Midland 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. The company accepts various deposits, such as checking, savings, money market, and sweep accounts, as well as certificates of deposits. It also offers term loans to purchase capital equipment; lines of credit for working capital and operational purposes; commercial real estate loans for owner occupied and non-owner occupied commercial property, as well as farmland loans; construction and land development loans developers of commercial real estate investment properties, residential developments, individual clients for construction of single family homes, as well as to construct owner-user properties; and residential real estate loans and home equity lines of credit.. In addition, the company provides consumer installment loans for the purchase of cars, boats, and other recreational vehicles, as well as for the purchase of major appliances and other home improvement projects; commercial equipment leasing; and trust and wealth management products and services, including financial and estate planning, trustee and custodial services, investment management, tax and insurance planning, business planning, corporate retirement plan consulting and administration, and retail brokerage services. As of December 31, 2020, it operated 52 full-service banking offices. The company was founded in 1881 and is headquartered in Effingham, Illinois.
IPO Year: 2016
Exchange: NASDAQ
Website: midlandsb.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/1/2022 | Mkt Perform | Raymond James | |
| 10/13/2021 | $30.00 → $28.00 | Overweight → Equal-Weight | Stephens & Co. |
4 - Midland States Bancorp, Inc. (0001466026) (Issuer)
4 - Midland States Bancorp, Inc. (0001466026) (Issuer)
4 - Midland States Bancorp, Inc. (0001466026) (Issuer)
4 - Midland States Bancorp, Inc. (0001466026) (Issuer)
4 - Midland States Bancorp, Inc. (0001466026) (Issuer)
4 - Midland States Bancorp, Inc. (0001466026) (Issuer)
4 - Midland States Bancorp, Inc. (0001466026) (Issuer)
4 - Midland States Bancorp, Inc. (0001466026) (Issuer)
4 - Midland States Bancorp, Inc. (0001466026) (Issuer)
4 - Midland States Bancorp, Inc. (0001466026) (Issuer)
4 - Midland States Bancorp, Inc. (0001466026) (Issuer)
4 - Midland States Bancorp, Inc. (0001466026) (Issuer)
Third Quarter 2024 Highlights: Net income available to common shareholders of $16.2 million, or $0.74 per diluted shareAdjusted pre-tax, pre-provision earnings of $27.5 millionTangible book value per share increased to $24.90, compared to $23.36 at June 30, 2024Common equity tier 1 capital ratio improved to 9.00%, compared to 8.64% at June 30, 2024Net interest margin of 3.10%, compared to 3.12% in prior quarterEfficiency ratio of 62.8%, compared to 65.2% in prior quarter EFFINGHAM, Ill., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ:MSBI) (the "Company") today reported net income available to common shareholders of $16.2 million, or $0.74 per diluted share, for t
EFFINGHAM, Ill., Oct. 04, 2024 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ:MSBI) announced today that it will issue its third quarter 2024 financial results after market close on Thursday, October 24, 2024. Along with the press release announcing the financial results, the Company will publish an investor presentation that will be available on the Webcasts and Presentations page of its investor relations website. About Midland State Bancorp, Inc. Midland States Bancorp, Inc. is a community-based financial holding company headquartered in Effingham, Illinois, and is the sole shareholder of Midland States Bank. As of June 30, 2024, the Company had total assets of approximately
EFFINGHAM, Ill., Aug. 06, 2024 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ:MSBI) announced today that its Board of Directors declared a quarterly cash dividend of $0.31 per share of its common stock. The dividend is payable on August 23, 2024 to all shareholders of record as of the close of business on August 16, 2024. The Board of Directors also declared a cash dividend of $0.4844 per depository share on its 7.75% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A. The dividend will be payable on September 30, 2024 to stockholders of record as of September 16, 2024. About Midland States Bancorp, Inc. Midland States Bancorp, Inc. is a community-based financ
