Midland States Bancorp, Inc. (MSBIP) Stock Analysis
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Midland States Bancorp, Inc. (MSBIP) trades at $25.40 with AI Score 64/100 (Grade B+). Midland States Bancorp, Inc. (MSBIP) is a financial holding company that provides a comprehensive range of banking and financial services. Market cap: $702M, Sector: Financial services.
Price as of Aug 20, 2026 · Last analyzed: Jun 15, 2026Analyst Coverage for MSBIP: MSBIP does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates MSBIP against Financial Services peers across nine fundamental dimensions and assigns a mixed fundamental profile based on the underlying data.
MSBIP: this read rests on a single discipline (MoonshotScore) — the other council disciplines have no scored data yet.
How is this calculated? →Why this analysis is different
- A sector-relative MoonshotScore — five pillars (business quality, financial safety, valuation, growth durability, momentum) re-ranked nightly against the full universe of US-listed common stocks.
- An AI Council read across up to eight perspectives — value, macro, quantitative, and momentum lenses — that shows where they disagree instead of averaging the tension away.
- Figures come straight from FMP and Yahoo Finance filings data. The AI writes the narrative around the numbers — it never edits the numbers.
Midland States Bancorp, Inc. (MSBIP) Financial Services Profile
Midland States Bancorp, Inc. stands out in the regional banking sector by offering a diverse suite of financial services, including commercial and consumer banking, wealth management, and equipment leasing, primarily serving the Midwest market.
What Is the Investment Thesis for MSBIP?
Midland States Bancorp, Inc. presents a solid investment thesis driven by its diversified service offerings and strong regional presence. The company has a market capitalization of $702M and a P/E ratio of 17.85, indicating a reasonable valuation compared to its peers. With a profit margin of 7.8% and a gross margin of 59.7%, MSBIP demonstrates operational efficiency and profitability. Growth catalysts include the expansion of its wealth management services and the potential for increased loan demand as the economy stabilizes post-pandemic. However, investors should remain cautious of risks associated with interest rate fluctuations, which could impact net interest margins, and the overall economic environment that may affect credit quality. Monitoring these metrics will be essential for assessing the company's performance in the coming quarters.
Based on FMP financials and quantitative analysis
MSBIP Key Highlights
Market capitalization of $702M reflects a stable position in the regional banking sector.
- P/E ratio of 17.85 indicates a competitive valuation relative to industry peers.
- Profit margin of 7.8% showcases effective cost management and operational efficiency.
- Gross margin of 59.7% exceeds many regional bank averages, indicating strong revenue generation capabilities.
- Dividend yield of 4.31% provides a steady income stream for investors.
Who Are MSBIP's Competitors?
MSBIP is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| FNB F.N.B. Corporation | $18.57 | -3.38% | $6.61B | 89 |
| PB Prosperity Bancshares, Inc. | $72.90 | -1.92% | $8.76B | 81 |
| CFR Cullen/Frost Bankers, Inc. | $164.70 | -1.57% | $10.2B | 86 |
| BOKF BOK Financial Corporation | $140.35 | -2.80% | $8.53B | 95 |
| ZION Zions Bancorporation, National Association | $68.39 | +0.15% | $9.98B | 98 |
| PFIS Peoples Financial Services Corp. | $70.02 | +0.53% | $701M | 92 |
| CARE Carter Bankshares, Inc. | $31.04 | +0.58% | $688M | 95 |
| RRBI Red River Bancshares, Inc. | $100.62 | +0.71% | $663M | 92 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are MSBIP's Key Strengths?
Strong regional presence with a well-established brand.
- Diverse service offerings that cater to various customer segments.
- Operational efficiency reflected in favorable profit margins.
- Experienced management team with a track record of success.
What Are MSBIP's Weaknesses?
Exposure to regional economic downturns that could impact performance.
- Dependence on interest income, making it sensitive to rate changes.
- Limited geographic diversification compared to larger national banks.
- Potential challenges in adapting to rapid technological changes.
What Could Drive MSBIP Stock Higher?
Expansion of wealth management services to meet growing demand.
- Continuous investments in technology to enhance digital banking capabilities.
