Midland States Bancorp Inc - Understand $msbi stock

$MSBI Market Cap: $571.4 Million

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Financial Snapshot

Revenue

Gross Margin

Net Earnings

$50.69M

TTM

Current Assets

Current Liabilities

Current Ratio

Total Assets

$7.751B

Q3 2024

Total Liabilities

$6.933B

Q3 2024

Book Value

$818.3M

Q3 2024

Cash

$121.9M

Q3 2024

P/E

11.27

Nov 14, 2024 EST

Free Cash Flow

$128.6M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Revenue
YoY Change

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Revenue
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$4.800M	$4.800M	$5.500M	$6.900M	$6.600M	$6.200M	$5.000M	$13.40M	$12.60M	$6.000M	$5.500M	$5.200M
YoY Change	0.0%	-12.73%	-20.29%	4.55%	6.45%	24.0%	-62.69%	6.35%	110.0%	9.09%	5.77%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017
Interest Expense	$168.3M	$56.02M	$30.14M	$45.75M	$59.70M	$43.28M	$23.45M
YoY Change	200.39%	85.85%	-34.12%	-23.37%	37.95%	84.56%
% of Operating Profit
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Pretax Income	$107.6M	$129.8M	$99.11M	$32.01M	$72.47M	$50.81M	$26.47M	$50.40M	$35.40M	$15.50M	$20.50M	$18.50M	$15.30M	$17.90M
YoY Change	-17.15%	31.0%	209.59%	-55.83%	42.65%	91.93%	-47.48%	42.37%	128.39%	-24.39%	10.81%	20.92%	-14.53%
Income Tax	$32.11M	$30.81M	$17.80M	$9.477M	$16.69M	$11.38M	$10.42M	$18.90M	$11.10M	$4.700M	$6.000M	$4.800M	$4.000M	$5.000M
% Of Pretax Income	29.85%	23.73%	17.95%	29.6%	23.03%	22.41%	39.34%	37.5%	31.36%	30.32%	29.27%	25.95%	26.14%	27.93%
Net Earnings	$75.46M	$99.03M	$81.32M	$22.54M	$55.78M	$39.42M	$16.06M	$31.50M	$24.30M	$10.80M	$14.50M	$13.70M	$11.40M	$12.90M
YoY Change	-23.8%	21.78%	260.82%	-59.6%	41.51%	145.52%	-49.03%	29.63%	125.0%	-25.52%	5.84%	20.18%	-11.63%
Net Earnings / Revenue
Basic Earnings Per Share	$2.97	$4.24	$3.58	$0.95	$2.28	$1.69	$0.89
Diluted Earnings Per Share	$2.97	$4.23	$3.57	$0.95	$2.26	$1.66	$0.87	$2.188M	$1.631M	$724.8K	$973.2K	$919.5K	$765.1K	$865.8K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment	$82.81M	$78.29M	$79.20M	$83.30M	$105.3M	$94.80M	$76.20M	$66.70M	$73.10M	$72.30M	$54.20M	$47.90M	$47.30M	$32.00M
YoY Change	5.77%	-1.15%	-4.92%	-20.89%	11.08%	24.41%	14.24%	-8.76%	1.11%	33.39%	13.15%	1.27%	47.81%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$43.42M	$46.20M	$36.30M	$56.60M	$44.50M	$42.50M	$34.80M	$19.50M	$15.50M	$12.20M
YoY Change	-6.02%	27.28%	-35.87%	27.19%	4.71%	22.13%	78.46%	25.81%	27.05%
Other Assets			$2.300M		$0.00	$1.300M	$12.00M	$0.00	$1.500M	$3.700M
YoY Change					-100.0%	-89.17%		-100.0%	-59.46%
Total Long-Term Assets
YoY Change
Total Assets	$7.867B	$7.856B	$7.444B	$6.869B	$6.087B	$5.638B	$4.413B	$3.234B	$2.885B	$2.677B	$1.740B	$1.572B	$1.521B	$1.642B
YoY Change
Accounts Payable					$6.400M	$4.900M	$2.500M	$1.000M	$1.000M	$1.100M
YoY Change					30.61%	96.0%	150.0%	0.0%	-9.09%
Accrued Expenses	$110.5M	$80.22M	$10.70M	$12.00M	$15.40M
