MSBI: Midland States Bancorp Inc Financial Statements
Balance sheet, income statement, and cash flow statements for Midland States Bancorp Inc (MSBI).
$522.20M Market Cap.
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%) |