MSBI - Midland States Bancorp, Inc.
Price:
--
--
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CONSENSUS:
Hold
DETAILS
|
PRICE TARGET:
$26.50
DETAILS
HIGH:
$28.00
LOW:
$25.50
MEDIAN:
$26.00
CONSENSUS:
$26.50
DOWNSIDE:
4.09%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||
| Revenue | 467.6 | 546.1 | 508.5 | 436.5 | 313.2 | 316.0 | 326.9 | 294.7 | 210.5 | 191.3 | 174.3 | 89.2 | 92.3 | 74.9 | 94.3 | 102.4 | 92.5 | 25.9 |
| Cost of Revenue | 199.3 | 310.1 | 250.8 | 132.8 | 33.5 | 90.1 | 76.7 | 52.7 | 33.0 | 21.6 | 24.0 | 8.6 | 9.2 | 0 | 0 | 38.7 | 41.3 | 0 |
| Gross Profit | 268.3 | 235.9 | 257.7 | 303.7 | 279.7 | 225.9 | 250.3 | 242.0 | 177.5 | 169.8 | 150.3 | 80.5 | 83.1 | 74.9 | 0 | 63.7 | 51.2 | 0 |
| Operating Expenses | ||||||||||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 125.8 | 102.8 | 101.4 | 97.0 | 93.5 | 89.1 | 95.8 | 102.2 | 83.8 | 70.7 | 68.3 | 36.4 | 33.1 | 43.0 | 0 | 32.3 | 16.1 | 0 |
| Other Expenses | 245.7 | 86.2 | 68.3 | 75.4 | 87.1 | 104.8 | 81.9 | 89.0 | 67.2 | 48.6 | 46.6 | 28.7 | 29.4 | 13.4 | 0 | 14.8 | 7.5 | 0 |
| Operating Expenses | 371.5 | 189.0 | 169.7 | 172.3 | 180.6 | 193.8 | 177.8 | 191.2 | 151.0 | 119.3 | 114.9 | 65.1 | 62.6 | 56.4 | 0 | 47.1 | 23.6 | 0 |
| Operating Income | ||||||||||||||||||
| Operating Income | (103.2) | 46.9 | 88.0 | 131.4 | 99.1 | 32.0 | 72.5 | 50.8 | 26.5 | 50.4 | 35.5 | 15.5 | 20.5 | 24.4 | 22.9 | 16.6 | 27.6 | 2.7 |
| Interest Expense | 151.1 | 189.8 | 168.3 | 56.0 | 30.1 | 45.8 | 59.7 | 43.3 | 0 | 0 | 0 | 8.5 | 9.1 | 0 | 0 | 25.1 | 20.6 | 0 |
| Interest Income | 387.9 | 411.7 | 417.1 | 312.7 | 237.8 | 244.9 | 249.5 | 223.4 | 153.1 | 121.2 | 117.8 | 73.1 | 75.0 | 0 | 0 | 83.3 | 49.4 | 0 |
| Profitability | ||||||||||||||||||
| EBITDA | (93.5) | 46.9 | 100.7 | 145.8 | 115.5 | 51.5 | 91.9 | 66.9 | 39.9 | 63.8 | 48.0 | 21.5 | 26.0 | (11.1) | 22.9 | 20.3 | 28.9 | 2.7 |
| EBIT | (103.2) | 46.9 | 88.0 | 131.4 | 99.1 | 32.0 | 72.5 | 50.8 | 26.5 | 50.4 | 35.5 | 15.5 | 20.5 | 18.5 | 22.9 | 16.6 | 27.6 | 2.7 |
| Income Before Tax | (114.9) | 46.9 | 88.0 | 131.4 | 99.1 | 32.0 | 72.5 | 50.8 | 26.5 | 50.4 | 35.5 | 15.5 | 20.5 | 18.5 | 15.3 | 16.6 | 27.6 | 2.7 |
| Income Tax Expense | 9.4 | 8.9 | 26.8 | 31.1 | 17.8 | 9.5 | 16.7 | 11.4 | 10.4 | 18.9 | 11.1 | 4.7 | 6.0 | 4.8 | 4.0 | 4.6 | 9.3 | 0.6 |
| Net Income | (124.3) | 38.0 | 61.2 | 100.2 | 81.3 | 22.5 | 55.8 | 39.4 | 16.1 | 31.5 | 24.3 | 10.8 | 14.5 | 8.4 | 11.4 | 12.1 | 18.3 | 2.1 |
| Per Share Data | ||||||||||||||||||
| EPS (Basic) | -6.14 | 1.32 | 2.33 | 4.24 | 3.58 | 0.95 | 2.28 | 1.69 | 0.89 | 2.22 | 1.63 | 0.21 | 0.66 | 0.79 | 0.47 | 0.57 | 1.08 | 0.14 |
