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Midland States Bancorp MSBI Wealth Management — Income tax expense (benefit)

Other segment segments

Banking
$5.31M+70.7%
Corporate
-$415K+40.3%

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$2.09M+16.9%
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$729K+410%

Other financials

Income statement

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Revenue$79.5M+4.6%
Net income$18.5M+113%
EPS (diluted)$0.74+111%

Balance sheet

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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

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Operating cash flow$17.0M-31.3%
CapEx$619.0K-66.5%
Free cash flow$16.3M-28.5%

Valuation

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Market cap$632.47M+80.0%
Enterprise value$681.22M+127%
P/E18×
P/S1.9×+0.9×

Profitability

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Net margin10.7%
FCF margin37%-5.4pp

Returns & leverage

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Return on equity6.2%
Debt / equity0.3×+0.2×

Where this comes from

Reported directly by Midland States Bancorp in its filing.

Tagged under the XBRL concept us-gaap:IncomeTaxExpenseBenefit.

The official record: Midland States Bancorp’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Midland States Bancorp's wealth management — income tax expense (benefit)?
Midland States Bancorp (MSBI) reported wealth management — income tax expense (benefit) of $759K in Q1 2026.
How has Midland States Bancorp's wealth management — income tax expense (benefit) changed year-over-year?
Midland States Bancorp's wealth management — income tax expense (benefit) decreased by 0.1% year-over-year, from $760K to $759K.
What is the long-term trend for Midland States Bancorp's wealth management — income tax expense (benefit)?
Over 4 years (2021 to 2025), Midland States Bancorp's wealth management — income tax expense (benefit) has grown at a -5.0% compound annual growth rate (CAGR), from $2.68M to $2.18M.
What does wealth management — income tax expense (benefit) mean?
This represents the portion of the wealth management segment's earnings allocated to income tax obligations. It reflects the tax impact on the segment's bottom line based on applicable statutory rates and tax strategies. Investors use this to understand the net contribution of the segment to the company's overall after-tax earnings.