MainSource Financial Group, Inc. (MSFG) Stock Analysis
DELISTED 2018
What happened to MainSource Financial Group, Inc. (MSFG) stock?
MainSource Financial Group, Inc. (MSFG) no longer trades on public markets. It was delisted in April 2018. The figures below are historical and are not a current quote.
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.
MainSource Financial Group, Inc. (MSFG) trades at $40.65. MainSource Financial Group, Inc. operates as a bank, providing a range of financial services to its customers. Sector: Financial services.
Last analyzed: Mar 16, 2026Analyst Coverage for MSFG: MSFG 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 MSFG against Financial Services peers across nine fundamental dimensions and assigns a neutral fundamental signal based on the underlying data.
MainSource Financial Group, Inc. (MSFG) Financial Services Profile
MainSource Financial Group, Inc. is a regional bank providing deposit accounts, loan facilities, and investment services. With a profit margin of 34.6% and a dividend yield of 1.72%, the company operates with a beta of 0.89, indicating lower volatility compared to the market. Its P/E ratio stands at 20.65.
What Is the Investment Thesis for MSFG?
MainSource Financial Group, Inc. presents an investment case centered on its established banking operations and consistent profitability, indicated by a profit margin of 34.6%. The dividend yield of 1.72% offers a steady income stream for investors. However, the P/E ratio of 20.65 suggests a valuation that reflects market expectations for future growth. Key value drivers include effective management of net interest margin, loan growth, and asset quality. Growth catalysts involve expanding its customer base, increasing its market share, and leveraging technology to enhance operational efficiency. Potential risks include interest rate fluctuations, regulatory changes, and increased competition from larger financial institutions. Monitoring these factors is crucial for assessing the long-term investment potential.
Based on FMP financials and quantitative analysis
MSFG Key Highlights
Profit Margin of 34.6% reflects efficient operations and profitability.
- Gross Margin of 100.0% indicates effective cost management.
- Dividend Yield of 1.72% provides a steady income stream for investors.
- P/E Ratio of 20.65 suggests a market valuation reflecting growth expectations.
- Beta of 0.89 indicates lower volatility compared to the broader market.
Who Are MSFG's Competitors?
MSFG is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| PFH Prudential Financial, Inc. 4.125% Junior Subordinated Notes due 2060 | $15.43 | +1.51% | $40.3B | 42 |
| BPOPM Popular Capital Trust II PFD GTD 6.125% | $25.16 | +0.04% | $11.1B | 87 |
| ZIONL Zions Bancorporation N.A. - 6.9 | $25.00 | -0.06% | $8.39B | 51 |
| BANFP BFC Capital Trust II PFD TR 7.20% | $27.26 | -0.24% | $3.73B | 89 |
| LMHB Legg Mason, Inc. JR SUB NT 56 | $25.80 | +0.19% | $2.43B | 46 |
| CBK Commercial Bancgroup, Inc. | $33.82 | -3.21% | $463M | 85 |
| HVMC Highview Merger Corp. | $10.23 | +0.00% | $301M | 53 |
| BPOPN Popular Capital Trust I PFD 6.70% GTD | $25.23 | +0.44% | 66 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are MSFG's Key Strengths?
Established banking operations.
- Consistent profitability.
- Strong customer relationships.
- Regional presence.
What Are MSFG's Weaknesses?
Limited geographic diversification.
- Dependence on interest income.
- Exposure to interest rate risk.
- Competition from larger banks.
What Could Drive MSFG Stock Higher?
Potential increase in interest rates could improve net interest margin.
- Expansion of online banking services to attract new customers.
- Strategic acquisitions to expand market presence.
What Are the Key Risks for MSFG?
Interest rate fluctuations could negatively impact profitability.
- Regulatory changes could increase compliance costs.
- Increased competition from larger banks.
- Economic downturn could lead to loan losses.
What Are the Growth Opportunities for MSFG?
- Expansion of Online Banking Services: MainSource Financial Group, Inc. can capitalize on the increasing demand for digital banking services by enhancing its online and mobile platforms. This includes offering a wider range of online services, improving user experience, and strengthening cybersecurity measures. The market for digital banking is expected to grow as more customers prefer the convenience of online banking. Timeline: Ongoing.
- Strategic Acquisitions: MainSource Financial Group, Inc. can pursue strategic acquisitions of smaller banks or financial institutions to expand its market presence and customer base. Acquisitions can provide access to new markets, products, and technologies. The market for bank acquisitions is influenced by regulatory factors, economic conditions, and competitive dynamics. Timeline: Ongoing.
- Increase in Loan Portfolio: MainSource Financial Group, Inc. can focus on growing its loan portfolio by targeting specific segments such as small businesses, commercial real estate, and consumer loans. This requires effective risk management, competitive pricing, and strong customer relationships. The market for loans is influenced by interest rates, economic growth, and credit demand. Timeline: Ongoing.
- Cross-Selling Financial Products: MainSource Financial Group, Inc. can increase revenue by cross-selling financial products and services to its existing customer base. This includes offering investment services, insurance products, and wealth management solutions. Cross-selling requires effective marketing, customer segmentation, and product knowledge. Timeline: Ongoing.
