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Friday 6 November 2026
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Midland States Bancorp, Inc.
MSBI Financial Banks Regional
Midland States Bancorp, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $476.0 million, down 15.7% from fiscal 2024.
- Revenue
- −1.90%
- EPS
- +295.8%
- Free cash flow
- −51.8%
- Total debt
- −4.26%
Quarter to September 2026, against a year earlier
31.76
1.68
−5.02%
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| Dec '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 | Dec '20 | Dec '19 | Dec '18 | Dec '17 | Dec '16 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
0.00 | 17.10 | 9.44 | 6.26 | 6.92 | 18.67 | 12.70 | 13.62 | 34.18 | 16.21 |
Piotroski F-Score |
3 | 6 | 6 | 7 | 7 | 6 | 5 | 6 | 4 | 4 |
P/S ratio |
0.97 | 0.94 | 1.15 | 1.28 | 1.81 | 1.36 | 2.17 | 1.75 | 2.72 | 2.59 |
P/FCF ratio |
3.36 | 2.83 | 3.76 | 1.98 | 1.61 | 0.83 | 1.31 | 5.02 | 8.42 | 22.83 |
P/Operating CF |
(65.45) | 9.55 | 7.08 | 7.43 | 16.71 | 4.47 | 7.60 | 16.58 | 74.90 | (81.59) |
P/B ratio |
1.02 | 0.88 | 1.01 | 0.91 | 0.84 | 0.67 | 1.06 | 0.85 | 1.29 | 1.56 |
Price to Tangible BV |
1.09 | 1.31 | 1.50 | 1.22 | 1.18 | 1.07 | 1.75 | 1.49 | 2.18 | 2.53 |
EV/Sales |
1.48 | 1.42 | 2.06 | 2.25 | 1.22 | 3.51 | 3.16 | 3.68 | 4.71 | 3.31 |
EV/EBITDA |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
EV/Operating CF |
5.62 | 4.55 | 7.14 | 3.65 | 1.12 | 2.15 | 1.91 | 11.18 | 14.19 | 26.52 |
EV/FCF |
5.13 | 4.29 | 6.75 | 3.47 | 1.08 | 2.15 | 1.91 | 10.55 | 14.59 | 29.14 |
Quick Ratio |
0.02 | 0.02 | 0.02 | 0.02 | 0.11 | 0.07 | 0.09 | 0.05 | 0.07 | 0.08 |
Current Ratio |
0.80 | 0.86 | 0.95 | 0.99 | 0.94 | 1.07 | 1.04 | 1.04 | 1.06 | 1.02 |
Net Debt/EBITDA |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Debt/Assets |
5.71% | 5.15% | 7.96% | 7.76% | 6.70% | 14.53% | 11.80% | 13.88% | 14.45% | 10.19% |
Debt/Equity |
0.66 | 0.54 | 0.87 | 0.80 | 0.75 | 1.61 | 1.09 | 1.29 | 1.42 | 1.02 |
Asset Turnover |
0.07 | 0.07 | 0.07 | 0.06 | 0.04 | 0.05 | 0.06 | 0.06 | 0.06 | 0.06 |
Operating CF/Net income |
(0.94) | 6.06 | 2.94 | 2.94 | 4.11 | 22.15 | 9.66 | 2.47 | 4.41 | 0.77 |
Capex/Depreciation |
(0.04) | (1.08) | (0.84) | (0.20) | (0.10) | (0.11) | (0.10) | 0.29 | (0.12) | (0.14) |
| (25.24%) | 4.84% | 8.34% | 14.80% | 12.65% | 3.51% | 8.79% | 7.47% | 4.16% | 11.31% | |
| (1.90%) | 0.38% | 0.67% | 1.27% | 1.14% | 0.35% | 0.95% | 0.78% | 0.42% | 1.03% | |
ROIC |
(8.82%) | 3.48% | 4.58% | 6.80% | 12.85% | 2.19% | 4.82% | 2.70% | 1.90% | 6.84% |
Return on Tangible Assets |
12.70% | (3.73%) | (20.51%) | 245.72% | (27.43%) | 5.00% | 21.00% | 14.14% | 5.66% | 28.48% |
Average Days of Receivables |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
59.23% | 56.00% | 50.93% | 58.32% | 56.09% | 68.28% | 56.02% | 65.77% | 74.94% | 64.53% |
Intangible Assets out of Total Assets |
0.00 | 0.03 | 0.03 | 0.02 | 0.03 | 0.03 | 0.04 | 0.05 | 0.04 | 0.04 |
Share Based Compensation of Revenue |
0.61% | 0.54% | 0.47% | 0.48% | 0.63% | 0.71% | 0.73% | 0.52% | 0.65% | 0.25% |