| EPS (Diluted) | -6.14 | 1.32 | 2.33 | 4.23 | 3.57 | 0.95 | 2.26 | 1.66 | 0.87 | 2.17 | 1.63 | 0.21 | 0.66 | 1.22 | 0.47 | 0.57 | 1.08 | 0.14 |
| Shares Outstanding | 21.9 | 21.7 | 22.1 | 22.3 | 22.5 | 23.3 | 24.3 | 23.1 | 17.8 | 14.1 | 14.8 | 14.8 | 14.8 | 10.7 | 15.4 | 14.8 | 14.8 | 15.4 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | |||||||||||
| Cash & Cash Equivalents | 127.3 | 114.1 | 134.2 | 153.3 | 673.3 | 337.1 | 392.7 | 210.8 | 214.5 | 189.5 | 83.8 |
| Short-Term Investments | 1,291.8 | 952.3 | 915.9 | 768.2 | 906.6 | 676.7 | 649.4 | 657.5 | 450.5 | 247.2 | 0 |
| Net Receivables | 23.8 | 402.1 | 498.3 | 512.1 | 442.8 | 433.6 | 348.9 | 289.4 | 225.2 | 205.5 | 5.8 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 0 | 0 | 0 | 0 | 0 | 0 | 6.4 | 0 | 0 | (0.9) | 0 |
| Total Current Assets | 1,442.9 | 1,468.4 | 1,548.4 | 1,433.6 | 2,022.7 | 1,447.4 | 1,397.4 | 1,157.7 | 890.3 | 641.4 | 89.7 |
| Non-Current Assets | |||||||||||
| Property, Plant & Equipment | 85.1 | 85.7 | 82.8 | 78.3 | 79.2 | 83.3 | 105.3 | 94.8 | 76.2 | 66.7 | 10.9 |
| Goodwill | 7.9 | 161.9 | 161.9 | 161.9 | 161.9 | 161.9 | 171.8 | 164.7 | 98.6 | 48.8 | 7.6 |
| Intangible Assets | 20.8 | 29.9 | 36.4 | 22.1 | 53.2 | 68.5 | 88.7 | 90.8 | 73.3 | 75.2 | 1.1 |
| Long-Term Investments | 4,514.4 | 5,318.4 | 5,641.0 | 5,830.5 | 4,828.4 | 4,836.9 | 4,109.3 | 3,932.3 | 3,100.2 | 2,282.4 | 913.0 |
| Other Non-Current Assets | 442.2 | 442.5 | 396.4 | 329.1 | 298.4 | 271.3 | 220.9 | 196.1 | 162.2 | 119.2 | 91.5 |
| Total Non-Current Assets | 5,070.5 | 6,038.4 | 6,318.5 | 6,421.9 | 5,421.2 | 5,421.1 | 4,696.0 | 4,480.0 | 3,522.4 | 2,592.3 | 1,024.1 |
| Total Assets | 6,513.4 | 7,506.8 | 7,866.9 | 7,855.5 | 7,443.8 | 6,868.5 | 6,087.0 | 5,637.7 | 4,412.7 | 3,233.7 | 1,113.8 |
| Current Liabilities | |||||||||||
| Account Payables | 0 | 124.3 | 110.5 | 80.2 | 93.9 | 0 | 6.4 | 4.9 | 2.5 | 1.0 | 2.1 |
| Short-Term Debt | 60.2 | 87.5 | 184.9 | 184.6 | 76.8 | 69.0 | 82.0 | 157.1 | 165.1 | 131.6 | 90.2 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 5,424.4 | 6,197.2 | 6,309.5 | 6,364.7 | 6,110.6 | 5,101.0 | 4,544.3 | 4,074.2 | 3,131.1 | 2,404.4 | 918.1 |
| Total Current Liabilities | 5,484.6 | 6,409.0 | 6,604.9 | 6,629.5 | 6,281.3 | 5,170.0 | 4,632.7 | 4,236.1 | 3,301.3 | 2,538.0 | 1,012.4 |
| Non-Current Liabilities | |||||||||||
| Long-Term Debt | 320.0 | 335.7 | 419.5 | 459.8 | 449.1 | 948.8 | 669.8 | 701.7 | 581.2 | 292.0 | 11.3 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 11.3 | 0 | 0 | 8.6 | 0 |
