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    Midland States Bancorp, Inc. (MSBI)

    Official site

    FINANCIAL SERVICES • BANKS - REGIONAL • NASDAQ

    $31.72
    +0.12 (+0.38%)

    Market Cap: $695.63M

    Last updated: Nov 06, 2026 at 4:04 PM ET

    Earnings

    Performance (10Y)

    Beat Rate
    60%(24/40)
    Avg Surprise
    -13.71%
    Streak
    3 Q

    Upcoming Estimates

    Period ending Dec 31, 2026
    EPS Consensus$1.15
    Range$1.12 - $1.22
    5 analysts
    Revenue Consensus
    $95M
    Range$93M - $96M
    5 analysts
    Period ending Mar 31, 2027
    EPS Consensus$0.83
    Range$0.79 - $0.88
    5 analysts
    EPS Revisions
    5
    0
    7d
    5
    0
    30d
    EPS Estimate DriftChange to current
    90d ago$0.81+3.0%
    60d ago$0.81+3.0%
    30d ago$0.81+3.2%
    7d ago$0.81+3.2%
    Current$0.83
    Revenue Consensus
    $83M
    Range$83M - $84M
    5 analysts
    Last 12 of 40 reported quarters and 2 upcoming estimates
    PeriodReportedEst.RangeSurpriseB/MAnalystsRevisionsYoY
    Mar 27EST
    		-$0.83$0.79 - $0.88--5
    5
    0
    30d
    		-
    Dec 26EST
    		-$1.15$1.12 - $1.22--5--
    Sep 26
    Reported Oct 22
    		$0.95$0.90$0.83 - $0.92+5.56%Beat5
    5
    0
    30d
    		+295.8%
    Jun 26
    Reported Jul 23
    		$0.82$0.78$0.72 - $0.82+5.13%Beat5
    4
    0
    30d
    		+86.4%
    Mar 26
    Reported Apr 23
    		$0.79$0.61$0.57 - $0.68+29.51%Beat5
    1
    3
    30d
    		+38.6%
    Dec 25
    Reported Jan 22
    		$0.53$0.75$0.67 - $0.80-29.33%Miss4
    1
    0
    30d
    		+121.0%
    Sep 25
    Reported Oct 30
    		$0.24N/A--62.50%Miss5
    No revisions (30d)
    		-67.6%
    Jun 25
    Reported Jul 24
    		$0.44$0.55$0.55 - $0.67-20.00%Miss4
    2
    1
    30d
    		+120.0%
    Mar 25
    Reported Jun 25
    		$0.57$0.52$0.49 - $0.64+9.62%Beat5
    0
    1
    30d
    		+7.5%
    Dec 24
    Reported Jan 23
    		$-2.52$0.67$0.64 - $0.73-476.12%Miss4
    5
    0
    30d
    		-383.1%
    Sep 24
    Reported Oct 24
    		$0.74$0.64$0.58 - $0.66+15.63%Beat5
    No revisions (30d)
    		-5.1%
    Jun 24
    Reported Jul 25
    		$0.20N/A--71.43%Miss5
    No revisions (30d)
    		-77.0%
    Mar 24
    Reported Apr 25
    		$0.53$0.72$0.71 - $0.74-26.39%Miss5
    No revisions (30d)
    		-39.8%
    Dec 23
    Reported Jan 25
    		$0.89$0.79$0.78 - $0.80+12.66%Beat5
    No revisions (30d)
    		+4.7%

    Dividends

    Next ex-dividend: Nov 13, 2026

    Dividend Metrics

    Forward Yield4.16%
    Forward Annual Dividend$1.32
    Payout Ratio46.77%
    FrequencyQuarterly
    Pay MonthsFeb, May, Aug, Nov

    Growth

    3Y CAGR+2.79%
    5Y CAGR+3.32%
    MSBI dividend history and ex-dividend datesRun MSBI in the free DRIP calculator

    Key Metrics

    Valuation
    P/E Ratio10.27EV/EBITDA16.38x
    Price/FCF8.86xFCF Yield11.28%
    Profitability
    Profit Margin19.00%Operating Margin37.50%
    ROE10.40%ROIC5.22%
    Financial Health
    Debt/Equity1.10xInterest Coverage0.63x
    Current RatioN/AQuick RatioN/A
    Trading Statistics
    Beta0.63Avg Volume149.69K
    52-Week High$35.0052-Week Low$14.53

