Midland States Bancorp MSBI

Banks - Regional, Financial Services

$32.98

+0.06%

Market cap: $684.4M
PE: 21.1×; 10y median 11.6×
Forward PE: n/m; not a meaningful number
Revenue, 12 months: $329.6M; −4% on a year ago
Net margin: 13.1%

Midland States Bancorp trades at 21.1× trailing earnings, pricier than 82% of the last ten years. Revenue was $329.6M over the last twelve months, down 4% on a year earlier with a 13% net margin.

Charts

Financials

Income statement for MSBI, by quarter
Income statement	Q3 FY23	Q4 FY23	Q1 FY24	Q2 FY24	Q3 FY24	Q4 FY24	Q1 FY25	Q2 FY25	Q3 FY25	Q4 FY25	Q1 FY26	Q2 FY26
	$70.1M−12%	$139.6M+43%	$97.6M+28%	$90.9M+17%	$92.7M+32%	$93.9M−33%	$76.1M−22%	$82.2M−10%	$81.1M−12%	$85.6M−9%	$79.5M+5%	$83.4M+1%
Interest expense	$45M+190%	$46.6M+75%	$45.8M+31%	$48.2M+16%	$49.9M+11%	$45.9M−2%	$41.1M−10%	$39.2M−19%	$37.4M−25%	$33.4M−27%	$28.6M−30%	$28.6M−27%
Pre-tax income	$22.9M−22%	$7.5M−83%	$29.1M+1%	$31.8M+10%	$25M+9%	−$38.9M	−$137.8M	$14.9M−53%	$11.3M−55%	−$3.2M−92%	$24.1M	$25.8M+73%
	$11.5M+97%	$6.4M−42%	$6.4M−7%	$6.1M−16%	$4.5M−61%	−$8.2M	$3.2M−50%	$2.8M−53%	$3.8M−17%	−$360K−96%	$5.6M+78%	$5.9M+107%
Net income	$11.4M−52%	$6.4M−81%	$22.7M+4%	$25.7M+19%	$20.4M+79%	−$30.8M	−$141M	$12M−53%	$7.6M−63%	−$2.9M−91%	$18.5M	$19.9M+65%
	$0.41−61%	$0.19−85%	$0.92+7%	$1.06+23%	$0.83+102%	−$1.49	−$6.58	$0.44−59%	$0.24−71%	−$0.24−84%	$0.74	$0.82+86%
	22M−2%	21.8M−3%	21.8M−3%	21.7M−2%	21.7M−1%	21.7M−0%	21.8M+0%	21.8M+0%	21.9M+1%	21.9M+1%	21.3M−2%	21.1M−3%

Revenue: Q1 FY15 and Q1 FY16: 6 months less the 3 months printed beside them.

Interest expense: Q1 FY15: 6 months less the 3 months printed beside them.

Income tax: Q1 FY16: 6 months less the 3 months printed beside them.

Net income: Q1 FY15 and Q1 FY16: 6 months less the 3 months printed beside them. Q1 FY17: not printed by the filing, worked out from its own lines.

EPS, diluted: 11 periods, Q1 FY15 to Q4 FY25: quarter's net income to common over its shares, to the cent.

Diluted shares: Q1 FY15: share-days: the 6-month average less the second quarter's. 9 periods, Q4 FY15 to Q4 FY23: share-days: the 12-month average less the 9-month, weighted by days. Q4 FY24 and Q4 FY25: a loss quarter: its basic count, share-days: the 12-month average less the 9-month, weighted by days.

From each company's 10-Q and 10-K filings, the newest version of each figure. Quarters are as filed (a fourth quarter is the year less its first nine months), fiscal years as the 10-K prints them, restated where a later 10-K restated them, and balance sheet lines as of the period's end. A quarter whose 10-Q isn't filed yet is from the company's results release. Growth is on the same period a year earlier. A dash is a period with no figure for the line: the filing doesn't print it, or it hasn't been read yet.

Peers

Companies in Banks - Regional nearest Midland States Bancorp's size, closest first.

Company	Market cap	PE	Its 10y median PE	P/S	Revenue growth	Net margin
MSBIMidland States Bancorp	$684.4M	21.1×	11.6×	n/m	−4%	13.1%
RRBIRed River Bancshares	$679.9M	14.9×	11.7×	n/m	+13%	34.9%
BHBBar Harbor Bankshares	$678.4M	13.7×	12.4×	n/m	+29%	25.5%
ACNBAcnb	$665.3M	12.4×	12.2×	n/m	n/m	n/m
CWBCCommunity West Bancshares	$704.3M	14.0×	10.3×	n/m	+20%	22.1%
TCBXThird Coast Bancshares	$662.9M	10.1×	11.3×	n/m	+26%	31.4%
WASHWashington Trust Bancorp	$744.3M	13.5×	12.3×	n/m	n/m	n/m
GCBCGreene County Bancorp	$606.3M	14.8×	15.0×	n/m	+23%	44.3%
FBIZFirst Business Financial Services	$606.1M	11.0×	9.4×	n/m	+10%	31.2%
KRNYKearny Financial	$603.8M	16.3×	18.5×	n/m	+16%	20.4%
SMBCSouthern Missouri Bancorp	$791.9M	11.2×	11.0×	n/m	+10%	35.8%
Peer median	$671.8M	13.6×	12.0×	n/a	+18%	31.3%