MSBI

Midland States Bancorp, Inc.

Financial Services · $690M market cap

Verdict

We can't put a fair value on MSBI right now. Our bank valuation came out more than 3× away from the share price, and no other method fits a business like this. We'd rather show nothing than a misleading number.

Business quality

3 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth15.2% a year✓
Equity per share growth3.8% a year✗
Sales growth13.6% a year✓
Free cash flow growth18.4% a year✓
Return on invested capital-0.7%✗

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Insider activity

Since Jun 30, 2026: no open-market purchases, 4 sales worth $421K and 26 other filings (stock awards, tax withholding and similar). Why purchases matter

Sales

Other filings

Mooney Kyle Owen

SVP - Chief Operating Officer · 2026-09-08

Option exercise

$68K

Mooney Kyle Owen

SVP - Chief Operating Officer · 2026-08-11

Option exercise

$34K

Mooney Kyle Owen

SVP - Chief Operating Officer · 2026-08-05

Tax withholding

$2K

Mooney Kyle Owen

SVP - Chief Operating Officer · 2026-08-04

Tax withholding

$2K

Ludwig Jeffrey G.

President & CEO · 2026-07-28

Option exercise

$240K

Show all 26 other filings

Schultz Robert F.

director · 2026-06-30

Award

1,413.908 shares

Schultz Robert F.

director · 2026-06-30

Award

1,450.546 shares

Ramos Richard T

director · 2026-06-30

Award

$45K

Ramos Richard T

director · 2026-06-30

Award

618.678 shares

McDaniel Jerry L.

director · 2026-06-30

Award

$45K

McDaniel Jerry L.

director · 2026-06-30

Award

477.208 shares

Carlson Gerald Joseph

director · 2026-06-30

Award

136.68 shares

Carlson Gerald Joseph

director · 2026-06-30

Award

1,926.782 shares

McDonnell Jeffrey M

director · 2026-06-30

Award

$45K

McDonnell Jeffrey M

director · 2026-06-30

Award

340.285 shares

Bingham Richard Dean

director · 2026-06-30

Award

1,445 shares

Bingham Richard Dean

director · 2026-06-30

Award

393.1 shares

DiMotta Jennifer

director · 2026-06-30

Award

$45K

DiMotta Jennifer

director · 2026-06-30

Award

199.269 shares

Franklin Travis

director · 2026-06-30

Award

$3K

Franklin Travis

director · 2026-06-30

Award

$42K

Smith Jeffrey C.

director · 2026-06-30

Award

267.156 shares

Smith Jeffrey C.

director · 2026-06-30

Award

218.77 shares

Smith Jeffrey C.

director · 2026-06-30

Award

1,445 shares

Casey Daniel Edward

CROF · 2026-06-30

Award

$9K

Jameson Jeremy Andrew

EVP - Chief Credit Officer · 2026-06-30

Award

$21

About Midland States Bancorp, Inc.

Midland 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 in Banking and Wealth Management segments. The company offers commercial loans; commercial real estate loans that include various property types, such as owner-occupied offices, warehouses and…

Banks - Regional

Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works