M
Midland States Bancorp, Inc.
Period
FY 2025
Revenue
—
Net Income
$-124.28M
Total Assets
$6.51B
Equity
$565.50M
Shares Out
20.73M
Op. Cash Flow
$125.68M
Business
Midland States Bancorp, Inc. is a diversified financial holding company providing commercial and consumer banking, merchant credit card services, trust and investment management, insurance and financial planning services through its subsidiary Midland States Bank, which operates 53 full-service branches in Illinois and Missouri. The company's core business segments are community banking (commercial and retail lending, deposit-taking) and wealth management (trust, investment management, and financial planning services). Geographic markets are concentrated in Illinois and the St. Louis metropolitan area.
Summary from 10-K filed 2026-03-02
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Loans, including fees: Taxable | 310 | 366 | 378 | 286 | 214 | |
| Loans, including fees: Tax exempt | 2 | 2 | 2 | 2 | 2 | |
| Loans held for sale | 5 | 392,000 | 260,000 | 404,000 | 1 | |
| Taxable | 63 | 50 | 29 | 16 | 14 | |
| Tax exempt | 2 | 2 | 1 | 3 | 3 | |
| Nonmarketable equity securities | 3 | 3 | 3 | 2 | 2 | |
| Federal funds sold and cash investments | 3 | 4 | 4 | 4 | 728,000 | |
| Total interest income | 388 | 426 | 417 | 313 | 238 | |
| Deposits | 124 | 161 | 137 | 36 | 11 | |
| Short-term borrowings | 3 | 2 | 68,000 | 104,000 | 86,000 | |
| Federal Home Loan Bank advances | 15 | 16 | 21 | 9 | 8 | |
| Subordinated debt | 5 | 5 | 5 | 7 | 9 | |
| Trust preferred debentures | 5 | 5 | 5 | 3 | 2 | |
| Total interest expense | 151 | 190 | 168 | 56 | — | |
| Net interest income | 237 | 236 | 249 | 257 | 208 | |
| Provision for credit losses on loans | 61 | 119 | 83 | 75 | 4 | |
| (Recapture of) provision for credit losses on unfunded commitments | −700,000 | 1 | 0 | −221,000 | −145,000 | |
| Total provision for credit losses | 60 | 120 | 83 | 77 | 3 | |
| Net interest income after provision for credit losses | 177 | 116 | 166 | 180 | 204 | |
| Wealth management revenue | 31 | 29 | 26 | 26 | 27 | |
| Service charges on deposit accounts | 14 | 13 | 12 | 10 | 9 | |
| Interchange revenue | 13 | 14 | 14 | 14 | 15 | |
| Residential mortgage banking revenue | 3 | 2 | 2 | 2 | 6 | |
| Income on company-owned life insurance | 9 | 8 | 4 | 4 | 4 | |
| Gain (loss) on sales of investment securities, net | 14,000 | −230,000 | −9 | −230,000 | 537,000 | |
| Credit enhancement income | 10 | 61 | 48 | 70 | — | |
| Other income | 8 | 12 | 18 | 9 | 14 | |
| Total noninterest income | 88 | 139 | 115 | 150 | 70 | |
| Salaries and employee benefits | 104 | 94 | 93 | 90 | 87 | |
| Occupancy and equipment | 17 | 17 | 16 | 15 | 15 | |
| Data processing | 28 | 28 | 26 | 24 | 25 | |
| FDIC insurance | 8 | 5 | 5 | 3 | 3 | |
| Professional services | 10 | 8 | 7 | 7 | 11 | |
| Marketing | 6 | 4 | 3 | 3 | 3 | |
| Communications | 1 | 1 | 2 | 2 | 3 | |
| Loan expense | 7 | 6 | 4 | 5 | 2 | |
| Loan servicing fees | 5 | 13 | 19 | 23 | — | |
| Impairment on goodwill | 154 | 0 | 0 | — | — | |
| Amortization of intangible assets | 3 | 4 | 5 | 5 | 6 | |
| Other real estate owned | 281,000 | 6 | 333,000 | 5 | 1 | |
| Loss on sale of loan portfolios | 23 | 0 | 0 | — | — | |
| Impairment on leased assets and surrendered assets | 684,000 | 8 | 0 | 0 | — | |
| Other expense | 12 | 15 | 12 | 12 | 10 | |
| Total noninterest expense | 380 | 208 | 193 | 198 | 175 | |
| Income (loss) before income taxes | −115 | 47 | 88 | 131 | 99 | |
| Income tax expense | 9 | 9 | 27 | 31 | 18 | |
| Net income (loss) | −124 | 38 | 61 | 100 | 81 | |
| Preferred dividends | 9 | 9 | 9 | 3 | 0 | |
| Net income (loss) available to common shareholders | −133 | 29 | 52 | 97 | 81 | |
| Basic earnings (loss) per common share (in dollars per share) | −6.12 | 1.32 | 2.33 | 4.29 | 3.58 | |