Graham Net Nets |
(3.26) | (2.37) | (1.57) | (1.09) | (1.57) | (1.68) | (0.89) | (1.24) | (0.81) | (0.66) |
Graham Number |
0.00 | 29.78 | 42.38 | 52.60 | 48.77 | 23.95 | 37.39 | 31.09 | 23.17 | 33.48 |
Earnings Yield |
(28.47%) | 5.85% | 10.59% | 15.98% | 14.44% | 5.36% | 7.87% | 7.34% | 2.93% | 6.17% |
Free Cash Flow Yield |
29.80% | 35.28% | 26.59% | 50.60% | 62.22% | 119.86% | 76.26% | 19.91% | 11.87% | 4.38% |
Revenue per Share |
21.80 | 25.99 | 24.05 | 20.71 | 13.69 | 13.12 | 13.37 | 12.76 | 11.95 | 13.68 |
Operating CF per Share |
5.76 | 8.12 | 6.93 | 12.79 | 14.88 | 21.39 | 22.18 | 4.20 | 3.96 | 1.71 |
Capex per Share |
(0.24) | (0.32) | (0.39) | (0.15) | (0.09) | (0.11) | (0.09) | 0.25 | (0.11) | (0.15) |
Free Cash Flow per Share |
5.51 | 7.81 | 6.54 | 12.65 | 14.78 | 21.28 | 22.08 | 4.45 | 3.86 | 1.55 |
Cash per Share |
5.85 | 5.28 | 6.11 | 7.19 | 30.26 | 14.64 | 16.24 | 9.24 | 12.10 | 13.50 |
Shareholders Equity per Share |
25.90 | 32.71 | 32.33 | 33.95 | 29.53 | 26.63 | 27.25 | 26.31 | 25.28 | 22.77 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
25.90 | 32.71 | 32.33 | 33.95 | 29.53 | 26.63 | 27.25 | 26.31 | 25.28 | 22.77 |
Free Cash Flow |
120.33 | 169.68 | 144.73 | 282.52 | 332.37 | 496.56 | 536.40 | 102.89 | 68.55 | 21.96 |
Working Capital |
(1,133.84) | (867.60) | (337.49) | (38.79) | (375.71) | 376.19 | 174.38 | 182.86 | 205.87 | 43.49 |
Capital Expenditures |
(5.35) | (6.86) | (8.63) | (3.29) | (2.07) | (2.59) | (2.25) | 5.79 | (1.90) | (2.17) |
Net Current Asset Value |
(1,505.72) | (1,254.55) | (957.65) | (648.54) | (874.34) | (700.99) | (624.44) | (643.03) | (467.54) | (331.49) |
EV/EBIT |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Capex to Sales |
0.01 | 0.01 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | (0.02) | 0.01 | 0.01 |
Price to Operating Income |
0.00 | 8.79 | 6.91 | 4.34 | 5.37 | 8.04 | 9.38 | 10.57 | 21.81 | 9.94 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
1.79 | 0.07 | 0.12 | 0.21 | 0.26 | 0.31 | 0.25 | 0.21 | 0.20 | 0.23 |
Cash ROIC |
11.30% | 13.99% | 9.84% | 18.48% | 18.04% | 25.32% | 30.23% | 6.41% | 5.26% | 2.61% |
Accounts Receivable Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Accounts Payable Turnover |
0.03 | 0.03 | 0.03 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
Inventory Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Days of Payables |
13,106.44 | 11,918.91 | 13,685.48 | 41,469.08 | 73,995.97 | 40,694.85 | 27,781.73 | 34,359.34 | 48,733.42 | 54,866.75 |
Days of Inventory on Hand |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Payables |
5,810.81 | 6,253.39 | 6,337.09 | 6,237.65 | 5,605.83 | 4,822.64 | 4,309.21 | 3,602.63 | 2,767.73 | 2,386.01 |
Average Assets |
7,010.11 | 7,648.43 | 7,822.77 | 7,649.65 | 7,156.17 | 6,477.78 | 5,862.35 | 5,025.19 | 3,823.21 | 3,059.27 |
Average Common Equity |
527.63 | 602.43 | 626.30 | 655.93 | 642.61 | 641.65 | 633.83 | 526.16 | 384.17 | 277.41 |
Columns are period end dates · fundamentals updated 5 Nov 2026