MSBI: Midland States Bancorp Inc Financial Statements

Balance sheet, income statement, and cash flow statements for Midland States Bancorp Inc (MSBI).

OverviewDividends

$522.20M Market Cap.

As of 07/02/2025 5:00 PM ET (MRY) • Disclaimer

MSBI Market Cap. (MRY)


MSBI Shares Outstanding (MRY)


MSBI Assets (MRY)


Total Assets

$7.51B

Total Liabilities

$6.80B

Total Investments

$6.67B

MSBI Income (MRY)


Revenue

$254.75M

Net Income

$38.04M

Operating Expense

$194.99M

MSBI Cash Flow (MRY)


CF Operations

$176.55M

CF Investing

$136.71M

CF Financing

-$333.55M

MSBI Balance Sheet (MRY)


Metric

2024

2023

2022

2021

Total Assets

$7,506,809,000 (-3.64%)

$7,790,046,000 (-0.83%)

$7,855,501,000 (5.53%)

$7,443,805,000 (8.38%)

Assets Current

-

-

-

-

Assets Non-Current

-

-

-

-

Goodwill & Intangible Assets

$174,004,000 (-2.25%)

$178,012,000 (-2.60%)

$182,770,000 (-1.88%)

$186,278,000 (-2.11%)

Shareholders Equity

$710,847,000 (-0.60%)

$715,113,000 (-5.73%)

$758,574,000 (14.27%)

$663,837,000 (6.83%)

Property Plant & Equipment Net

$85,710,000 (3.50%)

$82,814,000 (5.77%)

$78,293,000 (-1.17%)

$79,220,000 (-4.90%)

Cash & Equivalents

$114,766,000 (-15.03%)

$135,061,000 (-15.92%)

$160,631,000 (-76.39%)

$680,371,000 (99.15%)

Accumulated Other Comprehensive Income

-$81,960,000 (-6.78%)

-$76,753,000 (8.41%)

-$83,797,000 (-1700.10%)

$5,237,000 (-54.19%)

Deferred Revenue

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Total Investments

$6,665,248,000 (-3.85%)

$6,932,154,000 (-2.25%)

$7,091,713,000 (14.62%)

$6,187,122,000 (1.26%)

Investments Current

-

-

-

-

Investments Non-Current

-

-

-

-

Inventory

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Trade & Non-Trade Receivables

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Trade & Non-Trade Payables

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Accumulated Retained Earnings (Deficit)

$247,698,000 (0.84%)

$245,639,000 (-13.02%)

$282,405,000 (32.91%)

$212,472,000 (35.92%)

Tax Assets

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Tax Liabilities

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Total Debt

$474,453,000 (-27.57%)

$655,027,000 (0.46%)

$652,058,000 (13.31%)

$575,439,000 (-46.65%)

Debt Current

-

-

-

-

Debt Non-Current

-

-

-

-

Total Liabilities

$6,795,962,000 (-3.94%)

$7,074,933,000 (-0.31%)

$7,096,927,000 (4.67%)

$6,779,968,000 (8.53%)

Liabilities Current

-

-

-

-

Liabilities Non-Current

-

-

-

-

MSBI Income Statement (MRY)


Metric

2024

2023

2022

2021

Revenues

$254,755,000 (-9.35%)

$281,045,000 (-14.78%)

$329,798,000 (20.28%)

$274,181,000 (26.92%)

Cost of Revenue

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Selling General & Administrative Expense

$142,510,000 (2.62%)

$138,868,000 (4.56%)

$132,815,000 (2.49%)

$129,583,000 (0.26%)

Research & Development Expense

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Operating Expenses

$194,991,000 (12.13%)

$173,902,000 (-1.00%)

$175,662,000 (0.34%)

$175,069,000 (-4.86%)

Interest Expense

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Income Tax Expense

$8,856,000 (-66.96%)

$26,807,000 (-13.94%)

$31,149,000 (75.04%)

$17,795,000 (87.77%)

Net Loss Income from Discontinued Operations

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Consolidated Income

$38,044,000 (-37.79%)

$61,155,000 (-38.99%)

$100,237,000 (23.27%)

$81,317,000 (260.82%)

Net Income to Non-Controlling Interests

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Net Income

$38,044,000 (-37.79%)

$61,155,000 (-38.99%)

$100,237,000 (23.27%)

$81,317,000 (260.82%)

Preferred Dividends Income Statement Impact

$8,913,000 (0.00%)

