | $25M |
| Operating Margin % | 23.0% | 22.3% | -3.0% | 9.8% | 12.6% | 40.1% | -95.2% | 18.1% |
| Net Income | $20M | $18M | ($3M) | $8M | $12M | $15M | ($55M) | $20M |
| Net Margin % | 17.8% | 17.1% | -2.7% | 6.5% | 10.2% | 21.9% | -97.7% | 14.8% |
| EBITDA | $28M | $27M | $0M | $14M | $18M | $19M | — | $28M |
| Earnings Per Share (EPS) | $0.94 | $0.87 | $-0.13 | $0.35 | $0.55 | $0.67 | $-2.53 | $0.94 |
| Shares Outstanding (M) | 21M | 21M | 22M | 22M | 22M | 22M | 22M | 22M |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
| Cash flow | TTM → 2026-09-30 | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations (CFO) | $78M | $126M | $177M | $155M | $237M | $334M | $499M | $119M | $97M | $70M | $24M | $74M | $21M | $31M | $2M | $22M | $18M | $9M | $4M |
| Capital Expenditures (CapEx) | $2M | $5M | $7M | $9M | $3M | $3M | $3M | $6M | $7M | $6M | $2M | $6M | $3M | $4M | $4M | $17M | $11M | $1M | $1M |
| Free Cash Flow (FCF) | $76M | $120M | $170M | $146M | $233M | $332M | $497M | $114M | $90M | $64M | $22M | $67M | $19M | $27M | ($1M) | $4M | $7M | $8M | $3M |
| FCF Margin % | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Dividends Paid | $37M | $37M | $36M | $35M | $29M | $25M | $25M | $24M | $20M | $14M | $10M | $8M | $8M | $8M | $8M | $6M | $5M | $3M | $1M |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
| Quarterly cash flow | 2026-09-30 | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations (CFO) | $38M | $29M | $17M | ($7M) | $80M | $28M | $25M | $98M | $33M |
| Capital Expenditures (CapEx) | $0M | $0M | $1M | $1M | $1M | $2M | $2M | $3M | $2M |
| Free Cash Flow (FCF) | $38M | $29M | $16M | ($8M) | $79M | $26M | $23M | $96M | $31M |
| FCF Margin % | — | — | — | — | — | — | — | — | — |
| Dividends Paid | — | $9M | $9M | $9M | $9M | $9M | $9M | $9M | $9M |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
| Balance sheet | 2026-09-30 | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $6.8B | $6.5B | $7.5B | $7.9B | $7.9B | $7.4B | $6.9B | $6.1B | $5.6B | $4.4B | $3.2B | $2.9B | $2.7B | $1.7B | $1.6B | $1.5B | $1.6B | $1.1B |
| Cash & Cash Equivalents | $99M | $127M | $114M | $134M | $153M | $673M | $337M | $393M | $211M | $215M | $190M | $212M | $160M | $87M | $113M | — | $57M | $84M |
| Total Liabilities | $6.3B | $5.9B | $6.8B | $7.1B | $7.1B | $6.8B | $6.2B | $5.4B | $5.0B | $4.0B | $2.9B | $2.7B | $2.5B | $1.6B | $1.4B | $1.4B | $1.5B | $1.0B |
| Total Debt (Short + Long-Term) | $525M | $380M | $423M | $604M | $334M | $265M | $288M | $752M | $892M | $746M | $424M | $346M | $258M | $0M | $71M | $55M | $128M | $90M |
| Total Shareholders' Equity | $531M | $565M | $711M | $792M | $759M | $664M | $621M | $662M | $609M | $450M | $322M | $233M | $219M | $149M | $131M | $127M | $107M | $73M |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive MSBI viewer.
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