Midland States Bancorp Inc

Chart & Performance

D1W1MN

Profile

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 through Banking, Wealth Management, and Other segments. The company accepts various deposits, such as checking, savings, money market, and sweep accounts, as well as certificates of deposits. It also offers term loans to purchase capital equipment; lines of credit for working capital and operational purposes; commercial real estate loans for owner occupied and non-owner occupied commercial property, as well as farmland loans; construction and land development loans developers of commercial real estate investment properties, residential developments, individual clients for construction of single family homes, as well as to construct owner-user properties; and residential real estate loans and home equity lines of credit.. In addition, the company provides consumer installment loans for the purchase of cars, boats, and other recreational vehicles, as well as for the purchase of major appliances and other home improvement projects; commercial equipment leasing; and trust and wealth management products and services, including 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 services. As of December 31, 2021, it operated 52 full-service banking offices. The company was founded in 1881 and is headquartered in Effingham, Illinois.

URL

https://www.midlandsb.com/

IPO date

May 24, 2016

Employees

915

Domiciled in

Incorporated in

Valuation

Order:

Title USD in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title USD in thousands, except ratios and share amounts	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12	2014‑12
Income
Revenues	404,296 25.44%	322,303 13.05%	285,106 4.54%
Cost of revenue	101,375	93,623	117,719
Unusual Expense (Income)
NOPBT	302,921	228,680	167,387
NOPBT Margin	74.93%	70.95%	58.71%
Operating Taxes	32,113	30,813	17,795
Tax Rate	10.60%	13.47%	10.63%
NOPAT	270,808	197,867	149,592
Net income	75,460 -23.80%	99,025 21.78%	81,317 260.82%
Dividends	(35,486)	(29,092)	(25,172)
Dividend yield	5.82%	4.88%	4.50%
Proceeds from repurchase of equity	(16,228)	111,627	1,508,035
BB yield	2.66%	-18.72%	-269.80%
Debt
Debt current	184,865	42,311	76,803
Long-term debt	426,856	566,742	470,519
Deferred revenue		(22,485)	409,767
Other long-term liabilities	6,620,604	6,494,844	(459,805)
Net debt	(487,157)	(1,125,277)	(1,985,051)
Cash flow
Cash from operating activities	154,638	236,755	334,438
CAPEX	(8,731)	(3,470)	(2,718)
Cash from investing activities	(76,080)	(1,098,887)	(478,495)
Cash from financing activities	(104,128)	332,082	482,788
FCF	2,758,460	621,231	144,532
Balance
Cash	135,061	911,269	1,579,900
Long term investments	963,817	823,061	952,473
Excess cash	1,078,663	1,718,215	2,518,118
Stockholders' equity	356,390	309,378	217,930
Invested Capital	4,405,273	7,523,638	7,175,837
ROIC	4.54%	2.69%	2.16%
ROCE	6.36%	2.91%	2.25%
EV
Common stock shares outstanding	22,124	22,396	22,547
Price	27.56 3.53%	26.62 7.38%	24.79 38.72%
Market cap	609,749 2.28%	596,173 6.66%	558,949 33.98%
EV	233,140	(418,556)	(1,426,102)
EBITDA	315,642	243,057	183,732
EV/EBITDA	0.74
Interest	168,279	56,020	30,142
Interest/NOPBT	55.55%	24.50%	18.01%