Midland States MSBI
$31.72 +$0.12 (+0.38%)
Market closed · Nov 7, 10:00 pm ET · Last extended-hours $31.72 0.00%
Open$31.67
Prev close$31.60
Day range$31.13 – $32.26
Volume121.1K
Market cap$659.85M
P/E (TTM)14.0
Dividend yield4.07%
Fundamentals
Latest reported quarter: Q3, ended Sep 2026
Revenue$81.68M+4.5% YoY
Net profit$22.81M+201.8% YoY
Diluted EPS$0.95+295.8% YoY
Free cash flow$37.86M-51.8% YoY
Operating cash flow$38.37M
Revenue, last 8 quarters
Net profit, last 8 quarters
Diluted EPS by quarter
Free cash flow by quarter
Annual revenue
Profitability & balance sheet
Net margin16.2%
Return on equity10.7%
Return on assets0.7%
Liabilities / assets92.2%
Cash & investments$99.06M
Total debt$525.04M
Net cash (debt)-$425.98M
Free cash flow / sales25.6%
Where the revenue comes from
Quarter 2026/Q2
By business line
Income statement
| Line item | 2026 Q3 | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 |
|---|---|---|---|---|---|
| Total Operating Revenue | $81.68M | $79.16M | $75.12M | $290.36M | $59.40M |
| Net Interest Income | $62.72M | $59.59M | $57.42M | $236.80M | $58.70M |
| -Interest Income | $93.02M | $88.18M | $86.02M | $387.87M | $92.10M |
| -Interest Expense | $30.30M | $28.59M | $28.61M | $151.06M | $33.39M |
| Non-Interest Income | $18.96M | $19.57M | $17.70M | $53.56M | $702,000.00 |
| -Total Premiums Earned | $1.83M | $2.13M | $2.08M | $8.56M | $2.06M |
| -Fees and Commissions | $12.35M | $12.26M | $11.34M | $49.63M | $12.86M |
| -Other Non-Interest Income | $4.78M | $5.19M | $6.02M | $18.40M | $8.84M |
| -Gain Loss on Sale of Assets | $0.00 | $0.00 | -$1.73M | -$23.04M | -$23.05M |
| Credit Losses Provision | -$3.74M | -$6.82M | -$5.00M | -$59.85M | -$11.63M |
| Non-Interest Expense | $48.57M | $46.56M | $46.00M | $190.72M | $50.34M |
| Occupancy and Equipment | $4.33M | $4.23M | $4.54M | $17.22M | $4.35M |
| Professional Expense and Contract Services Expense | $1.67M | $1.67M | $2.24M | $9.87M | $2.32M |
| Selling and Admin Expenses | $30.83M | $29.35M | $27.93M | $118.40M | $31.97M |
| -Selling & Marketing Expense | $1.54M | $1.21M | $1.24M | $5.86M | $2.33M |
| -General & Admin Expense | $29.29M | $28.14M | $26.69M | $112.54M | $29.65M |
| Depreciation & Amortization & Depletion | $646,000.00 | $664,000.00 | $717,000.00 | $3.22M | $743,000.00 |
| -Depreciation & Amortization | $646,000.00 | $664,000.00 | $717,000.00 | $3.22M | $743,000.00 |
| Other Non-Interest Expenses | $11.09M | $10.65M | $10.58M | $42.01M | $10.96M |
| Special Income (Charges) | $0.00 | $0.00 | $0.00 | -$154.66M | -$684,000.00 |
| -Less:Impairment of Capital Assets | $0.00 | $0.00 | $0.00 | $154.66M | $684,000.00 |
| Pretax Profit | $29.38M | $25.78M | $24.11M | -$114.87M | -$3.25M |
| Tax | $6.57M | $5.90M | $5.65M | $9.41M | -$360,000.00 |
| Net Profit | $22.81M | $19.89M | $18.46M | -$124.28M | -$2.89M |
| Profit from Continuing Operations | $22.81M | $19.89M | $18.46M | -$124.28M | -$2.89M |
| Net Income to Parent Company | $22.81M | $19.89M | $18.46M | -$124.28M | -$2.89M |
| Preferred Stock Dividends | $2.23M | $2.23M | $2.23M | $8.91M | $2.23M |
