Midland States Bancorp financials
$32.39−2.35%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $476.0M | $564.9M | $531.9M | $462.6M | $307.7M | $318.5M | $326.9M | $294.7M | $212.5M | $193.3M |
| Gross profit | $325.0M | $375.1M | $363.6M | $406.6M | $277.6M | $272.7M | $267.2M | $251.4M | $189.0M | $177.3M |
| Gross margin | 68.3% | 66.4% | 68.4% | 87.9% | 90.2% | 85.6% | 81.7% | 85.3% | 89.0% | 91.7% |
| Operating income | -$114.9M | $46.9M | $88.0M | $131.4M | $99.1M | $32.0M | $72.5M | $50.8M | $26.5M | $50.4M |
| Net income | -$133.7M | $28.6M | $51.6M | $96.0M | $80.5M | $22.3M | $55.3M | $39.3M | $15.9M | $31.4M |
| Net margin | −28.1% | 5.1% | 9.7% | 20.7% | 26.2% | 7.0% | 16.9% | 13.3% | 7.5% | 16.2% |
| Diluted EPS | $-6.12 | $1.32 | $2.33 | $4.28 | $3.57 | $0.95 | $2.26 | $1.66 | $0.87 | $2.17 |
| EBITDA | $39.8M | $54.8M | $88.0M | $131.4M | $99.1M | $57.2M | $78.2M | $50.4M | $26.5M | $50.4M |
| Operating cash flow | $125.7M | $176.5M | $153.4M | $285.8M | $334.4M | $499.1M | $541.9M | $110.1M | $70.4M | $24.1M |
| Free cash flow | $120.3M | $169.7M | $144.7M | $282.5M | $332.4M | $496.6M | $536.4M | $102.9M | $68.6M | $22.0M |
| Diluted shares | 21.8M | 21.7M | 22.1M | 22.4M | 22.5M | 23.3M | 24.5M | 23.5M | 18.3M | 14.4M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $127.3M | $114.1M | $134.2M | $153.3M | $673.3M | $337.1M |
| Short-term investments | $1.56B | $1.25B | $964.7M | $830.3M | $959.5M | $747.3M |
| Total debt | $432.1M | $474.5M | $655.0M | $652.1M | $575.4M | $1.07B |
| Total assets | $6.51B | $7.51B | $7.79B | $7.86B | $7.44B | $6.87B |
| Total liabilities | $5.95B | $6.80B | $7.07B | $7.10B | $6.78B | $6.25B |
| Shareholders' equity | $565.5M | $710.8M | $715.1M | $758.6M | $663.8M | $621.4M |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology