About Midland States Bancorp, Inc.
https://www.midlandsb.comMidland States Bancorp, Inc. operates as a financial holding company for Midland States Bank that provides various banking products and services to individuals, businesses, municipalities, and other entities. It operates through Banking, Wealth Management, and Other segments.
CEO
Jeffrey G. Ludwig CPA
Compensation Summary
(Year 2022)
ETFs Holding This Stock
Summary
Showing Top 3 of 92
Ratings Snapshot
Rating : B-
Most Recent Analyst Grades
Grade Summary
Showing Top 3 of 3
Price Target
Institutional Ownership
BLACKROCK INC.
Shares:3.14M
Value:$70.56M
BLACKROCK, INC.
Shares:3M
Value:$67.59M
DIMENSIONAL FUND ADVISORS LP
Shares:1.19M
Value:$26.85M
Summary
Showing Top 3 of 163
About Midland States Bancorp, Inc.
https://www.midlandsb.comMidland States Bancorp, Inc. operates as a financial holding company for Midland States Bank that provides various banking products and services to individuals, businesses, municipalities, and other entities. It operates through Banking, Wealth Management, and Other segments.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q3-2025 | $115.51M ▼ | $46.82M ▲ | $7.56M ▼ | 6.54% ▼ | $0.24 ▼ | $14.23M ▼ |
| Q2-2025 | $118.08M ▲ | $46.62M ▼ | $12.02M ▲ | 10.18% ▲ | $0.45 ▼ | $17.86M ▲ |
| Q1-2025 | $115.03M ▼ | $200.92M ▲ | $-140.97M ▼ | -122.55% ▼ | $0.57 ▲ | $-134.68M ▼ |
| Q4-2024 | $182.48M ▲ | $54.37M ▲ | $-1.07M ▼ | -0.58% ▼ | $-0.15 ▼ | $910K ▼ |
| Q3-2024 | $137.57M | $44.8M | $20.43M | 14.85% | $0.74 | $28.15M |
What's going well?
The company is still profitable and interest income remains strong. No unusual charges distorted the results, and the business continues to generate positive operating income.
What's concerning?
Revenue fell, margins are under pressure, and net income dropped sharply. Rising costs and high interest expenses are eating into profits, with little sign of cost control.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q3-2025 | $0 ▼ | $6.91B ▼ | $6.33B ▼ | $584M ▲ |
| Q2-2025 | $180.28M ▼ | $7.11B ▼ | $6.53B ▼ | $573.71M ▲ |
| Q1-2025 | $1.21B ▲ | $7.28B ▼ | $6.71B ▼ | $571.44M ▼ |
| Q4-2024 | $1.07B ▼ | $7.51B ▼ | $6.8B ▼ | $710.85M ▼ |
| Q3-2024 | $1.33B | $7.75B | $6.93B | $818.26M |
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q3-2025 | $7.56M ▲ | $79.98M ▲ | $145.24M ▼ | $-235.67M ▼ | $-2.09M ▼ | $79.98M ▲ |
| Q2-2025 | $-143.75M ▼ | $28.06M ▲ | $229.47M ▲ | $-182.94M ▼ | $74.58M ▲ | $29.9M ▲ |
| Q1-2025 | $14.8M ▲ | $24.7M ▼ | $39.47M ▼ | $-76.92M ▲ | $-12.76M ▼ | $22.85M ▼ |
| Q4-2024 | $-1.07M ▼ | $98.33M ▲ | $61.69M ▲ | $-167.13M ▼ | $-7.11M ▼ | $95.62M ▲ |
| Q3-2024 | $18.48M | $33.23M | $11.13M | $-47.13M | $-2.77M | $31.12M |
Revenue by Products
| Product | Q2-2024 | Q4-2024 | Q3-2024 | Q2-2025 |
|---|---|---|---|---|
 Asset Management | $10.00M ▲ | $10.00M ▲ | $10.00M ▲ | $10.00M ▲ |
 Credit Card Merchant Discount | $0 ▲ | $0 ▲ | $0 ▲ | $0 ▲ |
 Interchange Revenues | $0 ▲ | $0 ▲ | $0 ▲ | $0 ▲ |
 Investment Advisory Management and Administrative Service | $0 ▲ | $0 ▲ | $0 ▲ | $0 ▲ |
 Nonsufficient Fund Fees | $0 ▲ | $0 ▲ | $0 ▲ | $0 ▲ |
 Other Deposit Account | $0 ▲ | $0 ▲ | $0 ▲ | $0 ▲ |
 Other Wealth Management Revenue | $0 ▲ | $0 ▲ | $0 ▲ | $0 ▲ |
 Service Other | $0 ▲ | $0 ▲ | $0 ▲ | $0 ▲ |
CEO
Jeffrey G. Ludwig CPA
Compensation Summary
(Year 2022)
ETFs Holding This Stock
Summary
Showing Top 3 of 92
Ratings Snapshot
Rating : B-
Most Recent Analyst Grades
Grade Summary
Showing Top 3 of 3
Price Target
Institutional Ownership
BLACKROCK INC.
Shares:3.14M
Value:$70.56M
BLACKROCK, INC.
Shares:3M
Value:$67.59M
DIMENSIONAL FUND ADVISORS LP
Shares:1.19M
Value:$26.85M
Summary
Showing Top 3 of 163