Midland States Bancorp, Inc. (MSBI)
Nasdaq · State Commercial Banks · Finance, insurance and real estate · CIK 1466026 · fiscal year ends in Dec
Closing price $33.81 on 29 Oct 2026; 52-week range $14.64 to $34.53.
Key figures
The last twelve months reported, with the latest price and balance sheet.
- Revenue, last twelve months
- $334.4M
- Revenue growth
- 0.3%
- Net income, last twelve months
- $58.3M
- Earnings per share
- $2.27
- Net margin
- 17.4%
- Free cash flow
- $75.6M
- Return on equity
- 11.0%
- Market value
- $703.3M
- Price to earnings
- 14.9x
- Dividend yield
- 3.8%
- Cash
- $99.6M
- Debt
- $344.9M
- Debt to equity
- 0.61
- Shares outstanding
- 20.8M
Financial statements
Revenue, profit and cash flow by fiscal year, each year linked to its annual report.
| Fiscal year | Year end | Revenue | Operating income | Net income | EPS | Free cash flow | Filing |
|---|---|---|---|---|---|---|---|
| FY2025 | 31 Dec 2025 | $325.0M | – | -$124.3M | -$6.12 | $120.3M | 10-K filed 2 Mar 2026 |
| FY2024 | 31 Dec 2024 | $375.1M | – | $38.0M | $1.32 | $169.6M | 10-K filed 1 Jul 2025 |
| FY2023 | 31 Dec 2023 | $363.6M | – | $61.2M | $2.97 | $144.6M | 10-K filed 23 Feb 2024 |
| FY2022 | 31 Dec 2022 | $406.6M | – | $100.2M | $4.28 | $282.3M | 10-K filed 24 Feb 2023 |
| FY2021 | 31 Dec 2021 | $277.6M | – | $81.3M | $3.57 | $331.7M | 10-K filed 25 Feb 2022 |
By quarter
| Quarter | Quarter end | Revenue | Net income | EPS |
|---|---|---|---|---|
| Q3 FY2026 | 30 Sep 2026 | $86.0M | $22.8M | $0.95 |
| Q2 FY2026 | 30 Jun 2026 | $83.4M | $19.9M | $0.82 |
| Q1 FY2026 | 31 Mar 2026 | $79.5M | $18.5M | $0.74 |
| Q4 FY2025 | 31 Dec 2025 | $85.6M | -$2.9M | -$0.24 |
| Q3 FY2025 | 30 Sep 2025 | $81.1M | $7.6M | $0.24 |
| Q2 FY2025 | 30 Jun 2025 | $82.2M | $12.0M | $0.44 |
| Q1 FY2025 | 31 Mar 2025 | $76.1M | -$141.0M | -$6.58 |
| Q4 FY2024 | 31 Dec 2024 | $93.9M | -$30.8M | -$0.15 |
Company events
The newest 8-K filings of 170 held.
| Filed | Form | Event | Items |
|---|---|---|---|
| 22 Oct 2026 | 8-K | Results, Investor update | 2.02, 7.01, 9.01 |
| 4 Aug 2026 | 8-K | Other events | 8.01, 9.01 |
| 28 Jul 2026 | 8-K | Investor update | 7.01, 9.01 |
| 23 Jul 2026 | 8-K | Results, Investor update | 2.02, 7.01, 9.01 |
| 11 May 2026 | 8-K | Leadership change, Investor update | 5.02, 7.01, 9.01 |
| 8 May 2026 | 8-K | Shareholder vote | 5.07 |
| 5 May 2026 | 8-K | Other events | 8.01, 9.01 |
| 5 May 2026 | 8-K | Other events | 8.01, 9.01 |
| 23 Apr 2026 | 8-K | Results, Investor update | 2.02, 7.01, 9.01 |
| 6 Mar 2026 | 8-K | Leadership change | 5.02 |
| 4 Feb 2026 | 8-K | Leadership change | 5.02, 9.01 |
| 3 Feb 2026 | 8-K | Other events | 8.01, 9.01 |
Every filing
The newest filings with the SEC of 325 held.
| Filed | Form | Period |
|---|---|---|
| 29 Oct 2026 | 10-Q | 30 Sep 2026 |
| 22 Oct 2026 | 8-K | 22 Oct 2026 |
| 19 Oct 2026 | EFFECT | – |
| 6 Oct 2026 | S-3 | – |
| 4 Aug 2026 | 8-K | 4 Aug 2026 |
| 30 Jul 2026 | 10-Q | 30 Jun 2026 |
| 28 Jul 2026 | 8-K | 28 Jul 2026 |
| 23 Jul 2026 | 8-K | 23 Jul 2026 |
| 11 May 2026 | 8-K | 8 May 2026 |
| 8 May 2026 | 8-K | 4 May 2026 |
| 5 May 2026 | 8-K | 5 May 2026 |
| 5 May 2026 | 8-K | 5 May 2026 |
Insider trades
Form 4 trades by officers, directors and 10% owners, last 12 months.
