Midland States Bancorp, Inc. (MSBI) — Financial statements
Income statement, balance sheet, and cash flow for Midland States Bancorp, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 468↓14.4% | 546↑7.4% | 508↑16.5% | 437↑39.4% | 313 | |
| Cost of Revenue | 199↓35.7% | 310↑23.6% | 251↑88.9% | 133↑296.0% | 34 | |
| Gross Profit | 268↑13.7% | 236↓8.4% | 258↓15.2% | 304↑8.6% | 280 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 122↑23.6% | 99↑0.7% | 98↑4.9% | 94↑3.8% | 90 | |
| Selling & Marketing Expenses | 4↓9.9% | 4↑24.3% | 3↓4.8% | 3↑2.4% | 3 | |
| SG&A Expenses | 126↑22.4% | 103↑1.4% | 101↑4.6% | 97↑3.7% | 93 | |
| Other Expenses | 246↑185.1% | 86↑26.2% | 68↓9.4% | 75↓13.5% | 87 | |
| Operating Expenses | 372↑96.5% | 189↑11.4% | 170↓1.5% | 172↓4.6% | 181 | |
| Total Costs & Expenses | 571↑14.4% | 499↑18.7% | 421↑37.8% | 305↑42.5% | 214 | |
| Operating Results | ||||||
| Operating Income | -103↓320.1% | 47↓46.7% | 88↓33.1% | 131↑32.6% | 99 | |
| Depreciation & Amortization | 10 | 0.00↓100.0% | 13↓11.5% | 14↓12.0% | 16 | |
| EBITDA | -93↓299.3% | 47↓53.4% | 101↓30.9% | 146↑26.2% | 115 | |
| EBIT | -103↓320.1% | 47↓46.7% | 88↓33.1% | 131↑32.6% | 99 | |
| Interest & Other Income | ||||||
| Net Interest Income | 237↑6.7% | 222↓10.8% | 249↓3.1% | 257↑23.6% | 208 | |
| Interest Income | 388↓5.8% | 412↓1.3% | 417↑33.4% | 313↑31.5% | 238 | |
| Interest Expense | 151↓20.4% | 190↑12.8% | 168↑200.4% | 56↑85.9% | 30 | |
| Non-Operating Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other Income / Expenses | -12 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Income Before Tax | -115↓344.9% | 47↓46.7% | 88↓33.1% | 131↑32.6% | 99 | |
| Income Tax Expense | 9↑6.3% | 9↓67.0% | 27↓13.9% | 31↑75.0% | 18 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | -124↓426.7% | 38↓37.8% | 61↓39.0% | 100↑23.3% | 81 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | -124↓426.7% | 38↓37.8% | 61↓39.0% | 100↑23.3% | 81 | |
| Bottom-Line Net Income | -140↓590.4% | 29↓44.5% | 52↓46.2% | 96↑19.2% | 80 | |
| EPS (Basic) | -6.14↓565.2% | 1.32↓43.3% | 2.33↓45.0% | 4.24↑18.4% | 3.58 | |
| EPS (Diluted) | -6.14↓565.2% | 1.32↓43.3% | 2.33↓44.9% | 4.23↑18.5% | 3.57 | |
| Weighted Average Shares | 22↑0.8% | 22↓2.0% | 22↓1.0% | 22↓0.6% | 22 | |
| Weighted Average Diluted Shares | 22↑0.5% | 22↓1.7% | 22↓1.2% | 22↓0.7% | 23 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.