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Company Analysis

Midland States Bancorp, Inc. MSBI

A comprehensive view of key metrics, scores, and financial health for Midland States Bancorp, Inc.

Overview of Midland States Bancorp, Inc.

MSBI NMS
Financial Services Banks - Regional Small Cap
Midland States Bancorp, Inc. (MSBI), is a Small Cap company, in the Banks - Regional industry, last closed at $25.84, about 13.2% overvalued vs fair value, +59.6% 1Y return, placing in the top 25% of its sector.
Metrics Rev Growth 31.3% ROE -19.5% Gross Margin 57.4%
$25.84
0.54%
As of April 28, 2026
Previous close • Vol 90d: 30.3%
52-Week Range
Market Cap
$542.40M
Enterprise Value
$846.65M
Overall Score
View breakdown
Overall
Growth
Weak
Profitability
Weak
Health
Weak
Efficiency
Good
Valuation
Weak
Growth
Weak
Profitability
Weak
Health
Weak
Efficiency
Good
Valuation
Weak
Completeness: 82%
Confidence: 49%
Updated: Mar 8
Top Beats
No strong beats yet

Quick Facts

Website https://www.midlandsb.com
HQ Effingham, IL
Employees 864
Fiscal year Dec 31

Next Events

Earnings Apr 29 Estimated

Fair Value Snapshot

Bear Base Bull
$12
$22
$42
Current: $25.84 -13% vs base

Engine Room Money Flow™

Small Cap

Financial Services - Where revenue goes and how value is created

Flow Steps
Interest Income
$426.1M
2.2%%
Interest Expense
$151.1M
Net Interest Income
$236.3M
-5%%
Total Revenue
$467.6M
31.2%%
Money Flow Bridge
Flow Direction: Money moves from left to right
Components: Breakdown shows composition of each stage
Industry-Specific: Financial Services

Quality & Reliability Indicators

Return on Equity
4.8%
Poor

Net Income / Equity - key bank profitability metric

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Owner's Pocket - Capital Allocation

Total Returned to Shareholders

Combined dividends, buybacks, and debt reduction

$41.5M
144.7% of Net Income

Where It Leaks

Cash Flow Health critical
Significant cash flow inefficiencies identified. Multiple high-impact leaks require attention.
1
Active Leaks
0/1
Improving
0
High Impact
1
Critical
Moat Analysis Bank Specialized

Competitive Advantage Assessment

Evaluating Midland States Bancorp, Inc.'s durable competitive advantages across 6 defense dimensions

Overall Moat Strength
17
/100
Weak
Scores based on quantitative metrics and qualitative factors

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Deposit Franchise

Weak
4
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For informational purposes only. Not investment advice.

Trade-Off Ledger™

Where management spends the performance budget - Growth, Profitability, or Safety

Banks (Regional & Diversified) vs Industry Peers 88% Coverage
Trade-Off Triangle Visualization A ternary plot showing MSBI's balance between Growth (7.7%), Profitability (43.4%), and Safety (48.9%). Growth 8% Safety 49% Profitability 43%

Click axes to expand details. Marker shows current allocation.

3-Year Trend Analysis Locked
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Growth

9th percentile vs peers
9
Key Signals
NII Growth YoY -5.0% 21p Equity Growth YoY -0.7% 9p Asset Growth YoY -13.3% 1p EPS Growth YoY -5.25 1p
Strengths
  • Efficiency Ratio in top 20% of peers (79.5%, 93th percentile)
  • Financial Leverage in top 20% of peers (12.70, 82th percentile)
  • Dividends/Tangible Equity in top 20% of peers (7.0%, 86th percentile)
  • Conservative leverage compared to industry peers
Risks
  • Growth in bottom 20% of peers (percentile: 9)
  • Equity Growth YoY in bottom 20% of peers (-0.7%)
  • Asset Growth YoY in bottom 20% of peers (-13.3%)
  • EPS Growth YoY in bottom 20% of peers (-5.25)

Profitability

51th percentile vs peers
52
Key Signals
Strengths
Risks
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Safety

58th percentile vs peers
58
Key Signals
Strengths
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Two Futures

Scenario-based fair value ranges for Midland States Bancorp, Inc..

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Unable to Compute Fair Value

This company cannot be valued using standard models.

What this means: The Scenario Theatre requires financial data (revenue, cash flow, shares outstanding) to calculate fair value estimates. This data may be unavailable for:

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  • Shell companies or holding companies
  • Companies that haven't filed recent financials
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Bear
-
- - -
- upside
-
Base
$22.43
- - -
-13.2% vs current
Snapshot base estimate
Bull
-
- - -
- upside
-
Fair Value Range Current: $-
$- $- $-
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