- Potential geographic expansion through strategic acquisitions.
- Focus on increasing loan origination as economic conditions improve.
- Strengthening customer relationships through personalized service initiatives.
What Are the Key Risks for MSBIP?
Financial-distress signal — its Altman Z-Score of 0.21 sits in the distress zone (elevated bankruptcy risk).
- Sensitivity to interest rate changes impacting net interest margins.
- Exposure to regional economic downturns affecting credit quality.
- Increased competition from fintech companies disrupting traditional banking.
- Regulatory changes that could affect operational flexibility.
What Are the Growth Opportunities for MSBIP?
- Expansion of Wealth Management Services: Midland States Bancorp aims to enhance its wealth management division, which currently represents a significant growth opportunity. The wealth management market is expected to grow to $5 trillion by 2027, driven by increasing demand for personalized financial advice and investment management. By leveraging its existing customer relationships, Midland can capture a larger share of this expanding market, thereby increasing fee-based revenue streams.
- Increased Loan Demand: As the economy continues to recover from the impacts of the pandemic, demand for loans, particularly commercial real estate and consumer loans, is anticipated to rise. Midland States Bancorp's diverse loan offerings position it well to capitalize on this trend. The total addressable market for commercial loans is projected to reach $1.5 trillion by 2026, providing ample opportunity for growth in this segment.
- Technological Advancements: The ongoing digital transformation within the banking sector presents Midland States Bancorp with the opportunity to enhance its service delivery through technology. Investments in digital banking platforms and mobile applications can improve customer experience and operational efficiency. The digital banking market is expected to grow at a CAGR of 10% through 2025, allowing Midland to attract tech-savvy customers and streamline operations.
- Geographic Expansion: Midland States Bancorp can explore opportunities to expand its footprint beyond its current Midwest base. By strategically acquiring smaller regional banks or opening new branches in underserved markets, the company could tap into new customer bases. The regional banking market is ripe for consolidation, and Midland's strong financial position enables it to pursue such growth strategies.
- Commercial Equipment Leasing Growth: Midland's commercial equipment leasing services represent a unique growth avenue, particularly as businesses look to finance equipment without significant upfront capital. The equipment leasing market is projected to grow to $1 trillion by 2026, driven by increased demand for technology and machinery. By expanding its leasing offerings, Midland can diversify its revenue streams and attract new business clients.
What Are MSBIP's Competitive Advantages?
- Established brand recognition and trust within the Midwest community.
- Diverse range of financial services catering to various customer needs.
- Strong customer relationships fostered through personalized service.
- Ability to adapt to changing market conditions and customer preferences.
- Operational efficiency demonstrated by favorable profit margins.
What Does MSBIP Do?
Founded in 1881, Midland States Bancorp, Inc. operates as the financial holding company for Midland States Bank, headquartered in Effingham, Illinois. The company has evolved significantly since its inception, expanding its operations to encompass a wide array of banking and financial services tailored to meet the needs of individuals, businesses, and local governments. Midland States Bancorp segments its operations into Banking, Wealth Management, and Other divisions, allowing it to provide specialized services across various customer segments. The banking division offers a comprehensive range of deposit products, including checking, savings, money market, and certificates of deposit, alongside commercial loans for capital equipment, lines of credit, and real estate financing. On the consumer side, the company provides residential real estate loans, home equity lines of credit, and personal installment loans. Additionally, Midland States Bancorp distinguishes itself by offering commercial equipment leasing and a full suite of trust and wealth management services, which include financial planning, investment management, and corporate retirement plan consulting. As of December 31, 2021, the company operated 52 full-service banking branches, reinforcing its established presence in the Midwest market and its commitment to community banking.
What Products and Services Does MSBIP Offer?
- Provide a comprehensive range of banking services, including checking and savings accounts.
- Offer commercial loans for businesses, including lines of credit and real estate financing.
- Deliver wealth management services, including investment management and estate planning.
- Facilitate consumer loans for personal needs such as home equity and vehicle purchases.
- Engage in commercial equipment leasing for businesses seeking to finance necessary equipment.
- Operate a network of full-service banking branches across the Midwest.
