Midland States Bancorp, Inc. Depositary Shares Each Representing a 1/40th Interest in a Share of 7.750% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A financials
$25.300.00%
Close Sep 28, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q2 '26 Jun 30 | Q1 '26 Mar 31 | Q4 '25 Dec 31 | Q3 '25 Sep 30 | Q2 '25 Jun 30 | Q1 '25 Mar 31 | Q4 '24 Dec 31 | Q3 '24 Sep 30 | Q2 '24 Jun 30 | Q1 '24 Mar 31 | Q4 '23 Dec 31 | Q3 '23 Sep 30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $111.9M | $108.1M | $119.0M | $118.5M | $121.5M | $117.1M | $139.8M | $142.5M | $139.1M | $143.4M | $186.2M | $115.1M |
| Gross profit | $83.4M | $79.5M | $85.6M | $81.1M | $82.2M | $76.1M | $93.9M | $92.7M | $90.9M | $97.6M | $139.6M | $70.1M |
| Gross margin | 74.5% | 73.5% | 71.9% | 68.5% | 67.7% | 64.9% | 67.2% | 65.0% | 65.3% | 68.1% | 75.0% | 60.9% |
| Operating income | $25.8M | $24.1M | -$3.2M | $11.3M | $14.9M | -$137.8M | -$38.9M | $25.0M | $31.8M | $29.1M | $7.5M | $22.9M |
| Net income | $17.7M | $16.2M | -$5.3M | $5.2M | $9.8M | -$143.2M | -$32.5M | $17.9M | $23.1M | $20.1M | $3.5M | $9.2M |
| Net margin | 15.8% | 15.0% | −4.5% | 4.4% | 8.1% | −122.3% | −23.2% | 12.6% | 16.6% | 14.0% | 1.9% | 8.0% |
| Diluted EPS | $0.82 | $0.74 | $-0.24 | $0.24 | $0.44 | $-6.58 | $-1.49 | $0.83 | $1.06 | $0.92 | $0.16 | $0.41 |
| EBITDA | $25.8M | $24.1M | -$2.6M | $11.3M | $14.9M | $16.2M | -$31.1M | $25.0M | $31.8M | $29.1M | $7.5M | $22.9M |
| Operating cash flow | $29.5M | $17.0M | -$7.1M | $80.0M | $28.1M | $24.7M | $55.5M | $46.5M | $31.4M | $43.1M | $86.1M | $6.5M |
| Free cash flow | $29.2M | $16.5M | -$7.8M | $78.6M | $26.7M | $22.9M | $52.8M | $44.4M | $29.9M | $42.5M | $84.4M | $4.2M |
| Diluted shares | 21.1M | 21.3M | 21.9M | 21.9M | 21.8M | 21.8M | 21.8M | 21.7M | 21.7M | 21.8M | 21.8M | 22.0M |
Balance sheet
| Period end | Jun 30 | Mar 31 | Dec 31 | Sep 30 | Jun 30 | Mar 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $298.2M | $113.0M | $127.3M | $165.7M | $175.9M | $101.3M |
| Short-term investments | $1.69B | $1.63B | $1.56B | $1.42B | $1.39B | $1.41B |
| Total debt | $344.9M | $470.5M | $432.1M | $598.5M | $482.9M | $667.3M |
| Total assets | $6.70B | $6.55B | $6.51B | $6.91B | $7.11B | $7.28B |
| Total liabilities | $6.13B | $5.99B | $5.95B | $6.33B | $6.53B | $6.71B |
| Shareholders' equity | $569.7M | $559.0M | $565.5M | $584.0M | $573.7M | $571.4M |
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