Download PDF

1. Company Snapshot

1.a. Company Description

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.


The company accepts various deposits, such as checking, savings, money market, and sweep accounts, as well as certificates of deposits.It also offers term loans to purchase capital equipment; lines of credit for working capital and operational purposes; commercial real estate loans for owner occupied and non-owner occupied commercial property, as well as farmland loans; construction and land development loans developers of commercial real estate investment properties, residential developments, individual clients for construction of single family homes, as well as to construct owner-user properties; and residential real estate loans and home equity lines of credit..In addition, the company provides consumer installment loans for the purchase of cars, boats, and other recreational vehicles, as well as for the purchase of major appliances and other home improvement projects; commercial equipment leasing; and trust and wealth management products and services, including financial and estate planning, trustee and custodial services, investment management, tax and insurance planning, business planning, corporate retirement plan consulting and administration, and retail brokerage services.


As of December 31, 2021, it operated 52 full-service banking offices.The company was founded in 1881 and is headquartered in Effingham, Illinois.

Show Full description

1.b. Last Insights on MSBI

The recent performance of Midland States Bancorp, Inc. was negatively driven by a Q4 loss of $2.52 per share, significantly worse than the estimated $0.70. The company's earnings of $0.89 per share in the same quarter last year were also surpassed. Additionally, the announcement of a securities investigation by law firms Levi & Korsinsky and Bronstein, Gewirtz & Grossman, LLC likely contributed to the negative sentiment, potentially affecting investor confidence.

1.c. Company Highlights

2. Transcript Summary

Unfortunately this company is not part of our coverage yet. But as part of your subscription plan you can request it by clicking just below and we'll process.

Request Coverage

3. NewsRoom

Card image cap

Midland States Bancorp Announces Sale of Substantially All of Its Equipment Finance Portfolio to North Mill Equipment Finance

Dec -01

Source: globenewswire.com

Card image cap

Midland States Bancorp, Inc. Announces Planned Retirement of Jeffrey S. Mefford

Nov -06

Source: globenewswire.com

Card image cap

AlphaQuest LLC Grows Stock Position in Midland States Bancorp, Inc. $MSBI

Nov -04

Source: defenseworld.net

Card image cap

Midland States Bancorp, Inc. Announces Authorization of New $25 Million Stock Repurchase Program

Nov -03

Source: globenewswire.com

Card image cap

Midland States Bancorp, Inc. Announces 2025 Third Quarter Results

Oct -31

Source: globenewswire.com

Card image cap

Midland States Bancorp (MSBI) Reports Q3 Earnings: What Key Metrics Have to Say

Oct -31

Source: zacks.com

Card image cap

Midland States Bancorp (MSBI) Q3 Earnings Miss Estimates

Oct -30

Source: zacks.com

Card image cap

Midland States Bancorp, Inc. to Announce Third Quarter 2025 Financial Results on Thursday, October 30

Oct -09

Source: globenewswire.com

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (6.57%)

6. Segments

Banking

Expected Growth: 6.5%

Midland States Bancorp, Inc.'s 6.5% growth is driven by strategic acquisitions, expanding commercial lending, and a strong deposit base. The bank's focus on community banking, mortgage banking, and wealth management also contributes to its growth. Additionally, effective cost management and a solid risk management framework have enabled the bank to maintain a strong capital position, supporting its growth momentum.

Wealth Management

Expected Growth: 7.5%

Midland States Bancorp's 7.5% growth in Wealth Management is driven by strategic acquisitions, expanded financial planning services, and a strong advisory team. Organic growth is fueled by increasing assets under management, cross-selling opportunities, and a favorable interest rate environment. Additionally, the company's focus on digital transformation and client experience enhancements has improved customer retention and attracted new clients.

Other

Expected Growth: 6.0%

Midland States Bancorp's 6.0% growth is driven by strategic acquisitions, expanding commercial lending, and a strong mortgage banking business. Additionally, the company's focus on digital transformation, cost savings initiatives, and a favorable interest rate environment contribute to its growth momentum.

7. Detailed Products

Commercial Banking

Provides financial solutions to businesses, including cash management, lending, and treasury management services.

Wealth Management

Offers investment, trust, and insurance services to individuals, families, and businesses.

Retail Banking

Provides personal banking services, including checking and savings accounts, credit cards, and loans.

Mortgage Banking

Originates and services residential mortgage loans, offering a range of loan options and refinancing solutions.

Commercial Leasing

Provides equipment financing and leasing solutions to businesses.

Treasury Management

Offers cash management and treasury services to help businesses optimize their cash flow and minimize risk.

8. Midland States Bancorp, Inc.'s Porter Forces

Forces Ranking

Threat Of Substitutes

Midland States Bancorp, Inc. operates in a highly competitive industry, but the threat of substitutes is moderate due to the complexity of banking services and the need for regulatory compliance.

Bargaining Power Of Customers

Customers of Midland States Bancorp, Inc. have some bargaining power due to the availability of alternative banking services, but the company's strong brand and customer relationships mitigate this power.

Bargaining Power Of Suppliers

Midland States Bancorp, Inc. has a diverse supplier base, and the company's scale and bargaining power reduce the influence of individual suppliers.

Threat Of New Entrants

The banking industry has high barriers to entry, but the rise of fintech companies and digital banking platforms poses a significant threat to traditional banks like Midland States Bancorp, Inc.

Intensity Of Rivalry

The banking industry is highly competitive, with many established players and new entrants vying for market share, leading to intense rivalry among banks like Midland States Bancorp, Inc.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 45.35%
Debt Cost 6.71%
Equity Weight 54.65%
Equity Cost 7.83%
WACC 7.32%
Leverage 82.98%

11. Quality Control: Midland States Bancorp, Inc. passed 2 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
Timberland Bancorp

A-Score: 6.7/10

Value: 5.7

Growth: 5.9

Quality: 7.2

Yield: 7.0

Momentum: 6.5

Volatility: 7.7

1-Year Total Return ->

View Full Report
Stock-Card
Midland States Bancorp

A-Score: 6.5/10

Value: 9.1

Growth: 5.6

Quality: 6.3

Yield: 10.0

Momentum: 1.5

Volatility: 6.3

1-Year Total Return ->

View Full Report
Stock-Card
Peoples Bancorp

A-Score: 6.4/10

Value: 6.7

Growth: 5.4

Quality: 6.0

Yield: 8.0

Momentum: 4.0

Volatility: 8.3

1-Year Total Return ->

View Full Report
Stock-Card
CNB Financial

A-Score: 6.1/10

Value: 6.7

Growth: 4.9

Quality: 6.7

Yield: 6.0

Momentum: 5.0

Volatility: 7.3

1-Year Total Return ->

View Full Report
Stock-Card
Premier Financial

A-Score: 5.4/10

Value: 5.1

Growth: 3.2

Quality: 5.5

Yield: 6.0

Momentum: 7.0

Volatility: 5.7

1-Year Total Return ->

View Full Report
Stock-Card
Evans Bancorp

A-Score: 5.0/10

Value: 4.7

Growth: 1.9

Quality: 6.0

Yield: 6.0

Momentum: 5.0

Volatility: 6.3

1-Year Total Return ->

View Full Report

Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

20.03$

Current Price

20.03$

Potential

-0.00%

Expected Cash-Flows