Second Quarter 2024 Highlights: Net income available to common shareholders of $4.5 million, or $0.20 per diluted shareAdjusted pre-tax, pre-provision earnings of $25.2 millionTangible book value per share decreased to $23.36, compared to $23.44 at March 31, 2024Common equity tier 1 capital ratio improved to 8.63% from 8.60%Net interest margin of 3.12%, compared to 3.18% in prior quarterEfficiency ratio of 65.2%, compared to 58.0% in prior quarter EFFINGHAM, Ill., July 25, 2024 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ:MSBI) (the "Company") today reported net income available to common shareholders of $4.5 million, or $0.20 per diluted share, for the second quarter of 2024
ATLANTA, July 15, 2024 /PRNewswire/ -- Transend, the first B2B private-label working capital solution that is redefining how suppliers do business with their commercial customers, today announced its strategic partnership with Midland States Bank, a subsidiary of Midland States Bancorp, Inc. (NASDAQ:MSBI). Through this partnership, Transend and Midland will take an innovative approach to traditional financing, offering dynamic payment solutions that empower suppliers to offer instant access to working capital at the point of commerce. "To partner with such a forward-thinking c
EFFINGHAM, Ill., July 05, 2024 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ:MSBI) announced today that it will issue its second quarter 2024 financial results after market close on Thursday, July 25, 2024. Along with the press release announcing the financial results, the Company will publish an investor presentation that will be available on the Webcasts and Presentations page of its investor relations website. About Midland State Bancorp, Inc. Midland States Bancorp, Inc. is a community-based financial holding company headquartered in Effingham, Illinois, and is the sole shareholder of Midland States Bank. As of March 31, 2024, the Company had total assets of approximately
EFFINGHAM, Ill., May 07, 2024 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ:MSBI) announced today that its Board of Directors has appointed Travis Franklin to its Board, effective May 7, 2024. Mr. Franklin has been appointed to the Board of Midland States Bank, the Company's wholly-owned Illinois bank subsidiary. Mr. Franklin currently serves as Executive Vice President and Chief Financial Officer of Heartland Dental, LLC, a leading dental support organization that provides operational support to dental practices nationwide. Prior to joining Heartland Dental he served as Chief Investment Officer for a family office. Mr. Franklin holds a B.S. in Business Management and an M.B.
EFFINGHAM, Ill., May 07, 2024 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ:MSBI) announced today that its Board of Directors declared a quarterly cash dividend of $0.31 per share of its common stock. The dividend is payable on May 24, 2024 to all shareholders of record as of the close of business on May 17, 2024. The Board of Directors also declared a cash dividend of $0.4844 per depository share on its 7.75% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A. The dividend will be payable on July 1, 2024 to stockholders of record as of June 17, 2024. About Midland States Bancorp, Inc. Midland States Bancorp, Inc. is a community-based financial holding compan
First Quarter 2024 Highlights: Net income available to common shareholders of $11.7 million, or $0.53 per diluted sharePre-tax, pre-provision earnings of $32.2 millionTangible book value per share increased 0.4% from prior quarter to $23.44Common equity tier 1 capital ratio improved to 8.60% from 8.40%Net interest margin of 3.18%, compared to 3.21% in prior quarterEfficiency ratio of 58.0%, compared to 55.2% in prior quarter EFFINGHAM, Ill., April 25, 2024 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ:MSBI) (the "Company") today reported net income available to common shareholders of $11.7 million, or $0.53 per diluted share, for the first quarter of 2024, compared to
EFFINGHAM, Ill., April 05, 2024 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ:MSBI) announced today that it will issue its first quarter 2024 financial results after market close on Thursday, April 25, 2024. Along with the press release announcing the financial results, the Company will publish an investor presentation that will be available on the Webcasts and Presentations page of its investor relations website. About Midland State Bancorp, Inc. Midland States Bancorp, Inc. is a community-based financial holding company headquartered in Effingham, Illinois, and is the sole shareholder of Midland States Bank. As of December 31, 2023, the Company had total assets of approximat
8-K - Midland States Bancorp, Inc. (0001466026) (Filer)
8-K - Midland States Bancorp, Inc. (0001466026) (Filer)
10-Q - Midland States Bancorp, Inc. (0001466026) (Filer)