| Traded | Insider | Type | Shares | Price | Value | Held after | Form 4 |
|---|---|---|---|---|---|---|---|
| 8 Sep 2026 | Mooney Kyle Owen, SVP - Chief Operating Officer | Sale outside a trading plan | 2,400 | $33.33 | $80.0K | 13,610 | 9 Sep 2026 |
| 18 Aug 2026 | Mooney Kyle Owen, SVP - Chief Operating Officer | Sale outside a trading plan | 489 | $33.16 | $16.2K | 13,610 | 18 Aug 2026 |
| 11 Aug 2026 | Mooney Kyle Owen, SVP - Chief Operating Officer | Sale outside a trading plan | 1,198 | $33.51 | $40.1K | 14,099 | 17 Aug 2026 |
| 28 Jul 2026 | Ludwig Jeffrey G., President & CEO | Sale outside a trading plan | 8,383 | $34.00 | $285.0K | 400,971 | 29 Jul 2026 |
| 5 May 2026 | Franklin Travis, Director | Purchase | 9,400 | $26.49 | $249.0K | 9,400 | 6 May 2026 |
| 28 Jan 2026 | Mooney Kyle Owen, SVP - Chief Operating Officer | Sale outside a trading plan | 2,808 | $22.67 | $63.7K | 14,207 | 28 Jan 2026 |
| 3 Dec 2025 | Jameson Jeremy Andrew, EVP - Chief Credit Officer | Purchase | 5,598 | $17.69 | $99.0K | 63,412 | 4 Dec 2025 |
| 3 Dec 2025 | Smith Jeffrey C., Director | Purchase | 500 | $17.69 | $8.8K | 34,109 | 4 Dec 2025 |
| 3 Dec 2025 | Bingham Richard Dean, Director | Purchase | 5,000 | $17.56 | $87.8K | 27,700 | 4 Dec 2025 |
| 3 Dec 2025 | Casey Daniel Edward, CROF | Purchase | 2,000 | $18.26 | $36.5K | 25,254 | 4 Dec 2025 |
| 3 Dec 2025 | Casey Daniel Edward, CROF | Purchase | 3,000 | $17.64 | $52.9K | 28,254 | 4 Dec 2025 |
Planned insider sales
Form 144 notices, filed when the sell order goes to the broker.
| Filed | Seller | Shares | Value | Planned sale |
|---|---|---|---|---|
| 28 Jul 2026 | Jeffrey Ludwig, Officer | 8,383 | $280.8K | 28 Jul 2026 |
| 28 Apr 2026 | Eric T. Lemke, Former officer | 14,893 | $384.8K | 28 Apr 2026 |
Large holders
Schedule 13D and 13G filings by holders of more than 5% of the voting shares.
| Filed | Holder | Schedule | Stake | Shares |
|---|---|---|---|---|
| 27 Mar 2026 | The Vanguard Group | 13G amended | 0% | 0 |
| 21 Jan 2026 | Dimensional Fund Advisors LP | 13G amended | 4.9% | 1.1M |
Short interest
Shares sold short and not yet bought back, on each FINRA settlement date.
| Settlement | Shares short | Change | Days to cover |
|---|---|---|---|
| 15 Oct 2026 | 1.0M | +11.25% | 7.77 |
| 30 Sep 2026 | 943.1K | -7.23% | 4.24 |
| 15 Sep 2026 | 1.0M | +3.46% | 8.41 |
| 31 Aug 2026 | 982.6K | +8.03% | 6.39 |
| 14 Aug 2026 | 909.5K | +0.86% | 5.44 |
| 31 Jul 2026 | 901.8K | +9.11% | 4.22 |
| 15 Jul 2026 | 826.5K | +3.84% | 5.43 |
| 30 Jun 2026 | 795.9K | +24.59% | 3.21 |
Funds that hold it
From each fund's latest Form 13F.
163 funds held it at 30 Jun 2026: 77 added and 44 trimmed in the quarter. The largest:
| Fund | Shares | Value | Change in the quarter |
|---|---|---|---|
| BlackRock, Inc. | 2,920,667 | $90.9M | +65,013 |
| Dimensional Fund Advisors LP | 859,377 | $26.8M | -31,423 |
| Vanguard Capital Management LLC | 847,353 | $26.4M | -54,039 |
| Busey Bank | 759,286 | $23.6M | 0 |
| State Street Corp. | 694,107 | $21.6M | -71,815 |
| American Century Companies Inc. | 563,718 | $17.6M | -22,444 |
| Geode Capital Management, LLC | 537,292 | $16.7M | +3,335 |
| Hotchkis & Wiley Capital Management LLC | 517,334 | $16.1M | -23,030 |
| Patriot Financial Partners GP II, L.P. | 438,500 | $13.7M | 0 |
| Acadian Asset Management LLC | 408,413 | $12.7M | +152,192 |
Peers
Companies in the same industry.
- Bank of Nova Scotia (BNS): revenue $27.0B, market value $118.0B
- Bank of New York Mellon Corp. (BNY): revenue $21.4B, market value $101.3B
- Itaú Unibanco Holding S.A. (ITUB): revenue $30.1B, market value $81.3B
- Fifth Third Bancorp (FITB): revenue $10.7B, market value $49.4B
- State Street Corp. (STT): revenue $15.5B, market value $47.4B
- M&T Bank Corp. (MTB): revenue $10.0B, market value $32.4B
- Northern Trust Corp. (NTRS): revenue $9.3B, market value $31.3B
- Banco Bradesco S.A. (BBD): revenue –, market value $27.8B
- Citizens Financial Group Inc. (CFG): revenue $8.9B, market value $27.7B
- First Citizens Bancshares Inc. (FCNCA): revenue $9.6B, market value $27.5B