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$33.24
    SMA 20$32.81
    SMA 50$32.94
    SMA 200$28.20
    EMA 10$32.77
    EMA 20$32.86
    EMA 50$32.70
    EMA 200$28.70

    MACD

    Line: -0.05Signal: 0.09Hist: -0.14

    ADX

    ADX: 18.8+DI: 22.4-DI: 26.2

    Aroon & PSAR

    Aroon Up76.0
    Aroon Down100.0
    PSAR$34.90

    Bollinger Bands

    Upper Band$34.48
    Lower Band$31.13
    %B Position1022%(Upper)
    Band Width0.18

    RSI (14-Day)

    Neutral
    40.1

    Momentum Oscillators

    Stoch %K23.0
    Stoch %D36.9
    Williams %R-84.8
    ROC (10d)-3.8%
    Momentum-1.26
    CCI (20d)-112.1
    MFI (14d)74.2

    Volatility Measures

    ATR (14d)$1.08(3.4%)
    StdDev (20d)0.84
    Hist Vol29.6%(Moderate)

    Volume Flow

    VWAP$31.70
    OBV7.4M
    AD Line-116.6M
    CMF (20d)-0.097

    Volume Metrics

    Avg Vol (20d)151.6K
    Vol Ratio0.8x
    VWMA (20d)$32.85

    Pivot Points

    R3$36.58
    R2$35.56
    R1$33.58
    Pivot Point$32.56
    S1$30.58
    S2$29.56
    S3$27.58

    Advanced Oscillators

    TSI-1.71
    Ultimate Osc28.0
    KST10.34

    Financial Data

    QuarterSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023
    Total Revenue$85.96M$83.36M$79.54M$85.57M$81.13M$82.23M$76.05M$93.94M$92.66M$90.88M$97.61M$139.59M
    Cost of RevenueN/AN/A$33.61M$33.39M$57.38M$56.60MN/AN/A$67.81M$56.52M$65.70M$53.55M
    Gross ProfitN/AN/A$74.54M$73.94M$58.13M$61.48M$67.70M$19.56M$69.76M$78.04M$72.70M$63.90M
    Operating Expenses$52.84M$50.76M$50.42M$77.19M$49.81M$49.99M$203.00M$58.70M$49.76M$50.78M$48.61M$63.67M
    R&D$0$0$0$0$0$0$0$0$0$0$0$0
    SG&A$0$0$0$0$0$0$0$0$0$0$0$0
    Operating IncomeN/AN/A$24.11M$-3,248,000$11.31M$14.87M$27.13M$-53,371,000$24.97M$31.81M$29.06M$20.51M
    Interest Income$93.02M$88.18M$86.02M$92.09M$98.49M$97.92M$99.36M$104.47M$108.99M$107.14M$105.53M$117.48M
    Interest Expense$30.30M$28.59M$28.61M$33.39M$37.38M$39.23M$41.06M$45.90M$49.88M$48.24M$45.76M$46.60M
    Income Before Tax$29.38M$25.78M$24.11M$-3,248,000$11.31M$14.87M$-137,802,000$-38,941,000$24.97M$31.81M$29.06M$7.54M
    Income Tax Expense$6.57M$5.89M$5.65M$-360,000$3.76M$2.84M$3.17M$-8,172,000$4.54M$6.09M$6.40M$1.14M
    Net Income$22.81M$19.89M$18.46M$-2,888,000$7.56M$12.02M$-140,974,000$-30,769,000$20.43M$25.72M$22.66M$6.41M
    EBITDA$27.78M$24.02M$22.44M$-3,739,000$10.88M$14.21M$-137,960,000$-40,411,000$27.55M$33.30M$31.16M$11.22M
    EBIT$29.38M$25.78M$24.11M$-3,248,000$11.31M$14.87M$-137,802,000$-38,941,000$24.97M$31.81M$29.06M$7.54M
    * Some calculated fields are derived from available data when not provided by source

    Related GNG Research

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    News

    Form 4 Midland States Bancorp Inc: Jeffrey G. Ludwig (Director, President & CEO) For: 31 October

    This article reports on a Form 4 filing for Midland States Bancorp Inc, indicating that Jeffrey G. Ludwig, who holds positions as Director, President, and CEO...

    Investing.com South Africa•11/3/26•Neutral

    Midland States Bancorp Announces $0.33 Quarterly Dividend on Common Stock

    Midland States Bancorp, Inc. has announced a quarterly cash dividend of $0.33 per common share, payable on November 20, 2026, to shareholders of record by November 13, 2026. Additionally...

