Midland States Bancorp, Inc.
MSBIP
NASDAQ Global Select25.13
USD
+0.01
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Midland States Bancorp, Inc.
MSBIP
(NASDAQ Global Select)
Recent
price
25.13
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Midland States Bancorp, Inc. is a diversified financial holding company and the parent of Midland States Bank, which provides a broad range of commercial and retail banking products and services to individuals, businesses, municipalities, and other entities primarily in the Midwestern and Southeastern United States; its core offerings include commercial loans such as business term loans, equipment financing, and lines of credit; commercial real estate loans encompassing owner-occupied offices, warehouses, production facilities, office buildings, hotels, mixed-use residential and commercial facilities, retail centers, multifamily properties, assisted living facilities, and farmland; construction and land development loans for small and midsized businesses, commercial real estate investment properties, residential developments, and single-family homes; residential real estate loans comprising first and second mortgages and home equity lines of credit; consumer installment loans for vehicles, boats, recreational items, major appliances, and home improvements; deposit products including checking, savings, money market, certificates of deposit, and sweep accounts; merchant services; corporate treasury management; letters of credit; mortgage loan sales and servicing; and wealth management services through Midland Wealth Management featuring financial and estate planning, trustee and custodial services, investment management, tax and insurance planning, business planning, corporate retirement plan consulting and administration, and retail brokerage. Founded in 1881 and headquartered at 1201 Network Centre Drive in Effingham, Illinois, the company operates through Banking, Wealth Management, and Corporate segments with approximately 880-896 employees and total assets of about $6.91 billion as of September 30, 2025; its branch network spans key markets in Illinois, Missouri, and Florida, emphasizing relationship-driven community banking. In recent strategic shifts, Midland States Bancorp announced the sale of substantially all of its $599 million equipment finance portfolio to North Mill Equipment Finance for $502 million in late November 2025, expecting a $20 million pre-tax loss in Q4 2025 while using proceeds to repay $350 million in high-cost wholesale funding, ceased originating new equipment finance loans as of September 30, 2025, and sharpened focus on core community banking and wealth management to strengthen its balance sheet and capital position; additionally, its board approved a new $25 million common stock repurchase program effective November 3, 2025, through November 2, 2026, following the prior program's expiration, and increased its quarterly dividend by 3.2% to $0.32 per share payable August 22, 2025.
Midland States Bancorp (NASDAQ:MSBIP) Stock Price Up 0.6% – Time to Buy?