| Diluted earnings (loss) per common share (in dollars per share) | −6.12 | 1.32 | 2.33 | 4.28 | 3.57 | |
| Weighted average common shares outstanding (in shares) | 22 | 22 | 22 | 22 | 22 | |
| Weighted average diluted common shares outstanding (in shares) | 22 | 22 | 22 | 22 | 23 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2024 2024-09-30 | FY 2024 2024-06-30 | FY 2024 2024-03-31 |
|---|---|---|---|---|---|---|
| Cash and due from banks | 127 | 114 | — | — | — | |
| Federal funds sold | 532,000 | 711,000 | — | — | — | |
| Cash and cash equivalents | 128 | 115 | — | — | — | |
| Investment securities available for sale, at fair value | 1,523 | 1,208 | — | — | — | |
| Equity securities, at fair value | 4 | 5 | — | — | — | |
| Loans | 4,352 | 5,168 | 5,728 | 5,829 | 5,933 | |
| Allowance for credit losses on loans | −69 | −111 | −151 | −155 | −161 | |
| Total loans, net | 4,283 | 5,056 | 5,577 | 5,674 | 5,772 | |
| Loans held for sale | 8 | 345 | — | — | — | |
| Premises and equipment, net | 85 | 86 | — | — | — | |
| Other real estate owned | 606,000 | 5 | — | — | — | |
| Nonmarketable equity securities | 33 | 34 | — | — | — | |
| Accrued interest receivable | 24 | 25 | 35 | 34 | — | |
| Loan servicing rights, at lower of cost or fair value | 12 | 18 | — | — | — | |
| Loan servicing rights, held for sale | 4 | 0 | — | — | — | |
| Goodwill | 8 | 162 | — | — | — | |
| Other intangible assets, net | 9 | 12 | — | — | — | |
| Company-owned life insurance | 219 | 211 | — | — | — | |
| Credit enhancement asset | 13 | 17 | 21 | 18 | 16 | |
| Other assets | 162 | 209 | 188 | 210 | 197 | |
| Total assets | 6,513 | 7,507 | 7,704 | 7,708 | 7,764 | |
| Noninterest-bearing demand deposits | 1,040 | 1,056 | — | — | — | |
| Interest-bearing deposits | 4,384 | 5,142 | — | — | — | |
| Total deposits | 5,424 | 6,197 | — | — | — | |
| Short-term borrowings | 60 | 87 | — | — | — | |
| Federal Home Loan Bank advances | 293 | 258 | — | — | — | |
| Subordinated debt | 27 | 78 | — | — | — | |
| Trust preferred debentures | 52 | 51 | — | — | — | |
| Accrued interest payable and other liabilities | 91 | 124 | 103 | 103 | 103 | |
| Total liabilities | 5,948 | 6,796 | 6,933 | 6,971 | 7,041 | |
| Preferred stock, $2.00 par value; 4,000,000 shares authorized; 115,000 Series A shares, $1,000 per share liquidation preference, issued and outstanding at December 31, 2025 and December 31, 2024, respectively | 111 | 111 | — | — | — | |
| Common stock, $0.01 par value; 40,000,000 shares authorized; 21,169,854 and 21,494,485 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively | 212,000 | 215,000 | — | — | — | |
| Capital surplus | 428 | 434 | — | — | — | |
| Retained earnings | 87 | 248 | 287 | 276 | 259 | |
| Accumulated other comprehensive loss, net of tax | −60 | −82 | — | — | — | |
| Total shareholders equity | 565 | 711 | 771 | 737 | 723 | |
| Total liabilities and shareholders equity | 6,513 | 7,507 | 7,704 | 7,708 | 7,764 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Net income (loss) | −124 | 38 | 61 | 100 | 81 | |
| Depreciation on premises and equipment | 5 | 5 | 5 | 5 | 6 | |
| Amortization of operating lease right-of-use asset | 2 | 2 | 2 | 2 | 2 | |
| Amortization of loan servicing rights | 2 | 2 | 2 | 2 | 3 | |
| Share-based compensation expense | 3 | 3 | 2 | 2 | 2 | |
| Increase in cash surrender value of life insurance | −8 | −8 | −4 | −3 | −3 | |
| Gain on proceeds from company-owned life insurance | −343,000 | 0 | 0 | −264,000 | −1 | |
| Investment securities accretion, net | −14 | −7 | −2 | 2 | 4 | |
| Gain on repurchase of subordinated debt | 0 | −231,000 | −676,000 | 0 | 0 | |
| Gain on sales of other real estate owned | −124,000 | −26,000 | −819,000 | 118,000 | −473,000 | |
| Impairment on other real estate owned | 0 | 5 | 0 | 4 | 454,000 | |
| Origination of loans held for sale | −101 | −81 | −59 | −135 | −505 | |