8-K - Midland States Bancorp, Inc. (0001466026) (Filer)
8-K - Midland States Bancorp, Inc. (0001466026) (Filer)
8-K - Midland States Bancorp, Inc. (0001466026) (Filer)
10-Q - Midland States Bancorp, Inc. (0001466026) (Filer)
8-K - Midland States Bancorp, Inc. (0001466026) (Filer)
8-K - Midland States Bancorp, Inc. (0001466026) (Filer)
8-K - Midland States Bancorp, Inc. (0001466026) (Filer)
ATLANTA, July 15, 2024 /PRNewswire/ -- Transend, the first B2B private-label working capital solution that is redefining how suppliers do business with their commercial customers, today announced its strategic partnership with Midland States Bank, a subsidiary of Midland States Bancorp, Inc. (NASDAQ:MSBI). Through this partnership, Transend and Midland will take an innovative approach to traditional financing, offering dynamic payment solutions that empower suppliers to offer instant access to working capital at the point of commerce. "To partner with such a forward-thinking c
EFFINGHAM, Ill., May 07, 2024 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ:MSBI) announced today that its Board of Directors has appointed Travis Franklin to its Board, effective May 7, 2024. Mr. Franklin has been appointed to the Board of Midland States Bank, the Company's wholly-owned Illinois bank subsidiary. Mr. Franklin currently serves as Executive Vice President and Chief Financial Officer of Heartland Dental, LLC, a leading dental support organization that provides operational support to dental practices nationwide. Prior to joining Heartland Dental he served as Chief Investment Officer for a family office. Mr. Franklin holds a B.S. in Business Management and an M.B.
EFFINGHAM, Ill., Feb. 06, 2024 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ:MSBI) (the "Company" or "Midland") announced today that Gerald Carlson has been appointed to the Board of Directors of the Company and Midland States Bank. With the addition of Mr. Carlson, the Company's Board of Directors now has 11 directors, with 10 of the directors classified as independent. "We are very pleased to add Jerry to our Board of Directors," said Jeffrey C. Smith, Chairman of the Board of the Company. "Jerry is a highly accomplished executive who brings a wealth of experience to the Board, and he spent a good part of his career in St. Louis. We believe the St. Louis market represen
EFFINGHAM, Ill., June 10, 2022 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ:MSBI) (the "Company" or "Midland") announced today that Sherina Maye Edwards has been appointed to the Board of Directors of the Company and Midland States Bank. Ms. Edwards is the Chief Strategy Officer of MasTec, Inc. (NYSE:MTZ), a leading infrastructure construction company operating mainly throughout North America across a range of industries. Most recently, she was the President and CEO of INTREN, a subsidiary of MasTec. With the addition of Ms. Edwards, the Company's Board of Directors now has 11 members, with 10 of the directors classified as independent. "We are very pleased to add Sherina to o
Third Quarter 2024 Highlights: Net income available to common shareholders of $16.2 million, or $0.74 per diluted shareAdjusted pre-tax, pre-provision earnings of $27.5 millionTangible book value per share increased to $24.90, compared to $23.36 at June 30, 2024Common equity tier 1 capital ratio improved to 9.00%, compared to 8.64% at June 30, 2024Net interest margin of 3.10%, compared to 3.12% in prior quarterEfficiency ratio of 62.8%, compared to 65.2% in prior quarter EFFINGHAM, Ill., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ:MSBI) (the "Company") today reported net income available to common shareholders of $16.2 million, or $0.74 per diluted share, for t
EFFINGHAM, Ill., Oct. 04, 2024 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ:MSBI) announced today that it will issue its third quarter 2024 financial results after market close on Thursday, October 24, 2024. Along with the press release announcing the financial results, the Company will publish an investor presentation that will be available on the Webcasts and Presentations page of its investor relations website. About Midland State Bancorp, Inc. Midland States Bancorp, Inc. is a community-based financial holding company headquartered in Effingham, Illinois, and is the sole shareholder of Midland States Bank. As of June 30, 2024, the Company had total assets of approximately
