Midland States Stock Price, News & Analysis
Company Description
Midland States Bancorp, Inc. (NASDAQ: MSBI) is a community-based financial holding company in the commercial banking industry. According to its public disclosures, Midland States Bancorp is the sole shareholder of Midland States Bank and is headquartered in Effingham, Illinois. The company operates in the finance and insurance sector and focuses on providing banking and related financial services through its community banking and wealth management platforms.
Based on company descriptions in its news releases, Midland States Bancorp offers a full range of commercial and consumer banking products and services. These include commercial and consumer banking, merchant credit card services, trust and investment management, and insurance and financial planning services. The company has highlighted its community banking operations and wealth management activities as core areas of focus.
Business Segments and Activities
Midland States Bancorp reports activities across banking and wealth management. The banking operations provide financial products and services to consumers and businesses. Company communications describe a community bank that works with commercial clients and retail customers, with loan production coming from commercial clients that provide broader banking relationships. The company has also discussed specialty finance and equipment finance portfolios, as well as non-core loans originated through third-party programs.
The wealth management business is described in company news as a platform that generates revenue from trust and fiduciary services, brokerage, retirement planning and related activities. Midland States Bancorp reports assets under administration in its Wealth Management Group and notes that this business contributes meaningfully to overall revenue.
Community Banking Focus
In recent news, Midland States Bancorp has emphasized a strategic focus on its core community banking operations. The company has described efforts to grow its community bank, including adding sales positions and building pipelines of commercial clients that seek full banking relationships. It has also reported growth in community bank deposits, particularly from commercial customers, while intentionally reducing certain higher-cost or non-core funding sources.
Company updates describe the community bank as an important driver of loan originations and deposit relationships. Midland States Bancorp has indicated that it has exited some borrower relationships with weaker operating performance and tightened underwriting standards in certain portfolios as part of its overall credit and balance sheet management.
Wealth Management and Trust Services
Midland States Bancorp’s Wealth Management Group is identified in its public news releases as a significant contributor to noninterest income. The company reports trust assets under administration and notes that wealth management revenue has reached record levels in some quarters. It has also disclosed the addition of new sales positions in wealth management and described strong business pipelines.
Through this group, the company provides trust and investment management services, retirement planning, and related fiduciary offerings. These activities complement the community bank by serving individuals, businesses and other clients that require long-term asset administration and planning services.
Capital, Dividends and Share Repurchases
Midland States Bancorp reports that it exceeds applicable regulatory capital requirements and that Midland States Bank meets the qualifications to be a “well-capitalized” financial institution under Basel III standards, based on capital ratios disclosed in its quarterly results. The company has discussed targeting a higher common equity tier 1 capital ratio and has taken actions such as redeeming subordinated notes and reducing certain loan portfolios to support its capital position.
The company has a long history of paying common stock dividends. In its August 2025 and November 2025 announcements, Midland States Bancorp disclosed quarterly cash dividends on its common stock and on its 7.75% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A. In August 2025, the company noted that the increase in its quarterly common dividend represented the 25th consecutive year in which Midland States Bancorp increased its quarterly cash dividend. In November 2025, the company also announced that its board of directors approved a stock repurchase program authorizing the repurchase of up to $25 million of common stock within a defined period.
Balance Sheet and Portfolio Management
In its 2025 quarterly results, Midland States Bancorp has described a series of actions to adjust its loan portfolio and funding mix. The company has reported intentional reductions in certain specialty finance and non-core loan portfolios, as well as tightened underwriting standards. It has also disclosed that it ceased originations in its equipment finance portfolio effective September 30, 2025, and later announced the sale of substantially all of its equipment finance portfolio to an affiliate of North Mill Equipment Finance LLC.
According to the December 2025 transaction announcement, Midland States Bank sold substantially all of its equipment finance portfolio, retaining a portion of loans and leases. The company stated that this sale aligns with its strategy to focus resources and capital on core community banking operations and that the proceeds were intended in large part for paying down higher-cost wholesale funding.
Regulatory Filings and Listing
Midland States Bancorp’s common stock trades on The Nasdaq Stock Market LLC under the symbol MSBI. Depositary shares representing interests in its 7.75% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A, trade under the symbol MSBIP, as disclosed in multiple Form 8-K filings. The company files periodic reports, proxy statements and current reports with the U.S. Securities and Exchange Commission.
