Stocks · Financial Services · Banks - Regional
Midland States Bancorp, Inc. MSBI
$33.14 +1.22% Close, Oct 2, 2026 · NASDAQ · Market cap $687.7M
Strong trend
Next earnings report: Oct 29, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Operating margin widened to 13.1% from -18.1% a year earlier.
- Over the past year the stock returned +97.1%, ahead of the S&P 500 by 82.1 percentage points.
- The shares trade at 20.7× trailing earnings, higher than 88% of the company's own readings over the past five years.
PromtFinance scores
Each score is a percentile within the Financial Services sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
Growth6Very weak
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Bottom 5%
- FCF growth (TTM, YoY)Bottom 14%
- Revenue growth, 3-year CAGRBottom 12%
- Revenue growth accelerationTop 36%
Quality58Neutral
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 32%
- Gross marginBottom 48%
- Operating marginBottom 28%
- Cash conversion (OCF / net income)Top 13%
- Accruals (lower is better)Top 32%
- Net debt / EBITDA (lower is better)Top 43%
- Interest coverBottom 24%
Value65Positive
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldBottom 41%
- Free-cash-flow yieldTop 17%
- EBITDA / enterprise valueTop 32%
- Sales / enterprise valueTop 21%
- P/E vs own 5-year history (lower is better)Bottom 16%
Momentum94Exceptional
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthTop 1%
- 6-month returnTop 4%
- 1-year return vs S&P 500Top 1%
- Distance from 52-week highTop 27%
- Trend checklist (0–4)Top 48%
Revisions8Very weak
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersBottom 13%
- Consecutive EPS beatsTop 42%
- Share of analysts rating BuyBottom 3%
- Upside to consensus price targetBottom 16%
Stability39Weak
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Bottom 43%
- Maximum drawdown, 3 yearsBottom 18%
- Beta vs S&P 500 (lower is better)Top 43%
- Net debt / EBITDA (lower is better)Top 43%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | -21.2% | -19.9% | ↑ |
| Gross margin | 44.5% | 63.9% | ↑ |
| Operating margin | -18.1% | 13.1% | ↑ |
| FCF margin | 32.4% | 26.3% | ↓ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | -19.9% | -21.2% | ↑ | Bottom 5% |
| Gross margin | 63.9% | 44.5% | ↑ | Bottom 48% |
| Operating margin | 13.1% | -18.1% | ↑ | Bottom 28% |
| Net margin | 9.7% | -19.8% | ↑ | — |
| Free-cash-flow margin | 26.3% | 32.4% | ↓ | — |
| Return on invested capital | 4.4% | — | Top 32% | |
| Revenue growth, 3-year CAGR | 2.3% | — | Bottom 12% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 2.77×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -1.1%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 0.7%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- -73.4 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 0.67×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 0.5×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 4.04%
- Net buyback yield (TTM)
- 2.80%
- Shareholder yield
- 6.85%
- Share count change, 1 year
- -3.4%
- Share count change, 3-year CAGR
- -1.7%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Jul 30, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 2
- Beats in the last 8 reports
- 3 of 8
- Average EPS surprise, last 4
- -13.4%
- Average 2-day reaction, last 8
- +0.1%
- Positive 20 days after report
- 3 of 8
Analysts
- Consensus price target
- $34.00
- Target vs current price
- +2.6%
- Analysts with a rating
- 4
- Share rating Buy or Strong Buy
- 0%
- Consensus rating
- Hold
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Jul 23, 2026 | +4.9% | +0.4% | +9.0% | +4.7% | — |
| Apr 23, 2026 | +26.7% | +1.4% | +11.0% | +19.0% | +33.7% |
| Jan 22, 2026 | -24.3% | +1.6% | -3.7% | -2.2% | +0.2% |
| Oct 30, 2025 | -60.7% | -0.9% | -1.4% | -0.1% | +42.5% |
| Sep 8, 2025 | — | +0.6% | -1.6% | -7.2% | -8.7% |
| Jul 24, 2025 | -30.2% | -2.9% | -6.6% | -6.4% | -15.8% |
