NASDAQ · Finance

Midland States Bancorp, Inc. (MSBI)

Operating cash flow minus capital spending left $120.3M of free cash flow in fiscal 2025. At September 30, 2026 it held $99.6M in cash. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on October 29, 2026.

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Price

$32.29

+1.80% on the day · November 9, 2026

52-week range $15.06 to $35.10

Market cap

$670.1M

Key facts about Midland States Bancorp, Inc.

Net worth: Midland States Bancorp, Inc. has a market value (market cap) of $670.1M at the latest share price, and shareholders' equity of $531.4M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Cash flow: In fiscal 2025 operations brought in $125.7M of cash; after $5.3M of capital spending, free cash flow was $120.3M.
Latest report: The latest periodic report (quarterly report, 10-Q) was filed with the SEC on October 29, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
Next earnings report: Midland States Bancorp, Inc.'s next report is expected around January 21, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
Dividend: Midland States Bancorp, Inc. declared dividends of $1.26 per share in fiscal 2025, a yield of 3.90% at the current price.

What Midland States Bancorp, Inc. does

Midland States Bancorp, Inc. is registered with the SEC under industry code SIC 6022 (State Commercial Banks). Its shares trade on NASDAQ under the ticker MSBI.

Revenue and profit by year

Net income

Fiscal years as reported in annual reports. Amounts in USD.

Key figures

Fiscal year	Revenue	Operating income	Net income	Diluted EPS	Free cash flow
2025	n/a	n/a	-$124.3M	-$6.12	$120.3M
2024	n/a	n/a	$38M	$1.32	$169.6M
2023	n/a	n/a	$61.2M	$2.33	$144.6M
2022	n/a	n/a	$100.2M	$4.28	$282.3M
2021	n/a	n/a	$81.3M	$3.57	$331.7M
2020	n/a	n/a	$22.5M	$0.95	$496.6M

Earnings: every quarter and the next report date

Full financial statements: income, balance sheet and cash flow

Next report expected around January 21, 2027.

Estimated from its filing rhythm: 52 weeks after its report of January 22, 2026. Not a date the company has announced. See the report calendar · Earnings, quarter by quarter

Dividends

Midland States Bancorp, Inc. declared $1.26 per share in fiscal 2025. At the current price that is a yield of 3.90%. It paid out $27.7M in cash dividends.

Fiscal year	Per share	Paid out	Of profit
2025	$1.26	$27.7M	n/a
2024	$1.24	$27.1M	71%
2023	$1.20	$26.6M	43%
2022	$1.16	$25.9M	26%
2021	$1.12	$25.2M	31%
2020	$1.07	$25M	111%

Per share as declared (or paid, where only that is reported), adjusted for stock splits the company itself restated. Yield is the latest fiscal year's dividend over the current price.

Latest SEC filings

What Midland States Bancorp, Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.

November 3, 2026
Other event 8-K
October 29, 2026
Quarterly report 10-Q · period to September 30, 2026Diluted EPS $0.95 versus $0.24.
October 22, 2026
Quarterly results 8-K
October 6, 2026
Shelf registration to sell securities S-3
August 4, 2026
Other event 8-K
July 30, 2026
Quarterly report 10-Q · period to June 30, 2026Diluted EPS $0.82 versus $0.44.
July 28, 2026
Investor disclosure 8-K
July 23, 2026
Quarterly results 8-K
May 11, 2026
Executive or director change 8-K
May 8, 2026
Shareholder vote results 8-K

Recent insider filings (Forms 3, 4 and 144): 10, the latest on November 9, 2026. Insider transactions on SEC

Insider trades

What the people running Midland States Bancorp, Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.

Insiders sold $96.2K worth of shares in the last 90 days and bought none on the open market.

Bought (open market)

last 90 days

Sold

$96.2K

last 90 days

Net sold

2,889

$96.2K

Date	Insider	What	Shares	Price	Value	Filing
November 7, 2026	Casey Daniel EdwardCROF	Shares withheld for tax	395	$31.72	$12.5K	Form 4
November 7, 2026	Jameson Jeremy AndrewEVP - Chief Credit Officer	Shares withheld for tax	169	$31.72	$5.4K	Form 4
November 7, 2026	Ludwig Jeffrey G.President & CEO, Director	Shares withheld for tax	1,473	$31.72	$46.7K	Form 4
November 7, 2026	Mooney Kyle OwenSVP - Chief Operating Officer	Shares withheld for tax	156	$31.72	$4.9K	Form 4
November 6, 2026	Casey Daniel EdwardCROF	Shares withheld for tax	463	$31.72	$14.7K	Form 4
November 6, 2026	Ludwig Jeffrey G.President & CEO, Director	Shares withheld for tax	1,712	$31.72	$54.3K	Form 4
November 6, 2026	Mooney Kyle OwenSVP - Chief Operating Officer	Shares withheld for tax	46	$31.72	$1.5K	Form 4
November 6, 2026	Mooney Kyle OwenSVP - Chief Operating Officer	Shares withheld for tax	183	$31.72	$5.8K	Form 4

All insider filings on SEC.gov · Where insiders are buying across the market

Who owns MSBI

Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.