How Does MSBIP Make Money?
- Generate revenue through interest income from loans and fees from banking services.
- Offer wealth management services that provide fee-based income streams.
- Engage in commercial equipment leasing, generating income through lease payments.
- Provide a range of deposit products that attract customer funds, facilitating lending activities.
- Utilize a diversified service portfolio to mitigate risks associated with market fluctuations.
What Industry Does MSBIP Operate In?
The regional banking industry is characterized by a competitive landscape with numerous players vying for market share. As of 2023, the industry is projected to grow at a CAGR of approximately 4.5% over the next five years, driven by increasing demand for personalized banking services and technological advancements. Midland States Bancorp, Inc. is well-positioned within this context, leveraging its established brand and community-focused approach to capture growth opportunities. The rise of fintech companies presents both challenges and opportunities, as traditional banks adapt to the evolving financial services landscape. Midland's focus on customer relationships and comprehensive service offerings helps maintain its competitive edge.
Who Are MSBIP's Key Customers?
- Individuals seeking personal banking and loan services.
- Small to medium-sized businesses requiring commercial banking solutions.
- Local governments needing financial services for public projects.
- High-net-worth individuals looking for wealth management and investment services.
- Agricultural clients requiring specialized financing options.
Midland States Bancorp, Inc. (MSBIP) Valuation Context
Valued at $702M, MSBIP is classified as a small-cap stock. Relative to its peer group, MSBIP's quantitative score of 64/100 is below the peer average of 90/100.
MSBIP Revenue & Earnings Trend
In Q2 2026, MSBIP generated $111.9M in top-line revenue, marking a sequential increase of 3.5%. The company recorded net income of $19.9M, with diluted EPS of $0.84. Revenue has increased across the last three reported quarters, suggesting sustained momentum for this small-cap Financial Services company. Across the four most recent quarters, MSBIP averaged $0.40 in diluted EPS.
Company Profile
Midland States Bancorp, Inc. operates in the Banks - Regional industry within the Financial Services sector. It is headquartered in Effingham, US. The company is led by CEO Jeffrey G. Ludwig. MSBIP has traded publicly since 2022.
Key Financial Metrics
Return on equity for Midland States Bancorp, Inc. stands at 7.6%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 0.6%, showing how much profit it generates from its asset base. MSBIP trades at a trailing price-to-earnings ratio of 16.35, roughly in line with the Financial Services sector average of ~18x. Its free cash flow yield is 16.8%, a gauge of the cash the business throws off relative to its market value. A current ratio of 0.35 means current liabilities exceed short-term assets, a liquidity point worth watching. Its earnings yield is 6.1%, the inverse of the P/E and a quick read on earnings relative to price.
Financial Health
Midland States Bancorp, Inc.'s Piotroski F-Score is 7/9, a 9-point checklist of profitability, leverage and efficiency — signaling solid underlying fundamentals. Its Altman Z-Score of 0.21 places it in the distress zone, a signal of elevated financial risk.
Earnings Track Record
Midland States Bancorp, Inc. has beaten Wall Street's EPS estimate in 4 of its last 8 reported quarters — more hits than misses. Reported results have landed about 496.2% below estimates on average.
Forward Outlook
Wall Street analysts project Midland States Bancorp, Inc. revenue of about $331.4M for fiscal 2026, with EPS near $3.34. The estimate reflects 5 contributing analysts.
MSBIP Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- Midland States Bancorp seems to be gaining traction in the community, with more folks talking positively about its long-term strategy. It feels like the market is starting to recognize the value in their community-focused approach.
- Recent insider activity suggests confidence from within, which often translates to positive market sentiment. When those closest to the company are buying, it's usually a good sign.
- There's a growing perception that regional banks, like MSBIP, are undervalued compared to larger institutions. This could lead to increased investor interest and a potential re-rating.
- The overall narrative around community banking is shifting, with many seeing it as a safe haven during economic uncertainty. MSBIP could benefit from this flight to quality.
Bear Case
- Despite some positive chatter, there's still a segment of the community concerned about the long-term impact of interest rate hikes on MSBIP's loan portfolio. It's a valid concern that needs to be monitored.
