Midland States Bancorp, Inc. (MSBI) AI Stock Analysis

Established in 1881 and headquartered in Effingham, Illinois, Midland States Bancorp, Inc. oversees Midland States Bank, delivering banking products and services to individuals, businesses, and municipalities. Operating through Banking, Wealth Management, and Other segments, the bank offers deposit solutions including checking, savings, money market, and sweep accounts. Its lending solutions encompass commercial real estate, farmland, capital equipment term loans, operational lines of credit, residential mortgages, and home equity lines of credit. It also provides consumer installment loans for vehicles, boats, and home improvement. Additionally, the company delivers trust and wealth management products such as estate planning, investment management, and retail brokerage.

For the trailing twelve months, Midland States Bancorp generated revenue of $286.1M, an operating margin of 35.6%, and EPS of $1.56. In the latest quarter ended June 30, 2026, quarterly revenue rose 18.0% year-over-year while quarterly earnings grew 86.0%. Across recent fiscal periods, annual revenue shifted from $313.2M in FY2021 to $436.5M in FY2022, $66.6M in FY2023, and $546.1M in FY2024. In FY2025, revenue fell 14.4% to $467.6M, accompanied by an operating margin of -22.1% and net income of -$124.3M, compared to net income of $38.0M in FY2024. Between FY2020 and FY2025, revenue expanded at a 5-year compound annual growth rate of 8.2%.

As of June 30, 2026, Midland States Bancorp held $1.96B in cash and short-term investments alongside total debt of $344.9M, resulting in net cash of $1.61B. Total assets stood at $6.70B against shareholders' equity of $569.7M, yielding a debt-to-equity ratio of 0.61 and a current ratio of 0.35. During FY2025, operating cash flow reached $125.7M and free cash flow was $120.3M. The company deployed cash toward $5.3M in capital expenditures, $36.6M in dividends paid, and $9.7M in share buybacks, helping lower its five-year share count by 6.7%.

Midland States Bancorp trades at a trailing price-to-earnings ratio of 20.7x, which sits above the 12.1x median of its US-listed Financial Services peers. Its forward price-to-earnings multiple of 8.2x is below the peer median of 10.8x, while its price-to-sales ratio of 2.3x compares to 3.2x for peers. The company has a price-to-book ratio of 1.5x and an enterprise value of $832.3M. Over the past year, MSBI shares delivered a return of 118.3%, substantially outpacing the S&P 500 return of 16.8%, although its 5-year return of 66.4% trails the S&P 500 return of 83.0%.

Midland States Bancorp offers an annual forward dividend of $1.32 per share, translating to a dividend yield of 4.10%. The company has paid dividends for 11 consecutive years, delivering a 5-year annualized dividend growth rate of 3.3%. Its payout ratio is 54.2%, and its last ex-dividend date occurred on August 14, 2026.

Consensus coverage shows 5 Hold ratings, with 0 Buy, Strong Buy, Sell, or Strong Sell recommendations. The mean price target is $33.25, representing an upside of 3.2% from the last close of $32.22. For the fiscal year ending December 31, 2026, analysts expect revenue of $331.3M and EPS of $3.37. The company beat EPS estimates in 2 of the last 4 quarters, and the next earnings date is October 22, 2026.

This page is an AI-written research summary of Midland States Bancorp, Inc. (MSBI). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: MSBI income statement, MSBI balance sheet, MSBI key metrics, MSBI analyst forecast, MSBI chart. See the MSBI stock overview for the latest quote and news.