Midland States Bancorp Inc (MSBIP)

Name: Midland States Bancorp Inc Financial Statements
Creator: Quarter Results

Financial Services | Banks Regional

Latest reporting period: 2025-03-31

Latest Quarter

2025-03-31

Revenue

$17.8M

Net Income

$14.8M

Operating Margin

0.0%

Free Cash Flow

$120M

Debt / Assets

91.3%

Values are in USD and rounded to the nearest whole number unless noted.

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Income statement quarterly history for Midland States Bancorp Inc (MSBIP).
Income Statement (Quarterly)	2025-03-31	2024-12-31	2024-09-30	2024-06-30
Revenue	17,763,000	56,035,000	72,354,000	120,851,000
Cost of Revenue	0	0	53,015,000	103,295,000
Gross Profit	17,763,000	19,561,000	19,339,000	17,556,000
Operating Expenses
R&D Expenses	0	0	0	0
SG&A Expenses	0	0	26,751,000	24,832,000
Operating Expenses	0	0	72,354,000	20,643,000
Operating Income	0	0	22,556,000	10,664,000
Interest Expense	41,065,000	45,900,000	49,884,000	48,243,000
Income Before Tax	18,774,000	-72,127,000	22,556,000	8,429,000
Income Tax Expense	3,975,000	-19,586,000	4,080,000	1,679,000
Net Income	14,799,000	-54,769,000	18,476,000	6,750,000
Per Share
EPS	0.57	-2.42	0.43	0.20
EPS Diluted	0.00	0.00	0.00	0.00

Income statement annual history for Midland States Bancorp Inc (MSBIP).
Income Statement (Annual)	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Revenue	467,591,000	77,743,000	404,296,000	322,303,000
Cost of Revenue	199,287,000	0	0	0
Gross Profit	268,304,000	77,743,000	404,296,000	322,303,000
Operating Expenses
R&D Expenses	0	0	0	0
SG&A Expenses	125,841,000	100,645,000	101,375,000	93,623,000
Operating Expenses	371,547,000	100,645,000	298,401,000	3,318,000
Operating Income	-103,243,000	-22,902,000	107,573,000	168,312,000
Interest Expense	151,063,000	189,782,000	168,279,000	56,020,000
Income Before Tax	-114,868,000	-22,902,000	107,573,000	129,838,000
Income Tax Expense	9,413,000	-9,472,000	32,113,000	30,813,000
Net Income	-124,281,000	-13,430,000	75,460,000	99,025,000
Per Share
EPS	-6.14	-0.62	2.97	4.24
EPS Diluted	0.00	0.00	0.00	0.00

Balance sheet quarterly history for Midland States Bancorp Inc (MSBIP).
Balance Sheet (Quarterly)	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Assets
Cash and Cash Equivalents	127,811,000	114,055,000	134,212,000	143,035,000
Short Term Investments	1,291,817,000	1,207,574,000	915,895,000	768,234,000
Net Receivables	23,824,000	25,329,000	498,284,000	512,057,000
Inventory	0	0	-159,995,000	-669,107,000
Total Current Assets	1,652,754,000	1,327,132,000	169,107,000	931,582,000
Property Plant Equipment	85,134,000	85,710,000	82,814,000	78,293,000
Goodwill and Intangibles	16,803,000	191,846,000	198,265,000	183,975,000
Total Assets	6,511,127,000	7,529,055,000	7,866,868,000	7,855,501,000
Liabilities
Account Payables	0	124,266,000	110,459,000	80,217,000
Short Term Debt	60,181,000	89,267,000	202,890,000	42,311,000
Total Current Liabilities	60,181,000	87,499,000	3,290,070,000	42,311,000
Long Term Debt	371,876,000	386,954,000	454,162,000	559,772,000
Total Liabilities	5,945,628,000	6,792,942,000	7,075,015,000	7,096,927,000
Shareholders Equity
Retained Earnings	86,825,000	247,698,000	322,379,000	282,405,000
Total Shareholders Equity	565,499,000	710,847,000	791,853,000	758,574,000