| Other Non-Current Liabilities | 143.3 | 51.2 | 50.6 | 7.7 | 38.8 | 116.4 | 96.0 | 91.3 | 80.7 | 73.3 | 16.8 |
| Total Non-Current Liabilities | 463.4 | 387.0 | 470.2 | 467.4 | 498.6 | 1,077.2 | 792.4 | 793.0 | 661.9 | 373.9 | 28.1 |
| Total Liabilities | 5,947.9 | 6,796.0 | 7,075.0 | 7,096.9 | 6,780.0 | 6,247.1 | 5,425.1 | 5,029.1 | 3,963.2 | 2,912.0 | 1,040.5 |
| Stockholders' Equity | |||||||||||
| Common Stock | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 1 |
| Retained Earnings | 86.8 | 247.7 | 322.4 | 282.4 | 212.5 | 156.3 | 165.9 | 133.8 | 114.5 | 112.5 | 50.2 |
| Accumulated Other Comprehensive Income | (60.3) | (82.0) | (76.8) | (83.8) | 5.2 | 11.4 | 7.4 | (2.1) | 1.8 | (0.6) | (2.6) |
| Total Stockholders' Equity | 565.5 | 710.8 | 791.9 | 758.6 | 663.8 | 621.4 | 661.9 | 608.5 | 449.5 | 321.8 | 73.3 |
| Total Liabilities & Equity | 6,513.4 | 7,506.8 | 7,866.9 | 7,855.5 | 7,443.8 | 6,868.5 | 6,087.0 | 5,637.7 | 4,412.7 | 3,233.7 | 1,113.8 |
| Debt Metrics | |||||||||||
| Total Debt | 380.2 | 423.2 | 604.4 | 644.4 | 536.6 | 1,029.7 | 767.2 | 858.8 | 746.4 | 423.6 | 101.5 |
| Net Debt | 252.9 | 309.2 | 470.2 | 491.0 | (136.7) | 692.6 | 374.5 | 648.0 | 531.8 | 234.1 | 17.6 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | (124.3) | 38.0 | 75.5 | 99.0 | 81.3 | 22.5 | 55.8 | 39.4 | 16.1 | 31.5 |
| Depreciation & Amortization | 12.0 | 13.2 | 12.7 | 14.4 | 16.3 | 19.5 | 19.4 | 16.1 | 13.4 | 13.4 |
| Stock-Based Compensation | 2.9 | 3.0 | 2.5 | 2.2 | 1.9 | 2.2 | 2.4 | 1.5 | 1.4 | 0.5 |
| Change in Working Capital | (9.8) | 8.6 | 4.3 | (13.5) | (3.5) | (34.4) | 9.4 | 9.9 | (1.6) | (4.3) |
| Other Non-Cash Items | 244.9 | 113.7 | 59.7 | 145.0 | 238.3 | 489.3 | 439.1 | 19.6 | 29.1 | (31.5) |
| Operating Cash Flow | 125.7 | 176.5 | 154.6 | 247.1 | 334.4 | 499.1 | 538.7 | 97.1 | 70.5 | 24.1 |
| Investing Activities | ||||||||||
| Capital Expenditure | (5.3) | (6.9) | (8.7) | (3.5) | (2.7) | (2.6) | (5.5) | (7.2) | (6.2) | (2.2) |
| Acquisitions | 0 | 0.0 | 0 | 60.3 | (2.7) | 0 | 69.9 | 36.2 | (18.5) | (5.2) |
| Purchases of Investments | (809.2) | 0 | (652.7) | (217.6) | (470.0) | (281.9) | (214.6) | (97.1) | (280.6) | (205.4) |
| Sales/Maturities of Investments | 540.0 | 489.4 | 513.8 | 236.4 | 243.4 | 242.3 | 286.0 | 174.2 | 298.6 | 202.1 |
| Other Investing Activities | 1,023.5 | (345.9) | 71.5 | (1,174.5) | (246.4) | (1,270.2) | (500.6) | (112.8) | (227.9) | (348.3) |
| Investing Cash Flow | 748.9 | 136.7 | (76.1) | (1,098.9) | (478.5) | (1,312.4) | (364.8) | (6.7) | (234.6) | (359.1) |
| Financing Activities | ||||||||||