In 2025, Midland States Bancorp reported a delay in filing its Quarterly Report on Form 10-Q for the period ended June 30, 2025, related to previously disclosed restatements of prior financial statements. The company filed a Form 12b-25 notification of late filing and subsequently received a deficiency notice from Nasdaq regarding the timeliness of its filing obligations. In its communications, the company stated that the Nasdaq notice had no immediate effect on the listing or trading of its common stock or depositary shares and that it intended to regain compliance with Nasdaq listing rules.
Corporate Governance
Midland States Bancorp is an Illinois corporation and the holding company of Midland States Bank. Its definitive proxy statement for the 2025 annual meeting of shareholders describes a board of directors structure with classified board terms, board committees, and governance policies such as a code of business conduct and ethics, an anti-hedging policy, and a clawback policy. Shareholders vote on matters including the election of directors, advisory votes on executive compensation and its frequency, and the ratification of the independent registered public accounting firm.
The proxy materials explain how shareholders may vote, attend the annual meeting, and communicate with the board. They also describe the company’s approach to executive compensation, including base salary, annual incentive bonuses, and long-term equity incentive awards, as well as the role of the compensation committee and other governance practices.
Risk Management and Credit Quality
In its 2025 quarterly earnings releases, Midland States Bancorp has discussed credit quality trends, nonperforming assets, and provision for credit losses. The company has reported efforts to reduce problem loans, sell non-core portfolios, and tighten underwriting standards, particularly in specialty finance and equipment finance. It has also provided data on nonperforming loans, loans past due, net charge-offs, and allowance for credit losses as a percentage of total loans.
These disclosures indicate that credit risk management and portfolio repositioning are important elements of the company’s operations. Management commentary in the earnings releases describes a focus on improving the credit profile, strengthening the balance sheet, and adjusting exposure to higher-risk asset classes.
Investor Communications
Midland States Bancorp regularly issues press releases announcing its quarterly financial results and makes related slide presentations available. The company also announces upcoming earnings release dates and investor presentations. Through its SEC filings and news releases, Midland States Bancorp provides information on financial performance, capital actions, dividends, share repurchases, and strategic portfolio decisions.
Stock Performance
Midland States (MSBI) stock last traded at $21.84, down 0.05% from the previous close. Over the past 12 months, the stock has gained 23.6%. At a market capitalization of $455.5M, MSBI is classified as a small-cap stock with approximately 21.5M shares outstanding.
Latest News
Midland States has 10 recent news articles. Of the recent coverage, 7 articles coincided with positive price movement and 3 with negative movement. Key topics include dividends, earnings date, buybacks. View all MSBI news →
SEC Filings
Midland States has filed 5 recent SEC filings, including 2 Form 3, 1 Form DEF 14A, 1 Form 8-K, 1 Form 10-K. The most recent filing was submitted on March 23, 2026. SEC filings provide transparency into a company's financial condition, material events, and regulatory compliance. View all MSBI SEC filings →
Insider Radar
Insider selling at Midland States over the past 90 days can reflect routine portfolio management, scheduled trading plans (Rule 10b5-1), tax planning, or compensation-related dispositions rather than a directional view on the stock.
Financial Highlights
net income was -$124.3M. Diluted earnings per share stood at $-6.12. The company generated $125.7M in operating cash flow.
Upcoming Events
Preferred dividend payable
President retirement
Midland States has 2 upcoming scheduled events. The next event, "Preferred dividend payable", is scheduled for March 30, 2026 (in 5 days). 1 of the upcoming events are financial in nature, such as earnings calls or quarterly results. Investors can track these dates to stay informed about potential catalysts that may affect the MSBI stock price.
Short Interest History
Short interest in Midland States (MSBI) currently stands at 403.9 thousand shares, up 9.3% from the previous reporting period, representing 2.1% of the float. This relatively low short interest suggests limited bearish sentiment.
Days to Cover History
Days to cover for Midland States (MSBI) currently stands at 1.8 days, down 17.9% from the previous period. This low days-to-cover ratio indicates high liquidity, allowing short sellers to quickly exit positions if needed. The days to cover has decreased 48.6% over the past year, suggesting improved liquidity for short covering. The ratio has shown significant volatility over the period, ranging from 1.5 to 4.1 days.
MSBI Company Profile & Sector Positioning
Midland States (MSBI) operates in the Banks - Regional industry within the broader State Commercial Banks sector and is listed on the NASDAQ.
Investors comparing MSBI often look at related companies in the same sector, including Blue Ridge Bnksh (BRBS), Bank Marin Bancorp (BMRC), Bankwell Financi (BWFG), Red River Bancshares (RRBI), and Sierra Bancorp (BSRR). Comparing financial metrics, valuation ratios, and stock performance across these peers can help investors evaluate MSBI's relative position within its industry.