Midland States Bancorp's CEO is Jeff Ludwig, appointed in Mar 2018, has a tenure of 8.25 years. total yearly compensation is $1.53M, comprised of 48.9% salary and 51.1% bonuses, including company stock and options. directly owns 1.99% of the company’s shares, worth $12.46M. The average tenure of the management team and the board of directors is 2.4 years and 7.6 years respectively.
Key information
Jeff Ludwig
Chief executive officer
US$1.5m
Total compensation
CEO salary percentage
48.93%
CEO tenure
8.3yrs
CEO ownership
2.0%
Management average tenure
2.4yrs
Board average tenure
7.6yrs
Recent management updates
Recent updates
CEO Compensation Analysis
How has Jeff Ludwig's remuneration changed compared to Midland States Bancorp's earnings?
Date
Total Compensation
Salary
Company Earnings
Mar 31 2026
n/a
n/a
US$25m
Dec 31 2025
US$2m
US$750k
-US$134m
Sep 30 2025
n/a
n/a
-US$161m
Jun 30 2025
n/a
n/a
-US$148m
Mar 31 2025
n/a
n/a
-US$135m
Dec 31 2024
US$1m
US$750k
US$29m
Sep 30 2024
n/a
n/a
US$65m
Jun 30 2024
n/a
n/a
US$56m
Mar 31 2024
n/a
n/a
US$52m
Dec 31 2023
US$2m
US$721k
US$52m
Sep 30 2023
n/a
n/a
US$77m
Jun 30 2023
n/a
n/a
US$91m
Mar 31 2023
n/a
n/a
US$94m
Dec 31 2022
US$2m
US$700k
US$96m
Sep 30 2022
n/a
n/a
US$88m
Jun 30 2022
n/a
n/a
US$84m
Mar 31 2022
n/a
n/a
US$83m
Dec 31 2021
US$2m
US$572k
US$80m
Sep 30 2021
n/a
n/a
US$66m
Jun 30 2021
n/a
n/a
US$47m
Mar 31 2021
n/a
n/a
US$39m
Dec 31 2020
US$1m
US$572k
US$22m
Sep 30 2020
n/a
n/a
US$27m
Jun 30 2020
n/a
n/a
US$39m
Mar 31 2020
n/a
n/a
US$43m
Dec 31 2019
US$1m
US$572k
US$55m
Compensation vs Market: Jeff's total compensation ($USD1.53M) is below average for companies of similar size in the US market ($USD3.64M).
Compensation vs Earnings: Jeff's compensation has been consistent with company performance over the past year.
CEO
Jeff Ludwig (54 yo)
8.3yrs
Tenure
US$1,532,241
Compensation
Mr. Jeffrey G. Ludwig, also known as Jeff, CPA, is President, CEO & Vice Chairman of Midland States Bancorp, Inc. from 2020. He is CEO of Midland States Bank and had been its President. Mr. Ludwig was Chie...
Leadership Team
Name
Position
Tenure
Compensation
Ownership
Jeffrey Ludwig
President
8.3yrs
US$1.53m
1.99% $ 12.5m
Jeffrey Mefford
Executive Vice President
7.4yrs
US$1.02m
0.37% $ 2.3m
Daniel Casey
EVP & Chief Risk Officer of Midland States Bank
2.4yrs
US$564.27k
0.14% $ 847.1k
Jeremy Jameson
Executive VP & Chief Banking Officer
1.8yrs
US$1.43m
0.30% $ 1.9m
Claire Stack
Executive VP & CFO
less than a year
no data
0.039% $ 241.5k
Kyle Mooney
Chief Information Officer
no data
no data
0.069% $ 429.0k
Shonna Kracinski
Director of Human Resources
no data
no data
no data
Danny Stevenson
Executive VP of Consumer Banking and Wealth Management
no data
no data
no data
Ryan Lange
Chief Investment Officer of Midland Wealth Management
no data
no data
no data
2.4yrs
Average Tenure
53yo
Average Age
Experienced Management: MSBI.P's management team is considered experienced (2.4 years average tenure).
Board Members
Name
Position
Tenure
Compensation
Ownership
Jeffrey Ludwig
President
7.3yrs
US$1.53m
1.99% $ 12.5m
Richard Ramos
Independent Director
14.3yrs
US$101.00k
0.10% $ 637.3k
James Deutsch
Independent Director
less than a year
no data
no data
Jeffrey Smith
Independent Chairman of the Board
21.4yrs
US$159.00k
0.16% $ 1.0m
Robert Schultz
Independent Director
24.4yrs
US$113.00k
0.50% $ 3.1m
Jerry McDaniel
Independent Director
14.4yrs
US$102.50k
0.58% $ 3.6m
Jeffrey McDonnell
Independent Director
11.4yrs
US$91.00k
0.13% $ 792.2k
Travis Franklin
Independent Director
2.1yrs
US$93.00k
0.045% $ 283.9k
Gerald Carlson
Independent Director
2.3yrs
US$105.00k
0.019% $ 120.8k
Richard Bingham
Independent Director
5.5yrs
US$108.00k
0.14% $ 866.8k
Jennifer DiMotta
Independent Director
7.6yrs
US$96.00k
0.033% $ 205.3k
7.6yrs
Average Tenure
61yo
Average Age
Experienced Board: MSBI.P's board of directors are considered experienced (7.6 years average tenure).
Company Analysis and Financial Data Status
Data
Last Updated (UTC time)
Company Analysis
2026/06/24 05:43
End of Day Share Price
2026/06/24 00:00
Earnings
2026/03/31
Annual Earnings
2025/12/31
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Midland States Bancorp, Inc. is covered by 9 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.