- Geographic Expansion: MainSource Financial Group, Inc. can expand its geographic footprint by opening new branches or acquiring banks in attractive markets. This requires careful market research, regulatory approvals, and effective branch management. Geographic expansion can increase the bank's customer base and market share. Timeline: Ongoing.
What Are MSFG's Competitive Advantages?
- Established banking operations with a long history.
- Strong customer relationships and personalized service.
- Effective risk management and regulatory compliance.
- Regional presence and local market knowledge.
What Does MSFG Do?
MainSource Financial Group, Inc. functions as a bank, offering a comprehensive suite of financial products and services. These include savings and current accounts designed for everyday banking needs, investment services aimed at wealth accumulation and management, and online banking platforms for convenient access. The bank provides mortgage and non-mortgage loan facilities, catering to various financial needs of individuals and businesses. The bank's core operations revolve around attracting deposits and extending credit, generating revenue through interest income and fees. It operates within a competitive landscape of regional and national banks, focusing on building customer relationships and providing personalized service. The bank's strategic focus includes maintaining a strong capital base, managing risk effectively, and adapting to evolving regulatory requirements. The company aims to deliver sustainable profitability and shareholder value through its banking operations.
What Products and Services Does MSFG Offer?
- Offers savings and current accounts for individuals and businesses.
- Provides mortgage and non-mortgage loan facilities.
- Delivers investment and financial services.
- Operates online banking platforms for convenient access.
- Manages deposits and extends credit.
- Generates revenue through interest income and fees.
How Does MSFG Make Money?
- Attracts deposits from individuals and businesses.
- Extends credit through loans and other financial products.
- Generates revenue through interest income on loans.
- Collects fees for various banking services.
What Industry Does MSFG Operate In?
MainSource Financial Group, Inc. operates within the banking sector, which is characterized by intense competition, regulatory oversight, and evolving customer preferences. The industry is influenced by macroeconomic factors such as interest rates, economic growth, and inflation. Banks compete on factors such as interest rates, fees, service quality, and technology. The industry is undergoing digital transformation, with increasing adoption of online and mobile banking services. MainSource Financial Group, Inc. competes with regional and national banks, credit unions, and non-bank financial institutions.
Who Are MSFG's Key Customers?
- Individuals seeking deposit accounts and loans.
- Small businesses requiring banking services and financing.
- Commercial clients needing financial solutions.
- Investors looking for wealth management services.
Company Profile
MainSource Financial Group, Inc. operates in the Banks - Regional industry within the Financial Services sector. MSFG has traded publicly since 1992.
Key Financial Metrics
Return on equity for MainSource Financial Group, Inc. stands at 10.1%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 1.1%, showing how much profit it generates from its asset base. MSFG trades at a trailing price-to-earnings ratio of 20.65, above the Financial Services sector average of ~18x. A current ratio of 0.00 means current liabilities exceed short-term assets, a liquidity point worth watching. Its earnings yield is 4.8%, the inverse of the P/E and a quick read on earnings relative to price.
MSFG Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis
Bull Case vs Bear Case
Bull Case
- Established banking operations.
- Consistent profitability.
- Strong customer relationships.
- Regional presence.
Bear Case
- Limited geographic diversification.
- Dependence on interest income.
- Exposure to interest rate risk.
- Competition from larger banks.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · August 2026
MSFG Latest News
No recent news available for MSFG.
MainSource Financial Group, Inc. Financial Services Stock: Key Questions Answered
What happened to MainSource Financial Group, Inc. (MSFG) stock?
MainSource Financial Group, Inc. (MSFG) no longer trades on public markets. It was delisted in April 2018. The figures below are historical and are not a current quote.
Can I still buy MSFG shares?
No. MSFG stopped trading on public markets in April 2018, so the shares are not available through a broker. Anything you see quoted for MSFG elsewhere is historical data, not a live market.
Are the figures on this page current?
No. Every number here is the last value recorded before MSFG stopped trading. Nothing on this page updates, and none of it is a current quote.
Why does this page still exist?
Because people still search for what happened to MainSource Financial Group, Inc.. An archived profile that states the delisting plainly is more useful than a dead link — provided it is labelled as history, which is what this page does.
What does MainSource Financial Group, Inc. do?
MainSource Financial Group, Inc. operates as a bank, providing a range of financial services to individuals and businesses. Its core business involves accepting deposits and providing loans, generating revenue through interest income and fees. The bank offers savings and current accounts, mortgage and non-mortgage loan facilities, investment services, and online banking platforms. It focuses on building customer relationships and providing personalized service within its regional market.
What are the main risks for MSFG?
MainSource Financial Group, Inc. faces several risks inherent to the banking industry. Interest rate risk is a significant concern, as fluctuations in interest rates can impact the bank's net interest margin and profitability. Regulatory risk is also present, as changes in banking regulations can increase compliance costs and limit business activities.
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.
- Financial data is based on available information and may be subject to change.
- AI analysis is pending and will provide further insights.