profit from every $100 of sales.
$0$100
Midland States Bancorp
$32.44+0.46% today
+101.2% in 1 year
1-year low $15.181-year high $34.53
Trading close to its highest price of the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
It has no yearly profit to compare the price with.
CheapExpensive
Not measured for banks and insurers: deposits and policy reserves count as debt, so the usual debt test says nothing about them.
Money in, money out
What Midland States Bancorp sold, what it kept, and what it did with the cash.
Sales went from $380 million in 2022 to $290 million in 2025, with -$124 million of profit last year.
SalesProfit
Midland States Bancorp handed back 38% of the cash it generated last year.
$37M
Free cash flow 2025$120M
Bought back its own shares$10M
Paid as dividends$37M
Cash vs. debt$127M vs. $380M
Midland States Bancorp vs. similar companies
How it compares with the largest companies in its industry.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| Midland States Bancorp | No profit yet | ||
 China Merchants Bank | 7.8× · Cheap | ||
 DBS Group Holdings | 18.3× · Fair price | ||
 UniCredit | 11.6× · Cheap | ||
 HDFC Bank | 18.6× · Fair price |
AI analysis
An AI analyst reads Midland States Bancorp's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 380 | 340 | 356 | 290 | |
| – | – | – | – | |
| – | – | – | – | |
| – | – | – | – | |
| 100 | 61 | 38 | -124 | |
| 4.28 | 2.33 | -1.05 | 1.01 | |
| – | – | – | – | |
| – | – | – | – | |
| 26.3% | 18.0% | 10.7% | -42.8% |
Balance sheet
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 7,856 | 7,790 | 7,507 | 6,513 |
| Cash | 153 | 134 | 114 | 127 |
| Total debt | 602 | 604 | 423 | 380 |
| Total liabilities | 7,097 | 7,075 | 6,796 | 5,948 |
| 759 | 715 | 711 | 565 | |
| 22 | 22 | 22 | 22 | |
| – | – | – | – | |
| 13.2% | 8.6% | 5.4% | -22.0% |
Cash flow
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 286 | 153 | 177 | 126 | |
| 3 | 9 | 7 | 5 | |
| 282 | 145 | 170 | 120 | |
| Dividends paid | 29 | 35 | 36 | 37 |
| 1 | 18 | 5 | 10 | |
| 2 | 2 | 3 | 3 |
This is a bank or insurer, so cash-flow and debt ratios are left out: borrowing and lending is the business itself. Price to book and return on equity are the measures that matter here.
Valuation
- –
- 10.4×
- –
- 1.1×
- 2.3×
- -18.4%
- 4.6%
Profitability
- -42.8%
- 3.2%
- 1.7%
- 6.2%
- 0.5%
Growth
- −8.6%
- −38.2%
- +3.3%
- −0.7%
How it ranks in Financial Services
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Bottom 44%of 851
Bottom 26%of 737
Bottom 12%of 867
Top 12%of 926
What analysts expect
- Average price target
- $26.50
- Range
- $25.50 – $28.00
- 2 analysts
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| Apr 23, 2026 | 0.79 | 0.60 | +31.7% |
| Jan 22, 2026 | 0.53 | 0.70 | −24.3% |
| Oct 30, 2025 | 0.24 | 0.61 | −60.7% |
| Sep 8, 2025 | 0.55 | – | – |
| Jul 24, 2025 | 0.44 | 0.63 | −30.2% |
| Jun 25, 2025 | -0.05 | 0.63 | −107.8% |
| Oct 24, 2024 | 0.74 | 0.64 | +15.6% |
| Jul 25, 2024 | 0.20 | 0.72 | −72.2% |
4.6%of the share price, paid each year
On $1,000 invested$46a year at today's yield, before tax
+3.3%2020 to 2025
Raised9 yearsin a row, in our data
Paid per share, each year
$0.36 in 2016 → $1.26 in 2025
How safe it looks
104.4% of its profit
Room to growStretchedMore than it earns: 30.4%
News
Smith-Midland secures $2.2M contract for Newport News Navy ProjectSeeking Alpha · Sep 15, 2026The newest story we have is from Sep 15, 2026.
Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
0/7Passes 0 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
30No pass
Benjamin Graham
41No pass
Philip Fisher
27No pass
Peter Lynch
12No pass
Joel Greenblatt
0No pass
Charlie Munger
21No pass
Terry Smith
13No pass
Questions about Midland States Bancorp
Is Midland States Bancorp a good stock to buy?
A business with weak numbers that is not profitable yet. 0 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Midland States Bancorp AI analysis
What does Midland States Bancorp do?
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. It is in Banks - Regional.
Does Midland States Bancorp pay a dividend?
Yes. At today's price the dividend is 4.6% a year, about 104% of its yearly profit. In 2025 it paid out $36.6 million in dividends.
Is Midland States Bancorp stock halal?
No. Midland States Bancorp does not pass our halal screen: its main business, banking, is not permitted. How we check
How has Midland States Bancorp stock done over the past year?
Up 101.2% over the past twelve months, to $32.44. It traded between $15.18 and $34.53 and is 6.1% below its high.
Who are Midland States Bancorp's competitors?
The largest listed companies in the same industry are China Merchants Bank, DBS Group Holdings, UniCredit and HDFC Bank. The peers table on this page compares their profit, growth and price with Midland States Bancorp's.
Prices: daily closes to Nov 10, 2026. Fundamentals: company reports via invest-like data.