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
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 |
|---|---|---|---|---|
| Revenue | $476.0M | $564.9M | $531.9M | $462.6M |
| Gross profit | $325.0M | $375.1M | $363.6M | $406.6M |
| Gross margin | 68.3% | 66.4% | 68.4% | 87.9% |
| Operating income | -$114.9M | $46.9M | $88.0M | $131.4M |
| Net income | -$133.7M | $28.6M | $51.6M | $96.0M |
| Net margin | −28.1% | 5.1% | 9.7% | 20.7% |
| Diluted EPS | $-6.12 | $1.32 | $2.33 | $4.28 |
| EBITDA | $39.8M | $54.8M | $88.0M | $131.4M |
| Operating cash flow | $125.7M | $176.5M | $153.4M | $285.8M |
| Free cash flow | $120.3M | $169.7M | $144.7M | $282.5M |
| Diluted shares | 21.8M | 21.7M | 22.1M | 22.4M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|
| Cash & equivalents | $127.3M | $114.1M | $134.2M | $153.3M |
| Short-term investments | $1.56B | $1.25B | $964.7M | $830.3M |
| Total debt | $432.1M | $474.5M | $655.0M | $652.1M |
| Total assets | $6.51B | $7.51B | $7.79B | $7.86B |
| Total liabilities | $5.95B | $6.80B | $7.07B | $7.10B |
| Shareholders' equity | $565.5M | $710.8M | $715.1M | $758.6M |
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