MSBI
Midland States Bancorp Inc
NASDAQ: MSBI · FINANCIAL SERVICES · BANKS - REGIONAL
$25.61
-1.42% today
Updated 2026-04-29
Market cap
$537.83M
P/E ratio
21.53
P/S ratio
1.96x
EPS (TTM)
$1.20
Dividend yield
3.80%
52W range
$14 – $27
Volume
0.1M
Midland States Bancorp Inc (MSBI) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $25.87M | $92.53M | $102.45M | $94.31M | $74.92M | $92.35M | $89.15M | $174.32M | $191.35M | $210.52M | $294.71M | $326.94M | $315.97M | $313.23M | $436.51M | $66.59M | $546.05M | $467.59M |
| Revenue growth (YoY) | — | +257.6% | +10.7% | -7.9% | -20.6% | +23.3% | -3.5% | +95.5% | +9.8% | +10.0% | +40.0% | +10.9% | -3.4% | -0.9% | +39.4% | -84.7% | +720.0% | -14.4% |
| Cost of revenue | — | $41.31M | $38.70M | — | — | $9.24M | $8.63M | $24.02M | $21.59M | $33.01M | $52.71M | $76.69M | $90.11M | $33.53M | $132.78M | $403.29M | $310.11M | $199.29M |
| Gross profit | — | $51.22M | $63.74M | — | $74.92M | $83.11M | $80.52M | $150.30M | $169.76M | $177.51M | $242.00M | $250.25M | $225.86M | $279.70M | $303.73M | $66.59M | $235.94M | $268.30M |
| Gross margin | 0.0% | 55.4% | 62.2% | 0.0% | 100.0% | 90.0% | 90.3% | 86.2% | 88.7% | 84.3% | 82.1% | 76.5% | 71.5% | 89.3% | 69.6% | 100.0% | 43.2% | 57.4% |
| R&D | — | — | — | — | — | — | — | — | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — | — |
| SG&A | — | $16.15M | $32.32M | — | $8.32M | $31.66M | $33.83M | $65.36M | $68.00M | $80.52M | $97.41M | $91.91M | $85.56M | $90.23M | $93.64M | $96.50M | $98.92M | $122.31M |
| Operating income | $2.74M | $27.61M | $16.65M | $22.91M | $24.40M | $20.53M | $15.47M | $35.50M | $50.42M | $26.47M | $50.80M | $72.47M | $32.01M | $99.11M | $131.39M | $107.57M | $46.90M | $-103.24M |
| Operating margin | 10.6% | 29.8% | 16.2% | 24.3% | 32.6% | 22.2% | 17.3% | 20.4% | 26.4% | 12.6% | 17.2% | 22.2% | 10.1% | 31.6% | 30.1% | 161.5% | 8.6% | -22.1% |
| EBITDA | $2.74M | $28.86M | $20.35M | $22.91M | $-11.11M | $25.97M | $21.47M | $48.03M | $63.80M | $39.92M | $66.88M | $91.90M | $51.52M | $115.46M | $145.76M | $107.57M | $46.90M | $-93.47M |
| EBITDA margin | 10.6% | 31.2% | 19.9% | 24.3% | -14.8% | 28.1% | 24.1% | 27.6% | 33.3% | 19.0% | 22.7% | 28.1% | 16.3% | 36.9% | 33.4% | 161.5% | 8.6% | -20.0% |
| EBIT | $2.74M | $27.61M | $16.65M | $22.91M | $13.29M | $20.53M | $15.47M | $35.41M | $50.43M | $26.47M | $50.80M | $72.47M | $32.01M | $99.11M | $131.39M | $107.57M | $46.90M | $-103.24M |
| Interest expense | — | $20.58M | $25.12M | — | — | $9.07M | $8.54M | $12.89M | $15.99M | $23.45M | $43.28M | $59.70M | $45.75M | $30.14M | $56.02M | $168.28M | $189.78M | $151.06M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $2.14M | $18.34M | $12.07M | $11.37M | $8.45M | $14.51M | $10.82M | $24.32M | $31.54M | $16.06M | $39.42M | $55.78M | $22.54M | $81.32M | $100.24M | $75.46M | $38.04M | $-124.28M |
| Net income growth (YoY) | — | +757.3% | -34.2% | -5.8% | -25.7% | +71.7% | -25.4% | +124.9% | +29.7% | -49.1% | +145.5% | +41.5% | -59.6% | +260.8% | +23.3% | -24.7% | -49.6% | -426.7% |
| Profit margin | 8.3% | 19.8% | 11.8% | 12.1% | 11.3% | 15.7% | 12.1% | 14.0% | 16.5% | 7.6% | 13.4% | 17.1% | 7.1% | 26.0% | 23.0% | 113.3% | 7.0% | -26.6% |