    Kalkine Media•11/3/26•Bullish

    Form 8K Midland States Bancorp Inc For: 3 November By Investing.com

    Midland States Bancorp Inc. filed a Form 8K on November 3, 2026. This SEC filing is available through Investing.com and is noted alongside the company's stock symbol MSBI.

    Investing.com Canada•11/3/26•Neutral

    Form 4 Midland States Bancorp Inc: Kyle Owen Mooney (SVP - Chief Operating Officer) For: 31 October

    This article reports on a Form 4 filing for Midland States Bancorp Inc., indicating an insider transaction by Kyle Owen Mooney...

    Investing.com UK•11/3/26•Neutral

    Form 4 Midland States Bancorp Inc: Jeffrey G. Ludwig (Director, President & CEO) For: 31 October By Investing.com

    This article reports on a Form 4 filing for Midland States Bancorp Inc., detailing transactions made by Jeffrey G. Ludwig, who holds the positions of Director, President...

    Investing.com India•11/2/26•Neutral

    MSBI Valuation and Fair Value

    P/E
    10.3x
    Forward P/E
    8.2x
    EV/EBITDA
    16.4x
    P/FCF
    8.9x
    PEG
    1.4x
    P/B
    1.6x
    See GNG's fair value

    MSBI Profitability: Margins, ROIC and FCF

    Operating margin
    37.5%
    Net margin
    19.0%
    ROIC
    5.2%
    ROE
    10.4%
    FCF margin
    22.6%
    FCF yield
    11.3%

    MSBI Competitors

    CompanyTicker
    World Acceptance CorporationWRLD
    Bar Harbor Bankshares IncBHB
    Community West BancsharesCWBC
    Velocity Financial LlcVEL
    Green Dot CorporationGDOT
    Red River Bancshares IncRRBI
    California BanCorpBCAL
    FinVolution GroupFINV

    Sector: Financial Services

    MSBI Analyst Ratings

    Consensus
    Hold
    Analysts
    5
    Strong Buy
    0
    Buy
    0
    Hold
    5
    Sell
    0
    Strong Sell
    0

    MSBI Bull Case vs Bear Case

    Bull case

    • MSBI converts 22.6% of revenue into free cash flow.
    • MSBI grew quarterly revenue 34.5% year over year.

    MSBI Earnings: Beat Rate and Next Report

    Beat rate
    4 of 8 quarters (50.0%)
    Average surprise
    -67.3%
    EPS estimate (fiscal period ending Dec 31, 2026)
    $1.15

    MSBI Dividend

    Forward yield
    4.2%
    Payout ratio
    46.8%
    3Y DPS growth
    2.8%
    5Y DPS growth
    3.3%
    Pay months
    Feb, May, Aug, Nov
    MSBI dividend history

    MSBI Earnings Date

    MSBI reports Jan 20, 2027. The date is estimated.

    MSBI ETF Holders

    GNG tracks 11 ETFs that hold MSBI. The largest weights:

    1. State Street SPDR S&P Regional Banking ETF (KRE), 0.19% of the fund
    2. iShares Preferred and Income Securities ETF (PFF), 0.06% of the fund
    3. Avantis U.S. Small Cap Value ETF (AVUV), 0.06% of the fund
    4. Virtus InfraCap U.S. Preferred Stock ETF (PFFA), 0.02% of the fund
    5. Fidelity Enhanced Small Cap Core ETF (FESM), 0.02% of the fund
    Open the ETF Stock Exposure tool for MSBI

    See insider activity

    Frequently Asked Questions About MSBI

    When is MSBI's next ex-dividend date?

    MSBI's next ex-dividend date is Nov 13, 2026, for a declared dividend of $0.33 per share (record date Nov 13, 2026, payable Nov 20, 2026).

    When does MSBI report earnings?

    Midland States Bancorp, Inc. (MSBI) is expected to report earnings on Jan 20, 2027.

    What is MSBI's current dividend yield?

    Midland States Bancorp, Inc. (MSBI) has a forward dividend yield of 4.16%.

    Does MSBI pay dividends?

    Yes, Midland States Bancorp, Inc. pays dividends with a forward dividend yield of 4.16%.

    What is MSBI's P/E ratio?

    Midland States Bancorp, Inc. has a price-to-earnings (P/E) ratio of 10.27.

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