EFFINGHAM, Ill., Aug. 06, 2024 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ:MSBI) announced today that its Board of Directors declared a quarterly cash dividend of $0.31 per share of its common stock. The dividend is payable on August 23, 2024 to all shareholders of record as of the close of business on August 16, 2024. The Board of Directors also declared a cash dividend of $0.4844 per depository share on its 7.75% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A. The dividend will be payable on September 30, 2024 to stockholders of record as of September 16, 2024. About Midland States Bancorp, Inc. Midland States Bancorp, Inc. is a community-based financ
Second Quarter 2024 Highlights: Net income available to common shareholders of $4.5 million, or $0.20 per diluted shareAdjusted pre-tax, pre-provision earnings of $25.2 millionTangible book value per share decreased to $23.36, compared to $23.44 at March 31, 2024Common equity tier 1 capital ratio improved to 8.63% from 8.60%Net interest margin of 3.12%, compared to 3.18% in prior quarterEfficiency ratio of 65.2%, compared to 58.0% in prior quarter EFFINGHAM, Ill., July 25, 2024 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ:MSBI) (the "Company") today reported net income available to common shareholders of $4.5 million, or $0.20 per diluted share, for the second quarter of 2024
EFFINGHAM, Ill., July 05, 2024 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ:MSBI) announced today that it will issue its second quarter 2024 financial results after market close on Thursday, July 25, 2024. Along with the press release announcing the financial results, the Company will publish an investor presentation that will be available on the Webcasts and Presentations page of its investor relations website. About Midland State Bancorp, Inc. Midland States Bancorp, Inc. is a community-based financial holding company headquartered in Effingham, Illinois, and is the sole shareholder of Midland States Bank. As of March 31, 2024, the Company had total assets of approximately
EFFINGHAM, Ill., May 07, 2024 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ:MSBI) announced today that its Board of Directors declared a quarterly cash dividend of $0.31 per share of its common stock. The dividend is payable on May 24, 2024 to all shareholders of record as of the close of business on May 17, 2024. The Board of Directors also declared a cash dividend of $0.4844 per depository share on its 7.75% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A. The dividend will be payable on July 1, 2024 to stockholders of record as of June 17, 2024. About Midland States Bancorp, Inc. Midland States Bancorp, Inc. is a community-based financial holding compan
First Quarter 2024 Highlights: Net income available to common shareholders of $11.7 million, or $0.53 per diluted sharePre-tax, pre-provision earnings of $32.2 millionTangible book value per share increased 0.4% from prior quarter to $23.44Common equity tier 1 capital ratio improved to 8.60% from 8.40%Net interest margin of 3.18%, compared to 3.21% in prior quarterEfficiency ratio of 58.0%, compared to 55.2% in prior quarter EFFINGHAM, Ill., April 25, 2024 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ:MSBI) (the "Company") today reported net income available to common shareholders of $11.7 million, or $0.53 per diluted share, for the first quarter of 2024, compared to
EFFINGHAM, Ill., April 05, 2024 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ:MSBI) announced today that it will issue its first quarter 2024 financial results after market close on Thursday, April 25, 2024. Along with the press release announcing the financial results, the Company will publish an investor presentation that will be available on the Webcasts and Presentations page of its investor relations website. About Midland State Bancorp, Inc. Midland States Bancorp, Inc. is a community-based financial holding company headquartered in Effingham, Illinois, and is the sole shareholder of Midland States Bank. As of December 31, 2023, the Company had total assets of approximat
EFFINGHAM, Ill., Feb. 06, 2024 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ:MSBI) announced today that its Board of Directors declared a quarterly cash dividend of $0.31 per share of its common stock, an increase of 3.3% from the previous quarterly cash dividend of $0.30 per share. The dividend is payable on February 23, 2024 to all shareholders of record as of the close of business on February 16, 2024. The Board of Directors also declared a cash dividend of $0.4844 per depository share on its 7.75% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A. The dividend will be payable on April 1, 2024 to stockholders of record as of March 15, 2024. Jeffrey G.
