Midland States Bancorp, Inc.
NASDAQCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.Company Description
- CEO
- Jeffrey G. Ludwig
- Full Time Employees
- 850
- Sector
- Financial Services
- Industry
- Banks - Regional
- Address
- 1201 Network Centre Drive Effingham IL United States of America 62401
- IPO Date
- May 24, 2016
- CIK
- 0001466026
- Website
- midlandsb.com
- Similar Companies
- Business
- Midland States Bancorp, Inc. is a community-based financial holding company headquartered in Effingham, Illinois, primarily engaged in banking and financial services through its subsidiary Midland States Bank. The company offers a full suite of products and services including commercial and consumer banking, business equipment financing, merchant credit card services, trust and investment management, insurance, and financial planning. Midland States Bancorp operates primarily in Illinois and Missouri, serving retail and commercial customers in these regions. Founded in 1983, Midland States Bancorp focuses on community banking with products such as checking and savings accounts, loans, lines of credit, equipment financing, and wealth management services. Recently, the company divested substantially all of its equipment finance portfolio to North Mill Equipment Finance in a $502 million cash transaction completed in November 2025. This strategic move aligns with the company’s goal to concentrate on core community banking functions, improve capital ratios, reduce exposure to higher-risk assets, and strengthen its balance sheet. Additionally, Midland States Bancorp authorized a new $25 million stock buyback program effective in November 2025, signaling confidence in capital management and shareholder returns. In 2024, Midland States Bancorp formed a strategic partnership with Transend to launch an innovative B2B private-label working capital solution that enhances financing options for commercial suppliers and customers, reflecting the company's focus on incorporating technology-driven payment solutions. The bank continues to emphasize community banking while managing credit quality and operational risks with a view toward sustainable growth and maintaining a strong dividend yield. Midland States Bancorp is publicly traded on Nasdaq under the ticker MSBI and is recognized as a significant community banking institution in its operating regions. Its strategic adjustments during 2024-2025 including the equipment finance divestiture and partnerships underscore its commitment to focusing on efficient capital use and strengthening core banking activities.
Company News
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