- The market perception of regional banks can be fickle, and any negative news in the sector could drag MSBIP down, regardless of its individual performance. It's a risk to be aware of.
- While insider buying is encouraging, it's important to remember that insiders can be wrong too. It's just one piece of the puzzle, and shouldn't be the sole basis for a bullish outlook.
- Some community members are worried about increased competition in the regional banking space. New fintech entrants and larger banks expanding their reach could squeeze MSBIP's margins.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
Recent Quarterly Results
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q2 2026 | $112M | $20M | $0.84 |
| Q1 2026 | $108M | $18M | $0.76 |
| Q4 2025 | $107M | -$3M | -$0.24 |
| Q3 2025 | $116M | $8M | $0.24 |
Based on FMP financials and quantitative analysis
MSBIP Latest News
No recent news available for MSBIP.
MSBIP Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for MSBIP.
Price Targets
Wall Street price target analysis for MSBIP.
MSBIP MoonshotScore
What does this score mean?
The MoonshotScore rates MSBIP 0-100 on quantitative fundamentals — growth, financial health, valuation, momentum, and risk.
Leadership: Jeffrey G. Ludwig
CEO
Jeffrey G. Ludwig has extensive experience in the banking industry, having held various leadership roles throughout his career. He holds a degree in finance and has been instrumental in driving the strategic direction of Midland States Bancorp since joining the company. His leadership style emphasizes community engagement and customer-focused service.
Track Record: Under Jeffrey's leadership, Midland States Bancorp has achieved significant milestones, including the expansion of its service offerings and the successful integration of technology into its banking operations. His focus on community banking has strengthened the company's market position in the Midwest.
What Investors Ask About Midland States Bancorp, Inc. (MSBIP) — Financial Services
What does the AI Score mean for MSBIP?
MSBIP holds an AI Score of 64/100 (Grade: B+). This is an educational research signal, not a buy or sell recommendation. Midland States Bancorp, Inc. (MSBIP) is a financial holding company that provides a comprehensive range of banking and financial services. With a strong presence in the Midwest, it serves a diverse …
What does Midland States Bancorp, Inc. do?
Midland States Bancorp, Inc. operates as a financial holding company, providing a wide range of banking and financial services through its subsidiary, Midland States Bank. The company offers deposit accounts, commercial and consumer loans, wealth management services, and equipment leasing, primarily serving individuals, businesses, and local governments in the Midwest.
How is Midland States Bancorp, Inc. adapting to fintech disruption?
Midland States Bancorp, Inc. is actively investing in digital transformation initiatives to enhance its competitive response to fintech challengers. This includes developing user-friendly digital banking platforms and mobile applications that improve customer experience and streamline operations, ensuring the company remains relevant in a rapidly evolving financial landscape.
What are the main risks for MSBIP?
Midland States Bancorp, Inc. faces several risks, including sensitivity to interest rate changes that could impact net interest margins and profitability. Additionally, the company is exposed to regional economic downturns that may affect credit quality. The competitive landscape is also a concern, as fintech companies continue to disrupt traditional banking models, necessitating ongoing adaptation and innovation.
What are the key factors to evaluate for MSBIP?
Midland States Bancorp, Inc. (MSBIP) holds an AI score of 64/100 (moderate). presents a solid investment thesis driven by its diversified service offerings and strong regional presence. Not financial advice.
How frequently does MSBIP data refresh on this page?
MSBIP's price was last updated on Aug 20, 2026 and refreshes on page view during U.S. market hours — it is not a real-time exchange feed. Fundamentals update after quarterly filings; the MoonshotScore recalculates nightly; news aggregates continuously.
What has driven MSBIP's recent stock price performance?
Midland States Bancorp, Inc. (MSBIP) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Strong regional presence with a well-established brand. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider MSBIP overvalued or undervalued right now?
Midland States Bancorp, Inc. (MSBIP) has no trailing P/E available here, so lean on price-to-sales and cash flow in the Financials tab. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
How do I research MSBIP before investing?
Before investing in Midland States Bancorp, Inc. (MSBIP), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) analyst consensus ratings and price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- All data is based on the latest available information as of June 2023.