YoY Change	37.7%	649.69%	-10.83%	-22.08%
Deferred Revenue
YoY Change
Short-Term Debt	$34.87M	$42.31M	$76.80M	$69.00M	$82.00M	$124.2M	$156.1M	$131.6M	$107.5M	$129.7M	$87.40M	$71.20M	$55.40M	$56.70M
YoY Change	-17.6%	-44.91%	11.3%	-15.85%	-33.98%	-20.44%	18.62%	22.42%	-17.12%	48.4%	22.75%	28.52%	-2.29%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$145.3M	$80.22M	$10.70M	$12.00M	$21.80M	$4.900M	$2.500M	$1.000M	$1.000M	$1.100M	$87.40M	$71.20M	$55.40M	$56.70M
YoY Change	81.16%	649.69%	-10.83%	-44.95%	344.9%	96.0%	150.0%	0.0%	-9.09%	-98.74%	22.75%	28.52%	-2.29%
Long-Term Debt	$144.2M	$149.7M	$188.5M	$218.6M	$224.9M	$141.9M	$139.4M	$91.90M	$99.10M	$44.70M	$19.10M	$15.00M	$15.00M	$26.30M
YoY Change	-3.73%	-20.56%	-13.77%	-2.8%	58.49%	1.79%	51.69%	-7.27%	121.7%	134.03%	27.33%	0.0%	-42.97%
Other Long-Term Liabilities			$83.20M	$67.40M	$47.50M	$43.30M	$37.60M	$37.00M	$36.50M	$56.60M	$28.30M	$11.70M	$20.40M	$14.40M
YoY Change			23.44%	41.89%	9.7%	15.16%	1.62%	1.37%	-35.51%	100.0%	141.88%	-42.65%	41.67%
Total Long-Term Liabilities	$144.2M	$149.7M	$271.7M	$286.0M	$272.4M	$185.2M	$177.0M	$128.9M	$135.6M	$101.3M	$47.40M	$26.70M	$35.40M	$40.70M
YoY Change	-3.73%	-44.89%	-5.0%	4.99%	47.08%	4.63%	37.32%	-4.94%	33.86%	113.71%	77.53%	-24.58%	-13.02%
Total Liabilities	$7.075B	$7.097B	$6.780B	$6.247B	$5.425B	$5.029B	$3.963B	$2.912B	$2.652B	$2.457B	$1.590B	$1.441B	$1.394B	$1.533B
YoY Change	-0.31%	4.67%	8.53%	15.15%	7.87%	26.89%	36.1%	9.81%	7.92%	54.53%	10.34%	3.39%	-9.09%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Basic Shares Outstanding	22.12M shares	22.34M shares	22.48M shares	23.34M shares	24.29M shares	23.13M shares	17.78M	14.13M
Diluted Shares Outstanding	22.12M shares	22.40M shares	22.55M shares	23.35M shares	24.49M shares	23.55M shares	18.28M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $571.42 Million

About Midland States Bancorp Inc

Midland States Bancorp, Inc. is a bank holding company which engages in the provision of commercial and consumer banking products and services. The company is headquartered in Effingham, Illinois and currently employs 878 full-time employees. The company went IPO on 2016-05-24. Its segments include Banking, Wealth Management, and Other. The Banking segment provides a range of financial products and services to consumers and businesses, including commercial, commercial real estate, mortgage and other consumer loan products; commercial equipment financing; mortgage loan sales and servicing; letters of credit; various types of deposit products, including checking, savings and time deposit accounts; merchant services; and corporate treasury management services. The Wealth Management segment operates under the name Midland Wealth Management, which consists of 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 through a nationally recognized third-party broker dealer.

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