Fourth Quarter 2023 Highlights: Net income available to common shareholders of $18.5 million, or $0.84 per diluted shareAdjusted earnings available to common shareholders of $19.8 million, or $0.89 per diluted shareTangible book value per share increased 7.8% from prior quarter to $23.35Common equity tier 1 capital ratio improved to 8.40% from 8.07%Net interest margin of 3.21%, compared to 3.20% in prior quarterEfficiency ratio of 55.2% compared to 55.8% in prior quarter EFFINGHAM, Ill., Jan. 25, 2024 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ:MSBI) (the "Company") today reported net income available to common shareholders of $18.5 million, or $0.84 per diluted share, for t
Raymond James initiated coverage of Midland States Bancorp with a rating of Mkt Perform
Stephens & Co. downgraded Midland States Bancorp from Overweight to Equal-Weight and set a new price target of $28.00 from $30.00 previously
Stephens upgraded Midland States Bancorp from Equal Weight to Overweight
Stephens upgraded Midland States Bancorp from Equal-Weight to Overweight and set a new price target of $28.00
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Stephens & Co. analyst Terry McEvoy maintains Midland States Bancorp (NASDAQ:MSBI) with a Equal-Weight and lowers the price target from $29 to $27.
Keefe, Bruyette & Woods analyst Damon Delmonte maintains Midland States Bancorp (NASDAQ:MSBI) with a Market Perform and lowers the price target from $28 to $26.
Piper Sandler analyst Nathan Race maintains Midland States Bancorp (NASDAQ:MSBI) with a Neutral and lowers the price target from $26 to $24.5.
Midland States Bancorp (NASDAQ:MSBI) reported quarterly earnings of $0.53 per share which missed the analyst consensus estimate of $0.73 by 27.4 percent. This is a 39.77 percent decrease over earnings of $0.88 per share from the same period last year. The company reported quarterly sales of $77.107 million which beat the analyst consensus estimate of $74.930 million by 2.91 percent. This is a 1.08 percent increase over sales of $76.283 million the same period last year.
Piper Sandler analyst Andrew Liesch maintains Midland States Bancorp (NASDAQ:MSBI) with a Neutral and raises the price target from $26 to $29.
Midland States Bancorp (NASDAQ:MSBI) reported its Q4 earnings results on Thursday, January 25, 2024 at 04:30 PM. Here's what investors need to know about the announcement. Earnings Midland States Bancorp beat estimated earnings by 12.66%, reporting an EPS of $0.89 versus an estimate of $0.79. Revenue was down $18.80 million from the same period last year. Past Earnings Performance Last quarter the company beat on EPS by $0.01 which was followed by a 1.3% drop in the share price the next day. Here's a look at Midland States Bancorp's past performance: Quarter Q3 2023 Q2 2023 Q1 2023 Q4 2022 EPS Estimate 0.77 0.80 0.82 0.92 EPS Actual 0.78 0.87 0.88 0.85 Revenue Estimate 75.57M 76.7
Midland States Bancorp (NASDAQ:MSBI) reported quarterly earnings of $0.89 per share which beat the analyst consensus estimate of $0.79 by 12.66 percent. This is a 4.71 percent increase over earnings of $0.85 per share from the same period last year. The company reported quarterly sales of $78.59 million which beat the analyst consensus estimate of $75.49 million by 4.11 percent. This is a 19.30 percent decrease over sales of $97.39 million the same period last year.
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