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Companies / Financials / Midland States Bancorp, Inc.
MSBI

Midland States Bancorp, Inc.

FinancialsBanks & Brokers
Ticker MSBIEFFINGHAM, ILFiscal year ends DecemberBook value per share $25.10Diluted shares 21.2M

Midland States Bancorp, Inc. (Nasdaq: MSBI) is a diversified financial holding company whose principal subsidiary, Midland States Bank, provides commercial and consumer banking services across Illinois and the St. Louis metropolitan area. Its community banking business serves individuals, businesses, municipalities… From the company’s description.

Over the twelve months to Sep 30, 2026, Midland States Bancorp, Inc. reported revenue of $334.42M, down 14.3% from a year earlier, and net income of $58.27M. Its pre-tax margin was 22.7%. In fiscal 2025, it reported revenue of $324.98M, down 13.4% from fiscal 2024, and a net loss of $124.28M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$324.98MFY2025
−13.4% year over year
Last 12 mo $334.42M
-35.35%FY2025
−47.8 percentage points
Last 12 mo 22.73%
$-124.28MFY2025
−426.7% year over year
Last 12 mo $58.27M
3.13%FY2025
−3.1 percentage points
Last 12 mo 11.06%
Cash & financing
$125.68MFY2025
−28.8% year over year
Last 12 mo $77.75M
$120.33MFY2025
−29.1% year over year
Last 12 mo $75.60M
10.26FY2025
Was 9.31× a year earlier
Last 12 mo 11.57
21.8MFY2025
+0.4% year over year
Last 12 mo 21.2M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Midland States Bancorp, Inc. does

In the company’s own words

Midland States Bancorp, Inc. (Nasdaq: MSBI) is a diversified financial holding company whose principal subsidiary, Midland States Bank, provides commercial and consumer banking services across Illinois and the St. Louis metropolitan area. Its community banking business serves individuals, businesses, municipalities and other entities with commercial, commercial real estate, construction, residential mortgage and consumer loans, as well as checking, savings, money market and certificate-of-deposit accounts. The bank also provides merchant credit card services, while Midland Wealth Management offers trust and investment management, financial and estate planning, insurance and tax planning, corporate retirement plan services and retail brokerage. The company operates 53 full-service banking offices and has 861 employees. At December 31, 2025, it reports $6.51 billion in total assets and approximately $4.48 billion in wealth management assets under administration. Its website is www.midlandsb.com.

Company details
Sector
Financials
Industry (SIC)
Banks & Brokers
Headquarters
EFFINGHAM, IL
Fiscal year end
December
CIK
1466026
SIC
6022

Financial performance, year by year

Fiscal 2016–2025 · USD
$-177.37M$-18.11M$141.14M$300.39M$459.65M2016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Midland States Bancorp, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

175
funds hold it
0 of 35
superinvestors hold it
$168.37M
held by funds, at market
27.8%
of shares held by funds

Largest fund holders · Midland States Bancorp, Inc.’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.02%of fund net assets
Avantis U.S. Small Cap Value ETF
AVUV · American Century ETF Trust
—of fund net assets
—of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.01%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do Midland States Bancorp, Inc. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Midland States Bancorp, Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Midland States Bancorp, Inc.'s last four quarterly filings that the numbers alone won't show?”
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