Midland States Bancorp, Inc.

NasdaqGS:MSBI.P Stock Report

Market Cap: US$598.9m

Midland States Bancorp Past Earnings Performance

Past criteria checks 2/6

Midland States Bancorp's earnings have been declining at an average annual rate of -45.4%, while the Banks industry saw earnings growing at 3.1% annually. Revenues have been declining at an average rate of 1.8% per year. Midland States Bancorp's return on equity is 6.3%, and it has net margins of 9.3%.

Key information

-45.45%

Earnings growth rate

-45.35%

EPS growth rate

Banks Industry Growth11.18%
Revenue growth rate-1.80%
Return on equity6.29%
Net Margin9.26%
Last Earnings Update31 Mar 2026

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Midland States Bancorp makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

NasdaqGS:MSBI.P Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 26274251670
31 Dec 25265-1341670
30 Sep 25211-1611620
30 Jun 25224-1481590
31 Mar 25242-1351550
31 Dec 24255291520
30 Sep 24301651530
30 Jun 24291561490
31 Mar 24280521480
31 Dec 23280521480
30 Sep 23300771460
30 Jun 23308911460
31 Mar 23308941450
31 Dec 22328961420
30 Sep 22291881410
30 Jun 22288841400
31 Mar 22286831440
31 Dec 21281801440
30 Sep 21263661450
30 Jun 21252471440
31 Mar 21240391390
31 Dec 20227221410
30 Sep 20232271430
30 Jun 20239391470
31 Mar 20243431480
31 Dec 19250551490
30 Sep 19252591480
30 Jun 19247551530
31 Mar 19248511560
31 Dec 18242391650
30 Sep 18221251500
30 Jun 18207181440
31 Mar 1818891380
31 Dec 17178161290
30 Sep 17184251260
30 Jun 17179311130
31 Mar 17178351060
31 Dec 16174311030
30 Sep 1616128980
30 Jun 1615323970
31 Mar 1614923970
31 Dec 15154241010
30 Sep 1513511960
30 Jun 1512212840

Quality Earnings: MSBI.P has high quality earnings.

Growing Profit Margin: MSBI.P became profitable in the past.


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: MSBI.P's earnings have declined by 45.4% per year over the past 5 years.

Accelerating Growth: MSBI.P has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: MSBI.P has become profitable in the last year, making it difficult to compare its past year earnings growth to the Banks industry (22.8%).


Return on Equity

High ROE: MSBI.P's Return on Equity (6.3%) is considered low.


Return on Assets


Return on Capital Employed


Discover strong past performing companies

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/10 12:55
End of Day Share Price 2026/06/10 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

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.

AnalystInstitution
null nullD.A. Davidson & Co.
Jeffrey RulisD.A. Davidson & Co.
Damon DelMonteKeefe, Bruyette, & Woods