| Other Preferred Stock Dividends | $443,000.00 | $417,000.00 | $400,000.00 | $532,000.00 | $178,000.00 |
| Net Income to Common Stockholders | $20.14M | $17.24M | $15.84M | -$133.73M | -$5.29M |
| Basic EPS | $0.95 | $0.82 | $0.74 | -$6.12 | -$0.24 |
| Diluted EPS | $0.95 | $0.82 | $0.74 | -$6.12 | -$0.24 |
| Dividend Per Share | $0.33 | $0.32 | $0.32 | $1.26 | $0.32 |
| Other Income (Expense) | – | – | – | -$154.66M | -$684,000.00 |
Balance sheet
| Line item | 2026 Q3 | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 |
|---|---|---|---|---|---|
| Total Assets | $6.82B | $6.70B | $6.55B | $6.51B | $6.51B |
| Cash, Cash Equivalents & Federal Funds Sold | $99.61M | $298.75M | $113.66M | $127.81M | $127.81M |
| -Cash and Cash Equivalents | $99.06M | $298.24M | $113.02M | $127.28M | $127.28M |
| -Money Market Investments | $557,000.00 | $503,000.00 | $634,000.00 | $532,000.00 | $532,000.00 |
| Securities Investment | $1.94B | $1.69B | $1.63B | $1.56B | $1.56B |
| -Available for Sale Securities | $488.75M | $285.11M | $287.22M | $268.02M | $268.02M |
| -Short Term Investments | $1.46B | $1.40B | $1.34B | $1.29B | $1.29B |
| Net Loan | $4.20B | $4.16B | $4.24B | $4.24B | $4.24B |
| -Gross Loan | $4.26B | $4.22B | $4.30B | $4.31B | $4.31B |
| -Allowance for Loans and Lease Losses | $59.00M | $59.98M | $65.20M | $66.04M | $66.04M |
| Receivables | $56.34M | $58.22M | $67.01M | $71.62M | $71.62M |
| -Accounts Receivable | $27.85M | $23.68M | $25.88M | $23.82M | $23.82M |
| -Other Receivables | $28.49M | $34.54M | $41.13M | $47.80M | $47.80M |
| Net PPE | $82.44M | $82.90M | $84.17M | $85.13M | $85.13M |
| -Gross PPE | $148.90M | $148.86M | $148.92M | $148.71M | $148.71M |
| -Accumulated Depreciation | -$66.47M | -$65.96M | -$64.75M | -$63.57M | -$63.57M |
| Goodwill and Other Intangible Assets | $25.71M | $26.74M | $27.77M | $28.74M | $28.74M |
| -Goodwill | $7.93M | $7.93M | $7.93M | $7.93M | $7.93M |
| -Other Intangible Assets | $17.78M | $18.81M | $19.85M | $20.81M | $20.81M |
| Bank-Owned Life Insurance | $224.88M | $222.76M | $220.63M | $218.55M | $218.55M |
| Foreclosed Assets | $180,000.00 | $356,000.00 | $514,000.00 | $606,000.00 | $606,000.00 |
| Assets Held for Sale | $0.00 | $0.00 | $0.00 | $3.66M | $3.66M |
| Other Assets | $185.41M | $167.34M | $171.88M | $174.70M | $174.70M |
| Total Liabilities | $6.29B | $6.13B | $5.99B | $5.95B | $5.95B |
| Total Deposits | $5.62B | $5.71B | $5.44B | $5.42B | $5.42B |
| Federal Funds Purchased and Securities Sold Under Agreement to Repurchase | $6.50M | $7.65M | – | – | – |
| Short-Term Debt and Capital Lease Obligation | $300.00M | $0.00 | $153.43M | $60.18M | $60.18M |
| -Current Debt | $300.00M | $0.00 | $153.43M | $60.18M | $60.18M |
| Long Term Debt and Capital Lease Obligation | $225.04M | $285.03M | $265.02M | $320.02M | $320.02M |
| -Long Term Debt | $225.04M | $285.03M | $265.02M | $320.02M | $320.02M |
| Convertible preferred securities | $52.41M | $52.22M | $52.04M | $51.86M | $51.86M |
| Other Liabilities | $84.09M | $78.76M | $78.46M | $91.49M | $91.49M |
| Total Equity | $531.37M | $569.69M | $558.95M | $565.50M | $565.50M |
| Stockholders' Equity | $531.37M | $569.69M | $558.95M | $565.50M | $565.50M |
