Midland States Bancorp, Inc. (MSBI)

Midland States Bancorp Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	331.56	367.82	380.36	288.06	217.51	222.45
Interest Income on Investments	68.68	58.31	36.74	24.65	20.31	22.44
Total Interest Income	400.24	426.13	417.1	312.72	237.82	244.89
Interest Paid on Deposits	137.14	160.68	136.95	36.06	10.96	21.5
Interest Paid on Borrowings	26.43	29.11	31.33	19.96	19.19	24.25
Total Interest Expense	163.57	189.78	168.28	56.02	30.14	45.75
Net Interest Income	236.67	236.35	248.82	256.7	207.68	199.14
Net Interest Income Growth (YoY)	-4.82%	-5.01%	-3.07%	23.60%	4.29%	4.91%
Trust Income	30.41	28.7	25.57	25.71	26.81	22.8
Mortgage Banking Activities	2.8	2.42	1.9	1.51	5.53	15.82
Gain (Loss) on Sale of Assets	-	-	-	-3.25	-0.22	-1.69
Gain (Loss) on Sale of Investments	-0.02	-0.23	-8.27	-0.23	4.73	5.13
Other Non-Interest Income	49.5	94.47	78.32	113.91	31.12	21.23
Total Non-Interest Income	96.45	138.51	109.51	147.88	77.21	71.89
Non-Interest Income Growth (YoY)	-42.18%	26.48%	-25.95%	91.53%	7.39%	-7.14%
Revenues Before Loan Losses	333.13	374.86	358.33	404.58	284.88	271.03
Provision for Loan Losses	122.41	120.33	82.56	76.76	3.39	44.36
Revenue	210.72	254.52	275.77	327.81	281.49	226.67
Revenue Growth (YoY)	-29.98%	-7.70%	-15.88%	16.46%	24.19%	-9.42%
Salaries and Employee Benefits	97.7	90.61	90.95	88.09	84.95	83.38
Occupancy Expenses	15.17	14.8	14.07	13.34	13.47	15.25
Federal Deposit Insurance	5.78	5.28	4.78	3.34	3.35	-
Amortization of Goodwill & Intangibles	3.43	4.01	4.76	5.41	5.86	6.5
Selling, General & Administrative	48.92	46.29	42.64	40.67	45.15	41.9
Other Non-Interest Expense	20.01	30.35	35.56	39.12	12.28	15.4
Total Non-Interest Expense	196.58	196.9	193.08	195.16	166.31	164.6
EBT Excluding Unusual Items	14.14	57.63	82.69	132.65	115.18	62.07
Asset Writedown	-7.86	-7.86	-	-1.26	-7.53	-12.34
Legal Settlements	-3.1	-3.1	-	-	-	-
Other Unusual Items	0.23	0.23	5.28	-	-8.54	-4.87
Pretax Income	-150.56	46.9	87.96	131.39	99.11	32.01
Income Tax Expense	1.6	8.86	26.81	31.15	17.8	9.48
Net Income	-152.16	38.04	61.16	100.24	81.32	22.54
Preferred Dividends & Other Adjustments	8.78	9.4	9.56	4.29	0.82	0.26
Net Income to Common	-160.94	28.65	51.59	95.95	80.49	22.28
Net Income Growth	-	-37.79%	-38.99%	23.27%	260.82%	-59.60%
Basic Shares Outstanding	22	22	22	22	22	23
Diluted Shares Outstanding	22	22	22	22	23	23
Shares Change (YoY)	0.24%	-1.75%	-1.21%	-0.67%	-3.42%	-4.68%
EPS (Basic)	-7.38	1.32	2.33	4.29	3.58	0.95
EPS (Diluted)	-7.38	1.32	2.33	4.28	3.57	0.95
EPS Growth	-	-43.42%	-45.62%	20.01%	275.79%	-57.89%
Dividend Per Share	1.250	1.240	1.200	1.160	1.120	1.070
Dividend Growth	1.63%	3.33%	3.45%	3.57%	4.67%	10.31%
Effective Tax Rate	-	18.88%	30.48%	23.71%	17.95%	29.60%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q