| Net Debt Issuance | (43.1) | (181.1) | 2.7 | 75.3 | (492.2) | 265.5 | (118.5) | 94.2 | 212.8 | 213.5 |
| Stock Repurchased | (9.7) | (5.5) | (17.9) | (1.1) | (11.7) | (39.6) | (4.0) | 0 | 0 | 0 |
| Dividends Paid | (36.6) | (36.0) | (35.5) | (29.1) | (25.2) | (25.0) | (23.8) | (20.3) | (14.2) | (9.9) |
| Other Financing Activities | (772.9) | (111.0) | (53.5) | 176.4 | 1,011.9 | 559.5 | 155.9 | (168.0) | (13.1) | 38.0 |
| Financing Cash Flow | (861.5) | (333.5) | (104.1) | 332.1 | 482.8 | 760.4 | 6.9 | (91.9) | 188.6 | 313.2 |
| Cash Position | ||||||||||
| Net Change in Cash | 13.0 | (20.3) | (25.6) | (519.7) | 338.7 | (52.9) | 180.8 | (1.5) | 24.5 | (21.8) |
| Cash at Beginning | 114.8 | 135.1 | 160.6 | 680.4 | 341.6 | 394.5 | 213.7 | 215.2 | 190.7 | 212.5 |
| Cash at End | 127.8 | 114.8 | 135.1 | 160.6 | 680.4 | 341.6 | 394.5 | 213.7 | 215.2 | 190.7 |
| Free Cash Flow | 120.3 | 169.6 | 145.9 | 243.6 | 331.7 | 496.6 | 533.1 | 89.9 | 64.3 | 21.9 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||||||||
| Revenue | 467.6 | 546.1 | 508.5 | 436.5 | 313.2 | 316.0 | 326.9 | 294.7 | 210.5 | 191.3 | 174.3 | 89.2 | 92.3 | 74.9 | 94.3 | 102.4 | 92.5 | 25.9 |
| Gross Profit | 268.3 | 235.9 | 257.7 | 303.7 | 279.7 | 225.9 | 250.3 | 242.0 | 177.5 | 169.8 | 150.3 | 80.5 | 83.1 | 74.9 | 0 | 63.7 | 51.2 | 0 |
| Operating Income | (103.2) | 46.9 | 88.0 | 131.4 | 99.1 | 32.0 | 72.5 | 50.8 | 26.5 | 50.4 | 35.5 | 15.5 | 20.5 | 24.4 | 22.9 | 16.6 | 27.6 | 2.7 |
| Net Income | (124.3) | 38.0 | 61.2 | 100.2 | 81.3 | 22.5 | 55.8 | 39.4 | 16.1 | 31.5 | 24.3 | 10.8 | 14.5 | 8.4 | 11.4 | 12.1 | 18.3 | 2.1 |
| EPS (Diluted) | -6.14 | 1.32 | 2.33 | 4.23 | 3.57 | 0.95 | 2.26 | 1.66 | 0.87 | 2.17 | 1.63 | 0.21 | 0.66 | 1.22 | 0.47 | 0.57 | 1.08 | 0.14 |
| Balance Sheet | ||||||||||||||||||
| Cash & Equivalents | 127.3 | 114.1 | 134.2 | 153.3 | 673.3 | 337.1 | 392.7 | 210.8 | 214.5 | 189.5 | 83.8 | |||||||
| Total Assets | 6,513.4 | 7,506.8 | 7,866.9 | 7,855.5 | 7,443.8 | 6,868.5 | 6,087.0 | 5,637.7 | 4,412.7 | 3,233.7 | 1,113.8 | |||||||
| Total Debt | 380.2 | 423.2 | 604.4 | 644.4 | 536.6 | 1,029.7 | 767.2 | 858.8 | 746.4 | 423.6 | 101.5 | |||||||
| Stockholders' Equity | 565.5 | 710.8 | 791.9 | 758.6 | 663.8 | 621.4 | 661.9 | 608.5 | 449.5 | 321.8 | 73.3 | |||||||
| Cash Flow | ||||||||||||||||||
| Operating Cash Flow | 125.7 | 176.5 | 154.6 | 247.1 | 334.4 | 499.1 | 538.7 | 97.1 | 70.5 | 24.1 | ||||||||
| Capital Expenditure | (5.3) | (6.9) | (8.7) | (3.5) | (2.7) | (2.6) | (5.5) | (7.2) | (6.2) | (2.2) | ||||||||
| Free Cash Flow | 120.3 | 169.6 | 145.9 | 243.6 | 331.7 | 496.6 | 533.1 | 89.9 | 64.3 | 21.9 | ||||||||