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Midland States Bancrop (MSBI)
:MSBI

Midland States Bancrop (MSBI) AI Stock Analysis

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Midland States Bancrop

(NASDAQ:MSBI)

Rating:58Neutral
Price Target:
$19.50
â–²(4.22%Upside)
The overall score reflects significant challenges in financial performance and recent compliance issues that overshadow the strong technical indicators and valuation appeal. The robust cash flows and attractive dividend yield provide some support, but operational and regulatory risks are significant.

Midland States Bancrop (MSBI) vs. SPDR S&P 500 ETF (SPY)

Midland States Bancrop Business Overview & Revenue Model

Company DescriptionMidland 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.
How the Company Makes MoneyMidland States Bancorp generates revenue primarily through interest and non-interest income. The company's interest income comes from loans it extends to individuals and businesses, including commercial real estate loans, residential mortgage loans, and consumer loans. It earns interest on these loans, which constitutes a significant portion of its revenue. Non-interest income is generated from fees and service charges associated with deposit accounts, wealth management services, and mortgage banking activities. Additionally, the company benefits from strategic acquisitions and partnerships that enhance its service offerings and expand its market presence, contributing to its overall earnings.

Midland States Bancrop Financial Statement Overview

Summary
Midland States Bancorp shows operational challenges with negative EBIT and EBITDA margins and declining net income. Despite moderate leverage and stable debt levels, the declining equity is concerning. However, robust operating cash flows provide some cushion.
Income Statement
45
Neutral
Midland States Bancorp has faced declining profitability with a negative net income in the most recent year. The revenue growth rate has been inconsistent, and there has been a significant drop in gross profit margin over the years. The negative EBIT and EBITDA margins in the latest year indicate operational challenges.
Balance Sheet
60
Neutral
The balance sheet shows moderate financial leverage with a decreasing trend in stockholders' equity over the years. The debt-to-equity ratio is relatively stable, although a decrease in equity raises concern. The equity ratio remains adequate, suggesting a balanced structure between liabilities and equity.
Cash Flow
70
Positive
Cash flow from operations has remained robust, and the company maintains positive free cash flow. However, the free cash flow growth rate has been volatile, and the operating cash flow to net income ratio reflects the challenges in profitability.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue442.18M546.05M466.68M378.32M313.23M315.97M
Gross Profit191.82M235.94M277.27M302.18M279.70M225.86M
EBITDA53.96M-22.90M120.29M144.22M115.46M51.52M
Net Income38.96M-13.43M75.46M99.03M81.32M22.54M
Balance Sheet
Total Assets7.46B7.53B7.87B7.86B7.44B6.87B
Cash, Cash Equivalents and Short-Term Investments1.47B1.32B1.05B921.58M1.58B1.01B
Total Debt40.22M474.45M604.41M644.39M536.61M1.03B
Total Liabilities6.71B6.79B7.08B7.10B6.78B6.25B
Stockholders Equity744.38M736.11M791.85M758.57M663.84M621.39M
Cash Flow
Free Cash Flow143.25M169.65M145.91M243.59M331.72M496.56M
Operating Cash Flow149.63M176.55M154.64M247.06M334.44M499.15M
Investing Cash Flow93.64M136.71M-76.08M-1.10B-478.50M-1.31B
Financing Cash Flow-295.82M-333.55M-104.13M332.08M482.79M760.42M

Midland States Bancrop Technical Analysis

Technical Analysis Sentiment
Positive
Last Price18.71
Price Trends
50DMA
17.19
Positive
100DMA
17.37
Positive
200DMA
20.23
Negative
Market Momentum
MACD
0.31
Negative
RSI
67.99
Neutral
STOCH
92.80
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MSBI, the sentiment is Positive. The current price of 18.71 is above the 20-day moving average (MA) of 17.15, above the 50-day MA of 17.19, and below the 200-day MA of 20.23, indicating a neutral trend. The MACD of 0.31 indicates Negative momentum. The RSI at 67.99 is Neutral, neither overbought nor oversold. The STOCH value of 92.80 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for MSBI.