Balance sheet annual history for Midland States Bancorp Inc (MSBIP).
Balance Sheet (Annual)	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Assets
Cash and Cash Equivalents	127,811,000	114,055,000	134,212,000	143,035,000
Short Term Investments	1,291,817,000	1,207,574,000	915,895,000	768,234,000
Net Receivables	23,824,000	25,329,000	498,284,000	512,057,000
Inventory	0	0	-159,995,000	-669,107,000
Total Current Assets	1,652,754,000	1,327,132,000	169,107,000	931,582,000
Property Plant Equipment	85,134,000	85,710,000	82,814,000	78,293,000
Goodwill and Intangibles	16,803,000	191,846,000	198,265,000	183,975,000
Total Assets	6,511,127,000	7,529,055,000	7,866,868,000	7,855,501,000
Liabilities
Account Payables	0	124,266,000	110,459,000	80,217,000
Short Term Debt	60,181,000	89,267,000	202,890,000	42,311,000
Total Current Liabilities	60,181,000	87,499,000	3,290,070,000	42,311,000
Long Term Debt	371,876,000	386,954,000	454,162,000	559,772,000
Total Liabilities	5,945,628,000	6,792,942,000	7,075,015,000	7,096,927,000
Shareholders Equity
Retained Earnings	86,825,000	247,698,000	322,379,000	282,405,000
Total Shareholders Equity	565,499,000	710,847,000	791,853,000	758,574,000

Cash flow quarterly history for Midland States Bancorp Inc (MSBIP).
Cash Flow Statement (Quarterly)	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Operating Activities
Net Income	-124,281,000	38,044,000	74,556,000	99,025,000
Depreciation & Amortization	8,116,000	13,156,000	11,171,000	14,377,000
Stock Based Compensation	2,913,000	3,031,000	2,489,000	2,211,000
Change in Working Capital	-9,825,000	8,628,000	4,309,000	-23,820,000
Operating Cash Flow	125,679,000	176,546,000	114,740,000	236,755,000
Investing Activities
Capital Expenditure	-5,346,000	-6,901,000	-57,334,000	-3,470,000
Investments	0	-6,901,000	-57,334,000	-3,470,000
Investing Cash Flow	748,905,000	136,708,000	-36,182,000	-1,098,887,000
Financing Activities
Debt Repayment	-43,068,000	-181,129,000	-2,709,000	-3,430,171,000
Common Stock Issued/Repurchased	-9,015,000	-5,475,000	-16,228,000	109,439,000
Dividends Paid	-36,592,000	-35,985,000	-35,486,000	-29,092,000
Financing Cash Flow	-861,539,000	-333,549,000	-104,128,000	332,082,000
Summary
Free Cash Flow	120,333,000	169,645,000	57,406,000	233,285,000
Net Change in Cash	-8,209,000	-20,295,000	-25,570,000	-530,050,000

Cash flow annual history for Midland States Bancorp Inc (MSBIP).
Cash Flow Statement (Annual)	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Operating Activities
Net Income	-124,281,000	38,044,000	74,556,000	99,025,000
Depreciation & Amortization	8,116,000	13,156,000	11,171,000	14,377,000
Stock Based Compensation	2,913,000	3,031,000	2,489,000	2,211,000
Change in Working Capital	-9,825,000	8,628,000	4,309,000	-23,820,000
Operating Cash Flow	125,679,000	176,546,000	114,740,000	236,755,000
Investing Activities
Capital Expenditure	-5,346,000	-6,901,000	-57,334,000	-3,470,000
Investments	0	-6,901,000	-57,334,000	-3,470,000
Investing Cash Flow	748,905,000	136,708,000	-36,182,000	-1,098,887,000
Financing Activities
Debt Repayment	-43,068,000	-181,129,000	-2,709,000	-3,430,171,000
Common Stock Issued/Repurchased	-9,015,000	-5,475,000	-16,228,000	109,439,000
Dividends Paid	-36,592,000	-35,985,000	-35,486,000	-29,092,000
Financing Cash Flow	-861,539,000	-333,549,000	-104,128,000	332,082,000
Summary
Free Cash Flow	120,333,000	169,645,000	57,406,000	233,285,000
Net Change in Cash	-8,209,000	-20,295,000	-25,570,000	-530,050,000