What is Midland States Bancorp's market cap?

Midland States Bancorp (MSBI) has a market capitalization of $706.8M and trades on NASDAQ.

What is Midland States Bancorp's revenue and profitability?

Midland States Bancorp generated $328.5M in trailing twelve-month revenue with net income of $35.2M, representing a net margin of 10.7%, with free cash flow of $121.6M. These figures are based on the Q1 2026 filing.

Who are Midland States Bancorp's competitors?

Midland States Bancorp's key competitors include JPMorgan Chase & Co., Stifel Financial Corp., Regions Financial Corporation, and others. These companies compete in similar markets and product categories.

Who does Midland States Bancorp partner with?

Midland States Bancorp's notable partners include GreenSky, LendingPoint.

What subsidiaries does Midland States Bancorp have?

Midland States Bancorp's subsidiaries include Midland States Bank, Midland Wealth Advisors, LLC.

Where is Midland States Bancorp headquartered?

Midland States Bancorp is headquartered in United States of America and employs approximately 914 people. It has been publicly traded since 2016.

Midland States Bancorp

MSBI

Midland States Bancorp, Inc. is a diversified financial holding company that operates primarily through its subsidiary, Midland States Bank.

Market cap

$706.75M+89.8%

Revenue$328.5M-7.1%

Net income$35.2M+149%

Free cash flow$121.6M-18.9%

EPS (diluted)$1.18+131%

Trailing twelve months · change vs. prior year

Table of contents

Earnings

Q2 2026 report

July 23, 2026

Revenue$83.7MBeat by $3.0M EPS$0.82Beat by $0.04

Read the full report

Next report

Date not yet announced

Financials

Q1 2026

Income statement

See full

Revenue$79.5M+4.6%

Net income$18.5M+113%

EPS (diluted)$0.74+111%

Balance sheet

See full

Cash & equivalents$113.7M+11.4%

Total debt$162.4M+220%

Total equity$559.0M-2.2%

Total assets$6.5B-10.1%

Cash flow

See full

Operating cash flow$17.0M-31.3%

CapEx$619.0K-66.5%

Free cash flow$16.3M-28.5%

Valuation & ratios

Valuation

See full

Market cap$706.75M+89.8%

Enterprise value$755.5M+240%

P/E20.1×—

P/S2.2×+1.0×

Profitability

See full

Net margin10.7%—

FCF margin37%-5.4pp

Returns & leverage

See full

Return on equity6.2%—

Debt / equity0.3×+0.2×

Segments

By product

See full

Trust management/administration fees$7.2M+11.3%

Interchange revenues$3.5M+12.0%

Nonsufficient fund fees$2.1M+6.9%

Other Deposit Account$1.3M-6.3%

Investment advisory and brokerage fees$653.0K+35.2%

Competitors

By market cap

JPMorgan Chase$949.80B+16.3%

Regions Financial$26.7B+14.0%

Stifel Financial$12.8B+13.5%

Northwest Bancshares$2.3B+27.1%

First Mid Bancshares, Inc.$1.4B+49.9%

Mid Penn Bancorp$972.0M+55.3%

Midland States Bancorp$706.8M+86.0%

Meridian$241.5M+43.8%

By revenue growth

Mid Penn Bancorp+35.8%

Northwest Bancshares+17.4%

Stifel Financial+15.4%

JPMorgan Chase+13.5%

First Mid Bancshares, Inc.+13.5%

Meridian+13.2%

Regions Financial+4.4%

Midland States Bancorp-7.1%

By net margin

JPMorgan Chase32.63%+0.4pp

Regions Financial29.3%+0.8pp

First Mid Bancshares, Inc.26.16%+1.2pp

Mid Penn Bancorp25.76%+3.2pp

Northwest Bancshares21.72%-2.2pp

Meridian16.5%+2.5pp

Stifel Financial16.11%+4.2pp

Midland States Bancorp10.7%+31.1pp

Profile

Midland States Bancorp, Inc. is a diversified financial holding company that operates primarily through its subsidiary, Midland States Bank. The company provides a comprehensive suite of commercial and consumer banking products, trust and investment management, and financial planning services. Its core value proposition centers on a high-tech, high-touch regional franchise model serving middle-market businesses and retail customers across Illinois and Missouri.

Competitive position

A leading regional community bank in the St. Louis and Illinois markets with a significant market share in core counties like Effingham and Kankakee.

GeographiesUnited States, Illinois, Missouri

Customer segmentsSMEs, Retail, Municipal, Agricultural

Business modelInterest Income, Fee-based Advisory, Asset Management

SuppliersFederal Reserve System, Federal Home Loan Bank (FHLB), FDIC Deposit Insurance Fund, Technology and Core Banking Software Providers

CustomersMiddle market commercial enterprises, Residential mortgage borrowers, Local municipal governments, Wealth management advisory clients

CountryUnited States of America

Listed2016

Employees914.0

CEOJeffrey G. Ludwig

SectorFinancial Services

IndustryBanks - Regional

Websitemidlandsb.com

FilingsSEC EDGAR

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Questions, answered.

What is Midland States Bancorp's market cap?: Midland States Bancorp (MSBI) has a market capitalization of $706.8M and trades on NASDAQ.
What is Midland States Bancorp's revenue and profitability?: Midland States Bancorp generated $328.5M in trailing twelve-month revenue with net income of $35.2M, representing a net margin of 10.7%, with free cash flow of $121.6M. These figures are based on the Q1 2026 filing.
Who are Midland States Bancorp's competitors?: Midland States Bancorp's key competitors include JPMorgan Chase & Co., Stifel Financial Corp., Regions Financial Corporation, and others. These companies compete in similar markets and product categories.
Who does Midland States Bancorp partner with?: Midland States Bancorp's notable partners include GreenSky, LendingPoint.
What subsidiaries does Midland States Bancorp have?: Midland States Bancorp's subsidiaries include Midland States Bank, Midland Wealth Advisors, LLC.
Where is Midland States Bancorp headquartered?: Midland States Bancorp is headquartered in United States of America and employs approximately 914 people. It has been publicly traded since 2016.