$8,913,000 (181.26%)

$3,169,000 (0%)

$0 (0%)

Net Income Common Stock

$29,131,000 (-44.24%)

$52,242,000 (-46.18%)

$97,068,000 (19.37%)

$81,317,000 (260.82%)

Weighted Average Shares

$21,731,689 (-1.74%)

$22,115,869 (-1.01%)

$22,341,498 (-0.62%)

$22,481,389 (-3.67%)

Weighted Average Shares Diluted

$21,737,958 (-1.75%)

$22,124,402 (-1.21%)

$22,395,698 (-0.67%)

$22,547,353 (-3.42%)

Earning Before Interest & Taxes (EBIT)

$46,900,000 (-46.68%)

$87,962,000 (-33.05%)

$131,386,000 (32.56%)

$99,112,000 (209.59%)

Gross Profit

$254,755,000 (-9.35%)

$281,045,000 (-14.78%)

$329,798,000 (20.28%)

$274,181,000 (26.92%)

Operating Income

$59,764,000 (-44.22%)

$107,143,000 (-30.49%)

$154,136,000 (55.52%)

$99,112,000 (209.59%)

MSBI Cash Flow Statement (MRY)


Metric

2024

2023

2022

2021

Net Cash Flow from Investing

$136,708,000 (282.76%)

-$74,800,000 (93.42%)

-$1,137,641,000 (-137.75%)

-$478,495,000 (63.54%)

Net Cash Flow from Financing

-$333,549,000 (-220.33%)

-$104,128,000 (-131.36%)

$332,082,000 (-31.22%)

$482,788,000 (-36.51%)

Net Cash Flow from Operations

$176,546,000 (15.12%)

$153,358,000 (-46.34%)

$285,819,000 (-14.54%)

$334,438,000 (-33.00%)

Net Cash Flow / Change in Cash & Cash Equivalents

-$20,295,000 (20.63%)

-$25,570,000 (95.08%)

-$519,740,000 (-253.44%)

$338,731,000 (740.75%)

Net Cash Flow - Business Acquisitions and Disposals

$0 (0%)

$0 (0%)

$60,275,000 (2320.07%)

-$2,715,000 (0%)

Net Cash Flow - Investment Acquisitions and Disposals

$143,572,000 (917.14%)

-$17,570,000 (98.53%)

-$1,196,139,000 (-151.38%)

-$475,831,000 (63.67%)

Capital Expenditure

-$6,864,000 (20.44%)

-$8,627,000 (-161.82%)

-$3,295,000 (-59.10%)

-$2,071,000 (20.01%)

Issuance (Repayment) of Debt Securities

-$181,129,000 (-6786.19%)

$2,709,000 (-96.40%)

$75,337,000 (115.31%)

-$492,229,000 (-285.25%)

Issuance (Purchase) of Equity Shares

-$4,149,000 (74.43%)

-$16,228,000 (-1603.99%)

$1,079,000 (111.43%)

-$9,443,000 (74.54%)

Payment of Dividends & Other Cash Distributions

-$27,072,000 (-1.88%)

-$26,573,000 (-2.51%)

-$25,923,000 (-2.98%)

-$25,172,000 (-0.86%)

Effect of Exchange Rate Changes on Cash

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Share Based Compensation

$3,031,000 (21.78%)

$2,489,000 (12.57%)

$2,211,000 (14.09%)

$1,938,000 (-10.90%)

Depreciation Amortization & Accretion

$10,658,000 (-4.59%)

$11,171,000 (-7.55%)

$12,083,000 (-7.78%)

$13,103,000 (-18.07%)

MSBI Financial Metrics (MRY)


Metric

2024

2023

2022

2021

Gross Margin

100.00% (0.00%)

100.00% (0.00%)

100.00% (0.00%)

100.00% (0.00%)

Profit Margin

11.40% (-38.71%)

18.60% (-36.73%)

29.40% (-1.01%)

29.70% (185.58%)

EBITDA Margin

22.60% (-35.98%)

35.30% (-18.85%)

43.50% (6.36%)

40.90% (84.23%)

Return on Average Equity (ROAE)

3.80% (-44.93%)

6.90% (-50.71%)

14.00% (12.00%)

12.50% (247.22%)

Return on Average Assets (ROAA)

0.40% (-42.86%)

0.70% (-46.15%)

1.30% (8.33%)

1.20% (300.00%)

Return on Sales (ROS)

18.40% (-41.21%)