| Proceeds from sales of loans and leases held for sale | 134 | 79 | 58 | 270 | 740 | |
| Gain on sale of loans held for sale | −3 | −2 | −2 | −844,000 | −5 | |
| Loss on mortgage servicing rights held for sale | −18,000 | 0 | — | — | — | |
| Loss on sale of loan portfolios | 23 | 0 | 0 | — | — | |
| Accrued interest receivable | 2 | 9 | −4 | −1 | 4 | |
| Credit enhancement asset | 4 | −1 | −2 | −19 | — | |
| Other assets | 24 | −17 | −24 | 1 | −32 | |
| Accrued expenses and other liabilities | −40 | 18 | 28 | −14 | 24 | |
| Net cash provided by operating activities | 126 | 177 | 153 | 286 | 334 | |
| Purchases of investment securities available for sale | −623 | −605 | −413 | −192 | −470 | |
| Proceeds from sales of investment securities available for sale | 104 | 74 | 192 | 136 | 15 | |
| Maturities and payments on investment securities available for sale | 249 | 234 | 75 | 85 | 208 | |
| Purchases of equity securities | −174,000 | −268,000 | −286,000 | −511,000 | −260,000 | |
| Proceeds from sales of equity securities | 0 | 0 | 5 | 0 | 0 | |
| Net decrease in loans | 439 | 347 | 73 | −1,216 | −258 | |
| Proceeds from sales of consumer loans held for sale | 61 | 0 | 0 | — | — | |
| Proceeds from sales of loan portfolios | 517 | 84 | 41 | 0 | — | |
| Purchases of premises and equipment | −5 | −7 | −9 | −3 | −3 | |
| Proceeds from sale of premises and equipment | 0 | 37,000 | 104,000 | 175,000 | 647,000 | |
| Purchases of nonmarketable equity securities | −186 | −172 | −240 | −25 | 0 | |
| Proceeds from redemptions of nonmarketable equity securities | 187 | 182 | 242 | 15 | 20 | |
| Proceeds from sales of other real estate owned | 5 | 466,000 | 8 | 1 | 9 | |
| Proceeds from company-owned life insurance, net | 1 | 0 | −49 | 2 | 2 | |
| Net cash provided by (used in) investing activities | 749 | 137 | −75 | −1,138 | −478 | |
| Net decrease in deposits | −773 | −112 | −55 | 174 | 1,010 | |
| Net increase (decrease) in short-term borrowings | −27 | 53 | −7 | −34 | 8 | |
| Net increase (decrease) in short-term FHLB advances | −20 | −166 | −174 | 250 | — | |
| Proceeds from long-term FHLB advances | 328 | 263 | 215 | 0 | 500 | |
| Payments made on long-term FHLB advances and other borrowings | −273 | −315 | −25 | −100 | −978 | |
| Payments and subordinated debt redemption | −51 | −16 | −6 | −40 | −31 | |
| Cash dividends paid on preferred stock | −9 | −9 | −9 | −3 | 0 | |
| Cash dividends paid on common stock | −28 | −27 | −27 | −26 | −25 | |
| Common stock repurchased | −10 | −5 | −18 | −1 | −12 | |
| Proceeds from issuance of common stock under employee benefit plans | 643,000 | 1 | 2 | 2 | 2 | |
| Net cash used in financing activities | −862 | −334 | −104 | 332 | 483 | |
| Net increase (decrease) in cash and cash equivalents | 13 | −20 | −26 | −520 | 339 |
Filings
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Frequently asked questions
What is Midland States Bancorp, Inc.'s CIK number?
Midland States Bancorp, Inc.'s SEC CIK number is 0001466026 (1466026). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Midland States Bancorp, Inc.'s SEC filings?
All of Midland States Bancorp, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Midland States Bancorp, Inc. last report earnings?
Midland States Bancorp, Inc. (MSBI) most recently filed an earnings 8-K with the SEC on Apr 23, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001466026-26-000045). This is Midland States Bancorp, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Midland States Bancorp, Inc.'s most recent earnings 8-K?
Midland States Bancorp, Inc.'s latest earnings 8-K (Item 2.02) was filed Apr 23, 2026 under accession 0001466026-26-000045. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Midland States Bancorp, Inc.'s latest earnings 8-K →
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