Midland States Bancorp, Inc. (MSBI)

Midland States Bancorp Financials Overview

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

Revenue & Profits

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue Revenue Growth	286.15	265.14	254.52	280.37	327.81	281.49
Revenue Growth	27.56%	4.17%	-9.22%	-14.47%	16.46%	24.19%
Net Income Net Income Growth	32.99	-133.73	28.65	51.59	95.95	80.49
Earnings Per Share EPS Growth	1.53	-6.12	1.32	2.33	4.28	3.57
EPS Growth	-	-	-43.42%	-45.62%	20.01%	275.79%

Revenue by Segment

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Banking Banking Growth	264.52	247.01	235.26	264.15	314.58	257.17
Wealth Management Wealth Management Growth	33.23	30.94	28.65	25.56	25.71	26.88
Corporate Corporate Growth	-11.6	-12.82	-9.15	-8.66	-10.49	-9.86
Total Total Growth	286.15	265.14	254.76	281.05	329.8	274.18

Cash & Debt

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Investments Cash & Investments Growth	302.29	131.26	118.6	135.43	161.08	686.28
Total Debt Total Debt Growth	355.42	446.37	490.21	673.16	671.4	586.54
Net Cash (Debt) Net Cash Growth	-53.13	-315.1	-371.61	-537.73	-510.32	99.74
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share Net Cash Per Share Growth	-2.47	-14.43	-17.09	-24.30	-22.79	4.42

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Cash Flow Operating Cash Flow Growth	119.36	125.68	176.55	153.36	285.82	334.44
Capital Expenditures CapEx Growth	-3.01	-5.35	-6.9	-8.73	-3.47	-2.72
Free Cash Flow Free Cash Flow Growth	116.36	120.33	169.65	144.63	282.35	331.72
Free Cash Flow Growth	-20.70%	-29.07%	17.30%	-48.78%	-14.88%	-33.20%

Margins

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Profit Margin	11.53%	-50.44%	11.26%	18.40%	29.27%	28.59%
FCF Margin	40.66%	45.39%	66.65%	51.59%	86.13%	117.84%

Dividends

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 3, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Dividend Per Share Dividend Per Share Growth	1.320	1.260	1.240	1.200	1.160	1.120
Dividend Per Share Growth	3.20%	1.61%	3.33%	3.45%	3.57%	4.67%
Dividend Yield	3.97%	6.17%	5.65%	5.10%	5.38%	5.82%

Valuation

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 3, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	21.67	-	18.23	11.51	6.15	6.78
Forward PE	9.81	7.72	9.04	8.98	7.31	7.59
P/FCF Ratio	5.92	3.79	3.08	4.10	2.09	1.65
PS Ratio	2.41	1.72	2.05	2.12	1.80	1.94

Data Source: S&P Global Market Intelligence Last updated: Apr 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Sep 3, 2026

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