31.30% (-21.36%)

39.80% (10.25%)

36.10% (143.92%)

Return on Invested Capital (ROIC)

0.60% (-45.45%)

1.10% (-35.29%)

1.70% (21.43%)

1.40% (180.00%)

Dividend Yield

5.10% (15.91%)

4.40% (0.00%)

4.40% (-2.22%)

4.50% (-25.00%)

Price to Earnings Ratio (P/E)

18.48 (56.28%)

11.83 (90.62%)

6.21 (-10.40%)

6.92 (-63.19%)

Price to Sales Ratio (P/S)

2.08 (-4.06%)

2.17 (20.30%)

1.8 (-11.31%)

2.03 (5.34%)

Price to Book Ratio (P/B)

0.73 (-11.45%)

0.83 (6.82%)

0.78 (-5.47%)

0.82 (27.24%)

Debt to Equity Ratio (D/E)

9.56 (-3.37%)

9.89 (5.74%)

9.36 (-8.39%)

10.21 (1.59%)

Earnings Per Share (EPS)

1.32 (-43.35%)

2.33 (-45.69%)

4.29 (19.83%)

3.58 (276.84%)

Sales Per Share (SPS)

11.72 (-7.75%)

12.71 (-13.91%)

14.76 (21.04%)

12.2 (31.75%)

Free Cash Flow Per Share (FCFPS)

7.81 (19.32%)

6.54 (-48.25%)

12.65 (-14.46%)

14.78 (-30.52%)

Book Value Per Share (BVPS)

32.71 (1.16%)

32.34 (-4.77%)

33.95 (14.99%)

29.53 (10.89%)

Tangible Assets Book Value Per Share (TABVPS)

337.43 (-1.97%)

344.19 (0.22%)

343.43 (6.38%)

322.82 (12.81%)

Enterprise Value Over EBIT (EV/EBIT)

21 (61.54%)

13 (85.71%)

7 (16.67%)

6 (-79.31%)

Enterprise Value Over EBITDA (EV/EBITDA)

16.9 (44.28%)

11.72 (90.10%)

6.16 (17.41%)

5.25 (-72.71%)

Asset Turnover

0.03 (-5.71%)

0.04 (-18.60%)

0.04 (10.26%)

0.04 (18.18%)

Current Ratio

-

-

-

-

Dividends

$1.24 (3.33%)

$1.2 (3.45%)

$1.16 (3.57%)

$1.12 (4.67%)

Free Cash Flow (FCF)

$169,682,000 (17.24%)

$144,731,000 (-48.77%)

$282,524,000 (-15.00%)

$332,367,000 (-33.07%)

Enterprise Value (EV)

$972,974,234 (-16.22%)

$1,161,397,241 (31.36%)

$884,142,891 (50.11%)

$588,998,969 (-36.22%)

Earnings Before Tax (EBT)

$46,900,000 (-46.68%)

$87,962,000 (-33.05%)

$131,386,000 (32.56%)

$99,112,000 (209.59%)

Earnings Before Interest Taxes & Depreciation Amortization (EBITDA)

$57,558,000 (-41.94%)

$99,133,000 (-30.90%)

$143,469,000 (27.85%)

$112,215,000 (133.75%)

Invested Capital

$7,692,492,000 (-5.40%)

$8,132,000,000 (-0.39%)

$8,164,158,000 (14.14%)

$7,152,595,000 (-3.54%)

Working Capital

-

-

-

-

Tangible Asset Value

$7,332,805,000 (-3.67%)

$7,612,034,000 (-0.79%)

$7,672,731,000 (5.72%)

$7,257,527,000 (8.67%)

Market Capitalization

$522,196,234 (-12.03%)

$593,599,241 (0.68%)

$589,618,891 (8.03%)

$545,784,969 (35.91%)

Average Equity

$776,471,000 (2.44%)

$757,956,750 (9.10%)

$694,756,750 (6.67%)

$651,333,500 (3.88%)

Average Assets

$7,711,843,750 (-2.78%)

$7,932,716,500 (4.20%)

$7,612,976,250 (8.55%)

$7,013,140,000 (6.17%)

Invested Capital Average

$8,006,931,500 (-3.54%)

$8,301,090,250 (7.08%)

$7,752,347,250 (11.83%)

$6,932,031,250 (-0.23%)

Shares

21,401,485 (-0.64%)

21,538,434 (-2.76%)

22,149,470 (0.60%)

22,016,336 (-2.03%)