5% holders

Anyone who owns more than 5% of a class of shares must say so on Schedule 13D (if they may seek to influence the company) or 13G (a passive holder). The latest filing of each holder is shown: 13G filings of the last 2 years, 13D of the last 3.

Holder	Of class	Shares	Filed
BlackRock Portfolio Management LLC13G, passive	6.5%	1,400,429	April 15, 2025

Latest filings below 5%: The Vanguard Group 0% (March 27, 2026); Dimensional Fund Advisors LP 4.9% (January 21, 2026); FJ Capital Management LLC 0.04% (November 13, 2024).

Largest institutional holders

Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 154 managers reported a position.

Holder	Shares	Value	Change on quarter
BlackRock, Inc.	2,920,667	$90.9M	+65,013
Dimensional Fund Advisors LP	859,377	$26.8M	-31,423
Vanguard Capital Management LLC	847,353	$26.4M	-54,039
Busey Bank	759,286	$23.6M	0
State Street Corp	694,107	$21.6M	-71,815
American Century Companies Inc	563,718	$17.6M	-22,444
Geode Capital Management, LLC	537,292	$16.7M	+3,335
Hotchkis & Wiley Capital Management LLC	517,334	$16.1M	-23,030
Patriot Financial Partners GP II, L.P.	438,500	$13.7M	0
Aqr Capital Management LLC	340,862	$10.6M	-55,401
Vanguard Portfolio Management LLC	252,190	$7.9M	+22,562
Goldman Sachs Group Inc	249,175	$7.8M	-11,842
Arrowstreet Capital, Limited Partnership	247,536	$7.7M	+49,011
ProShare Advisors LLC	227,539	$7.1M	new
Jacobs Levy Equity Management, Inc	224,107	$7M	-18,443
Two Sigma Investments, LP	206,970	$6.4M	+32,882
Algert Global LLC	200,545	$6.2M	+63,314
Charles Schwab Investment Management Inc	174,366	$5.4M	+4,726
Maltese Capital Management LLC	161,100	$5M	+73,600
Northern Trust Corp	159,503	$5M	+5,530

Insiders

Reported holdings of insiders who filed a Form 4 in the last 12 months: the shares each one held after their latest reported transaction. This is not the total held by all insiders.

12 insiders reported holding 630,157 shares in total, about $20.3M at the last price.

Holder	Shares	As of
Ludwig Jeffrey G.President & CEO, Director	399,435	November 7, 2026
Jameson Jeremy AndrewEVP - Chief Credit Officer	64,470	November 7, 2026
Smith Jeffrey C.Director	34,109	December 3, 2025
Casey Daniel EdwardCROF	28,620	November 7, 2026
Bingham Richard DeanDirector	27,700	December 3, 2025
Ramos Richard TDirector	21,548	June 30, 2026
Mooney Kyle OwenSVP - Chief Operating Officer	13,898	November 7, 2026
McDaniel Jerry L.Director	9,703	June 30, 2026
Stack Claire AnnEVP - Chief Financial Officer	9,598	November 2, 2026
Franklin TravisDirector	9,400	May 5, 2026

Schedule 13D/13G filings on SEC.gov

All filings on SEC EDGAR

Questions about MSBI

What does Midland States Bancorp, Inc. do?

Midland States Bancorp, Inc. is a company in the Finance sector, listed on NASDAQ as MSBI. Its shares trade on NASDAQ under the ticker MSBI.

What is Midland States Bancorp, Inc.'s net worth?

Midland States Bancorp, Inc. has a market value (market cap) of $670.1M at the latest share price, and shareholders' equity of $531.4M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.

Is Midland States Bancorp, Inc. profitable?

Yes. Over the twelve months to September 30, 2026 it reported net income of $58.3M.

When did Midland States Bancorp, Inc. last report?

Its most recent periodic report is the quarterly report (10-Q) filed on October 29, 2026. It covers the period to September 30, 2026. Its newest filing of any kind is the insider trade from November 9, 2026.

When is Midland States Bancorp, Inc.'s next earnings report?

Midland States Bancorp, Inc.'s next report is expected around January 21, 2027. That is an estimate from its filing rhythm, not a date the company has announced.

Does Midland States Bancorp, Inc. pay a dividend?

Yes. Midland States Bancorp, Inc. declared dividends of $1.26 per share in fiscal 2025, a yield of 3.90% at the current price.

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Where the numbers come from

Financial figures are the values Midland States Bancorp, Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.

Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.