Midland States Bancrop Risk Analysis

Midland States Bancrop disclosed 41 risk factors in its most recent earnings report. Midland States Bancrop reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks

Midland States Bancrop Peers Comparison

Overall Rating
UnderperformOutperform
Sector (67)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
79
Outperform
$410.95M10.579.81%1.47%18.63%37.17%
78
Outperform
$438.67M11.789.85%1.92%9.82%0.91%
78
Outperform
$428.40M12.0511.51%0.75%10.47%13.63%
75
Outperform
$420.40M9.4422.26%2.16%1.20%46.86%
73
Outperform
$340.82M12.2813.20%2.35%26.42%78.75%
67
Neutral
$17.01B11.909.70%3.76%11.63%-9.47%
58
Neutral
$402.55M13.775.03%6.63%14.75%-48.47%
* Financial Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
MSBI
Midland States Bancrop
18.71
-2.37
-11.24%
HBCP
Home Bancorp
56.23
18.38
48.56%
FRBA
First Bank
16.35
4.25
35.12%
BSVN
Bank7
44.49
14.28
47.27%
RRBI
Red River Bancshares
64.10
18.52
40.63%
USCB
USCB Financial Holdings, Inc. Class A
17.00
4.94
40.96%

Midland States Bancrop Corporate Events

Delistings and Listing ChangesRegulatory Filings and Compliance
Midland States Bancorp Receives Nasdaq Deficiency Notice
Negative
May 23, 2025

Midland States Bancorp, Inc. announced that it received a deficiency notification from Nasdaq on May 19, 2025, due to its failure to timely file its Annual Report on Form 10-K for the year ended December 31, 2024, and its Quarterly Report on Form 10-Q for the quarter ended March 31, 2025. The notice has no immediate effect on the company’s stock listing or trading on the Nasdaq Global Select Market. The company has until June 2, 2025, to submit a compliance plan to Nasdaq and may be granted up to 180 days to regain compliance. Midland States Bancorp is evaluating its accounting and financial reporting of third-party lending and servicing arrangements and assessing potential goodwill impairment.

The most recent analyst rating on (MSBI) stock is a Hold with a $24.00 price target. To see the full list of analyst forecasts on Midland States Bancrop stock, see the MSBI Stock Forecast page.

Dividends
Midland States Bancorp Declares Quarterly Cash Dividend
Neutral
May 6, 2025

On May 6, 2025, Midland States Bancorp, Inc. announced that its Board of Directors declared a quarterly cash dividend of $0.31 per share for its common stock, payable on May 23, 2025, to shareholders of record by May 16, 2025. Additionally, a cash dividend of $0.4844 per depositary share was declared for its 7.75% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A, payable on June 30, 2025, to stockholders of record by June 16, 2025.

M&A TransactionsShareholder MeetingsBusiness Operations and StrategyFinancial Disclosures
Midland States Bancorp Sells GreenSky Loan Interests
Neutral
Apr 25, 2025

Midland States Bancorp announced the sale of its Lending Point portfolio in December 2024 and closed a sale of participation interests in consumer loans of its GreenSky portfolio in April 2025, retaining a portion under a new servicing arrangement. The company plans to keep other loan portfolios, including a commercial loan portfolio guaranteed by a Fortune 500 company. Additionally, Midland States Bancorp will release its first quarter 2025 financial results around April 30, 2025, and plans to schedule its 2025 Annual Meeting of Shareholders after filing the 2024 Annual Report.

Delistings and Listing ChangesRegulatory Filings and Compliance
Midland States Bancorp Receives Nasdaq Deficiency Notification
Negative
Apr 9, 2025

Midland States Bancorp, Inc. announced that it received a deficiency notification from Nasdaq on April 3, 2025, due to its failure to timely file its Annual Report on Form 10-K for the year ended December 31, 2024. This notice does not immediately affect the company’s stock listing on Nasdaq, but it requires Midland to submit a compliance plan within 60 days. The company is working to address the delay, which is attributed to the need for additional time to finalize evaluations related to a third-party lending arrangement and internal financial controls. Midland intends to regain compliance with Nasdaq’s listing rules as soon as practicable.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jul 05, 2025