| Apr 30, 2025 | -8.8% | -1.2% | +8.0% | +1.2% | +9.1% |
| Jan 23, 2025 | +10.4% | +2.0% | -19.7% | -19.3% | -35.9% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Jul 23, 2026 | $0.82 | $0.78 | +4.9% | $83.7M |
| Apr 23, 2026 | $0.76 | $0.60 | +26.7% | $81.1M |
| Jan 22, 2026 | $0.53 | $0.70 | -24.3% | $85.8M |
| Oct 30, 2025 | $0.24 | $0.61 | -60.7% | $78.1M |
| Sep 8, 2025 | $0.55 | — | — | $118.1M |
| Jul 24, 2025 | $0.44 | $0.63 | -30.2% | $67.7M |
| Apr 30, 2025 | $0.57 | $0.63 | -8.8% | $75.9M |
| Jan 23, 2025 | $0.74 | $0.67 | +10.4% | $74.5M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 20.7× | 8.2× | 88th | Bottom 41% |
| P/E (forward) | 9.9× | — | — | — |
| EV / EBITDA | 10.6× | — | — | Top 32% |
| EV / Sales | 1.66× | — | — | Top 21% |
| Free-cash-flow yield | 16.92% | — | — | Top 17% |
| Earnings yield | 4.83% | — | — | Bottom 41% |
P/E over the past five years
Range 4.5× – 21.5× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✓ Price above 200-day average
- ✓ 50-day average above 200-day
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 210
- 50-day average slope (20 days)
- +2.9%
- 200-day average slope (20 days)
- +6.0%
- Distance from 50-day average
- -0.2%
- Distance from 200-day average
- +22.3%
- RSI (14)
- 51.6
- Relative volume
- 0.64×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 22.2%
- Volatility vs own 5-year history
- 2th percentile · Low for this stock
- Beta vs S&P 500 (2 years, weekly)
- 0.63
- Correlation with S&P 500
- 0.26
- Current drawdown from 1-year high
- -4.0%
- Maximum drawdown, 3 years
- -48.3%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Feb 8, 2022 | Oct 31, 2025 | -52.0% | 936 days | 161 days (Jun 25, 2026) |
| Mar 11, 2021 | Sep 21, 2021 | -23.0% | 134 days | 95 days (Feb 4, 2022) |
| Nov 24, 2020 | Nov 30, 2020 | -10.7% | 3 days | 25 days (Jan 6, 2021) |
| Jan 12, 2021 | Jan 29, 2021 | -10.3% | 12 days | 6 days (Feb 8, 2021) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $687.7M
- P/E (TTM)
- 20.7
- EPS, diluted (TTM)
- $1.60
- Revenue (TTM)
- $442.9M
- Dividend yield
- 3.89%
- 52-week range
- $14.24 – $35.10
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $313.2M | $436.5M | $508.5M | $546.1M | $467.6M |
| Gross profit | $279.7M | $303.7M | $257.7M | $235.9M | $268.3M |
| Operating income | $99.1M | $131.4M | $88.0M | $46.9M | -$103.2M |
| Net income | $81.3M | $100.2M | $61.2M | $38.0M | -$124.3M |
| EPS (diluted) | $3.57 | $4.23 | $2.33 | $1.32 | -$6.14 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $137.6M | $182.5M | $115.0M | $118.1M | $115.5M | $107.3M | $108.1M | $111.9M |
| Net income | $20.4M | -$1.1M | -$141.0M | $12.0M | $7.6M | -$2.9M | $18.5M | $19.9M |
| EPS (diluted) | $0.74 | -$0.15 | -$6.50 | $0.45 | $0.24 | -$0.24 | $0.76 | $0.84 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $334.4M | $247.1M | $154.6M | $176.5M | $125.7M |
| Capital expenditure | -$2.7M | -$3.5M | -$8.7M | -$6.9M | -$5.3M |
| Free cash flow | $331.7M | $243.6M | $145.9M | $169.6M | $120.3M |
| Dividends paid | -$25.2M | -$25.9M | -$26.6M | -$27.1M | -$27.7M |
| Net share buybacks | -$9.4M | -$1.1M | -$17.9M | -$5.5M | -$9.0M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $1.96B
- Total assets
- $6.70B
- Total liabilities
- $6.13B
- Total debt
- $344.9M
- Net debt
- $46.1M
- Shareholders’ equity
- $569.7M
As of Jun 30, 2026 (filed Jul 30, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Aug 14, 2026 | $0.33 | Aug 21, 2026 |
| May 15, 2026 | $0.32 | May 22, 2026 |
| Feb 13, 2026 | $0.32 | Feb 20, 2026 |
| Nov 14, 2025 | $0.32 | Nov 21, 2025 |
| Aug 15, 2025 | $0.32 | Aug 22, 2025 |
| May 16, 2025 | $0.31 | May 23, 2025 |
| Feb 14, 2025 | $0.31 | Feb 21, 2025 |
| Nov 18, 2024 | $0.31 | Nov 25, 2024 |
Short interest
- Shares sold short
- 1,016,520
- Days to cover
- 8.41
- Change vs previous report
- +3.5%
FINRA short interest, settlement date Sep 15, 2026.