| Capital Stock | $110.76M | $110.76M | $110.76M | $110.76M | $110.76M |
| -Common Stock | $208,000.00 | $207,000.00 | $208,000.00 | $212,000.00 | $212,000.00 |
| -Preferred Stock | $110.55M | $110.55M | $110.55M | $110.55M | $110.55M |
| Additional Paid-In Capital | $422.21M | $419.83M | $421.61M | $428.25M | $428.25M |
| Retained Earnings | $120.60M | $107.03M | $96.17M | $86.83M | $86.83M |
| Gains/Losses Not Affecting Retained Earnings | -$122.20M | -$67.93M | -$69.58M | -$60.33M | -$60.33M |
Cash flow
| Line item | 2026 Q3 | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 |
|---|---|---|---|---|---|
| Operating Cash Flow | $38.37M | $29.47M | $16.97M | $125.68M | -$7.06M |
| Net cash flow from continuing operations | $38.37M | $29.47M | $16.97M | $125.68M | -$7.06M |
| Net Income from Continuing Operations | $22.81M | $19.89M | $18.46M | -$124.28M | -$2.89M |
| Gain/Loss from Continuing Operations | -$216,000.00 | -$1.43M | -$346,000.00 | -$2.59M | -$615,000.00 |
| Depreciation & Depletion & Amortization | $2.67M | $2.69M | $2.71M | $11.95M | $2.92M |
| Other Non-Cash Items | $2.47M | -$5.39M | $1.26M | $46.70M | $21.00M |
| Change in Working Capital | $10.36M | $10.78M | -$6.68M | -$9.83M | -$37.10M |
| -Change in Receivables | -$4.17M | $2.20M | -$2.05M | $1.51M | $2.85M |
| -Change in Payables and Accrued Expense | -$966,000.00 | $1.52M | -$7.32M | -$40.06M | -$35.16M |
| -Change in Other Current Assets | $15.50M | $7.05M | $2.69M | $28.73M | -$4.80M |
| Net cash flow from investing | -$378.85M | $25.57M | -$68.35M | $748.91M | $334.73M |
| Net Cash Flow from Continuing Investing Activities | -$378.85M | $25.57M | -$68.35M | $748.91M | $334.73M |
| Net PPE Purchase and Sale | -$487,000.00 | -$276,000.00 | -$424,000.00 | -$5.35M | -$740,000.00 |
| Net Intangibles Purchase and Sale | $0.00 | $0.00 | $5.73M | – | – |
| Net Investment Purchase and Sale | -$334.06M | -$56.73M | -$78.59M | -$269.21M | -$133.39M |
| Net Income from Loans | -$44.52M | $82.36M | $4.74M | $1.02B | $468.78M |
| Net Other Investing Changes | $221,000.00 | $216,000.00 | $198,000.00 | $6.03M | $88,000.00 |
| Financing Cash Flow | $141.34M | $130.05M | $37.23M | -$861.54M | -$366.01M |
| Net Cash Flow from Continuing Financing Activities | $141.34M | $130.05M | $37.23M | -$861.54M | -$366.01M |
| Increase/Decrease in Deposit | -$89.84M | $267.21M | $15.69M | -$772.86M | -$180.45M |
| Net Issuance Payments of Debt | $238.85M | -$125.78M | $38.24M | -$43.07M | -$166.59M |
| Net Common Stock Issuance | $11,000.00 | -$2.74M | -$7.92M | -$9.66M | -$9.66M |
| Cash Dividends Paid | -$9.24M | -$9.03M | -$9.12M | -$36.59M | -$9.32M |
| Proceeds from Stock Option Exercised | $1.56M | $385,000.00 | $343,000.00 | $643,000.00 | $6,000.00 |
| Ending Cash Balance | $99.61M | $298.75M | $113.66M | $127.81M | $127.81M |
| Net Change in Cash | -$199.14M | $185.09M | -$14.15M | $13.05M | -$38.34M |
| Beginning Cash Balance | $298.75M | $113.66M | $127.81M | $114.77M | $166.15M |
| Free Cash Flow | $37.86M | $29.20M | $16.35M | $120.33M | -$7.80M |
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